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Mortgage Affordability
Been renting for ages now... prob 10years (since uni!) Now we have saved and been fortunate enough to be gifted some money too. As I have been doing some googling and mortgage calcs... I see that monthly repayments seem higher than I thought. in fact, more per month than our current rent. Now i understand, that at least a…
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Why take fixed if you can switch at any time
Hi all, If variable mortgages offer better interest rates and you have the opportunity to fix at any point why would you choose a fixed rate to start with? If the BOE decides to up its rate do you have time before it comes into force to switch to a fixed deal before the lenders put their rates up? What this doesn't account…
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Mortgage offer about to expire
Hi All, Just wanted a bit of advice. I have been in the process of buying a flat leasehold for just over 6 months and the mortgage offer is about to expire (it's already been extended). The solicitor assures me we're very close to completion but I'm not sure it will all come through in time. Some of the delay has been down…
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Remortgaging to clear renovation debt
no longer relevant
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Using a loan to pay mortgage deposit
Hi My question is we are looking at help to buy. Has anyone used a loan to pay most or all of there deposit or anyone know of any lenders that will accept this as a form of deposit. We recently took out a loan to get married but the landlord where we are renting has just told us he wants the house back and given us 2…
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Advice on payment term and op ?
Hi guys At present I have a mortgage with Halifax £34900 on a £100000 house (this valuation was prior to the orangery i had on the back and double story side extension) I have looked online as my fixed rate is up in 3 months and I want to try to fix in asap. Initially I was thinking of reducing the term from 7 years to 5…
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Remortgaging for building works - brain is totally
Hello! So, we are currently in a fixed mortgage with two years remaining. The mortgage is about 220k. I’m trying to work out how best to create more space at home. If, in two years, we remortgaged - how would we go about taking money out of the house to pay for an extension? We bought the property for 320k and it’s worth…
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Nationwide
Anyone a discharged bankrupt and got a mortgage with Nationwide? I’m 5 years discharged and 6 years post bankrupt.
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What are the downsides of an offset mortgage?
So we have ended up in the fortunate position of having the option to pay off our mortgage, but before we do so are considering an offset mortgage. There are a few reasons: 1. Completely paying it off would leave us with no savings, so some mortgage would be needed anyway as a safety buffer. 2. We have no other debt, but…
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Remortgage to a Fixed Rate Now?
We have a good standard rate after our initial 2yr fixed ended - 1.99% over base. 17 years and less than £87k remaining. LTV is about 25%, maybe less. We have a large amount saved up but don't plan to overpay - we're maxing out the best savings rates and plan to pay for some home improvements. Plus I enjoy the flexibility…
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HBOS mortgage help.
We have had our HBOS mortgage since 2008 and been on 4.95% interest since 2013. I didn't think we would get a remortgage while we have the debt so never looked at it. We have never missed a payment so everything is up to date. I've been on my halifax banking today and looking at the mortgage. It looks like we could just…
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Shared Ownership Plus Staircasing Scheme
Does anyone have experience of share ownership plus? It's a scheme where you can buy 1% of the value of your property every year for 15 years at a fixed price (fixed at time of first purchase and no increases in line with property value, no need for valuation) with no fees. I own a 70% share of my flat. I'm trying to…
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First Time Buyer - Mortgage Advise - 90/95% LTV
Hi All, Looking for some advise, I am looking to buy my first home after getting finances into shape. basically this is where I am at: in a relationship with one child my mrs isn't working as little one is young. so I am sole earner. on 39k a year all debts clear apart from one loan with my bank, which has 6 payments of…
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New house purchase with 2 part mortgage
Hello! With the interest rate news last week I'm wondering whether the Scottish Widows mortgage that has been agreed, for a new house purchase likely to complete end of March 2018, is the best thing to do - I've only just realised this which is a bit late but not too late I hope. The new mortgage would be in two parts, the…
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Retention question
Hi We just bought a house and before buying we had to do the usual surveys - damp, timber, roof, structural. We got recommendations back on the damp and roof surveys which totalled £7000 which then went against the house as a retention. Since moving in to the house we got a second opinion on the damp and he has said we…
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Mortgage broker recommendation
Many of you have said you have found great mortgage brokers, so can you pm me the name of who helped you get your mortgages please? Thank you :)
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Remortgaging with a partner
Hello, I am currently on a 5 year fixed rate, the house belongs to me and my partner however on paper the house and the mortgage is just mine (due to partners poor credit history). When the fixed rate finishes and the time comes to remortgage, credit score allowing we would like to get a mortgage together. My partner will…
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remortgaging a buy to let
i am unemployed due to sickness and not resident in UK anymore...i have 2 buy to let properties....1 is paid worth 250k another is worth 180k the mortgage is 129k is it possible to mortgage a buy to let paid house to repay another mortgage?? i live in spain now....and i dont expect to come back...spanish banks dont do…
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First time buyer after bankruptcy
Need some advice please guys. At the end of this month I will be free of bankruptcy and it will finally drop off my credit report. Then I’ll be looking to buy a property as a first time buyer. I am considering a new build property but am getting confused. I work in sales and last year earned in the region of £43300 with…
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Mortgage after bankruptcy
Hi all! Has anyone had a successful mortgage application after being a discharged bankrupt of 5/6 years please?? Thanks
