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Getting a mortgage that expires after 75 years of age
I will be 71 years old this May. My wife will be 69 years old next month. We own our house, valued over optimistically at about £800,000 and over cautiously at about £700,000. We have lived here for 20 years. We currently have a Santander interest only mortgage which tracks at 0.75% above base rates (so has been at 1.25%…
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Can I switch to a buy to let??
Hi There I am currently on a consent to let deal with the Halifax, with a tracker deal which is currently set at 6.1%. I have a mortgage of around £104,000 and I believe the house valuation to be around 120-125k. Rental income is £550, and mortgage payments of £520 interest only. Would it be possible for me to switch to a…
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A&L Mortgage 1.49% - too good to be true??
Hi all, I've held an Alliance & Leicester mortgage for 8 years and for the last 3 years or so the TOTAL interest rate has been 1.49%. When I first took it out it was a 5 year fixed at 4.74%. This rate of 1.49% seems too good to be true and although I'd like to start overpaying to reduce the term, I'm hesitant to contact…
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Waiting to exchange
Everything is done valuation searches, mortgage agreed but is at final checks waiting to be issued to offer. So nervous at the mo.... Anyone know how long it takes to be issued and sent out, BTW it's with the mortgage works. Thanks
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FTB mortgage help
I have tried a couple brokers but none seem to beat comparison sites...though will have to check small print. It's confusing the plethora out there. ..especially when you factor in cash back and discounted product fees. I am leaning towards my bank nationwide This is what I found when borrowing 81k and putting 9k deposit…
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Mortgage delay due to employers reference
Hello, My partner and I have recently agreed a purchase for a property. I am on a temporary contract, (6 months into a 12 month contract at the time of application, as per the mortgage provider's lending criteria) My partner is on a permanent contract. We have received our valuation, which was fine. My Employer provided a…
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Remortgaging during fixed term
Hello, I am 18 months into a 5 year fixed term with Chelsea. Due to price rises in London, it is possible, that the value of my property has gone up in that time, which would shift the LTV I would take. I can not find anything on Chelsea's website to suggest I would be able to switch to a new product (Lower LTV therefore…
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Self Employed.....What do they base it on
Hi Guys, Probably been asked a million times so sorry.... Myself and my partner are going for a mortgage and I wanted to know whether the mortgage company goes on net profit or SA302's? The reason I asked is I went for a mortgage and they asked for the net profit figure and then after, asked for the SA302's. Which will…
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mis sold mortgage
hi everybody this is my first time on here and I am looking for a bit of advice. I am thinking about making a claim for a mis sold mortgage that my broker brokered for me back in 2006 the problems with it are they sold me a self certified mortgage they put me on a interest only mortgage they added ppi to it with out my…
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Advice please
I am registered disabled and only able to work part time. I own my own house with no mortgage and this is worth approx £185000. I have been looking at ways to earn more money and as my house is my biggest asset I am wondering if I could borrow against my house to buy another to have done up and sold. Any advice on how I…
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Do I need a BTL mortgage for this?
If I want to purchase a house for my parents to live in (rent free, full time) and for me to live in (on weekends only) would I need a BTL mortgage or would a standard residential mortgage be acceptable? I'd live with my partner in London (rent-free) Monday to Friday. Thanks for any advice.
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First Direct & Proof of Identity
First Direct want me to send them proof of identity such as my passport or driving licence and said something about it being verified by a Solicitor or Doctor. Not sure exactly what they want. Do they need verification by a Solicitor or Doctor because it is a photocopy? If so can I just send the original without having to…
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Buy to let and Mortgage for over 70's
Hi there My parents are having to downsize from their town house because of the stairs, they have paid most of there mortgage except £60k and have say £200k of equity. We (me, my brother and parents) would like to purchase a new property for them and rent out current property. But this is more difficult than you would…
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4.89% on my new build (88% LTV)
We were very restricted in applying for a mortgage firstly we are purchasing a new build and secondly my partner is still in his probation period at work. After ruling many out, we were accepted at Halifax in January but at a rate of 4.89%. I was quite disappointed as we had found one for 2.49% but at the last minute were…
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Advice on endowment
Looking to move in 12 months owe 37k on a mortgage with 26k intrest only and 11k repament but have an endowment at 26k with 5 years left to run and in the green its a unit linked endowment. Wanna borrow 100k for the new place, advice please cash in the endowment ? Or borrow against it
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self employed accounts
hi, im currently trying to get a mortgage. im self employed and have 2 years accounts, 3 years in april however ive had an offer accepted on a bargain of a property. the last time i had a mortgage i self certed. property price - £65000 wanting to borrow £58000 2011-2012 income on Sa302 - £8500 2012-2013 infcome on Sa302 -…
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Remortgaging with a payed off IVA
Good Evening. I'm looking for advice and guidance on trying to take an advantage of the good low interest rates. At the moment, I am 7 years into my mortgage and my Variable APR is 4.74% which to be fair I could save a lot of money as a large chunk of my money, however as my IVA was registered in 2012 even though its been…
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Remortgage with Adverse record
Hi, We are due to remortgage in a few months time and our current mortgage is with Precise, placed with them through a broker as there is a history of adverse (2 settled CCJ's, both under £300, dated 2010 & 2011). Have no other adverse and credit file since these has been very good. So, my question is: I assume the…
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What is a mortgage charge release fee?
Hello On the bottom of of my mortgage statement it mentions "current charge release fee" of £135. What is that? I'm looking to remortgage so would that have be paid by me if I switched to another lender? If I did a product transfer with existing lender would they possibly waive this? Also what is a mortgage commitment fee?…
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exchange of contract additional condition
I have a retention of 1k the vendor is happy to pay for about £700's worth of work but only after exchange. I've proposed about 1 month between exchange and completion. Does anyone know if my solicitor can put in a condition of exchange that she must get this done within x amount of days after exchange? Can't reach…
