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Repay mortgage with 1% erc now or wait.
Hi, I've got 25k left on my mortgage, interest rate is 2.79% It has an erc of 1% until 1/5/2018. Working out whether to pay it now or wait for erc period to finish is simply looking for a savings rate for a 25k deposit of better than 1.79% yes? Is it this simple? Thanks!
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First time buyer confusion
Hi all, First time posting and buyer so if all the information does not come across well sorry! So here's our timeline of events it's been going on forever!! Reserved a new build back on the last weekend of January this year was given 5 weeks to exchange contracts. House not due to be built until sept. Got a mortgage in…
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Remortgaging - Two options, but which to choose?
I'm ready to move away from my One Account 4% Current Account Mortgage, but need a bit of a push to help me make my mind up on which option to go with. I'm looking to fix for 5 or 10 years and make over payments with any disposeable income I have left at the end of the month. I have a mortgage of 44,000 left to pay, and I…
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So Frustrating - Weekly email mortgages
Everytime I see the weekly email with mortgage advice and cheap fixes I scan through in the hope that one day they will recognise that not everyone is in a position to shop around. I'm one of a large number of shared ownership "owners" and with limited deals and usually !!!!!! T&C's we're almost always forgotten in the…
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Unequal shares..?
Hello, My partner and I are separating and as part of it we're looking at selling the house. I have the TR1 form which states we are "Tenants in common in unequal shares with 54.8% to HER and remainder in equal shares" What i'm trying to figure out is what proportion of the property and or equity i am entitled to upon the…
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Indemnity Policy
Hi, Not sure this is the right thread, I am applying for a remortgage, But the new provider is after a copy of an idemnity policy for the property as its on leasehold where I pay a minimal ground rent every year. I contacted the solicitors who handled stuff when I bought the house originally who convieniently no longer…
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MSE News: Mortgage price war: 1.29% FIVE year fix
Check NOW to see if you can take advantage and save £1,000s ditching & switching...Read the full story: 'Mortgage price war: 1.29% FIVE year fix' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Joint account
Our mortgage has been approved subject to valuation. Obviously we still have a way to go yet, but planning ahead want to open a joint account for bills etc in the next few weeks. I'm aware you don't apply for credit until completion incase it affects the offer, but does this include a new bank account?
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Help with stamp duty and lawyer fees
Hi My partner and I are buying a house together. All deposit is from a sale of his property. I have been given money to help to pay for stamp duty and lawyer fees etc. Do I need to declare source of it to the lawyers ? Thank you
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how far back can a lender go
Evening . Hopefully someone will know the answer to this . defaults come off your credit file after 6 years . Is there a legal time limit how far back a mortgage lender can look . by legal i mean an actual time limit set in law . i had assumed that once the default came off your credit history then that would be the…
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paying off my current credit as part of my mortgage deal
we have our mortgage offer from halifax and part of the deal is that it says we have agreed to pay off some or all of our current credit aggrements £2200 credit card £900 dfs sofas £500 tyres i stated to the mortgage advisor that we could pay some of this off but never said exactly which one or the amount . if i pay off £5…
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natwest increased my credit card limit after my mortgage offer........should i worry
we had our mortgage offer from halifax around 3 weeks ago so everything is going ahead as planned. last week i had an alert from equifax which shown that i have recently applied for more credit (my heart sunk as i havent done that at all) it was a £500 increase to my natwest credit card and i remember a letter coming…
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Should I challenge a default?
Hi, I need some advice... I have only just noticed that a mortgage payment I made in February didn't go through until 1 day late - I didn't receive any notification from Nationwide about this - presumably because they saw it come in the morning after it was due. Having just been turned down for an AIP on a mortgage, I went…
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company director mortgage advisor recommedations
Hi I'm after recommendations for experienced mortgage advisors who could find a mortgage for my partner and I who are directors and shareholders of the same company. We are first time buyers. Earnings:* We both own 25% equity of an eight year old business. * Last financial year we took home £37K each (net) . This is mostly…
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Help "old mortgage"
Hello, really need advice! I took out a mortgage in 2007 at £89,000 with Northern Rock which changed names a few times over the years. I have recently found out you should always remortgage which I never knew before! We had sold the house in 2016 with a redemption balance of £87,000 I have requested over the 9 years for an…
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Overdrafts/ Debt & Mortgage application
Hi, My OH & I are hoping to buy our first house soon. We're not on a high income and so we've been working hard on clearing our debt. I don't think we have a huge amount of debt but since we don't earn a lot we want to improve our chances of being accepted and being able to borrow a reasonable amount. We currently have…
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Failed surveying because the flat is currently a HMO?
So we have been working on applying for a mortgage on this ELA flat for almost a month now with Natwest. The current (or possibly previous) landlord had put up a wall in the middle of the living room and partitioned it into two bedrooms. And right now he has in total 4 separate tenants in an originally 2 bedroom flat. The…
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Help!!
Some of you may remember my first post re my name being on a mortgage with my ex - unbeknown to myself for the past 10 years anyway long story cut short I have still had no joy getting in touch with my ex re taking my name off the mortgage and he has put the property up for sale :mad: (Please see first post for full…
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House equity as a cash sum when moving home?
Hi all Sorry if this is a really stupid question but I've only bought a house once and never sold one so this is all a bit confusing! We have around £70k equity in our house (if we sell for around the asking price), we've found a house which is in our dream location but needs around £40k of work done to it (basically…
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Out of interest
If you get a DIP/AIP from a bank saying they will give you say £150k but will lend you up to £180k what are the chances of them actually giving you the mortgage? Obviously I know both applicants are credit scored & a full search is done.... I will add that I currently have a mortgage with the lender & it is to add my…
