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Stamp duty for sort-of first first-time buyer
Some years ago I bought a buy-to-let in Leeds (I was abroad and not living in the UK) I have been living in London for 4 years now, paying high rent and unable to afford my own place. But I should have a deposit for something below the 250k threshold by December. However, I realise that I cant be classified as a "first…
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Repaying my mortgage weekly, the benefits?
It's been suggested to me you save a little on the interest you pay if you repay weekly? I've always replayed monthly, anyone repay weekly and see decent £££ benefit? Thanks
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Mortgage help please
Hello everyone i am coming to the end of my fixed year plan with halifax. I am finding they are very expensive so i am looking at moving to nationwide. I have never moved to another lender before so i have a few questions. They tell me my only fee would be a solicitor fee, how does the use of a solicitor work? Do i have to…
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Should I pay it off?
My offset is has a rate of 2.13% I have 150,000 left to pay I have over 240 000 in the offset account I can pay it off with no penalty I believe. My monthly payments are about 900 What would you do? TIA
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Advise on best Remortgage please
Hi, This is my first post and was wondering if you have any advice please. Mortgage deal ending at the end of October. Need to remortgage £43,500 on a property around £140,000 over appx 5-6 years Both in full time employment and make regular overpayments. Can anyone give me guidance with the low rates compared with setup…
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Break in chain - mortgage offer
Hello. I have a mortgage offer but need to break the chain (1 month in between moves), but am returning to an address I previously lived and so is already listed on my credit file........what do I do about my mortgage offer? I don't want to affect the final credit check between exchange and completion. Thank you.
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Redemption Fees, oh really?
Appreciating that there is a cost to the lender in extending credit given the large sums involved there is equally a point in which the mortgage has beared significant interest charges and profit for the lender given economies of scale. Is it therefore accepted that early redemption charges for mortgages are unlawful after…
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Applying for new mortgate from Joint to Single
Hi I am looking to purchase a property for which I am looking into the mortgage for the purchase, however the mortgage will be under single application and not joint due to my partner having bad credit record. How easy would be to apply for single mortgage application the LTV would be approx. 30% we have sufficient equity…
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Employed or Self Employed? Help please!
Hi there, Wonder if anyone can help with this please. My husband is a steel fixer. He is self employed and completes his tax self assessment every year. Although my husband is self employed he is actually employed by the same company all year round who sends him on jobs to provide steelfixing for various companies. This…
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Nationwide underwriting
Just a question for those with experience of Nationwide's underwriting process. My DiP was referred on Monday, likely because I had a voluntary repossession in 2009 which my broker checked out before submission was within criteria. On Wednesday I met with the broker who submitted my full application, and today Nationwide…
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Endowment mis sold compensation
Can anybody tell me if it is now to late to claim compensation for mis sold policies. I read that I should have been contacted by the Lenders involved, But I have moved since they matured and they would not have had my new address.
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Any experts able to advise on statement issue please?
Afternoon all, I am applying for a mortgage on my own. On my bank statements it will show an amount being transferred each month to my partner’s account from which he pays all the bills (rent, utilities etc etc). The mortgage broker said this will be ok and I should just make a note on the application that this is the…
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2 mortgage accounts on one property
Right, here goes. I have 2 mortgages in my name on 1 property, both are with Barclays. Its because I moved 3 years ago the additional i borrowed was on a 2nd, smaller account with them. Basically I owe: £122k - fixed period ends Dec 17 £90k - fixed period ends Jul 18 I'd like to fix again for possibly 5 years and am happy…
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Do I need to use my Credit Cards more?
Hi, Thinking of applying for a mortgage in the next couple of years. My credit file shows 4 x credit accounts, My bank account, A cc with the same bank, a barcaly card cc and my mobile phone contract. They all show as £0 balance, full set of green markers for the last 6yrs+ (The bank CC shows as a -£1 as the card is in…
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Final staircasing of shared ownership valuation issue!
Hi,we are currently in the final stage of staircasing to 100% of our shared ownership flat. We have a mortgage offer with HSBC (as they informed us that if we remortgaged our current share with them, we would have to purchase the final share with them too). We had a valuation done for our Housing Association which valued…
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mortgages on flats post Grenfell Fire
I'm in the process of selling my flat which is a leasehold flat within a council managed block. The building is 7 storeys high so I already knew there were a smaller number of lenders who would be willing to lend on it due to it's height because I've experienced that myself. However the person who I've accepted an offer…
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Advice needed for mortgage after DMP
Hi, looking for some advice as its been over 10 years since we looked at mortgages. In 2012 we entered a DMP due to redundancy and defaulted on everything we owed, 3 credit cards (4k, 2k, 1k) a large loan (20k+) and our overdraft (1k) In total around 28k. We have kept payments up with Stepchange and increased payments to…
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New house with partner - tenents common question?!
Hi There, I recently bought a house - I personally paid all of the money relating to the purchase of the house (deposit, stamp duty, taxes, fees, solicitors fees etc) totaling around £60,000. I have moved in to this house with my partner. We are not married or engaged - and have been going out for a couple of years. We…
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Cohabitation - rights after separation?
Hiya My partner and I bought a house 5 years ago but because I was still subject to a bankruptcy order at the time (after a previous relationship breakdown), the house was put solely in his name. The household bills plus the mortgage are paid out of our joint bank account which we both transfer money into each month. I've…
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New Bank Account b4 Mortgage
Hi All Random question. I have heard that switching bank accounts in the lead-up to applying for a mortgage could potentially harm my chances of getting a mortgage as it'd mean a credit search on my file. I dont actually plan to switch my bank account, but my partner and I were thinking of opening a joint bank account to…
