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Help about interest only
Me and my husband are in our 60 s and the morgage ends in 9 yrs but we have no way of paying the £20000.00 left and really don't want to move . We did ask an adviser but could offer no help . The mortgage company wount discuss it until 2 yrs from the end which we will be to old to do anything about it . There will be lost…
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Mortgage Express consent to let - odd situation
Hello team, any swift help much appreciated! Got an unusual situation with a Mortgage Express mortgage: Flat worth £600,000. Mortgage is interest only, value of £300,000. Currently living in the flat, and paying £628 pcm (0.5% above base-rate), which is an amazing deal. I'd like to move (rent elsewhere) for work. Flat is…
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Temporary Interest Only
Can anyone offer any advice on approaching NRAM to make interest only payments for the next 1-2 months ? I have been a customer for many years with my current mortgage running for 12 years. My outstanding balance is around £138k and my house is probably worth at least £260k. Due to a job change and some totally unforeseen…
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Need to extend timeframe for Barclays (BTL) mortgage offer - is this possible?
I received a mortgage offer from Barclays on a BTL re-mortgage at the beginning of September. Unfortunately, in the week that the offer came in, a family member went into hospital and has recently passed away. This has meant I haven't been able to make any progress on my plans to find/purchase my own place to live (which…
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Bank/BS for 'existing customer' deals
I'm currently working down the list of banks and building societies offering regular savings accounts, with the aim of opening a few. Quite a number are institutions I've not dealt with before, especially various building societies, which causes me to wonder... are there any which are better at offering 'existing customer'…
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Please Help - Adverse Credit
Hi Everyone, I could really do with some help/advice as im new to all this mortgage stuff! Currently looking for a joint mortgage provider who will accept me and my partner. I have poor credit with an experian rate of 463 and my partner is brilliant experian with over 900. Ive had 3 cars on finance of my own which ive…
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Possible to obtain a mortgage..?
Hi all, So in 2010 I had to stop work for medical reasons, a result of this was not being able to sort out my finances, had some defaults all in 2010(about £6,000), been working again for almost 2 years, me and my current girlfriend want to buy a flat together. It would be about a 40k joint income application. I have like…
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Advice for first time buyers -borrowing too much?
Hi, Any advice anyone can give us would be greatly appreciated. Me and my boyfriend are looking to buy a flat we have seen - currently for sale at 220,000 but the agent suggested could get down to 215,000. We are both earning £21,000 in full time work and have a deposit of £20,000 saved (plus my dad is able to lend £1000…
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general process of acquiring a mortgage?
What's the general process of buying a house?
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Any mortgage advisors out there?
Good afternoon, I am hoping that someone will be able to help me? We are desperately wanting to move however with issues with out income and a poor credit score I am really not sure if we will be able to get a mortgage. We have been advised by the estate agent that we can sell our current property for around £160,000 we…
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Halifax credit checks before legal completion
Hi, Does anyone know just before the funds are leased if they do a further credit check? Applied for mortgage back in March 2014 with Halifax. We got an effor and accepted. 3 weeks ago Halifax did a further 3 credit checks on me and my wife, this shows on the credit file. Underwriter called broker up, asked a few questions…
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Mortgage or Sharesave?
Hi everyone. We've got a mortgage maths question and are wondering if anyone can work out the best way to channel our wages, or maybe show us how to work it out ourselves? Basically my girlfriend and I have started buying our house this year and we both work for the same company. We have the option to enter into a…
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How do Halifax calculate LTV when switching to a new deal?
Hi, I was wondering if someone knew the answer to this before I try getting in touch with Halifax? I have a mortgage with Halifax on their variable rate and want to go onto a fix. Their website lets me start doing this with little fuss as an existing customer. There's something unexpectedly good though: the website shows…
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Rate switch - which product to select?
Hi all, I'm currently on Barclays Lifetime tracker 3.79% and eligible to switch without ERC on Jan 1st. Remaining mortgage is £120k, Barclays mortgage advisor provided online valuation of £185,500, 65% LTV. 23 years left on the term. Currently looking at: 2 yr fix at 2.89%, no fee 2 yr tracker at 1.49%, £999 fee 5 yr fix…
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Mortgage Help - Bad Credit
Hi there, Firstly, this is my first post, so apologies if I leave anything out or if I do something wrong! I am looking for some advice please, I currently earn a good wage and can get a mortgage (using a mortgage calculator online) of up to about £355,000, though I would not want my first time buy to be more that 250k if…
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Best BTL rates!
I have £120000 MAX deposit to put on a property valued at £360000. Are there any lenders that will lend this amount which by my sums is around 66% of value? Most BTL that I can see only lend 60% LTV. The rental income would be around £1250/£1500 pcm. Looking possibly for a fixed term for just 2 years...then selling. Thanks…
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Santander mortgage fee from 2007
We've just received a letter from Santander asking us if we want to pay our mortgage fee from February 2007 when we took the mortgage out. We asked for the fee to be taken upfront - they say they didn't have systems in place but now have. We thought we paid it at the time - it's only 225 pound but we had it at the time -…
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Halifax mortgage payment holiday chances
Hi Never done this before but thinking of requesting a payment holiday on a mortgage we've had for three and a half years (just below 75% LTV). Does the bank do a credit check to confirm eligibility as well as checking LTV and the time you've had the mortgage/no missed payments etc? Many thanks
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Daily Interest Calculation
Just reviewing my latest mortgage statement and I think the interest calculation is incorrect. Before I challenge I'd like to clarify that the correct way to calculate the daily rate is as follows; Annual rate ^ (1/365) In my case 2.59% annual rate this gives; 1.0259^(1/365)=1.000070058 (0.0070058%) However on my statement…
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First Time Buyer, Offset & NISA ?
Hello, I have put off buying property for years, I'm now in my mid 40's and decided that it is time I planted some routes somewhere. I admit to being not totally clear on mortgages even though I've had a bit of a read around the subject. I am trying to figure out if an offset mortgage is for me :o I have some savings in…
