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Northern Rock repossessed asset owner?
Will be really grateful for any help or steers to unpicking who the asset holder of a parcel of land now is. The original owner was a company that first went into administration / insolvency in 2005 - the legal charge subsequently passed to Northern Rock and an entity seemingly titled “Diversity Trustee No.1 Ltd” … Would…
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Mortgage affordability calculations
When applying for a mortgage, is it possible to get a lender to consider where you'll be able to reduce your outgoings? Or is it always a case of "You've been spending it for the last X months, so we're going to assume you're going to continue spending it". Reason for asking is that our mortgage is tiny at the moment, so…
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Northern Rock - Tracking down repossessed asset holder
Will be really grateful for any help or steers to unpicking who the asset holder of a parcel of land now is. The original owner was a company that first went into administration / insolvency in 2005 - the legal charge subsequently passed to Northern Rock and an entity seemingly titled “Diversity Trustee No.1 Ltd” … Would…
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IHT and paying off mortgage as guarantor
Hi my husband is a guarantor for my daughter's mortgage. She is on ESA in support group. He has an ISA maturing and plans to use it to pay off her mortgage. Would this be affected by IHT if he were to die within 7 years as he is in effect paying off his potential debt if she were to default?
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BTL mortgage coming to an end next year. HELP!
My mortgage term ands later this year at which point I will revert to the SVR. Currently I'm on 2.4% with less than £10k left to pay. When I revert to the lenders SVR, my monthly payments are likely to triple I've been told. With only a few months left after that until the mortgage ends, Can I beg my lender to keep me on…
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Mortgage deal ended
Hi all, my mortgage deal ended last August even though they said I was made aware I only got texts saying its ending no date. Then in Feb this year saud I owed £75. I rang as I paid standing order every month and they told me I'd paid over every month which I did but they used all credit until Feb when it ran out.…
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Downsizing on a fix mortgage rate- what do do with 'spare' cash
Hi, We are currently in the process of down sizing but due to being on a fixed rate for another approx 2 years at sub 1.5% I want to port the entire mortgage to new property (the mortgage company said we could do that) The move will give us approx £95K 'in our pockets' so to speak but from that approx £5k will be spent on…
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Stamp Duty
Apologies if this is in the wrong section. Basically my partner and I both own a property with mortgage. The plan is for her to move in with me and rent out her property. We then want to get her onto my mortgage and then will have a share in my property. Say we complete a declaration of trust to say her share is for…
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Special condition on a mortgage to pay off our debt
Hi, who had an offer with these special condition ? We are paying off ALL our debt with the sale of our current house and getting a new mortgage, as it affects affordability, our current mortgage offer stands this special condition in there. Basically It says I need to pay off all my debts 30 days after completion and…
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Simply Adverse
Hello, we have received a decision in principle from Simply Adverse. Email received confirming the decision however no mention of which company. Am I okay to enquire or is this withheld to ensure your return for the formal application? Also the broker advised the mortgage company do not request bank statements, what will…
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Gifted deposit - help!
Currently in the conveyancing process of buying our first house. Today our solicitor has asked me to complete a gifted deposit form for the £9000 that is being gifted to me from my grandmother. However, as part of that process we realised that my Grandmother no longer has valid photo ID. Instead, my Mum has agreed to be…
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Sell .. Rent …
Hello ! We are in a very fortunate position where we are moving due to my husbands work to an accommodation all paid for job starting in August this year. He has been in the position for over 8 years and his job is at a private school . We currently own a 2 bedroom semi detached house which has a 20% help to buy loan (…
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Mortgage
Hi everybody, I made an application with Nationwide on 7th of May and very next day my application went to Audit. I got the AIP with Nationwide and Accord by the way. I am not sure what does this mean and the likelihood of approval. Circumstance: Me: Employed from 10 years. wife: Self employed for 2 years and now employed…
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Help me decide
It’s a long one bare with me So I’m fresh out of an IVA paid off but waiting completion cert so still on credit file, paid off 3 weeks ago and said up to 8 weeks to receive cert. so could be a few more weeks yet. Default to BG £76 registered May 2020 queried it as not right and they are removing it but taking its time.…
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Getting a Mortgage for construction costs
Hi all. I’m a first time buyer and had my LISA for a number of years. I’m intending to purchase a house that is fairly run down/dilapidated that I want to fix up. I intend to use my LISA to use as a deposit on a mortgage. If the mortgage I could get is higher than the value of the house, am I able to use some of the…
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Experience reapplying with same lender?
Hello, We went through the whole process of submitting an application with Santander at the end of March. It was decline due to them needing an extra document that I was only able to obtain now. Broker said that was apparently all that they needed, and that they were happy with everything else. We are due to apply again in…
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Residental Mortgage + BTL issue
Hi all. Appreciate your thoughts on this one, but realize speaking to our broker may be an option. The scenario is as follows. We currently own a property which we intend to sell and purchase another, obtaining a residential mortgage to do so. Affordability checks came back fine. At the same time, my OH owns a property…
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Mis Selling Mortgages
I hope you can help me please. I have been contacted by a company called Lawcost Legal Limited who apparently have bought out Commitments Protection with regards to mis selling of mortgages.I did have a PPI claim with Commitments which I was paid out back in 2006. I also paid Commitments 2 lots of £354 for them to look in…
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Lawcost Legal LTD
Does anyone have info on Lawcost Legal LTD? i cannot seem to find anything positive about them, and very limited info online. Thanks
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Mortgage and Partner's Credit Rating
Can someone please advise if my husband’s credit rating will be negatively affected if he adds me to his mortgage? We have separate finances and he’s got a perfect credit score. I had a voluntary house repossession in the past which will continue to affect my credit rating for another 3 years. I want to pay a lump sum…
