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STILL waiting...
Still waiting for decision from Santander whether or not they will accept our mortgage application. They've told us we should know by Tuesday/Wednesday at the latest. But me being a stress head I'm thinking of sorting out some back ups just in case they fall through (self employed situation). Been looking at Aldermore and…
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Advice about re-mortgaging for how many years pls?
Hi, I wonder if anyone can offer me advice please? I have a 25 year mortgage which has 19 years left. I am re-mortgaging with first direct as I want the option for unlimited overpayments - I want to pay off my mortgage asap. I plan to have a 2 or 3 year fixed rate and have it paid off in that time with said overpayments.…
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Re-mortgage and request new valuation?
We bought our house for £265k in 2011 from a divorcing couple who needed to sell quick and were flexible on price to enable that. Our mortgage and LTV is based on that valuation. In the past few months a number of near identical houses in our street and neighbouring ones have sold for £320-360k. We are due to re-mortgage…
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broker at estate agents
Quick question - we've put an offer in with a house up for sale with Nick Carver estate agents. They've (obviously) advised me to use their all of market broker. I've read on here not to use estate agent brokers, does this still count as EA broker if they are whole of market? I do have another broker lined up who I found…
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Confused - best option?
Hi all, Just looking for a bit of advice please. Apologies if this is long... Husband and I have a 2 bed home which is mortgaged. House is worth around £145k and our mortgage is currently £95k. We have two children with a 3rd on the way so quite squished and it's going to get worse! My husband is self employed now and has…
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Weighing up the options
I have a mortgage with The Coventry. its in 2 parts for a total of £52k outstanding at 2.26% due to finish in 2021. Both parts have an early settlement fee of £350 (so £700). Another 3 years fixed on this product. I'm coming in to some money that'll allow me to pay this all off. The big one for me to decide is whether I…
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Norwich Union/Aviva maturity
I bought my first property in 1990. I have solicitors papers confirming repayment of mortgage/insurance policy to be set over 20yrs. In my naivety I signed endowment policy (Norwich Union)at Brokers without reading everything. It was set up for 25 years, an error on the policy. I didn't notice this until expecting maturity…
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Weighing Up My Options
New user of the forums and have so far read some really useful posts. I am looking to buy my first home and was speculating on what my picture looks like to the experts on the site. I intend on using a broker when i return from my travels in the coming month. I am currently a contractor, i have a daily rate of 375 per day.…
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Overpay Nationwide BMR or tracker?
Hi all, I'd really appreciate some thoughts into this situation! We have 3 Nationwide products on 1 property (ported twice). They are- 1. £30k on BMR 2. £45k on BMR 3. £132k on 3 yr 2.74% tracker (6 months into it) All 22yrs left. We pay just over £1k/month in total and can overpay by £150. Which one would you overpay?....…
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Looking for a small Mortgage with a bad credit score!!
help needed here please Myself and my partner are buying our current residence off a family member (we are currently renting it off them). We must buy as they are moving and need the money for their new property. OK, I will admit that my credit score could be a load better - I have a defaulted loan and a standing…
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First Time Buyer - Help To Buy Questions
Hi all, Me and my partner are looking to get our first mortgage at some point this year. I was wondering what peoples thoughts are on the Help To Buy guarantee scheme (not the equity loan), or if they have any tips/advice in general. We're looking to get a new build, under 160k (live in the Midlands), and would be putting…
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prioritising debt for mortgage in principal
Hi This is my current financial situation: * Deposit - £16,000 * Salary - £39,000 * Debt - £5900 settlement balance on a car. £150pcm * Debt - £3800 settlement balance on a loan. £80pcm * Debt - £2500 overdraft. £25 fee pcm. * These debts are not a burden and I am not struggling. * Always lived in an overdraft. * Single…
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4 bedroom not really ...help
Hi there, I was hoping someone could give us some advice ? So after weeks of call to the mortgage provider etc etc we can now port our mortgage and all affordability checks are passed !! So we have the survey going ahead this Wednesday, however we have noticed the estate agents have advertised this as a 4 bedroom house,…
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Property abroad
My mum died recently. She had a holiday home in Spain with an outstanding mortgage which will be paid off with an insurance policy. She died without leaving a will so in Spanish law the property automatically passes to my dad. However, Spanish inheritance tax rates for non-residents are high, so in order to minimise costs,…
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"amount to be advanced to conveyancer"
Hi all. So im buying a property for £275000, i am getting a mortgage of £110000. I have just received a letter from my solicitor as he has just received my mortgage offer. He states amount of loan - £110000 amount to be advanced to conveyancer - £259,200 i dont see where this 259,200 has come from, and secondly what amount…
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Self employed income
My husband has been a self-employed joiner for the past 12 years. Previously he was a sole-trader but just over a year ago he set up a limited company as he went to work for a house-builder as a contractor and this was one of their requirements for him getting the work. He pays his tax via the HMRC CIS scheme, takes a…
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New build mortgage
Hi people, Maybe one for the MSE brokers We have started the process of buying a new build that will be ready at the end of the year. We have a broker doing the mortgage part for us, they originally found a LTV 30% 5 year fix for us for 2.39% with £995 fee and no valution which we were really happy with. But they came back…
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Whole of Market Mortgage Advisor.
Hi folks, In relation to another post of mine that I made, regarding a mortgage advisor that isn't the best at 'advising' us, and after a PM I have received from a mortgage advisor on here (yet to be confirmed) I hace been wondering if any of you lovely people could reccomend a really good advisor to help us, as first time…
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Remortgage + equity line
Hello, I am getting toward the end of my mortgage fixed period, and need to remortgage within the next 3months. According to the MSE tool, i can get 5 years fixed at 2.09% which is roughly the same rate that i currently pay for my existing year 2yr fixed, so i am pretty happy with that. Given how attractive the rate is,…
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Joint mortgage_3 people
Friend of mine is a family man with wife and children. They can't get mortgage on their own, mainly because of the high childcare cost and low combined salary. They are thinking of adding their long distance cousin who lives with them to the mortgage. Cousin is on good salary, single and will be staying with them in the…
