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mortgage ticking away !
I am wondering if anyone can help me. I took out a mortgage 8 years ago and its only a 15 year mortgage. Its only an interest free mortgage. Because I'm self employed it doesn't look like I earn much on paper due to the amount of 'allowances and expenses' that I can put down. My mortgage company, Mortgage Express, stopped…
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First time buyer
Hello I am looking for some advice. I am looking to buy a house in the next 12 to 24 months and want to know if it is worth visiting potential lenders or a broker now and see how much I can borrow on my current salary. I have just started a new job, am due a pay rise before the end of the year and a promotion middle/end of…
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Aldermore Experience?
Hi All, Looking for anyone with recent experience using Aldermore. My situation... Default Aug 2010 for £180 settled following month Credit card (£400 outstanding - limit £500) & Next account (£1000 outstanding - £5000 limit) both up to date no missed payments in the last 24 months PDL use - last July 2013 No other credit…
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Does First Direct discriminate against Armed Forces?
I posted the text below onto First Direct's Facebook page after a very long and frustrating conversation with their mortgage advisor. I doubt I will get any resolution from them. Has anyone else had an issue with them regarding mortgages and if so, how do I take this forward? It goes on a bit so I apologise - but at least…
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insight into the mortgage industry
Hello all thank you for reading my post I was an experienced Mortgage Advisor back in 2008, I left the profession due to the financial crisis, then I had a baby then I got seriously ill so could not return to work. My child is going to school in September and I'm almost recovered from my illness so now I'm intending to go…
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Mortgage Rate
Can someone please illustrate to me how to calculate a monthly mortgage payment. Initial Rate: 2.65% Fixed up to 2017 The overall cost for the comparison is 5.4% Maximum Loan to Value 75% Current Balance is £118726.78 We are currently on a Fixed Rate of 5.35% paying about £758 monthly. We will be staying with the same…
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Let to buy
Does let to buy exist at all any more? I'm thinking ahead towards the future, we currently have a flat in London which we love and if at all possible when we move (inevitable at some point for secondary schools) will we be able to get a let to buy mortgage in order to buy a family home outside of London? Obviously no one…
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How To Interpret My Credit Reports?
In advance of starting down the mortgage application path, I signed up for the free 30-day trials of Experian, Equifax and Callcredit. The latter two are via the checkmyfile.com website. Overall, the results look reasonable but wondering if anyone can give me a steer as to just how reasonable and whether any remedial…
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Moving into a home I already own
hi I am moving into a home I already own. It has been let out but it has a residential mortgage on it. I am looking to remortgage as soon as possible, but the high street lenders I have spoken to seem to require that I have lived in the property for at least 6 months before I can remortgage. Can anyone suggest a lender…
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How much can I borrow?
Hi, Just have tried searching this and found a few threads but it appears every case is different so here goes. I am looking to purchase a house (first time buyer) and have the deposit saved up. The house in question is in a good area but it appears an old couple have lived there so it needs decorating throughout, new…
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What are my options?
Hi everyone, Just after some advice about moving and mortgages but a bit of background first. We have a house valued at £325,000 (next door sold 3 months ago at this price and they are virtually identical) and a remaining mortgage of £202,376 on a 5 year fix with the WestBrom at 3.39%. The mortgage is 20 months into the…
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Ap markers on PDLs.
Hi. Finally have send my reports of to a broker. Like we all know PDLs does not mean auto decline. My last on was 3 years ago this month. Howelver whilst looking through my CR I noticed that on a couple of the PDLs there were AP markers inder the green dot/marker. So I obviosly agree to pay one or two of theae stupid loans…
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10 Year Fix - Thoughts
Hello, My scenario - Mortgage Balance 55K. Term 12years. House value 170K. Current mortgage with C&G fixed at 2% above base, so 2.5%. - I'm not in a mortage deal with them its just I've had the mortgage for so long its before they changed thier rules. So it can never go more than 2% above base. I've seen a deal with First…
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B2L first mortgage
Hi, Can your first mortgage be B2L? I can't find any providers: they all want me to have a residential mortgage first. Thanks, Tom
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2 yr fix 1.69% with £499 booking fee OR 1.99% without the fee?
I am about to change my mortgage product with Santander (I am currently with Santander and have no intention to change the provider as I get the cash back on 123 account) and need a bit of advice! The best and lowest product is 2 yr fix at 1.69% which I am thinking of getting after researching online myself as well we…
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FTB: When can we hire a broker?
Hi I've been looking around online for a broker (as I don't know anyone to recommend me one) I've found one that doesn't charge (don't know if that's good or bad? Had budgeted £300 for it). I want to ring them to get a feel for them before going with them but it's probably too soon at the minute. Basics are 160k house, 20k…
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Santandar Over Payment Confusion
I'm probably being super dumb here but I don't understand this: I have a 5 year fixed Santander mortgage that ends July 2018. I originally borrowed £135K and have being making monthly over payments of £300 to bring down the term. Santander are now telling me I need to make a minimum of £400 over payment a month otherwise…
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what is 1.5% worth ? Which calculator?
I would like to find out the amount I would save over 5 years, if I switch £36000 from 3.89% to 2.49%, so I can see if it outweighs the early payment penalty on the 3.89 mortgage? I get the saving out as £168??? over 5 years. Thanks for any help. I Should have added that redemption fee is £1086 with current lender and no…
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Remortgage Guide
It's a very helpful guide, thank you. But you've sent me the link email 14 times now, stop it. It's only happening with this one email so I don't think it's my email (Fastmail). Enough already!
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Second Mortgage
Hi All, I am currently a joint owner with my mum in the property that I live in. There is around £5000 left to pay on the mortgage for this property. I am now looking to purchase a property with my wife. This property will be my main/only residence, but I also want to keep ownership of the existing property. Does this mean…
