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Simply Adverse - worth it even if no adverse credit?
We've approached Simply Adverse as we're applying for a mortgage and am concerned about historic defaults many a moon ago while on a debt management plan. We've not had a definitive response from a run of the mill broker, so we approached SA to clarify our situation from the point of view of someone that will know the…
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Can a spouse income be included when applying for a sole mortgage application?
Hi I currently have a mortgage on the house that I live in with my wife. We would like to move but don't want to rely on my house having to sell in order that we can buy another. I've been told there are now a few financial implications of getting a second mortgage so I'm wondering what our alternative options are. We have…
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limited company and mortgage
hi all, wondered if you can offer any advice, have recently applied for Mortage with Coventry BS, I have one myself already and looking to port the mortgage to new house and make it joint one with my partner. We are both self employed, she is a sole trader and I am sole director of limited company. We are hoping for…
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Mortgage deposit
Hi I need to understand how deposits work. I currently live in a flat valued at £100k which I plan on putting on the market soon. I originally bought it for 90k (81k mortgage and 9k deposit). I want to buy a bigger house up to a max of 250k. When i come to sell I will owe roughly 77k to nationwide. So I understand if it…
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Ditch my 5 year fix for a 10 year?
I've about £175k remaining on my mortgage I'm currently in a 5 year fix at 2.79%, expiring end of 2018. ERC is 2% reducing to 1% on 1st Jan 2018 I'm considering paying this to guarantee my payments for the next ten years - looking at 2.49% rate with FD. I'd also like to overpay and be mortgage free in ten years if possible…
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How best to get mortgage advice? Buying a new home and letting current property
Hi all, Really, I don't know where to go to find the correct advice on how to go about doing what I want to do. This is the situation I am in. We have 178k left on our current mortgage and have had our property valued at 280k. We want to change this mortgage to a buy to let mortgage interest only. We will then require a…
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Can I get a mortgage with my Grandpa?
Hello! I'm looking for a little advice please! So I currently own my own home and have a mortgage on my own, I'm 26 years old on a salary of £18K and the max I could borrow was £67,500. My grandma recently passed away and I have said to my grandpa that I will move in with him but the place he is renting is too small for…
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3 or 4 bedroom house
Hello, rently had an estate agent carry out a price evaluation on my house who said that my house should really be classed as a 4 bedroom property rather than a 3 bedroom but when i cam to undertake a remortgage (mortgage deal had ended) with my current lender they stated that my house was still shown as a 3 bedroom and…
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Remortgage: Nationwide vs HSBC vs Santander? Quickest / most efficient?
I have to remortgage. LTV ca. 50% , the loan is ca. 1.6x combined gross salaries, no other debt, so affordability shouldn’t be an issue. I was all set to remortgage to a FirstDirect offset (it had all been approved), but my circumstances changed and I now need a mortgage with no early repayment charge; letting the property…
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Gift from parents - do we need both signatures?
Buying a house with my girlfriend and her parents have gifted us £8,000 for the deposit/fees and our solicitor has asked for a letter signed from them. One issue they have is her dad works abroad on other side of the world so he cant sign the letter, her mums signed it and she is joint account holder and can withdraw funds…
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Buying partner out of mortgage
Hi all, So, my wife and I have split up after 14yrs together and 4yrs in our current house, 5 in our previous. It's all amicable and we're keeping everything friendly by not involving solicitors or anything. We have 3 kids and don't want to sell the house quite yet, so the kids still have their home and their 'constant'…
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Is it worth me remortgaging?
Hi, I'm currently on a 5 year fix of 4.79% which ends 31/10/2019. The ERC is currently 4%, but decreases by 1% every year on the 31/10. The standard monthly payment is £259.69 and I also OP another £100 each month. The last valuation was £62500 and the remaining balance is £47999, however I would pay the extra to get the…
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Where to compare mortgage features
Hi, Currently looking around at re mortgage. Found a few sites and will also contact a whole market broker when I've done more research. I'm with nationwide and like my overpayments features. What I'm interested in is mortgage features, ie the unlimited overpayments, no ERC, borrow back option etc. When I'm searching this…
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MSE News: Skipton launching new 0.99% two-year fixed rate mortgage
Skipton BS is launching a two-year fixed-rate mortgage at 0.99% if you're borrowing 60% of your home's value, but it comes with a £1,995 fee...Read the full story: 'Skipton launching new 0.99% two-year fixed rate mortgage ' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure…
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HELP! Mortgage Overpayment Confusion
Hi, I am new to this forum so I apologise if this has been asked before. I have just rung my mortgage provider with a view to making some regular overpayments to reduce the length of my mortgage term. I was looking to pay around £100-£150 a month extra however the person on the phone told me I would have to make…
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Mortgage broker qualifications question
Hi all, first post here so hopefully I'm posting in the right section! I'm a first time buyer and looking for a mortgage advisor/broker, preferably fees free. So I read the MSE FTB guide 2017 and have noted the three questions to ask brokers. I'm wondering though, would the question 'are you qualified?' be relevant if…
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Can I get a refund for overpayments made to my mortgage?
I have made a total of £1700 in overpayments in the past 4 months to reduce my mortgage term and reduce interest. I set up a standing order to make regular monthly payments to do this. When speaking to my mortgage company for the third time, I was only then told that I couldn't do this. They informed me the mortgage term…
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Marry into Shared ownership property and second home
Hi My wife to be owns her own home. I have a shared ownership property. Does anyone have any idea what happens in this situation? Would she/I be forced to sell Durban to shared ownership properties not allowing ownership of a second home?
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Switch morgage but interest rates
Hi first time here posting Iv got a morgage letter statement any way so over 6 years we've paid 16k and only something like 6k has come of the morgage so we with halifax standard rate and have 14 years left we have been looking about for a ltv morgage for 30,000 over 7 years fixed for 5 year we can up our payments per…
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Advice needed on Joint Mortgages, Stamp Duty and CGT
Hi, First post but looking for some advice, and would really appreciate any help! I bought my first property, a nice little flat, in October 2012, which I sold this yeah in March 2017 and am currently renting a property with the hopes of upsizing to a house. However I am struggling to get together the amount of money…
