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Re-mortgage or not re-mortgage?
Apologies if this seems like a real no-brainer question but I am paying 4.99% on a repayment mortgage with a balance of £52K to pay and 10 years remaining. Should I re-mortgage?
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Remortgaging at end of term - newly Self Employed
Hello everyone! I last posted on here over a year ago as we were in the process of buying our house. We got a 2 year fixed rate on 26th Feb 2014, initially borrowing 90% LTV on our £183,000 home. At the end of our first year we have £161,000 outstanding, as we managed to make some overpayments for the first 6 months.…
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EU income for UK mortgage
Living in the UK, I am employed here but my wife works for a company based abroad (in the EU) and has for more than a decade - are there any lenders who would take her income into account for a joint application?
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Can anyone offer any advice?
Hi all, I am hoping someone out there is able to offer me some advise for my brother. His ex wife and him broke up and divorced 7 years ago, as his little boy was so diddy he gave her the house and came off the deeds and land registry of the house... But stayed on the mortgage with a verbal promise that when she is on her…
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How much do santander charge to change to a lower rate mortgage?
I had a mortgage offer 6 weeks ago and now the rate has gone down 0.10%. (2 year fixed) I spoke to my mortgage broker who is sorting the mortgage out and he said they may charge £200 to move onto this lower rate, would it be that much or could it be more? Thanks
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Help to buy/Mortgage advice
Hi Have just received a mortgage offer from nationwide.Have reserved a new build using help to buy.(scotland) authority to proceed from HTB issued last week. They are paying 20%. Builders have put back the date of the house bring finished till October but have offered me the same house in a different plot, this will be…
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joint or single applcaiton? fixed term contract
hi, i've just put an offer on a house at £107,000 and am looking for a mortgage of £96000 with an £11000 deposit. i currently earn £22000 a year basic and my girlfriend earns same wage only thing is she is on an fixed term contract with the NHS which keeps getting extended. If i apply for a mortgage is it better to go on…
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refused advance
A friend of mine was declined a further advance for home improvements on his property. although he has 93 odd percent equity. The advance would have taken his equity down to 50 odd per equity. He was refused on the basis of having low Income and dependant children . What will be his options now?
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Remortgage Query
So my mortgage will commence on the 15th of May 2015 and it's a five year fix. After looking at a payment calculator with no over payments the mortgage will be just over 50k at the end of the 5 year fix. When it comes to a remortgage do most lenders have a minimum loan amount similar to as if you were a FTB? The reason I…
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Change fixed 5Yr to B2L with Accord?
I entered a 5 year fixed mortgage with Accord Mortgages 2.5 years ago and I now am considering renting out my property due to change in circumstances. I have registered with my council as a Landlord so I have the licence. However I have not rented yet or found a tenant. The mortgage company contacted me saying that I need…
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Mortgage Agreed...
Hello, Had an email saying mortgage fully agreed subject to a standard valuation. Lender is Santander does this mean it should be plain sailing issh now?
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Difference between initially stated debt and actual debt - problem?
When I initially met the mortgage advisor I mentioned ~£1k of debts in my overdraft and credit card which I intended to clear before getting the mortgage. That was a complete dunce moment, as my debt is actually ~£2k. I have no idea why I said £1k, I think because at that exact moment my account balance was ~£1k overdrawn.…
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Mortgage application failed - Re-apply
Question regarding re-applying after a failed application: So I have a single default (satisfied) that will faill off my CRF in July/August this year. I recently applied for a mortgage with Halifax, via a broker, but my application was declined (had a DIP but I realise that's not really worth much). My broker did find…
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Additional loans - Santander
Hi all, I've just been told about the additional loans that Santander offer, through your mortgage. I've been thinking about trying to buy another property and could use the money for this. Are these too good to be true? Anything to be aware of? Thanks, Tanya
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Guarantor Mortgages
Does anyone know if these still exist? I have handed in notice at work, although am still contracted full time on full pay for another 5 months. I don't yet have another job and was planning to take a few months out before finding a new one. (I have some savings to see me through and pay mortgage etc.) Do I have any chance…
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Dilemma - Personal Loan app having just got AIP
Hi Folks, I've got an agreement in principle from Nationwide via new homes mortgage helpline for a purchase (as soon as we sell our bleedin' house!) of a new build Crest Nicholson home using Help to Buy Wales. It initially went to refer but after answering a few Q's it's now agreed. I currently have a personal loan with…
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Current waiting times for Halifax mortgage offer?
Once the valuation has gone back in and it's approved, anyone know how long it takes for them to issue the offer?
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Remortgage on Maternity Leave
Our fixed term is coming to an end in September and we'll be looking to move to a new product with a different lender. My wife is on maternity leave until January - is there a standard protocol for how to approach lenders with this? Presumably they'll want to know that she has a role to go back to in January at her…
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Above Market Valuation Mortgages.
Hi All, Just looking for some basic advice. I think I know the answer already but I wanted to check beforehand. I have been living in my flat for over 2 years now and my landlord keeps offering for me to buy it. Last year when it was orignally discussed I assumed it would be worth about £110k, agents agreed with me but my…
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Calculating wether to ditch the fixed rate
Hi, We are looking at moving to a new more expensive house (new build), but I can't work out if its worth ditching the 3.98% fixed rate and paying the early redemption fee of around £5500 - to start a brand new mortgage for the new house price. The current mortgage was for 5 years and has 3 years left in May and is with…
