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Any Offsets out there?
Hi, haven't posted here in AAAGGGGES Due to marriage breakdown will shortly be putting house on the market - am a First Direct customer of some 20+ years standing and have been hammering away at the offset mortgage and got the debt down to £60k :) I'd love another offset - with interest rates low I currently have £40k of…
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Mortgage with Rent a Roof Lease
Hi. I'm looking for some help. To cut the long story short, I have solar panels on my roof as part of a rent a roof scheme. I am looking for a re-mortgage, for a better deal, but struggling to find a lender due to this. Can someone tell me what lenders are out there that will provide a mortgage where the roof space has…
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Overpayments - which option?
Hello I am about to make regular overpayments on my mortgage, and I'm being offered the following options on the website: * Pay off my mortgage earlier by reducing my mortgage term or * Reduce my future monthly payments Naturally, I want to pay off the mortgage early, but I'm also thinking, "If I reduce the required…
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Re-mortgage after being a student
I'm looking for some advice on re-mortgaging my current residential mortgage onto a better deal. I own a property that has 70-75% LTV and am currently on an interest only mortgage with the Halifax at 4.94%. I am now keen to move onto a better mortgage deal and start paying off the capital. However my self employed income…
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self employment / mortgage / pay self wage?
I am self employed and having asked ever so nicely to my mortgage company to transfer my mortgage to my sole name after divorce they won't let me as don't have 2 years of tax returns. (I did mainly employed work last year) This means waiting at least 2 years to remove my ex-husband from the mortgage. Everything else is…
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Married Couple - Mortgage in one name only?
Hi, Firstly, I realise this forum is for basic information and that we should seek advice from a broker and we shall be doing this in the New Year. We are a married couple looking to buy our first home. We have a deposit from inheritance of approx £17,000. However, my credit rating and history is poor due to a redundancy…
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Borrowing for a deposit?
Hello I am a first time buyer and this may be the silliest idea ever but ... My partner and I only have enough to put down a 5% deposit on a house we really really want! It is a shared ownership property with a 50% ownership. Its valued at £200k, we would only have a mortgage for half, we only have 5k to put down as…
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What to overpay?
Morning, I have a buy to let mortgage made up of the below : £72,356 - Interest Only £19,180 - Repayment Term left, 15 years at 3.99%. I am now in a position to start overpaying. Possibly £200-300 a month. Which section do I overpay? The Repayment first and then the IO? Thank you!
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Mortgages - Overseas income/debt
Hi all, I am in my early 50's and employed full-time. I have recently migrated back to the UK from Australia and would like to buy a house which entails getting a mortgage. My problem is that I still own a mortgaged property (tenanted) in Australia. I also have a substantial pension in Australia which would service or pay…
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HSBC getting appointment to continue mortgage application
Hi all, I'm a First time buyer. Last month I got a decision in principle from HSBC (online). This weekend I made an offer on a property that was accepted. I've just tried to make an appointment to continue my application but it won't be for nearly three weeks! First I tried to make an appointment to go into a branch, but…
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working out interest..
So.. Got a question for you, as when we finally move into my house so I want to poise a question for anyone that can help, I think i've done my maths right. My mortgage is for £151,300.00 with an interest rate of 4.84% fixed for 24 months Which works out to be the following in the brake down £7322.92/year on interest…
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Mortgage in principle cert for new build purchase (being seen as proceedable)
Mortgage in principle cert for new build purchase (being seen as proceedable) Originally posted in wrong forum..... Hi All Would appreciate some thoughts and comments on the following: Me and my partner each own (with mortgage) our own houses. Finances as follows: House 1: Value £135K, mortgage balance £40K, therefore…
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Help! Advice for second mortgage when seperating
Hi hoping someone may be able to offer me some advice to my current situation. I’ve recently separated from my partner and need to buy them out of our joint mortgage but I’ve not got much savings. I solely own House 1 with a £45k mortgage, which is where I lived until I bought House 2 with my ex-partner. I currently rent…
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Adding myself to partners mortage after her divorce
Hi, Advice needed please. My partner has recently been divorced and has just completed the transfer of equity for her house from her ex husband into her sole name on the land registry. The ex is still on the mortgage due to the lender not releasing him and her wages being too low to manage on her own. I have moved in with…
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Is this mortgage too big??
Hi all.... so my big question is how big does this mortgage sound?? we've just sold our house for 200k ... 68k equity left for our new place, new house is £265k which would be giving us a new mortgage of £197k!!! Does this seem a lot?? we are a married couple aged 42 & 37 with 2 boys Any thoughts welcome
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Unarranged Overdraft
Hi All, I am currently going through a mortgage application after I had a repossession almost four years ago. The lender is considering us and they know about the repo but they have asked for 3 months bank statements and a few other details. Last month I went £1 over my arranged o/d of £100 and corrected it the next day by…
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interest only mortgage...what are the chances?
Can I give you this scenario. Couple income poor but capital rich... want to buy a house to live in and start a property business. It is possible to buy a house putting 80/90% down and get the rest on an interest only mortgage...to be able to put more money into the business (moderately experienced developer). Pay of the…
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Valuations When No Comparables
Hi all, does anyone know how a surveyor reaches a valuation when there are no comparables? When we bought our current house the surveyor said it was really difficult to value it as there were no comparable houses, they agreed with our offer price and so we didn't have any mortgage issues and everything went through. Its a…
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Mortgage Advice - New Deal/Reduce Terms
Just gone up to SVR on Santander Mortgage, so payments gone up about £20 a month. Want to reduce term and pay off, but not planning on doing that till Jan/Feb next year. Is it worthwhile waiting till then to negotiate a new deal or get one now on same terms as current ( at reduced interest rate). Then reduce term, up…
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Would Appreciate Some Advice Please.
Have been considering various options but wanted to sound out this very helpful board. My current circumstances are: House Valued at £1.3M Outstanding mortgage at £90K Monthly mortgage payment £900 Joint net income £7K month. Savings in bank £80K Other savings/shares valued at £70K No other debt. Both aged 55 and want to…
