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Mortgage application + End of Mortgage Guarantee
Hi all Apologies if this has been answered elsewhere. I'm about to apply (I have an AiP) for a Mortgage Guarantee. However what's the likelyhood of getting this in before the 31st December when the mortgage guarantee is due to end? If I get it before 31st December, will it be valid after whilst I am looking for a property?…
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Mortgage Refusal
Hi all First time poster, so please be gentle! We're currently in the process of applying for a new mortgage and have cut it down to three lenders - Coventry, Barclays, HSBC, with TSB (our current lender) as a back up. We were initially turned down by TSB, but this was due (at least in part) to the fact that there were…
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What is likely going to happen to mortgage rates and why?
Good morning I'm 33yo, first time property owner. My 2yr fix is ending April with The Nationwide. It is 3-something per cent, and I pay nearly £400 on about 80k mortgage. Mr Lewis was on BBC Radio 2 Chris Evans show at around 815am on Thursday, saying low rates will go. So, what in the economy causes this fluctuations? He…
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paying off mortgage
I'm wanting to pay off my mortgage as quickly as possible, and currently I'm overpaying by 50%. I could afford to overpay by 100%. For ease of calculation, lets say the actual mortgage is £1000 per month. The mortgage has 14 years left to run. If I start to overpay by 100%, making my monthly payments £2000, am I right in…
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barclays family springboard mortgage what is maximum !oan
We should like to help our son get onto the housing ladder with his family. He has a good job but the problem is he works in London where the house prices for even modest homes are out of sight. We read recently about Barclays Family Springboard mortgsges which seemed promising especially as we are long term Barclays…
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Help to buy overpayments
I have a help to buy mortgage with Halifax and want to make overpayments. I've heard Halifax do not charge any fees for doing this if overpayments are within 10% of the balance but I can't find any reference to this in my illustration, is it something only that applies to normal mortgages?
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Scottish Widows
I am trying to surrender my endowment with Scottish Widows,it is a necessity as my partner and me are separating.I wrote to them and they told me to put it in writing and make sure it was signed and bank details were provided.However 2 weeks later i have heard nothing back.Is this normal? i have emailed twice, tried…
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Mortgage Market Review
Hello, We are planning on moving house (selling existing property and increasing mortgage amount) in the new year. Beginning to prepare for the new mortgage process which has changed since I last had to apply - how many months bank statements are required by the banks typically - is it 3 or 6 months? Also anyone with…
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Proof of Residence
Hello all, I'm applying for a mortgage and the documents I need to provide include a Proof of ID and a Proof of residence. For the proof of ID, I will be using my British passport. However, for the proof of residence, I was planning to use my driver's license, which has my permanent Dorset address on. The Dorset address is…
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2nd applicant on mtg with temporary contract?
Iv just managed to get my self the perfect part time job to begin at a school in the new year.:j This position is temporary to cover maternity leave. We would like to save enough by the summer and the income from this job will 100% be going towards the house deposit. I am fairly confident that this will become permanant…
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Mortgage with a child.
Hi Everyone Its been a while since I last posted anything but I was onwdering if anyone can adivse on the situation below(it wont happen for another 18 months but I like to stay ahead of the game) My Salary in 18 months will be= £33k O/S Mortgage = £120k House Value = £175k I live with my GF and we are expecting our first…
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Getting a UK mortgage when Working Abroad
Hi everyone, I wonder if anyone would be able to offer any advice to me on my current mortgage predicament. My sister and I are looking to buy our first property together, we were 4 months into a purchase with mortgage sorted, surveys done etc when the vendor pulled out unexpectedly. We were understandably devastated as a…
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Re-mortgage - reset to 25 years?
After divorcing, I bought a new place and took on a mortgage 2 years ago, with a 25 year term (I'm 45 now). As my fixed rate is ending in Jan, I'm using the same lender to get a new fixed rate deal. I've found the deal I want, but just wondered if it makes more sense to continue with 23 years or reset to 25? The difference…
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Tracker
Hi, I am on a base rate tracker which is at the moment 0.25, With the mortgage and the base rate tracker its 1.49, I was thinking of changing it to a 7 year fixed rate, At the moment we are paying £440.00 each month and if we was to fix it for 7 years this will jump up to £495.00 each month, ANY ADVICE IS WELCOME regards…
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Mortgage advice, what happens next?
Hi all, got my first mortgage for my first home around 6 months ago, Everything is fine but I keep hearing people say its going to go up after my term etc etc... not worried just yet, I am managing but can anyone give me simple advice as to what happens next after the 2 year term is up. Please see my mortgage details…
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Stamp duty on remortgage buy to let
Hi I have a residential property and a buy to let property. Now they are both coming to an end or a mortgage deal and if I remortgage those property with affecting the title deed names, will there be any higher stamp duty charge for second home that I need to pay?
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Mortgage advice
Hi all 1st post! We have a £165000 mortgage left. It is split between two mortgages - one is £100000 and is base rate tracker that we brought on house move (2.25%). The second mortgage is £65000 and is on a fixed (4.69%). Both with nationwide. The tracker is available to remortgage now. The other is finishing 4year fixed…
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HTB equity loan ATE - completion time lines
Hi all, Looking for some advice if possible please. We are meant to be exchanging tomorrow with completion set for next Thursday on our sale and purchase. However we are using the HTB equity loan and on Tuesday whilst HTB were about to issue the authority to exchange they noticed the mortgage term on one of the forms was…
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Lost £6500 buying with "Modern Auction Method"
Hi This is my first post, so hopefully in the correct section. Just looking for some advice please. I purchased a house through the new modern auction method. I understand it is totally set up not in the buyers favour, however we had the funds and were ready to complete within 12 days of exchanging, well in timescale to…
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buying out husband
hi I'm currently mid divorce and self employed and vat registered i need to buy my husband out of current mortgage and then take on balance Am I a first time buyer as in my own name or re mortgaging when looking at what I can afford its been implied to me that the lender will use the last 3 tax years SA30 and then give me…
