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Mortgages and Ltv's, help appreciated!
I couldn't find any info on this so hence the thread and question! Is it easier to get a mortgage with a lower Ltv on my home? I understand I can get a cheaper mortgage with a low Ltv. Say I had an Ltv of 60%, would this be easier to get a mortgage from a lender than say a 90% Ltv? Thanks and sorry if this has been asked…
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Self build advice / finance advice
Hi I’m considering selling my house and buying an old barn with planning permission. The barn is uninhabitable as there are no utilities etc. and so I guess a self build mortgage will be required. I’m currently with Metro and so there will be an early redemption fee as I’m pretty sure my existing mortgage is not portable…
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Santander declined
I've had a mortgage with Santander for 10 years, made 4 late payments in 2013 after separating from husband, have sold house now and hoped to port mortgage so myself and new partner can buy a new build. AIP all fine, valuation on new house all fine then application went to underwriter who declined it on our joint credit…
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Remortgaging & Help to buy loan query
Happy Sunday everyone :) Just looking on abit of advice from people of this forum as I've seen some good replies in regards to this popular subject! Basically, myself and my girlfriend are 1 year into our 2 year fixed mortgage period with the following details to help you paint the picture: * Mortgage value: £145,000 *…
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Eligible for Help to Buy ISA if you've inherited a property?
I'm looking to buy my first home soon and my partner and I are trying to save for a deposit. I would like to set up a Help to Buy ISA for that purpose, but I'm not sure I'm eligible because many years ago when I was a teenager I inherited part of a property from a family member who passed away, which was sold immediately…
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pay of the mortgage what happens next?
I am thinking of paying off my mortgage. When I pay it of the mortgage what happens next?
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Help to buy questions
Hi, I'm looking into the Help to Buy scheme. I have two questions about it: 1. Are you allowed to have a lodger? I know you can't sublet the whole flat but is renting out one bedroom, while still living in the flat seen differently? 2. Are you allowed to make prepayments on your main mortgage (the one provided by the bank)…
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co-own land I want to sell the other no response
Please help, I am the executor of my late mothers land left to myself and brother, she died almost four years ago. I want to sell the land and have a buyer willing to pay more than its value, it joins his land. My brother said he would agree to the sale but has since, over 11 months, not answered any communications by…
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Gifted deposit
We are looking to buy an investment flat in my partner’s name. She doesn’t work and that reduces our options in terms of lenders. However, when my partners’ Grandad died, the inheritance was invested in a fund for 8 years by her parents, with my partner and 3 siblings the beneficiaries. The bond matured this year and my…
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Accord Mortgages- warning
We have been going through a broker to remortgage with Accord, 8 weeks ago we started the process, we have complied with all requests and there have been many!! All their application forms, 3 months payslips, 3 months bank statements, P60s, credit checks, Certified ID which costs us £10.50 per document, su:beer:rveyor to…
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Mortgage with a default
Hello, I posted recently about a small default that is affecting my chances of getting a mortgage. Apart from the default of £220 solely made up of bank charges my credit is clean, one missed payment on a contract and that’s it. This was a default back in 2014 but I had only found out about it in 2016, I called nationwide…
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Should I port my existing mortgage on lifetime tracker?
I have done very well on my mortgage deal which I took out in 2004; it is a lifetime tracker at 0.99 above BofE base rate, so for many years has been 1.24%. I'm buying a new property and the plan was to pay off the mortgage remaining (31k) then take a mortgage of £225k at 1.29% fixed for 2 years. However, as I'm remaining…
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2 Year or 5 Year Fixed Rate
Hi Folks, New on here and appreciate any feedback provided. My current mortgage deal is expiring and am considering whether locking in for a 2 year of 5 year fixed rate. What are peoples general consensus on interest rates over the next 5 years, are we better to lock in for a longer term at a slightly higher rate or gamble…
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Mortgage Interest Payment
Hi I'm on a fixed rate 5yr mortgage at 2.99%. I regularly over-pay my mortgage by whats available at the end of the month. I recently logged into my mortgage account online and saw that our interest rate added to our account varies each month. I assumed that as we are fixed, and I over pay, that this rate applied to what…
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Mixed use Mortgage
Hi all, I have sold my property and have agreed a purchase for another. The one i am buying is mixed use with a shop and an apartment behind and above. I would say the shop is around 25% of the overall property size. It is being sold as one unit with the freehold. I have a 25%-30% deposit for the property but am struggling…
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Bank Has Advised I Am Due A Refund On Redeemed Mortgage
I wonder if anyone can offer any advice. I recently received a letter from my old Mortgage provider advising that whilst I was paying my repayment mortgage on a tracker rate that the amount the bank initially advised I had to pay was not corrected when the interest rates dropped in 2008/2009. As such they have written to…
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Help
Hi guys, I have come to the conclusion that i have no chance of getting a mortgage! My credit is at 530 with multiple missed payments and a default what came on my fike just now! Also i am self employed! Are only just now is my partner she has 1 years books self employed putting 20k profit through her books? We have 25k…
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Freeholder demanding additional service-charge payment due to an error
Hello community :T The freeholder (MHS) of my mortgaged property is requesting additional service-charge payments. They allegedly under claimed on my charges due to a glitch in their 'system'. The letter does not contain information about the amount due or a breakdown of these outstanding charges. I have written to them…
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Stamp duty...first time buyer(sort of!...)
Hi wondering if people can help? About to buy a house and I own a house(currently for sale) and my fiance doesn't Can we put the property with just her name on the deeds and both our names on the mortgage to get around the stamp duty payment on the property? is that fraud basically or will the lawyers let us do that? Thank…
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Mortgage Protection Insurance For 2 ?
Just wondered if anybody knew if you'd be able to take out 2 mortgage protection policies ? It only gives the option to input 1 salary and job details, not giving the option of adding a joint policy holder or any alternative. Only worry is that I put the insurance under 1 persons name and the other gets made redundant and…
