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Clydesdale Bank mortgage - end of fixed rates
Hi, I'm an IT contractor, I'm self employed through my limited company. I currently have a mortgage with Clydesdale bank, with a 2 years fixed deal. I'm planning to start a business in a completely different industry. It will take time for my business to become profitable, and my first months of income might not initially…
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Endowment Confusion
Hi, I asked this question on someone else's thread but thought it better to start a-fresh. I had an endowment policy with MGM which was due to mature in July 2016, I received no notification and only recently found the paperwork. I contacted MGM, to be told the business had been sold to Scottish Widows, they inform me that…
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Avoiding Capital Gains Tax
I think I already know the answer to this, but, hypothetically, is it illegal to list a house as your main residence even if you've never lived in it? I was just reading around th3 house flipping scandal and wondered whether this was an unclosed loop hole. For example, if a person recently built a house next to the house…
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First time buyers
Hi, We're new to the forum, and after some wisdom if that's ok?! We've had an agreement in principle, we asked for £60k and they've offered up to £174,000, although we've no intention to borrow this much! This is a mainstream lender and, even though I've only been in my new job a month, they only require a month'a bank…
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Pay it off or keep a little?
I'm in the fortunate situation that I have enough money saved to pay off of my mortgage. My 5 year fixed rate just ended and the rate will increase to the SVR unless I get a new deal, which I don't need. I plan to move in about 2 years and will probably need a new deal then for a bigger property. I'll save more in this…
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Remortgage Credit Check Detail
Hi, I started a DMP with Payplan back in 2009, and recently the last of the defaults has fallen off my credit file (according to Noddle and Clearscore), although I am still in the DMP which is now self managed, and probably still have around 2 years to go. I am looking to remortgage next year now my credit file is clear,…
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deals and fees
hi, just looking at current deals as my mortgage deal ends this month. i am planing to stay with my current lender because im self employed and wont have to submit accounts etc. i know if i was a new customer i might get a better deal, but all products or deals seem to have a fee or the rate is higher if no fee . if you…
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End of mortgage deal, what next?
Next year my mortgage deal will finish. Will I be automatically offered a new deal by my current mortgage provider and if so, will that involve going through the same checks?
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Improved Circumstances - Mortgage Chances?
I am after some advice on Mortgages. I have previous defaults which are affecting my credit score. The most recent was in September 2014. My financial circumstances have improved significantly since then and I am on track to have all my outstanding defaulted balances cleared in the next 6 months. At that point I will have…
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Changing Interest only mortgage
Hi Folks, I am hoping that somebody can give me some advice please. I have a Santander mortgage that I switched to interest only 5 years ago due to my financial situation at the time. However, for the last year I have rented the property out (without informing Santander) and wish to continue to do so. My financial…
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Halifax mortgage overpayment borrow back
Hi, My parents have a mortgage with Halifax and they have been overpaying for years. They recently (last year) made a 15K overpayment however due to their low earnings they couldn't reduce their mortgage term further which effectively means they could make more money on the interest on the sum than from the mortgage…
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What happens if I revert to SVR?
Hi All, We have a bit of a quandary: we have a standard residential repayment mortgage on a house that we've since let out and have applied with Barclays to replace the existing residential mortgage with a BTL. The fixed term on the existing residential mortgage expires end of Dec 2016. Tenants are absolutely covering the…
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pension / student loan
Hello Does anyone know what lenders disregard student loan/ pension contributions? Also, do lenders typically lend 3, 3.5 or 4 x your salary? (approximately).\ Cheers.
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Mortgage Advice - Moving House
Hi, I recently split with my partner and we've found a buyer for our house we have a mortgage on together. It's a five year mortgage and were just coming up to the end of the second year so there are penalties for ending the mortgage early which I estimate to be a few thousand pounds. Would it be possible that the Mortgage…
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Barratt Homes 'Dream Start' Scheme
Hi all, I find myself in a financial pickle - all of my own doing, and yes it was all very stupid - but I wonder what everyone thinks about my options moving forward? In 2008 I bought a new build flat with Barratt homes for £132,000. Their contribution was a deposit loan of 25% of the purchase price (£33,000) and I took…
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Mortgage product expiry, what is the common practice among other landlords?
I have 2 recently purchased BTL’s, the first property is approaching the product feature end date (Santander 2 year fixed) Q1 - Assuming its common practice to look for an alternative product, do you (other landlords with mortgages) typically re-mortgage every 2-5 years when to take advantage the best rates available or…
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Capital Raising Mortgage on a Bug to Let Property - options?
Afternoon All, I own a property that I purchased around five years ago using an equity release on my parents home that is currently let out and I live elsewhere in the country in a house that I lease. The rental property has no mortgage secured against it but I pay the payment on the equity release that my parents arranged…
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Avoiding earlier redemption
Hi, I am with the Nationwide, the fixed rate deal ends Jan 31st. I was under the impression I can move and take out a new mortgage elsewhere up to 2 months before. My broker has arranged a new mortgage for me, I just paid for the valuation. I had a letter from my sol today with the settlement and I have been stung for 3k+…
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Do "I" need a Mortgage Broker?
Hi All, I see a lot of general advice on this forum and it often concludes with 'Get a good Mortgage broker who can can sort it all out for you'. and for many FTB's or applicants with poor credit history, I can fully see the benefit. My question is, does someone like me need a Mortgage broker ? or would I benefit from…
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Broker fees and insurance
Hi I am currently going for a mortgage with a broker who charges fees of "up to 0.8%, based on your circumstances" as per the key facts document. She has told us that we will only be charged 0.3% if we take out life cover, however this has not been stipulated in any documentation. The life cover is a lot more expensive via…
