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BTL Options
Hi, have to remortgage my BTL property on 31.12.15, have been offered: • 2 year fixed = 2.70% - £426 per month over 25 years, £199 arrangement fee which gets added to the mortgage. Free valuation and free legal fees. • 5 year fixed = 3.39% - £460 per month over 25 years, £199 arrangement fee which gets added to the…
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Remortgaging & Solicitors fees
Hi all, I'm currently in the process of trying to do a remortgage to a) get a fixed rate and b) consolidate a build-up of unsecured debt. The problem I have is two-fold: 1) Credit rating isn't great, hence I'm having to look at specialist lenders 2) The specialist lender is stipulating that the solicitor (which has to be…
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New mortgage and consent to let
Hi all, how long after getting a new mortgage will a consent to let be likely to be approved (I appreciate this depends on provider, just seeking a ball park figure)? To give some background (I'm honestly not trying to diddle the system) - I bought my house 2 years ago and currently on a fixed term for 3 years. Typically,…
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Address Help
This is the pickle; Bank Account & 2 CC registered at my parents home but I've been living & paying rent in a private property for the last 3 years. What address do I apply with? If I apply with the parents won't they ban ask where £600 is going per month? Help please?!
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Santander Valuation
I just had a santander valation on a house purchase. The estate agnts said they didnt collect the key from them and the surveyors office listed is in Glasdow about 400 miles from the house. Do you think they acctually visited the property but didnt go inside or just did a desktop valuation? the property is 2 years old…
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Redacting Bank Statements?
Hi Folks, I am in the process of remortgaging with our building society and my wife and I have been asked for proof of income for salaries (in the form of salary slips) as well as proof of Child Benefit for our 3 kids (in the form of 6 months banks statements). I supplied the salary slips as requested and asked my bank to…
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Mortgage running until retirement - any benefit?
Hi All, I have a mortgage with First Direct ending in 2026 but have the option to extend the term until retirement age or 65. Just wondering if there is any particular benefit with either one. My mortgage is an offset mortgage and i'm currently offsetting a large amount so the interest is minimal. Most likely I will move…
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Applying for a mortgage - bursary payment
Hi, Myself and my girlfriend are currently applying for a mortgage. She is employed full time but I am a PhD student. I earn £14k a year tax free bursary with around £3k on top coming from a part time job. We have approached a number of 'high street banks' and found that they do not consider my bursary payment and as such…
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Broker help!
Hello, Our 3year fixed rate mortgage has came up for renewal at the end of August. We paid off a lump sum and our mortgage broker then took over to negotiate a new deal for us. It's now nearly November and a new deal still hasn't been arranged. This is my first time coming to the end of mortgage terms so I really don't now…
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Getting Pre-Approved
I want to get pre-approved for a mortgage but am not absolutely positive how much they home I want to buy will be. Should I get pre-approved based on what I have a 20% down payment for, or should I wait and identify the home I want before getting pre-approved? I've read articles that say pre-approval is the way to go, but…
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Children saving for initial deposit
Hi All Thank you in advance for looking at my question. It seems to be simple but I am unable to find the right answer, so seeking help from any of the experts here. I have two children and both have simple savings account in two different banks (no ISA's). Both accounts have nearly £8k in them respectively. The money has…
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shared ownership and remortgage question
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Are First Direct Difficult to get a mortgage with?
I'm thinking of applying to remortgage with First Direct. I am currently with HSBC. It would be a joint application and we both have excellent credit ratings, but the online calculator of how much you can borrow seems a lot tighter than HSBC. It still comes out with enough but with less head room than HSBC, so I was…
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Releasing money from house
Good evening, just wondered if anyone could offer some advice We own our property outright, valued at £100,000 We are wanting to extend our property, make some other improvements and mop up a few debts using the value in the house to do so. Is this as simple as remortgaging the house or is it called something else. Looking…
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Removal of name from 100% Mortgage
Hi all, I have recently got married and my wife (6 years) and unfortunately she has a mortgage on a property with her ex partner. She bought the property about 8 years ago and they got a 100% mortgage. Cut a long story short, he cheated on her and his new girlfriend moved in and is paying my wife's share of the bills. The…
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Will this work?
Our buyers have a 5% deposit, they have been told by a financial advisor because there is a property in the background they need to raise a 10% deposit, they are currently applying for a personal loan to increase the deposit to 10% Does anyone know if this will cause further problems down the line?
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In a dilemma
Hi - can anyone offer any advice? I took out a two year fixed term mortgage with Platform in early 2014. At that time I was in a permanent job and got a mortgage for £135k for a house value of £195k. I am now in a fixed term employment situation (plus a little bit of self employed income) and am having trouble…
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Switching at end of fix?
Hello, this is still a couple years in the future, but I'm just curious. I'm with nationwide on a 4 year fix. If at 3 months remaining on fix, I choose to switch to a new deal with current provider, will my overpayment allowance stay the same I.e. 10% of original mortgage or will it change to being 10% of the opening…
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Cant find a mortgage, anyone advice? HMO
Hi, I have found a property I want to buy. Its a 6 bed licensed HMO. Problem I am having are three main points, I spoke to L&C advisors who couldn't help. * Im 24 (25 in feb) * Property value is 95k * My salary is only £22000 (although I do rent out another property for £4800 per year) Anyone who knows any…
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Married - include wife?
Hi Applying for Mortgage but only me working, should I do it in just my name?
