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Issues switching to new deal on Halifax mortgage
Dear all, please can you advise whether you think I have a case to take this further. On 22nd May 2014 I applied online to switch my mortgage from the SVR to a new two year fixed rate. I have been with Halifax for 7 years now, 5 of which I have stayed on SVR. I have no arrears and everything is perfect with my account. The…
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Mortgage with OH as foreign national
Hi, I am looking to get a new mortgage soon, and wondered if anyone else has got a joint mortgage with a foreign national. My wife is on a spousal visa, so is are legally allowed to live and work here, however, I am concerned a lack of credit history (not bad, just not much to go on as she has only been here for less than…
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Mortgage: pay off student loan?
Hi My OH and I both have student loans (totalling ~£17k) and we pay a combined £200 a month on them. We graduated in 2006 so the current interest rate is 1.5% Anyway, using an example house price minus our deposit results in a mortgage payment + student loan payment of £1190 a month. If we were to pay off the loans (using…
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mortgage booking fee and LTV%
If I have 20% deposit for a house costing 200k, so I have 40k deposit. Then if I add the mortgage booking fee of £1000 to the mortgage, will I no longer have 20% deposit? I ask because this could affect the interest rate I can get?
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BTL/Second Mortgage - Is this Possible?
Good Evening All, I'm after some expert wisdom if you don't mind; Current Situation Possible BTL/Second Mortgage I'd like to know if this is at all feasible, whether to re-mortgage to 65% on the current property and then take out a second/BTL mortgage. Any advice & assistance would be greatly appreciated. Cheers,
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mortgage declined due to credit report, help!
Hi all, long winded but here goes, I currently have a 25k mortgage, all up to date, also have 1 cc with 600 and 1 cc with 1200, and a loan of 7500 paying 137 a month on a combined wage of approx 33000 and savings of 12k. went today to halifax asking for a 76k mortgage for a house worth 80k, we wanted a 95 percent mortgage…
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Split with partner i would love to keep house....mortgage questions
Hi guys I have recently split with my partner, we have a house and joint mortgage. Basically she would like 30k to "buy her out". Putting this amount on top of the current mortgage would really stretch my income but I think I can do it....the question is will my lender ( santander ) look into how much savings I have ( not…
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I apologise for this....I should know this
I work in property:o But it is 13 years since I bought a house ;) I have had my offer accepted Had my mortgage approved Got my survey back. I knew that the house would need central heating fitted and I suspected it was likely to have asbestos somewhere. It also has damp but isolated and easily sorted. The survey has…
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Personal or company BTL mortgage?
Hi, I have a bit of a challenge and need some advice.. I'm a Director in two small businesses. One has a healthy balance and the other doesn't. For many reasons we plan to close the cash rich business and share the reserves in it jointly between the Directors. I plan to put my share into another business, which I…
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DLA towards income ?
Hi just wondering if child's DLA is taken into account towards income for mortgage ? , and if so is it all considered or just part ?
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Offset Mortgage Help
Folks, I have 27500 remaining on my mortgage with a rate of 2.15% with HSBC. The question is would I be able to pay more off my mortgage if I changed to a offset deal. I have about 12k that would be able to use. Any advice greatly welcome.
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Newbie mortgage help needed
Hi all I am newbie with little financial knowledge so please be patient with me ok here goes.... I currently have a house purchased from my local council as a right to buy I am four years in so 1 year left on the councils 2nd charge. I do not wish to sell the house but change it to a buy to let due to a house we really…
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L&C act in my best interest?
Hi Quick question about L&C... I understand they are 'fee-free' so presume they get their commission from the mortgage company. However if they do so, aren't they liable to 'recommend' a mortgage that gives them the best commission? Or are they not allowed to do that? Thanks
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Self Employed Mortgage Advice
Hello! I've lurked in the wings for a while but this is my first 'proper' post so please be kind! The situation is this: I'm self employed (two years books by a certified accountant showing profit Year 1 and increased profit Year 2). I have one 'core' customer who I'm contracted to on an annual rolling basis and also have…
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What would you do with these mortgage options in my situation?
Hi, I'm looking for some advice. I need a large mortgage (90%) LTV and am tempted to go for a 5 year fixed at 4.79%, partly because I don't want to get affected by any interest rate rises, and partly as it means I know how much I'll be paying each month. However, the monthly payment is a lot for 5 years. The other option…
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HSBC - use Countrywide for a re-mortgage, or not?
We're going to move our mortgage from Santander to HSBC. I've heard the horror stories about Countrywide and wouldn't dream of using them during a house purchase. However, is it safe to use them for a remortgage? Does the quality of the solicitor matter that much for remortgaging? We already know the house is sound - we…
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Mis sold pension mortgage?!
I am every new to this and this is my first ever posting.... Wondering if there is anyone out their who could help. We took out a pension mortgage in 1990, which is due to finish next year. I know I've left this rather late, but having done a bit of digging and I'm somewhat confused. The mortgage was agreed with a life…
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Mortgage Valuation - advice please
I’m currently in the process of switching product with my current lender. I am on Stnd Variable but wish to Fix for 4 years. We have owned the property for just over 3 years and it was valued at £320k when I bought it. Due to the reduction in mortgage balance and expected increase in value I did think I could now dip into…
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Can you remortgage without a mortgage?
I own my house without a mortgage. I was planning on moving but now want to stay and do home improvements. I would like to use the money that was going to be used on the mortgage. A) Can I do this? b) What would it be called? (is it a re-mortgage if no current mortgage) I still want the 25 year period.:o
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First Direct application
Hi, anyone with recent experience with First Direct and MMR? Thanks
