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Is upsizeing to a new mortgage a good choice?
Hi there, newbie here! :D We planning on moving from our first house with my wife. In the last 6 years our initial capital of 10k grown to (hopefully) around 50k once we sold the house. This is due to the fact that we choose a shorter time mortgage, with higher monthly payments as an investment, also the house price went…
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Can you still get a mortgage over 60?
Evening all, I've just been speaking to my folks and they have a bit of a dilemma. They are in their early 60s (61 and 62), my Dad is retired, Mum is still working, they want to move house and ideally downsize. Their house is worth about £200k, they have paid off most of the mortgage so they would have about that much to…
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Buying a new property and ending a relationship
Please spare me the relationship counselling. My partner and I look like splitting. We have two very young children. I have a home with about £120000 equity. I would like her to stay at the house, however would also like to buy a new property for myself, nothing too big of course. I have no problem paying child maintenance…
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Fixed rate mortgage almost up
Hello, I bought my first house in May 2015. I have a 2 year fixed rate with Nationwide that will end in May2017. So far very happy with fixed rate as Im paying the same amount each month so great to budget. When will I need to start looking for new deals?! And with the recent 'brexit' would you recommend to stay on a fixed…
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Nightmare remortgage - is there anything I can do?
Hi, I'm currently going through a very long and stressful process of remortgaging to a different bank that has already cost me £995 on a product fee for an application that expired (and they want another £995 to apply again) and excessive payments on a standard variable rate. Along the way, I feel that a mistake has been…
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Mortgage timescales
Hi. If i applied for a mortgage via a broker- how long does any offer last? I am applying for Right to Buy- so dont know whether I should be applying for a mortgage before or after I submit the RTB forms?
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Property over 275k
I am looking around for mortgage deals and thought I'd ask a question here as well to see if someone knows about better deals. I was looking for a property that cost around 275k (new build) and was looking forward to buy it. I went on the moneysaving expert mortgage comparison page and found a deal from whoolwich WEbsite I…
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Reasons for missing credit card payments / contradicting Equifax/Experian report
Hi All, I'm in the process of applying for a mortgage and my broker has applied for an agreement in principle from the lender and they have responded to ask for the reasons why I have missed 4 payments on a credit card in the last three years. Firstly, I don't remember ever missing a payment. Secondly, my Equifax report…
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Surveyor Declined due to Banks Lending Criteria...
Does anyone know where I can find Santander's Lending Criteria? Their surveyor gave inconsistent information, whereby they ticked the box to say its worth the mortgage, but then said due to Santander's lending requirements based on resale-ability, they cannot advise to proceed with the mortgage. Rather than me paying £365…
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Buying new place before selling old one
I currently have a flat in Scotland which I expect would sell for £130,000. On this property I have 14 months of a 2-year fixed mortgage rate deal remaining on this property an an outstanding mortgage balance of approximately £45,000. I therefore have approximately £85,000 of equity in the flat. My other half and I would…
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Car finance/Lease and Mortgage Question
Hi all, Me and my wife are moving back in with the parents for an 18 month period to live rent and bill free to enable us to save for a deposit for our first house. We currently live in a city and I don't require the use of a car. When we move back in with the folks in January 2017 I will need a car. I'm unsure what is the…
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New deal with existing lender
Hi My current fixed mortgage deal ends on 03/03/2017 and I can now apply for a new deal online. I have just been online and the new deal for 2 years fixed comes at 1.69% with no product fee. It says the new deal will start when your current deal ends but then it shows the new deal will end on 02/01/2019. I was expecting to…
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New Increase of Pay - How can i get a mortgage?
I've just had a new contract put in place to give me a salary of £32,760.00 a year before any overtime is added. My issue is most lenders seem to be wanting to only go on my last 3 payslips worth of pay. I have put an offer on a property but without being able to be leant the money based on my new income (which i think i…
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Additional Borrowing Question
Hello, We've been looking into building an extension and think we'll need to borrow £35k, I've never dealt with getting additional borrowing so I've got a few questions that I'm hoping someone might be able to help me with. Our mortgage at the moment is with Tesco and is Fixed until Jan 2018 (LTV under 60%, 1.29%), having…
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advice needed buying parents home
I am wondering if someone can help, my parents 76/74 are having trouble with mortgage, fFathers work got quiet in recession and then became pensioner so interest only was agreed on mortgage, now they want them to start paying as a repayment mortgage, they have 40k left on mortgage and have paid £100k, can I get a mortgage…
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90% New Build Mortgage and incentives
Hi We are about to sign on the dotted line on a new build house, due for completion May/June. We had to go 90% route which has limited our options to 2 companies. Leeds and Skipton Our mortgage advisor decided to go with Leeds, however the property has been put back to June/July and the documentation has arrived early.…
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Help with redemption statement please
Hello, We are remortgaging tomorrow and I have a question about the redemption statement received from our current lender, NatWest. The redemption statement was calculated and produced today (07/11/2016) and all payments are up to date. If I log onto my NatWest mortgage account online, my outstanding amount is £119,453.99…
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Adding spouse onto mortgage..how?
Hi My husband and I have lived in the house since it was built 5 years ago. However, at the time i couldn't get a mortgage due to being out of work. I have been full time employed since and good credit and of course my husband and I would like me to be on it. What is the procedure? Our mortgage is also up for renewal this…
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Would you take out life insurance as sole applicant?
Hello I am close to exchanging on a house - first time buyer - hooray! I was offered life insurance by the broker and after thinking about it I have decided to turn it down because I am the sole applicant without children. My thoughts are that later down the line, should I take out a mortgage with my boyfriend or if we…
