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Advice needed urgently please precise mortage
Hi, I am hoping someone may be able to help us. My partner has recently applied for a mortage with precise through a broker. With experian he has an excellent credit rating and we can see they have done a search on him on the 2nd of August. He has applied for an 80% mortage. He has no defaults on his file in the last 3…
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Re-mortgage options on lower income
Hello, I have about £190k equity in my property with an £84k mortgage on a (now) 0.72% tracker. I recently had some work done on my house which I put on my mortgage reserve account which runs at 5%. External to my mortgage I have about 10k debt. I am thinking of remortgaging as although my tracker deal is and has been…
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making overpayments at the best time
I remember reading that depending on how/when the interest is added to your mortgage then it works out better if you make overpayments at the right time what do I need to find out so I can work out when the best time is? mortgage is with Nationwide
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Mortgage preparation questions
Hi, We have recently sold our first property and are currently living with parents so we can beef up our deposit. Does anyone know how long we can live there before we become classed as first time buys? And would being classified as a first time buyer matter? E.g, would we receive worse rates? Also My wife's work is…
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Would you gives us the mortgage we need?
We've got a nice one bed flat, with a 19yr mortgage, for 99k. Probably 20k equity once sold. We're 48 yrs old, earning 3 times single salary of 46k. No children or dependants, long term prof job. We've seen a two bed cottage, would love it, but it's 230k asking price. We're going to see the bank. on Monday, but does anyone…
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Refused my first application
So, I've had my first mortgage application refused by HSBC on the affordability stress test. [figures at the time] Unknown to me before applying, they increase the mortgage by £110 and add £120 for lifestyle estimates in this stress test. This meant that even though i would have under £300 left after all bills (including…
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Remortgaging from abroad
Hi all, I'm a newbie and this is my first post... :) My husband and I bought our first house in London two years ago, but then ended up moving to the US late last year with my job. We're not sure how long we'll be away from the UK for but we love our house and would like to keep it for the long term. We are on a 2 year…
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Santander Mortgage Overpayment
Hello all, I was hoping to get some advice on how to correctly set up an overpayment. Ideally looking to do this monthly BUT I want to start by only paying when I feel I'm in a position to do so. I received a form which I sent back and Santander have confirmed they've received my overpayment instructions. I've got the…
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BTL mortgage for first time buyer?
Are there still any lenders providing Buy To Let mortgages to first time buyers? My job means instability in where I will be located, so I am happy(ish) renting for my own home at the moment. But I have a large deposit which I would like to put to some use. I have found several properties with very good yields and would…
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House deeds and name change
I have a house in joint names with partner who has left me. I have been paying the mortgage and all bills since last october. The house is worth approx £170000, £93000 left to pay. I put in £24000 he put in £7000 when we bought the house. I believe that we are shared tenants on the mortgage details but i cant find the…
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Adding fees - am I being thick?
Spoke to a lender on the phone today. I am looking to borrow £188k on a tracker. There are two options for me -2 year tracker at 1.94%, fee free. -2 year tracker at 1.54% with £999 fee. (These rates reduce 0.25% in Sept when base rate fall filters through). I was surprised when the adviser told me that the fee free deal…
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Advice on second home etc
Hi, I'm a newbie and hope you can throw some light on a question for me? Myself and my dh, own a house worth 90k with a 48k mortgage, we also own a small commercial property (in use) outright valued at 22k. Within the next 5 years we want to buy a detached property around 150k to be our last home, and rent out our current…
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2 year tracker.
We are remortgaging with our existing provider (Nationwide) as there rates are very competitive and they offer £250 cash back. We have £110500 mortgage debt with 16 years left and a LTV of 54.60%. We are going to go with a no fee product, this offered us 5 deals. In light of the base rate cut to .25% we have decided to go…
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Remortgaging options - first time remortgaging
So I have never remortgaged before and my 2 year fixed deal at 1.98% is coming to an end in Sept. How do people go about remortgaging, I assume approach my current lender first and see what they can offer - but see what I could get by looking at comparison sites~? What if the value of my property goes up, for example if I…
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Moving home equity release/debt options
Edited because I'm worried about being identified!
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First direct - changing mortgage rate before exchange/completion
Does anyone have experience of changing their mortgage rate before exchange/completion with First Direct? Found some old threads with different providers and people's experience was variable. We're close to exchange but our fixed rate mortgage offer is over 0.5% more than the currently advertised on the First Direct…
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Ditch my fix?
Hi, I need some advice as the calculator on here says I will be better off buy my mortgage company says I will be 3k worse off. So I have 132k left on my mortgage but comes with a 6.6k redemption fee. That's a 4.5% mortgage. The new rate they can offer is a 2.59 2 yr fixed taking my mortgage upto 138.6k. The calculator…
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Quick & Basic Advice Please
Hello all, Need some mortgage assistance. I'm buying a house had offer accepted, getting a mortgage sorted. In approximately 2 years it is likely I would have the cash to buy the house outright and become mortgage free. When it comes to paying off the mortgage in its entirety after 2 years, will the price I pay have any…
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Anticlimax of affect of Int rate on tracker
Anyone else feeling slightly underwhelmed by the affect of the rate drop on their mortagage. I'll save £37 a month, which yes over the 2 years terms will almost pay for the product fee, but can help but wish it had done more! Here's hoping for 0.0% next month!
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Mortgage comparison tool/site?
Does anyone know of a mortgage calculator/comparison site etc where it shows the cost of the mortgage over the term? Ie if I take a fix for 5 years, the cost for 5 years including fees etc The MSE one inly shows the first yr but I want to compare a 5yr against a 2yr for example Thanks!
