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Re-mortgage fixed or tracker?
Afternoon! Feeling very confused about what to do. Our 5 year fixed rate ends in June. We can remortgage early with our current lender, Nationwide. I don't know whether to get a tracker or fixed and if fixed, how long for. We got a 5 year fixed last time at 4.89% but since interest rates went down, it wasn't the best…
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Residential mortgage query
Please help, I'm looking to buy a new family house shortly and I'm very confused. The query If I have a residential mortgage and want to move to another house, do I need to sell my first house as I can't have 2 residential mortgages. Please advise
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Flexible Lenders re overtime/non perm work
Hello folks, I've been advised some mortgage lenders are more flexible with overtime or non-perm contracts. Most of my work is permanent and then a few hours a week (for same employer of 13.5 years) is on a temp teaching contract (reviewed annually - 2 years so far). My current mortgage lender (Barclays) will go to 4.49…
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end of mortgage process
Mortgage coming to an end this year :j :j Never been in this situation before as when buying and selling the mortgage has changed or been transferred but all done by solicitor. I'm preparing myself a file of questions and tasks and would welcome any advice or reminders on things I may have forgotten: 1. Get money freed in…
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Notices of corrections
Hello I'm beginning to think about home ownership and mortgages and everything that comes with it. So I've trawled through my credit report, looked at my current outgoings to see where I can fit back (in so I have a long record for affordability). By the time I want to start applying (beginning of 2020) there will only be…
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What do you guys think are chances are please??
Hi there myself and my partner have just got a AIP off our broker for 90k and we have a 5 percent deposit! My partners earns 28000 per annum not including all the overtime and extras he gets and I'm only part time so earn 7,200 so between us 35,200 gross. My partner hasn't got any loans and nothing on his credit card and…
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Getting a self mortgage with unpaid tax bills?
I'm currently deliberating various situations, I wish to get a mortgage but not necessarily this year even tho i have an ok opportunity this year which i don't think i can now take. If you get your paper work together for the dip, and your tax references, does it say whether you've paid the tax outstanding on your…
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Buying Parents House - Concessionary Purchase or Transfer of Equity?
Hi, not sure which option would be best for me. My situation is, I live in a property with my fiancee and my 2 parents. The house is in my mum's name only. She has an interest only mortgage that needs repaying in the summer of 2018. She owes 187k on a property worth approx 650k. She doesn't want to move if she doesn't have…
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Lenders who accept 100% of shift allowance & comissions
Hi everyone. I’m currently looking for properties to buy and have had an AIP from Natwest and Halifax but am not sure i have declared my income correctly. The way I am paid is broken down into different factors on my payslip - but as a rough guide.. I have a basic salary, but also weekend supplements, and out of hours pay…
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Shared Ownership Mortgage,
Just after some advice. I currently with Santander and own 25% of the property. We want to staircase to 100% spoke to Santander and they gave me some figures based on £160,000 valuation. They advised we would need to get that confirmed before we could proceed. so we paid out for valuation and it came back at that exact…
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First time buyer - viable?
Going it alone and not sure where to start! I feel like it's possible for me to get a reasonable mortgage but I'm not convinced and hoping to be reassured. Salary £27,000, full time employed 7 years. Deposit £50,000 (gift) and I have around £5k of my own for fees etc. Looking to borrow £50-70k. Currently have ~£10k credit…
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Separated - transferring mortage and house into sole name
Hi I'm not sure where best to put this. I am mid divorce proceedings - decree nici due soon. I have a mortgage offer that will expire before we are able to sort a consent order and decree absolute. Is there any reason why we can't transfer the house and mortgage in to my name now to save losing this offer (and to get a job…
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Price mortgage offer
Hi, We have a BTL mortgage offer from Precise for 175k. My brother would like to buy my property which we let out. Due to this now I need 110k from Prcise. Will there be any issue if we ask them to reissue a mortgage offer for reduced value? Thanks
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Adverse credit needed (but I have a good salary, low costs and deposit)
Hi all Please could somebody point me in the right direction to a good broker or bank? My situation is that I was in an IVA which screwed things up big time. I then got pulled my finger out and got promoted etc and paid my IVA off early a couple of years ago. My credit file has not recovered as quickly as I had hoped…
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Questions about leaving a joint mortgage, for I am a bit thick
Hello, I don’t really think I’m thick, but the situation I’m in is making me a little dizzy and I could use some impartial advice/feedback. I bought a house with a mate a few years back. We bought the house for £175k, taking out a joint mortgage, paying equal halves of the deposit, etc. Since then every expense has been…
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Mortgage advise for a first time buyer
Hello everyone, I'm hoping I can gather some advice from this forum in regards to my first mortgage application. I've Googled to see if I could get some answers, but nothing came up which really matched my dilemma. I'm currently living with parents and I'm looking to take out a mortgage. I have been in my current…
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Unsettled defaults over six years old
We want to buy our first house with a 25% deposit and mortgage of about 2.75x income. We have lots of room in the budget for interest rate increases to 10-12% so affordability is OK. Strong credit reports too for the past six years with no missed payments. BUT, before that I had defaults that remain unsettled. Some have…
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What are First Direct Mortgages like to deal with?
Strict? Selective? They seem to be the best in the two fixed feesaver market at the minute...I have my mortgage telephone appointment tomorrow.....
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NatWest aip htb
I will warn you now I am the worst person at waiting. My broker submitted an aip request to NatWest this afternoon - how lng roughly will it take till we here back, If a yes after full application is done are they one of the lenders that re credit check around completion.. at moment we have said o/d will be paid off at…
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Mortgage advice needed - no utility bills with current address
Hi All, This question is behalf of my sister, but linked to myself. Currently we both own a property, and both lived here until 3 months ago. My sister moved out while I started proceedings to transfer her equity to me, in exchange for the value of that equity. When she moved out, I moved all of the bills to my name, and…
