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Fix, pay off mortgage completely or offset?
Hello all, I hope you can help... My partner and I have a joint mortgage (joint tenants) and have put down an equal deposit. We are wanting to fix our mortgage and have found deals with an interest rate of under 2%. I have always liked the idea of being 50/50, but should I use my 60k savings to pay my half of the balance…
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Remortgaging a Buy to Let Property
Hi All, Our current 10 yr mortgage is due to expire in 10 days. We obtained a quote through a mortgage adviser and accepted it, filled in all the paperwork etc a month or more ago, ready to complete 19th Dec. Now they are asking for an additional £5K due to damp. I don't think the property is damp. Is it ethical that they…
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Any suggestions on my situation? (remortgage, sell)
Questions as per title, ill try and list as much detail as i can. Bought house in 2011 for £104k with 10% deposit. Mortgage was ~4.69%. Stuck with our bank as we had issues with a fraudulent default and just wanted the mortgage. Was over 31 years IIRC. Remortgaged after that fixed term (2 years). Didnt really look round…
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End of fixed term. Staying with lender. Is this a good deal?
Hello, My mortgage fixed term is coming to an end on 28/02 next year. I am with YBS. I have made significant overpayments since I first took out the mortgage five years ago, and got the LTV down to about 20%. Outstanding loan by the end of February will probably amount to £55'000. I'd like to stay with my lender ideally.…
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Mortgage never goes down
My hubby's mortgage is currently with Lloyds Bank. He pays £700 a month, then the interest is added ontop. The mortgage never seems to be going down, is this normal!?
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Contract Reassignment Mortgage Nightmare Before Christmas
Hi all, I'm stuck in a difficult legal situation and would appreciate any advice on how to resolve it. Earlier in the year, I exchanged on a contract reassignment flat purchase in London - essentially buying something off-plan, from an investor who originally put down the deposit with the developer to buy the unit…
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When in month to overpay mortgage?
Hello! This is my first time posting but I've been a lurker for about a year and a half when I bought my first house with my partner. It's always been important for us to pay off our mortgage early and we want to make the most of not having children yet and start overpaying after Christmas now we've carpeted the place and…
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Re-mortgaging affordabilty checks?
Howdy all I'm booked in to remortgage next week and have a couple of questions. Im going to be staying with the same vendor (Stanander) after number crunching and comparing various vendors. I am also lucky enough to be able to pay off £20,000 when I remortgage. I also want to reduce the term by keeping payments as they…
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2yr vs 5yr fix?
Good morning all , I'm torn between a 2yr fix or a 5yr fix rate mortgage, fees are the same but a £71 per month price difference. I'm tempted to roll the dice on rates being similar in 2yrs but is that foolish?
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Mortgage Overpayments before porting mortgage to a new home
Hi All, I have a mortgage repayment question which is linked with moving home and getting another mortgage. At present I am half way through my fixed rate mortgage term and the redemption fee on my product is several thousand pounds. I am looking to move in future to a larger property and will need a bigger mortgage for…
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What does the search show as
We have submitted our FTB H2B mortgage application to Natwest through an IFA, the H2B people have confirmed we are fine to have the equity loan, Natwest tracker has ticks next to the first stage that says they have confirmed the solicitors details, checked our paperwork and don't require anything further and the valuation…
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Re mortgage
Is it possible to get a mortgage on a home you own outright to raise cash to pay off your parents who gave you part of the money to buy the property. There is no other mortgage on the property
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being made redundant and ready to complete on buying a new house
Hi, wonder if anyone can help please. Really worried about my best friend so I've told her I'm going to seek advice. They are ready to sign for their new house next week and get a move date for the middle of january (they also sign papers for selling their house) However the husband has just been told today that he is…
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Have I got any hope of owning a home
Hi All, I am currently on a DMP with payplan. My defaults are due to drop off soon but here is still about £14000 owing, which I am steadily paying off with no payments missed. My husband and I earn about £55k a year total. Have I any hope of ever being able to get a mortgage, we have seen a shared ownership home and are…
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cONTRACTOR MORTGAGE AND GAMBLING
Hi, I am a contractor applying for my first mortgage with my partner. On her bank statements shows 4 transactions to an online gambling site amounting to £1300 over the last 3 months. Would this cause a problem with our application?
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Help to buy guarantee scheme
I just wanted some advice on the help to buy guarantee scheme that ends 31st December. How long does a bankruptcy have to be discharged to qualify for the scheme. I have been told 6 years by a broker but the gov site states 3? Does anyone have any experience or knowledge on the scheme that know the criteria? Many Thanks.
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Deed of Postponement
Hi All Im waiting for my solicitor to get the deed of postponement in relation to a shared equity buying scheme. This is going to take 48 hours according to Halifax to sort out. I am however getting pressured by people in the chain to exchange sooner than later. Can I Exchange without this deed?
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Mortgage Offer Address Concern
Not sure I am in the right place for this question but thought there might be someone to help with this issue... We are first time buyers, have found the house we would like to buy and have had a mortgage offer sent to us. The problem we have is that we did not receive it by post as the correspondence address on the…
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Habito
Hi All Has anyone used the new Habito service? Or heard of it? Thanks
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Broker Kept my fees
My daughter just had a bad experience with a mortgage broker . He did a lot of searching and finally said he had found some lenders that would offer a mortgage.He then requested a fee of £499 plus another £370 for a valuation fee. She then found out a week later that she could not in fact have a mortgage as the lenders had…
