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Advise needed - don't want to make wrong decision
Hi I am planning on selling my property and moving on to a new property. I am currently on a 5 yr fixed term 'Santander' mortgage which i took out in 2009 with an interest rate of 4.89%. I did plan to just port this mortgage and increase it, however the monthly charge for the additional fees was more than i could afford.…
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CBS increased rates
Hey, Currently on a deal of 3.79% life time tracker with Coventry LTV 85%. I have noticed that they have recently increased the rates for the same deal with have recently remortgaged to for new customers. Now it is 4.49%. Are they likely to increase this for exisiting customers? Thanks
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Agency worker looking for mortgage advice ?!
Hi Looking for advice, story sharing from other successful/or not agency workers. Or from anyone who has something useful to say :) Im an agency worker, ive been in work now for a year. With 2 different agency companies. Im now working with a regular client an have been doing so full time since last june. The money is…
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On Base Mortgage Rate - Should I move to a fixed rate or tracker?
My mortgage is with the Nationwide, and I moved from a fixed rate mortgage onto the base mortgage rate in 2008. In view of possible mortgage interest rate increases, I am wondering whether or not I should onto a fixed or tracker rate mortgage? My understanding is that being on the Base Mortgage rate, the rate that I would…
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Vendor gifted deposits
Hi there Are there any mortgage providers who are happy to accept vendor gifted deposits? We are looking at a new build so need 15% deposit but only have enough for 10% and the builder has offered 5% gifted.! I know a lot of lenders are not keen on VGD but wondered if there are any in particular we should target.! Thanks Mj
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HSBC require Structural Defects Warranty as condition of sale?
Is this the norm with all lenders? Has anyone else had to obtain one of these from seller recently? Our seller is confused, never heard of one and seems to think they need architects certificate although HSBc specify this is not acceptable. Any idea guys? Any help or advice?
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Mortgage, do I need a broker?
Hi All Can anyone help me please. We have recently had lots of missed payments, due to having too much debt to be honest. I am now dealing with the debt as you can see and I aim to clear this in the coming months. I ensure all payment are made now so nothing is getting worse. We currently have a shared ownership mortgage…
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Mortgage help
Are there any 95% or 100% mortgages available for people who ARE NOT first time buyers?
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Mortgage closure
We have a joint interest only mortgage of 100k on an empty home valued at 230k, I informed my mortgage company that I was looking into turning it into a care home. Now they have told me that I need to find another lender. I am not in breach of the agreement and have not missed any of the monthly payments therefore can they…
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Nationwide - too good to be true?
I am a first time buyer. Got quoted several two year mortgages the best of which was 2 year fixed 4.19pc £400 fee. Overpayment charge of 2.5pc and tied in for 2 years. Then he quoted a five year base rate plus 3.5pc ie 4pc. No early repayment charge, can terminate anytime with no charge, they pay fixed solicitor costs and…
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Repaying Lifetime Mortgage
Hi, I'm not sure if I have the correct board. My fiance and I currently live in my parents house. My parents have a life time mortgage. They are worried about the first time buyer's market and how much it would cost for us to get our first house.. So they have offered that we can have the house and all live together. This…
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Could I be classed as a first time buyer
My partner and I bought a house as a joint mortgage when we were 20. Now 11 years later and we have just split up... I want her to keep the house because it's our children's home and I'm going to find somewhere new to rent for now. Now I don't want to rent long term, I want another home for my children and that won't be in…
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Fixed running out - when apply for new mortgage?
Hi We are on a fixed rate mortgage which runs out in August. Any advice on how soon we should start the process of applying for a new fixed mortgage. Can you apply in advance and effectively hold the mortgage offer if you have seen a deal that interests you? We are looking for another 5 year (ish) fixed and need to borrow…
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Life time mortgage?
Situation: We are retired, no debts, own our current house and have more than enough investments and pensions to guarantee that we can maintain our standard of living for the rest of our days. We have no dependents nor anyone else with an expectation of receiving a large inheritance. Objective: To depart this earth with…
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Case for mortgage mis-selling?
Firstly this is my first post - so hello. Apologies if my question is covered elsewhere on the site. I have looked, but to no avail - hence my post. Hoping someone can help / point me in the right direction. :) Basically, I'm investigating on behalf of my parents whether or not they have a case in mortgage mis-selling.…
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Joint mortgage with one permanent/one temporary job
Hi all, first post here. Myself and my wife are looking to get on the property ladder. I am in a permanent role on 18k a year and my partner is currently on 15k (with 9 months remaining on the contract). We are looking at a range of between 125k - 170k value house with a 5-10% deposit. I think I know the answer but; Would…
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Confused about the rate I am paying
Hello all I was wondering if someone could offer me some advice as I can't call the bank until tomorrow Was having a chat with a freind about our mortgages n she daughter she is paying 6hundred and something with Santander - herfixed rate had finished n now she is on SVR I am also with Santander n on the SVR but i pay over…
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When is best time to pay extra money into mortgage?
Hi. I want to pay a single yearly overpayment into my mortgage, and was wondering when would be the best time to pay it in the year? My mortgage started at 28th Dec last year. Many thanks.
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Deposit on exchange
First time buyer here so noob question alert! We are buying a house for 110,000 with 40,000 as a deposit and 70,000 mortgage. We recieved some papers from our solicitor to sign, one of which asks: (my responses in red) Purchase price agreed: 110000 Amount already paid: 0 Amount available for use as a deposit on exchange:…
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Mortgage Application
Hi I'm currently in the process of applying for a mortgage. Back in Dec 2010, so 15 months ago I inherited a flat which is rented out long term to a housing association. Will banks allow me to include this as income? I read somewhere that the norm is for the income to be on 2 years tax returns. If I were to submit my tax…
