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Post Office Mortgage Overpayment
My mortgage allows limited overpayments on the usual terms for a fix. I understand the usual options for overpaying are to either have the overpayment reduce the term as you go along, keeping the regular monthly payment the same, or to have the overpayment calculated to reduce your monthly payments. The bank favouring the…
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Short term loans and their effect on obtaining a mortgage
Hi I feel like I'm stuck in a financial nightmare/merry-go-round. My ex-husband left me with considerable debt and I had 4 accounts put into default and I have since paid them all off. They have had zero balances on them since 2013. I got back on my feet and was on financial level ground for a couple of years. He is still…
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Mortgage lenders who take tax credits into account please
Hi Please, help, does anyone know of any mortgage lenders that take working tax credits, carers allowance and child benefit into account? Also, do they take 50% or 100%. Thank you.
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Halifax online product switch help - interest only
My fixed rate of 2.69% is due to end in Jan 2017. I've looked online at the new rates but it says you can't switch online if your interest only. You need to call or go in branch. Will they run the full affordability checks if I call? I know we will fail as we have huge childcare cost and some debts which will be gone in…
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remortgage after iva
We finished our iva in 2011, but for a variety of apparent reasons didn't get the completion certificates until 2015. (!) Pre iva we tried to resolve the problem by taking out a second mortgage, which we still have, at an exorbitant rate. Is there any way we would be now allowed to consolidate the two mortgages by one…
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change to tenancy in common
Hi there, Hopefully you guys can help out with a doubt my neighbours are having. 1) Their property is owned by themselves (father & daughter own the freehold house). 2) They have printed a Form A restriction form. (SEV) and are in the process of completing it as they want to change the joint ownership type from joints…
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First time buyer help
Hi me and my husband are first time buyers and have one dependant. We have had an agreement in principle with NatWest which states 185,000 with a deposit of 10,000. As we have gone for the help to buy 5% deposit, So we have found a house and made and offer of 137.500 which has been accepted, however we haven't got an…
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Gifted Deposits
My GF has 25k which she will be using as a deposit for her first home. She has accrued this in the past 12 months from the following. Father 10k from pension Saving her monthly wage 5k 1st brother living in the UK 1k 2nd brother living in Norway 1k 3rd brother living in Norway 2k Me putting part of my wage into her account…
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Option to switch fixed rate from a tracker
Hi I am considering switching to a 2 year tracker with the nat west: 2.39% (no fees) The information states the following: Option to switch to fixed rate? All Tracker mortgages have the option to switch to a Fixed Rate from 3 months after the mortgage deal begins. There will be no ERC charged and a product fee at that time…
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Do mortgage providers vet existing customers for renewal?
Hi Hope someone can answer my question. Upon expiry of mortgage deals, do mortgages providers switch existing customers to new mortgage products without going through income checks or do they insist on going through the checks all over again? The reason I am asking is that I am in a permanent job but intend to go back into…
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Changing who's gifted me a deposit
Hi, my father has offered to gift me a deposit of £100K and I have supplied gifted letter to my mortgage adviser who has filed my application. I'm now concerned that if anything should happen to my father I will be liable for inheritance tax but also don't want my father to hand over such a large sum of his savings. So I…
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Transferring % of Equity
Property has a mortgage on it paid by one person. That person wants to transfer 50% of the equity in said property to unmarried partner, but without partner paying towards the remaining mortgage. Questions: 1. Can this be done? 2. How (avoiding pricey solicitors)?
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Overpayments with NATWEST
Hi all, I have just taken on a new mortgage with NATWEST as part of house move. I'm looking to overpay small amounts when I can. I just spoke to a guy at their call centre and he gave me the account number and sort code of the mortgage account so that I can sent payments to it via online banking. Fine. I said that I want…
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Fixing rate for longer - 2 or 5 years
I've booked a 2 year fixed rate swap with the Coop (Britannia) but can change it anytime up to 31.01.2017, with all the news pointing to higher rates I'm considering a 5 year deal now, anyone thinking the same? Lots of poster here saying rates won't rise etc only a few weeks ago, now sentiment seems to have changed. Deals…
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Buy to let
I couldn't sell my house in Scotland, so we've been letting it, technically making £25 a month profit, but with paying for repairs plus making mortgage overpayments every month, it is about £2k a year loss. The house is probably now worth the same amount as is left on our mortgage. We've never declared it to the taxman,…
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Remortgage advice needed - transfer of equity?
mods - please delete - thank you (as no replies!)
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Increasing a mortgage for an extension
We own a house near Leeds and are considering getting an extension to accommodate our family, only I have little idea whether it is possible to extend the mortgage. Our current deal expires in September next year and by then we'll have approx 85k remaining on our mortgage for a house we bought 6 years ago for 145k and we…
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Mortgage Overpayment Help
Firstly, my apologies if this has been discussed / answered elsewhere. I have had a look and can't really find an answer to help me. I have a mortgage, which is 1 year into a 3 year fixed term, 30 years in total - at present. I am able to save £250 a month, but with very little interest I think I would be better to put…
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How important is 4k
hi, I am currently earning 27k...am planning on buying on my own next year. I have been offered different job on a 31k salary - but more stressful work. Would the 4k difference in annual salary REALLY have such an impact on my mortgage offer? Have to make a decision on job by Tuesday! eeeek. Just don't want to regret…
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NRAM Letter received today re: new annual payment review. A reason to be concerned?
Hello, I was wondering if anybody else has received a letter from NRAM today saying that they have introduced a new annual mortgage payment review, which may contain a change to the monthly payment amount, but it was fairly sparse in information and wasn't a tailored letter to say what this may mean to us in particular…
