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Endowment
I paid for two years into a nationwide endowment scheme in 1987-1989 approximately and completely forgot about it until a conversation with a colleague and I am wondering how or even if I can claim any monies owed as The policy didn't mature we moved and went with another building society any advise will be gtreatly…
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Second mortgage
I'm a home owner and would like to purchase a second property, to refurbish it and sell on for a profit. I have a 25% deposit. Do I need a commercial mortgage for this please, ?
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CeMAP Diploma
I'm recently CeMAP qualified and work in a call centre role at a bank. Struggling to get a MA job. Is it worth doing the CeMAP Diploma? Also thinking of doing CeRER though I know banks don't dabble in equity release as of yet. Am I even better doing DipFA/Dip PFS and trying to get into financial advice? All suggestions and…
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Mortgage offer question
Finally got our mortgage offer today with Barclays after 6 weeks since application went in. A bit confused as first time buyers reading through the offer it says to clear all debts within 30 days of completion, we have no debts as paid credit cards off. Does this mean we would have to wait for a while before getting things…
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Overpayment Question Please Help
Hi all, Just after a bit of advice on the following: Mortgage of 180000 on property of 245000 One year into a Bank of Ireland mortgage via the Post Office 3 year fix at 1.99% which has fairly onerous overpayment terms: I can overpay a maximum of 10% of the outstanding mortgage balance per year. Overpayments cannot be used…
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To pay off or not
Hi all, just after a bit of advice. 5 years into a 30 year mortgage term (initial 3 year deal and currently 2 years into a new 5 year deal @ around 3% give or take). House purchased for 95k with a 10% deposit On a Repayment basis. Currently have around 72-75k remaining. Will shortly be in a position where this can be paid…
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About to start saving for a deposit, should I pay off debt or save more?
Hi there I currently don't have any savings, but I'm about to start saving for a mortgage deposit. I'd like to be able to buy a house as soon as possible, but I do obviously appreciate that saving will take some time. Something I'm unsure about at the minute, is whether I'm better off focusing on paying off credit card…
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Nationwide Base Mortgage Rate (BMR) - stick or switch?
Hi, I wonder if anybody could offer me any advice on whether to stay on a Nationwide BMR or, because rates will be increasing, switch to say a 5 yr fixed or 10 yr fixed? The Nationwide BMR is guaranteed to be no more than 2% above the Bank of England Base Rate, and If you choose to switch from to a new product, it isn’t…
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Transfer of Equity - legal advice also required
Hi, I'll try make this as simple as possible Current Situation Currently living with partner and our 1 year old baby. We have split up but are still living under the same roof until she moves out......with baby. We've been together 7 years or so, living together for the last 4 and half years. For the first 3 and half years…
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Bank telling us I can't live in house after selling out to co-owners
I bought a house with two others a few years back, and we signed a Declaration of Trust. I'm about to sell my share of the house to the other two. As part of this transition we were planning for me to stay living in the house for a few months after completion while I find another place to live. However Nationwide has been…
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Is it better to overpay on mortgage or save cash for deposit on a BTL
Once you purchase your first home, is it better to overpay your mortgage or save money for deposit towards and investment property and get Buy-To-Let Mortgage.
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Too worried to even attempt buying
Previously owned two houses. Bought first house in 2005 when everything seemed to be so much easier! Moved into a bigger "forever home" in 2012 - split up a year later and I moved into a rented apartment, no equity in property so ex kept it and I signed over the deeds. So now a few years on, I'm saddled with old debt and…
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What if completion is not done in time?
My mortgage is supposed to go from NatWest to Barclays. I started the ball rolling with L&C months ago and all was good, everything approved, only needed to complete by Enact. I even paid them almost £900 later because they said there was a shortfall. And it's been weeks now and they haven't completed yet. Completions get…
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Sole Mortgage - Joint Account
Hi All, Due to my partners high debts, it looks unlikely that we'll get a joint mortgage. I'm contemplating getting a mortgage on my own, on a cheaper property to get us on the ladder - probably around the £40-50k marker with a 10% deposit. Can I do this, if we have a joint account? The Deposit will have been saved by…
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Should I ditch Lifetime Tracker for a 5yr Fixed Rate
Hi My husband and I have a lifetime tracker mortgage, which started at a rate of 1.49% then increased to 1.74% last September when BofE increased .25%. We still have about 10years left before we pay off the mortgage, possibly sooner. We don't plan on moving over the next 5 years, so we are wondering whether we would be…
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Over Mortgage?
I had an endowment mortgage and cashed in as was poor, so I just paid the interest and it up next year and owe £24k The house is worth approx £80+k, how can I pay it off now but get the capital in cash now and keep until I want to sell in the future so I don't lose any in tax Hope this makes sense!
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First Direct Remortgage
I wondered if anyone might be able to answer a question for me? I have completed an application with First Direct for a re-mortgage and we have asked for an additional £15,000 for home improvements. We have submitted all docs and have been approved and it is going through now - haven't been contacted yet by the legal…
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Joint to sole ownership and remortgage advice, please
Hi, first ever post, so will aim to be clear and brief (and grateful!) Nearly 20 years ago, I bought a house in joint names with a then partner because we had a baby together. Soon after purchase we separated, he actually never lived in house, never paid a mortgage and my parents paid the deposit Mainly through naivety and…
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Mortgage after repossession
Hi, I know this has been done a few times on here, but I have some more specific questions with this. I have a repossession which will be 7 years old in March next year Will have approx 100k to put down on a 400k house (from my partners funds) Her credit record is spotless, mine has been since BR. I have a couple of credit…
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First time buyer!
Hello everyone, I'm a first time buyer and I'm looking at a property for £350k. I need a mortgage of £150k, but my base salary is £25k which can get me a mortgage of £112k. I earn commission each month which increases my salary to roughly £37k a year, and my dad is willing to guarantee the mortgage - does anyone know of…