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Nationwide help to buy mortgage via broker
Hey home buyers! We have applied via a broker for a first time buyer mortgage with HTB Wales. The DIP was initially referred and has now been updated to "subjective accept" and full app and docs submitted, what exactly does the subjective accept mean and what's the chances of it being declined now? Hate this waiting game!!…
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Desperate help/advice for my OAP parents please
My parents owe £58,000.00 on their mortgage which is payable early next year (February 2017). This is because they took out equity release to give me the deposit to purchase my flat 9 years ago. However, they gave me £7,000.00, but took out extra to do home improvements on their own property. The equity release was…
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wrong product mortgage offer !
Hi - I recently applied for a mortgage and ( through my mortgage broker) and it got accepted. I got a mortgage offer document yesterday( I have 10 days cooling period and have not signed anything yet) the mortgage broker showed me 2 quotes before applying fixed and a tracker , of which I chose the fixed. But, there was…
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Fixed rate and overpayments
I just can't get my head round this and hopefully will go in branch tomorrow and ask but can't always get mortgage person available, so thought you lot can help. I have 5 year fixed term mortgage with an interest only part which I need to overpay and reduce substantially. Obviously my monthly payments are fixed, so how…
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Buy a house for a friend?
First of all, sorry, I wasn't sure if this should be in the "Buying a house" or in the "mortgage" section. Without going into all the "Don't do it" type replies ... we'll say, theoretically, could you buy a house for a friend on a residential mortgage? It's not strictly a "Buy-to-let", as we won't be making a profit on it,…
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What are our chances?
Hi Looking at a first time mortgage and would appreciate your advice, opinions and feedback please. Property value 240k New build Deposit 32k Help to buy equity loan 48k Looking to borrow 160k Combined income 40100 One clean credit file, no credit commitments little activity, no borrowing, experian score 849 The other is…
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remortage
Greetings, I am due to remortage. and went to see broker who offered the following: Property value: £130 000.00 Amount to be remortage : £72000.00 Option are a two fix rate with Barclays for 1.79% with no fees, and free legal, valuation, etc etc, etc. I looked on Money Saving expert and the cheapest option with "no fee" is…
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Early repayment charges on a mortgage
I had a mortgage with the Halifax back in 2004 & was looking through some old paperwork & noticed I paid £2700 as an early repayment charge. can I reclaim this back?
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Advice please
Some mortgage advice would be very grateful. I currently have a 55k mortgage property value around 275k. Currently fixed for 5 years (on year 3). 15 year mortgage in total. Due to some tragic events I need to move. I don't want to sell my property and would like to take equity out of it (100K max) to be a deposit on a new…
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Property with holiday let - Help!
Hi, we are trying to sell our house which has 2 small holiday lets in the garden. We have had offers but none of our buyers can get a mortgage, even when they are not needing to take the income from the holiday lets into account. It seems that no one will lend if there is a holiday let or potential for one on the property.…
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Advice please
We are trying to get our elderly parents to live in a lodge in our garden. The lodge and citing etc. will cost about £70K and we are looking for advice on how to finance it. They are mortgage free and their house is worth about £120K, they are both in their middle eighties. They would like to finance without selling their…
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Just keep overpaying or reduce term?
Nearly 4 years into our mortgage and we have consistently overpaid. It currently has 13 years left, so I'm wondering if there is any benefit to changing/shortening the term - interest-wise? The basic monthly payment doesn't go down, so presumably it is being paid off quicker anyway? Which is why we are doing it! The bank…
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First mortgage defaults due to drop off
Let me start with the normal bits first Found a house 140k and have a deposit 14k also have help to buy isa with my high street bank. Now the tricky bit just over 6 years ago entered into a dmp this has now finished with debts satisfied with lenders, I have 2 defaults both with my previous bank one due to drop off…
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offset v overpayment
Hi, We have an offset mortgage that is linked to a savings account that holds £60k. We can make extra payments of up to £520 per month. Are we better to but the extra £520 into the offset savings account or over pay, or half and half? Our primary aim is to reduce the term. Any advice greatly appreciated.
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Nationwide Overpayment Reserve
I am keeping an old mortgage of Nationwide that lets me "borrow back" any overpayment without question. The rate is 2.5% at the moment (2% over BoE rate). Is there anything stopping me just overpaying this until there is a tiny balance left and then just leaving this tiny amount knowing that I can effectively get a "loan"…
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help please...
Hi all, i am going through a divorce at the moment and looks like i will have to sell my family home that has been handed down to me from my parents, is there a way i can raise money to pay my ex out and keep my home. Im self employed and on low earnings, any advice/help will be much appreciated.
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Re-locating at changing jobs?
Evening, newby here. Ok, me and my wife are looking at buying our first home together. I am currently in the Army(until March 17) and my wife works for BT. We would like to buy a home back where we belong which is 200 mike away. The good news is my wife can tranfer internally but she has to wait for a vacancy to become…
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Further borrowing and fixed rate period
Hi, Just looking for an answer to the following. I have a mortgage with Natwest, the fixed rate period is due to end around June 2017. If i was to take out further borrowing on this mortgage (albeit at a different rate), would my fixed rate period still expire in June 2017. I would want to take out the further borrowing…
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HELP PLEASE - no win no fee missold endowment revisit
I have found a serious mistake in my lenders defence against me not knowing about 'daily interest' on overpayment to bring interest down as they have purposely used a letter that I used daily interest on bounced payments and they used this to show I knew about daily interest choice of mortgage which was totally incorrect.…
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Re-mortgage or Personal Loan?
Hi, I am in two minds about which direction to take about consolidating debt/home improvements. Me and my partner currently have credit card debts combined of around £5500 and are currently playing £210 a month off on these but with the feeling we are going no where to clearing. I must mention we still live a good life in…
