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First Post - HTB Mortgage Question
Hello everyone, First post and really hoping some of you could answer my question please. My wife and I purchased our first house a couple of years ago via the HTB mortgage guarantee scheme via our mortgage broker (chose Natwest with a 5% deposit - 95%LTV) Since purchasing our house we have built equity through what we've…
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mortgage advice
just found this forum and it seems that David Ham gave very good advice/ service ; does anyone know how i can contact him / his team...thanks
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Tracker or fixed 2yr/5yr, job changes in future
Fixed or tracker mortgage? Which is the best given today's low interest rates, which apparently aren't going to get any lower now. My interpretation at present is that rates can only really go up from now on, so it would make sense to grab a fixed term for at least 2 years, up to 5 years max? I am a first time buyer buying…
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Help to Buy ISA with spouse on my second but their first...
I currently have a house/mortgage in my name, my spouse is not on the deeds or anything. I did not use the Help to Buy bonus on the first purchase and do not expect to get it on the second. Is it possible for my spouse to use this scheme for the bonus on their first home which is joint with myself that will be my second?…
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Using help to buy more than once
Hi there, I purchased a new build property last year using help to buy. This year they've upsized it to 40% equity loan plus my income situation has improved dramatically, so I would like to buy a bigger place. If I sold my existing property and thus paid back the equity loan, would I be able to buy a new property using…
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Moving home/mortgage - income from room rental
We're now looking at a new place, and its stretching the budget for what the calculators are saying we can borrow. Hopefully we get a low buy and high sell on our current then this shouldn't matter. Bonus/Overtime would cover it but would be hard to prove so I'm trying to plan without this. We really want the place, and…
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Remortgage & Borrow Money Advice
Hello all, first time poster on here, I would love some advice on my current situation if that is ok... Let me explain! So next month is the end of our 4 year mortgage deal with nationwide and we're looking to remortgage. I rung them last month and told them the situation, in 2012 when we brought the house for £120,000, we…
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i need to pay my friend 75k back - help!
So bit of a strange one.. Basically a friend lent me 75k as a deposit as a long long term loan, my mortgage has 165k left, fixed rate for 5 years now, however, the friend and I have since fallen out (quite seriously) and they would like their money back at the end of the 5 years which gives me a bit of time to save some…
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Advice on whether to pay off mortgage
Hi There, I currently have a £150k interest only mortgage. In order to pay off the loan I have been putting money into a Shares ISA and as it currently stands there is enough built up to be able to pay it off. The question I would like to ask is should I pay this off with what has been built up or is there any advantage to…
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Re-mortgage while on income support
I was hoping someone would know, or know where I could find out some facts/advice for the situation I'm in. I'd appreciate any input or anything that might help me work out what the score is really. I bought a house several years ago, solely in my name. I was easily able to pay my mortgage then. I am now a single mum,…
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Planning a future mortgage after DRO
Hello, I'm using my friends account as I'm not very good with computers or typing. I was also wanting some general financial advise with regards to Halifax and mortgages. Approximately 10 years ago, when I lost my job, I defaulted on my Halifax credit card and was given a Debt Relief Order which I voluntarily applied for…
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Need help
Currently own a house worth approx 160k, mortgage 100k (not a settlement figure it says?) with Halifax on svr. Had a mortgage since 2009 (ported 2012) never missed a payment or late. For various reasons we need to move. I posted before wondering if we should rent but we want to buy if possible, even with a sub prime…
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Loan and remortgaging
Hi I'm up for a mortgage renewal at the end of 2017. I'll be half way paying off a £6k loan with my current bank from then. I have no other loans (except student) and no credit cards/overdrafts and I will have some savings by then. Will it make a difference? I was told I'd only get a credit check if we look at changing…
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Will getting credit checked for car finance affect my mortgage?
Hi all, Just want to start by wishing everyone a very Merry Christmas! I've exchanged contracts for a new build property a few weeks ago which I'm over the moon with as it's my first property and I'm very much proud of getting myself on the ladder at a relatively young age, only issue is it's due for completion in March…
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Second home mortgage
Evening, Anybody happen to know which lenders have the best (read highest) LTV for second mortgages. Any other advice welcomed too. It's for a holiday home that only we will use.
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Re How far in advance you can lock in a deal to remortgage
Following Martins recent advice about locking in a mortgage deal in advance even if you are still within a fix period.... Martins email said when remortgaging you can lock in a deal upto 7 months in advance with some providers. Our provider, Yorkshire building society, was listed in the table as 6 months in advance.…
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Loan while remortgaging
Our mortgage is in my husband's name only as I've had credit issues in the past which i'm still paying off. He manages his money well and i think would be considered to have a good credit score. We are in the process of remortgaging with the transfer due to go through from Halifax to Bank of Ireland on 4th January. We are…
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Mortgage/LTV advice
We currently have a H@lifax mortgage fix until April 17 @2.89% We bought the house 4 years ago paid £130,000, outstanding balance is £123,000. House was a wreck, we've done substantial renovations, new bathrooms, electrics, heating then plastering and wooden floors/carpets throughout. Zoopla has the value at £170,000 but…
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moving house query
Hi currently live with my mum in a house and looking to move to a bungalow. Current house is worth 320k, in my mums name and is freehold. The potential bungalow is 350k... If we were to get a mortgage, would the new bungalow and mortgage have to be in my name? my mum is over 60 and doesn't earn much, whilst I am on 20k a…
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Occupier Deed Of Consent
I am buying a house in my own name. My wife and child (under 17) will be living with me in the property. My wife has been asked to compete an occupier deed of consent form and has been told that she needs to receive independent legal advice on the matter by a solicitor who will also wot was the form. I have two questions:…
