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Mortgages & endowments

Archives for December 2017

Declined for decisions in principle with some but not all
Hi there, I have had an offer accepted on a house which I hope to move into shortly. In order to prove my finances I have applied for a decision in principle with my main bank account provider (they are not competitive and I don't wish to proceed with them). I have since found the deal I want with another bank (I also have…
Renewing mortgage while having a number of credit cards (used properly)?
I asked in the credit cards forum but really i suppose this forum would've been better for this question. November 2018 is when our 5 year fixed rate is up. We like the certainty of a fixed rate so we'll probably end up locking in for another term although whether the duration is 5yrs again or not who knows. I've made some…
interest rates
Hi all, we have been approved for a mortgage and everything is going through smoothly but i have to decide on what fixed rate I would like. If i want 5 years i'm looking in the 4.74% range meaning payments will be around the £820 a month If i go for 2 years i'd only be on 4.04% and payments would be around the £740 a month…
Share save and car allowance on Mortgage Application
Hello Folks, I receive a decent car allowance..does this go under bonus or combined with salary on a mortgage application. I also contribute a small amount per month to sharesave scheme which goes from salary...does this need declaration as an outgoing. Thanks in advance
Section 106 Margate and discharged bankruptcy
Hi Can any of you tell me if any of you have managed to gett a section 106 morgage as an discharged bankruptcy of 8 years . I have a 5% deposit as well . What company’s may take this on ? Who is the best person to go to Any advise would be great Thanks
Could my son buy half my house?
My son lives in my house - his rent covers the mortgage, etc. I've had a mortgage for years, owe about 38K on it. I live elsewhere, I'd like my son to get on the property ladder but he couldn't afford it. Would it be possible for him to buy half the house? A half share in the house he lives in? Could we be co-owners? How…
Second mortgage post divorce
Hi all, I have to apologise in advance for this not-so-festive thread, but over the last year I have found myself in a very difficult situation and it is proving difficult to move on with my life. In December last year me, my wife and our two daughters finally managed to save up enough money for a mortgage deposit and we…
Mortgage brokers
My current BTL is up for renewal on 1st of April, I am hoping to remortgage and release equity isit best to stick with current provider or use a mortgage advisor? If so how much do they charge generally. Thanks
HTB Question
Hi all, This is probably a really silly question, but if I am looking at buying a house using 5% deposit, 20% HTB equity loan, do I include both as my deposit when looking at a lenders mortgage calculator? So if I were looking at a 100k house, do I say I have 25k deposit? Thanks
Paying off someone else's mortgage...pitfalls?
I am due go inherit a sum of money next year. I had originally thought I would put it towards a deposit for my own property. However, circumstances have changed and I am considering paying off a relative's mortgage as they rather unexpectedly are no longer able to work and will probably never be able to again. I don't want…
1st time mortgage searchers, worry of course
Hello all! My wife and I are currently on the search for our first mortgage. My current annual is c £42600 and hers being around 6500 (PT) Having looked at Halifax with our 30k deposit we could hit the magical 265000 we are after with their AIP Yes NatWest worryingly offer only 102000. How can they be so far apart? We’ve…
Forward planning with the mortgage...
Hello :) First post here so I'm hoping I've put this in the 'right' part of the forum. A little background: I'm 34 and after living with my parents whilst saving bought my first home (a one bed flat, 33 sq m in total!) for £119,000 in summer 2016 (I did my homework and for the area I live this is reasonable). I have a…
Remortgage or go to variable
Hi folks, I'm after some advice..my current 2 year fixed deal is due to come to an end in Feb but im looking to possibly try and sell my flat and therefore list it in January. Should i remortgage to another fixed deal but run the risk of paying early repayment fees if and when o sell; or should i let my existing product go…
DIP: LTV calculation - Can you factor in HTB equity loan?
Hi all I applied for a mortgage in principle with Halifax and got accepted. However they have based it on an LTV of 75%. This means that I would need to increase my deposit to fall within the terms that they have given in the DIP. I don't want to do this since I'd need to reallocate money from e.g. stamp duty fund/other…
Urgent advice needed
Hi guys I’m going to see a mortgage broker this Saturday to start applying for a mortgage, what’s my chances in my scenario details below I had a payday loan 2 years ago and another’s before that I’ve a few credit cards total value £22k outstanding is about 3k No missed payments at all no loans no HP and no customer…
Can we get a mortgage?
Hi, We really don’t no where or who to ask. We live in a property which my partner has 90kish left on the mortgage. My partner is employed earning 45k, I am self employed. Where do we stand when it comes to getting a mortgage together?.. we are looking to sell our property and get a larger one. Any input would be…
Ftb needing help!
I am a 45 year old Ftb with a salary income of 20k and other income of 30k(dla/child tax credits etc) and have just been approved for a mortgage in principle with my bank. Unfortunately instead of using 50k income they have capped the other income to the same as my salary giving a lower figure of 40k for the calculation…
Desperately Need to remortgage but thinking of moving?
Hello, I’m brand new to the forum...and looking for a bit of advice. We have an old northern rock mortgage that was bought out by landmark. I’m pretty sure we’re paying a lot (mainly because people keep telling us we are). We want to remortgage but hoping to move in the new year. Is it still worth remortgaging? I’m just…
First time buyer stamp duty
Hi I just wanted to know if I would qualify for stamp duty relief. I am buying a house on my own. My husband owns another house with his brother but has never lived or benefit from that property as his brother decided to live there once they bought it. My husband is not going to be on the mortgage or the deed. I will be a…
What are my chances? Santander appeal
Hi all Recently applied for a Santander mortgage. 69% LTV, DIP accepted and sent to full application. Went to underwriters but it has been declined due to affordability. I believe this is because my credit report still shows that I owe debt (loan, credit card etc) despite me paying it all off, completely clear, a few days…

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MSE News

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Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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Base rate held at 4.25% – here's what it means and when it might be cut next
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
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Mortgages & endowments

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