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so we have an AIP
Hi all Getting myself into a complete tizz about this and just wanted some advice We have obtained a DIP for 230,000 with L&C - not done the full application yet. Just found an arrangement to pay that was settled in May 2014 and this has got me really worried. This was on Noddle, cannot see it on any other reports and only…
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Please help with mortgage problem
Hi, I am recently divorced, however I am still named on my ex wife's mortgage although I don't financially contribute to any payments. She pays everything and has done for over 4 years. I am now looking to buy a house, although I haven't spoken to an IFA yet, I was holding someone could offer me some advice. Am I right in…
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What type of borrowing???
Hi, I'm after some advice on what type of borrowing I should go for (wasn't sure if this is the right forum really) I own my own house and have never had a mortgage, I now want to borrow some money to do some improvements, probably around 30k but I'm unsure what type of borrowing would be best. I also only want a term of 5…
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My mortgage options only owned for 1 year
Hi I'm looking for advice on what my options are. I'm 24 and decided 2 years ago to buy my own place so I saved up for 1 year and bought a 3 bedroom house for 160k with a 5% deposit even though I was single and live alone. My reason was I would most likely need one in the future and thought why not get one initially to…
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Transfer Cash into bank account to pay lump sum off of mortgage
Hi everyone, looking for some advice. I am looking to overpay my mortgage by £100 a month. My mortgage is currently at £115k with 34 years left on it. It is my understanding that my interest rate sitting at 3.44% is calculated daily so it led to me to think could I transfer cash into my bank account and pay off my credit…
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Fixed term contract going to a permanent contract
Hi, My boyfriend has been on a 12 month fixed term contract which is due to be converted to a permanent contract at the end of February/beginning of March 2017. Will mortgage lenders look at this as they would a new job and perhaps want him to be in employment for 3/6 months? He's not starting on a new probationary period…
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13 years remaining, remortgage soon, opt for 10 year fixed?
We have 13 years remaining on our mortgage (£86,000) and due to renew early 2017. We'd like to pay it off sooner, so we are thinking of a 10 year fixed interest mortgage over a 10 year term. (Current property value is about £230k). Is there something better we should be considering?
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Changing Mortgage rate with permission to let on the property?
Hi All I have a property that I started to rent last year and got permission to let forms in to my bank so I can let for 2 years but now my rate ends and been told I can't change rate because of the permission to let is in place so any advice? I can't change to buy to let as I don't own another property myself. Would I be…
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Selling a property with a shortfall on the mortgage
Myself and an ex-partner own a small property in Northern Ireland, we've had a cash offer from a developer which would leave us with a £30k shortfall on the outstanding mortgage. Neither of us has the money to cover this in savings, but I have another property I can mortgage my half against. My ex on the other hand would…
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Porting & Early Repayment prior to moving
Hi there, Myself and my wife are planning on moving in the new year. We're coming up to one year in our current two year fixed rate contract with Santander, interest is 2.09%, outstanding balance of £97k with property valued at £210k. We were looking at properties in Scotland ~£300k with around a 100k deposit. In terms of…
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New Job - Mortgage Application
My girlfriend is in the midst of a fall out with her employer that she has referred to a solicitor. Ultimately, she will be leaving the company, however, she is still employed with them at the moment. We're looking at a new build property for £182,000 with a 5% deposit and the help to buy scheme providing 20%, The property…
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Interest free BTL mortgages available?
A bit of advice please. My husband and I currently own our own house and 2 BTLs. No mortgages. We would like to gift our children deposits to buy properties but without selling either of the BTLs (due to capital gains). Do you think it would be possible to get a £200K interest only mortgage on one of the BTLs (currently…
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Mortgage Due to Finish HELP!
Hello all, I am sick with worry here. Long story short. Husband retired a couple of years ago. We had a 3 year plan to get all our mortgage paid off with starting up our own businesses. His health had been suffering due to an infected knee replacement operation before he retired. It hugely impacted our ability to get…
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Selling property with ex partner
I am selling a property that I own with an ex partner. I have been paying the mortgage myself for about the last 9 years(interest only) she hasn't been involved. Will she still have a right to equal equity? Originally when I tried to get her name off the mortgage she said didn't want anything but I think that might have…
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New Mortgage & Buy to Let
Hi all, I'm almost thinking out loud here, but would value any advice or comment. I currently own a house (£125,000) with approx. £66,000 left to pay. Deal runs out in 2 years, current redemption charge is around £3k. I wish to purchase a new property (£250,000) ideally with an LTV at 85% (or less), which would mean a…
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Mortgages/Loans to fund purchase of commercial properties.
Hi all , I am wondering what are the various loans/mortgage options available to buy commercial/non-residential properties. To be specific we are looking to buy a shop/small office space to let.There are very little information seen on internet for these kind of loans. Any one with experience investing in such properties??…
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When to Apply
Hello all, I'm a FTB. I've been saving for a deposit and currently have £7800 deposit, to which I'm adding £950 a month. I've started to look around at houses but haven't found anything to buy yet. I'm planning to save a bit more before actually buying but I'm looking at having between 5% and 10% deposit depending on the…
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Will I ever get a mortgage?
I became debt free in 2016. I had quite a lot of debt and defaulted on some accounts back in 2008. All the defaulted debt has all been paid and has dropped off my credit report, including a ccj that has been paid in full and dropped off my report in January. There's nothing but green ticks on there now as I haven't missed…
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Joint mortgage, breakup, advice
Hi, I am in a bit of a messy situation and really need some guidance if possible. My partner has left me for someone else (already moved out), and we have a joint mortgage (99% sure we are joint tenants rather than tenancy in common). We have around 220k left on the mortgage, paid 250k for the house, however a nearby house…
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Variable Rate for Lifetime - an oxymoron?
How can a mortgage (Coventry Flexx for Term) be advertised as a rate for lifetime (1.49%), when it is Variable? Surely no-one knows how this will vary, so this rate is meaningless?
