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Precise Mortgages
Hey guys, My mum has got an offer from Precise Mortgages. They are the only ones to offer a mortgage so far. I just wanted to know whether anyone has had any experience with them? Also, part of the agreement is that we have to use a solicitor from their panel. If we do not, we still have to pay them a fee for their…
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Lloyds Mortgage Promise
Hopefully someone can help me out. I got a mortgage promise from Lloyd's and have the required 10% deposit however I completed/Finished a DMP over a year ago which I started in 2010 and have one (Satisfied) default on my file from 2012 which I disclosed in my application. I came across a PDF from Lloyd's which suggests…
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Business Mortgages - for a pub
Hi, I've been wanting to quit IT and buy a pub for years - and one has just come up for sale near me that I'd interested in. But I have no clue where to start when it comes to arranging business finance Does anyone know of good companies that I can approach to assist? Of course, I can google - and I have - but I've no way…
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Not going to the underwriters ...
Just checked process of my application and they said they're waiting on the valuation . The lady said 'this one won't need to go to the underwriters so once we have the valuation we'll get back to you '. What does it mean if it isn't going to the underwriters ?
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Overpay Question
Hi, I have a quick question about overpaying I am hoping someone could advise me on. I currently have two mortgages on a property worth £160k. Mortgage 1 10yr fixed at 4.98%, fixed rate ends in October and it goes down to Base + 0.95%, so it will be a fantastic 1.2%. Outstanding balance - £61k Mortgage 2 3yr fixed at 3.4%,…
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Finding out whats happening with your Natwest Mortgage Application
Hi there I've been reading with interest several threads on the Natwest Mortgage application process. I'm currently in the process of making a Full application for a mortgage via an Mortgage advisor and was concerned about the lack of progress and communication. I came across the following site, which if you do not already…
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Remortgaging and credit card debt
Hi all, It might seem a long time away, but gf and I are looking to remortgage at the end of our current 5 year fix in September 2018. We have been stoozing a small amount on different CCs rather than paying off debts. Currently we have around £2300 on a BT CC which runs out in October 2017 and £2700 on a 0% CC we used to…
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Santander Additional Borrowing
Hi All Just in the process of a debt consolidation and borrowing more on the mortgage to get a lower rate on what I owe - about £20k. Is it all done on affordability or is it done on credit score? My score is just below average as in the process of cleaning up, never missed anything - always above the minimum payments too.…
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Mortgage + Property Ownership
Hi advice, guidance etc. I have a property in my name only (purchased before married), and two mortgages in my name only (taken out before married when the current house was purchased 7 years ago) One mortgage was existing (my previous house that only I lived in), the second to cover the costs for the new/larger/more…
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Will paying off residential mortgage impact future BTL ?
Hi all. We currently have a residential mortgage on our home as well as a BTL mortgage on a flat that we rent out. We are in the fortunate position to be able to consider repaying our residential mortgage in full. However, we plan to keep our BTL mortgage for the foreseeable future; currently it is on a 5 year fix with 4…
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First Time Buyer Help
I apologise in advance if this is a silly question but looking for honest answers as I am new to all of this. There is a Shared Ownership flat on the market that I am very interested in. It is currently listed as needing a £4500 deposit and then about £4k for all the other costs. We will have £10k available to us soon as…
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Mortgage overpayment restricted to 10%?
I am now in a position to make some overpayments to my mortgage, but reading through my paperwork it states overpayments are restricted to 10% of the outstanding balance per year. I have a mortgage of £220,000 and pay £1075 a month. I believe the maximum I can overpay before incurring any fees is £1290, I would appreciate…
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Could signing up to broadband just before completing ruin everything?
I've just exchanged and have a moving in date for a weeks time. I'd love to sign up to a broadband deal so that the modem can be delivered to where I am now and would be ready to plug in and get going as soon as I move in (it's a self install kit). I'm just concerned that signing up to a broadband contract could mess…
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Buy to Let With Santander
Hi, We rent out a property in the UK on a buy to let mortgage with Santander. It's currently on a 4.74% variable rate (3.99% fixed rate ended early 2016). I've read that the Bank of England has dropped the interest base rate. Does this mean if i wait, i could see a lower fixed rate from Santander than the 3.49% fixed rate…
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Mortgage on principal and rate change
Hi I have recently applied for a mortgage with Halifax to purchase a section 106 (affordable housing) property on a 'low-cost buy' basis (100 % ownership) and our broker told us that Halifax are the only ones that would lend because of the 106. I am putting 20% deposit and I am work visa for last 6 years in UK. I had a…
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Want to remortgage to move house but do tax credits count as income?
Hi, am new here and hope one of you enlightened types can help me. I've lived in my current house for 14 years, its a 2 up 2 down; mortgaged with £65k still outstanding. Property valued at £125k. I'm a single mum with an 8 year old child, work part time, 17.5 hours for £16k and get CTC & WTC which work out at £8200 so…
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Ex gambler and mortgage
Hi there, I'm after some advice. I've read loads about people having gambling transactions on their bank statements and how the bank views it in terms of getting a mortgage. I have no such transactions as stopped gambling very quickly so have not done it for months and months. Not for me, pointless activity. I'm probably…
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Online affordability calculator v's Broker?
Been in touch with a local broker who's given us a maximum figure we will be able to borrow on a mortgage, however I've done a few calculators online myself and the figures seem much higher? Is the brokers figures likely to be more accurate, than the figures I have researched?
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Help on remortgaging calculations
Hi all I've come to the point of my first remortgage ever, Ive used the tool but I dont want to be lazy and assume that is right, so here is my situation. I think it is better to come out of my fix early and switch now we are under the 80% LTV and the interest rates have significantly dropped. I'm in a position where we…
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Is it really worth while overpaying my mortgage?
I have tried to work this out numerous times and am sure I'm doing it wrong! LOL I want to make a regular overpayment to my mortgage I currently pay £352 per month and have 266 months left. Total to pay, £93632. I want to overpay £148 per month taking my monthly payment to £500 The mortgage calculator says this will reduce…
