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confused/worried!
We have recently reserved a house after spending a few days getting everything prganised. We are first time buyers and there's no chain. My hours are increasing from April which means I'll have a £7k increase per annum. My employer (DWP) cannot disclose my new salary but I do have a signed headed letter disclosing the…
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Are Santander misleading?
I am getting close to a fix ending and was scouring the market and decided to start with my current lender (santander). Online, they offered an 85% ltv 2 year fix for 3.49% plus fees. When I rang up as an existing customer, they offered 1% higher stating that the web rate was a headline rate. Now I am hoping someone from…
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Overpayments or reduce term?
Hi, I currently have a fixed rate mortgage with Santander which ends in May. My current rate is 3.35%. In May I will owe 64,035 and my LTV is 37% (house value=175000. I've been deliberating whether to reduce my term or to make regular overpayments (£70 a month). Any advice please.
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Agreed Overdraft Use - Underwriting
I have a DIP with Nationwide for a new build and will be submitting full application in next 5/6 weeks once I have a more accurate date for builders completion. I also have a £400 agreed overdraft with Nationwide which I occasionally (partially) use but always clear immediately when my salary is paid in and have never…
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Extending interest only Mortgage
My friend has a interest only mortgage with C&G which ends next year when he turns 65. However he would like to extend it for another 4/5 years. He has an investment portfolio to pay off the mortgage but is likely to have a shortfall of £6/7K. Hence he would like to continue with the his investment in the hope that it will…
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French residing in France to remortgage in the UK
Hello there, I am trapped. I have a shared onwership in the UK and want to remortgage to 100% from France . I have succeded in having the authorisation to rent the house for now but will need to request so each year. I have found a UK broker that has lenders but she confirmed they would only deal with UK expat. I have been…
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Nationwide - Shifting the goalposts
We going through the process of getting a mortgage through Nationwide, via a broker. When we applied I showed evidence that I earn an extra £9000 a year on my basic through permanent overtime, but the broker based the application on my basic plus my wifes basic, which he said we could afford. This was at the start of…
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LTV calculation
Apologies if this question has been asked before but I couldn't find an answer during the search. Here's the scenario: - Assume that I buy a property for £100,000 and take an 80% mortgage fixed for 3 years. - 3 years down the line my property's market value goes up and it is valued at £200,000, for the purposes of this…
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End of fixed term
Hi all, At the end of a Fixed term how would you move onto another fixed term deal? If for instance you wanted to stay with the same lender would you be able to move onto a new fixed term deal without remortgaging? Do they go through the whole credit check and documentation process again? Cheers
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Carry on paying endowment after mortgage repaid early?
I'm in the enviable position of having paid off my endowment mortgage 8 years early but don't know whether it's worth carrying on with the endownment payments until it matures in 8 years time, or would I be better off cashing it in and investing the money elsewhere?
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Mortgage First Time Buyer
Good Afternoon, I am new to posting to this thread, so I apologies in advance if any of these questions sound silly. Me (25) and my girlfriend (25) have just had an AIP with Santander agreed. But I am worried about my credit rating and what factors the lender will use and if we are going to get rejected when the full…
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Quick question
Sorry to sound silly but.. We have a 2 year fixed mortgage which ends in April with Halifax. What happens then? Paperwork says we switch to SVR (which is actually a lot cheaper according to paperwork). Does this involve any credit checks? Never been in this position before as we sold our last house whilst still in a fixed…
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Good rate .. ?
What is currently a good rate .. ? Mine is 6.29% For a first time with 10% depo was best I could get. Is that good or not (probably should of asked BEFORE I got the mortgage haha) xx
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Any advice appreciated.
nram -together mortgage £9000 overpayment on unsecured loan Need to borrow back £3000 Told no as it is on the unsecured side of mortgage. Was advised in sept it would be possible. After my account has been referred to management and checked they have come back and still say no. I have launched a complaint but wondered if…
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joint mortgage looking to convert to sole
Hi, I bought a flat in June last year. My ex is named on the mortgage and the title deeds but he didn't contribute any money to the flat. Downpayment, purchase costs, mortgage payments, improvenments were all covered by me 100%. We did a trust deed that specifies all these things and states unequal shares of ownership…
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joing mortgage looking to convert to sole
Hi, I bought a flat in June last year. My ex is named on the mortgage and the title deeds but he didn't contribute any money to the flat. Downpayment, purchase costs, mortgage payments, improvenments were all covered by me 100%. We did a trust deed that specifies all these things and states unequal shares of ownership…
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Should/Can i remortgage + Are offsets as good as they say
Hello all Looking for advice on whether i should/can remortgage or not. My fixed rate ended a year ago and i'm sat on the Natwest SVR of 4%, i've look a few times at new fixed rate deals etc, but with the product fees, valuation fees and so on, it's never seemed worth moving, even within natwest. Due to a recent…
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mutty2
I have a friend who missed a payment on her endowment part of her mortgage years ago, she was not contacted to remind her or tell her it had been missed, the next thing she knew it had been withdrawn and now she is still paying her mortgage which will never end because she has no endowment to cover it, can she do anything?
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Stuck with mortgage provider
Hi It seems that im stuck with my current mortgage provider and theres nothing they can do to help me. I came out of a 5yr fixed (interest only too) about 18 months ago now, ever since that point they have said there has been no products available to me. I reverted onto their SVR and moved to full repayment. I called them…
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Is this possible with NRAM or anyone for that matter?
Hi, We're in the process of selling our property for 72k, we've got 76k morgage of 4k negative equity. We've had the mortgage for 7 years. We spoke with a mortgage adviser yesterday and he said they'll prob say no but it's worth ringing NRAM to try and come to a deal over the 4k negative equity, saying we can't sell as…
