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Can I save by remortgaging?
I am sure this is a really simple question to answer, but I am really no good with figures so looking for clarification. I have always assumed that I had a great mortgage deal (for 13 years!), so despite rates dropping I never considered changing. Just wondered if I am right to stick. Current terms (12 years remaining)…
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Btl mortgage which is best?
Both two year fixed interest only deals with a loan of £126k one with a product fee £1995 and interest rate 2.54% so £127995 total £270 a month other no fee but interest rate 3.78% = £126000 = £397 a month
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Noddle and credit expert
Anyone able to tell me why there would be a difference in score? Always used credit expert and score is almost 800-fair however signed up to noddle tonight and score is 520 -poor. Unsure why this is such a big difference. Credit expert last updated 10/01/2017 and naturally there's no update yet for noddle. I know that…
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What is the minimum % deposit I need for a second property?
> I will not be renting this property out. > It will be my second home. I have heard 25% deposit being banded around as a minimum but this feels like quite a lot. So percentage wise what is the minimum deposit I need? Let's say I wanted to buy a property no more than £200,000 in theory I need £50,000 deposit at 25%. But it…
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Mortgage Application
Hello all, we are about to submit our mortgage application to buy our first property. We have all the documents requested but have just realised that we need our P60'S. What I am wondering is the last p60 we have is for last April so in effect from 2015 to 2016. since then our wages ( with the same employer ) have…
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Remortgage advice
Hi all Please accept my apologises, if this type of question has been asked before. I'm new to site I'm currently in a fixed rate mortgage with lloyds till 2109 on a 2.64% deal Not to sure if there's a early exit fee, on my current deal (will look through my docs when I get chance) was hoping if I can appply to a new…
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Remortgaging - lender advise needed
Hello, My first post, so please go easy on me. :) For years we've buried our heads in the sand regarding our finances. But we're living miserably just scrapping through. We've not missed any repayments and I've this week checked our credit scores which appear to be very good. The sums suggest that mortgaging would not only…
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FTB mortgage help!
Buying my first property - put a reservation on a new build house last week. Using help to buy so need a 118k mortgage I'm going through the builder recommended mortgage broker and they have put my earnings (40k) credit card/store card debts (12.8k) and hire purchase payments (445 monthly) through NatWest affordability…
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How much can I afford?
Hello, Its coming up to 3 years we've been in our first ever house. Im trying to very roughly work out the sort of value of a house we can afford should we buy a different house. We bought our house for £175000 and its now worth round about £220000. In total our salaries have increased by total £21000 in the same period.…
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Will we ever buy a house?
My partner is self employed. I am employed with a debt relief order over my head that came into effect last August. We are currently renting and are not able to save at the same time, especially as we have a young child. The hope is that the capital from my partner's business will be used to give us the deposit we need to…
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And finally...
Out ten year fixed finished next month 4.98% drops to a lifetime tracker 0.9% above BOE base so now at 1.2% quite a change. I have a 0% CC with £6k on it that I have been smashing through happily £250 per month to clear by the time the deal ends, now my drop in mortgage frees up another £200. House value £250k mortgage…
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Helping my in-laws - equity release?
My in-laws have asked me to help them remortgage and I thought it would be quick and easy but I’m a bit stuck. Could anyone help, please? The property value is approx. £320k. My in-laws have a two-part mortgage on the property: - The first part is the capital repayment mortgage, balance £28k. The current interest rate is…
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Remortgage - possibly with Nationwide
My 4.19% 5 year fix runs out in May so I realise I am slightly early but I was just after some views... My house is worth £100k and my current balance is £50,909.07. I pay a fixed monthly payment of £600 a month - which is around £85 in over payment. I've always paid this amount, so I know I can comfortably afford it going…
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Loan or Additional Mortgage Borrowing
Hi all, apologies for submitting a duplicate thread, I originally posted this in the loans section, but I am not sure if any of the mortgage experts frequent there and didn't want to miss their opinion. I am in the process of having a large extension done. I always knew there would be a shortfall to finish off the interior…
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Advice required remortgage
Hello and thanks for reading, I recently came out of my current mortgage deal so I contacted my usual broker for him to find me a new one and he came up trumps with a good TSB deal, when they started the valuation process they found out the my partner was running a small business from our property and refused to deal with…
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Mortgage help for bankrupts
Hi all, I am currently looking to buy a new property with my partner. Although we have a reasonable amount of equity in our current property she is currently bankrupt (discharged Nov 14) so that is obviously far from ideal in the mortgage world. Unfortunately we are about £20000 short of the money we would need to purchase…
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Avoiding early repayment when remortgaging
Do banks always charge the early repayment fee if remortgaging with them before a fix is up? In my case I am 4 years in to a 5 year fix and would wish to fix for another 5 years at today's lower rate. The early repayment fee is £5,400 on my first direct mortgage. Would I have much success is trying to get them to waive it…
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Birmingham Midshires complaint
Has anyone complained to BM re their removal of residential mortgages therefore leaving you stuck on their SVR ? Is there a template letter for this type of complaint? TIA
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Lifetime trackers
It looks like HSBC have jacked up their lifetime tracker rates. The best they offer now (according to their website and at 60% LTV) appears to be BoE base rate + 1.84% (giving a current pay rate of 2.09%). I remortgaged to HSBC to their lifetime tracker just before Xmas and got base rate + 1.49% (giving a current pay rate…
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Advice needed: partially built house, new purchase
Hi guys, I am hoping you can help me out here. We have recently been successful in being the highest bidder for a house that has been built to roof level. The house has been built to roof level but the roof was never tilled and the builder ran into financial difficultly 4 years ago and the house has lay in this condition.…
