-
Interest only mortgage help
Hi, Please can anyone help. We have an interest only mortgage that is due to be settled in 10 years. We don't have the means to do this due to change in circumstances. Its in nearly 50% negative equity with a secured loan on it. The mortgage company have asked for confirmation of how we are going to settle this. We have 2…
-
temporary contract
Hello, I have already established that my new job (temp 12 month ) wont be taken into account in terms of how much we could borrow. Does anyone know if they would look at my income in terms of affordability at all? I am now earing £700 pm which we are currently adding to our savings and once we buy (fingers croossed) this…
-
Quick question re overpaying
Hi, I have a mortgage which is part £20,000 interest only & part £42,000 repayment. I would like to overpay a little when I can, this may only be £50 a month. I have 11 years 8 months left on the mortgage - not sure what % interest I am paying ( sorry useless I know, it's low, that much, I do know ) if it helps my payments…
-
Fixed rate mortgage exp Dec 17
Please can I have some advice . I am on a fixed rate mortgage and this was for 10 years and expires this Dec 2017. What's the best advice anyone can give me? I have heard that rates may be increasing so should I get out now and fix out onto a lower rate?? Halifax have told me I would need to pay a charge £2000 to get out…
-
Selling a house with 'free' solar panels installed
Hi, Back in 2010, we took advantage of an offer by a company called ISIS Solar to have free solar panels installed on our roof. It was the typical deal - we could use as much energy from the panels as possible, and the installers would get the payments from the feed-in-tariff. The lease period for our roof was 25 years, It…
-
Mortgage acceptance chances or should I wait longer.
Hey everyone, I'm after some advice and wondering if any of you lovely people can help. I'm new to all this so go easy on me! 🖒 My partner and I will be looking to apply for a mortgage in the next 6 months. We have a joint income of £55k and have managed to save £55k too over the past 6 years. We are looking to borrow…
-
Advice on transferring property ownership
Hello there, I am seeking advice about transferring ownership of a property, the house in which I wish to transfer ownership is owned by my mum, it is our only and primary residence, we both live there permanently. The house is fully owned and there is no mortgage, the value is estimated at £180,000. The reason I want to…
-
Remortgaging confusion
I am currently on a 2 year fixed deal with halifax which will end in April. I can remortgage with them but their deals are not the best, however my circumstances are a bit unusual so I'm not sure how other lenders will see it. Basically I'm married but the mortgage is in my sole name. I was married when I got the mortgage…
-
Fixed Term Coming to an End - Do I Pay-off Lump Sum or Remortgage?
My mortgage term is 2 years and 5 months but my fixed-term ends in 1 year and 5 months. It is a repayment mortgage. My interest rate is 3.29%. My outstanding balance is £17,531. I can overpay 10% per year without incurring any penalties (current cost of ERC is £900 but reduces by about £28 per month). I have savings in a…
-
How long before we could apply?
Had a really crappy year financially, we have two children and I've only been able to work part time around them so money has been extra tight and we've had a fair few missed/late payments to get us by. Anyway, I'm now back in full time work on a good salary again so hopefully our dream of owning a home might be more…
-
First time buyer - how to improve my credit
Hello I finally feel in a position to look to buy this year, after many year a of temporary contracts and relationship nightmares! Me and my partner have a combined salary of £34k. My partner is actually the director of his own company and therefore the majority of his wages come from dividends to minimise the tax he pays…
-
Ex wants profit from house
Please could anyone give me any advice? My ex-wife moved out of the marital home approximately 7 years ago when we separated and she didn’t want anything to do with the property as it was in negative equity by approximately £15,000, we attended mediation (unfortunately we didn’t get a consent order) and agreed that she had…
-
end of fixed rate, what to do next
Hi my 5 year fixed deal is coming to a end in the next few weeks. i have a couple of options. i'm currently on a 30 year mortgage with Santander, i'll be 60 when this is paid off. when i remortgage if i reduce the term to 20 years i will be paying the same as what i am now about £800 a month (57% ltv) which is perfectly…
-
Mortgage Calculator
I have a fixed rate mortgage which has 2 years to run. I want to calculate if I pay an early repayment fee and then take a 10 year fix, how long, if ever, it would take to claw the money back if interest jumped above the current 10 year fixed rate. If there a calculator where you have change the rate numerous times over 10…
-
Exchange Deposit
Hi, I recently posted after the valuation came back with a few recommendations. We have since found everything to be OK and the house was suitable for purchase. Today our mortgage offer was accepted and the documents are on the way to us but the solicitors have now sent out their contracts too. The issue I've got is, we…
-
Mortgage broker spelt name wrong on dip
Hi all We got a dip recently but my surname is spelt incorrectly. Has the credit search been done on someone that doesn't exist? I'm a bit confused! Thanks
-
Reposession letter from solicitors
Please can someone help me? I have some mortgage arrears (£1500) which I was paying back monthly. (The reason for the arrears is that I became ill and then Several months later, my husband broke his spine. Our mortgage was initially with another lender and we had ppi with that lender. They then sold our mortgage ( without…
-
Bank statements and PayPal deposits - First time buyer
Hello, I am currently applying for a property and has been agreed in principal. I have received the documents checklist that my mortgage adviser needs in order to draft/underwrite to the lender for approval. I have been asked to provide three months bank statements which is fine. The bank statements show my employment…
-
First time buyer
Me and my partner are looking at a mortgage. I currently have £7000 on credit cards and £3500 on a loan. The loan has 15 months left and I'm currently trying to pay the cards off. I earn £22,000. My partner earns £18,000 and has £1500 on a credit card. We both have no missed payments. Is there any chance of us getting a…
-
Remortgage Calculation Question
Hi there, So I have just gotten off the phone with my existing mortgage provider and they have given me the following remortgage deal: 5 year fixed No fee 2.79% £506.32 29 year mortgage Now I just looked on Santander as that is who I bank with and from their calculator they are offering me this deal: 5 year fixed £995 fee…
