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Repay Interest Only or Repayment Part of Mortgage?
Hi, we have one mortgage account split into two parts, part is an interest only loan and part is a repayment loan. It is roughly 50:50 and both are on 1.99%. I have a lump sum of around 20% of the total loan that I want to use to make an early repayment (the penalties are relatively low). So here is my question, do I put…
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Fixed 5 year or 2 Help
Im really struggling to decide, the 2 year would save me £70.00pm as apposed to the 5 year. But im leaning towards the 5 year due to the speculated interest rates increase. If you where re-mortgaging WWYD?
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Mortgage offer about to expire, property change, do we have to re-apply?
After a bit of advice really, we had mortgage offer back in March for the first property. The vendor pulled out last month so the purchase fell through. We then just got an offer accepted on another property, however, the mortgage offer is about to expire in about 3 weeks' time. The new property is slightly more expensive,…
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Self-Employed Mortgage and Options
Hi all, Been a big fan of MSE for a long time but this is my first and probably most vital post on this forum, was wondering if you'd be able to help me with an ongoing issue with myself and a close friend obtaining a first-time mortgage. The situation is thus: myself and my friend have been saving for a mortgage for…
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Joint mortgage but 3 owners?
Hi, Looking for a little advise. My mom and her partner are wanting to buy a home, her partner has £80,000 cash to put in to a new home. If my partner and I wanted to go 50% on a new house with them as an investment by getting a mortgage for the other 50% , would we be able to get a joint mortgage, the 2 of us, and then…
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Soft searches
Which mortgage providers offer to carry out 'soft-searches'? Is this common, or do only a few niche lenders offer it? Thanks
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Share to buy
I am interested in using the share to buy scheme and I had a few questions: -Are all the legal fees the same as if I were buying a full share -Are things like maintenance, insurance etc entirely my responsibility or is this split to reflect the share of ownership -I have checked my credit rating with equifax and am in the…
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Additional borrowing
Been offered 13k additional onto my current mortgage ( need it for urgent home improvement) My current mortgage is 3.49 fixed till jan 16 The extra is 5.19 fixed till jan 16. Total cost of borrowing over the remainder is 23,216 In jan 16 can I put this together when remortgaging? Is this more sensible than a personal loan…
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bridging loan and mortgage in principle
Hi I would like some advice on my current house buying situation: House i want to buy is part timber frame with no kitchen and bathroom. I have a mortgage in principle to buy new house which is now rejected as wont give it as house has no kitchen and bathroom I dont think the timber frame issue is going to hold it back. I…
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Mortgage promise from 90% now 85%
Hi , first time posting but here goes . My partner and I decided it was time to take the next step on the property ladder Put our house on the market and sold it then went to MB and got a mortgage in principle at 90% , moved out our house in to a family members home till we found a new property . Now two week in to our…
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Fees
Hi Had an offer on a house accepted and have an appointment tomorrow to go through mortgage application. I am confident on affordability and the vast majority of houses in the area sold for more than what I have agreed to pay for this one. However being a nervous FTB I have got a very healthy buffer on top of the deposit -…
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Is this possible? Buy 2nd home - LTB or BTL?
I'm wondering whether this is possible and, if so, how it might be done: I (alone) have a 70% LTV residential mortgage on a flat. My partner and I would now like to buy a bigger place together - and it would be my partner's first mortgage - but I don't want to give up the flat. The flat is very rentable and rental income…
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Remortgaging with a DMP
Hi, We recently entered into a DMP with StepChange and we were wondering if this will prevent us from remortgaging. We know there is no chance we can change Mortgage provider, but we are currently on a Tracker rate and as we are expecting the Interest rates to go up sooner rather than later, what are the chances of our…
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London and Country Mortgages - Bad Service
Hi All Anyone else used them? I spoke to a broker who i won't name here and took my details regarding a remortgage offer. Asked i sent 3 months Wage slips copies which i have done, 7 days have past i have left numerous voicemails and email's and not one single reply. Each time i call London and Country Mortgages i explain…
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Recommend a Spanish Mortgage broker?
Hiya Can anyone recommend a Broker or a Service which can help on the process of purchasing a property in Spain? Thank you :)
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Porting RBS Mortgage to a new house but Wife Job has changed
Hi We are looking to move house and our current mortagage is on a standard Variable Rate at the moment which is very good for us as Its really quite low. The problem is the mortgage is in my wifes name and she has now changes jobs and looks after our children so I now paid all the bills. My question is if we wanted to move…
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Woolwich mortgage
Hi, Just after some quick opinions on the chances of this being approved with the woolwich for me and my wife. Deposit 240,000 Purchase price 477,000 Mortgage that will be applied for 237,000 LTV just under 50% Combimed salary 60k 2 kids but no childcare costs as work shifts so cover it between us. No loans, one credit…
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Buying second home
I own a house. I had to relocate due to a job change. I rented out my house and moved and renting elsewhere. My mortgage provider is aware that I have had to rent it out due to a job change and they are ok with it. I am now thinking of buying a house near my workplace . Would the bank provide a mortgage with a rate as if I…
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Post office lending criteria
Morning Just a quick question if anyone knows, they list on there website lending criteria as: No missed payments on mortgage/loans in 3 years- check all fine there No more than 2 consecutive late payments on credit cards/store cards in last 3 years- where would mobile phone contract go? Hubby has 2 missed payments in last…
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Natwest MiP, actual application and delinquent account.
Hi everyone, My partner and I have a mortgage in principle with Natwest. I have a delinquent account showing on my Experian credit file, with four missed payments from an online clothing company, totalling £113. I moved house and forgot to change my address with the retailer. The account was settled on 28.09.08 and from…
