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Mortgages & endowments

Archives for October 2016

How feasible is this?
My husband and I bought a flat 2 years ago with the HTB equity loan scheme. We've now found a house we like and would like to buy, but I've always wanted to keep the flat to rent out if possible. The flat next door to ours has just been sold for £185K but I think it was under priced for a quick sale, I think £190-200K is…
Referred Mortgage
Hi All Just wondering how long it will take before we find out if the mortgage has been approved. We were referred last Monday and the mortgage adviser said that he would find out why then on Friday he emailed to say that he needed hubby's latest wage slips which we sent on Monday and we are still waiting.
Mortgage overpayment with 5% ERC
I have £75,000 which I would like to use to overpay my mortgage. Unfortunately I'm in year 1 of a 5 year fix and any overpayments would incurr a 5% early repayment charge. I'm trying to work out the best option (in terms of overall long-term cost) for making the overpayment. My main question is whether I'm definitely…
Question for a mortgage broker
Is it possible to have your spouse income as additional income for yourself to obtain a mortgage? As either rental income or just additional income you are receiving? I am in a strange predicamant with my wife, where she has zero gaps in employment history, but for the last 9 months she has been contracting with Deloitte,…
Calculate monthly repayment
Say I have a mortgage of £100,000 over 25 years at an interest rate of 3.25%. How can I calculate what the monthly payment would be? I realise there are online tools to do this calculation for you. However, I want to calculate it myself on a month by month basis after taking into account overpayments. I am looking for a…
Adding partner with own property to my mortgage
Hi All, Have had a good look round but can't find a definitive/ clear answer to the following. Hope somebody here can help. My partner has moved into 'my house' which I currently have a mortgage on. She too has a property which she has since rented out. Also mortgaged. We want to extend my house but doing so will require…
Remortgage Fees
I have applied for a remortgage with Nationwide using their flexexclusive products that includes valuation and legal fees being met by the lender. We have an approved decision in principle and Nwide have appointed a conveyancer and a valuation is booked. We are clearly a way off from a mortgage offer. The question I have…
Second Mortgage
Hi , Due to work my wife is looking to buy another house. She has currently a joint mortgage with me will se be eligible to get a residential mortgage or would it have to be a BTL? If it was residential would her having a mortgage already with me affect her LTV? Thanks Tiger
Borrowing more for home improvements
Hello, I am considering having a new kitchen and have a few questions around borrowing through our existing mortgage lender. Our existing mortgage is with Nationwide at about 150k with 21 years remaining. Our house value is at just over 230k so borrowing around 15k shouldn't be a problem. Our existing mortgage is fixed…
new location - new job
We are moving counties and have an offer of work in the new area. Also my husband works in an industry with a national shortage. We are renting at the moment however do we need to rent in the new area before we can buy due to just starting a new job. We have a good credit history. Any advice will be most welcome.
Estate agents want to see 3 months pay slips and bank statements?
Hi, We are first time buyers and have just put in an offer on a house. The estate agent has requested we go in for an appointment and bring 3 months payslips and 3 months bank statements + proof of deposit + P60. Is this normal? We are with a broker and have supplied the AIP certificate to the estate agent. It feels…
The irony of bad credit and mortgages
Is it only me who is frustrated by the irony that we can't get a mortgage because of a bad credit rating and yet if we COULD get a mortgage our outgoing would reduce by 1/2 - 2/3 and we could pay off all our outstanding credit within less than a year?! :mad: What we need are Investor Angels....! :A
Overpayment allowance after Nationwide product switch
Hi, We took out a mortgage with Nationwide recently for £348,000 and have been overpaying the maximum amount allowed. We are getting to the end of the fixed period and plan to switch products (to a 2 or 3 year fixed rate deal) and stay with NW. The mortgage amount at the time of the switch will be around £264,000. So, NW…
To remortgage early or not?
We are currently about 6 months away from our fixed term mortgage agreement ending and we were planning to remortgage as soon as that was up. We bought our house for £160k with a 5% deposit and have made significant improvements so it is now worth around £230k.:j However, we have been thinking about paying the early…
Sole mortgage
Hi guys, be grateful for your advice on this... I currently have a mortgage on my home in my own name which I took out in 2012. I am hoping to remortgage to bring the monthly payments down. Although my partner and I have lived together for several years we are not in a position to get a joint mortgage due to (extremely…
Changed Bank Accounts - Mortgage Requiring Past 3 Months
Hi I have 4 current accounts in total over the years, I switched one I barely used (but transferred £8k to over 5 months from main account, to withdraw in cash), was used for things like buying a car from a close friend, holiday money etc... I switched the account in the past month to take advantage of the M&S bank offer,…
Buy-to-let mortgage / affordability
Hello all, I'm seeking some advice before speaking to a mortgage broker / financial advisor. I am looking to buy a 6/7 bedroom house which I (27 years old) will live in and rent the other rooms to young professionals like me. Hopefully people can shed light on whether I can get a mortgage/several mortgages to cover the…
First Time Buyer & CCJ
Hi everyone, I was hoping I might find someone who has been in a similar situation to myself or someone who could give me some advice. My partner and I are currently saving for a deposit with the hope to purchase our first property early next year, however my partner has some bad credit history from his younger days - a…
Do we have a chance of getting a mortgage?
Hi, We have reserved a new build home using the help to buy scheme and are looking to borrow £129,000. Having looked close at our finances and my partner opening up about some debt I didn't know existed (we're not best friends at the moment :mad:) I'm worried we'll have trouble finding a lender when we run through with a…
Nationwide Valuation question
Natonwide are carrying out a valuation on my purchase tomorrow. thing is, what i've offered is about 6k higher than a recent sale. Zoopla estimate on that house hasn't changed since last Sept when it sold. There are not many properties sold in the street. 2012 another sold for around 55k but needed loads of work. Most…

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Mortgages & endowments

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