-
Joint Mortgage - Seperation
Hello I am in a bit of a difficult situation, myself and my ex have separated and not on good terms. I have been paying the mortgage since he left in April and its interest only. I want to see what options I may have in removing him from the mortgage, I can afford to pay the mortgage I just want to remove him from it. If…
-
Remortgage. Is this right please?
Hi, We've recently applied to remortgage our house, we owe £46,897 but want to add 10k for home improvements. The forms for us to sign have come and it says the sum of £57,158, why is it not £56,897 ? It was a fee free plan(also paid another payment since). My husband has rang them and they say it's interest but on the…
-
Any Pre 2009 Nationwide mortgages thinking of remortgaging?
Hi all, Have a pre 2009 Nationwide mortgage that is currently 2.25% Bmr. Not exactly cheap now a days but really keen on the unlimited overpayment and borrow back feature where we can draw back our overpayments should we need. I know a while ago some on the same were thinking ofchanging. With the interest rate rise…
-
Mortgage Advice
Hi all, A little speculative but here goes: 50% share of a 1 bed flat - c£30K Mortgage outstanding coming off 5 year fix @3.49% Considered options: 1. Renew on a new deal (2 year tracker) at the same term remaining (disposable income increased through lower interest rate). 2. Renew/remortgage on a new deal (2 year tracker)…
-
mortgage rates before BoE increase
Hi there, I was reading Martin's article "UK interest rates likely to rise in 2 weeks PROTECT YOURSELF BEFORE IT HAPPENS" yesterday and did a bit of a homework this evening: We have an outstanding mortgage for aprox 80k and a house worth around 500k. (pls do not get too excited it is a simple house but in Cambridge) We…
-
Fixing my mortgage
I took out my mortgage 10 years ago - £58,500, 2 year tracker with Nationwide, ended and stayed on their BMR rate at 2% above the BOE rate. Now rates are finally on the rise, thought protecting myself, fixed for the maximum 10 years, with 15 years left - which does me worry a bit with the last 5 years, if rates go sky…
-
Advice on shared ownership mortgage
Hi, I'm a first-time buyer and I would really appreciate some advice as I feel in the dark with this house buying process, with no one to help me. I am currently saving on the help to buy scheme and I think by the time I would exchange my bonus would be around £1200. I was wondering at which point this money would back…
-
Joint mortgage with ex
HiI have a mortgage with the Nationwide and when I got divorced 8 years ago I took over the payments and had my ex indemnified against this via a solicitor. However Nationwide would not let me remove his name off the mortgage. I cant remember why this was but I think it was something to do with affordability at the time. I…
-
Digital Mortgages
Hi Everyone, I am looking to remortgage and made contact with L&C as recommended by MSE. They have come back with an excellent deal with Digital Mortgages however I have not heard of them before and other than news articles and their own website I am really struggling to find reviews on them as a mortgage company. We are…
-
Is it daft to jump from a fixed to variable mortgage at the moment?
I'm currently coming to the end of the 2nd year of a 5 year fix with TSB. It's at 2.39% which is quite a bit higher than some of the best mortgages currently available, and with childcare fees set to double in January I'm looking to save money wherever possible. The mortgage is ~£93000 (<50%LTV) with 28 years left to run.…
-
Long term fix
I'm looking to take advantage of a 2.39% 10 year fix. In my opinion longer term fixes aren't going to get much better than this - i don't intend to move house either. Only issue is that i'm four years into a five year fix with an ERC of 1% of outstanding balance (c£1,700) to pay from Jan 1st 15 months to wait to remortgage…
-
To remortgage or not?
Hi MoneySavingExpert forum, newbie first poster & I'm after people's advice and perspectives. I'm currently tracking the Bank of England base rate plus 1.5%, so I'm currently paying 1.75% on a variable rate. If the base rate does rise 0.25%, I can cope with that as I was and have been since my fixed-rate ended 6 years ago.…
-
Difficulty finding lender for a property
We have had an offer of 330k accepted on a property. Property consists of main house, an attached cottage and 10hectares of land. We need a mortgage of 80k. Purchase is hitting lending problems due to 1. 10k Retention recommended on home report due to damp work needing done. Found lender who is ok with this. 2 lenders tend…
-
FTB with Halifax
Hi. I’m sure this has been covered and I have searched and searched threads so I’m not covering old ground. But just looking for advice from anyone who has or is in similar position to me a first time buyer. Lots of the posts are quite old that I have found, so here goes I’m a first time buyer. I have a credit rating of…
-
Nationwide product fees
I have a (ported) Nationwide mortgage and a further advance from when we moved. (i.e. two mortgage accounts on this house). I am about to fix with Nationwide as the ported bit is 3m from changing to SVR. I am going to fix both products now as the maths works out. However, any idea if I will need to pay 2 or 1 product fee.…
-
Should Named Parties Receive Mortgage Statements?
This is more to advise a friend than anything else. Basically he owns 90% on a Buy to Let property which I have a 10% share in. For the sake of simplicity we bought the house for £100k and I paid my £10k immediately. I was aware my friend would be matching my contribution with the rest going on a mortgage. Whilst my name…
-
Taking over parents mortgage
I am looking to take over my parents property and remaining balance on the mortgage but with a new provider. Vaguely, the property is valued around 60-70k with circa 35k left to be paid. From a legal perspective is this likely to be classed as a straight forward buy and sell or something more intricate as gifted equity?…
-
Remortgaging early?
I owe £93k on my mortgage and the deal ends 30 April next year. I'm currently paying 3.3% and this was a 4 year fix. I'm thinking about potential rate rises and the historic low rates currently and I'm wondering if I might be best to leave my deal early and fix at a lower rate, probably with another lender? My ERC would be…
-
Pension Mortgage
This is going to sound ridiculous and is rather long-winded but please bear with me... My husband took out a pension mortgage 24 year ago for just shy of £33k. We received a letter on Saturday telling us that the mortgage term comes to an end next October, at which time we have to pay the balance of £33k. This has come as…
-
How long to fix ?
Hi Firstly I have to admit I have been very lazy and have put off changing my mortgage deal for many months if not years. Finally getting round to it. I am currently with Santander on a standard rate and have 17 years to go I rang them today to see what fixed deals they have as I was sure I would be able to pay less. Got…
