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Mortgage / self employed problems
Someone please give me some good advice... I've been self employed for the last 7 years 50/50 limited company partnership. My business / personal accounts are both held with the same bank. We decided we wanted to move home and decided on buying a new property for £200,000 I sought advice from the bank as I needed a…
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HTB - Overpay mortgage or buy more %?
Hello folks, I own a flat with a 40% HTB equity loan and I have four years left until the interest payments kick in on that 40%. Fortunately, my salary has increased since I bought the flat and I have a decent amount of money spare at the end of the month. I should put some of this into the property but I'm not sure…
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Would anyone still consider a variable rate??
Doesn't seem much love for them at the moment, I've got two options Both offsets 2.09% 5 year fix £999 product fee ERC applies 1.84% variable for the term £999 product fee No ERC Normally I would go for the 5 year fix as it is only 0.25% away from the variable so effectively one rise away which is predicted in May, however…
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charged 1% more because I'm female
Hi In the 80's I had a mortgage with National Provincial BS and was charged 1% extra because I was a female. When I switched to Nat West Bank it was the same. Was this legal? Can I claim it back at all?
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Stamp duty for first time buyers
Hi all, So looking for a bit of advice, I’ve recently read that first time buyers can be exempt from stamp duty providing the property they purchase is under £300k. My partner has previously owned a property which she has recently sold and we are now looking to purchase together. Does anyone know if I’d still be entitled…
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Barn purchase, conversion and letting
Hi, We currently have a house and mortgage but we now have the opportunity to purchase an adjacent barn. It has planning permission to convert it into a four bedroom property. We would like to purchase it, convert it and then rent it out as a holiday rental (we live in a popular holiday spot). Can anyone recommend the best…
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How to find an old endowment with no paperwork.
Hi all, can anyone tell me how i can find my old mortgage endowment without any paperwork? Many thanks in advance, Kevin.
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Clydesdale Mortgage Process/Questions
Dear all, Long time reader, first time poster. We are selling our flat and buying a house. My husband and I have applied for a mortgage with Clydesdale via a broker. My husband is in full time perm employment and I am on a Fixed Term Contract paid via my companies payroll and receive benefits. My contract was a year from…
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Poor Credit Mortgage Application
Hi Guys, I am looking for some advice please. I am looking to purchase a new build property with my partner, within the next year or so. The development site will be finishing completion of all houses next year (2019) so the latest we will be able to purchase will be early 2019. My partner is employed earning £22,000. I am…
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DMP & mortgage query
Hi, Hiya. Hope everyone is well in DMP land. I currently have a Self managed DMP due to a bad patch we went through about 2 years ago. Debt is approx £20K. We have had a turn-around in finances, with both of us getting much better paid jobs, and free childcare kicking in shortly, so I am hoping to start putting money aside…
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Credit report reducing mortgage, out of date
we are in the process of buying our first house. Our decision in principle from the lender is much higher than the actual amount we need. We had debts which were paid off at the start of January. One of these debts is still showing on a callcredit credit report. This is significantly reducing our actual offer from the…
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Mortgage special conditions - credit cards
Hi, my boyfriend and I got our mortgage offer through on Monday 12/02, one of the special conditions is that we each pay off credit cards so balance is zero. One card of mine, and one of his. Neither are huge amounts and although we could do without having another expense, we’ll both be able to pay. My question is when do…
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Mortgage in three parts - cheaper to combine?
Hi, hoping that you wise people can give me a rough idea how best to proceed. We've got a mortgage of around £130,000 in three chunks - one is £80k, the second is around £30k and the third around £20k. Each one is on the SVR of 4.74% at the moment and all have 30 years left to make it affordable. Generally, would it be…
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Interest only mortgage - do I pay it off
Hello, very wise people. Wondering if any of you have a view on something for me! I have an interest only mortgage, of 55,000 (50% paid) and savings of 76,000 however I have no regular income, hopefully that will change over time, but currently not in good health. I have no dependants, and no one who will expect much when…
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Moving house with 2 months left on fixed rate!
Hi all, I’m after some advice. I’m in the process of moving house and I expect to complete the sale/purchase with just 2 months left on my 5 year fixed rate mortgage with YBS but they’re quoting £3600 to end the mortgage early! We need to borrow more money to purchase the new house but I’m not sure what is the best thing…
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Overpay and re-borrow later or save now?
Hi folks, My husband and I have 3 more years on a fixed-rate mortgage that we've been overpaying before we remortgage, and were thinking of borrowing more at that time to do up our kitchen/bathroom. We currently owe £136k on a £200k-ish value house (valued at £186k when we bought it). We've been overpaying by £500/month…
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2 yr offset or 5/10 year repayment
I post a thread yesterday about my mortgage and I'm still undecided. I can have a 2 yr offset fixed rate at 1.84% 5 yr fixed rate at 1.94% or 10yr 2.49% We have LTV of 25% and have 19 yrs left but hope to repay in around 10. We aren't intending to move. We save around £45 from offsetting but this money will be needed…
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First Mortgage loans
Hi Im looking at buying my first house with a 5% deposit. I know raising a 10% deposit is better but since renting Im just treading water trying to acheive this. My question is how much do loans affect a application? I currently have a loan with £2000 left to pay. I was looking at getting another loan to fund a car for a…
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Re-Mortgage on DMP broker advice
Hi i'm on a dmp which has 13 months left to run. After that i will still have 2 years of default notice on 1 of my debts (although settled) I know people say it can be done if using a broker. But going on line and tried it once who then tried to sell me further credit rating products. So was hoping if someone can recommend…
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Trying to calculate redemption penalty please
Hi I am likely to be changing my mortgage shortly and I am aware that I will incur a fee for closing this mortgage early, I am not sure exactly what the following means though and I'd really appreciate if someone could clarify for me as I'm trying to calculate exactly what the penalty will be. I have contacted my mortgage…
