-
Santander mortgage
I changed my mortgage payment to come out of my Santander account, and they say that I will get the cashback percentage, does anyone know when you actually receive it as I want to overpay my mortgage. thanks
-
Nationwide 2yr mortgage switch - cheaper to pay fee?
I am coming to the end of my 2 year fix @ 1.89% and looking to switch my deal to another 2 year fix. The only thing I can't decide is whether to: 1) Pay a £999 fee upfront and get a rate of 1.14% 2) Pay a £999 fee, add it to the loan and get a rate of 1.14% 3) Pay no fee and get a rate of 1.54% When I work out the total…
-
Mortgage 5 years after Debt Management Plan: My Experiences
Just thought I'd share some of my experiences after successfully getting approved for a mortgage after a debt management plan, as I've found advice awful in many cases, and even brokers getting it very VERY wrong. I've got what I consider a mortgage at 'market rate' for 90% LTV. **Please note that this is only my anecdotal…
-
Interest-only mortgages minimum salary
Hi I'm looking to remortgage but with an interest-only mortgage. Looking at the options, lenders seem to have varying minimum salaries to entertain this type of mortgage. e.g HSBC 100k Barclays 75k First direct 50k Does anyone know of any other lenders who entertain minimum 50k salary customers please ?
-
New Build Home - Reservation Fee and potential rogue traders
Hi, I haven't posted for a while but I remember that this place is a reliable place in time of need! So I've recently found a new build house that I would like to buy as part of the Equity Loan Scheme. I paid my £500 reservation in eagerness. Since I've done that I've got the ball rolling with everything else. Single…
-
home equity loan
hi everyone hope all is well i was thinking of acquiring a home equity loan to build an extension on my home, i can't remortgage. is this a good idea? i have no idea what the rates will be like for the repayment , and i have my current mortgage too. also, currently we have no idea if interests rates will rise…
-
IVA advice needed please
Hi, I entered into an IVA in 2007. In 2008 I couldn't manage the repayments, contacted the company and they wrote to me telling me my IVA was no longer valid and that the debtors would be informed and I was responsible for sorting out the debts. This was done and I am now in the position of applying for a mortgage. My…
-
Do mortgages have a cooling off period?
I did a search but couldn't find an answer to my question. Background. I'm remortgaging at 60% LTV and thought I'd found the best deal out there with my current provider. I've signed and returned what they call the Product Special Conditions form however I've not paid the fee yet and was planning to pay it over the phone…
-
Advice appreciated!
Everyone here gives savvy advice, and I'd appreciate your take on my situation. I would like to apply for a mortgage. I'm on a fixed term contract, currently full time. It will go down to 4.5 days in January 2018, and 4 days the year after. I'd like to know how to explain this in my application? Will it be ok to show my…
-
Closing Help to Buy ISA without claiming bonus
Hi everyone, Currently in the process of purchasing our first home, hoping to exchange next week. Opened Help to Buy ISA's with HSBC when they were first introduced and have been saving regularly each month. However, the house we are buying is over the £250k threshold so will not be able to claim the bonus, which is fine,…
-
Old Calculator - Locus / Lotus?
Hi all, About 5-8 years ago, there was a poster who created a "Mortgage Schedule Calculator" spreadsheet, which is really brilliant. It detailed monthly interest the and affect of OPing, versus a different rate / OP payment. Unfortunately my copy has corrupted. Does anyone remember this? Marie
-
Bigger deposit or no car finance?
Unfortunately I’ve recently been left some money due to a death in the family, somewhere in the region of 55-65k. i plan to initially pay off around 7k of dept but then I’m im full left with a car on pcp. A was looking at changing said car anyway but I was just wondering if it is more Beneficial to buy you a 20k ish car…
-
Mental health
Hi guys I have been a long term sufferer from mental health problems I have been trying with my bank for help since 2011 is there any help out there for guys like me the financial ombudsman was not help at all they just sided with the bank as I am not in a fit state to defend my self any help would be very very grateful
-
FTB mortgage - low income
Hello everyone. Please, does what I am hoping to make work sound feasible? I work part-time due to health issues (boo!) but am getting a pay rise which will take my annual gross earnings up to £12,650 and already have £19,000 saved (yay!) to cover fees and a deposit. I am hoping to buy a small, dated flat in need of…
-
Mortgage term ending
Hi all. My mums mortgage ends in July 2018 and she will owe just under £60,000. (Repaying interest only) What are her options as she is worrying about this. She is 79 years old. The mortgage was in her and her husbands name. Unfortunately he died 10 years ago and she has not informed them as she was worried she would lose…
-
First Time Buyer - valuation decreased!!
My DD put a deposit down on a new build flat which is due to be ready in seven weeks. Cost of flat £154750. Valuation went ahead and came in at £155000. Mortgage approved with TSB. The broker had however said they would look a changing lenders if DD did more overtime and could prove it was guaranteed (which it is) as she…
-
Buyers refused mortgage due to previous defaulted mortgage payment. Advice please?
Found out this morning from the estate agent that our buyers buyer had their mortgage declined with Halifax due to a previous missed mortgage payment. Their broker is apparently on the case & hoping to have an alternative lender lined up by Thursday. They have asked us if we can not tell further up the chain until Thursday…
-
Mortgage for another property?
I wonder if there are any mortgage brokers on here that could advise. I own 2 flats in which one I live in and one I let out. Equity wise I own the flat I live in with no mortgage.(£112000) The 2nd I let out at £650 a month.(owe £96000 on a mortgage.).The flat is worth about £117000. I have £43000 cash. I only earn around…
-
fix or not
i currently have a tracker 0.5% above base rate...but we need to raise cash for boiler kitchen bathroom was thinking 25k on top of balance takes it to 63 k and fixing for 10 years at 2.49%..wise move or not?
-
Gifting/Buying parents' House
Was wondering if anyone could advise the best approach for this... Parent's home valued at £300,000 with a mortgage of £60,000. They want to gift the property to me. I already have a property so this would be a second home. What would be the best way to do this and what costs would be involved? - How much could I…
