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3rd mortgage on 1 property
Hello, I'm after some advice as I'm struggling to find much else about this sort of situation online. We moved into our house 3 years ago and in doing so had to take out a second mortgage for the additional borrowing as our existing hadn't ended. We organised it so that they both end within about a month of each other as…
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Online Calulator for Mortgage Interest per month?
Hi, I am wondering if there is a calulator online that will show me how much interest I am paying monthly on my mortgage? I have a calulation I got off the internet but a calulator would be easier if there is one. Everyone I have seen just tells me the total amount I'll pay each month, not broken down into capital and…
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Is a second property feasible?
I have a permanent part-time position earning £27,000 per year (£45,000 pro rata). I have some self-employed income, though this varies. I have some scope to extend this next year. My other half earns £48,350, full-time, permanent. Both are stable jobs with no concerns about potential redundancies. Our house is worth…
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How soon can solicitors draw on an offer?
Hi Does anyone know how soon a solicitor can request mortgage funds for exchange after receiving an offer? We are under a lot of time pressure from the people we are buying from. They go away beginning of June for a long holiday and want to complete before they go. I seriously doubt completion will have enough time to go…
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HSBC Online Application
Hi everyone! Just been to my local HSBC branch to book in a mortgage appointment, having already had a Decision in Principle from them and an offer accepted on a flat. I was told that the earliest available appointment is on June 12th - nearly three weeks away! Turns out that across 12 branches in my area of London the 7th…
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Principality Mortgage Search - Mistake made?
Hello all, first time poster, long time lurker. I've recently gone through my broker to apply for a mortgage with Principality. It's in its infancy and they have just yesterday searched my report (haven't heard from them yet) but when I checked I noticed what I THINK is an error? I asked for a Mortgage over 25 years but in…
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Switching Mortgage or new deal?
Hi All, I currently have 7 years left on my Nationwide mortgage with about £20,000 still to pay off. I came off a fixed deal about a year ago and have been on the variable rate ever since. I thought it might be time to get back on a fixed. My question is can I move provider with the time and amount I have outstanding or…
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Questions about remortgaging
Hi everyone (first post here). Basically my home is worth £170,000 and i owe £80,000 on it. I have a loan of £3,000 which i want to pay off (never missed any payments) and i just want to generally see some money in my bank for a change so am looking to remortgage by £10,000 (which is the minimum with the Halifax). As…
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Re-valuing after Renovation
Hi, I've had a search around and can't see anything similar so: Keen to get any thoughts/advice on our situation. We purchased a house at a significant discount to the original list price about 6 months ago and have spent roughly as much as the discount fixing a lot of things that were wrong with it (new floors, electrics,…
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BTL Remortgage Stress Test rates
Whilst I'm waiting for my previous mortgage advisor to come back, I thought i'd throw it out here for discussion too. We have a BTL property, tenants in place wanting to stay for at least another 2yrs. Currently on a tracker with no exit fee, so started to check whether it might be worth fixing again for a better deal,…
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Land registry - form AP1
Hi there, hope someone can help please? I'm the sole executor of my dad's will (he died in January). We have probate through. In the will, he left his house to me and my brother jointly. Dad did very well to pay his mortgage off, bless him, and so there is no mortgage. I am filling in forms for the land registry (AS1 and…
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Help to buy
Hi peeps it's probably been asked but I cannot find it sorry. But I've been saving hard for a deposit and looking for a house my question is ive been told about the help to buy scheme to make a mortgage more attractive with help of 20% what do you people think what should I do please help?
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Section 104 / 38 a legal requirement to complete mortgage?
Hi. Could anyone please share any information. I am still yet again waiting for paperwork to go to my solicitor regarding the 104 / 38 agreement. My question is, Is this a LEGAL requirement to complete on our house?(only paper work we require) This has now been going on for months and delaying us. If anyone could give an…
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Can I raise funds for BTL using my house as a security?
Hello, I want to start BTL property business. No incomes yet. No cash. My plan is to use own house as a security. Is it possible at all? What banks are the best in such financing? I would appreciate any advice and comments.
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Mortgage after bankruptcy
Apologies if there are previous threads on this but I'm now 7 years past bankruptcy and looking at a mortgage, I know some lenders ask have you EVER been bankrupt and some ask only about bankruptcy in the last 6 years, obviously i only want to apply to those lenders as my credit report is now totally clear and no record of…
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Interest question
Hello If this has already been covered can someone direct me to the post please? I have been paying my mortgage now for 4 years payments are £521 per month and interest is about 4% total I borrowed is £85000. 4 years of £521 per month is about £25000 how ever my statement says I owe £73000 so I have only payed about £12000…
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Nationwide application - "action" documents
So I've been patiently waiting for nationwide to inform me whether they'll issue me a mortgage offer. It's been about 12 working days since they received my application and 6 working days since the valuation. Since then they've been reviewing my gifted deposit form. My mortgage broker chased them today only to find that…
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New Mortgage With Historic Debt?
Hi, I want to know if I can get a mortgage even though I have debt which I have evaded for 7 years due to not being able to pay when I was out of work? My equity far outweighs the value of the mortgage by £210k t o £30k, so I have a lot to lose should I default! I have also been in full time employment for 3 year now, as…
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Halifax vs. L&C quotes
Hello all. Obtained a quote from Halifax For mortgage. I earn £23460 pre tax plus tax free bonus of £1400. She earns £11400 pre tax plus tax free bonus of £580. We have child benefit of roughly £1000, and she earns premium for Sunday or which totals £1000 per year. Halifax came back and said we could borrow up to £176k. We…
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Who is my 'employer' for the purpose of a broker form?
Not my scenario but my partner's... on all our forms when applying for a mortgage we have to put 'employer details'. Our broker is submitting our application with my partner classified as a 'sole trader'. For the purposes of the form, is his 'employer': a) himself (therefore he puts his home address even though he's not a…
