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Ditch the Fix?
Hello fellow moneysavers! Just need your suggestions on something. I have a 250k mortgage with a 50% LTV. It's currently into the third year of a 5 year fix at 4.15% ending in June 2018. The early settlement fee is 5% of the outstanding balance. Martin Lewis and this site have continuously been espousing the imminent end…
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Can this be done?
I currently own 30% share in a shared ownership property. I have just accepted the new deal for 2 years and my current deal ends in March 2017. So my new deal will end in March 2019. I wanted to buy 20% more share taking my share to 50% but decided not to for now. I'm thinking maybe do this in 2019 but if I want to…
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Mortgage for 48 yo
Hello, My wife and I would like to apply for a 25-year mortgage to buy a home in London for around £600K (first time buyers), but I'm 48 and she's 47, We've been living in the UK for 12 years, and our plan for after retirement is to sell the property, pay the mortgage and go back to our country of origin. We both are…
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Mortgage chances with a relocation
In an attempt to cut a long story short, my boyfriend and I have decided to buy a house together with a planned move around July this year. Credit scores aside (his excellent, mine stable but building having been overseas a long time, not because I have anything bad on file), the one thing I am concerned about is that I…
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Mortgage calculators
Hi all, I've just been looking at various different lenders mortgage calculators to get an idea of how much we could borrow, i entered the exact same details in to all of the calculators and here's what came back as the maximum amount they would lend: Yorkshire Building Society £168,312 Co-Op £168,312 Yorkshire Bank…
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Dependants
I don't want to mislead anyone - especially when it comes to mortgages - so i am hoping for advice. I have no kids, but live with my girlfriend and she has a toddler with her ex partner. The ex pays maintenance towards the toddler, and my partner works and pays money towards the bills in their shared custody. When applying…
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Mortgage Network Advice
Hello all, I am looking for a mortgage network who takes new starters. The only one I have found is " New Leaf" and there fee's are reasonable but the only downside is that they are based quite far away and to go for the training. Can anyone recomend a network that takes on new starters ( without experience but has leads),…
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Negative Equity on an Interest Free Mortgage
Hello, This feels like an ongoing weight around my neck. I bought a property, new build in 2007 on an interest only mortgage, which I didnt have any concerns about as the market was great, then it crashed. I then changed jobs, got divorced and as this was draining me financially and hadnt sold after 18 months on the market…
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Lodger - can a mortgage lender say no?
Hi all Just wondered if anyone had experience of approaching their mortgage lender to inform them of their intention to get a lodger? Has anyone have their mortgage lender so no go? Thanks :)
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What to do for the best?
Hello - hoping for some thoughts on my situation as maths has never been my strong point and its been a long time since I dabbled my toes in the mortgage market. Its partly a mortgage query/house buying one so not sure if Im in the right forum. I am currently on a tracker mortgage with Barclays, 12 years left, Approx £76k…
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Benefit in kind
Hi Hope can help. I have a mortgage with Santander at 0.25% above base rate of Bank of England. So paying 0.50%. I'm currently on maternity leave and my satutuarty money runs out in June. I have been weighing my options up whether to go back to work due to my mortgage rate. I called work and have said that my rate will…
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looking for mortgage expert
has anybody heard from Dave Ham... he seemed very good at helping people but i haven't seen any recent activity from him... i think his firm was called mortgages and endowments... everybody raved about the help he gave... failing this, who do people recommend for managing to get the impossible done , in helping folk get a…
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Mortgage and Home with Ex, But Can I Get New Mortgage And Move On?
In trying to do the right thing for my children many years ago I have put myself in a tough position for ever owning a home in my retirement. I earn a good wage and have a mortgage with around £90k remaining on a home worth around £300k. I've extended the mortgage as long as possible to get the monthly payments down as low…
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help please
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Please advise on loan/mortgage situation
Hi all, I have the paperwork in front of me for an offer of £100k additional loan against our Santander mortgage. This is for much needed home improvements. We have until May 2017 to take up the offer. It will be on the SVR at 3.49% - however, if I take it up now, I can consolidate it with the renewal of our existing…
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Barclays low(ish) cost tracker
Not sure how long they have had this it was not there last time I looked well before Xmas, it's on the 23rd Dec rate updates. A low cost 2y+lifetime tracker at lower than SVR(3.74%) 2 Year Tracker 1.39% (BBBR + 1.14%) variable for 2 years 2.24% (BBBR + 1.99%) variable for the remaining term 60% (max) of the value of your…
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Mortgage/secured loan and no job
Bit of a weird one I guess and one I probably know the answer to but worth an ask! I am a stay at home mum with a minimal income of £285 a month. I own our house outright and it is solely in my name. We are looking to get some work done on the house and would be looking to take either a secured loan or mortgage of about…
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Mortgage vs Loan
I'm self employed (Ltd Co.) meaning I'd need a contractor mortgage which tend to have slightly higher rates than ordinary mortgages. Selling my home for £150,000, hoping to buy for £160,000, mortgage left to pay £20,000. The question being is it worth getting a low rate loan rather than a mortgage? Thanks Nick
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getting a mortgage
Hello all, My partner and I (along with our 9 month old) are looking at buy a house but I recently discovered a CCJ in my credit file so I doubt I'd be able to get a mortgage so we're looking to buy in his name only. We live in a small town so don't earn mega-bucks he's on around £20,000 a year. we've seen a house that we…
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Part & part Mortgage Repayment
Hi All My mortgage is an offset part & part (Interest Only & Repayment)... offset against my other accounts. I will get some money in the near future which I was planning to use to pay of some of my mortage off. Should I pay off the Interest Only component first or should I pay of the repayment part first assuming the…
