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Help..Remortgaged recently , now moving house
Hi we remortgaged 6 months ago, we did this as we needed a deposit for a BTL mortgage. We fixed our mortgage for 2 years at 4.5%, with £999 fees, We chose the product as at the back of our mind we thought we may move house soon, this product has not ERC. Now i dont know what to do, do i try and port this mortgage, or shop…
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Help need to make a decision - Fix or ride the wave and track
I'm currently on an interest only mortgage deal which is tracking the base interest rate of .5%, so I've been in a very good position and have been paying off £500 a month for a year. My dilemma is whether to fix now or take the risk and stick with what i have. The decision is complicated by the fact i will be made…
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Will one off payments reduce monthly payments?
I have a part mortage part loan with Nram for the last 4 1/2 years and was looking to start making overpayments and was wondering on a few things. The mortage is currently £74,500 out of £76,000 borrowed on a £75,500 property. Would it be better to make a single payment of £1200 a year or to alter my payments to go from…
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Mortgage payment holiday
I know each provider will have their own rules, and I WILL go and hunt out our documents and check, but until I have . . . We have recently changed from a sub prime lender (having worked really hard at getting debts down/gone and generally keeping our noses clean) to a mortgage with NatWest. We did this in September last…
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slightly tricky new mortgage question
hi all thanks for all help in advance i am looking at buying a first property valued at around 100k with my partner my partners credit history is fine mine however isnt. The idea we have at present is for my partner and her dad to get a joint mortgage (her dad already has a mortgage on his property he lives in and has an…
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Damaging credit score?
We need a MIP decision but may struggle as we are self employed. If we approach separate lenders (our own bank and scottish widdow re their "professional" mortgage) as well as asking a broker will they each run a credit check and damage our score? I tried reading Martins guide but wasn't sure so thought I'd ask here!…
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buy wife ouit of house?
Found out yesterday that the wife has been having an affair with our neighbour. I have lost everything but worst of all my kids will need to move school etc as she has left the village. Rather than me lose everything, I would like to buy her out of the house. Current mortage £92,000 House valued £162,000 (probably more but…
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Is it worth putting down a bigger deposit?
Looking at different mortgage products now that our offer has been accepted. We're in the position that we'd just be able to put down 25% deposit rather than 20%, which would bring the rate down to 5.19 rather than 5.29 (5 year fix). I've not got my maths head on this morning, can't work out whether we'd be better keeping…
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How does value of property work for remortgage?
My 5 year fix is about to end and i plan on staying with current provider. Based on the original valuation 5 years ago im likely to be now very close to 75% LTV which means i get a reduced rate. Question is will they still use the value from 5 years ago or will they use some forulation that will evaluate its current price?…
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Moving abroad - Need additional funding
Hello, I am new to this site so sorry if I have posted in the wrong place! Would be grateful for some advise as we are struggling to get what we are after as we are being open and honest! Our situation is this; We have a UK property which we want to release some equity from, rent it out and change to a buy-to-let. In…
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first time buyer , AIP halifax
I've seen a property that I want to buy, I've been AIP from Halifax for £57000. If i get the property for £50000 and put down 10%, would i be able to borrow £53000 in order for me to do the property up?
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bridging loan advice please
Hi - is there anyone who can help with my question please. Am relocating with work and have just found my dream house which is up for auction in about 3 weeks. I have yet to sell my current property though, and I do not have anywhere near to the auction guide price in available cash - although I can afford the 10% deposit.…
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15% with debt / 10% without
Ive been saving up for a deposit with a view to purchasing sometime next year Looking at properties around £200k and aiming for 15-20% deposit I currently earn £42k a year and save £500 towards the deposit and pay £500 towards my £6k credit card debt (nearly all on 0% for another 9 months) Ive got just over £20k saved…
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Mortgage PPI
I posted this on the PPI board, but someone guided me here to get some advice. I've adjusted the original post a little. --- I got advice for a first mortgage from a financial advisor, who recommended a mortgage with Northern Rock and PPI with Scottish Equitable. I seem to remember the advisor implying that I 'should…
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Mortgage sold on
Hi everyone got a question im hoping someone can give me an answer to. I was declared bankrupt two years ago and at the time told by the official receiver that I could buy back my house from them at the current market value (less than the current mortgage balance) however my mortgage company are refusing to cooperate as…
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Cashing in Endowment / Re-mortgage - Advice please ?
Hi Guys, My first post.... expect a few more soon...... Ok... I'm just about to re-mortgage and have secured a fixed 3.75% deal for 2 years (or just over) with no fees (well £30 or something silly) - Thats a fairly good deal in my books. RBS. Halifax wanted MORE than that... I'm currently on base rate at 3.5% but they…
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Deposit at exchange of contracts
Hi, My girlfriend and I both own flats. Both have a good amount of equity. We want to buy a house now. The plan is to sell at least one flat to fund this new purchase. We want to sell both rather than get involved in buy to let. So the second one might sit there waiting to sell after completion on the house. But the issue…
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How often do mortgage products change?
We've just had an offer accepted on a house. We got an agreement in principle before we started making offers a couple of months ago but the house we're hoping to buy is quite a lot cheaper than the figures we got the AIP with so LTV is significantly better etc. Before I spend all weekend researching mortgages using…
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Lifetime Trackers for First Time Buyers?
Do any lenders offer lifetime trackers for first time buyers at the moment? Thanks
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confused...overpayment or reduce my term??
hi, I would be grateful for some advice. I have a capital and interest mortgage, balance of £110,000, term left is 21 years. I want to overpay by £150 each month and called the lender today who told me that I can either go into the branch each month and pay it but then need to call them as well to ensure the payment has…
