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Woolwich- Now Barclays
Can any one advise or had a similar experience. I orginally took my mortgage with Woolwich over 14 years ago and I had a offset fleximortgage. The product provided a flexible approach to savings, off setting, over payments and a low rate reserve facility. The mortgage rate was to be + 0.75% over the Bank of England Base…
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Worth paying mortgage off now, new one next year for extension?
I currently have a mortgage on my house for about £150k (about 50% LTV). I also have been saving up to do an extension, budget around £100k. I cannot do the extension until next year, but I have saved up more than I need to complete it, so I could actually pay off my mortgage right now, and still have a stash of emergency…
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Partners Bad Credit
Hi I have recently checked my credit score on Experian which have me a rating of 940 from 999. I was happy enough with that as I was just being nosey and checking the details are up to date. I have bought a n house in my name but my GF lives with me. She has a bad credit history - I'm not entirely sure to what extent but I…
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New mortgage and previous but recent late payments
I've got myself into a tizz over 2 recent late credit card payments. I've been a day late on one card and another was 6 days late but I'm disputing it but it stands as late for now. The rest is clean although I'm using the free trial for Experian and will wait for the pin to check and be sure. Now our house is on the…
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FTB - Using EA Mortgage Advisor
Hi All, I am new to the forum! I am a First time buyer looking to purchase a property. It is on the market for 285k and I have offered 278K. The EA has requested that I visit them in the branch to confirm my identity and to ensure that I have the funds to secure the house, so I assume my payslips etc. I am looking to…
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Split rates mortgages - remortgage?
I have two mortgages (secured on the same property), the first through luck is at 0.67%, I owe approx. £45000 with 17 and a half years left. 18 months ago I borrowed another £45000 over 19 years for house improvements. this is fixed at 5.88% until July this year. I have overpaid what I'm allowed and this mortgage currently…
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Length of self-employment
How many years worth of self-employment earnings do lenders need to see as a minimum? I'm seeing websites that mention 3 years, but we've only been self-employed since July 2013. I'm also in full-time employment with around £55k gross salary, but our self-employment brings in around £12k p.a also, so we would like to add…
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So, what happens if I sell my house for more than my current mortgage value ROP
and want to get a new mortgage? Do I just get the ££££?
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Buildings Insurance etc
So I am about to move house in the coming weeks hopefully. First time I have experienced a "proper" move I would say. Only other time I moved was with my parents when I was younger (and actually missed it because I was in hospital) and when I purchased my current house (but that was a vacant property so did not technically…
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Remortgage help
Hello Everyone I hope someone can be of help to me because when it comes to mortgage's I do not have a clue to be honest. Having read in the newspaper recently about changing my mortgage to get a better deal even if it means a early repayment charge it could be to my benefit, Something I like the sound of but I am afraid…
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Mortgage increase term - another question?!
Quote: From the borrowers perspective affordability. As this is a change in contractual terms lenders will perform a new credit check. Though this has been very standard practice for some years. As people who wish to extend mortgage terms will more than likely be doing so for reasons related to their own personal finances.…
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Nram
Hi, Can anyone advise, is NRAM now about to be taken out of public ownership i.e de-nationalised ? I have a mortgage with NRAM so I am wondering what effect this would have. I came across a link at NRAM, sorry I can't post the link as I'm a new forum user, but you can google the heading and date below to find the article.…
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Buying another house - Which one to mortgage?
Good Evening, The other half and I are looking to move at some point in the next few months, ideally to a larger property more suitable for when we start a family. We currently live in a 3 bedroom (well, 2 and a study) semi-detached house in quite a desirable village. We bought for £180k in 2012, and with some improvements…
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Court advice needed
Hi Please move if not in the right place Hi My MIL took to court the person who brought her Residential mobile home from her after her husband suddenly passed away (park owner or at least we thought he was) he withheld money from the sale of the home as he felt she owed it to him. We took him to the small claims court and…
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Help to Buy, remorgage to gain back share
Hello, I'm a first time buyer looking to purchase a new-build property in Scotland, and therefore using Help to Buy Scotland. This will allow a 20% deposit contribution from HTB (~£40k). Is it possible, say 3 years from now to remortgage the property, and borrow more money from the lender to pay off this £40k? One of my…
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Mortgage Struggle's
Hello Everyone, First time poster on here as having real difficulty obtaining a mortgage or getting consistent advice as everyone we speak to has different opinions. Firstly i know 'Credit Scores' don't mean much on experian but my gf has good credit never been rejected and has high credit limits on her credit cards even…
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Remortgaging from Accord
Hi, On a fixed deal with Accord and looking to take the hit on ERC to get on a better deal. I have done the maths and it makes sense but does anyone have any experience in terms of timescales, snags, costs from moving. I am looking at offers from Nationwide and Yorkshire BS, both of whom offer free valuation and standard…
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Moving house mortgage remains the same...problems?
Hi all, some advice would be wonderful. We currently have a mortgage with Natwest for £90,000 on our current which has been active for 11 months. We have inherited £50k and have seen a property we would like to buy, the mortgage amount would remain the same. Here comes the complication, my husband is self employed and had…
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exit fee and early redeem charge/buying joint property
Are exit fees and early redeem charges the same? I have seen exit fees for £150 So if I decided to sell within a 2 year fixed period, I would just pay £150? My partner and I live separately currently with own mortgage, and want to know best way forward if we buy together during fxed period? One pays an exit fee and sells…
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interest rates to budget for?
Is there a guideline figure to use when checking that I would still be able to make mortgage repayments if/when interest rates rise?
