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Down valuation - can we switch mortgage providers?
Myself and my partner have had an offer accepted on a house - I am a first time buyer and he is selling his first property. The house was on the market at £250k and we had an offer accepted at £245k. We currently have a joint deposit of £37k. Nationwide has down valued the property to £235k citing damp in the single brick…
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Remortgaging with negative/little equity
Hi, this is my first post in the forums. I wonder if anyone could help. I stupidly took out a Northern Rock mortgage 11 years ago and I have paying interest only throughout that time. Why I have not changed to repayment I do not know, I would love to get out of my deal and remortgage and start paying the mortgage back. The…
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Chances of getting a Buy to Let morgage?
Hello again, It doesn't look like we would be able to get a regular mortgage based on our low income for the area we live in. Would it be worth aiming for a Buy to Let mortgage so we could buy somewhere cheaper, rent it out, then move in/sell it when we 'retire' so we have somewhere to live? At the moment we (a couple)…
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Can I reduce the term of my mortgage mid-deal?
Hello, I'm due to hit the 10% over-payment threshold this year and wanted to know if it's standard for a mortgage provider to allow you to reduce the term of the mortgage mid-deal so that I can increase the amount I'm paying off each month. I'm currently have 35 years left to run, so decreasing the term to 25 or even 20…
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Remortgaging advice
Any advice from the knowledgeable people here about mortgage options would be most welcome! :beer: Currently with Natwest – lived at our house for 4 years, house value is £225k, mortgage is £170k, currently a 2.2% (I think) fixed rate at £850 a month. Deal comes to an end in April 2018. My boyfriend does not currently work…
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Mortgage for Limited Company worker?
Hello, Me and my spouse both work through our limited company. We get paid a salary and then dividends from the Limited Company. We are the only shareholders and directors and we split it 50/50. I'm just wondering how the income is calculated when applying for a mortgage. If the limited company generates £50,000 but after…
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First Mortgage
Hi Everyone. I've just bought my first flat :) I was due to complete on 1st December 2017 however by 28th November it was clear this wasn't going to happen. It was delayed by a couple of weeks. I signed mortgage papers at the solicitors on 4th December and I completed on 14th December. Yesterday my first payment came out…
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Will adding me to the title deed a) financially link me and b) affect my DMP?
I'm getting married next week, and have a query about the house situation. I've lived in his home, which he owns outright, since he bought it in August 2015. We've treated it as our shared home ever since, and when he lost his job I've been paying all of the bills etc myself for two years. However... I'm on a DMP with…
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Release Equity to Buy Out Husband
I am hoping for a little guidance - this is a very new and difficult situation for me. My husband and I have decided to separate. We moved into our new home last spring and both names are on the mortgage. We have about £60k equity in the house and I can comfortably afford the mortgage payments myself. I want to do right by…
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AIP and change of circumstances
Hi Guys, A question probably well suited to the very knowledgeable brokers... I have obtained an AIP with Santander and unfortunately for me the property I was offering on has now been sold to some other lucky person. Do I need to do anything such as call Santander and amend the AIP as I will now be looking at a different…
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Mortgage with 5 year old default
Hi and thanks in advance for any advice given. My partner and I are looking to buy a new home. We have about 30k equity in our current home which is solely in her name, as (when we bought it two years ago) we could borrow off her salary alone, allowing me to save into a help to buy isa and improve my credit rating. I have…
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UK Expat in N. America needing Buy to Let mortgage in UK
Hi I'm looking to get a buy to let mortgage on my UK property but I now live in Canada and while my mortgage is quite low I'm struggling to find options. I've spoken with lots of lenders that won't event consider me. I've spoken to a couple that will but their rates are really high and fees are too. Any advice? Thanks
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remortgage-legal bit
so i will be remortgaging for the first time, i am looking into whether to use a broker or not, but the end of my fix isn't for quite a while, just getting my self prepared. Do you have to get a solicitor yourself? or if the legal fees are included do they sort out the solicotor?
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Sell & Buy with Help to Buy
Hi First time post so I hope I have gotten this right! My husband bought his property using help to buy and we would now like to buy something bigger together. We would like to use help to buy again (its pricey where we are and this would enable us to purchase a 3 bed house we could make our long term Home). The mortgage…
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Any Brokers noticed any rate changes in 2018?
Have any of you noticed any rate changes in 2018 yet? :eek:
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Mortgage on a widow's pension
Hi, I'm in my early fifties and am in receipt of a pension from the armed services. (It comes in two parts - half for myself and half for my daughter until she is 21. She's 15 now) Four years ago I took out a small mortgage (60k on a five year fix at 2.79%) (I worked in a low paid job) and my monthly mortgage payments are…
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HTB equity loan, FTB & some adverse
Hello, My wife and I are considering buying our first home this year. We are going to use the HTB equity loan scheme as there several large nearby developments. I have completed and received several "applications in principle" (soft searches only) with Halifax, Lloyd's, HSBC and COOP. I realise a manual application is…
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Applying for a mortgage - credit card balance
Hi all, My wife and I are looking to buy our first house and are going through the process of getting our deposit together and looking at what we might be able to get in terms of a mortgage. I was hoping to get some advice on how credit card balances could affect the size of the mortgage we could qualify for. We have a…
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Mortgage Extension
Hi all Looking for some voices of experience here. We are looking into extending our mortgage to cover some other expenses, but I have been reading that they might ask for "proof" of what you are spending it on. I'm wondering how likely this is, and what sort of proof they are likely to want, as right now I'm not 100% sure…
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A very long shot
Hi, I really know that this is a very long shot, but it is always better to try and fail rather than never try at all. The long story short: I'm an EU citizen living and working in England for nearly 2 years now. Both with my wife are working for more than a year at the same place. We have decent (and as stable as they can…
