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Mortgage without partner
I own a property (mortgaged) in my sole name, which I live in with my partner and our 2 kids. Partner contributes a set monthly amount of “rent” which he transfers to me cover his share of bills and expenses. We do not share finances and are not financially linked. I am looking to move house. Partner has poor credit and…
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Mortgage overpayment
We are in the process of moving house Our new mortgage will be approximately (haven't secured a deal with a lender yet) £1,200 per month - £210k borrowed, 4.3% This is affordable for us and eventually we will pay it off early. However in the short term I have been considering whether the first few overpayments could be…
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Child Maintenance & Mortgage
Am getting different answers from mortgage brokers re: whether or not child maintenance is included as part of income / affordability calculations for mortgage. Any insight here? Kids are under 5. Maintenance agreement is informal, kids dad transfers me £500 per month, but no court order or CSA. Evidenced by bank…
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Mortgage overpayment logic
Today I confused Natwest with my questions about mortgage overpayments :smiley: They have two overpayment modes: - Up to 999, the monthly payment stays the same - 1000 or more, they recalculate the monthly payment I don't want to have my monthly payment reduced, so I asked them: "What counts as an overpayment?". If I were…
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Mortgage additional borrowing
I've just applied for additional borrowing on my mortgage. I have already supplied my payslips for my 2 jobs. They are now requesting for my p60. I have a p60 from 1 job only. It doesnt reflect the income of both jobs as I started the other after the tax year. Now a bit worried. Applying direcly to mortgage lender. What do…
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I think I am in a predicament!
Hi everyone, I think I am up the creek without paddle but here goes. I struggled to get a mortgage on my own, due to being self employed and my dream house came up. My best friend offered to take out the mortgage with me as that is the only way I could get the house. The verbal agreement (witnessed) was that she would be…
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Remortgage on house already paid for
I currently own my house outright and do not have a mortgage on it. I need to borrow some money and want to understand if it is a good idea to re-mortgage my property? I am also looking into equity release but re-mortgaging seems to be a viable option. Can anyone please advise? The property is currently worth about…
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NatWest mortgage OP not showing
Earlier today (2pm) I made my first overpayment which was the max overpayment of 20% of the balance to an IO sub-account. The site said that the overpayment would be registered in a couple of hours, but it still isn't showing. Thr money has left my account so it looks like it's gone through. Can anyone speak from…
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Mortgage & Separation
Hi, I hope someone can advise.... My ex partner and I split 13 years ago due to DV. We have two children together, 14 & 16. We remained civil for the sake of the children even though I still received intimidation and threats during that time. 18 months ago, after receiving threats on my doorstep, we ceased communication…
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Mortgage Best Buys tool: cashback and "green" conditions
Hello MSE I was using the MSE Mortgage Best Buys tool to get some figures for a Re-Mortgage (deal is coming to an end come January), and then spoke to a broker and I'm now confused. I'm looking at a the 60% LTV bracket. There's a 3.90% HSBC (999 fee, 1250 cashback) entry that looks good, but my broker told me the…
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Mortgage refused due to fixed term contract
Hi, I am seeking some advice please regarding porting of our old mortgage deal to a new, more expensive property. We sold in September and had originally planned to do a non-simultaneous port of our mortage with Nationwide, meaning we could hopefully recoup our ERCs and continue our old rate on the new property, although…
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Shared Appreciation Mortgage
I have just found out that the house my mother was living in before she died had a Shared Appreciation Mortgage for £16,000 on it. and Royal Bank of Scotland want a payment of £176,000!! That is 11 times the original amount borrowed. I have seen that RBS is in court this month as some customers have decided to sue. There…
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Can I use a Lisa with a bridging loan?
FTB, found a property that needs some work doing before I could get a normal residential mortgage against it. Looking at a bridging loan until the work is done. Can I use the funds (and bonus) in my LISA in conjunction with a purchase on bridging finance?
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Repay/Pay Off Shared Appreciation Mortgage (SAM mortgage) loan?
I have been looking but I cannot find much information on this: My partners father (reluctantly) took out a SAM back in the 90s with Royal Bank of Scotland. He never liked having this loan over his head and has always wanted to pay it off. He has come into some money recently from another investment and wants to use it to…
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Product Transfer
Hi All Just trying to get a sense of reality here I'm no where near the end of my fixed term yet but when it comes to it coming to the end what actually happens - Will they need to do it all again if I product transfer and do the checks , credit and affordability again, or is it just a click of a button online to click…
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Building Society's offering follow-on deals?
Has anyone got any experience of building societies offering follow-on deals once the initial term has expired? I'm currently looking at a property that is not mortgage by the normal highstreet lenders. Various building societies seem to provide specialist lending against the property. The initial 2 or 3yr terms are fairly…
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Removal from joint mortgage
Hi, I'm just after some advice and information. I purchased my home 4 years ago and took out a joint mortgage with my son. He initially did not live in the property and only moved in 6 months ago. I have made all the mortgage payments and have managed financially without any assistance from him. Unfortunately our…
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Trouble getting a mortgage on a site currently used as a CL.
We're buying a house that currently operates as a Certified Location (The Caravan and Motorhome Club). We won't be applying for CL status ourselves, we're just going to enjoy a lovely big garden. We were approved for our mortgage with no issues but then the mortgage lender used a surveyor to value the property and has now…
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Changing mortgage deal when Help to Buy is involved
Hello, I am looking to change my current mortgage deal next year but will keep it with my current provider (Nationwide), but would like some advice around what if anything I need to tell the Help to Buy people. I am sure that I read somewhere that if I want to change my mortgage deal with my current provider I need to get…
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Joint mortgage shortfall ex won't pay
I'm dealing with a horrible situation and would be very grateful for any help or advice please! My partner left an unpleasant relationship over 15 years ago, never married and believed he had signed over the flat to his ex. 2 years ago he received a demand letter to our house stating large arrears/repossession likely and…
