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Nationwide £250 switch and fix incentive
Hello all, My annual mortgage statement arrived. I am 1 year into a 2yr tracker, no ERC with NWide @ 1.99% An advert within the envelope said switch to a new 2yr tracker, @ 1.79%, no ERC, and get £250. Seems too good to be true? Has anyone any experience with this?
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Remortgage & Valuation Confusion
I'm coming to the end of my 2 year fixed deal, and my bank sent me a letter regarding switching to various deals, a few questions came up that I hope people can help with. 1) Revaluation: The bank has carried out a desktop valuation from what I can see on the house which is substantially lower then the market value of the…
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Annual statement with fluctuating interest paid
Hello, sorry if this has been covered before but I can't find any information about this. So it's been one year on with my first mortgage. We have a 5 year fixed interest rate on a repayment mortgage. Over the last year, we have kept up with all the minimum required agreed payments on time. We have also paid 13k in…
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Nationwide BMR move?
Hi all I am currently on the BMR with nationwide paying 2.25% and our home is worth £180000 with a mortgage left of £91000 and we have 26 years left on it. My monthly payments are £408 but I try to overpay by £100 every month. Struggling to work out if we would save by moving mortgage have tried the calculator and its…
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NatWest Timescale
Hi FTB here 😊 Had an aip, Did our application 10days ago, Solicitors have said searches have began and have received draft contract from the vendors solicitors. The estate agent had said that a surveyor had called to do a valuation on the house. Although things seem to be progressing I still feel we are miles away from…
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Joint Buying with Poor credit
Hi Myself and my partner both had messy divorces, and subsequently our credit ratings got trashed. My partner was in an IVE settled May last year and im in a debt management plan with about three years left. Im don't want advice on clearing up my credit rating as this will happen as time goes by. We want to buy a house as…
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Endowment - 11/99-11/24 - Stick, twist or bust?
Hi, Against our better judgement we took out an endowment with CGU in Nov 99. It was projected to mature at £101000 to cover our interest only mortgage. It includes life, critical illness and something called premium protection. We've tried complaining about mis-selling but no success. We pay in £234 a month (£48,400 so…
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New build or older build
Hi, my girlfreind and I are looking to buy our first home but cant decide wether to go for a new build house or an older type. Looking for any suggestions based on your experience/opinion for some answers. Thanks
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Mortgage for those on DMP?
Stuck in a circle, tried looking and asking for help, and don't see a real way out. Any information will help. Currently renting our home, as a mortgage cannot be found. Also currently on a DMP with Stepchange. Paying what I can, but still forecast to be paying debts on DMP for another 10 years approx. Can we get a…
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5x salary - am i being realistic?
Hello, I'm trying to 'prepare' before applying for a mortgage and wonder if anyone could give me any advice as to whether i'm being realistic in what i hope to borrow, and point me in the direction of which lenders might be best to talk to. I am looking to get a mortgage in my name only as my husband has some bad credit…
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Where to save
Hi, my wife and I have just got back £29k as one of our mortgage plans has matured. We want to put this away in the best way for 6 months until our next plan matures, then pay the mortgage off. Any suggestions?
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CIS subcontractor mortgage
Hello ;) This is my first thread so please excuse me if I don't get it right yet. We have received our mortgage offer from Halifax based on my husband being Construction industry scheme subcontractor, affordability assessed using his latest invoices instead of SA302. He has been subcontracting and paid through the same…
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Large deposit, poor credit history
Hi All, My wife and I wish to sell and move to a larger property. Last April my father died and my subsequent inheritance allowed me to clear our debts ( still have 6k mortgage). We also have around 45k left over in savings. Prior to my fathers death we were in a DMP since about 2010 and had total debts of around 70k at…
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Nationwide going back on their word about ERC - Please help
Hi everyone, We are quite stressed about a situation with Nationwide. I will try and break it down as best as possible and hope you can advise. My fiance has a shared ownership flat. I also have a shared ownership flat. As we bought them before we met and now are living together we decided to sell his flat and use the…
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After retirement mortgage
I am 64 and own my home now mortgage free. I would like to buy a property which selling this property will not cover what are my best options? I am retired and living on my pensions only.
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Mortgage Questions
Hello, I am hoping to buy my own home in the next two years, I am currently saving for a deposit. I have a few questions about my eligibility. I am 37 years old, I have a long history of mental health issues and last year was convicted of drink driving. I am not asking for sympathy, yes I know drink drivers are the scum of…
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When to ask for additional borrowing?
We are just about to go out to tender for major building works on our house. We estimate that this will cost in the region of £250k (yes this includes contingency etc). We have approx £200k in cash however will need to borrow additional on the mortgage to finish the project off. My credit score is perfect, I am well under…
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Right to Buy Additional Borrowing
Hi, I'm looking for some advice please. In October 2014 my husband and I purchased our home under the Preserved Right to Buy. Now, 2.5 years in we are looking to complete essential home improvements to increase the size of the house, by way of a single story extension. I have contacted the Housing Association whom we…
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Looking for a FTB mortgage of £95k - Is it worth using a mortgage broker?
Hi all, I'm looking to get a FTB mortgage with my LTV at around 63%. (House cost £150K - deposit £55K). Is it worth using a broker? And if so, how much can I expect the fees to be? Is it even worth it or should I just use comparison websites? I know from looking previously that some brokers will charge fees on mortgages…
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Do Mortgage lenders check your Paypal account?
First post here - hello! :money: I'm looking to apply for a mortgage this year - I'm a first time buyer, and will be looking to hopefully buy a house with a couple of rooms I can rent out to help with the mortgage repayments. The LTV ratio will probably be around 80-90%. My question is this... Will lenders/underwriters…
