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Buying expensive stuff on credit, before mortgage app
Hello, my other half wants to buy something now on a credit card, in advance of selling our house and having the profit to pay for it outright. We already have two credit cards, a loan and a couple of other bits of credit, totalling about 12k, this would add another 2k to that total. All of this will be paid off when the…
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mortgage nearing end and wanting to borrow more for house extension
Hi, We are nearing the end of our 5 year 4.09% fixed rate mortgage in August and would like to borrow more for a house extension. I see some good deals around so would like the flexibility to choose another long term fixed rate, perhaps 10 years. My question is am I best to get the additional funds from my current provider…
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New buyer - Conveyancing questions
I am looking to buy the flat I live in with a RTB. There are so many things I have to get my head around so please bear with me :-). So far the council made their offer, I accepted it. Halifax did and affordability calculation which I passed. I am now looking at Conveyancing. I had two quotes so far, one suggested by…
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Upping our mortgage by £10,000
As stated above, this is what we are planning on doing as we want to have a conservatory built. We can absolutely afford the increase in payments and its a better rate than a loan or other borrowing. We have been initially accepted (telephone interview with Halifax) and have now filled in a formal request online and are…
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Can my wage be taken into account ???
Good afternoon, My partner and I are looking into buying a house that's the easy part over . We will have roughly 40-50k deposit from both sale of her house when she sells to her ex partner plus other saving. so deposit is no issue, the issue we will have is that 5 years ago I went bankrupt and had house repossessed before…
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Historic Clydesdale Bank mortgages
Would be really grateful to hear from anyone who took out a lifetime tracker mortgage with Clydesdale Bank in 2008, 2009 or 2010. It is very difficult to find historic mortgage rate data for individual banks, but I desperately need some evidence of the lifetime tracker rates that Clydesdale Bank were offering at the time.…
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Re-mtg now or wait until ccj drops off?
Hi everyone, I hope someone could give me a bit of advice? We currently have an interest only mortgage with NRAM, who have recently increased their SVR to 4.79. We do overpay each month so the balance is reducing slightly. I was thinking about re-mortgaging to a fixed rate deal on a repayment mortgage to save some money on…
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FTB - Mortgage Question!!!
Hello, Our broker is starting my partner and I's Mortgage Application process and has requested for our direct debit details for the mortgage payments to come out. My partner and I have an appt with a bank to open a joint bank account in 2 weeks time (It's on a Saturday as we both work 9-5 during the week) which was booked…
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New home - worried about future LTV when remortgaging
I'm a first time buyer who has just had an offer accepted on a 3 bed house for 210k in Bristol. The house is on a quiet street, has a garage, new kitchen/bathroom, decorated to a high standard, good transport links, close to a decent primary school etc. Ticks all the boxes for us. I offered the asking price, which seems…
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Nationwide: do they do affordability check if just switching from BMR to fix?
Following on from another thread, if I want to switch as an existing customer of Nationwide (currently on their BMR) to one of their fixes, is the paperwork straightforward, or do they do the full affordability checks that they would do for a new customer? The fixed rates are attractive, but if I have to pull together…
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First Time Remortgage
Hi All Just coming up to the end of my first time fixed rate product and I want to move to Nationwide - got some questions for you though cos I dont trust banks.. (!) 1. My wife works for the NHS and she changed roles in December so she had two payslips that month - one for the old role and one for the new one. Because she…
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First Time Buyer Mortgage App... Help
Hi All, New to all this so sorry if this has already been covered, I did try to see. Basically we have got our MIP and applied for application straight away, we have just recieved email to say that we need to send over 3 months more bank statements for OH, Oh is self employed with 18 months books but is part of CIS scheme…
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Additional income for mortgage application
Hi, What types of income are usually accepted as 'additional income' when applying for a mortgage? I earn additional income to my day job from a Furnished Holiday Let (FHL) and have just recently completed my first year of tax return for period April 2013 - April 2014. I originally thought I will need 3 years proof of…
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Help please .... Fixed term ending, but now self employed. options?
Hi My fixed term rate is coming to an end, but since taking the mortgage out I am now self employed. If I decide to take another fixed rate does this have to be taken into account? If it is refused due to only being self employed for a short time, what happens to my existing mortgage? Advice please.. Many thanks
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Which Mortgage?
Hello, I am currently looking to remortgage on £89,000. I want a low a rate possible mortgage, but I also want to ability to overpay any amount. If I go for a 5 year fix then I am trapped by only being able to pay off 10% for each year for 5 years. Any idea which type of mrtgage would suit me. I don't have a lot of savings…
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Can i buy a new house and keep my BTL's?
I currently have a 50% mortgage in the house I currently live in, and I have a 50% mortgage on a buy to let house. I would like to move house soon so I was wondering if I could keep both houses, get a buy to let on my current house and get a new mortgage for a new house? I would increase both BTL mortgages to 75% to…
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Pay chunk off repayment or interest ?
Hi, Never posted before so hope this is in the right place ? Mortgage left of £26,000 endowment, and £20,000 repayment, interest rate of 1.49% with just under 4 years left. We changed to part repayment and made arrangements so that we wouldn't be short at the end, so all in place to clear the endowment part at end. We have…
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Mortgage and Property Advice
Good Morning I have been on these forums and posted a few threads before, but would appreciate some new advice. My house is currently in mine and my ex partners name, its a NRAM together mortgage approx. 73K secured 26K unsecured. The secured is interest only and unsecured repayment all on SVR. House we think worth between…
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First Timer - Mortgage Advice
Hi all, My first post I think so please be kind! Background: Me - final year medical student. No income. But come August I will be in a Junior Doctor job paying £27,000~ I have £18,000 of shares Wife - doctor. Earning £47,000. No savings. Car loan of around £11,000. We have £20,000 deposit that was given to us when we got…
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How do exit fees work 10 year fixed Nationwide?
Hello all, I am getting myself in a mess with exit fee calculations and understanding how they work. on the fixed rate 10 year Nationwide fixed what exactly is the exit fee and the calculation ? All help really appreciated as always
