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overpayment help
Hey guys, Need help on options for overpayment. Current situation, have 90k left to pay off, mortgage is coming up for renewal next year. If nothing to drastic happens should be able to lock in a 1.89% rate for next 5 years. Soooo overpayment. 1. I have 11k saved up that i can overpay on mortgage or try and get a better…
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Completion day. How does it work?
More of an interest question really and specifically about a remortgage. So how does it work? Obviously a completion date gets set but what happens on that day? What steps are to be done by a solicitor? Like are all the payments set to go and it's just a matter of them making sure or is it a more manual process? I guess…
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Mortgage worries / concerns. FTB. Gifted deposit
Hi I'm currently in the Mortgage process for my first house. I'm using HTB which has been approved. I took a gift from my Granddad of £6000 because he was insisting as hes done this for my cousins. Note I have savings to fund the 5% myself... Hunky dory until now but this is where it gets messy. My granddad sent me 2…
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Sanity check - overpaying interest only
Long time lurker, first time poster needing to ask a stupid question... I have an interest only mortgage which I have been happily repaying for many years now on the basic understanding that my overpayments were reducing the capital of the loan. I today read the following from Which: "On a repayment mortgage, paying extra…
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Overpaying - and after fixed ends
Hi all, I'm a mortgage free wannabe and looking for advice please. We currently have 2 mortgages as we moved a few years ago and ported our first mortgage. As of today our mortgage is: 69500 @ 2.99% until Sept 18 87800 @ 3.39% until Sept 19 We pay £740 a month for the mortgages based on 26 years remaining. We are in an…
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Can I borrow more to make home imporvements?
I'm a first time buyer looking to purchase a home for £150,000 with a £15,000 deposit. This means I will need a mortgage of £135,000 but I've been told I can borrow up to about £165,000. Does this mean that I could borrow my full potential and use the extra £30,000 to spend on much needed work to the property?
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Mortgage, move & savings question...
Sorry for the vague and generic title, but I really can't think of a way of summing this question up easily... We're in the process of moving house (not quite at exchange, but chain complete, surveys done, mortgages arranged all along the line, searches currently being carried out). The move isn't expected to take place…
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Mortgage & CCJ
New to this forum, sorry if there a threads about the same topic. Me and my partner are looking to purchase out first property, her credit file is a1 however i have an outstanding CCJ registered for around 22k in November 2012 (now around 15k). We both earn around 30k a year and looking borrow max 175k with deposit upto…
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Overpayments - which part to apply to?
Afternoon Im after a bit of advice please. I would like to make over-payments to my mortgage, which is part repayment and part interest only. I have used the calculators and read the items but they seem to relate to either one or the other. I would like to know what would benefit me more applying to the repayment or to the…
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How much are interest rates going to go up by.
Hi, i'm a first time buyer and Interest rates seem quiet daunting. Speaking to my parents who said they were 12%+ around 1991-1992. Will this happen again? Or is there a set proceedure to stop it happening again? I could afford (just) for them to go to 10%, but still quiet worrying, or am I over reacting? Thanks, Marcus.
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BTL mortgage question
Does anyone know if it is possible to get a BTL mortgage on a property that is valued at about 45k Basically a friend is selling a house which is valued at about 45k Just that all the BTL info I can find shows minimum value of 50k. I already have a residential mortage and from what I have been told u can't have two…
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Britannia claiming overpaid refund
I ended my mortgage with Britannia last July and moved to HSBC. In August 2016 some money was paid into my account by Britannia. I assumed, as happened on previous occcasions when I remortgaged, that this was a refund of money I'd overpaid on redemption. Apparently not, they're now sending me threatening letters asking for…
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Existing customer
Hello, hopefully a quick question. I have a mortgage with the Halifax in my sole name, with the fixed rate ending in September. We are looking to add my partner to the mortgage and get an extra £30k for house improvements. If we stay with the Halifax, would we be a new customer or existing as the rates for existing…
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would lender take into account renting out my old room?
I have a house with lodgers, looking to buy an extra house, more central, and take in a couple of lodgers. Would a lender take into account the income of the future lodgers and the extra income of letting out my old room? It could be another £700. The lodgers in current residential home count as income too. But some BTL…
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Has anyone used Habito?
Hello, Any experiences of using Habito? I'm after a remortgage, not been impressed with one broker I've tried so far so now looking around for other options. Thanks
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Brokers fee refund
Am I entitled to a refund? I contacted a mortgage broker in March to try and get a remortgage and got a desion in principle. From the Halifax. I then payed my broker £487 when we had our house valued it was under value so we didn't meet then ltv ratio so the mortgage was declined by hailfax. Next step I was told to appeal.…
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Does my sole name on deeds mean I own my house?
Gggggggggg
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Can i use this money for a deposit?
Hi all, Ok so it goes like this; My partners step dad who ain't leagaly her step dad as her mother is not married to him is giving my partner £20000 from the sale of his deceased fathers house. This money is hers to do what she pleases with. We would like to use it for a deposit on a mortgage but after a bit of research on…
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Nationwide - final checks with underwriter
Is this standard procedure? There's been a lot of back and forwards, needing additional paperwork etc which is fine but the longer it's going on the more I'm thinking there's an issue (which sounds bloody ridiculous when I type it out) DIP was 16/08 full application went in a week after. Broker rang to let us know it was…
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Remortgaging - Why does my interest rate from my mortgate advisor seem so high?
Hello I'm looking at remortgaging as my fixed term is coming to an end in Feb 18 and I want everything in place to switch on the day. I've contacted my mortgage advisor who has had a little look and has come up with a mortgage with a 1.7% interest rate! We have a 63% LTV and need to borrow £183k and my house is worth £290k…
