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Re Mortgage to re consolidate debt.
Hello, I hope you are well. This is a query on behalf of my parents. They own a £180k property with circa £2k remaining on the mortgage, pretty much out right. They have came into a spot of trouble due to family circumstances and my mother has approx 15k debt which she would like to wipe (Credit Cards). We were thinking if…
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Mortgage with past payday loans
Hi All I opened up a help to buy ISA earlier in the year with Natwest who I've banked with for a number of years. During the application the advisor ran through some questions and indicated that the system was showing that I would be 'highly likely' to be accepted for a mortgage based on my account activity. Today it…
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Gifted deposit return
Hi, Thanks in advance for any help! My grandfather gifted myself and my partner a sum of money to help buy our house. He signed a gift letter and everything for Natwest when we got the mortgage. We've since completed on the house and bought everything we need, and still have a small sum of money left. We would like to send…
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Overpayment help?
Evening all. We have a mortgage with Halifax and are a year into it. We want to make an 8k overpayment but want to know how easy it would be in the future, to recover those funds back to us if we wanted to use it to either make home improvements or ideally to buy land. We CANNOT get Halifax to understand what it is we're…
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Fixed Rate Commercial loan - Help required
Does anybody know if a bank can change a 10 year fixed rate commercial loan to a variable one after only 5 years of the term without any consultation because this has happened to us. We think this is a very serious issue as anyone else had any experience of this?
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Can Mortgages Be missold
I have been on a SVR now since 2010 and I have just fixed my payments again with the same bank (SANTANBLAH) just by swapping interest rates. Literally went on line found my mortgage with them online and just swapped the interest rate over and fixed my payments for the next two years saving me over £100 per month Really…
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Advice please
Hi Hoping someone can give some advice Me and OH are hoping to get a mortgage sometime next year and we are looking for advice on to when or if we will be able to and when to see a broker which we will. I got into a lot of debt a few years ago approx 70k Mainly loans but also payday loans, all payday loans paid approx 2…
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Build a house Mortgage
Hello everyone, my partner and myself has seen land with full planning permission for detached house that we would be interested in buying. We currently have a rpmt mortgage and approximately £50k equity in our house. Does anyone know the best way for us to be able to purchase this land and build our home financially? Many…
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Default and Missed payments
Are defaults and missed payments the same when trying to apply for a mortgage ? I had a default back in 2011 and 2 separate missed payments in july (went on my honeymoon and completely forget to make the payments like the idiot i am!) Are they likely to scupper my chances?
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Help to Buy Ending
I am a first time buyer and have been saving for a 5% deposit with the hopes of taking a HTB 95% mortgage early next year. A friend made me aware that the government are withdrawing the Help to Buy mortgages at the end of the year. From a bit of reading online, I can see that not all lenders participated in this government…
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Will I have to pay tax if I surrender my endowment ?
Hello - I have a shortfall on my endowment so I was hoping to cash it in and use the proceeds and some savings to pay off my mortgage. I have had the endowment policy for 19 years with 6 years left to run. I have been quoted a surrender value of £17500 but the letter mentions that tax may be payable which I had not…
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Mortgage Anxiety
My wife and I have just had an offer accepted on a house. We have a 45% deposit and are looking to get a mortgage agreed in principle however I am very concerned it’ll be declined due to 1 defaulted account I have on my credit file. The account was settled in July and there are no other black marks against me. We both earn…
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Buying a 2nd House
Hello. I hope you can help please. I currently live with my father and rent my home out on a buy to let. I owe 90,000 (LTV is under 70%) and by the time I want to buy another property will have been letting it for 6 years. I plan on holding onto that and buying another property with my girlfriend. A couple of questions…
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Switching from a Residential to a BTL mortgage and taking equity?
Does anyone have any recent experience with a switch from a Residential to a BTL mortgage and also taking equity at the same time? Is it possible and what would be the reason I would need to have for requiring the equity. In the past I have been told this equity withdrawal can 'only' be used for home improvements.…
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Wanting to help the parents.
Evening all, hope this is in the right place. My mother's worried sick about her mortgage as it runs out next year but it won't be payed off. She's 62 and my dad's 64 both still working. Is there any way of helping her out apart from me winning the euros!!
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trouble getting a mortgage declined at credit check
I am really stressed at the moment. we have had an offer accepted on our house. and after asking santander how much we could borrow we put an offer in on a house. I asked if we could borrow 220K and after giving all our details we were told that would be ok, but things might chance when we put the application in. I phone…
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What am I?
I recently sold my house due to a divorce and I am currently renting while I repair my credit. I've been looking around the Internet to see what's on offer but they all ask if I'm 1- a first time buyer, 2- remortgage, 3- home mover. What would I come under? Technically it won't be my 1st house , I'm not going for a…
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Will this affect our mortgage application?
We weren't planning on buying until next year. I looked at the market some months ago and nothing seemed to be coming up so gave up on the idea. Fast forward this week an amazing property has come up which we've been accepted for and put an application through our bank for. We've been splashing the cash so to speak as we…
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Timing mortgage overpayment
Say if you have a £200,000 mortgage with 25 years remaining at 4%, and you can overpay up to 10% of your mortgage balance as at the start of each year. Say if I want to make the full £20,000 overpayment, does it matter if I make the overpayment in January or December? How much of a saving if any, would I be making if I…
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Which route is best?
Hi everyone, The girlfriend and I are looking at moving in together next year before getting married, this is after my rental contract expires in March. I am a very lucky boy in that not only is she beautiful, smart and lovely, but she also owns a house and has a fair chunk of equity in it. I have some debts, including…
