-
Equity Release question
If this isn't the right place for this post, please move it. My neighbour has asked me to help her look into the possibility of taking out an equity release on her home. She'll be 78 at the end of the year, her house is worth somewhere between £250-300k (using estate agents web sites for prices) and she's looking at taking…
-
Mortgage term reduction
Hi My current fixed deal is coming to an end and I will be able to sort out a new rate. Currently the mortgage is in my name and only I pay the mortgage. However on the new deal my other half will be going on to the deeds and paying half the new mortgage. I will have £72000 left to pay, property worth £150000 and the…
-
Will I get a mortgage approved
I'm planning on moving home, to somewhere that we will live in for a long timeo. So it has to be perfect. I'm a bit worried I'll be declined a mortgage. We have a joint income of £102,000, both been employed with our employers for over 15 years. We have a current mortgage that we have been over paying each month to bring…
-
Self employed mortgage help!
I'm currently self employed (sole trader) and I have a complete set of accounts for the last 3 years, however my income has been falling and only begun stabilising in the last 4 months. Obviously this stabilisation won't show until I do my 2017/18 tax return next year. Anyway, I'm currently looking to buy my first property…
-
Mortgage Agreement in Principle - House value? Or Loan Amount?
I'm a first time buyer and so, so sorry for the dumb question. I've seen a house I like (£325k) I have a 15% deposit (£48k) However, I have an agreement in principle for 301k over 25 years based on a 85% loan to value. So the dumb question.... Does the 301k AIP mean I cannot look at houses ABOVE 301k Or does it mean, I…
-
LLoyds Bank Interest Charges Scam
Last month I inadvertantly forgot to transfer funds to my account which the mortgage is taken out of. To which I would firstly say Nationwide seem to not have a policy of informing you that you may go overdrawn on one acount, even if there is significantly more funds in another Nationwide account to cover it. However, it…
-
Mortgage change before completion
Hi Am a FTB. Have exchanged the contract already and the completion is on 15/09. My mortgage provide is Nationwide. Have just noticed that the interest rate of my product is reduced from 1.54% to 1.44%. Would I be able to change my IR (same product) now? Will it delay my completion by any chance. Is it risky at this point?…
-
Remortgage advice
House value £260,000 Mortgage £142,000 LVR c 55% Any advice with regards to remorgaging to consolidate debt and finalise the home. Remortage value required £180,000, LVR c 70%, joint income c £55k. No adverse credit history as in missed payments, bankruptcy etc. Would this be possible and if so is there any particular…
-
Short term mortgage.
Hi I wonder if anyone has any advice on this . We inherited a large sum of money from my father , which we want to buy a house with. We plan to buy a place with a annex for my mother inlaw . Which basically means we will need to borrow around 150k in the short term until she sells her property . Which is the best way to…
-
First time buyer at 62 lots of questions
My mum and her other half have lived in their council house for 22 years 3 bed bungalow Right to buy is ending and they have the chance to buy their house valued at £149,000 for £72,000 They are not well off income of around £25,000 (between them not each) and possibly around £4-5k as a deposit. Are they likely to even get…
-
Mortgage after Bankrupcy
Sorry but this is going to be quite a long post with several different aspects! My Husband was made bankrupt and was discharged from this in November 2013. The bankruptcy was filed against him for non payment of tax, vat etc to HMRC. We had been paying this money to our accountant who was supposed to be forwarding it to…
-
Trouble getting access for valuation
Bank are wanting to do valuation on flat we have made offer on and have contacted the vendors. The vendors both work and can not be at the property until after 3pm - the valuation team only work until 3pm. The vendors want to be present. Any ideas on how we can get round this?
-
mortatgage and credit history
Hi there, Wonder if anyone could help with my query? I've got an agreement in principle with Halifax, via a broker. My credit score is good, however in the past I defaulted on a credit card with Halifax - I was a student and it has since been settled and dropped off my credit score. I'm having a panic because we've just…
-
MSE monthly payments
Hi, I've been comparing mortgages from L&C with the best buy deals on the MSE website. However L&C have told me that the monthly payments shown on the MSE website are not correct. I was interested in the HSBC 5 yr fixed no fee at 1.84%. L&C tell me this costs more than £505/month. Could you advise who's calculations are…
-
Mortgage after DMP
Hi, we've been out of our DMP for just over 2 years and we are slowly rebuilding our credit file and are nearly tagged as 'good' in the majority of searches i subscribe to. Question is has anyone in a similar situation managed to get a 'good deal' from the high street on a remortgage. We've been to an IFA who is…
-
Quick Question
Hi all, I exchanged on my purchase in August and due to fussy sellers we are not completing until the 29th September...much to my annoyance! Anyway my 0% BT ends soon and i have an offer from my bank to transfer at a lower rate, can i do this before the completion date or should i wait until after?
-
Good mortgage offer?
Leasehold flat 285k Deposit 20% Years 30 Interest rate 1.26% Monthly repayment £760 Halifax What do you think?
-
Any Pointers
Ok so Ill try and explain the background and hopefully some people can give me some pointers or pitfalls I may have overlooked. Am going to help my fiancee with some money to pay off her debts, pay towards a mortgage shortfall and pay for a loft extension to enable myself and my family to move in. Total between 90-95,000.…
-
Home improvment £30k needed
We need to fix our roof and have a small side extension to build but we are not sure the best way to fund this. Our outstanding mortgage balance is around £83k and when the roof is done and the extension, the value of the house will be £140`000 plus. We are currently on a base rate tracker at 1.44% above base, so dont…
-
When should I be looking at a remortgage?
My current 5 year fix with YBS comes to an end in June 2018. When should I start looking at retention products or other mortgage companies & how soon can I arrange a new mortgage? My current rate is 2.99% & I'll be about 55% LTV by then. I could save about £100 a month on the repayments with a lower interest rate last time…
