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BTL mortgage quiery
My current 2 year fixed BTL mortgage comes to an end 31st december so i will be then on a variable rate of 4.84% isit worth changing mortgages with arrangement fees etc being so high?
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Switch to Halifax SVR - warning
At the end of my fixed term mortgage with Halifax, it reverted to the SVR rate of 3.99% (lower than I'd been paying on the fixed rate). I noticed that since then, the monthly payments were actually higher. When I rang them, they admitted a mistake on their part - they had recalculated the mortgage on the new rate just…
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Mortgage Advice
Good morning all, Due to my age I am not able to secure a buy to let mortgage but have a residential mortgage offer. I understand that this is a breach of the mortgage contract as it is offered to me on the basis that this is where I intend to reside and is dishonest. My intention is to have the mortgage fully paid off…
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commission and default
Hi, just wondering if anyone can advise on our situation. I have a house in my own name which is mortgaged. I am planning to sell and move together with my partner. My credit is excellent, and my income good - same employer for years etc. My partner works in sales with a low basic, and most of his income made up from…
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Mortgages & Self Employed
Hi All I have a situation that I would to get advice on and wondered if this is a common problem agmonst the self employed. I'm going to be completely honestly with the details and it frustrates the hell out of me. I run and own small electrical contracting company that was established in 2008 (7 years). The business for 6…
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natwest requiring to verify income from hmrc
Hello. .I am in need of some advice. myself and my husband applied for a mortgage via a broker to natwest. process has been extremely slow but we finally got our valuation done last week and everything seems fine. I spoke to natwest a on Saturday and there was no cause for concern. on Monday morning I got a call from my…
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mortgage and protection advisor
Hi I have interviews at both andrews online and which mortgage advisors. My knowledge of mortgages is quite good put protection is less good I am going to be reading up on the protection side of things but any advice on the whole of market arena/ useful or insightful things to get in? thanks
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MSE Mortgage Tool stuck on Moneysupermarket
I have just used the MSE Mortgage Tool and selected a mortgage from HSBC. The page states that this is only available direct and not through brokers however, when one clicks on the HSBC or GO links it only takes you to the Moneysupermarket mortgage tool! A little bit silly as I will have to go direct to the HSBC site and…
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Remortgaging part of your mortgage - is it possible?
We've got a superb lifetime tracker rate for the most part of our mortgage. Base+1.1%. Not letting that one go! A few years ago we had some additional borrowing - same lender. So its sort of two separate parts on the mortgage - one at 1.6% and one (was) at 2.95%. The additional borrowing was a special though and its now…
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Need to remortgage 31/3/16- should I book rate now????
I appreciate this question is a bit like looking in a crystal ball howeve I wondered what the current view on mortgage rates is? We are currently on a 2 year fix with accord which comes to an end on 31/3/16. As some lenders allow you to book 6 months in advance I've been thinking about it now. We have a 78% ltv I've seen…
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UCB / Nationwide - Did you receive letters this year asking for increased payments?
I have a mortgage with UCB (a subsidiary of Nationwide) and I received a letter (January this year) advising me that my monthly payments were going to be increasing. I am in a fixed rate deal so wondered why this was happening? On delving and making further enquiries, the long and short of it is, I have discovered that UCB…
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Trapped and Exploited by Nationwide
This is the situation. We were mis-sold an EQUITY RELEASE MORTGAGE by a broker. The Broker has paid us compensation but we have a short fall on paying off the mortgage. This is our only asset we have and like any other family we wanted to leave it to our children. My daughter is selling her home to raise as much money as…
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WWYD - Lifetime Tracker or 2 year fix????
Dear All I am weighing up the pros and cons of new mortgages - I am definitely remortgaging as my current rate is SVR and not competitive. I am mindful that the Bank of England base rate cannot stay at 0.5% forever and think now is a good time to switch. The problem is I don't have a crystal ball!!!! OPTIONS A) 2 year fix…
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First time buyer - Dividends income
Hi, New to the forum. I'm in the process (planning at the moment) of applying for a mortgage (first time) - I was wondering if anyone had any experience of applying for a mortgage when a large portion of their income is based on dividends? I work for (or now manage) a small company of which I own a percentage of, from this…
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Mortgage for New Build - change to another plot
Hi All - we currently have a mortgage offer from Halifax. It's a Help to Buy mortgage for a new build property. We have the plot reserved however I was wondering, if for some reason the sale of our current house falls through and we have to give up this reservation due to not being able to find a new buyer in time, would…
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Mortgage for New Build - change to another plot
Hi All - we currently have a mortgage offer from Halifax. It's a Help to Buy mortgage for a new build property. We have the plot reserved however I was wondering, if for some reason the sale of our current house falls through and we have to give up this reservation due to not being able to find a new buyer in time, would…
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Mortgage on a second property
My job has taken me to a different town from where I currently live with my OH. The 4 hours a day of commuting is getting a bit much and I am looking at buying a small flat to live in during the week. We have one in mind which would be a great long term investment or future holiday home should I end up working closer to…
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Nationwide Overpayments in calendar month of completion
In case anyone else finds themselves in the odd position I was in... Having divorced, sold the family home and ported the whole mortgage (which has ERCs) to my new home, I had equity from the house sale. I paid the maximum penalty-free overpayment (10% of the ported balance, not the original mortgage balance) as soon as…
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N Hunter Inconsistency (Partner Only)
Hi, Me and my partner both have requested our National Hunter reports, my report is marked as "clear" in all pages, but my partner's report is marked with "inconsistency" in the most recent application a few months ago. I am applying for a mortgage next month and I wanted to know, will this affect my chances of getting a…
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Which BTL mortgages use a paper valuation?
If you have found one please let me know?
