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First time buyer - so hard!!
Hi all, I am looking for some advice about the best way forward with buying my first property. The finance is a nightmare! I've saved up a 15% deposit over the past two years (~£23k!), by working my socks off and cutting back on things like gadgets, new car, holidays, etc. I'm very pleased with myself! I had planned to…
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Recuce Mortgage interest PETITION
I have just forwarded this email to Jeremy Vine at the BBC. I have posted an online petition "Last week you had a discussion regarding banks and what they were doing for us in respect of all of the public monies they had recieved. I have put forward a petition e-petition at: epetitions.direct.gov.uk/petitions/18734 for…
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bank of ireland mortgages
hi all just had some one from my bank "Lloyds" phoneing me telling me that the bank of Ireland are getting rid of all their uk based mortgages.and Lloyds can save us money on the mortgage Any one know anything about this?, have not heard anything on the T.V or radio.and its strange that Martin has not got anything on the…
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HSBC Fixed 5 Year - Fee Free Mortgage
Hello all, I am a first time buyer and i've been looking for mortgages for a couple of months now, comparing rates, fee's, fixed / tracker etc. I have just saved up for my house deposit.. and it's now time for me to save up for mortgage / lawyer fees. Rather than saving for another 3 / 4 months, this HSBC Fee Free mortgage…
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Mortgage lender offering cash discounts to off load existing mortgage accounts
Hi Everyone I am new to this site and the forum. Looking for some quick help and advice please?? My mortgage lender Advantage have offered me a very good cash discount to repay my mortgage early, they are also waiving all exit fees which is great. The only catch is.... My mortgage has to be redeemed before the end of this…
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What to do? Remortgage, 195 fee, need 75%ltv, it could be close!
Hi, I've a dilema! Looking to remortgage, and have found suitable product from Yorkshire Building Society. £195 non-refundable application fee, conveyancing and valuation free. It is a 75% LTV. My house is worth VERY close to the 75% mark. If I apply, and the valuation comes out lower, I'd have to pick the next best…
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Remortgaging from RBS and the ERC
I have arranged for a remortgage from RBS to HSBC, the ERC is 2% of the balance when remortgaging. Now this is all straight forward BUT... It also has 10% per year that you can overpay without incurring any charges, so I believe the ERC should be 2% of 90% of the balance being remortgaged and not 100%. Hope this makes…
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Convert to buy-to-let and buy new house
My wife and I are looking to re-mortgage our current house (standard mortgage) as a buy-to-let mortgage and purchase a new property as a standard mortgage. I'd like some advice on what order things will need to happen. Am I correct in thinking that we can only apply for the mortgage to purchase the new house once the…
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Getting a shared ownership mortgage
I have some adverse credit and wondered how easy/difficult it is to get a shared ownership mortgage. Please, if there are any mortgage brokers can they comment and let me know how far back lenders look.
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Stamp Duty
My son and girlfriend want to buy house. She has previously been a first time buyer and did not have to pay stamp duty. He has been told because of this he cannot claim this benefit as a first time buyer himself. Does anyone know if this is correct?
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Pros and cons of paying off holiday let mortgage
Hi there, Just like to use some of you as a sound board if possible. We have an interest-only mortgage of 51k on a holiday let run as a business. We are 1 year into a maximum term of 7 years. I'm now in a position to pay it off. However, there are big penalties for paying extra in the first 3 years of the mortgage. In…
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where do I stand.
I am meant to be buying a house with my husband of 11 years, they solicitor wants the deposit next week. I am putting 85k in. my husband has taken a mortgage for the other 50k. I cant get a mortgage due to having just started a business. Things are not going well with us. If we split after buying what would happen? We have…
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If I die who gets money from mortgage insurance?
Bought house 5 years ago, live with partner and 3 kids. We were advised to take out an insurance policy for the mortgage (as well as building & contents, and Critical Life) at the Estate Agents by their "independent" financial adviser. Five years down the line, Legal and General write to inform us that our separate…
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Can someone with some experience please help me!!
I am 27 and basically I have awful credit from years ago (when I was 18 I applied for everything I could get and never paid it back). I got a mortgage with Birmingham Midshires 5 years ago and although I have had arrears in the past I am up to date now and the same applies to my secured loan with Swift. Eventually I grew…
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Endowment Question - keep, cash or use?
Hello, When I was 19 I took out an endowment (and interest I think) mortgage (right before they advised against it). After I moved our next advisor suggested just keeping the mortgage going but treat the endowment as a savings account as it was unlikely to cover the mortgage at the end. The result is that for the last 13…
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TMB raising SVR outside of rate rises...
Yesterday I encountered a letter, well actually it was a notification, from my Mortgage company TMB advising that they are increasing the Standard Variable Rate on my mortgage even though there has not been a change in interest rate. They put it down to "increased funding and capital costs of running your mortgage" 1) Can…
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Remortgage help
I have been receiving support with my interest mortgage payments whilst I was in receipt of benefits. I now work full time but I am on a low wage and cannot afford the full monthly repayments. My bank won't agree to an interest only mortgage and I wanted to know how I go about remortgaging with another lender who will…
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can anyone help?
hi, myself and my husband are currently selling his property to get a house together. We have been living together for 2 years and recently got married. We are selling our house for £127,000 and purchasing another for £177,000. The problem we have come across is in applying for a "top-up" mortgage in joint name with our…
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First Time Buyers
What is the best type of mortgage to get, we have been told a fixed mortgage for 4 years and others are saying a fixed mortgage for 2 years? With interest rates potentially going up whats the best option for us?
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Novice needing Mortgage Help
Hi all, I am quite young and a complete novice to all things financial. I inherited a house a little while back when my mum passed away which I am now renting out. I luckily have no mortgage on it and it is worth around £200K. After management fees Im earning about £810 a month for it. I have just recently got married and…
