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Co-dependents
Hi I need to re-mortgage in June and ideally I would go for a 2 year fix and then change every couple of years as I cant see the rates changing any time soon. The current mortgage is in my name only and on the remortgage we want to borrow up to 4.5x my salary to get a new roof/windows and driveway In the next year or so we…
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affect on overpayments when bank recalculates mortgage
Hi all just to check that i have the theory correct on this one. I currently overpay my mortgage each month (as well as intermittent lump sums), the mortgage co do not recalculate payments so dd remains the same and the term is also left alone. However, they will recalculate at certain points (such as end of fix, interest…
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I feel a idiot going through mortgage application but applied for balance transfer
Currently going through a mortgage application and NatWest have taken the money for valuation and that but I applied to transfer balance my credit card after this! Now I am worried this going effect the application after speaking to people! Can this affect my application really nervous as a first time buyer ! Please can…
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Natwest mortgage switch or early exit fee?
Hi all, I have a 2-year fixed deal with NatWest that doesn't expire until the end of October. I've just found out I'm pregnant and will very definitely be off on maternity leave when my fixed term expires and I'm worried I won't qualify for a new mortgage with such a reduced income. I have savings and will have no problem…
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Withdrawing from buying and mortgage?
First of all, thank you all for your usual feedback, responses and wisdom - buying a property in England is difficult!! I have (yet) another question about mortgages. What happens if (it hasn't, I'd like to be informed) for some reason I pull out from buy the property? for example valuation low, structure issues, etc...…
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Help with AIP
I am desperately seeking some quick advice on agreements in principle. I'm a first time buyer and looking to get some advice ona problem I have with a broker. Recently I found a property and immediately fell in love. So I contacted a few brokers to see what the state of play was like with interest rates and deals. When I…
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Mortgage based on take home salary
Hi All, I was sure this question must have been asked before, but thread trawling turned up nothing exactly like what I'm after so I'm hoping the financial guys here might be able to assist. As a company director, I pay myself in the time honoured basic pay plus dividends manner. I am looking to get a mortgage and am…
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Mortgage Credit Card payments
Hello, I've been thinking of doing this for a number of years now, but forgot and just recently popped back into my head. I've got a mortgage @ 50K with 15 years left. My interest is 3.99%. I've read the T&C's of my mortgage, and can pay off as much as I like, just as long as I don't pay it all off before the full term. I…
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Complicated! Exes, re marrying and mortgage.
Hello Sorry this is quite complicated and I'm not sure if this is even in the right place. My partner is stuck on a mortgage with his ex. He has chosen not to force a sale because his three children live with her. She has her new partner living there. Her new partner has paid for a lot of building work and a conversion of…
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Does cohabiting partner HAVE to be on the mortgage?
Sorry for the repost... there might be someone here more able to help. Quick question - I spoke to a building society earlier and I am not sure if there were some wires crossed somewhere. I own my flat, my partner has moved in with me and we need more space. So, he has poor credit history and my salary is more than enough…
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Mortgage and Auction deposit
Hey, Quick question, I'm looking into buying a property at an auction which requires a 10% (non-refundable) deposit when the hammer goes down. Is this in addition to the deposit the mortgage company requires to secure the loan, or is the 10% already paid taken into account? Ideally I don't want to be putting down a 20+ %…
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Borrow more if getting good deal on a house
Hello. Me and my partner are first time buyers and we're looking to purchase a house for £110,000. The house has just been valued at £130,000 but the seller is looking for a very quick sell. Our mortgage will be a 90% mortgage but we would like to borrow £5,000 extra for home improvements. Seeing as the house is worth…
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Mortgage amount help please
Hi everyone, Just after some advice please. I have had a look on the affordability calculators but they seem to give some pretty high numbers and not sure whether to trust them! We have a joint income of about £67k, deposit of 20k and looking to buy somewhere around the £170k mark. We have credit card debts of about 8k…
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changing endowment mortgage problems
looking to change my mortgage , I have two at the moment one a fairly recent repayment and the other a endowment both with nationwide. i want to change and get better deal , to get my money from the endowment which is with legal and general I need a letter from nationwide saying they have no interest in it and its ok ,…
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Help to buy lending
Hi. My son is trying to buy a flat as a single earner on a 60/40 equity share in the help to buy scheme. The issue is that even though he earns £35k per annum the lenders are only offering approximately £85k on the basis that in six years time he will have to pay the interest on the governments share. My wife and I are…
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Adviser wants to go for AIP but we think we're not ready - thoughts?
Hello My partner and I recently contacted a (recommended) mortgage adviser to discuss our options for buying. We have a mildly complicated situation which is why we wanted to explore options. (He earns very well, but solely owns a house in negative equity; I earn poorly but own my own flat outright; we both have not great…
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Nationwide Early Redemption Fee
Hello, I'm wondering if anyone has ever managed to get a reduction on the 5% redemption fee that Nationwide charges on getting out of a 5 year fixed rate mortgage? I'm in year 4 of the 5 year fix and I'm fuming that it's going to cost me so much to get out of it. I realise it was in the T&Cs but I'm still really cross…
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Beware of making overpayments on Nationwide Mortgage
Over the years I have managed to make over payments of about two thirds of the original amount. I now have to get some money back and my monthly repayment has gone up by 25% When I asked about the monthly repayment should I withdraw the whole of my over payments I was told it would be 3.5 times the current payment. After…
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Di i really need to change my name on
Hi all I live in a building split into flats. Have a friend who buying one next to me. So I loan my entire document like boundaries etc. as each flat owners also owns the leasehold. Now they took the document to theirs solicitors who is holding onto some as want to look into more. Also got told we should not have some this…
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Mortgage - Lump sum payment
Hi I have an fixed rate interest only mortgage and have had for a few years now at 1.79% interest rate. This low rate has enabled me to save money in various ways over the years (ISAs, savings accounts etc). Pitiful interest rates for the majority of savings e.g. 2.5% avg. My mortgage is soon to be up for renewal and I am…
