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Mortgage help - would I be better off??
Can anyone help to say if I would be better off switching current mortgage deals? Currently have term just under 16yrs left and 131k left to pay on mortgage and early repayment charges and redemption which would bring balance to £133,500. I overpay to £1300 p/m. Want to reduce the term and take advantage of low rates out…
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Electoral Roll & mortgage application advice please
We have just sold our property, have moved in with family, and have found a new build which would be ready at the end of March. When I called and changed my address on electoral roll the other day, they said it wouldn't register until April 1st. Is this now going to affect our mortgage application as we need to get moving…
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Paying off Mortgage in First Year
I currently have £19k left and 9 years on my mortgage. We have been looking to move increasing our mortgage by £20k ish. If I took out a variable rate deal or another deal with no redemption penalty and paid it off within the first 6-12 months then would there be any penalty?
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Remortgage constantly to save money?
Hi there First time poster so apologies if this is a repeat discussion (I have had a thorough search). I have got a Mortgage in Principle from my bank, HSBC. It's a 2 year fixed at 3.89%, changing to their variable rate which is pretty good at the moment at 3.94% (of course this may change but for the purpose of this…
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Help to buy - equity loan questions
We've reserved a new build and are using help to buy equity loan. I need a bit of help please! 1. We have been recommended 'new homes mortgage group' by the new build company as a broker, but they charge £399. Should I just use L&C instead? You have to use a broker for help to buy. 2. Help to buy mortgages seem to be a…
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Self-employed looking for options and hitting brick walls :-(
Hi, first post here! Feeling a bit hopeless so hoping someone can help me find a solution (I'll try not to rant!)* I bought a house three years ago on a teachers salary. The mortgage is currently in my name only and my payments are around £315 a month, although started at £380 a month. * My husband moved in with me but as…
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Age limits to taking on a new mortgage?
Hi everyone! I need to get some information about the chances of getting another mortgage at my age (I'll be 47 this summer). I'm divorced and single, live alone, work full-time, with one child at university, but I'm living in a huge 4 bed place that's draining me financially so I would love to downsize. I need time this…
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Mortgage after Bankruptcy
Hi there, Have any ex bankrupts managed to get a mortgage? If so what deposit and value please
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First Time Buyer feeling overwhelmed
Hello MSE, Me and my wife have saved up our deposit to put towards our first owned home together. We have £9000 and are looking at 5% deposit mortgage deals. There seem to be a few on the market, one with our building society, nationwide. We noticed woolwich also offer (I believe barclays offer woolwich mortgages?) 5%…
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Nationwide deal swithch/Remortgage
Hi, my fixed deal with NW ends later this year, assuming the interest rates stay similar i would be looking for another fix with NW. Is this a remortgage or just a administrative deal switch? Just interested.
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Buy to Let Income under 25K
Hi, Hoping someone in the know could help me and my mum on this one. My mum is looking to get a Buy to Let mortgage on a £370K house. She had the 25% deposit. She ownes her own house outright (worth around £350K) Problem being she only earns £14K p/a. Do you think she could get a BTL mortgage with under 25K salary?
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First mortgage - BTL
Hi everyone, Looking for some advice. I am looking to get in to property and start with a reasonable priced house near to where I live that I can rent out. For a BTL I need 20-25% deposit which will take me a while to save, probably too long as it will be around £16,000 deposit. I have been looking on line and was thinking…
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Purchase under value and leaving vendor live with me
Hi everyone My grandfather wants to sell me his home at approx 20% less than it's actual value. I understand some lenders could let me us the difference as a deposit, I have read on here 'concessionary purchase' some lenders call it... However in my specific case my grandfather and I have agreed that if he sold it to me…
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UK mortgage for Spanish property?
Hi all, I currently have a mortgage in Spain, but the interest rate is much higher than what the UK offers. I'd like to refinance through a UK bank, and pay a UK interest rate, but it seems like a minefield of information, much of which is contradictory. Does anyone know who I might contact (a real person with a real phone…
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Second charge company now in liquidation
Hi all, 1st post so bear with me... We bought our new build house from a local builder under a 25% equity share deal 5 yrs ago. We have received a letter this weekend from an insolvency practice stating the company who holds the equity share loan has gone into liquidation under a winding up order. Can we pay off the loan…
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Urgent Help - Will I Lose My Life Savings?!
Hello All I am new to this forum so please excuse me if I an unfamiliar with any protocols. I am currently in the process of buying a new build property and have hit a major problem. The mortgage offer is due to expire mid March and the property is expected to be finished two days before this date. As this is a little too…
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20 years old and in full time education...
Hi I'm a 20 years old in my first year of university full time education with no source of income. I've been looking around on how to secure a mortgage as a young buyer or as a 20 years old but I can't seem to find anything. most lenders require guarantor to own a property (in England) and my parents are the only people…
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Using current house as collateral for first time buyer?
Hi, I am looking for some advice on my situation. I have a 50% share in a house with my brother which was gifted to us by our parents.We own it outright and there has never been a mortgage on the property. My brother lives there with friends who rent. I am interested in getting on the property market myself by buying a…
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Overpay mortgage vs save in ISA confusion
Hi, hoping someone can clarify this for me! I have an HSBC tracker at 2.59% with unlimited overpayment facilities, paying off at the standard amount/month (capital repayment). I also save monthly into both stocks & shares and cash ISAs. However, due to rubbish savings rates, I'm considering using the cash Isa allocation…
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YBS 5 year fixed offset
I have noticed Yorkshire building society doing a 5 year fixed offset mortgage at 2.44%, http://www.ybs.co.uk/mortgages/offset/products/5yr-fixed-offset-21756.html What are the thoughts on this? I have got a reasonable amount of savings to offset against. Even thinking worst case, if I had no savings then a rate of 2.44%…
