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Had enough of my job & mortgage renegotiation is this year
I was hoping that our mortgage advisor was going to start scanning the market for better deals this month but he says it won't be until March (our two year fixed rate ends in June 2018), so I get I'm being a little impatient. I'd like to reduce my hours at work from 36 hours to 30 hours (I'd go down to working 4 days a…
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Building credit after mortgage completion
Hi all We are due to move into a new house at end of Jan. As part of the mortgage offer, we have to pay of all of existing debt. However if I pay of all the existing debt then I will be left with hardly anything for carpets and blinds. Although I will not risk the mortgage offer, just wanted to understand what could be the…
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I need help ref d w p new mortgage interest loans.
Hi I spoke to the company dealing with this two months ago. I was told I'd receive information and forms to sign if I still wanted the loan/help. Disabled and I'm Income related esa. But so far nothing. I rand e s a helpline. No joy they didn't have the details for them. Then I had a letter last week sating I had to send…
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What to do when original mortgage deal ends?
Hello experts, I bought a flat eighteen months ago with a 2yr deal, so it ends in June. I paid £195k when I bought, and compared to others in the local area, it would probably be valued now at about £220k (I haven't had a new valuation). My salary is 40k and in June, I will have about 145k left on the mortgage. I'd like to…
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First time buyer - Advice
I'm looking for some advice please. Myself and my husband are first time buyers and are looking to purchase a property we have 35K deposit and together bring in We recently spoke to a broker and he said the max we could offer would be 350K. We found a property for much higher but noticed the value had dropped so he advised…
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Can I be forced to sell?
Cant believe I'm having to ask this but need to get my ducks in a row. If my partner (we're not married) were to leave, would I be forced to sell the house? I would remain in it with our 3 year old I can afford the mortgage and all the bills on my own. I'm guessing (well, hoping!) that a judge wouldn't force me to sell my…
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Joint Mortgage
Hello, I'm new here and was hoping to get some advice on a joint mortgage. In a nut shell: * Current home/mortgage is solely in my husbands name (he bought it before we met) * We hope to get a bigger place soon, and would like to get a joint Mortgage * I have a personal loan of £9,500.00 which is a reconciliation of all of…
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Why was my post removed?
https://forums.moneysavingexpert.com/discussion/5766344 Just asking a question, why was it removed?
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Advice Short Term Mortgage or Buy to Let
Advice please for an awkward one - apologies !! Finance - I need a break due to personal circumstances. Future requirements stay living in Property or rent out potentially Looking to purchase a prooperty to live in and maybe renovate for 6 months then either live in it or rent it - After 6 months there may be a lump sum…
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Online Mortgage Advisor
Anyone had dealings with Online Mortgage Advisor? Background .... I'm looking to sort out my finances this year. Our fixed rate mortgage expires in June, Nationwide said I could look at securing a new rate from March onwards without paying an early redemption fee but I'm looking at ways to old outstanding debts which are…
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Helping my mother move away from an interest only mortgage
I’m hoping for a bit of advice/push in the right direction as I’d really like to help my 50 year old mother move away from her interest only mortgage. Issue: she has an interest only mortgage which is getting her no where fast, she still has £86k to pay and her mortgage provider doesn’t seem very reputable, in fact they’ve…
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Remove ex from mortgage
Hi, I am in need of some advice and hope people can help. Basically my ex and I separated Oct 2016. He moved out and I remained in the house with our 2 children. I have been paying the mortgage by myself ever since. We had an agreement drawn up by a solicitor that I have until the end January 2019 to get the house in my…
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Pay off mortgage vs deposit on new place
Hi! We have about £250k left on our mortgage, and have been overpaying on it each month. We're looking to move in the next 1-2 years and have just received some inheritance which could pay most of the remaining balance off. Are there any negatives to paying all/most of the mortgage off if we're planning to sell in the next…
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Second time buyers
Hi my partner and I have both owned houses before in previous marriages 3 and 2 years ago. Do we class as first time buyers again and are we eligible for shared ownership at all?
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What would you do?
We owe 135k on a 205k property with a term of 29 years. We are in our early 30s and looking to move to something around 250-275k in 2019/2020. Our current mortgage is with the TSB. 70k @ 1.73% (1.23% above BoE full term) 65k @ 2.14% (fixed till Aug 18). I’ve always said I’d keep the tracker as long as I could, but fixed…
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When Can You Repay Your Mortgage Penalty Free?
My mortgage is due to come off the fixed rate and go onto the standard variable rate in Oct 18. Does this mean after Oct 18 I can repay large chunks or the full balance of my mortgage penalty-free?
