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Offset mortgages
We're about to open an offset mortgage for the first time. I am just wondering whether the timing of direct debits from our account would have an significant effect on reducing our monthly payments. For example, at the moment our combined salary paid in is around £6000. With the mortgage and other payments, we would have…
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Removing ex-husband from mortgage
Hi, can you help with a query please? My ex-husband would like his name off the mortgage. I currently rent the property and have spoken to the mortgage company and they have said that I need to earn a minimum of £25,000 a year and would not take into account the rental income to take sole ownership. My ex-husband is only a…
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TSB interview
Finally applied online last night for a remortgage and then quickly realised we were simply inputting basic info in prep for a phone interview. Got a call this morning and interview arranged for Friday morning. Anyone had one of these with TSB recently? We know which product we want, our case will be fairly straightforward…
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change of names of deeds
Hello Can anyone tell me how to have some one removed off the deeds to a house please thanks
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Solicitor retaining mortgage incentive to cover fees - Illegal?
My lender has sent the funds for my mortgage today (Wed 15th) to my solicitor. Included with that is a cashback amount and a refund of valuation fee which is payable to myself. This solicitor also has my deposit BUT I'm not getting the keys until Friday 17th April. I asked them to provide me with my money which is almost…
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Please Help! 5 Year Fixed or Discounted Variable
We've had a 185 offer accepted. We have 2 main mortgage options we're deciding between, but I'm finding it extremely stressful and confusing :( We have to move quickly and decide by tomorrow. Both 10% deposit. Mortgage 1 - Variable 2 years @ 2.55 (£602) 3 years @ 4.69 (£801) Then 5.69% (£896) Mortgage 2 - 5 year fixed 5…
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Discharge of security
Having redeemed my mortgage with nationwide they have sent me the title deeds and all assorted paperwork. As I live in Scotland they have told me I must engage a solicitor to obtain a discharge of security. I have been told by my solicitor to bring in the land and charge certificates and they will act for me.They have…
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5% or 10%
Hey, me and my girlfriend are in the process of buying our first property. We fell in love with one recently but lost out to another buyer. We waited a while and one luckily 2 doors down came for sale, which is great. However this one hasn't been updated since the 70's so needs re wiring, new kitchen, bathroom ect. The…
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Appilcation with joint account
Hi there, I will be looking at applying for a mortgage soon. The problem is that my wife doesnt have good credit and we have recently opened up a joint bank account. Do you think it would favour me to close this account and go back to having seperate accounts? Im aware that the mortgage companies can start delving in to my…
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Advice on switching mortgage deals
Hi all, Our fixed term is coming to an end with Halifax (currently at 2.69%) and we are looking at switching to a new fixed term so that we will be 100% certain as to what our monthly payments will be. The problem is, since getting our mortgage, our credit reports have taken a battering and following advice from Step…
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Buying a portion of my rented home
Hello Everyone, So, I currently privately rent a house. The house is owned by a party of 3 people. My Landlady has planted a seed that, as I absolutely love the house so much, why don't I consider buying a third, essentially buying out one of the 3 people (not my landlady!). Can this be done? Can I get a mortgage on this…
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First Time Buyer
Hi I with my partner planning to apply for Mortgage, I earn 35K while my partnet is on 20K. Both have permanent jobs. We need to get 200,000 as mortgage. Our Experian report is Excellent. Would we be able to get 200,000? Secondly we have 10K as down payment + 5K for Stamp duty, surveys, solicitor fees etc. You reckon would…
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What happens if I overpay more than the maximum in one year?
I'm with Santander and can over-pay up to 10% of the outstanding balance at the start of the year in a calendar year. What happens if I pay more than that? Would I pay the early repayment charge percentage on anything over that amount? Would I still get to stay on the agreed fixed rate? Anything else to consider?
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Pension Payments
When applying for a mortgage, do you have to put pension payments down as a commitment? I have a personal pension, not through work, but my boss does pay into it (not much though).
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First time buyer panic
Hello all hoping someone can help me. I have a tendency to panic at any little thing, so as we are currently going through the process of buying a house it is less than comfortable! I have picked my finances to absolute bits and can only see problems. I have spoken to l&c and they seem optimistic. But I would love any…
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HTB - End of Year 5
Hi everyone. This is my first post but I've been reading the forum regularly since thinking about buying my first home. :beer: I wanted to check some logic if that's OK. We're looking to purchase our house using the Help To Buy Scheme. At the moment we have some outstanding debts that we will be now in a much better…
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FTB Time Scale
just looking for abit of advice on time scales, I know the question is abit like how long is a piece of string but just looking at how long it took for other to get offer & completion. our progress so far is below.... Date Decision In Principle received02/03/2015Date application received09/03/2015Date Minimum Submission…
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Using credit cards to get cash abroad
Over on the Travel side of the forum, a couple of credit cards (Halifax Clarity, Santander Zero) are recommended for getting travel money from ATMs while abroad because they do not load the exchange rate at all and do not charge a cash advance fee. I've used this method on recent holidays (previously I used a Metro Bank…
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When should I apply for mortgage?
We've currently out our house on the market and are looking around for a new house and mortgage. I have a rough idea what we will get for our house, what we can afford, what size mortgage we can get etc. However slight variations to above will mean we need to get either a 75% or 80% LTV mortgage. Either is affordable My…
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How much can we borrow?
Morning all Me and the missus are looking to buy a property in the next few months. We already have a mortgage on a flat which doesn't have any money to take out of it, so we are seeking consent to let it out on the grounds it doesn't have any equity to take out of it, and we've outgrown it as a family. I made just over…
