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Residential Management Group (RMG) Contract Vs Lender (HSBC)
Has anyone successfully bought/is buying a property subject to a RMG estate management fee contract and been able to secure a mortgage? HSBC will not lend at all, not even with an indemnity policy, unless there's a deed of variation - which the company is reluctant to agree to. We are desperate to resolve this any way we…
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HSBC Mortgage on a property with estate rentcharge
Hi, We were due to exchange this week for completion before Christmas on a property built 3 years ago and were advised by our solicitors that the property has an estate rentcharge. Our solicitors have advised that this can potentially delay our completion as our lender, HSBC is known in the industry to have very stringent…
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NatWest acceptable form of income (Child's DLA)
Hello, I would like to know does Natwest accept a child's DLA as acceptable form of income if one of the parents receives it on behalf of the child?
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Remortgaging and charging orders
Not sure I have the right section! Anyway Years ago my ex had three charging orders placed on our house at Land Registry. We jointly owned the said house at the time. Let's fast forward a few years! He was made bankrupt not too soon after the said orders were placed on the house so I bought his beneficial interest off the…
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Help me please
Please can anybody help me. Ive been on an interest only mortgage for the past 9 years at the time i was thinking off moving but my bank advised not to fix it. I rang and asked them if i could port my mortgage across to my new address and they said yes but with no additional borrowing and to ring up with my new address…
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Should I pay off my mortgage
Hi all, My current fixed rate comes to an end this month. I have already sourced a new 2 year deal at 4.54%. Circa £50k left on mortgage with 6 years to go. Recently came into some money, so could pay off the mortgage and still have some leftover. I could pay it off before the new deal kicks in and therefore no early…
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Is settlement vs savings simple maths?
Grateful for help and apologies for the daft questions… I have enough money saved to pay off my mortgage balance - so my outstanding mortgage balance and my savings are the same amounts. I’m on a fixed term repayment that will end in a few months. My savings are in tax-free (cash ISA) paying around 5% - I expect any…
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Purchasing a leasehold with no service charge and ground rent
Hi All, We are FTB who recently had an offer accepted on a flat, however I am concerned with this being a leasehold. At first I thought the idea was brilliant, no service charge and ground rent but when thinking about this I am wondering if this all sounds too good to be true. I have spoken to estate agent to get more info…
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4 months into a 2 year fixed - should I switch?
Hi, looking for advice before I speak to a broker please. I'm wondering whether I can get a better mortgage rate and borrow more - either with my existing provider (Kensington) or a new lender - even though I'm only 4 months into a 2 year fixed. I bought my first home in Dec 2021 with a 2 year fixed (around 5.5%) with…
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Stoozing but remortgage coming up soon
Hi all, My wife and I are currently stoozing on around £34k of debt on 0% credit cards either purchase or balance transfer. This money is just gaining around 5% interest in bank accounts (split below by card along with when the offer runs out). However, our 5 year fixed mortgage is due to end in Jan 2025 and so we'll need…
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Vida Homeloans.
Hi. All a bit new to this, my wife and I have applied for our first mortgage with Vida, via a broker. we had to go down this route due to a now satisfied trust deed, we have the Dip and now at the full application stage. We have pushed the valuation forward, just wanted to know what kind of turnaround time we are looking…
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Affordability impact
Hi, I’m considering paying off existing debts vs. Applying for a mortgage with them and wanted to ask here before looking for a broker. We make c. £120k between us, have 2 children with £600 in monthly childcare fees. Our only debts are 3 credit cards with £5000 balance, which is around 60% utilisation. (These are being…
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Lifetime Mortgage Advice please
My ex-wife, diagnosed with spondylitis and experiencing pain, is a dedicated teaching assistant at 58. However, she's uncertain about managing this physically demanding job beyond the age of 60. Post-divorce, she became wealthier in terms of equity, owning a mortgage-free property valued at 250k. Mortgage Free currently.…
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HALIFAX DEVALUING OUR PROPERTY TO LOWER OUR EQUITY AND FORCE US INTO A HIGHER INTEREST BRACKET
Our current mortgage is up for renewal at the of June, and when attempting to organise a new fixed rate with Halifax, we noticed that they have devalued our property by approx £50-75k!!!! Is anyone else experiencing this issue? We have tried to challenge and complain and have got nowhere - surely there is something we can…
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Mortgage 8 years after Debt Relief Order (DRO)
About to apply for a mortgage - do I have to disclose that I had a DRO (8 years since end of moratorium) even if it has been removed from the register and my file? I'm fortunate enough to have a deposit that takes me over 50% and my credit rating is now very good. For most lenders would this outweigh the past DRO?
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Offer to completion
Hi all, we recently got our mortgage offer and literally clueless on how long roughly the next process takes. We’re first time buyers purchasing a house with no chain. The searches were ordered on Wednesday last week and the environmental search came back the next day, our local councils website states the local land…
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Joint mortgage with satisfied deafult
Hi - I am looking for some advice if there is anyone out there that can help.. My partner already has a mortgage with Nationwide and we are currently looking to add myself to this and buy a new property. I have a satisfied payday loan on my account from 2020, before it was satisfied there were quite a few default payments.…
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Short term mortgage to move
We have an offset mortgage on our current house. Over the last few years we have been completely offsetting the mortgage with savings and paying nothing. We have now inherited some money and are looking to move. We would like the flexibility to move without selling our existing house straight away. Taking into account the…
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Proof Of Earnings - Mortgage
Hey everyone. I’ve posted before. Our mortgage application has gone in with Leeds Building Society. We have passed credit check etc, and they’ve evaluated bank statements and have gotten to looking at payslips. I’m currently on maternity - during this maternity my pay has risen (I’m a teacher and went up in my appraisal)…
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Help - first Mortgage payment disaster
We’ve just received our mortgage offer which states our first payment could be as much as practically double what our agreed monthly payment is which has come as a bit of a shock and now panic as with all the costs of moving etc we literally wouldn’t have that much spare cash to make the first payment 🥴 now I’m aware that…