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Re-mortgaging BTL
Hi all, I am soon to be re-mortgaging. It was a residential property that I lived in, but now I am letting it out. I have been looking at buy to let mortgages and I am keen to keep my monthly repayments down. My broker recommended an interest only mortgage but I am a bit wary as then I need to pay off the full balance in…
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Mortgage as ex bankrupts?
I know there are a lot of these appearing on here but I'd like your advice on wether anyone has been able to secure a mortgage or brokers that know it would be achievable? We are both ex bankrupts, April 2008, 6 years has passed and there is no longer anything on our credit reports, both are clean with no late payments etc…
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House built in 4/50s....solicitor requesting indemnity insurance for 1920s title doc?
Hi all. Without going through all the details of the nightmare time I've had so far with mortgage advisors etc, basically we're buying a house, a few houses away from where we currently rent, on what was originally thought to have been a fairly quick sale as First Time Buyers. As its local to us, we kind of know the…
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School fees - mortgage
We are planning to put our children through private school. Child 1 from 2015 for 7 years - at least £80k Child 2 from 2018 for 7 years - at least £80k. We will partly fund this from income (joint income of £75k pa at present) but will need to borrow to fund the rest of it. We live in a house valued at £400k but only owe…
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Completion Statement
Hi all, I am on the final straight of my house purchase (I pray!!) after nearly five months of stress. I received my completion statement last week and it states 'net advance received from Bank of Scotland', as well as all the other costs incurred in the purchase. At the bottom it states amount required by me to complete.…
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Confused about interest rate rises
Hi I have three yeArs left on my fixed rate 5.9% if rates go up in three years as it says on the news how much more will I have to pay ? Will I be able to get another deal . I worried about a huge raise in repayments thankyou
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5yr fixed and rates have gone down - can I claim compensation?
I took out a 5yr fixed rate via broker 5yrs ago but as rates have been low during that time, I feel I have lost out and wonder if I can claim back the difference with a complaint?
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Household income - how is it looked at if individual incomes differ?
Hi All, We are still at least 1 1/2 years off until we are hopefully in a position to have a large enough deposit but something just crossed my mind. Say you've got two married couples applying for mortgages. Both have a household income of £65k. In one, it's one partner earning £20k and the other £45k, in the other it's…
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Mortgages and Defaults
Hey there My other half and I are looking to get a mortgage. He will have a good deposit of about £115k when he sells his flat and we were hoping to base the new mortgage on his income alone to get us up to £250k for a new place. He earns just over £22k a year (but has commission and overtime on top up to £30k) had no…
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Change Job/Probation mortgage application Nationwide
Hi Everyone me and my partner recently got a decision in principle through our broker, we will be putting a full application in next week. i.e wanted to get full month of June statement. The lender is with Nationwide Building Society for fixed term 5 yr. On Friday my partner got a good job offer higher pay by 3k and…
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Self Employed Mortgage
I am employed but my husband is self employed. i think lenders now need to see 3 years worth of SA302s [please correct me if this is wrong]. Our issue is that whilst he has been self employed in the construction trade for many years he was in fact employed for a one year period during the last 3 years so he will have a p60…
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Please help !! Probably broker needed , arrangement fee waiver ?
Hi I've posted a few times but for this I really need help with I took out a mortgage in 2009 for my old house went through a broker ( mortgage advise bureau) at the time I used there legal and general for life insurance or protection can't quite remember now but was paying by direct debit , .. Forward to now Sold this…
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2 year or 5 year fixed?
So we're looking at a house and we can decide between a 2 year or 5 year fixed. The 5 year works out at about £100 more a month than the 2 year fixed. The money isn't an issue, we're just stuck between 2 or 5. With the 2 year one, we could essentially "save" ourselves £2,400 if the interest rates don't rise, however we…
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Unusual first mortgage situation - advice needed
Hello This is a fairly unusual situation that I hoped some people may be able to help with. Grateful for any advice you can give. I am the much younger half of a couple - my partner of 15 years has owned his own home for some time in which I live and contribute towards running costs. However, worried that I may lose the…
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AIP and late mail order payments.
Hi first post here and just after a little advise. Me and my wife have an AIP with Natwest via our mortgage broker and have now had an offer accepted on a house so ready to make the full application. Today I thought I would check my credit reports with equifax and experian and due to my naivety I have made 8 late payments…
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HSBC doesn't want to Lend?
Today I went to renew my decision in principle and I found out that HSBC was willing to lend me 58000. It was a shock for me as I approached them three months ago. I could borrow 234000 pounds from them. It was very annoying as I could see that they offer quite low rate of 2.19 for the 2 year fixed rate mortgage.…
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Does overpaying affect monthly payments?
(Sorry about the confusion with a previous thread - this is the question I actually intended to ask!) When you overpay on your mortgage, what happens to your monthly payments? Do they get recalculated to a lower number such that you will finish your mortgage at the same time, or do they remain constant, and you just finish…
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Mortgage advice Skipton
Hi, I am after some advice. Me & my wife have a mortgage with ING direct (soon to be Barclays direct), our current deal 3.99% fixed rate expires 30/9/14. Our current payments are £546 a month. LTV of 70% with 15 years left. House value £105000, amount owed £73500. Having spoken to L&C brokers the best the they could find…
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Does remortgaging affect monthly payments?
What happens when you remortgage -- does your monthly payment get recalculated such that you'll still pay off over the same term, or do you still pay the same amount each month, but end up paying off more quickly?
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Mortgage and savings - what to do.
First post, so please go easy on me 😉 I have an "all in one" offset mortgage with The one account and am currently in the fortunate position of being about £24k ahead of my plan. Effectively that's my savings, if I needed to spend £20k on something I can dip into the plan and still remain ahead of where. Need to be. I…
