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remortgage logic ... get a long term fix now?
Hi All, Having a bit of a senior moment in my 20's and looking for some confirmation / open discussion regarding my remortgage. I am 5.5 years into my mortgage and estimate to have a current LTV of around 58%. My current deal ended last November but due to personal circumstances / relationships / expected salary changes I…
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Mortgage Valuation Question
Hello Lovely People, I wonder if anybody could help me. I own a property which I am trying to re-mortgage to Natwest on a BTL. Here are the key facts: Mortgage Outstanding: £159,000 Surveyor Property Value: £220,000 (thought it was £230,000) Remortgage Value: £170,000 (want to take out £10,000 to put towards a new…
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Partner Contributing to Mortgage Payments
Hi all, My partner and I have started the process of buying a house. Unfortunately our chosen mortgage lender wasn't willing to give us a joint mortgage as my partner already has another mortgage elsewhere, so we decided I should apply alone. Despite this, we both wish to contribute to the payments. Is it simply a case of…
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25 year vs 30 year mortgage
Hi, I am thinking about taking out a 30 year mortgage rather than a 25 year mortgage on our next house purchase. The thinking behind this is to keep the monthly repayments down because we're going to be spending money getting the house to how we want it. The difference is about £60-£70 a month and I was thinking I could…
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Double Mortgage Payment Error
Hi All, I changed mortgage facilities within my bank which basically put me on a better rate. The new mortgage took effect on May 29th and the new amount was taken from my account on June 2nd, however on this date the amount for my old mortgage was taken too. The Bank have said I'll be refunded on July 15th, however this…
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Help with deciding the best mortgage HSBC
Hello I am a new member looking for a little advice for our mortgage please. We have found a property we wish to buy and we are just trying to get a mortgage in place for it. The property purchase price is £129k, we will have £15k equity from our own house sale, so will be working on a 90% LTV. Our current mortgage is with…
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Best overall rate BTL LTV75%
Is there anything out there which can beat HSBC Premier 2.9% lifetime tracker for 75% LTV BTL mortgage? Think it's a better option than switching between Fixed rates too. Property value is 600k.
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Confused about overpayment charges!
I am currently on an SVR with Halifax. Balance on anniversary date on 1st Jan was 67k. After making overpayments balance is now 62k. I have been told on SVR I can make as many overpayments as I want without incurring charges. Current interest rate is 3.99% and I am thinking of going onto a fixed 1.99% for 2 years from next…
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6 weeks to exchange
Hello folks, Im edging closer here, but could do with some advice to get me over the line. I have an AIP for my mortgage from Woolwich, and my credit file has actually improved since then as an old settled default fell off my file last month. The thing is, Its getting to the point I have to sort carpets, appliances etc…
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Effect of bank addresses and electoral history on mortgage application
According to my council, I registered to vote in feb 2015. Only equifax have this on file (weirdly showing from 2014). My previous history is at a different address in 2010. I presume I only have a chance of a mortgage with lenders who check equifax. When callcredit and experian eventually update my file to reflect feb…
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Help to buy isa
Hi, I was wondering if anyone would be able to answer this question:- I got rejected as a joint mortgage applicant due to poor credit, can I open a help to buy Isaiah the autumn, to top up our deposit where my wife will be sole applicant? Thanks in advance
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First time buyer help.
Hi, my partner and I are desperately wanting to move in together, he is very sensible with his money and has no kind of debt etc. I am the opposite. I had every intention to sort myself out before attempting to buy a house but my parents have offered us a deposit and between us we'd easily be able to afford the mortgage.…
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First time Buyer requiring a little guidance
Hello and thank you in advance for any help you are able to give. I am a member of the Armed Forces and as so, i am provided with a house. My Wife and I have recently started looking at the idea of buying a house or two. We have been playing with the idea of perhaps buying a house for us to live in and a small flat to rent…
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help needed - valuation
I'm shopping around to remortgage. My current provider wouldn't need a valuation to remortgage but I am looking for a better rate. But would a new provider? I think my house may be worth less now than when bought. My current provider will accept the price I bought it at as value now. I am worried that no other mortgages…
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Coventry Building Society mortgage valuation & retention on unessential repairs
We're currently trying to buy a house and getting the mortgage through Coventry Building Society (with the lack of help from London & Country mortgage brokers). They sent a valuer round to the property to do a valuation on the house and he came back with a few points about damp and timber insects. However, the valuation…
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Broker Recommendation Required
Good Afternoon, After a broker recommendation for the following case; Buy to let, midlands area, £60-£65,000 purchase price, 20% deposit, deposit from savings and matched betting profits, all in UK accounts. No bad credit. Homeowner. >£25k income. 2 credit cards, one with zero balance one with £5000 which is being stoozed…
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Mortgage restricted
Anyone know what they mean when they say mortgage restricted? The broker has came back and said this and required a copy of credit file. The credit file is fine all green, no bad financial links and no missed or even late payments. On the electorall roll etc just curious while waiting for him to call back as to what this…
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Likelihood of interest rates rising/falling
When I first started looking at mortgages I was convinced getting a fixed rate for as long as possible was the best idea, now I'm not so sure. It's not something I've ever looked in to. What's the best place to look to find out the experts predictions etc? tbh I'd rather reduce monthly payments and pay more interest over a…
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TSB Valuation to Offer Query- Panic!
Hi all, First time buyers, we are slightly concerned about the length of time we are having to wait for our mortgage offer Timeline: Offer accepted 15th June (185k) Meeting with broker 18th June Full application submitted to TSB 19th June Valuation took place 24th June As of yet we have still not heard back regarding an…
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Mortgage Advise Needed (Pay Day Loans)
I am in need of some much needed mortgage advise! My partner and myself have been planning to buy our own home for sometime and have been saving towards our deposit. Recently, we discovered we are due to have our first child which has escalated our mortgage plans. In the past, I have used pay day loans and was reliant on…
