-
Remortgage now or later?
Hello, I have a flat that has a 3 yr deal with Virgin Money coming up for renewal in Jan '19. I would have to pay circa £2500 in an ERC if I were to remortgage now. I have seen many news reports, experts' opinions etc saying rates will rise at least 1.5 to 2% this year. There are some pretty good BTL mortgage deals out…
-
Moving House and debt
Hello, Moving house and Consolidating debt the same time need to lend approx 81000 to do this. 55000 to pay off current mortgage 18000 Loan 1 7500 Loan 2 Do lenders allows for this?
-
Halifax late mortgage payment
Hi, I have a mortgage with halifax and realised in November that a payment had bounced. I rang up and was told by a automated message that the payment would be retaken in 10 working days. I was given no warnings about the affect this may have on my credit history or an option to pay then and there with a debit card. The…
-
Staircasing or buying outright?
Hi. Just after a bit of advice really. I own 35% of my 3 bed house, and would like to either purchase further shares, or try to buy a property outright. I have a good amount of equity built up after a recent valuation (50k) and wondered if anyone has been in a similar situation, and gone on to own their own home? Thank…
-
Do buyers inform when they are 'happy' with surveys?
We haven't heard anything from our buyers about the survey results. We have chased the estate agents who say they haven't heard anything. Just wondering if no news is good news? What do buyers on here usually do? Only contact the estate agent if you intend to pull out or want a price reduction?
-
Mortgage broker fees?
Hi After some advice. I’ve only had my first mortgage for 2 years and the fixed rate is up next month. I have been speaking to a mortgage broker/specialist in our local community and she said she could start the process off for me and find me the right deal. Her fees are not all £495 but as a community member in our area,…
-
Mortgage with NatWest
Hi all, Just writing here as I wanted to hear from you about my husband's latest mortgage application and what you think He applied via an independent broker for a mortgage with NatWest (sole application), for a fixed 5 year and a 90% mortgage . They went to do the valutation and they are happy with the house so now it's…
-
New tax on endowments
The Daily Mail is carrying a story that the Chancellor has introduced a new (stealth) tax on savings policies such as endowments. As I have kept up my underperforming endowment policy for 24years now, this would be a concern. Is there any truth in their story?
-
Conveyancing searches
Hi there, I recently updated our lawyer about the progress of our mortgage application and I asked about the searches being carried out. He said that the searches are done after missives are signed. Surely that can’t be right or am I missing something?
-
Advice on Right to buy mortgage.
Question Looking to do Right To Buy with mother as it's her property, Do we both have to do the Mortgage finance ? or can I do it alone ? as technically i'm buying it but because its her tenancy she has to be on the paper I have been told.
-
Mortgage Rates and Help to Buy ISA
Hi all, So I've hit a pot hole on my journey to buying my first house. Hopefully it's not a major obstacle and just need to get clarification. If I'm looking to buy a property that costs £200,000 and I see a mortgage rate of say 2.25% (multi-year fixed) that requires a minimum 20% deposit, am I allowed to count the…
-
Remortgage/release equity to buy new property
Hello, looking for a place to start... I inherited a property from my late grandparents and have no mortgage, title deeds in my name and have been now for over 2 years. My partner and I are looking to buy a bigger property but I’m keen to find out my options re. Renting out my current property. Other flats in the area can…
-
Mortgage with one employed with income, one medical student
I’m looking for some advice/feedback on the possibilities available to us as it’s proving difficult coming to any conclusions ourselves. We are a couple, one employed and entitled to a £110k mortgage, the other is a student. As one of us is a medical student with no income bar student loan/family contribution, a joint…
-
Mortgage transfer
I'm about to transfer my mortgage between banks and have co-ordinated this through a mortgage broker (famous national one, no fees payable by me) Our discussion was that the early redemption charge would be added to the mortgage and i would separately pay the arrangement fee so the new mortgage would equal the redemption…
-
On Benefits, Can I Get A Mortgage
Hi, I currently own my own home outright. I am on Benefits, but I am looking to release about £60000. The house is worth approx. £220,000. I am receiving Pip at the higher rate for both parts, and ESA. My wife receives Tax Credits and Carers Allowance for me. I am guaranteed Pip for at least 5 years. But I would want a…
-
Halifax arrears fees refund
I received a letter from the Halifax last year re my mortgage, which is now paid off, saying they were refunding 'some' of the arrears fees charged between 2009 and 2016 when I was struggling to pay my mortgage, and I duly received a cheque. I've had another letter today saying I may be entitled to another payment re…
-
Consequences of switch from residential to buy to let mortgage?
This is my situation......I have decided to buy a family home to keep it in the family etc, I have just switched jobs with a promotion. Now I am not wanting to buy the home, I still live with parents as re-building my career, all is going really well but this purchase has came slightly too early for me, but I am willing to…
-
Loan secured on House
Hi All Genuinely posting this seeking advice for a friend. About to get married, wife to be has spending issues and is currently circa £21k in debt. £5,500 on one credit card (credit limit £5,000, been over limit for 4 months, he has now taken out £500 loan to pay off the over limit), £7,000 on another credit card and £7k…
-
Is this advice correct?
Hi Reposting as got wrong board! Recently got some mortgage advice through my union and it is depressing to say the least. They are saying that with our joint commitments we could only get £50,000 at best which is clearly neither use nor ornament where we live, even for shared ownership. I have a good job and my partner…
-
Non-supply of contract or T&C's
I took out my mortgage in 2000, they sent me a welcome pack but no copy of contract or T&Cs. It was my first mortgage and naively I didn't notice at the time. In 2011 I had reason to ask for both, they sent me an offer letter. I asked again, they refused. I repeated this process in 2013, still no joy. I have reason to…
