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Newly Qualified Teacher (NQT) mortgage trouble - 6 months employement history???
Hello, my partner and I are currently going through the mortgage process. She has been at university studying for 4 years and has now graduated and is a Newly Qualified Teacher (NQT) we got told that we would be accepted for a mortgage and that our incomes were fine etc. However we've received an email saying that she…
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Recommendations of help to buy mortgage advisors
Hi All, I was wondering if anyone might be able to recommend a good mortgage advisor for help to buy shared ownership?
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Re-mortgaging With Partner but I now have bad credit
Hi There, I probably know the answer to this but I’ll ask advice anyway.... me and my partner took out a mortgage together 4 years ago and we are due to remortgage this month. When we started our mortgage together I had no over draft, no loans - life was peachy. Since then I have got messed up with gambling and have a 5.5k…
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Developer Incentive Limit Mortgage Criteria for New Build
Hello, I've reserved a new build property after being wooed by some very attractive developer incentives. They are paying for LBTT and contributing £15,000 towards the deposit. This amounts to approximately 7% of the list price. However, I've only just discovered that many (all?) lenders have a 5% limit criteria on…
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Mortgage - Stick or Switch?
Hi All, I have around £66k left on my mortgage at a rate of 4.69%. The renewal is not until February of 2019 with an early resettlement charge of 5%. I recently spoke to my mortgage broker in passing when I met him by chance whom I feel gave me poor advice. He suggested I pay the resettlement charge and move mortgages due…
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My ex and my mortgage
New to the site but have found some helpful bits but nothing really relevant so thought I'd post. Sorry if it's any place it shouldn't be but it's hard doing this on a phone. I'll start at the beginning to give you all an idea. Back in 2014 I bought a house with my wife. We struggled to get a mortgage but just managed it…
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Estate Agent doesn't recognise London & Country
Hello Having put in a good offer on a house, the Estate Agent asked to see my mortgage decision in principle. I got this from London & Country, after reading recommendations on this website. However, the Estate Agent said they will not accept the decision in principle from them. They have instead put me in touch with their…
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Pay down which mortgage account?
I bought a new house earlier this year, and sold my previous flat. Due to the Erc on the mortgage on the flat, I ported that mortgage (£47k) and took out a second product (no fix or erc) for the remainder needed (£137k). Now my fixed period on the £47k mortgage has come to an end, we have switched BOTH mortgage products to…
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Is 1.55% as low as five-year fixes will go?
Been contemplating this as we want to lock into a remortgage deal before the best deals start to vanish - as the consensus appear to be that they will soon. But then the big lenders often cut their rates towards the end of the quarter to hit lending targets, so it wouldn't surprise me if the Yorkshire BS's deal (which will…
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Mortgage fixed for 5 years with fee/ no fee
Wondering if I can get some friendly advice please. I’ve been offered the following 5 year fixed from Santander: 1.99% + no fee 1.79% + £999 fee Mortgage: @ 307000 Also got the 123 account, means you get £10 cashback on your mortgage each month. I have done some calculations and the 1.99% comes out cheaper over the 5…
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Borrowing money against my house
I would like to borrow money against my house but unsure what is the bet way to do this. My parents gifted me money to buy my house, and together with my savings, I bought without a mortgage. Now their situation has changed, and I would like to raise money (40,000-60000) to give to them. What would be the best way to do…
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Switching Deal - 2 Mortgages on 1 Property
Hi all - looking for some help. Forgive my ignorance if I am missing something obvious here but I am struggling to get my head around this.:huh: One of my fixed rate deals is coming to an end and I want to re-fix. We purchased the property 2 years ago for £185,000 We put down a deposit of £56,000. I had a mortgage from my…
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Buying a new build
So im nearly 3 years discharged from a Scottish trust deed and was wondering if there are lenders out there that offer mortgages with a 10% deposit on new builds? No trace of any adverse on my credit file as more than 6 years old. Thanks
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Tricky situation - being bought out of a mortgage
Hi all, I've lurked for a while and am very grateful for how helpful everyone is here! Today I've registered as I've got a tough situation I'd love to talk through and get some opinions on. Would be ever so grateful for anything any one has to offer :) I'm being bought out of a flat I bought with a friend 2 years ago. We…
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Aldermore- Awaiting Offer
Hi there, First time posting so I hope that I follow all the rules correctly, just a bit anxious waiting on our mortgage offer. We are currently purchasing a new home for £198k, with the sale proceeds from our current house of £185k minus the current mortgage with Aldermore of £28,500, with a mortgage of £56k so a very low…
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Potential bump in the road!!!! HELP!!
So I may be panicking a bit but bare with me. So my current mortgage deal expires Dec 2019. At this time I am highly likely to be either a stay at home parent or working part time. Basically I won't be bringing home anything like what I am in wages now. The mortgage is in my sole name. It was to much hassle to add in my…
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Fixed Rate Mortgage Dispute
Hi, I am looking for some advice please. I have a 2 year fixed rate mortgage with Barclays. The mortgage started in November 2016 when I moved into my house. The original mortgage agreement was made in June 2016 and it was known by all parties that move in date and commencement of the mortgage would be November 2016 as…
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Borrowers Share - Mortgage?
Hi, Our shared ownership fixed rate mortgage is coming to an end in a couple of months. All we want to do is fix again - simple I thought. Leeds Building Society has sent me an emailing detailing what products they can offer us. There is a selection of two, three and five year fixed mortgages BUT some of them are called…
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Splitting Mortgage Payments with Partner - Porting mortgage
Hi My partner and I are buying a house where each one of us has 50% equity. The amount of the loan is £380,000. Our plan is to split the monthly payments 50/50 for the next 24 years. My partner wants to port his old mortgage to the new property, i.e. porting the repayment of £107,196 at 3.34% rate to the new property.…
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Is lower rate better on large loan?
Fix isn't up until March but starting to look around at rates. Currently with Halifax, on 1.49%. Current balance is £220,000 and the monthly payment is £720 Halifax are offering 1.59% to switch to a new deal with them, monthly payment would increase to £760 Looking at the Best Buy tables, we could move it to Santander…
