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Looking for a steer on which way to go
Hi Folks I’m after a bit of mortgage advice please. About 7 years ago I was in some serious financial trouble and re-mortgaged my house at the time to the maximum to pay off my debts. Since then I’ve been saving whilst paying interest-only on the mortgage and taking advantage of the low mortgage rate. My wife and I want…
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Does remortgaing usually require revaluing??
Hello all, does anyone know the answer to the folllowing. We are considering buying a house next to a takeaway (as I said in my previous thread) since trying to find a mortgage for the place we have discovered that such properties are not looked on favourably by lenders. At the moment the advice we have been given is the…
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downsizing
Hi , new to site and looking for some help, present house worth 150k mortgage owing £103 k 16 yr left £750 a month, would like to downsize to £95k house with a £20 k deposit? but pay it back over 10 year at around £750 a month. however i have unsecured debts of £20 k ,what is the best way to go about things? do i clear my…
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Help to buy
Hi. I was looking for some info re: help to buy schemes. I'm married and my husband jointly owns a property that his ex refuses to sell. Would I be able to apply for this scheme in my own right and in my own name, or would I be considered as a home owner too? Many thanks.
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Mortgage whilst living at home
Are there any issues with getting/paying a mortgage but living somewhere else the majority of the time? Maybe only staying in the new place a few times a week
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Remortgage to extend
I own a house outright but don't live in it at the moment as it is too small for our family - I rent! I have just had plans passed for a double storey extension and have cash to be able to build most of it but need a small mortgage to finish it off. Unfortunately I have been told that unless I live in the property this…
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Mortgage Rate
So i'm currently in the process of remortgaging and going to a new lender Nationwide via my FA. I agreed with my FA the rate/deal I wanted and things are in motion i.e survey done by Nationwide, for sent to Nationwide and questionnaire sent to conveyancing company. I'm just waiting for a offer from Nationwide. Checking…
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iva and equity release
hi in year 4 we have to try remortgage my question is prob wont be able too but will have approx 40k joint equity in house if extra 12 months added due to non remortgage how much monthly payments would we be expected to pay in lieu of equity we pay 160 per month to joint iva now and thats all we can afford thanks for…
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Home Equity v Mortgage Affordability
Hi - am hoping that somebody can help us out with some advice on the following. We own our house which is worth £150k and we have an outstanding balance on our existing mortgage of £60k. We have a secured loan with approx £4k outstanding balance but £43k of credit card (unsecured) debt. We have just spoken to our current…
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Mortgage discharged by mistake?
Hi everyone I am hoping for some clarity. Long story short, I've found out that the mortgage on my property was discharged by the bank last year. I have confirmed this with HM Land Registry and double checked it. This looks to be some sort of mistake on the banks part. My question is: Can I take advantage of this mistake…
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New build - survey valuation lower than asking/offer price
Hello We are in the process of buying a new build. The mortgage has been confirmd but being held up due to the survey valuation being lower than the asking/offer price (only £5k lower). Clearly the lender is not prepared to agree a mortgage for more than the house is currently worth. We were surprised to find ourselves in…
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survey and insurance
About to see our advisor, buying a 115k house and I guess he's going to try sell insurance while I'm there, and upsell insurance, but what do I need? Money is going to be quite tight so can't be without the insurance, but so many options, both myself and my wife work.
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Mortgage fees
I have been offered some different mortgage deals by a broker but am confused by the different fees involved. Is there any way round these? And why are they called different things? Valuation fee - is this another for the survey element? Arrangement fee / booking fee - how are these different?
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ID requirements - Post Office / BOI Mortgage
Hi All Quick question, I have recently sold my property and moved to my father's house whilst looking for a new property - 6 weeks ago. I have found and had an offer accepted on a new property and I am currently using a broker to obtain a mortgage with the Post Office (Bank of Ireland). When I have sent my Proof of Address…
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when can you apply for further credit, or start using credit card
we have had our mortgage finally go through, and should be all complete within a few days when solicitors request the money from my bank. we have sent our deposit to solicitor etc. my question is how soon you start using your credit card? I have nothing on their at the moment and we want to make a few purchases to treat…
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which is the best of these deals?
I am looking to do an online re-mortgage with barclays (woolwich) and the 2 deal I am interested in are as follows: 1. 2 year fixed @ 2.49% - £0 fee - 3% balance early redemption - £343 a month 2. 2 year tracker @ 1.49% - £999 fee - no early redemption penalty - £310 a month I like the idea of not having a redemption…
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FTB newbie mortgage interest question!
Hi all, have been comparing different mortgages within my reach online this week but I don't understand everything as much as I need to. Take Barclays for example. I was looking at 5 year fixed rate (repayment) mortgages with them- they offer an 'initial interest rate' of 2.89%... Does that mean the interest would be fixed…
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Remortgage advice
Hi, So we have been told lenders won't touch us with a barge pole re remortgaging. Current situation, mortgage £188k, property £350k, wife earns £45k plus £15k bonus, been in job 8 years. My situation, work on contract, not worked for 2 months, about to start another 6 months contract. Average earnings over last 3 years…
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claiming your Mortgage arrangement fees
I was cold called today by a company called C and G financial (claim and Gain). The told me that my mortgage arrangement fees that were added to my initial mortgage (£995) had been included in the mortgage interest payments over the life of the mortgage. They said that this was wrong and I was entitled to claim the money…
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Cynical consent to let rule changes?
Afternoon All, I'm trying to get a second period of consent to let from HSBC but have been told that it may not be granted without changing my mortgage to a BTL - which might actually make the whole letting exercise pointless since all I want to do is cover my costs. I'm not a landlord with a "portfolio" of properties, I…
