-
Adverse Credit Mortgages
Hi Looking to move home, have 1 CCJ over 2 yrs old and settled, 4 defaults registered over 2yrs and have been in a DMP satisfactorily conducted for the last 2yrs (paying the defaults through this). Good income and no payment issues over last 2 yrs (previous problems due to separation). Have 10% deposit for new mortgage -…
-
Engage credit and libor rate
Hi, I currently have a interest only mortgage that tracks the libor rate. My payment went up £20 in December a month. I have rang engage credit they cannot tell me how this is calculated or prove why it went up as far as I know libor has gone down slowly for years and never gone up. Has anybody any advice as to why this…
-
Help to Buy Calculator
Hi All, Sorry if this has already been asked and answered, I've searched but not having much luck in finding what I'm after. I have a help to buy equity loan coming up to 3 years old , interest free for 5 years. I'm trying to work out how much the monthly payments will be if I don't pay it back after 5 years? Is there…
-
Help to Buy - Landlord Details
Hello, My partner and I are thinking about using help to buy. I am currently renting from a private landlord and I really do not want to involve him in my application. In the registration form, it asked for my landlord's details and I gave them. Why do they do this? Thanks!
-
Mortgage Gift
Hi, I hope you can help me I am in the process of buying a shared ownership flat. I am being help with a 10k gift from my mother. I am quite far through the process and have only just found out the gift rules. I know I can receive a 3k gift a year from my parents, and if this wasn't used for the previous year I could have…
-
Incorrect fee details on best buy database
Hi How do I report incorrect fee details on the best buy database? I have done some searching on there and selected an appropriate product, but when I go to apply for that product it has a valuation fee which is not apparent from the BB database details. Thanks
-
Release of endowment funds end of mortgage
If you are coming to the end of your endowment mortgage, do some homework several months before. My mortgage was an in-house with Barclays and their endowment policy. As we all use specialists, be it a doctor, plumber or a finance "expert". I thought 25 years ago, I was talking to the right person. They painted a wonderful…
-
Who inform when re-mortgaged?
I have just completed my re-mortgage. Can anyone advise who I need to inform apart from my bank. I am thinking life and home insurance. Is there anyone else? Thanks in advance.
-
Renegotiate early
I am 3 years into a 5 year fix. There are currently better 5 year fixes on offer by the same provider. I assume I cannot renegotiate early, am I right?
-
Interest Only mortgage ending in2Yrs. Renewal requ
Hi, I have a 5 year interest only mortgage with nationwide which will be expiring in under 2 years. I wish to renew or remortgage for another 5-7 years.( Iknow that interest only mortgages are being discouraged and being withdrawn). I am 62 years old and my income has gone down since I took it out;its unlikely I would get…
-
Fixed rate or Tracker?
Hi all, any advice from the intelligent people here much appreciated :beer: I previously created a thread about which mortgage deal to change to, but I'm not sure how to find it. In any case, situation has slightly changed now - spoke to Natwest and they did a desktop valuation which increased the value of the house, so we…
-
Variable Rate Mortgages
A very generalised question admittedly.... But how risky are variable rate mortgage products, especially now? Of course, the B of E base rate is unlikely to go down again, but besides this, how regularly do banks and building societies change their rates? I have a mortgage application with a building society whose best…
-
Completion date for reMortgage - monthly vs daily
Hi, I'm currently moving to a new mortgage and the legal forms say: "We will arrange to complete as soon as possible... If your existing lender charges interest monthly would you like us to delay completion until the end of the month (or choose a completion date)?" I don't really know the pros and cons of this. I'm pretty…
-
spending whilst going through mortgage application
We are currently applying for a re mortgage with FD, we bank with them but current mortgage is not with them. Other halfs b/day coming up and want to go out for meal (which we don't normally) and I really want to buy a rug for the house that has been out of stock for ages and is now available! However we have the AIP from…
-
Mortgage applications and potential redundancy
I currently have a mortgage with Nationwide and have recently accepted an offer on our house and have started looking for a new house which will require us to borrow more money. At the moment everything is fine at work, but there are rumors of people may be made redundant. If at any point in the mortgage application…
-
1st time buyer advice
Hello, I am looking to buy my 1st property, but I was looking for some advice on income declaration. I have recently started a limited company in which i am the sole director and I am looking to put myself on a salary. I also currently work part time for my sister earning 15k a year. My question is really is it possible to…
-
First Time Buyer - Insurance
I'm going to be receiving a call in the next few days regarding insurance policies for our new house purchase. Completion is due in May but I'm unsure of what policies we actually need and what are optional. Different ones I've read up about include life insurance, building and contents insurance, critical illness cover…
-
Offset mortgage- depositing additional funds
If I apply for a offset mortgage with additional funds can I simply hold the additional funds in the linked savings accounts? this way I will have the money should I need it but it won't cost me any interest, any issues with this plan? I am thinking of building an extension but just not sure when ( or if I really want to…
-
FTC and only 2 months left ... mortgage?
Hi, I am working in a university and it's very common for researchers to have FTC. In my case, I started to work for current employer as a researcher from Dec 2016 for 12-month contract. Then in the last October, I got another 6-month renewed. Now I only have less than two months left to the end of current contract. My…
-
Which mortgage lender should I go to???
Good evening all, I am looking at moving house and buying somewhere more expensive. By doing this our loan to value will increase just that bit too far for most lenders and therefore we are not likely to get the home value we would like. Can anyone suggest the best mortgage lender to go to in order to obtain this? Thanks…
