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Have a current mortgage, want to buy with a partner & rent existing home.
Hi I'm after some advice on current mortgage situation. I bought my house a few years ago and has been valued currently at 145000 by the bank and current debt is at 105000. I'm unclear on how remortgaging works...and would like to know how I could release equity in my home as if poss want to raise £15000? If the above is…
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Remortgage when debt is really small?
Hello everyone, My current 5 year fixed deal at 3.39% end's 30th June with Co-Op bank LTV ratio is 19% with balance of £19K and 2 years remaining to be MF :) Options Revert to SVR currently 4.49% and make overpayments to reduce term further. Should be able to make OP of £5K 1st year and not sure of remaining year. Co-Op…
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Getting a mortgage on MIL house
Hoping to get some thoughts and advice on our (Husband + Me) situation. We rent a house which belongs to my husbands mother, she lives abroad permantely. She has an interest-only mortgage on the house £216k at around 4.5%, It needs to be repaid in 3yrs time. So it will mean she will have to sell the house as she is only a…
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First Time Buyer Process
Hello, We have been waiting since last August for the 2nd phase of a new build development to be released. It was finally released last month but we were unable to secure one Since then we have just been concentrating on saving a bit more money until something came up. Today a perfect house for us came on sale and we…
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Leeds mortgage application
Hi all Just a query. My mortgage is currently being processed with Leeds & valuation has just come back ok. Phoned Leeds earlier to check they have received documents we sent to them & asked when they thought offer might be issued & he told me my application has been selected for a random check from underwriter & they…
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Two Mortgages - One Property
I have two mortgage on my house (got a second mortgage in order to buy my brother out). Is it possible to have the mortgages with two different lenders? One of my mortgages is fixed till 2021, but the other has not limitations on it.
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Best options for second mortgage or first time buyer mortgage
My partner and I are looking into buying a house together. I am a first time buyer and have a help to buy isa but my partner has a property that he currently lets. We rent a house together and have done for the last 7 years. We are unable to sell his property as there are insurance claims that are unresolved with the…
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Can i use an existing credit card between exchange and completion
Hi all I have just exchanged on my first property and have three weeks between now and the completion date when I will be moving in. During that time frame I need to pay for things like a professional clean for my rented flat/van hire/a bed. Not planning on spending a lot (somewhere around £1,500 to £2,000 for everything)…
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Mortgages After Default
We've recently been declined by Aldermore for a mortgage - I have a default from August 2011 which is unsatisfied, and between us we have some debt, all this combined with wanting a 95% Mortgage meant a no. We've decided to save for a bit longer, and wait until the default has left my credit file before trying again. Does…
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Good online mortgage broker / advisor
Hi All, Can anyone recommend a good online (or via telephone) mortgage broker / advisor online? I already have a mortgage of my own but my husband and I would like to buy a house together. Unfortunately he has bad credit history, so perhaps a broker / advisor who has experience with this? Many thanks in advance!
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Changed my home address mid-house purchase
My mortgage has been approved for a house I'm buying but since the decision I have had to move out of the house I was renting and I am now temporarily (I hope) living at my parents until the sale goes through. I need to change my address with my bank and credit card provider and I assume I need to get on the electoral roll…
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Mortgage to pay parents back?
I'm looking at buying a house at auction but because of the 28 day limit a mortgage seems risky so the plan is I pay 40% of the house in from savings and my parents pay the left over 60% like a bridging loan but with no fees. My problem is can I get a mortgage to pay my parents back? It would be around 60,000 - 70,000 I…
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Has anyone used Atom for a mortgage for a new house purchase?
Read today that Atom have launched a 5 year fix at a low rate of 2.29 percent. Got cold feet about this lender though as they are app based with digital contact only. I think it sounds risky using them for a new house purchase and perhaps they are the sort you could perhaps use for a re-mortgage. Has anyone successfully…
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Refund on valuation fee?
I paid my mortgage company a fee of £350 for a mortgage valuation survey on my property. The valuation came back at £10k less than the property was on the market for. The price was dropped from the lender to £10k less understandably as a result. I noticed on the offer paperwork that the valutation fees are listed. My…
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Moving/Paying off DMP/Need a new mortgage!
Hello, lets see how this goes!! We are looking at moving into a new build with the help to buy scheme. I'm aware that I need to sell my home STC before applying for the scheme. My house is ready to go to market but I'm not prepared to put it on until I find a mortgage to cover the rest of what I need to buy the new build.…
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Mortgage questions - broker/timescales/survey
Hi, Sorry if this has been posted elsewhere...my brain is going a bit ten to the dozen atm...I have a couple of three questions... 1/ We've had a mortgage offer from a broker - we're abit dubious about the MPI if we take their cover it's free if not there's a hefty fee to pay?!? Is that normal? 2/So on looking to see if I…
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Re-mortgaging and moving home
Hi, my current fixed mortgage deal comes to an end in the next 3 months and we are looking to move home in the next 18 months. I'm unsure whether to refix a deal or move onto a tracker rate, as I've heard there could be fees associated with transferring a fixed rate mortgage when moving home. Any helpful advice much…
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Valuation today!!!
So today is the day for valuation and we feel so nervous. We are first time buyers and quite honestly the waiting is killing us. Hopefully get a mortgage offer soon. But then we feel like nah surely not. Have two children and are married already but wow I feel grown up right now 😂
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2 mortgage refusals - help please!!!
Hi, I am asking you all for help as I have nowhere to go for advice. We (wife & I) applied for joint mortgage (FTB) with Nationwide, application proceeded, valuation done then suddenly just as it was being accepted, HO took over (random check) & declined with no reason given. They refused to give a reason. We then applied…
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Re-mortgage now retired.
Our fixed term is due to end 31st august 2018, we retired a few weeks ago. My questions are should we and CAN we renew a fixed term now we are retired. We have the money to pay off the mortgage but don't want to incur penalties. So we will be investing this money but we will get a better rate if we can invest for a few…
