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New Mortgage - Overpayment Help
Hi So we just bought our first house end of last year. I want to start overpaying, but after speaking with Santander, im a bit confused. After the calculator on here, i assumed i knew what id save roughly, over how long etc. But Santander need me to choose if i want to reduce the monthly payment, or reduce the term. I…
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Can this be done?
I've just taken my mortgage out with kensington, no problem what so ever for the last 2 months. Wondering, if we find a cheaper house in 2 years when our fix rate deal ends and the value of our house is aprox £20k more (190,000) and we find a house which is £150,000 would that mean i'd be mortgage free within the two years…
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Help - new online SA302 only showing Taxable Profit, not Net Profit...
My wife and I are both self employed and looking at finding our first mortgage. We've done various affordability checks and been given two separate decisions in principle from different places. Great so far. Both the mortgage brokers we've spoken to (and Nationwide who we spoke to directly) have told us to give our income…
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What's my options, knowledgeable peeps?
Hi all, I've spotted a very cute little studio flat that I'm interested in buying. The problem is, it's £25,000. My bank want 5% deposit, this is no problem...but the lowest they will give a mortgage for is £25,000 and the deposit drops it below that! What are the options here? TIA HBS x
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Help to buy ISA question
Probably a dumb one. Basically we have most our deposit in HTB isa's and keep putting in the max to get our entire deposit in the them so that we will get as much gov bonus as possible. On the 1st feb we will have our entire deposit in the isa. We're not sure when we will be told by our solicitor to close them so if…
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Mortgage and bare trusts
Hi everyone, I have a question about investing money from a bare trust into a mortgage. My partner is trustee of a bare trust for our son. The trustees wish to invest some of the funds from the trust into the property we live in and give him a 10% stake in the property. So for example, property worth £500k. Current…
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Help to buy ISA is a bit silly
Just learned this fact and wanted to rant a bit really. I opened a htbi recently as me and my partner hope to save for a deposit. We think over 3 years we should just about get enough together for a 10% deposit in our area and the 25% bump from the htbi was to be a big component in this. I've recently read on the help to…
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Advice
Hi I am planning to take a mortgage out with my sister to buy a property. The sole purpose in involving my sister is that I will not get enough mortgage. Although we both are first time buyers and live with family, I am hoping to rent the property so the mortgage is paid. Living at home I am hoping to save up and…
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Joint mortgage issue
I own a property on a joint mortgage with my Brother. I know that if one of us dies first the liability for the mortgage passes to the survivor and the equity in the property of the deceased passes in accordance to their will. Which means that his share will pass to his partner but the mortgage will become my sole…
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Mortgage credit score
Hello, Myself and partner Rob have recently bought a newbuild property after having had our mortgage through Nationwide. I gave just checked my credit score and it appears lower now because we've had a mortgage. I would understand if we'd have missed a payment but we never have. It is extremely annoying! Anyone else had…
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Product Transfer advice wanted
Hi everyone, I have 13 months left on my current 5 year fixed mortgage deal at 3.79%. Following Martin's advice on his TV programme earlier this week I have inquired about transferring the mortgage to a new 5 year fixed rate of 2.49% with my current lender to save money. I have spoken to the lender and they have said there…
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1st time buyers together but already have mortgage
Hi, Me and my partner are looking to purchase our first home together. My partner is a complete first time buyer however I purchased a property with my mother about 10 years ago. I moved out about 5 years ago and have not paid anything towards the mortgage since, it is paid for fully by my mother and her partner. We have…
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Mortgage and break up question
Good morning, myself and my Girlfriend moved into our house in February 2016 (Sale was completed on 29 January 2016). We have now split up and I want to keep the house and she has signed the forms to confirm that she is happy to be removed from the Mortgage. However, she requested £5k as her settlement. I have issues with…
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Interest only Mortgage - Urgent help needed...
Hi, I'll try to keep this short as possible. My mum received a letter from Bank of Ireland regarding her Interest Only Mortgage. She and my step-dad took it out in 1991 but he left her around 15 years ago (they are still married). She was paying it until a few years ago when she became ill so I moved back home and took…
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2nd property mortgage advice!!
Hi all, Myself and my partner need some clarification regarding the legality and potential pitfalls of applying for certain types of mortgages, I will explain as follows: I own my house, the mortgage is in my name, I pay it in full along with all the bills etc. My girlfriend, Whom moved in with me 6 months ago, also owns…
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Is halifax-intermediaries.co.uk only for mortgage brokers?
Hi all, Is halifax-intermediaries.co.uk only for mortgage brokers? It says "FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY" on top the website page. Does that mean if I found a good rate or mortgage option from there as a normal person or existing Halifax customer I can't have it?
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RBS customer biting back
I have been fighting problems with the Royal Bank of Scotland and my Mortgage for several years, ranging from being sent threatening letters every month despite being in credit. Taking double the amount they were supposed to with no notification when I have called I have been told they need to transfer me to the…
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Nationwide mortgage declined
Hi, I was just wondering if anyone else has had the same problem as me: I have a joint mortgage with my now ex. I wanted to take on the mortgage myself, but the bank told me I had to pay off a big chunk of it first to meet the affordability criteria, which would reduce the monthly payment from £475 to £318. I found enough…
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Buyout figure and agrrement
Hi, I will make this short and hopefully simple enough. Me and my ex girlfriend have split and have come up with a figure i will be paid (from her parents) for me to leave the house and all jointly owned furniture and goods etc. She has been through all the paperwork with solicitors to have the mortgage in her name only…
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DIP passed, application now with Underwriter Halifax
Hi all We had a DIP done yesterday and got accepted for more than we need to lend. Full application submitted today and its gone to an underwriter. Does this mean we have failed the credit check? We do have a bit of adverse credit from last year, but cleared in full a few months ago. It is registered to our current…
