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23 year mortgage in 50s.
My situation is Ive decided to move after very long time in property, Early 50s new mort (only at principal and quote stage)would be just under double what I have left now and the term would be 23 yrs (I11 left on current) taking me into mid 70s. Cant see me working until then but who knows. I put offer on house but hasnt…
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Can ending a mortgage early count against you in the future?
I bought my property in summer 2016 but I'm only planning on staying here until summer 2017. I'll probably rent somewhere for a few months and look to buy again in early 2018, mainly due to a change in my income which means I'm earning far more now than when I applied for the mortgage so i can afford to move to another…
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Mortgage and new job??
I've seen what I think could be 'the house' for my little family. And am really tempted to go and have a look. However my husband has literally just given notice in his old job, and will be starting a new one 8/11. Do we have a hope in hell of being accepted or are we better off sticking to the original plan and waiting…
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Title restriction
Any advice woudl be appriciated. Im currently going through a divorce and am in the process of remortgaging to remove the ex's name from mortgage and title deeds. We took out a secured loan 13 years ago with Firstplus, with a second charge on the property. Firstplus sold the debt to Elderbridge. It is now apparent that…
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Mortgage after renting
Myself and partner are completing a mature gap year and sold our home and moved to a new area and rented. We paid our rent a year upfront, cleared all outstanding debts and we took our one year allowance from our pension pots. We will return to work in April as if before we will pay 40% tax for this year and we both work…
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Remortgage - Loft Conversion Issues
Hello all, I am in the middle of sorting out a remortgage on my house with a large well known shopping supermarket. I had my house valued by their surveyor and they picked up that my loft conversion didn't have building regs and so requested a structural survey of the roof. Now, my loft was converted about 14 years ago and…
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Additional Borrowing Through Broker
Hi We have applied to Halifax for additional borrowing. We have gone through a broker. We received the mortgage declaration and the mortgage illustration in the post from the Halifax and by email by the broker. I spoke to the broker who said all approved and to return the declaration signed by both of us. We did that and…
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Additional Borrowing to fund Porch and extension.
Good evening All, We have planning permission and building warrant granted for a porch and 2 bedroom bathroom and utility single story extension. We are currently looking into ways to fund this work. Our current home is valued (Feb 2010) at £200000. We currently owe £133000 and are 1.5 years into a five year fix. We would…
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Should I remortgage my home to fund buy to let
I have enough equity in my home to re-mortgage and get sufficient funds to pay for a buy to let outright. This would leave a big mortgage on my home and I am not sure if this is the best way to fund my buy to let. I would get a cheaper mortgage deal than getting a buy to let mortgage but I'm not sure if leaving myself with…
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Bank statements help
Hi everyone, Myself and my partner are in the process of buying our first property. I'm a teacher and she is a nurse and we earn 24k and 28k respectively. We have rented for 5 years and are currently paying around 600pcm for our property (above average for our area). We weren't necessarily looking to get out of our current…
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Finding the right deal for us
We had a fixed deal that has now ended so we are currently on std variable rate with our provider. We want to get the best deal with greatest flexibility......there are some great 2 and 5 year fixed deals with no penalties for over payments. We are looking to borrow £230K with and LTV of 46%. MY wife is due to retire in…
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Help-To-Buy New Changes
I have opened a Help-To-Buy Account with Halifax 8 months ago. The interest rate has just been dropped from 4% to 3.5%. Does anyone know if I can open another Help-To-Buy account or move to a different bank to improve savings? Thank You. Tom
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Part gifted deposit … Confused.
Looking for some advice…. First time buyer, have an offer accepted on a property and mortgage offer from Halifax/Bank of Scotland. The deposit will be 12000 - have saved around 4000, so the rest will be a gifted deposit from my parents. They have now transferred me the money into my savings account. I didn't realise until…
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Adding a name to house deeds
To cut a long story short. My husband's mother lives in a granny annex attached to the house. We had the house purpose built X years ago, my husband's and my name's are on the deeds, hers isn't. She's 77 and is becoming increasingly apprehensive and forgetful, and worried that if we decided to sell the house and move, we…
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Strange Decline?
Hi - I'm currently remortgaging, received a positive DIP with HSBC and was then declined based on "negative file notes regarding old debt". I had 2 defaults with them many years ago which were settled and dropped off my credit file several years ago. Can they still decline based on this old information? Credit file has…
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Compensation
We have recently had our new mortgage lender send out all of our details (DOB, bank account etc etc) to another persons by mistake!... Fortunately the person concerned as honest and sent all the information on to us and has alerted the lender. We are obviously furious - just wondering how much compensation it is reasonable…
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PLEASE HELP mortgage advice needed ASAP!
Hi All My partner and I are in the process of buying our first home together. The mortgage advisor wants to see our bank statements (only 1). I have gambling transactions on mine would I be declined for this? I've never taken out a pay day loan, never gone over my overdraft limit and never been bankrupt. Please could…
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Postgraduate Loan - Halifax mortgage
Hi there, I've taken out one of the new postgraduate loans this year. Repayments don't start until April 2019. Can anyone confirm if Halifax would take this into account when looking at a mortgage application? Obviously it doesn't show up on my credit score or last three months bank statements and I'm not making repayments…
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Remortgaging after extension
I have a plan figured but am not confident I am thinking right, so any criticism is welcome. I bought a house this year at 172k, with a 75% ltv (129k mortgage) on a 2 year fix. During the purchase I knocked off 10k~ from the agreed sale price due to extra work required and the EU referendum. So other houses in the area…
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Barclays mortgage
Hoping someone can help. We are looking to get a mortgage with barclays we have a 15 per cent deposit on a property worth 135000. Our salary is 40000 so affordability doesn't seem an issue. I went bankrupt over 6 years ago and this does not appear on my credit record my score is high now. The problem is my partners credit…
