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Moving to another mortgage company
I'm currently with Nationwide on a repayment mortgage paying 4.79% interest in a fixed rate which will be expiring soon and when it does I'm going to leave it at the variable rate, so would it be possible to move my debt to another mortgage company? and would the variable rate be different or the same?
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First Direct - did they make an error with the application?
Hi, Had an offer on a house accepted for £280k, we only need to borrow £140k as FTB's so are looking at the lowest rate possible with unlimited over payments to ensure the mortgage can be cleared ASAP. I've banked with FD for over a year and they have a 1.79% lifetime tracker at the moment, perfect. We did the (phone)…
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Mortgage with self-employed dad and low incomes. Any hope?
Hello, I have a few questions regarding getting a mortgage with my dad, but first some background info. We're not British, but EU nationalities. My dad is self-employed and I don't know exactly how much he earns but I would estimate it at least £24k gross, so below average salary in the UK. Lately, he came up with an idea…
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Can interest free dental finance plan affect my mortgage offer??
Hello My dentist offers to spread the cost of my treatment over 18months, interest free - very tempting and of course I applied for it without thinking! I'm in the process of buying my first home, have received a mortgage offer and should exchange soon... Having checked other forums I now realise this was a dumb idea! Is…
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Product transfer
I have just entered the 3rd year of a 5 year fix deal with an interest rate of 5.99% I have £74200 left on the mortgage or £76200 if you add on the £2000 early repayment charge. House value is approx 100k-110k. I seen on my current mortgage providers website(Newcastle building society) that they have a 2 year fix deal at…
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Manually calculating mortgage repayments
Can anyone tell me how I can calculate what I should be paying each month on my mortgage please? It's always stumped me how I let the bank calculate my repayments, then cough up the money each month without querying their calculations. So I'd like to understand how they come up with my monthly repayments. If my mortgage is…
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turned down and confused
Hi, I just applied to move my mortgage from nationwide to Santander and was turned down, didn't pass the affordability check, the guy didn't really seem to want to discuss it with me, perhaps it was because they were about to close. Can anyone tell me if I should expect to be turned down. We've never been more financially…
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is this a good deal...
i was on a variable rate of 3.99% with £97,000 left...i have decided to get a fixed rate re- mortgage and borrow an extra £15000..i was offered a fixed rate of 4.89% payment £693 for 17 years
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When can I remortgage?
Our current fixed rate mortgage is due to end August of this year. When is the earliest I can secure a new deal? My current fixed rate deal is with Santander at over 4% so some of the deals at the moment at 2%ish are really good. I know we don't have a crystal ball but would you recommend to fix at the rates at the moment…
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Stuck with BMR or fix?
Currently on Nationwide BMR 2.5% paying £630 a month. I can get a 1.79% 2 year fix paying £590 a month then going up to 4% Is it worth fixing and hoping can get a decent fix in 2 years or stick with the BMR?
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Underwriters
Hello, Is it normal for a mortgage application to go to an underwriter? Should I be worried? Apologies but I'm not very mortgage savvy.
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Yorkshire Bank £1000 FTB Offer - Any good?
Hi all me and my girlfriend have had an acceptance on a property £135k and 10% deposit saved £35K annual between us salary and no bad credit. So hopefully should be ok. Has any one seen the YB offer £1000 cash back and 3.59% initial for three years and then goes up to 4.95% overall cost of comparison 4.7% But all I want to…
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Remortgage help
Hi We have been on a flexible rate interest only mortgage for 9 years now and have decided that we want to change to a fixed rate repayment. Our current mortgage is with Santander and today we had an appointment with the Halifax (who we bank with) they have given us an amount that they can lend us but it is £5000 less than…
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Mortgage after BR, Sub Prime Card to Build Rating
Hi we will be looking to try take a new mortgage toward the year end I was discharged from bankruptcy in August 2011 so was made bankrupt in August 2010) so this August is five years from the bankruptcy date, and four from discharge, anyhow would it be beneficial for me to try open a sub prime lender credit card to begin…
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when re-mortgaging is it better to keep the same term
I am just completing a 5 year fixed mortgage deal and when I re-mortgage should I keep the term at 20 years or should I return it to 25 years and overpay ? Thanks
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Can I Re Mortgage?
In 2010 I got divorced. I had to apply for Income support and they paid part of the interest on my Mortgage. There was a remaining amount to pay each month which the Income support did not cover. I set up the direct debit for this amount. The mortgage company who I am with gave me the incorrect figure for the direct debit.…
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Getting Nationwide rate changed?
Hi all, currently in the process of buying a house and can see that the rate for the Nationwide 4 year fix we've signed up for has reduced slightly. Am I able to get my rate changed to reflect the rate that it is currently at? We haven't exchanged or completed on the house we are buying yet.
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Buying a buy to let rather than a house for myself
Hello :) I'm 24, and considering buying a buy to let property. I'm a web developer and my income goes through a ltd company. I'm in my 1st year of trading, so do not have a financial history. I understand that I would need 2-3 years of accounts to buy a house for myself. Is this the same for a buy to let property? I have…
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20 year Mortgage - first direct
Got excited about a 20 year fixed rate mortgage while comparing on this site MSE - except when I have telephoned them (first direct) they found it quite comical obviously a mistake it is a 10 year one instead maybe an administrator can report this as im gutted now lol
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Mortgage - Self employed - personal debt?
Hi there, My husband has been self employed for 10 years and is classed as a sole trader. He has a vehicle for the business paid through the business each month. He also has a credit card which is paid through the business. For mortgage purposes, is this "debt" classed as personal debt? Any advice would be appreciated.…
