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How often should you look to remortgage?
My current mortgage product is due to end in a couple of months and now I am looking at options to continue to get a good deal. I currently have 18 years left on my term, but have been overpaying at a rate that would equate to taking out a 15 year re-mortage. Reading the MSE articles, it would seem I am better to keep a…
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LTV or LTPP for Remortgage
Hello all, First post here. Last summer I purchased my first flat here in Glasgow at a price of £119,000, The home report had the flat valuation at £130,000. The flat was listed as offers over £110,000 and I was informed by my solicitor (who coincidentally worked for the firm that was also acting as selling agents for the…
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Nationwide BMR or fixed rate
I have a bit of a dilemma...currently on nationwide BMR do currently 2.25% set a base rate plus 2%. Owe 68k, value approx 94k ltv 73%. Current payment is £260 put I overpay by £140 per month and will continue doing so.... Current fixes with nationwide are 5 yr no fee 2.34% and 10 year fix is 2.89% I feel 10 year would be…
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HSBC: generous or stingy?
I've just had a DIP from HSBC, and the most they will lend my husband and I is £220k. This is a lot less than we need. Are other lenders likely to be more generous than HSBC? Or are other lenders likely to offer us the same amount?
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To Help to Buy or not - that is the question...
My husband and I are about to buy our first (new build) home. We will be able to make a 15% deposit but probably not much more than that. Is it better for us to do Help to Buy or not? I appreciate this will depend somewhat on the numbers in terms of cost of house, mortgage rates etc - does anyone know of any resources to…
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New lower rates during application
Hi all, I'm in the middle of a Halifax mortgage application. I applied 2 weeks ago, the valuation is done and I'm told we can expect a decision this week. I applied for a 3.94% product, with a £1000 cashback. I've seen this morning that a new rate of 3.64% is available with a £500 cashback. Over the 2 year fixed period,…
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Buying for the second time
I wanted to buy in the area I already lived in (living with family) but couldn't quite afford it so the plan was to buy elsewhere, save up and then buy back in the area I grew up in. I recently bought a place just 5 miles down the road. It's lovely and I'm very happy here but the thing is I got it for a bargain price…
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Mortgage - Pay of debts as a condition
Hello there everyone, hope someone can give me some help.. In a nutshell, my wife is selling her house. We have found another house we like. I intend to get a first time buyer mortgage (my wife currently has a mortgage, and a joint mortgage would be better of course, but her credit is not so good, and theres a CCJ, don't…
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Axa equity & law
My complaint to Axa for being mis sold endowment was refused as they stated the plan was arranged by a firm of independent financial advisers & that they were responsible for ensuring it was suitable. I don't think this is right as its Axa who I've paid my monthly payment to all these years! Has anyone else experienced…
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Property owner, but not main residence. 3% SDLT surcharge?
Hi all, My understanding is that the 3% SDLT surcharge applies if you are purchasing a second property when you already have a main residence. However I don't live in any of the properties I own, so none of them are my main residence (I actually live in a rental). I'm looking for the actual official "wording" on where a 3%…
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Best way to minimise repayments while renovating?
Rather that go in to minute detail, me and my partner are moving back to our parents' houses to allow us to save more money, with a view to buying a house next year. However, I've just spotted a place I really like. It needs a lot of work, but it's priced really keenly and I can see a lot of potential in the layout. In…
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First Time Buyer (HELP Please)
First of all sorry for starting a new thread for first time buyer help but I've searched online and the forums without full joy for my questions and I'm just wondering if anyone would be able to help me out. Me and my partner have found an house we would like to buy, currently on the market for £110k. We have a meeting…
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Saving with a L&G Flexible Mortgage Plan ISA
Hello, Just looking for a quick pointer as to whether or not my existing L&G Flexible Mortgage Plan ISA could be used as a regular saver account. I am in the fortunate position of having paid off my mortgage, so this account will hopefully be a nice windfall in a few years time. I have paid £18k in after 16 years, and the…
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Partner not paying mortgage
Hi, Hoping for some advice! My partner and I were not married and he moved out of the home in June 2016. For the past 4 months I have been paying the mortgage even though the mortgage is in joint names. Can the bank automatically default the mortgage into my name if I contact them as I can prove I have made the payments…
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Remove a name from mortgage, and clearing 6k credit card balance
hi all if i want to remove a name from a joint mortgage, any idea how much a solicitor would charge to do this? If I have a balance of 6k on credit card to take advantage of the 0% interest period, and make the min payments, and clear the whole balance in a few days, how long will it approx. take for the cleared balance to…
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Help to buy
Hi I'm looking for advice from anyone who has made home improvements while on a help to buy mortgage. According to help to buy this is a breach of terms and you're not allowed to do so? Has anyone gone ahead without permission and was there any implications when you remortgaged? For example a garage conversion or extension.
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Remortgage frustrations
New here and would love some advice!! Single mother, made redundant from job last year, on JSA for 6 months, used all of redundancy payout to live on. Started new job but earning £12k less than before, plus tax credits have recently been reduced by £50 per week. Mortgage is with Bank of Scotland, currently paying £615 per…
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Taking over husbands mortgage
Please advice. My husband had a interest only mortgage and debt of £30k from credit cards and loans. It's a vicious cycle for him his taking money from credit cards to keep up the payments. My worries is his going hit a brick wall and very soon the house will be at risk. The house has no equity. Where do I stand if I buy…
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Changing product after offer with chelsea
Hi all received our offer this week with the chelsea hope to exchange end of next week we have noticed the rate has gone down online which would save us around £60.00 a month I have spoken with chelsea and they have told me this can be done and will not affect our offer just need to speak to the mortgage advisor as it was…
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Lloyds bank changing their mind close to completion?
I'm buying a leasehold flat with 65 years on the lease. The buyer has completed the lease extension paperwork as I made this a condition of my offer. The bank said it would be fine as long as they were given proof from my solicitor that the extension was being processed, and as long as the registering of the lease…
