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End of Term & Overpayment
Hi, I have an interest only BTL mortgage with NatWest on a fixed rate which ends at the end of March. I assume to make an overpayment greater than 10% I need to wait until the fixed term is up despite being offered new products now? Will the NatWest products still be available to move to once I’ve moved to SVR (obviously…
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Nationwide DIP - Will they tell you highest amount to borrow?
Excuse my lack of knowledge, it's our first time selling a house and the DIP process last time was relatively straight forward. We will be looking to move this year, however will need to port our mortgage and borrow more with Nationwide due to being in a fixed term. One thing I cannot ascertain is if Nationwide will let us…
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30K deposit but car has suddenly packed up
Hi all - sorry if this is best placed elsewhere. My partner and I have 30K deposit for our first home after several years of saving. However, my car has broken down and repair costs are equal to its value. Do I deplete the fund and buy a secondhand but newish car outright, or get (hopefully) interest free finance which…
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Early repayment of equity release
Firstly an apology in advance if this has already been covered but I did search and couldn't find an answer. My father has recently died, leaving the house to my mother. They took out a small equity release loan a few years ago which is now worth about £100k. Does anyone know if this can be repaid to the company without…
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Nightmare mortgage search!!
I’ll try to make this as easy to understand but it is quiet a complicated story So my partner and I are FTB. My partner had an Iva settled in October due to court fees from a custody battle for his kids 6 years ago. We used a broker because of this and a few odd late payments on my file. We only needed 30% LTV but the…
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Mortgage after DMP
Hi all, My partner has been in debt management for a few years for defaulting on unsecured loans and has paid the off the majority of debt and has £700 or so left which will be paid off next week. She had a mortgage on a house with a ex partner which has just sold and released the money to finish paying off the debt and…
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Worrying about final checks!
Ok so have had fab advice/opinions on here before, so hoping I might get some sleep tonight instead of googling the hell out of this! Basically we have exchanged contracts on our new property (Friday 5th) and have set an exchange date for a weeks time. Our mortgage is with Halifax, we have satisfied all conditions of the…
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Remortgage to gift money
I'm looking for some advise please... We have a fully paid off mortgage for our family home. The property is worth about £270k and we intend to live in the house for few more years before downsizing. I am looking into an idea to take out another mortgage for about £220k and give the cash to my son to buy his first home…
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For info re Halifax mortgages
I have only just found out, and I'm not sure how aware other people are about it, so I thought I would let other people know about it. I have a fixed rate mortgage with Halifax, which is part repayment and part interest only. I can make up to 10% overpayments each year. I wanted to pay down the IO element of the mortgage…
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Married but applying for mortgage on own and based on expenditure for one person
I am married and looking to buy a property. My wife is currently registered as living with her mother while she completes her university studies over the next year or so. I want to know, if I apply for the mortgage in my own name, if it's possible for the mortgage lender to base the size of the loan they will give on…
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Mortgage help?
Hi all I'm new to this so bare with me, I have recently applied for a mortgage with my current bank to which was accepted until I was told yesterday that I have a unpaid credit card default back from 2009 which I had totally for got about, the credit card provider was also my current bank which I applied to would this…
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What to pay off - and when?
Apologies if this isn't the correct forum for this. I currently have three properties - property 1 has no mortgage and is worth about £70,000 (technically it's worth more, but I am giving around £50k of it to my mum); property 2 is rented out with a mortgage of £89,000 (property is worth around £130,000); and property 3 is…
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How much should I borrow?
So, I'm looking to remortgage my home and use some of the capital to pay off a buy-to-let mortgage, which requires me to borrow £110,000 on a house worth around £600,000. The Coventry Building Society are offering a discount rate of 1.64% for the duration of the mortgage, but will only lend 50% LTV - not a problem for me.…
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Mortgage referral West Bromwich
Hi, I’m looking at buying a second property which I will live in. I’ve got consent to let my current property. I’ve been through mortgage application process with West Bromwich and can borrow well over what I actually intend to. At the end of application I was told that mortgage needed to be referred to underwriter. I have…
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First time mortgage with CC defaults - please advise
Hi team. I'll keep this as brief as I can. I have two credit cards that are in default. They are with a third party called Robinson Way? They have been there for about 4 years, possibly longer. I've been making payments but the total balance owing on the both is just under 2,500. I've checked my Clearscore report and it's…
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HTB + gifted deposit
Dear All, Can anyone help me with my issue please, any commits would be great appreciated! Here is my current situation: 1. I have got an offer from developer 2. Got authority to proceed from HTB 3. Received official mortgage offer from the bank by post. 4. Both my broker and solicitor knows 100% of the purchase deposits…
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HTB ISA - can you add cash at the end?
Hi there, We have 2 Help to Buy ISAs opened to use jointly on a house deposit. We cab save more than the (joint) £400 pcm we can deposit in to the ISAs so my question is... When we come to use the ISA balance + the gov't bonus for our deposit, can we add an additional cash balance (that we have saved separately)? Thanks
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Stamp duty refund + buy to let
Considering purchasing a buy to let, whilst still in ownership of main property. Then selling main dwelling once the buy to let has gone through in order to emigrate. We then plan on renting for sometime and therefore will not be in ownership of a 2nd property. Can anyone advise me on if this makes me eligible for a refund…
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Purchasing parents property
My situation: good income, clear credit history, own a property already which I will not sell. My elderly parents mortgage on their own property is coming to an end with a balance of £44,000. The property value is £100,000. Rather than lose the house and be forced to put it on the market, they want me to purchase the…
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Consent to let - forgot to reapply
Hello I took out my mortgage in 2008. In 2009 I went overseas to work and applied for consent to let which was granted. I thought this was on a rolling basis for as long as I was overseas, but I now realise it was only for one year. I have been overseas since and the property has been let ever since. My lender doesn't…
