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Are written mortgage quotes binding?
Our current fixed rate mortgage is coming to an end. We recently discussed options with our Bank and was given a writen quote for a 4 year fixed rate mortage, which we signed. I have today received a telecon from the advisor to say that he has made a big mistake and that the rate isn't available to us, as it is only for…
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Can I afford to move house?
Hello, was wondering if some helpful knowledgeable person could advise me. I really want/need to move house as there are 3 of us in a tiny 2-bed and I'm pregnant again. I work full time and earn about £27k, my partner works part time, self employed so I'm really confused about what figures we use but last time we asked…
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deposit amount
Hi, I have just come off the phone to my mortgage provider, and am a bit confused, mainly on account that the advisor was a newbie and wasn't too sure himself! Someone's going to call me back, but in the meantime, I'm hoping someone here can clarify something for me. Basically, I (jointly) own a property, and am in the…
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remortgage (i think?) where to start?
hi i have two mortgages with one lender (nationwide) one property but when we moved home the mortgage was still fixed so they (NW) said to take out a second. the problem has been they have both been on different times for finishing the fixed period which has meant i have been stuck with the nationwide as they were never…
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Possibilities of using equity in 1st property to aid purchase of 2nd?
Hi All, I'm after a little advice with regards the possibility of using the equity in my property to use as a deposit on a second property. I own my property (worth £85k) with a LTV of 80%, and wish to purchase another property with my FTB partner. My property would then be rented out. My partner has been advised by one…
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Do i need a BTL?
I have a property owned outright which i want to remortgage to release some equity. i will let it out but only over the summer. Would i need a btl for this? thanks
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transfer of equity - still a first time buyer?
first time posting on this board, so sorry if i repeat anything. Our situation: the house we live in was bought 4years ago - the main mortgage being between my brother and husband. btw we are paying most of mortgage as we are living in it -we are agreed and fair on that bit. background to how above came: my brother was…
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Any Mortgage companies for two properties?
Guys, Im trying to find a lender who will be happy to give me a mortgage for a property im buying and not mind that I have another property with a different lender. Ive heard that Halifax may offer this but not managed to find anything? The issue is that I bought at a good price before selling mine as I can easily afford…
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turned down for missed payment thats not my fault -- any advice?
I've just been turned down for a mortgage because of a late payment that wasn't my fault, it is the only late payment on my record. We booked a last minute holiday via Eurocamp last summer, Eurocamp charged my debit card twice, this led to a monthly credit card payment getting bounced. Because we were away for the whole of…
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64% LTV ..fixed rate or tracker?
I am not very good at this and admit that finding the right mortgage deal is as much fun as being stuck in Hampton Court Maze I have 64% LTV and am trying to decide between the First Direct Tracker Mortgage which is BOE + 2.49% for the term and make overpayments or the HSBC 2 year fixed special at 2.99% for 2 years this…
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Buying half a house from GFs Family
Hello, am hoping someone can help with the below My girlfriends Dad owns 3 houses, 1 he lives in permanently and the other 2 have been empty for about 5 years and are currently being renovated for me and his daughter to live in 1 of them. The plan was for us to rent it from him but he now needs to release some cash so that…
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Remember to 'update' address with mortgage provider!
Just discovered my mortgage provider (Britannia) is using my old address (ie the one I was living at when I applied for the mortgage) on their system, despite the mortage being for the property I am living in. I didn't think I would need to inform them of the change of address given the amount of information they had about…
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fee or no fee?- Halifax renewall
Hi, We have a 50k mortgage on a house worth about 200k and have entered Halifax SVR after a 5yr fixed in the past couple of months (we have 20yrs more left). We now want to fix again for 5 yrs- Halifax are offering rate of 5.49% with £999 fee or 5.79% with no fee. As my maths is rubbish, can anyone tell me whether it would…
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90 day consultation - do you have to tell lender?
Hi, Our house is on the market at the mo and we have found a house we want to move to but my partner has just been told she is entering a 90 day consultation period so maybe made redundant. Now - she is about to go off on maternity leave anyway for 9 months and we are moving area to a completely new area (although…
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First time buyer – Can we buy anywhere in the country?
Hello I am hoping someone might be able to help - We are looking to buy a house in the near future. Our hope is to potentially buy in Devon, however we currently live in the Midlands. We will have a 25% deposit so are well positioned to buy, however will mortgage providers lend to us if we are buying in a different area to…
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Will i be able to get a mortgage??
Me and my girlfriend are hoping to buy a house over the summer. We have managed to save and with help from parents have 20k deposit. We both have a good steady income and be able to manage a mortgage no problem. My girlfriend has no previous trouble with credit etc but I have. I got myself in a little bit of a mess at uni…
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interest rates up after election?
Hi, can anyone speculate as to whether the building societies will increase interest rates just after the election depending on who will win? Can they change rates when they like or would they do it on a particular date? Sorry if this is a silly question, I am on SVR off a fixed at the moment and am wondering if I should…
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Offset Mortgages
I understand the basic principle when an offset mortgage is being offset with a lower amount of savings than the mortgage debt, but what happens (for example) if the savings amount should increase above the total debt of the mortgage?
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Offset mortgage - First Direct, quick query
Can anyone who has experience of a First Direct Offset mortgage help me with a quick dilemma? I'm going to use nice round numbers for ease here! If I am buying a property for 150K and I have 100K deposit Would I be any better/worse of if: a) I put 100K deposit down & mortgage for £50K. Overpay/add to savings £200/month b)…
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Part Residential Mortgage
I recently bought a 3 storey weavers cottage for cash. The ground floor (about 30% of total area) is commercial and my daughter is opening a photographic studio later this year. She has money to cover opening the business but I need to borrow as the residential part of the property needs quite a lot of refurbishment, eg.…
