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Early Redemption Fees - Mortgages
I redeemed my mortgage about 8 years ago and have just found some paperwork whilst clearing out the cupboards. I was choked to find out that had I redeemed the mortgage just 14 days later than I did, I would have been £10k better off ! How niaive was I !!! I've googled around to see if I can reclaim this excessive early…
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Mortgage advisor !!!!!!ed it up?
Afternoon, Well i finally went in branch to do full mortgage application looking to borrow 121600 with 20% deposit, single applicant, 27k salary. Affordibility was said to be fine, disclosed the outstanding credit card dept to be paid on completion and it was passed subject to underwriting. I had recently paid of a chunk…
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Transferring Mortgage
Hi, Just looking for some advice and ideas on logistics. My Dad is looking to transfer his mortgage to me and I'm not sure how this will work, he doesn't want to sell it to me just put my name on the current mortgage instead of his. The house is valued at £220k and he has £62k left to pay, we would be happy to keep the…
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Bridging Loan?
Well after the girlfriend's house sale collapsed in December, we've had to drop out our purchase (her dream house) and offer on something a bit more affordable. Now it seems the seller is playing silly !!!!!!s because even though he's chain-free (he's moving in wth someone else), he seems to be delaying at every turn. This…
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Barclays Mortgage
Does anyone know if their lending criteria is more relaxed than others? The reason I ask is they are offering us (quote on website, so not taking too seriously) a lot more than many other places such as Halifax and Lloyds. I would like to stay with Halifax however have found somewhere we'd like to move to and require a…
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Should I get a Mortgage Broker?
Hi, I'm potentially looking at 2 getting new mortgages in the next couple of months and to be honest finding a mortgage or a mortgage adviser for my situation is quite challenging as there are so many options out there. Basically my situation is: I currently have a property with £100k left on a mortgage of a one bed flat…
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Save all, a bit or do overpayments
Hi, I'm new to this forum so please bear with me.. :-) I am currently in the situation where i've got 5 * my monthly income in savings. I top up these savings every month and am thinking should rather than saving this money put it on my mortgage as an overpayment? I am at 70% LTV on my mortgage so am looking to shift some…
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which bank offering borrowing above 5x times salary? - remotgage
Hi i am in a process of remortgaging however i would like to borrow some more money for home improvements unfortunately due to resent changes many lenders have lowered their limit how much can they lend. such as barclays from 5.5x times to 4x times and halifax restricting at 5x times and additional borrowing on a interest…
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FTB with a PDL history!
Hi All Long story short, i'm 26 and living with parents. My dad lost his job a few years ago and in order for my parents to keep up with the bills and not face losing the house whilst he was out of work, I contributed a lot towards the bills. Wasn't earning a huge amount at the time (about £18-20K) and rather than being…
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General Mortgage Question - bad credit, big deposit, no jobs
Thank you, deleted due to TMPI but my question was answered.
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advice on new 3 year fix, please
I am coming to the end of a 3 year fix with YBS at 3.99% at end of march. I have about 70k left over 11 years. I overpay £100 per month and have done so for the length of the deal. I like the security of a fix but I feel i have missed out on good rates as my last two fixes have come at a time when rate increases were…
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Should I pay off mortgage?
I am due to complete my mortgage in Dec 2015 as have been overpaying for some time. I have heard that if I pay it off completely I will struggle to obtain any loans etc in the future. Is this true? Should I reduce my mortgage payments now and just let the mortgage run its time? Now only owe about £5k. I would appreciate…
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Mortgage with 20k salary
I have at least 10% deposit saved Looking to buy a flat near Glasgow for about 90k Would that be possible on 20k a year?
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Brokers/Financial Professionals - your view
Hi all, Sorry to go everso slightly against the flavour and content of this forum, but genuinely interested in your opinion on the mortgage lending industry in the current economic climate and in light of recent legislation (MMR etc) I ask this question as a trade credit risk professional who has been in construction in…
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In deal switch Nationwide 10 year fixed existing customer query
Hi guys Currently with Nationwide 4.14 % fixed (5yr) until Nov 2016 repaying capital and interest. Current monthly repayment is £836.99. Have £129k outstanding over 18 years 11 months. Have just seen the 10 year fix deals for existing customers (2.94% with a £999 fee or 3.04% with no fee). Spoke to nationwide and they've…
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Property development and mortgage brokers
Am starting to look at the idea of property development (currently a Stay at home mother, more time on my hands). We have a mortgage on our home (approx 4/5th equity) and my husband is sole earner. Are there any particular brokers who specialise in this kind of lending? I appreciate it may be a long shot! Thanks
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Santander Rate dropped after application
I applied to the Santander 2 years variable mortgage at 1.79 % in December 2014,and received a formal offer earlier this month, however, I have not acceptedthe offer yet as I’m waiting for the result from the searches. I noticed yesterday that the rate of the identical mortgage dropped from1.79 %to 1.59 %. What is the…
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Overpaying mortgage versus higher tax bill - thoughts please
Hi Not sure if this is the right board or not..... We're about to complete a house purchase with a 187500 mortgage initially on a 2.75% fix and can overpay 10% each year in the first two years Initially the plan was to overpay the 10% of the 187500 spread over 12 months - so an extra 1560 a month. I am self employed in…
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Advice please
I am looking at a remortgage to pay off a charging order on our property as we have the equity to do it. A company called Finance Advice Centre has contacted me after I did a search through my Experian credit file. I am at the stage of sending documents and paying the initial admin fee. Has anyone used this company before?…
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Overpaying Mortgage
Any advice would be much appreciated I have some money left over and wish to pay off some of my part and part mortgage. What i need to know. Is it better to pay some off the repayment part or pay some off the endowment part of the mortgage or some of both? Thank you
