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How many mortgages can I have?
Hi, I'm looking for some information and/or advice. I currently have a house worth roughly £125,000 with no mortgage. I have tenants in there and I want to know if it's possible to remortgage the house, taking £100,000 out and putting £50,000 on a house to live in (worth roughly £200,000) and £50,000 on another property to…
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Lenders who are more lenient on consent to let.
Good evening, I have a rather simple question someone may be able to help out with based on experience. I currently own my apartment and am looking to re-mortgage. In a few years time I will potentially be moving out and will be looking for a consent to let on my mortgage as opposed to a full re-mortgage. Are there any…
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Nationwide Joint application Deposit proof
Hi i have jsut applied for a DIP in principle through NW for myself and my gf, it all went through fine but now i am ready to apply for the full mortgage it is asking under my name for the most recent payslip and proof of the deposit. Under my g/f name it is just asking for the payslip. So my question is are they asking…
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Nationwide have declined mortgage after valuation because it's opposite a shop!
Looking for some advice on this bizarre situation. I applied to Nationwide to borrow £25,000 on a £77,000 flat. They gave me a term of 9 years as I'm on a fixed term contract, but with paying the maximum overpayments I'd be able to pay off the mortgage in 4 years. I was approved and told I'd have the final decision after…
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Early Repayment Charge HELP!
I can't seem to find the answer I am looking for! I was wondering how the ERC works, as in can you put it onto you new mortgage or do you have to pay it out of your own money? I have seen people getting their's refunded how do you do that if you still can? And how do I know if it is going to be a good idea, I know the…
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Stamp Duty question - I can't find an answer to this anywhere.
Hi all - I'm aware of the new stamp duty increases on the purchase of second homes, however I'm in a situation that I can't seem to find a definite answer to and wondered if anyone else was in the same boat. Ok, I'm due to start a mortgage application with my partner in the next month or two for a family home we'll live…
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how do i find out about an endowment policy we took out?
22 years ago we purchased our first home and our mortgage was with The Halifax. It was an endowment mortgage. We moved 4 years later and changed mortgage providers and to a repayment mortgage. I have no recollection what happened to the endowment policy and we don't have any papers going that far back. I know its a shot in…
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Question for the Advisors - FTB Query!
I have a first time buyer who is looking for a 90% LTV mortgage they are employed stead employment for 2+ years and looking to get on the ladder, affordability is a breeze looking for a loan of approximately 2.1 x income but due to never having had a credit card/loan and even the mobile phone contract is paid for by the…
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Affordability when spouse changes job prior to joint mortgage application
Dear forum, We will be applying for a mortgage soon and I am the primary earner (permanent full time employment). My spouse is also employed permanently full time currently (she earns approx half of what I do). My spouse is about to be offered a role at a new company on a higher salary (£6k higher) however it is a 12 month…
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Employed as a councillor, but no 'contract', mortgage help
Hi, I'm hoping to get a small mortgage on a new build property, but my main concern is that the lender will ask for a contract of employment. I'm currently a unitary authority councillor, and as such I am elected every four years (I have 3 years left), but we do not sign formal contracts. I can get a letter from my HR…
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Interest rate cut - Will it be passed on?
My fix rate is abut to come to an end, I'm only at 28% LTV so should get decent rate, best 5 year is HSBC 1.99% with £999 PF. I've not seen this rate change in many months, in fact I've seen very little movement in the lowest LTV (65% or above) rates at all. I've a feeling this is the bottom and even if a rate cut was…
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Would second pension damage my affordability
I have a second pension set up which I believe is a vastly better place to put spare cash than mortgage overpayments, and this is completely discretionary. Would this be an issue when I come to remortgage to a new rate at the end of my current fix? If so I'm not sure whether to suspend contributions for a while beforehand,…
