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Nationwide Mortgage
Hi All, Can someone advise on the below? I am currently in the process of getting a Mortgage with my husband with Nationwide. The application Principle has been sent off and we have been asked to send documentation ie - last 3 mths bank statements, wage slips etc. Does this mean that the Application/Mortgage principle has…
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How best to pay off existing mortgage debt
Hi, with a remaining balance of just over £16,000 and an interest rate of 1.73% is it better to pay off balance up front and max out on interest free credit card(s) with say £8,000 spend limits on 2 long term cards or is there no real mileage in doing this and continue overpaying each month that will see it finished within…
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Mortgage Prisoner
My partner has a £160,000 interest only mortgage with Bank of Scotland at an SVR of 4.95%! House is worth around £250,000. Mortgage has 12 years to run. Our plans are to sell up and downsize before year 12. There are lots of low interest deals out there but my partner would not meet the current lenders requirements, and I…
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what to do? advice please?
Hello everyone, Im looking for some advice, I dont want to go to a broker just yet, but I need help with my plans. I currently have an house with my husband, worth 80k, there's 50k mortgage outstanding on it. Its up for remortgage this year, so I plan to overpay and get rid of it within 10 years. The other part to this is…
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Re Mortgage - Joint Owner
Dear Forum Members, We are hard working couple and made a mistake buying property in Dubai and lost £80k. I defaulted on 1 credit card and 1 loan which i settled in 2014..My credit rating is very bad and current provider is charging 4.74% on £250k mortgage and can not offer better deal because my bad credit. My salary is…
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Tenant still in property!
Hi everyone. I've recently purchased a property which was used to let out individual rooms, I was informed by the owner that the notice has been given and they will all be out before completion has been done. Exchange of contract has been completed and I am just waiting on completion. Yesterday I visited the house and…
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Mortgage after Bankrupt
Hi was just looking for some advice, I went bankrupt 5yrs ago April and had my house repossessed, My current partner who has no financial issues in the past and I want to buy a house together. We have a decent deposit and can afford what we want biggest question is Can it be a joint mortgage due to my bankruptcy ? My…
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Endowment assurance?
Hi guys, One of my parents received an update letter on their 'endowment policy' recently and asked me to look through it for them, English isn't their first language hence why I help with the bulk of these matters. Parents are now recently divorced and this policy was taken out jointly over 20 years ago. From what i…
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Nationwide using Help to Buy scheme against mortgage application
Hi, I am currently in the process of removing my partner from the our current mortgage policy. I will be carrying on the current mortgage, simply removing the other party. I have been through all the assessments to ensure i can continue with the mortgage in hand, and on initial assessments this was all fine. However they…
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When do I need to act? re-mortgage Aug 2015
My current 3 year fixed FTB mortgage ends Aug 2015. I would like to remortgage given that I now qualify for 80% LTV deals. Things to do - in June? Approach an MA for mortgage advice Have flat valued by an estate agent Clean up bank statements, how many months are needed? I am just about to start a new job (May) which is a…
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Clearing debts for mortgage application. What to clear first
Hi everyone. I have worked out I can clear my debt by the end of May and my partner and I then plan to apply for a mortgage. I have a £2000 overdraft and £3000 on a credit card. I know the normal advice is to clear the most expensive debt first (credit card) does this still stand when considering mortgages or am I better…
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Mortgages for older borrowers
can any of the mortgage experts please let me know which lenders currently offer mortgages to the age 70. Many thanks in advance
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can I force a sale?
Looking for a bit of advice. I bought a house with my ex partner in 2007 when we were expecting a baby. We subsequently split nd he made me and child leave the house . He has lived there and paid mortgage since. I want off mortgage to buy my own property but he cannot grt mortgage in his own name. Can I force a sale and if…
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overpay mortgage or save?
Hi Can anyone advise me on how best to save money over the next 18months to 2 years. We have recently got ourselves into a position where we can save about £1000 a month. We have quite a big mortgage and are planning to borrow more in a couple of years to extend our house. We have no penalties for making overpayments on…
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Oh, where do I start?
Our FTB daughter is asking for advice on getting "the best" mortgage.... Any hints and tips on the best mortgage these days would be appreciated. She is looking at borrowing around 70% of property value We are trying get lowest arrangement/interest costs .... Thanks
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Changing Mortgage Product
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Nationwide Mortgage
I am a first time buyer wanting to buy a property off my brother and hoping to get a mortgage with Nationwide (5 year fixed) Value of the house is £210,000 but i will be purchasing the house for £80,000 (mortgage amount left) so do i declare the £130,000 as a gift ? No money will be changing hands, well besides the…
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Removing Second Charge on property
Hi - I will be paying off a loan secured against my property and wondered if I needed to instruct a solicitor to remove the second charge. I will still have a mortgage and they are the first charge. Not sure if I need to lodge something with them, or whether land registry will do the trick. Does anyone know??? Thanks in…
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Contractor/self employed options
Hi - currently my wife and I have a mortgage with Nationwide. We would like to move in 18 months/2years . We will have a substantial deposit as by then we will almost own our home outright. My wife is in permenent work in a managerial role . I am soon about to move into a contractor role. I am of the understanding this…
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To remortgage or stay put?
Hi all, My husband and I are in unusual circumstances as we have a big age gap that is impacting on our mortgage. I am looking for guidance on who can give some mortgage advice or even advice from people in the know on here. Our situation is this: £70,000 mortgage, 25 yr term, 20 yrs left. Further advance of £5,000 along…
