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Property Share
My partner owns her house outright.. I would like to buy a share in the property (approx 20%, max £50k). Is this something I could get a mortgage for (I don't have savings to cover this amount). Any other suggestions would be much appreciated. I am in my late 40s and had an IVA which has just disappeared off my credit…
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Offset Mortgage - Do I reduce the Term or Reduce the Payments?
Hi All, I've just changed my mortgage to an Interest only one with an offset account. We used the calculator to work out that with our savings in the offset, this would be the most beneficial. I am confused at which option to chose with using the money in the offset for: do I choose to reduce the payments or reduce the…
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Renewing existing mortgage and DMP
Hi, I have discussed this briefly in the debt-free forum, but as this is specialist to mortgages here I would be most grateful for any advice here too (and/or experiences). I have been with my mortgage provider for two mortgage periods now (renewed last in 2013 for a 5 year fixed rate). I also am currently in a Debt…
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Remortgage redemption query
I was hoping to complete on my remortgage mid month but my ex decided to be a bit slow signing his documents! My current mortgage payment is taken out on the 28th of the month, but i'm not sure if the interest is calculated up to the 25th and a day or two DD processing time. Anyway if the mortgage completes between the…
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Paying solicitor upfront for lease extension
Hi guys, I am currently helping my mum out with a lease extension. The solicitor involved has asked for his payment in full upfront. Is this normal? When I was doing my conveyancing, I paid the solicitor a deposit and the rest on completion.
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Help to buy - end of fixed mortgage period
Hi Everyone, Myself and my wife purchased a home using the help to buy equity loan scheme with the value of loan being 20%. We are coming to the end of our fixed period on our mortgage (3 yr fixed), can we move the EL into the mortgage or two i have to have a "second" mortgage for the value of the loan. Which is the best…
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A2 Charge and new stamp duty enquiry (bit complicated)
Hi, this might be a bit complicated, so I'll try and keep it brief and would be so grateful for any advice. Currently my husband and I live together in a property that I own. I brought the property after we were married and had to get the mortgage in my single name because my husband was still on a mortgage with his ex…
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Remortgage with suspended court order
Hi. Wanted to ask if it is possible to remortgage if I have a suspended court order. Arrears consolidated into existing mortgage. Thanks for your time.
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Parents will
I'm so worried about my parents situation. They were badly advised many years ago on an endowment mortgage and there isn't enough money to pay off the mortgage. They are in their 70's and only have a couple of years left until they have to hand back their house that they have lived in for 40+ years. Can anyone advise what…
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First remortgage question & putting second name on
Probably just simple questions but I need clarification. FTB - bought first house over 18 months ago. 2 year fixed mortgage based on 10% deposit. The fixed period is due to expire 1st March. 1. From reading, either I can stay with current mortgage provider or switch. When do i start looking for a new provider? I would use…
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Mortgage help!! Credit cards on credit file
Hi everyone, I need a little advice! We're going out of our minds! We are applying for a mortgage, before we did we worked hard and paid all credit debts, they are all now at 0. However our credit reports haven't updated and lenders seem to be struggling to understand this! Yes they are showing up but they are paid off. We…
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Mortgage with Concrete construction
Hey guys, I was wondering whether there are lenders who do not give mortgages for houses constructed with concrete, specifically with Laing Easiform (type 3) used in the 50-ties ?. It is the late version of the concrete that was pored in situ (rather than being true prefab). Would some lenders still not mortgage it just…
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First time buyer but already own 2 BTL?
I want to buy a property to live in, but I already got 2 BTL properties owned outright, on which I intend to raise equity if needed. Do I qualify for first time buyer i.e. 5% down payment, borrow a maximum of 400k, and say raise another 200k on my property in order to buy a 600k property? Is this plan feasible? Also, what…
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Parents House - Options for Mortgage
I'm after some advice on options for my Mum's house. I've recently found out that her mortgage is due to complete next April and she still has £50k left outstanding. She has £22k saved, but obviously this will not cover the shortfall. I've read that there are options around extending the mortgage or having some company…
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Halifax over payment
Hi all, My mortgage is with Halifax and I am aware that I can do 10% over-payment on balance as on 1st Jan. My mortgage started on 18 Feb 2016 and the amount was 189,000. Can I pay 18,900 until 1st Jan 2017? or... is there any other way to calculate 10% (i.e exclude two months)? Thanks
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Need help removing name off mortgage
My ex-partner and I split 7 years ago and both moved out of the house. We changed the mortgage to Consumer buy to let Mortgagae to rent the premises out until we knew what the long term goal was. My ex has a new partner who is wiling to take on the mortgage for the premises instead of me (jointly). I'm happy to just to get…
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Name on Mortgage
My husband passed away a couple of years ago and his name was the only one on the mortgage. To date I have been able to continue paying the mortgage as the executor if his estate but can I simply take over the mortgage and have it put in my name?
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credit card debt and affordibility
Hi our mortgage is due for renewal in may 2018. At present i have 5 k on an 0% card due to doing a load of home improvements recently. Its looking like we will need a new car by next year. Im able to pay off £500 a month on the card or even more. When it comes to getting a new car i really only need to spend about 3k so…
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Offset Mortgage vs Overpayment
I'm thinking about two mortgages as follows: 1.65% variable for term £999.00 Fee 1.75% Offset variable for term £999.00 Fee Mortgage balance is £146000, LTV 26% Current savings £20000 and looking to overpay by £1000 per month. Is there any benefit using over payments (apart from the slightly cheaper rate) if my aim is to…
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Santander Mortgage Problems
My partner is English, moved back to the UK from Denmark 12 months ago and is now buying a house in the UK. It has taken him 12 months to rebuild his credit history because even though he had an excellent credit history in Denmark, it's not recognised in the UK. He is still employed by his Danish company so is paid in…
