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First time buyer mortgage - help!
Basically I am looking to buy my first property and have seen a new build property I like. The value of the property is £139,500 and when taking into account the deposit I have and the loan I can get from the government under the help to buy equity loan scheme I require a mortgage of 100k. I am in full time work earning…
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Remortgaging dilemma
Our 5 year fixed mortgage is coming to an end, however, we are looking to put our house on the market in the next few months. As this is the first time of having to remortgage I have the dilemma of staying with the SVR rate for what could be anything from a couple of months to god knows how long, or looking for another…
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Remortgage when house is up for sale
Hello all My house is up for sale. The current mortgage 5 year fix with Natwest comes to an end in May, when it will go onto the SVR, unless I lock into another product with them (I assume, I have yet to hear from them, and intend to call them soon to find out). My question is, can I remortgage with a different lender…
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Mortgage Advisor
Had a meeting last night, went through everything. Said no point in obtaining a DIP yet as we will be able to access any deal? I wasn't expecting that to be honest - what if they are wrong? Or do advisors have such a good idea re incomes/expenditure that she can afford to be that confident. thought please. Thanks x
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Deposit and 2 year vs 5 year
Hi! Couple of questions; 1) We have been to a mortgage advisor and been shown 5 year fixed term mortgages. Which we were fine with because we don't know [STRIKE]anything[/STRIKE] very much about this stuff. However, we've now had someone who has had more experience in house buying say they would always recommend a 2 year…
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Move to higher
TL;DR: I am considering moving to a place with a higher salary and higher cost of living, however we would personally experience a lower cost of living for as long as my partner can live with the in-laws. We own a property here which would not make much if let out. What would it be like to remortgage from abroad? I bought…
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Top up / second mortgage with different lender
Hi everyone, I was wondering if it was possible to get a top up / second mortgage with a different lender. I've had some conflicting information about this. Our situation is we're moving house, but we have a 5 year fixed term mortgage (didn't anticipate the move due to job relocation), which we're 2 years into. The house…
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Help to Buy ISA question
Hi all. Me and my partner are FTB currently looking for a house, we have been saving up and putting the max £200 into our Help to Buy ISAs. We have got enough for our deposit and would like to use the next few months to save up for the solicitor fees. I would like to know would us stopping paying into the HTB ISAs have any…
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Endowment questions
We took out a mortgage endowment with CU (since subsumed into Aviva) in 1994. This was a mistake, of course, and we've since switched all our mortgage to repayment so the endowment is just savings. As it's coming up to maturity (November next year) I'm trying to estimate what it will be worth, using the letters we've had…
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25 year mortgage about to end help needed
OK long explanation. Our mortgage of 25 years comes to an end towards the end of this year, when we will have to repay approx £100,00. 2 years ago our life endowment policy was ended by Phoenix Insurance (not originally with them but numerous acquisitions they ended up with it). The reason for ending it - they had had to…
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Deposit For A UK House (Working Abroad)
Hi all, It's been a few years since I've been here and you'll see from my signature my past has been quite a journey! Currently we are in the Middle East. Debt free with a pot growing of long term savings (something I thought I'd never be able to say!). We are giving thoughts to coming back to the UK in the next year / 18…
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Platform remortgage and change of circumstances
Hoping for a bit of advice. Our fixed rate with Platform comes to an end in December. I’ve been offered a really good redundancy package and this would mean I’m not earning when it’s due. I’m planning on taking some time off to retrain (we also have a baby on the way!). The house value is around 240k and we’ve been…
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Choosing the Right Broker
Hello, I'm fairly new to this site. Any tips on how to choose the right broker? Myself and the husband have a fairly complex case (poor credit history) No CCJ's , or bankruptcy. However I had a few unsecured defaults registered back in 2012/2013. Most of which will leave my credit file this year. Not to mention the default…
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Preparing Bank Statements for a Mortgages
Good Evening All, Me and my fiancee are in the process of preparing our bank statements for when we apply for a mortgage. At the minute, I'm putting £650 a month away mininium into a seperate bank account(House Saving Account) via standing order. The only bad thing about transferring this money out of my account is by the…
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Re-Mortgage due to health issues, Interest only.
Due to a long term illness I need remortgage advice. I am coming to the end of a 5 year deal with Santander and need to go interest only as I can not work, and I have been between ESA and JSA benefits for the last 5 years. I spoke with Santander a few years back asking if I can change to interest only and they refused…
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Self-employed 1 year accounts mortgage woes
Hi all, Just wondered if anyone else has been in the same situation as me. To cut to the chase (if you can't be bother to read my ramblings below) I wondered if anyone has a mortgage that is self-employed and only had one year's accounts and if so, who their lender is. I have been the director of a limited company for just…
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What happens if mortgage refused?
Hi Me and my partner are looking to apply for our first mortgage but in the past our credit files have some little bumps in the road should we say. We have met with an independent mortgage advisor who has said to apply and see if it gets accepted, she feels it should. But should it be rejected is there a period of time…
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Mortgage Advice Pleas
Ok so I’m looking for some opinions please. I’m looking to Re-mortgage in the next couple of months but I want to know if the following will be a problem. My credit rating in general is “Excellent” The last few months my short term (credit cards) debt has increased quite a lot due to a mix of The mrs being on a reduced…
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Mortgage advice on guarantors assistance
Hi, Just after some advice, my parents are desperate for me to move closer to them with my family. I am aged 36 and have 100,000 equity in my current home and earn 40k per year. There are new houses being built by my parents and a plot in particular we like is priced at 355.000. A mortgage advisor says I will get a…
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Remortgaging and Lifetime ISA's
Hello, this is this is my first time posting here just so everyone is aware. I am planning on buying a home for myself, with my girlfriend paying rent. She currently has a Lifetime ISA that won't be ready until this time next year. My question is if I were to switch mortgages in two years time (assuming I have a 2 year…