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Mortgages & endowments

Archives for March 2016

Completion tomorrow! And a few mortgage qs
Hi all Delighted to be finally completing house purchase tomorrow (all things being well, knock on wood, fingers crossed). So naturally, I'm still up at midnight pondering on a few things... My mortgage is with the halifax - what happens in terms of internet banking? Will the account suddenly appear tomorrow alongside my…
Remortgage my property to gift my brother
Hi, I own a property that is currently let out, and does not have any mortgage. I would like to help my brother by buying him a property, can I remortgage my let property for purposes of either raising funds to gift to my brother so he can buy, or buy a property and gift it to him?
First time buyer in need of expert advice..
Hello, I would like to know if it is worth buying a house with 5% deposit? Apologies if this has been discussed previously,
How likely is this?
Hi all. Me and my wife have seen a property were very keen on at 215000. It looks like the offer of the asking price will be accepted. We have been told by a MA that she can get us the 125000 we need to go along with our 90000 deposit. Sounds great but like many other people I'm worried we won't get accepted or offer may…
HTB 20% loan
When using the help to buy 20% loan do I need to apply for the equity loan myself? I have a broker dealing with my mortgage but they asked if I have applied for the equity loan.... Not sure where to even start!
Aldermore First Time Buyer mortgage - valuation question!
We've recently put an offer in on a house, which was accepted, so we're now in the process of moving from our DIP with Aldermore to a full application but I'm a little confused about the valuation process. In my paperwork it says - "Standard valuation fee (payable on application and not refundable once the valuation has…
Home Buy Joint deed
Simply put ! My partner and I bought a new buy property 20% equity share back in 2011 We are now splitting and I want to stay in the house Her name is one the deeds,mortgage and government loan Question does the government loan ie 50%% of the current 20 % market price stay in her name if she chooses to !!!!!! off !!!
Stoozing effect on BTL mortgage?
Hi all, I'm looking for a bit of advice from the wise people on here before I speak to anyone in an official capacity. Basically, I'm not too far off where I'd like to be in terms of a funding for another BTL. I'm also stoozing around £5k (split over 3 cards) with at least a year left on all 0% deals. I've discounted that…
Help to buy mortgage- Renting out
Hi, I understand that you can not purchase a buy to let property with a Help to Buy mortgage/ISA. But can you rent it out after you have lived in the property for a certain period of time? I intend to buy a small flat as my first home, but would ideally like the option to hold on to the flat as a rental property once I…
Nationwide Morgage With PDL on Credit File
Hi Can anyone tell me if they have recently acquired a mortgage with Nationwide and have a old Payday loan account on their credit file? I am in the process of trying to find a Morgage and used a broker who have come back to me with only two options one of which was Nationwide because of an old PDL showing on my credit…
mortgage change
i have a mortgage with halifax/bank of scotland, it has 4 sub accounts- 2 i think are for charges, 1 is repayment mortgage, 1 is interest only, my interest rate is 1.85%- is that good or bad? i am now on repayment and interest payment each month, is it possible to change to interest only? as this would make a big…
Early Redemption Charges - Nationwide Building Society
Loyalty counts for nothing! Have banked with Nationwide for over 20 years - Took my first Mortgage out with them & every mortgage since. Despite this I have just been charged c.£4.5k today on Early Redemption Charges (These were listed in the T&Cs). Unfortunately we had to relocate to Manchester with my husbands job in…
MCD: cooling-off period replaced with reflection and reversion - true/false?
Hey all (in particular mortgage advisors here), Does anyone know the legal stance regarding the minimum Product Reversion period applicable to remortgage deals, i.e. once the deal is signed, and once it starts, how much time do I have to pull out? With MCD now in place the 14-day cooling-off period has been pulled, and the…
Over pay mortgage or pension
Hi, i am just about to move our mortgage to a full repayment one having paid a lump sum off from a maturing endowment payment. The mortgage will be about £120K over a 10 year period as I being 55 I want it to end at 65. However, I am now in the position where I can either afford to over pay the mortgage or put this money…
Releasing equity to buy 2nd home
Hi, I have a house with just a small mortgage left - Im wondering if its possible to release equity/remortgage this house to purchase a 2nd house so that we can prepare that house move into it and later sell our original house. Is anybody aware if this type of financial arrangement is possible?
Prudential Endowment
Called the Pru. yesterday for an update on my £28.80p per Month 25 year Home Purchase (Ex Scottish Amicable) endowment which matures next year. £13580 as of yesterday. Absolutely shocking.If I write and ask for my charges back due to performance do you think I stand a chance?
First time buyer next steps
Hi, We have found a house we would like to offer on, do I first go to a mortgage broker and get a mortgage agreed in principle or do I offer first and then apply for a mortgage in earnest? I have done my own research online and know what I want - 3 yr fixed over 30 years with LTV of 75%. I am looking to borrow less than…
Deed of trust
Hope somebody can help. I purchased a house with my sibling I currently pay the mortgage which covers my half of the property. We set up a deed of trust. So if anything happened to me my children wouldn't be able to eject her from the property until she chose to leave. I have now left and wish to sell the property. Does…
Second residential mortgages
Hi, My brother and I are planning on purchasing a property jointly. He is a first time buyer and I am currently a home owner. As I understand it, because I am a home owner, we will not eligible for a FTB mortgage. At the same time however this is not a BTL purchase either as the property will be home to him and our folks…
1 BTL gone up in value, no residential home. How to free up cash for deposit?
I have just one home. It’s BTL mortgage. I have never owned a home/mortgage at all for myself to reside in. In the early years of my job I had to move at regular intervals to new postings so I rent instead. However my career is now stabilising to one place, so I will be looking to settle down in a year or two. It wouldn’t…

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