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Anybody waiting on an Aldermore mortgage offer?
Hi All I know there are a few posts regarding this matter around the forum but i wanted to make an up to date one.
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Solicitor refuses to work with lender - urgent advice needed
Hello. We are getting mortgage with Kent reliance, I checked their website for solicitors panel before picking one and this solicitor ( JS Law ) is there as their preferred solicitor. So we've got offer on Friday, previously we already paid some fees to solicitor ( around £700), because we've been waiting to start the…
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Stamp Duty for "First time buyer"
Hi, I've tried searching this online but got no luck. I bought a property with my brother 6 years ago and we were on a joint mortgage. I've recently got married and buying a house with my wife. I've agreed to be removed from my current mortgage with my brother and start a new one with my wife. I'm only going to have 1…
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How much salary do lenders expect, for 1 year self employed property at value of £400,000
I am a first time buyer Most banks and non-bank lenders requires 2 years of evidence. If there's a lender asking only 1 year of evidence, then they will charge more price Suppose a property is valued £400,000 What would be a suitable range of annual salary for the mortgage application For example, consider mortgage lender…
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Remortgaging for house repairs
Hi, I took out a 2yr fixed rate mortgage last September. I need to have some roof and rendering repairs done on the house which the insurance deem as wear and tear and will not cover. Is it possible to look at remortgaging part way through my current one to release some equity to pay for the required repairs? Thanks
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Looking for 10 year fixed rate mortgage with lowest exit fees- any suggestions?
hi All I need to switch from the tracker to fixed rate and i would like 10 year fixed rate mortgage. I need to borrow 60k(property 310k). Can anybody suggest the deal with the least exit or overpayment fees? Are there any tricks or gotchas that i should be aware off? If i am in fixed deal and theoretically would like to…
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B2L - Limited Company with Investors
Hi All, Hope you are well. Couple of questions - I am looking to go down the route of forming a limited company to acquire a B2L property and have a few questions I was hoping I can get some help with: 1. I will form the company and be the Director for the company, ideally i am also planning to bring "investors" on-board…
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Should I have valued higher?
I have a mortgage with Nationwide and have done some renovations to the property recently. I put the renovations on credit cards as we needed to make some quick changes. We were going to sell the house however have decided to stay. I applied for additional borrowing today as I wanted to consolidate the credit cards onto…
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BTL moving to interest only
Family member has approx 5 rental properties and wants to add more properties each year. They currently do repayment loans and but are now looking at interest only mortgages as they believe the economics make more sense. Not my area so asking a few questions, go easy on me! Can you just do a comparison to find the best…
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Why won't mortgage vendors consider me?
Hi All, I'm 51 yrs old earn over 110k a year. Due to personal circa stances and paracite landlords I need to buy somewhere quickly or face living on the streets (metaphorically speaking). The most any vendor will consider is a 95k loan. I cannot even buy a shared ownership flat at this price. What on earth is the problem,…
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Property repossession
My husband had a property repossessed in January 2020 however the first missed mortgage payment was January 2019. On his recent Experian report it details that the default date in January 2020. Our understanding is that the date on the credit report should be the first missed payment which lead to the repossession,…
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Nationwide / Contractors / Self employed
Hi, I've asked similar before so apologies for posting again but we're going round in circles trying to find advice with a broker or on line I am 57 and will soon have the enough to clear my mortgage. I would prefer not to do this at the moment because the rate is so low and I enjoy seeing it come down each month ! My…
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Fixed rate mortgage payment changed
Hi I have a fixed rate mortgage with LLoyds, which I've had for one year. I noticed this month that the direct debit payment taken was about £16 less than expected. When I look at my mortgage details online the 'monthly payment' figure has also changed to the reduced figure. I phoned them up to ask why, I was told that on…
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Pay off some of mortgage?
Hi everyone. I have a mortgage fixed at 4.7% until next year. £37000 to pay off. I can overpay 10% now, which is £3700. I have £17000 savings in ISA about to mature. I have option to reinvest at percentage of 4.25%. I assume, at this stage, it is better for me to overpay my mortgage? Thanks
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Mortgage Deed advice
I am so sorry if this seems a really daft question but want to try and get everything right first time! When posting the mortgage deed back to the solicitor, can the form be folded in an A5 envelope or does the form need to be kept unfolded and returned in an A4 envelope? I know this sounds stupid but this is the first…
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Cash Purchase - Money Laundering Source of Funds proof
I've seen a few threads about cash purchase previously but none seem to cover what is required for proof of funds. A thread on the investment board with someone needing to prove the source of the savings got me thinking what would be needed by a solicitor if you're buying a house for cash. The money has sat in an ISA for…
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I think we’re going to go bankrupt…desperate family of 4
We are desperately in search of some advice. we have a mortgage of £409k, after some additional borrowing to complete a two storey extension. Due to delays from illness, planning and a bad experience with a builder, we are not finished. Nowhere near. we had expected to be finished by now and have the house revalued which…
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Multiple applications..
Hello... I applied for a mortgage through a lender (X) 6 weeks ago.. the MB I used had to 'push' through an application as I passed the initial checks but it wouldnt let them proceed to Full Application. Surprise surprise, this application failed.. I swiftly moved onto a new broker who I have used before and they got me a…
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Rejected Additional Borrowing/Category B meaning?
I have had my current mortgage for 6 months but Halifax just ran the application process with me on a video call and computer said no, the advisor said it told him I came back as a category B. What does this mean? 😳 He said Bs can change to As and that I could try again in month. My affordability seemed OK despite a loan…
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Should I overpay my mortgage even if I'm planning to sell?
Hi everyone, with current market I'm wondering if it's worth it to overpay my mortgage if we're planning to sell this year? I bought it at 150k and all the offers I'm receiving are between 140-155k only. I'm just considering the fact that we might lose money because our house value is low. Thank you in advance for answering
