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Help to Buy - paying off equity loan
My partner and I purchased a 2 bedroom house under the home buy scheme 5 years ago. The equity loan we received was approx £37k. The interest on this has now started to kick in. We recently had the house revalued and are looking at additional lending/remortgaging to pay off the loan. According to the valuation it has only…
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2 Mortgages
Thanks in advance for any advice that I receive, I am looking to find a financial advisor but struggling at present to find a small single one. I am just wondering if it is possible to have 2 mortgages on the same property example below, I would just like to split between part on interest only and part as repayment but i'm…
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Fixed term ending, mortgage affordability?
Will the new affordability rules have an impact now that my fixed term is ending with the Halifax, for getting a new fixed term deal? Or will it be straightforward to join a new product with the Halifax again? I'm a bit confused about if I'll need credit checks or if they will refuse to offer me certain products now. Any…
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Equity release on a second property
I am interested to know if you can gain equity release (i.e. cash) out of a second home that is rented out? No mortgage on either and we are both (husband and wife) over 65. Would this be possible. Any info much appreciated.
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Henley Economic Society
Hi, I am looking for a mortgage and one of the comparison sites listed Henley Economic Society as the lowest premium which is really lower compared to the next one on the list. However, based on my research they seem to be a small lender, and I do not want to fail to get the mortgage because they are small and still have…
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Mortage down valuation
had a property down valued by 5% £16,000. The report also states the rood structure need aditional suport. The vendor wont budge on price. Its been on and off the mark for a year now. The EA tells me they have had offer in excess of the guide so wont go lower. Question are we being stupid considering over paying. We know…
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Mortgage lender and home insurance
Hi I took out my first mortgage with YBS almost a year ago. Their Ts&Cs stipulate that their interest needs to be noted on any home insurance. Fair enough, arranged insurance at the time with company A, noted interest happy days. Fast forward to today I have just arranged insurance for the next year with another company,…
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Remortgage with poor credit rating?
Hi, I recently started renting out my house, but I am yet to tell my bank (I was actually advised by the estate agent not to, as they would put me on a buy to let mortgage and increase my interest rate). However conscience is getting the better of me and I'd prefer to do things straight down the line. My problem is my…
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Advice please for purchasing house next door
Hi, any advice would be greatly appreciated. My neighbours have decided to sell and are going to put on market as have seen another investment. They are putting it up for sale for £270,000. My parents are wanting to buy the property to live in but they havent sold their house yet. There house is fully paid worth around…
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Is owning just one home enough for me to convert that house to a buy-to-let?
I'm self employed and have no private pensions or investments at the moment. So I intend to buy a few properties to let before I retire (a long way off yet). I don't own any property at the moment. The lending criteria for a lot of buy-to-let mortgage providers is that the person taking out the mortgage is a homeowner…
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After offer timescale
Hello, Me and my partner have got our mortgage offer in the post today, we are purchasing through Barratt homes and we were told that we keep this copy and sign the solicitors when they instruct so? is this correct? also, my partner is in the armed forces and is going away at the end of the month and the solicitor is going…
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Mortgage Options
First of all, thank you for your help. I am conscious that I'm asking for free advice, but really do appreciate it. My partner and I are beginning to look at potential options for Mortgages, and have a few (admittedly) silly questions to ask. Our current combined income is £58k, and we have a young daughter (who attends…
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HSBC Mortgage Chances?
Me and my partner are looking for a £150k mortgage with HSBC with a £37k deposit. We have had an AIP of £158k confirmed. I am nervous as I have one missed credit card payment from 50 months ago, my days as a student, and have applied for two credit accounts in the last 6 months (switched bank accounts and applied for a…
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What to do ... What to do??
Hi, So I'm new here to posting but have lurked for a while I know that this is the best place for advice. In simple terms we would like a mortgage by August 2016 (when our contract runs out on our house) and we currently have savings in the save to buy account with nationwide. I earn £16500 and husband earns £19000 ... I…
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Nationwide mortgage application credit search on Experian only?!
Is that odd? There's nothing on my Equifax account showing a search. We applied and got accepted for the mortgage in June and the house is going to be ready in October - do you think they'll do another credit search? Should I be concerned about this? It also shows 3 searches - 2 are soft (no impact), but one of them says:…
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Partial buy
My mother has just come out of a messy divorce with the financial agreement coming out as £25,000. She does not have this money and neither do I as a lump sum. She doesn't want to move and I don't really want to force her. I'm looking to buy a % of the house for the £25,000. I need to get this £25,000 over a long period of…
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I have my mortgage offer but I have been offered a new job!
Hello! I am looking for advice. I have received a mortgage offer from NatWest based on my current job which is fixed term until December this year. I have received an offer of a permanent job with a salary which is £8000 a year more than my current job with another company doing the Pretty much the same job. The new job…
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Natwest 100% Retention
Hi, We're trying to buy an old house that has been used as office space for the last 20 years - it therefore has some glass partitions and suspended ceilings. We want to port across our Natwest mortgage however they've said this won't be possible until the glass partitions have been removed and replaced with partitions for…
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Decision in Principle - Accept
Hello! My husband and I are first time buyers and have been saving to buy our first house for 8 years. We are working with a mortgage broker and received an immediate Decision in Principle - Accept when he put it through with Nationwide. We have paid a reservation fee on a new build which is literally ready and waiting for…
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Is it worth getting a revaluation???
Hi all, I'm after a bit of advice if I may. I bought my property last year for £200k. It was a project that I have renovated to live in. I got it all finished about 6 months ago and have been settled ever since with no intention of moving just yet. Out of curiosity more than anything else, I had an estate agent round to…
