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Confused about saving accounts for mortgages
My bank is decreasing its interest on my savings account to 0.01%. I am currently saving up for a deposit for a mortgage and I am getting really confused on what kind of saving account I should apply for. I have read about ISA's but have also been told that anything to do with the government is unreliable. For saving up,…
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Shared Equity via key worker scheme - can I remortgage to a new lender
Hi I would really appreciate some advice. I am looking to remortgage now that my ten year fixed term is coming to an end in March. The issue is that I took out a Key Worker Equity scheme with Moat Housing as I work in the public sector. I would like to get a better mortgage rate. Does anyone know names of lenders who would…
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Remortgage after debt secured against my house?
I have a situation – it involves a shady IFA, my own greed and a problem I have ignored now for 6 years. I’m hoping that you guys might be able to point me in the right direction! I bought our family home some 13 years ago and remortgaged after 5 years - so I'm a good 8 years into my current interest only deal and still…
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Any hope?
I've had a thorough browse through my credit report and here goes: Currently: Mortgage of 4 years with Halifax, no late payments or missed payments ever. Previously mortgage with Halifax for 3 years, no late payments or missed payments ever (this was the one we ported hence same lender) Debt currently: 23,000 of which some…
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New mortgage + get out fees advice needed please
Hi My daughter is in a bit of a mess, and I'm not much help, though I'm trying! She has a joint mortgage with her now ex-partner, who decided to leave her two weeks before Christmas. It is a permanent situation and he will not be returning to the home. She can manage to pay the mortgage herself, and realises that he will…
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remortgage early?
Hi all I have mortgage with halifax at 1.79% and ends in August. My remaining mortgage is 266,541.38 took out £281000 Current house value is £480,000 Monthly payments of £1200 I have 23 years remaining but once i remortgage i wanted to drop it down to like 16 years or so, so i pay off £1400 a month. My question is, i am…
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Sneaky Hidden Nationwide Mortgage Charge
Hope someone has some advice on this or can shed some light. I've applied for a mortgage with Nationwide. All was going fine - AiP was sorted and I was nearing the end of the application. I then got stuck when asked for my Solicitor's details - they weren't on the list I needed to pick from. Following an online chat and 40…
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Mortgage with DMP - any success?
Hi, I am after some educated views/advice around a DMP and getting a mortgage. I have had a mortgage for over 13 years but unfortunately also a DMP for 8 years ☹️ As my DMP has been in place for this amount of time my Credit file is actually very good and completely free from anything including defaults, arrears, and any…
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Cornish unit Mortgage advice
Hi I live in a Cornish unit which is semidetached and whilst I have a mortgage on my property as it has had the work done to make it mortgageable my neighbour has not. I bought the house in 2005 and got a mortgage at the time no problems. I am now selling the property. Which lenders will lend
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Advice Needed!- Starting as a mortage advisor
Some background info on me, 40yrs have ran my own cafe and sandwich bar for 20yrs but I have hit a brick wall. I regularly do 12hrs a day, 6 days a week. I need a change and a better quality of family life. 20yrs ago after uni I started on the banking path but got sidetracked. I have recently passed my cemap and have been…
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DB Mortgages to Elderbridge - Am I still in a court order?
Good morning In 2014 I was placed on a suspended possession order due to arrears of my mortgage. The mortgage company was DB Mortgages. Since the order I have been paying an extra £125 per month and I have never missed a payment and kept to the order. I only have about 10 more payments until I have paid these arrears off…
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Buying out a fixed term
Mu mortgage is a fixed term but looking around i get get alot better deal but looking at my mortgage paper work it will cost me 3% of the ltv to buy out of the fixed rate.maybe a stupid question but if i paid the money to come put of the fixed term does that come off the mortgage or would i be just giving the bank a big…
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Stamp Duty when purchasing from family
I am purchasing a property (will become an additional property for me) from my father. Property is currently rented to tenants. The property is worth £390k and I have raised a BTL mortgage for around £265k where the lender has allowed the difference in equity to be gifted to me during the transaction thereby serving as the…
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Commercial Mortgage Retail Shop
Is it possible to get a very small commercial mortgage on a retail shop? It's freehold, cost price was £30k with approx £5k spent on a refurb. Currently let out at £350 per month and is owned via an SPV Ltd company. Would be interested whether any capital can be released through a commercial mortgage as it is currently…
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Help please
Any idea how many times salary mortgage is worked out on when making a joint application (with family member) please? Does having a larger deposit mean that you can be offered a larger mortgage? Just to add, will it go against me that I'm nearly 50?
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confused
I'm a first time buyer and will be applying for the mortage now at the end of the month, however i'm confused in what will be the best way to operate my finances. I currently have £2,900 on my credit card and £550 to pay of a phone from October. I have no missed payments or ccj's and my credit score is at poor. I have…
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100% mortgage
My husband and I currently rent with our three dependents. We can afford a mortgage of approx £370k but the deposit is what is stopping us from being able to go ahead. I'm guessing we can't be considered as FTB because he owned our previous home - I've never owned. I've seen there are some places that offer 95% and even…
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Loan to value
I bought my house last year and it was down valued by almost 50k this meant we had to include more deposit to bring the loan to value down to a reasonable level , feel cheated as we have not got the correct LTV interest rate on out fixed mortgage for 2 yrs couldn't apply for another mortgage otherwise we could have lost…
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putting second house in joint names.
We have a rental property that is in my wife's name, we would prefer it to be in joint names. What are the costs involved and would we have to pay 3% stamp duty to change it to both names? Thanks.
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Help To Buy Equity Loan
I've had an agreement in principle from my mortgage adviser stating I can afford the home me and my partner like which is priced at £148,500. However, I'm not 100% sure the mortgage adviser is correct with her assessment as a friend has put doubts in my head and I'm worried that I may be getting my hopes up to fast. Me and…
