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How to borrow flexibly?
Hi everyone Please accept my apologies if this is the incorrect place for such a post. I need some general advice. I have requested a call back from a mortgage broker but just need some advice as I'm confusing myself. Here's the situation: House value 140k Current mortgage 95k Monthly payment £700 Savings 2k We have…
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Can't get consent to let from Yorkshire bank
I bought my first house six months ago with full intent to make it my home for the next few years. Since buying the house I met my current partner who also owns a house. The plan was to move into her house and rent mine out. However my mortgage is with Yorkshire bank who do not give consent to let. I only have 90% LTV so…
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Buy to Let question.
Hi, We had to move home due to our child's school and have rented out our home and we are currently renting. Our mortgage is currently with Nationwide (3.99 SVR) who have given us consent to let for a year but with a clause that they will increase the interest rate by 1.5% after the initial 6 months. We want to retain the…
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Shared Ownership - Remortgaging when my 2 year Santander Mortgage runs out...
Hi there.... So...2 years ago I started the Shared Ownership process and signed up for a Santander Mortgage on the 25% of the flat that I'm in. In June it'll be the end of the 2 years since I signed the paperwork....so It hink I need to get a new mortgage?! (I'm genuinely clueless on this one...) Please can anyone give me…
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Mortgage in principle moron - too many searches
So I've massively messed up on my mortgage search... Last weekend I approached four lenders online for a mortgage in principle (one I approached three times for different amount), which I have today found out are now listed on my credit history as a search. Call it first buyer naivety, I had no idea of the gravity of this…
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Payments don't add up
Can anyone tell me why when i enter my mortgage amount and current rate into mortgage calculators that they state i should be paying less than i actually am? Am i being ripped off by my mortgage provider? Many thanks
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Mortgage overpayment or Reduce Term?
Hello, I walked into my bank yesterday to make a £500 overpayment on this months mortgage. I try to do this every month but today the chap behind the counter asked 'why do overpay and reduce your monthly amount instead of reducing the length (term) of your mortgage?' This made me think about the difference between the two?…
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How much i can borrow confusion
Hi again ! So i have just done the nationwide how much you could borrow calculator and it is £6000 under what i need unless i extend the 25 years to 33 years.. I only want 25 years. I now do not want to do the DIP as they do a credit check and do not want any red marks against my credit record. Is the calculator only a…
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NRAM mortgage
Hi i read online in December that NRAM will be refunding customers with secured and unsecured loan and mortgage has anybody heard anything from them yet. Thank you
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Buying partner out of mortgage..please help
Hi, Me and my partner bought a house nearly 2 years ago. Unfortunately, we are now going separate ways and I'm thinking about buying her out. I'm a first time buyer and need help. I put down the deposit and she put the stamp duty towards the house and this has been written into our agreement so I am not worried about that.…
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Help to Buy and a deposit of over 5%
Hi All Myself and partner are looking at moving house and utilising the HTB scheme. However, we are looking at having a deposit of of around 15-20% of the purchase price. Would the HTB scheme still be available to us? Or would we have to put down 5% and no more? Thanks
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Interest Only & Equity Release Questions
I have an outstanding mortgage of £253000 with nearly 14 years to go with C&G,paying interest only for the last 5 years @ 2.5%, property is valued at £450000 My original plan was to sell and move to smaller property but now circumstances have changed and I have to stay in this property. I've had a brief telephone…
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Can I still get mortgage if unemployed
Hi there Iv always worked but went off sick and also separated from my husband, we have a house together, I eventually left my job as it's very pressurised, iv been looking for employment and I'm very confident I will get something soon, what I need to know is I have savings and would like to put a deposit down for…
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First time buyer credit history advice
Hi, I am looking at buying my first home, the house I am interested in costs £220k. I have £25k saved up for a deposit and I am eligible for the help to buy scheme which will give me a further 20% of the property (£44k) to add to the deposit, so in total £69k deposit. I work in the accounting/finance sector with an annual…
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mis-sold endowment policy
I have just received back a letter from "Friends Life" (formerly Friends Provident) saying that I have missed the deadline for making a claim against the mis-selling of an endowment mortgage policy. very precise letter saying they will not process my claim any further and if I wish to complain I can go to the financial…
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Remortgage & repay debts?
I am after some advice please. My mortgage rate is due for review at the beginning of April. My property is worth £210k and mortgage will be £98k outstanding. My partner and I have other debts of £35k and due to the high interest rates on the other debts we are considering remortgaging to pay everything off. We have no…
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What would you do
:money: I know noone can predict the interest rates but need a little advice I currently have our mortgage with the Nationwide or should I say mortgages !! Around 54k is in two loans at 2% over the base rate currently 2.5% for life of the mortgage. The over 10k is 2.89% until May 2017 then reverts to SMR currently 3.99%.…
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Remortgage or remain on A&L SVR
I have recently come to the end of a 5 year fix with A&L (Santander) and am paying the SVR of 4.99%. I'm reasonably happy with this as it gives me the flexibility to make overpayments or reduce my payments. Originally our mortgage was meant to end in June 2020 but after a couple of sizable overpayments and keeping our…
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Do Halifax match other mortgage providers?
Hello all, sorry for all my questions but trying to find out as much as possible. Have been a customer with Halifax for over 20 years but their fixed rates suck for what i would like. Are they likely to match Nationwides market leading 2.94% over 10 years or am i wasting my time? Also do you get better deals by going in…
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Expat Mortgage
Hi, I currently have a residential mortgage on a house in England. It has been let for two years and I was given consent to let but this will end this summer. I am currently working in SE Asia. I believe that I would struggle to get a BTL mortgage with my current bank as they insist on a high personal income. I am earning…
