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Releasing capital
Before I start I am about to plead very poor understanding of equity and mortgages. I have just retired, and have a pension income of just under 2,000 per month, but virtually no savings. I have no debts and own my house, which I think, but havent had a valuation, would sell for about 230-250k. I love the house, its on the…
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Advice anyone...
When we first purchased our house 12 years ago we had a 20 year 88000 mortgage and very little worries. However due to various needs to the property and repairs etc we re-mortgaged the property four years later ( the final Mortgage is now 113,000.) We used a broker for advice and he recommended a 'repayment mortgage' in…
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BTL & New Mortgage Application
Hi, me and my partner are applying for a new mortgage over the next few months. She already has a flat that we will be letting out and this will be my first mortgage. Does the BTL go against our affordability? I assume it does as if there isn't a tenant in the property at a certain time, we will have to pay the mortgage on…
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Nationwide Revised Mortgage Offer
Hello, I was wondering if anyone else here has had the same situation as me. I am currently in the process of buying a house. We have had the survey and valuation done which all came back alright and at the right figures. Nationwide text to say mortgage offer had been issued and this arrived in the post a few days later…
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Halifax mortgage SVR question
Hi All, I have a Halifax residential interest-only mortgage, of which the deal has just finished and the mortgage has reverted to SVR. However, I've noticed that the first repayment with the SVR, has reduced the capital debt I have (the mortgage value). I've also noticed that Halifax don't seem to offer interest-only…
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overseas deposit
Do Kensington accept gifted deposit from overseas parents.. Try to find out from guidlines, but nothing specific information about. If so, what document require from them.
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Remortgage on dmp to clear of debts and buy bigger house
Hi sorry if in the wrong place. We have debts just under 50k. We have a mortgage and just had our home values at a lot more than we thought. We want to buy bigger house and pay of the debts we have with full and final settlers if we can. Just wondered if anyone else has been able to do this and if so what rates on mortgage…
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Help!
Hi all, So in March we got an AIP with Natwest, after a hard credit check due to discrepancies on my credit report. Found a house and had our offer accepted. Submitted application to NW and it was declined due to 'trends' due to a few returned payments on my bank statements (all of which were paid the same day/following…
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mortgage with limited credit information on file?
Hi there! I was wondering if anyone could help me.. I'm applying for a mortgage of 4.5x times my income, LTV around 45%. Experian's credit score is just about good, no adverse credit history, but equally not much credit information (no credit cards etc). I'm in full time permanent employment, registered on the electorate…
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Mortgage and Distance to Work
Hello we live and work in London both working ..We want to buy house in Leeds and move over there as soon as I have my job transfer (it could be up to few months )since than I can live in my brother place. does anyone know if its any Mortgage lender who do not consider commute to work when they lend the money ..Im preety…
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Applying for a loan before mortgage
We need to do some extra works to our house before remortgaging in November to ensure a lower LTV (and to stop me from going insane with mess!). I have a loan that has a settlement figure of £12300; taken out to do reburbishments), thinking of taking a new one out to cover that and leave some for further work, so about…
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is there such a thing as a free Mortgage broker?
Hi, i'm looking to buy my first home, i have deposit sorted and an AIP with HSBC. Today it struck me i could be missing out on a better deal elsewhere so i'm looked into seeing a broker. Are there any brokers that don't charge but get their fees from the lender? i have a 10% deposit and money for legal/surveys etc but i…
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Mortgage application and dissapearing current account
I recently applied for a mortgage with Nationwide as a first-time buyer and, according to the online banking system, they have already checked and verified my proof of deposit documents and proof of income documents and booked the valuation for this coming Friday. However I am a little worried as I checked my online…
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Mortgage and insurance policy
Hi, Apologies if I am in the wrong place, but this is all new to me! My problem is this. My buildings and contents insurance policies are with the same company as my mortgage, until this year, all payments came out of my account in one payment each month. Having received an auto renew policy of £500 for buildings and…
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mortgage proposal declined
Hello, I would like some advise feedback from the experts on mortgages who look at this site. Many thanks in anticipation of any help received. interest only mortgage £138,000 value of home by local estate agent £270,000 mortgage due for repayment. Put this proposal sometime ago - has taken a while to supply Barclay's with…
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40 something emigrating
Dear All, I am a 40ish person who emigrated to the EU some two years plus ago. I have my own business and France, house etc, and no plans to ever return. I do have a sizeable private pension pot C. 200k in the UK and tried in vain before I left the UK to release it. Is there anything I can do to release this money? Will…
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Britexit should I be worried
We are potentially going to exchange this week and complete in a few weeks. After the headline news yesterday about Briexit should we be worried about getting into negative equity?
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Complex Mortgage - need a broker urgently!
Hi All Firstly the reason I am here - I need a mortgage quickly! About 3 months ago I applied to Barclays for a mortgage, a mix of commercial and residential - value of 1.8m with a 400k deposit - approved. (commercial profits of 200k) Passed no problem. I should also add our current mortgage is also with Barclays. I have…
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Big deposit/poor credit.
Hi All. Bit of long one, but here goes. My situation is that i am a joint owner of the property i live in, the other owner being my mother. No mortgage so my part worth 75k (ish) I have around 120k in savings and various investments i can get my hands on. I work full time, been employed with multi national company for 15+…
