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End of interest only mortgage
Hi All, A very uneducated question here but cant find the answer anywhere. I've been on a fixed term interest only mortgage for nearly 2 years now and it will be coming up to expiry. What happens next? I will need to remortgage, but as I have not been paying off the capital and because house prices in my area have risen…
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Self build help
Hi all, Me and my wife are currently renting but we are hoping to build our own home in the next 18 months. We have planning permission granted for a 2 storey house plus garage totalling 2750 sq ft. Our QS estimates it will cost about £175k to build. We have £15k deposit. We are hoping to use the site (1 acre) as the other…
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Aldermore offers going to completion
There seem to be a few now with offers, just wondering if anyone has completed painlessly? We're still waiting to exchange but after the performance in actually getting the offer and the time I'm still nervous that something's going to go wrong. Does anyone know if they do any other checks etc or any more likely obstacles…
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Halifax won't let us move off the variable rate
Dear all We have an interest-only mortgage with Halifax on our residential property. Took it out 12 years ago and as house prices have moved up a lot since then, LTV is under 60% now. Realistically we'll sell and downsize in 3-5 few years. Anyway according to the T&Cs, we can stay on their SVR for another 8 years, until…
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fixing for final 2 years
hi all,new to the site and was hoping for some advice. I have just finished a 5 year fixed mortgage rate and am now on a standard variable rate for my remaining term of 2 years, I contacted my provider (Santander) enquiring whether I could fix my remaining 2 years but they were unable to help, a quick search on some of the…
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Mortgage retention..
Hi all, FTB (being posting furiously over last few days as this buying malarky is all a mystery to me!). Currently in middle of mortgage process, valuation has been requested and lender has stated we need a damp and timber report and they will retain 3k from the mortgage until necessary work has been done. Hopefully the…
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Recommendation/ Suggestion of Mortgage Broker in Scotland
Can someone please recommend a mortgage broker in Scotland ( near a Glasgow all the better). Thanks in advance.
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target reached endowment, let it run?
My provider has just sent me a letter saying my endowment has reached its target a year early. Is it worth taking it now, saving £960 in monthly payments or leave it to mature accruing the full term benefits? Ta.
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N ram port
This mortgage question is being asked for a friend of mine. She has a mortgage with n ram at the moment House worth 95k Mortgage 75k Income 18k . She wants to move and port her mortgage to a house worth also 95k. She has 25k in the bank to take the mortgage down to 50k. Problem is she is 3 years discharged from bankruptcy.…
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Covenant on deeds?
Hello I posted on the House buying selling renting forum and was advised to also post here. Hubby and I bought our first house together so we are both listed on the mortgage. I gave up work to have the kids and we are now in the process of selling our joint home and buying a new one. However when applying for the 25yr…
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Best 5 year fixed please
Im after a 5 yr fixed rate mtg please to move house, details are: £82k deposit/equity from flat sale (sale at £190k) £330k purchase price £7k savings no debt or CC's (will be paid off this week) What are the better deals out there please? I currently owe £107k on Barclays fixed @ 2.99% with 3% ERC Many thanks in advance,…
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Platform (co-op) mortgages
Hi all Has anybody ever dealt with Platform before? Our broker is coming back to us that they're cheapest for us in a few different searches but I've never heard of them or heard anyone mention them before? Has anybody had any dealings with them and could advise on how fast they are and how good etc. Thanks a lot
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HSBC remortgage approved REALLY fast - what happened to MMR?
Confused, but happy. We moved house in Feb and got a mortgage with Santander. HSBC were 0.5% cheaper for the same product (lifetime tracker) but at the time my job was a fixed-term contract so HSBC wouldn't lend. Now being permanent and having been in the house for the minimum six months required, we applied to HSBC for a…
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Can we do this ourselves or definitely one for a broker?
Hi We are looking to arrange a mortgage on the house we currently live in that is owned by my husbands father. We expect the valuation to be in the region of £240k - £245k and will be purchasing it for £200k using the difference as a gifted deposit. We had initial conversations with a broker who was recommended to us and…
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Changing to BTL half way through contract
Hi all, I live in the UK, and I'm planning to move in with my girlfriend's house in Ireland very soon. But I currently have a 5-year mortgage deal which goes until Mar-2018. I was planning to change the mortgage to a BTL deal, but was wondering if I'm going to get stung by the charge for leaving the current mortgage deal…
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Am i stuck with interest only
I have just completed a debt management scheme during which time my mortgage has been int only 130,000 remains and im now in my 40's (just),my wife and i earn a reasonable amount but wondered what the best options might be,after bad financial advice we no longer trust banks to give honest opinions,i dont want to be paying…
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'Administration Review' search on noddle... What is this?
Hello guys! Our full mortgage was submitted on the 26/08/14 to the halifax through our broker and on the 29/08/14 a search appeared on my noddle credit report from the Halifax which states it is an 'administration review' Anyone know what this means? Thanks x
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Borrowing more, issue with house valuation
Hello, Does anyone knows how a house valuation is done while building work are carried on? We are in the middle of converting our 3 bed bungalow (originally 2 bed downstairs and a badly made third one upstairs) into a 5 bed bungalow. Unfortunately we had a lot of unplanned structural problems and we need to borrow 20k…
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Any chance of getting a mortgage?
Hi just looking for some advice on a first time mortgage. We have seen a house that we would like to buy which is on the market for £185,000. We have a 10k deposit, 3k is from savings and 7k from an interest free graduate package from my boyfriends work so would only have a 5% deposit. We have combined earnings of £45,800…
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Getting a mortgage with a default
Hi all, I have a default on my credit file from 2010 for £508 which I have been informed by the lender they are no longer chasing me for, however I would like to know if I will be able to apply for a mortgage without this affecting me. I have had a current account with HSBC for around 4 years now which has an overdraft…
