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Fixed rate for 18 months
Hi guys, I am on standard variable at the moment and would like to change it to fixed. I know however I will be selling my flat in March 2018 so 2 year fixed may not be the best option. I was wondering what would be the best deal for me? Can you get a low rate but fixed it only for 1.5 years? Are there any deals with no…
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2Yr fixed Vs 5yr fixed
Hi Guys and Girls, Please forgive me if this is a silly question. My wife and I are first time buyers and despite all the reading about a few bits still seem a little confusing about mortgages. I guess my first question relates to the initial deals mortgages seem to offer. I cannot understand why some people may go for 2…
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I finally bought my own home!
I always said that when I was in my own home I'd write a post on here so here I am. I am self employed and didn't have a huge deposit but I bought somewhere far better than I ever thought I would get with my budget. I've been here for 2 weeks now and everything is going great. I just wanted to say a big thanks to everyone…
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General mortgage question
Hi, It isn't until next year but my mortgage fixed term will end around one year from now (end of Oct '17). I'm currently with Newcastle BS, when my 2 year fix comes to an end do I need to go through an extensive mortgage application again to get on to one of their better deals? Currently my rate is 4.38% because I got a…
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worst possible interest rate
i've been playing around with a few calculators to see what our repayments will be like for a mortgage. What percentage do the banks stress test at?? and what would be the absolute worst rate i could expect on a mortgage with a 5 year old satisfied default?? thank you
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Help to Buy
Hi, Looking at help to buy scheme and come across some conflicting advice. Basically its regarding the maximum deposit you can put down. I know the minimum is 5% but some lenders are saying max. 10%, some say max 20%, and some say there is no maximum. Is this a lender specific thing. I'm looking to put down around 33% of…
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Living in my buy-to-let apartment
Hi all, I’ve been using this forum for quite some time but never actually posted on it until now. I’m looking for some advice on a mortgage I just recently took out. So I’ve just switched to a buy-to-let mortgage on an apartment I own and currently live in. At the same time, I was purchasing a new property (under a…
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Joint mortage - one of us currently living elsewhere in UK, not guaranteed a job.
Hi there I am buying my first flat and wondering if there is any problem with my partner staying elsewhere in the UK until they get a job here (she is currently in full-time employment). The reason I ask is that the Mortage broker keeps asking if she's guaranteed or can guarantee a move within the company but surely as…
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Paying off a sub account - early repayment charge?
Probably a stupid question. I have a mortgage with two sub accounts. The majority of the mortgage is on a lower rate, but I had to get a sliver (5% of total mortgage) of the mortgage put on a much higher rate to take out the mortgage. I'd like to overpay and get rid of this higher interest rate part, if anything just to…
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Fixing but for how long?
We are currently remortgaging as our 2 year fixed is up. We are transferring to TSB as I was attracted by their Fix and Flex mortgage - fixed for 10 years but can leave after 5 years as this is when the ERPC disappears. But if rates have gone up we can stick with it and overpay. However, we went to the bank today and the…
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Transfer of equity - two solicitors needed?
My ex partner and I are in the process of transferring my share of the equity on our property into his name. There is money involved (e.g. he is buying my share for an agreed amount) and the transfer is amicable. I am aware the process requires a solicitor - my question is, do we both need one? Yes, I know that it is…
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Need to extend mortgage - refused as repaying family - advice pls
Apologies for long title! I have just had a discussion with Yorkshire Building Society about borrowing more in an existing mortgage the reason being to repay family who have helped with funding an extension that is now nearly complete. It has been refused immediately due to being consolidation of debts. Apparently if I'd…
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Rent or keep on hoping?
Looking for some advice really. We accepted a NR mortgage in 2007 this was interest only. We have paid this since then and are now on their SVR. We had a together mortgage but we declared ourselves BR in 2011. Obviously, we aren't the top of anybodies credit list. We have a family now, our home is incredibly small and in…
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Questions on sub account and overpayments
Hi I am very confused with our mortgage with C&G and I hope you Mortgage savvy people will help me understand... Why do we have a sub-account? Firstly, I don't have a clue what a sub-account 99 is, why it exists. Basically each month on this 'sub account', there is a payment due of £4.83, with and added interest of around…
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Mortgage Or Credit Cards
Hi I have a part repayment and part interest only mortgage which has 12 years left on it. I know the repayment part will be payed off but what can I do to clear the interest only part. I remortgaged in 2007 with the Chelsea and my house was valued at £90,000 and took out an interest only of £74,000. I changed a couple of…
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Discount Market Value Scheme Mortgage. Advise please
I had recently posted asking advice on affordable housing purchasing. I got the scheme wrong and it's call 'Discount market value Scheme' Anyone had any experience on purchasing on this scheme. Seem to be limited to who will provide mortgages and have to use builders advisors. If you've used this scheme who did you have…
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move credit card debt to loan to increase chance of mortgage??
Hi, I have recently started looking into buying my first house. When I called for a mortgage in principal, I was not offered the amount I had hoped for, and the agent said this was due to credit card debt. I have a loan with £17,000 left and between my husband and I we have almost £20,000 on 0% credit cards, all payments…
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A Taxing Mortgage Question
My daughter is going to University and I was thinking of buying a place to live that could also be an investment. Therefore is it possible for me to buy it on her behalf as a cash purchase but the owners are my daughters. Both of them are at uni, so have no income. If I did this who is liable for stamp duty - I assume my…
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Mortgage help pls
Looking to buy my first house it's my parents House worth £90000 but want and mortgage For £55000 do I need a deposit
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Aviva Equity Release - transferring to new property
Sorry if I've posted in the wrong place.. My 70 year old mother has an equity release lifetime mortgage with Aviva. She owes £115,000 and her property is worth around £380,000. She is finding the house too large and would like to move and downside to be nearer us. She would be looking at paying around £250,000. Does anyone…
