-
Fees for remortgaging
My fixed rate with Nationwide is coming to an end towards the end of the year (end of Oct) and because its an old mortgage I would be moved onto their BMR. However we would like to make some home improvements and after getting some quotes figure we need to borrow an extra £10,000. Originally my plan was to leave my…
-
Getting away from Interest Only
Hi All, after a bit of advice. Bought house about 8 years ago for £133,000. Price hasn't change much since. Mortgage is interest only with NRAM(formally Northern Rock). I really want to start actually repaying the house and have reached a point where I have a bit more monthly disposable income plus £8000 saved up. Spoke to…
-
Mortgage Brokers
So I've just had my mortgage turned down and not sure if I want to keep using the estate agents broker to find me a mortgage for the house I have on offer. The seller's house fell through so she's been out looking for the past month whilst I'm hanging around waiting. If I was to stick with him, does that mean I'm committed…
-
General rate fixing advice required
Hi, First time on this forum. Just looking for someone who knows there way round this area to give this a quick once over in case I am missing any tricks. My current fixed rate deal on my interest only loan of £79,500 is due to run out on August 3rd this year. I also have a repayment loan of £9,500 (correct on Dec 31st…
-
Please delete thread
Please delete thread.
-
First time buyer - fixed mortgages - 2 years or 5 years?
Hi I am a first time buyer and I have been accepted for a 5year fixed mortgage at a 3.89 interest rate. However, I am also able to swap this to a 2 year mortgage with an interest rate of 3.29. I simply cannot decide whether it is better to go for a smaller interest rate for the next two years or a slightly higher rate with…
-
Two Bank Accounts
I maybe applying for a mortgage in the coming months. My question is, I have two current accounts. One with Lloyds and a new one with Halifax. I also have a few savings accounts. Should i look to close my Lloyds one down, does it really matter ? Thank you
-
Is there a best time to apply for a mortgage?
I was just wondering if there's a best time to apply for mortgage to increase chances of acceptance? Obviously it depends on your credit file and individual circumstances but like do banks set out funding for mortgages in a way that have a certain amount of funds for that month/week that they will release for applicants.…
-
Santander mortgage porting
May be a silly question and I am perhaps worrying about nothing but any information from people who have been through this would be appreciated. We applied to port our existing Santander mortgage and borrow an additional £65000 through the mortgage advisor in branch at the beginning of April, filled in all the paper work…
-
Contractor in Scotland- problems getting a mortgage?
My husband is an IT contractor. He has been contracting for 4 years. He has only been out of work for the odd month here and there. He does have his own company from which he pays his pension and then pays himself a salary and dividends. We are looking into applying for a mortgage. Is the fact that he is a contractor a…
-
It's complicated!
Ok here goes would like to know if anyone has any experience of this or thinks its possible. Me and parter both earn about 25k a year. I have house I own bought for £110k 5 years ago mortgage currently at £81k property has been rented out for 2 years now for £600 when the mortgage is only £340. House we live in is my…
-
Declined by Halifax
I currently rent my house from a company which is owned by a relative, I have however been made an offer by the company to buy the house at somewhere between 70 & 80% of current value (still to finalise exact figures) I have only just got my record clean again after a rather messy split a few years back and would jump at…
-
Buy To Let Versus Residential
I've just had my application turned down by Santander for a residential mortgage for a number of reasons they said first they were not convinced I was going to live in the 1 bed flat and that I would use it as a buy to let because of my existing buy to let portfolio and because I have kids so a 1 bed would be too small and…
-
End of fixed term mortgage, now what?
Mortgage question for the experts, my 2 year fixed rate thing will be ending next month, should I do anything? As I understand it I move onto the SVR, the Halifax SVR is 3.99% which I'm almost certain is lower than my current rate (off hand it is around 4.6%). If it is lower should I leave it or do some sort of switching…
-
Is this achievable?
Is £170000 really achievable in our circumstances?
-
halifax mortgage question
In the process of applying for a halifax mortage with the help to buy scheme, ive supplied broker all info requested, and AIP given, ive been told that halifax want £430 for the valuation, which the developer is paying me back on completion, which has been paid and they are doing the valuation thursday, if all goes well…
-
What mortgage report (Transfer of equity not buy/sell)
As title really - What is a mortgage report as i am waiting for my solicitor to send me one and then once my ex signs its all done?! HELP!
-
Mortgage application declined - no recent credit history
Had a phone call from the broker today to say that Abbey had declined our mortgage application, because there is pretty much nothing on my credit history. I checked, and it's true, I had a credit card and an overdraft a few years ago which I cleared, but I've not had any credit arrangements for a few years - been spending…
-
Simple mortgage question!
This may seem simple to a lot of you but in the simplest possible terms: is it a good or terrible idea to buy £1k of white goods by adding it to the borrow on a potential new £100k mortgage? Why? I seem to be going round in circles thinking about it. Instinct tells me that I should be NOT be borrowing the money, and just…
-
Clydesdale Bank
The Yorkshire Bank have contacted me with a view to having my property re valued so as to see if I am viable to them, after being a customer of the Yorkshire Bank for some 20 odd years and repaid my first mortgage and re mortgaged in 2005 somewhat foolish, on reflection I made a fatal error of judgment as now I understand…
