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Is 42 too old for a mrtgage?
I am worried that I may never be able to own my own place. I've just turned 42 and I am single and have only rented property. From what I understand mortgages tend to be 25 years which will mean mine wouldn't be paid until I was 67. That is assuming I can even get one. Is there any point saving for a deposit or am I doomed…
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Can I extend a fixed rate mortgage?
I currently have a mortgage with nationwide which is fixed, am I able to extend the term of my mortgage to reduce payments each month? THanks Shaun
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Remortgage advice
Hi, Can anybody advise me, I currently have £95K on my mortgage left to pay. I usually buy a fixed mortgage over 2 years but pay a higher rate, my current monthly rate is £865 but is due to end shortly with 10 years left to pay. Question, my husband thinks we should lock in for 7 yrs because of the volatility of the base…
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Over-payment - mortgage peck
Hi all - on reading some of the mortgage free wannabees they use the payment a day - peck peck peck method for chipping a bit of your mortgage. Every night they clear the last two, three or four digits on the mortgage account to the a zero. You can choose to do this to pence, pounds or hundreds - depending on your…
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Do estate agents have to tell new clients of under valuation?
Hello. I wonder if someone could help? I'll keep it brief: Some bid in the house and their mortgage company devalued the house by 15k and so he can't afford that. Next he has gone to NatWest who will give him his 5% deposit mortgage but 'Their policy is he has to wait 3 months to apply'. The estate agent has said they have…
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Help to buy ISA bonus
Good evening all, Me and my partner are looking at cashing in our help to buy isa soon on a property...has anyone used the help to buy ISA to pay for stamp duty and legal fees rather than it being put towards the property purchase? We want to put a 10% deposit down so to simplify the maths say the property is £200000 and…
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Fixed mortgage ends, what to go for now?
Hi, I don't expect anyone to have the answer but some advise would be gratefully received. My 2 year fixed mortgage at 475 a month ends on the 31st march. I am willing to stay with Barclays but unsure about what fixed rate to take now with Brexit and Trump uncertainty. Barclays have offered 5 years at £460, 3 years at £440…
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New car before applying for mortgage
Hi wondering if someone could offer some advice. We are about to move house (just waiting to sell) My current car is on a lease scheme from work and ends in Feb so I need a new one.... I don't really want to spend any of our savings as it will be going towards the deposit. Looking to get a loan from the bank...APR 2.9% we…
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Undervaluation
We put our house on the market six weeks ago and "sold it" to a young couple within days. We live on the edge of a private estate looking out over fields in the Peak District. Our house is only one of five in our road of this kind and none have been sold in years (except ours which we bought two and a half years ago and…
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Default on file and poor credit when applying for a mortgage?
Hello all. I hope someone can help me. We are looking at buying our first home and have kindly been gifted a deposit which will be 10% of the house value. The issue we have is that in the back end of 2014 my other half lost his job and following advice from stepchange we reduced our monthly payment which the bank and card…
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How certain is having a DIP?
Had a decision in principle done for me today and was accepted by NatWest. Is this a good indicator for being accepted for a mortgage? My broker doesn't seem to have any concerns but just wondered how rare it is to get a DIP then be rejected for the mortgage?
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Credit card before completion
Probably a silly question, but is it a bad idea to use my credit card for a fairly large bill before completion? I've got my mortgage offer, but want to avoid any last minute hitches e.g. last minute credit check and noting changed circumstances. My credit card balance is currently zero and cleared every month, and I'd be…
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Electrical report requested by valuer
Afternoon, Applied for a mortage with the woolwich the week before Christmas, the valuation was instructed a few days later. The valuer requested a electrical safety report, The property is a 1970s and pretty much original. I organised a electrical company to carry out report and this has come back as unsatisfactory. They…
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No longer needed
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Valuation when just changing product
Sorry. I have googled this and called our mortgage lender but the answers seem vague. I wondered if anyone knew if you could get a new valuation when simply switching mortgage product with the same provider, not remortgaging? We think that we might have got a bargain when we bought our house a year ago. We bought it in a…
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Mortgage with a default
Hi, Hoping for a bit of knowledge/advice! My partner and I are looking to buy a house, value : £450k He applied for a mortgage for £220k and this was accepted (/approved) in principle. I am putting up the remainder of the value of the property in cash (so >50% deposit). But... I have a default on my credit rating (value…
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Remortgaging to BTL, but can I let to a family member?
hey everyone i currently live with my husband and his mother in 3 bedroom flat in London. Background: 4 years ago we purchased this property (resi mortgage) from my mother in law as she came to the end of her interest-only and was unable to remortgage due to her age. Lender let us purchase from her at discount and allowed…
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Santander remortgage with 123 account
Hi, I have a £205,000 mortgage with Santander, paying around £780 a month. I also have a Santander 123 account so get £7.80 cashback per month on this payment. I am due to remortgage in March so starting to browse other providers, but am not sure how valuable the 123 cashback deal is in real terms. If my interest rate with…
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First time mortgage help
Hi, My partner and I are looking at purchasing our first house - we currently rent. We've seen a house that we like and have an appointment with a mortgage broker through my partners work. My partner has no problems with his past credit record. However, I did have some problems with mine. Back in 2008 I had a few defaults,…
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Age concern
Hi, my girlfriend (38) and I (just turned 44) are looking to buy a house in about a year. We have no kids tho hope to have one sooner rather than later. We're in the fortunate position to hope to have approx £100k saved for a deposit and plan to put this towards somewhere priced around £380k (approx current value).…
