-
Mortgage query
Hi all We have a crazy dream that we would like to fulfil but in order to do so we would need to move to the other side of the country. We would prefer to buy and sell simultaneously to port the old mortgage and avoid the hefty redemption penalty. We would be able to get similar jobs in our new area and ideally wouldn't…
-
can I get a Right-to-Buy UK mortgage if I live abroad?
I´m currently living abroad but retain an option on a Right-to-Buy property in Scotland, on which I could have a highly-discounted valuation. However, it appears that few high street lenders or even independent brokers will deal with such a case. Will I have to give up?
-
Fixed or Tracker. No brainer or not ?????
First direct are doing a five year fixed rate (LTV65%) for 2.89% with a £1495 fee. They are also doing a Life time tracker (LTV65%) for 2.19% (1.69% + bank of England rate. Am I right in thinking the fixed rate is a no brainer as interest rates would only need to be raised by 1.20% for the Tracker to be the same rate as…
-
Pay off mortgage or leave small balance?
Mortgage is getting close to being paid off over the next few months (due to overpayments, the actual term has several years still to run), but we may need additional mortgage in the future if we decide to move house. I am not sure if it is best for us to stop overpayments when the balance gets very low and keep a small…
-
Are mortgages with higher interest rates more likely to be approved?
Hello, I wanted to know if some banks had a much more stricter lending criteria than others, especially the ones with lower interest rates. I am a self-employed first time buyer with a LTV of 90% and considering taking a fixed 5 year mortgage. I am looking at the following two: Post Office - 5 year fixed 5.25% Santander -…
-
Remortgage and direct debits
Hi all I hope this is in the right place, we are remortgaging and we have a completion date of 30 September 2014 :T However our current mortgage DD is due to go out on the 1st October. If all completes (shouldn't be any reason why it won't but you never know) then the mortgage won't exist on 1st but is this enough time for…
-
Help after repossession
Hi guys, I was wondering if anybody could help me with our issue. Our property got repossessed a few months ago we are currently making a complaint to the omburdsman about various issues as what let to this was in our opinion the mortgage company violating the business principles and if they were operating according to the…
-
Confussed - Fix or Offset
It is time to remortgage and I have come into some money but do not want to pay this off my mortgage as may need to access at a later date. I am looking at either a Fix rate with Woolwich 1.94% 2yr Fix over 20 yrs on £140000 fees £499 or an Offset with Coventry 2.19%2 yr Fix over 20yrs on £140000 fees £999 and offsetting…
-
First time buyers - fix at 2 or 5 yrs?
Hi there. We're first time buyers with a LTV of 85%. Considering fixing at 2 years for 2.99% or alternatively 5 years at 3.99%. We could overpay on the 2 year more comfortably. What are people's thoughts?
-
Contribute more towards first mortgage or buy 2nd property?
Current savings * 20k in ISA (at ~2%) * 20k+ in current account (Santander 123 3%) * 2k saving per month starting Sept ’14 – after all expenses - mortgage/food/savings account (if I don’t get fired, chances are less) * 10k bonus expected in Feb ’15 (if I don’t get fired, chances are less) I have 140k left to pay for my…
-
high rise mortgage
Hello Can anybody know of any brokers that deal mortgages for council tenants in High rise buildings? I am a council tenant with RTB but am becoming frustrated trying to secure a mortgage on my flat as I am outside the criteria of most high street lenders. The main problems are I'm on the 10th floor of 20, the construction…
-
Halifax mortgage interview tomorrow.
I have a house in Cornwall which was left to my sister and I when my grand died in 2000. The property was never registered and we recently got it registered in my sole name using form AS1. It was registered on 9 September 2014. Now I am looking to raise capital from that property using buy to let re-mortgage as its…
-
Changing jobs a few months before applying
Hi all, Bit of a strange one but I am considering changing jobs after 9 months in the current one (18 in previous and 48 in the one before that) Nothing serious but it's lacking the drive/development that was initially provided in the role etc. At the same time, the other half is due to be a fully qualified solicitor at…
-
HSBC Remortgage. When do I make my first repayment?
My HSBC remortgage goes live on 30 September. I am curently with the Leeds BS. I have elected to make my repayments to HSBC on 15th of each month. Does anyone know when I might expect have my first repayment debited? If it is the 15th will it be a smaller repayment just for the 15 days? The best case scenario would be…
-
Fixed Rate Mortgage Overpayment Limit Reset?
Used to have a fixed rate mortgage with Halifax on which I could make overpayments up to 10% of the outstanding loan, each year, without incurring early repayment fees. At first this was a rolling date, so they counted all overpayments made in the previous 12 months, at any point in time I wanted to make a payment. And…
-
Initial fees
Good afternoon, I am currently in the process of buying a property, when the mortgage broker took my details and inputted them Coventry BS gave an mortgage certificate to lend me £95,000 (£93,000 required) so I payed the initial fees of £199 and the process began. The mortgage surveyor went to the property and all was…
-
Natwest mortgage wait
I have put in a full application for a mortgage with natwest on 18/9. Got a text message to say they we're processing it and would hear in 5 working days. Gave them til today and still not heard so called them up. They are waiting on information from the mortgage advisor at the branch I applied at. Tried to calling her but…
-
Late payment effect on application-specifically for Help to Buy
Hi all My partner and I are hoping to apply for a 5% Help to Buy mortgage (mortgage guarantee option) early next year. We will have our deposit by end of November, and will start looking at properties in January. We are confident about the affordability, joint income is £37358 gross, and our only monthly committments are a…
-
Mortgage advice help?
Please bear with me as I havent posted on here in ages. We are in a fixed rate mortgage of £37000 @ 2.49% with Yorkshire bank until 30th June 2015 with 11 years left to run on it in total. We also have £25000 in a portfolio account which we get £100 a month paid into our current account. Now when our daughter got married…
-
Advantage of using a broker?
Currently considering a remortgage on a Shared Ownership basis and consulted a broker. Broker is going to charge me around £300. Deal is with a high street bank. What is the advantage of using the broker rather then going directly to the bank? Thanks, Michelle
