-
FTB Offset Mortgage - question re: withdrawing money
Hi :) One of my friends mentioned that he wants to use his savings of 15k for an offset mortgage towards a 100k house. Then he said that a few months after he has got the mortgage he will withdraw 5-10k from the 15k to use towards a car. I was under the impression that the offset amount is locked in to tie in with mortgage…
-
chances or approval?
Hi Looking for some advice / thoughts on our chances of getting accepted for a mortgage application, Looking to go with Santander as have found them to have a good deal on. There are a few things that worry me about our chances of being accepted for the mortgage as below Im 23 working in finance and have held current…
-
Changing jobs - affect on mortgage application?
We are currently looking to move house and are actively hunting for the right house to buy (have been looking for a while now!). When we moved into our current home our lender (Santander) required that I'd been in my job for more than 3 months and that I had passed my probation period. Why I'm posting is because I have…
-
drawing down extra funds
hi - i have recently drawn extra borrowing on my mortgage. The lender would let me take it to 85% for home improvements. Since i got the money i have done some of the work, but my situation has changed. I need to use the rest to pay off a debt. At the time of application i was told i could only have 75% for debt…
-
overpayment help
i have just made my very first overpayment :j - ok it was only £30, but its a start looking for some advice tho... i've recently changed bank and the direct debit instruction got lost therefore i had to pay my mortgage by card over the phone - this is how i made the overpayment. im on SVR and pay £620 per month. however…
-
new mortgage application - protection review appointment
Hi We have just got our mortgage offer through and my mortgage advisor asked that we have a mortgage protection review meeting. I vaguely recall mortgage protection products being sold to me when i bought my first flat but i didnt take them up on it, instead opting to save the equvalent money. So my question is, is…
-
Returning Post Grad Student
Hi, I am currently thinking about returning to study a masters, after graduating from a bachelors degree 4 years ago. Mainly its to do what I should have done after leaving Uni, but I got used to money coming in from a steady job. I am basically looking at moving onto a much better position but the requirements are for a…
-
quickest way to overpay
Hi I have a fixed nationwide mortgage and would like to make the occassional small overpayment. These are the possible ways I can do this - How to overpay You can overpay regularly each month or make one-off payments. Any money you overpay is deducted from your balance immediately and the interest on your new balance is…
-
How to work around different deposits AND different mortgage payments?
Been browsing through some threads but most of the situations with differing deposits have the buyers paying 50:50 on mortgage payments or set percentages that remain the same. My boyfriend and I have made an offer on our first house and we're trying to decide the best way to proceed. We're putting in different deposits…
-
Ftb btl
Hi Everyone. My family is in quite a quandary, and to help out I am looking to buy my dad’s house from him (which was originally my granddads) I’m hoping he’ll put a bit of the equity towards a 5% deposit for me. Don’t know how that works. But I don’t have a deposit which is why I’d need his help. The thing is, whilst I…
-
Any thougts
Hi we bought a house and we have a fixed deal of 4.69 untill aug 2014 on a repayemnt of 171.000. (Thinking of joining the 100k+ club) We have a penalty of a tie in of approx 7k. We have good equaity approx 40-50% and we are overpaying at 200 per month. So reduceing the term. We dont have any debts so what i need help is on…
-
Discounted rate with no ERC and low arrangement fees – is this a no-brainer?
Hi all, I’ve started to look around for a mortgage to purchase a property, with a max. of 75% LTV. I’d almost plumped for a 5 year fixed with Yorkshire BS - mainly because I can’t see the interest rates getting only lower (having said that I can’t see them rising much in the next 18 months either, but who knows). All…
-
Pay off mortgage or BTL
Hi, I have about £20k that I have saved over the last couple of years and owe £240k on a mortgage currently paying at 5% fixed. I have been mulling over whether to make overpayments to my mortgage (allowed 5% each calender year so would be able to do now and in Jan) or purchase a Buy to Let flat with the money. Any…
-
HP, credit cards and mortgage.
Hello! I require some advice about a financial situation. My partner and I currently have about £5,000 of debt and at the current rate of paying off we will be debt free by the end of the year. After this we will be saving up for a deposit for our own house. After we have paid our debts we will be able to save about £1750…
-
Mortgages
Hi Can anyone tell me if it is possible to change the ownership of the house I have to my partners name or joint names. We would like to remortgage to get a better deal but I only work part-time now after having our twins to don't qualify under my earnings alone. Thanks
-
Arrangement on credit file, which lenders?
I am currently in the process of moving house and had presumed that i would be able to port my portable mortgage from the woolwich. Today they have declined my application for a mortgage (even though I can keep the mortgage that I have with them if i dont move house) because of a credit arrangement that is on my credit…
-
Kensington Mortgages
Hi everyone again, So, I have been stalking the forums as usual as I have been gifted a deposit for mine and my fiances first house. the problem is, I was a stupid student and have defaults against my name. I know the consequences and can face up to them. I am however, now in a position to start my mortgage as i have a…
-
Refused mortgage
Hi everyone, Just after a bit of advice / tips on my current situation and would like to hear from anyone who may of been in a similar position. I am a first time buyer and have a 10% deposit for the price range im looking at. Problem is I have failed a credit check with Natwest and the Post office. Halifax would lend but…
-
Standard Life Endowment - options?
Hi, I've got a Standard Life endowment, taken out in 1991, 25 year term. target amount of 69,000, current surrender value of about £27,500, guaranteed amount of £33,000 at maturity, with a mortgage endowment promise of between £5,800 and £8,700.....but possibly nothing. Is there any way of reasonably predicting the size of…
-
Moving house
I'm 18 months into a 5yr fixed term and looking at moving house which would require an additional/increased mortgage. My current mortgage lender said they can give me the required amount but they don't add it onto the existing mortgage and it's basically a new mortgage for the additional amount. So I run with 2 mortgages…
