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Additional deposit on house purchase
Hi all, help needed please! I am selling my house for 84k and buying another for 126k. I have 24k in equity in my current house, of which 19k will be used a deposit. My conveyencers have told us that we need to have a deposit at exchange that is separate to the equity on the house. They say that we can use our buyers…
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FReaking out
Left my husband. Got great deposit. Applied for £60,000 mortgage but I don’t have all the relevant paperwork ie p60. Also worried about bank statements in case I get rejected. Any ideas... please x
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Have a resi mortgage now under CTL, want to buy a new home
Hi, We bought a house about 2 years ago. For a number of different reasons, living there just wasn't compatible with a new job that I took. So two months ago, we let out the house, got a CTL from our lender and rented a flat very close to work. We don't intend to ever go back to this house and for some unfathomable reason…
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Do i need to inform my mortgage provider if i go self employed?
Please does anyone know if I need to let my mortgage provider know if i give up my job and become go self employed ?
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Joint mortgage application, one poor one excellent - pay my credit card or overdraft
Hi everyone, I would really appreciate some advice on the below questions please! My boyfriend and I are looking to apply for a mortgage in July this year and I have some questions as to how best to be ready for this. He has a credit score of 997 and mine is currently 523 which I know is poor. We have a deposit of £130k…
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Rateswitch help
this is following on my previous post which seems to have gone stale I have some figures if anyone could help to decide best option that'd be great please borrowing £57,000 15 years 5 year fixed £368pm (interest £9,307) 2.06% total cost £66,307 2 year fixed £353pm (interest £6,642) 1.49% total cost £63,642 (I FEEL THIS IS…
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Full time or part time is it relevant to mortgage application if moving away?
Hi, my bf and I are both first time buyers, he is currently "self employed" as a lorry driver and I work part time (30hrs) in a nationwide company. We plan on moving away from our current county to a county in the Midlands area, I will be able to transfer offices but would be automatically reduced down to parttl time 25hrs…
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First time buyer in debt
Hi, I am looking for some pre-financial advisor financial advice. I am currently indebted to the tune of £22k with a debt to income ratio of approx. 60% so was wondering if it is a waste of time seeing a mortgage / financial advisor yet or wait until the debt is clear. Just to give you a bit of back ground and my…
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First remortgage
Hi, this is my first time remortgaging, so is rather daunting! Looking for an experienced head to hold my hand.I've been thinking of remortgaging now, rather than waiting. Current deal: *figures rounded* 5 year fixed [ 3.39% ] ending in October '18. £286 p/m Amount = £52k ( £51.8k + £186 account fee ) ERC = 1.5% (…
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Deposit from a loan?
Hello & sorry if this has been asked before. I am a 39 year old male whos been renting privately for 5 years. I was relatively happy renting until I calculated that I have paid over £30,000 in rent over the last 5 years for a one bedroom flat. Also because I have a 10 year old son who stays on a weekend the flat is now too…
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Help! Full time carer now and time to re mortgage 🙈
Hi all I have recently become a full time carer to my son and my mortgage is due to run out in November and I know it’s going to be hard to get a good deal I have an fab credit score but weak on affordablity I think because I am trying to find out what I can do now to help me when November comes round to get a good deal…
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100% Mortgage Lender default protection
Just wanted to check this with you all and get your opinions. I took out a 100% mortgage in 2007, as it was 100% i was told i had to take out a £3k insurance to cover the lender against losses if I was to default. The 3k was added to the mortgage amount. It never really sat well with me but at the time I didn't really have…
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BTL remortgage product fees for current tax year
If I was to remortgage this month and the arrangement fee is £1999 and the early repayment charge on my previous mortgage is £3000, can I claim both these fees against rental income in my 2017/2108 tax return? I'm a basic rate tax payer. Both fee are solely the cost of financing a new mortgage for the btl. Thanks
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Buying a house with equity belonging to dad’s property?
Clear as mud, I know! So, the scenario: Dad bought a property for us to live in as tenants, as we weren’t able to get on the property ladder ourselves due to redundancy and property market crash. As much as we’ve tried to get enough deposit together to buy the property off of him, we’ve realised we’ve outgrown the house…
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mortgage and endowment help
Hi our fixed rate is up next month, we are looking now at taking it elsewhere, what are most people tending to go for fixed and for how long. We have a house worth £160k with a balance of 77K left on the mortgage. When the mortgage was taken out originally a endownment was taken out as it was a interest only mortgage, it…
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Equity release issues?
Hi My parents have an interest only mortgage of £30k - long story!!! The mortgage term ends this year and an IFA has advised going down the equity release route to repay the mortgage, plus they want to raise £30k of cash on top of that. They want to gift me and my brother some cash plus get a new car for themselves. After…
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Valuation Fee - Lloyds
We had a AIP from Lloyds in December. Based on this AIP we made an offer on a property which was accepted - offer was well within our MAX AIP. We have spoken with Lloyds re progressing Mortgage and have been advised that they may now not be willing to lend us AIP value on our current circumstance (wife on Maternity Leave)…
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Insurance Guarantee
Hello Advise please - I took out a mortgage in 1990 with Leeds Permanent Building Society. I was charged a one off fee of £954 for Insurance Guarantee. Does anyone know what this relates to? Was this charge appropriate/legal? Now that Leeds do not exist, who can I contact for more information? Your help and advise will be…
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Beneficiary on Death
Hi, I wanted to know who would be the beneficiary to my property in the event of my death. I own my property and have solely paid the mortgage for 22 years. I own 50% on a DIYSO scheme. I am part repayment part endowment and have 9 years left on the mortgage. My husband to be has lived in my property for 1 year. We will be…
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Now what? - 2 year fixed rate ending on H2B mortage
Hi, Advice appreciated please !! :) It's nearly 2 years since getting my first mortgage with the Help to Buy scheme. I am on a 2 year fixed rate mortgage with Nationwide which is soon coming to an end, so now what? House value 220k, borrowed 44k with h2b on a 40 year mortgage! - only 38 more years to go!!! I obviously want…
