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No Mortgage - Good or Bad?
By selling our two respective properties we can realise equity of £700,000. Does it make sense to be mortgage free?
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No permanent job can I get mortagage?
Hi, We are planning to buy a house but are worried we will not get mortgage approved. The main issue is none of us have permanent jobs. My husband has been working for investment bank for nearly 5 years now and is on rolling temporary position. I’ve recently changed job as of May this year and is one year maternity…
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Mortgage Overpayment - Silly Question
Hi, New to the forum as I have a question about mortgages that I cannot find an answer to online or on this site. I think that is partly because I’m dreaming up that this will work as if it did I’m sure it would not be allowed. It’s all about LTV’s and overpayment. As an example if you have a mortgage amount balance of…
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mortgage after state retirement age
Hi all First time posting on here. We remortgaged a number of years ago, due mainly to our endowment not being sufficient to complete our mortgage we are with the A & L . This mortgage does not complete until 3 years (i think) after my husbands state pensionable age of 65. Does anyone know if this might be a case of…
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Mortgage Application with Barclays
Hi I'm panicking a bit, so need some advise from any brokers with experience applying for mortgages with Barclays. My partner and I applied for a mortgage with Barclays last week. We haven't heard back yet but we've been told there is a backlog and a delay due to the bank holiday. Credit searches have been logged on both…
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Paying off a mortgage in full
I am due to inherit some money from my late father's estate and I plan to use the majority of it to pay off the mortgage I have on my shared ownership property. It would appear that at the beginning of a mortgage term, most of what you pay in your monthly repayments is interest and the proportion of capital gradually…
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Remortgaging options - are there any for us?
We have a mortgage (consisting of 4 products, now all bog standard SVR) of £128k with NatWest. It's hard to establish the value of our home, but most sites suggest it's in the region of £135 - £150k. We have a few dings on our credit record (we're in a DMP, with c. £8k loan & credit card being paid off at a rate of £400…
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Will I have a problem getting a new mortgage, when other place is in negative equity?
I have a Shared Ownership flat in Manchester, and am in negative equity. I own 50% of the flat, which I think is worth about 45-50K. I still have about 70K to pay on the mortgage. In the meantime, over the last few years I've been making good money contracting in London and am managing to save quite a bit (for the first…
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Halifax letter - change the way they manage your mortgage
I received a letter from the Halifax Bank in August informing me that they were going to change the way they manage my mortgage. Most of it I understood, but one part did make me sit up and pay attention, and this was the question 9 on the FAQ page entitled: 'My mortgage is calculated on an annual interest basis. Will this…
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Expat Mortgage Query
I understand from looking around that expat Mortgages are generally limited to 75% LTV (with only other specific circumstances where you are allowed a Mortgage with a higher LTV). Does anyone here know if you applied for a joint Mortgage - with one person resident in the UK and the other being an expat - if this limitation…
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santander svr increase
Help i have a SVR mortgage with santander who are increasing the rates from 4.24% to 4.74% on a £80,000 balance, which will mean a payment increase of approx £25 per month, however we are planning on paying off the mortgage next sept is it worth switching if so what to. ?
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missold endowment
Hope someone can help as I am really puzzled as to what to do. 23 years ago my ex-husband was sold an endowment and I have only just found some information which shows this was mis-sold. I have created a claim on Which's form letter, however it says to send it to the company which employed the person who sold it. I had…
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Am I considered first time buyer?
Bit of a long story but I will try and keep it short. I was a student when my fianc! and I bought our first house. The house we got was on his mortgage alone and we put in about £11,000 as a deposit. We got this deal from Bovis and when we sell we owe them 25% of sold price, as we got a mortgage for 75%. We are now looking…
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Remortgage to raise capital for a renovation project
We are looking to buy a property for renovation, purchase price £200k. We have done a bit of research and believe that the property is not mortgagable in its own right as it has no bathroom. We have £80k in savings and we own another property worth c.£180k, which we currently live in. The other property has no mortgage. We…
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Mixed use mortgage
Is it possible to find a mixed use mortgage? I have found a property that is being sold due to going bankrupt. But 2 high street lenders won't assist because it has multi use. The property has a office/retail space first floor and the 2 floors above are residential. I don't want the shop space but it's catch 22 as I need…
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Interest Charged on First Mortgage Payment
Just wanted to clarify my understanding regarding the interest charged on the first mortgage payment. Scenario: * Completing on 1st September * Mortgage payment day 15th of the month, therefore first payment due on 15th October. * First payment will be normal principal repayment, normal one month interest plus the interest…
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Buy to let and new mortgage
Looking for some advice so very grateful in advance for anyone who can help! OH and I bought our home 7 years ago and have a mortgage with Halifax and are desperately trying to sell our house (as I'm 8 months pregnant). We have a mortgage promise with Halifax allowing us to borrow £272,000. Our current home is valued at…
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Changing mortgage payment day
Hi All, We would like to change the day in which our mortgage is taken from our account due to a change in our pay day. Anyone had any experience doing this? It's a Santander mortgage. Thanks!
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MSE News: Ditch your standard mortgage for a five-year fix?
"Millions of mortgage holders have been hit with a huge rise in repayments, while new deal costs are down ..." Read the full story: Ditch your standard mortgage for a five-year fix?
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Timescales
We did a full application with Halifax a week last Saturday. We've sent it (via fax) all requested documents and they've spoken to my employer to confirm the name on my payslip is infact me (I practice under my maiden name). Survey was last wednesday. We got these validation letters on Saturday so called to say we'd both…
