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fixed rate monthly mortgage payment has increased
I noticed this month that my fixed rate mortgage payment has increased by £19.44. I've got 18 months to go until my five year fix ends. I made a 10% overpayment last year which was the max allowed and was told that I wouldn't be penalised for this as it would not incur an ERC. I just thought it odd that this month's…
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First Time Buyer Mortgage Advice
Hi all, looking for some ideas to get the ball rolling. Am currently renting but looking to move in August. We are looking for a house in around the 300k mark. I have printed off the mortgage guide off here and about to take the first steps going to banks and asking what mortgages they can provide. Brief background: Me- 29…
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First time buyer advice needed, apologies in advance
I am about to take my first steps into buying a house by looking for a property I have read the mse first time buyers guide but still have some unanswered questions. Some background information is I am currently living in a rented fully furnished flat with my OH and have £10,000 saved. This will be for deposit and all…
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HELP shared ownership mortgage and advice.
Hi wondering if you guys can help. So my landlord has sold his flat so we have till June to leave. Me and my partner have been looking at shared ownership schemes and it seems the right thing for us to do. Ok the good.. We have 10k saved up, we are looking at 35%share of a property so need 60,000 if we manage to get a 5%…
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Help To Buy and LTV
Can anyone please help with this I'm looking at buying using Help to buy later in the year. Would LTV be 75% using 5% deposit and 20% loan from the government on HTB equity loan. ( New Build) and the HTB Mortgage guarantee scheme being 5% deposit with LTV of 95% ( Second Hand )
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2 mortgages on 1 property?
Hi all, We hope you can give us some advice on our situation and what we're hoping to achieve. We own a 50% share of a 2 bed apartment and the other half is owned by a housing association. We would like to take out another mortgage to purchase the remaining 50% off the housing association. Our current mortgage lender…
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Applying for mortgage with default
Good Evening I currently have a mortgage but i am needing to sell my house to buy another house in another town but i have a satisfied default on my record from 2012, I will be looking for a 90% mortgage. My current mortgage is with HSBC but from what i have been reading i am best going to a broker instead due to the…
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Fixed term contract and a Mortgage
Hi all, I've been looking to get a mortgage for some time. I have been working in my current line of work for 2 years. I am on a permanent contract. Unfortunately, my industry has been part privatised recently and I have recently discovered that, come February, I will be placed in the private part of my industry. This…
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random audit
I received an email from my broker on Wednesday saying I'm pleased to confirm that your application was sumitted to the abby yesterday (Tuesday) and has been approved and the valuation instructed. 16.30 Friday I had a call to say my application had been selected for a random audit should I be worried ?
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Just need reassurance please :)
Hi all, As title says, I'm just looking for a little reassurance that everything will be ok with my mortgage app. We have received an AIP from mortgage company, which had a figure of 'maximum loan amount' of £409,920 (:eek: - much more than we asked for). Joint income: approx £80k Mortgage: £195,450 I'm worrying about my…
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30 Year Mortgage Terms
Hi, Currently have a LTV of 23% on current property and looking to move and purchase somewhere more expensive. With purchase and renovations costs, would need to increase mortgage from current £185k to approx £310k, new LTV would be around 30%. Bank have agreed this amount and quite a bit more in principle. Given the ratio…
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help!! should i switch my fixed rate as im on 6.04???
well ive been in a 10 year fixed deal since 2007 at a rate of 6.04 & i borrowed abit more for an extention last year at 3.69, now my house is worth £200k & my morgage is 82k, ive rang up britania & they want 3k to get out of my fixed deals.... so in theory i need a new morgage of 85k ideally on a 5 year fixed, what should…
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Mortgage Broker Advice - urgent
I have just had advice from a FSA specialist broker as Im looking to remortage. I have heaps on unsecured debt that I would like to roll into my mortgage as I have plenty of equity. He told us the case was borderline but he had managed to get a decision in principle from a major high street building society. He wouldn't…
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Mortgage DIP with declared default
Hi all, Have spent the last few days going through the Internet and on this very helpful forum! Just been trying to find a post from someone with a similar situation to me. While I have found some success stories I have also seen some that worry me. Just after a few opinions as I have a full mortgage application on…
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Residency requirement for Mortgage
Hi All, I am a UK Permanent resident. Which bank/BuildingSociety provides mortgage to customer who has lived in UK for less than 3 years but more than 2 years? Kindly advise. Thx?
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Affordability - how is % calculated?
With regards to shared ownership (I hear your groans!) how is your affordability calculated? The house is on the market for £150,000. I earn £11,960 before tax. I have £25,000 in savings. The confusion is intense so any help is appreciated!
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Mortgage query - post divorce
Hi, My husband and his ex-wife divorced about 10 years ago. They have a daughter. His ex-wife remarried about eight years ago, and my husband married me three years ago. My husband's ex-wife managed the divorce, paying all costs, and they had informal amicable agreements covering everything. My husband believed he was no…
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solicitor fees
HI sorry if this seems like a rant but .... Am selling my late mothers house to my daughter no chain and everything agreed before contacting solicitors Contacted a solicitor who quoted me £600 fixed fee. He then came back to ask for £3.00 to pay for a copy of deeds. Second charge was £147 for insurance to cover sale under…
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Morgage Advice Required.
My self and my partner are currently renting a property and have been for the past 5 years , we are paying £850 a month and have decided that we need to buy. Here is the issues. We are both 52, secure (I hope) jobs me, 17 years , her 12. My pay roughly 39k hers 20k. My partner is currently coming out of a 4 year debt…
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Self Assessment and Mortgage Reserve query
HI, I'm filling in my first Self Assessment and need advice on the following; I have one property, and bought a second property using only the mortgage reserve from my first property. My monthly repayments now cover both properties, with the second one let out since I bought it (I live in the first one). My question is: -…
