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Remortgaging advice
Dear SMEs. I hope you can find few moments to advise whether from your own experience or work/worked as a financial advisors etc. i will write the below scenario on someone's behalf so might be missing few details but hopefully this is enough to give you an idea. I came across my very good friend's situation and I wasn't…
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1 income or 2
Just about to apply for a mortgage to buy a new house. I earn 35k a year no dependants and only 2k on a 0% credit card, LTV is less than 60% and I'm looking at borrowing 105k. My husband is self employed so I'm thinking of applying on my income alone. What's peoples thoughts on this? I've received a mortgage in principle…
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To fix or not to fix...
Hello I am in a quandary and am hoping that someone out there may be significantly better at maths than I am! I have been on Nationwide's BMR for some time now. It sits at 2% above the base rate and I am allowed to make unlimited over payments. I am also entitled to access all or some of the value of the overpayments via a…
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Equity Help
Hello all, I'm posting this on behalf of my partner, so apologies for my lack of knowledge of mortgages etc. Ok so, my partner's Grandparents took out equity on their home some years ago but her Grandfather sadly passed away a couple of years back. The family wondered if the equity should still be paid off? Does it just…
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below base/libor tracker mortgages no collar
Hi i know it would be unheard of these days. But after doing some reading i was wondering if there is anyone out there with a tracker rate that is 1% or maybe 2% below BBR/libor. If so has the lender imposed or attempted to impose a collar. If not well are the bank paying you on your mortgage balance? Would an interest…
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Please Help - Buy to Let ...
Hi all I'm hoping I can get some knowledge from all of you very wise people. The background:- Me and my DH bought a home in the North East almost 4 years ago, took out a repayment mortgage that was fixed for 2 years, all fine. We then re-mortgaged, again to a 2 year fixed repayment mortgage - 4 months in we decided we were…
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Natwest valuation.
What company to natwest use to value? Been told that they will be getting in touch. I want to try and rush it through and phone valuer today.
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Endowment
My Endowment will have a shortfall can I reinvest it. It is not linked to mortgage.
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Affordability check concerns
Hi there, Me and my partner are in the market to buy our first home. We've found a flat that we like and have got a meeting on Monday with our mortgage adviser where he'll do an affordability check on us. I'm becoming increasingly concerned by this because as a minimum wage bartender with a gambling problem my spending…
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Can I borrow more than 4.7x income?
I'm self employed and, according to my accounts, my average net profit+director's salary is £75,731. That allows me to borrow £355,000, but we need £410,000 to get the house we want. When I spoke to HSBC, the guy on the phone mentioned "plus the 15% you get £410,000." Perfect! But upon applying, they've turned us down (not…
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Should we remortgage even with the 3% ERC
We took out a save to buy mortgage in June 2013 with the nationwide and we got one of their 5% deposit products. We took out a 4 yr fix at 5.49% and we borrowed £217k. Our monthly repayments are at £1232. We make about £100 per month overpayments and are up to £1400 in overpayments so far. We bought the house for £232k. 2…
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Remoraging a house, maximizing the equity.
We have a house in Fulham, London with a lot of equity in it. The house is currently worth 2.2 million pounds and we have a morgage of 250k pounds. We are both live overseas, Whats your guys best advice to release equity from the property. Would we remorgage it or get a loan off it.We're overseas landlords and the house is…
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I've been conned - need advice
A couple of months ago I put down a deposit for a new house. I got my mortgage offer and the solicitor sent me the contracts but I didn't immediately sign them as I wanted to have a good think about whether I was making the right decision. 2 days ago I received a phone call from my solicitor saying that he had received…
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Seeking Reassurances
Hello all, please go easy! I have applied through a broker for a Help to Buy Loan Mortgage. I have a 5% Deposit the rest to come from the Equity Loan Scheme. My broker has told me that i 'meet criteria' i have had a AIP and have passed credit scoring. I have received a copy of the Key Facts and everything seems acceptable.…
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Being charged for a gifted deposit?
Hi All Is it normal to be charged in excess of £500 solicitor fees for having a gifted deposit?! The gift is only £2000 and they are saying that they need to verify that the donor isn't going to go insolvent! Halifax are aware of the gift and have had the relevant letter signed by the donor. Thanks in advance
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Halifax consent to let - fix rate
My fix deal runs out early 2016 and I'm planning on fixing for another 4 years with Halifax, hopefully rates will still be low at that time. However, in 2018 I might want to move for a couple of years to a different city, and rent a flat there. How difficult is to get consent to let from Halifax under these circumstances?…
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mortgage isa's
Happy friday guys. Okay. Husbands transfer has been delayed and so is our mortgage hopes for now. I have just read about Mortgage cash Isa's. Coming soon in December.! From what I understand we both can apply for !seperate Isa's? Is there a minium time for such schemes. We would only need it for 10 months at most?…
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cancer- will i be able to remortgage?
hi there, can anyone offer a bit of general advice please? my partner and I took out a joint mortgage with Halifax fixed term 2 years as first time buyers (80% ltv). it's due to move to standard variable rate in early 2016. since last mortgage we have had twins : ) and in total we now have 3 kids. our combined income at…
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Mortgage broker advice...please help with advice!😦
Hello, I recently had a mortgage offer given, at the start of September.This was done through a mortgage broker who is my uncle. Unfortunately our relationship with him has soured due to family matters. Just wanted to kow that at this point will I still need him to help me with the property or will it just be with the…
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Crb (dbs) checks
Hello, My mortgage deal will be coming up for renewal in 6 months and naturally I'd like to shop around. I have a very good credit report but expect to have a criminal conviction against me by the time I re mortgage. I am not a career criminal and what I did was a mistake - acting out of character. Anyway, do mortgage…
