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Not taking interest out of account
Hi, As title, this is a weird one I have had a mortgage for a while and all has been well then all of a sudden no interest is being taken from my mortgage, Bizarre or what. I just happen to log in and have a look for no reason as just out of the blue and they haven't took any interest off just for the the end of this month…
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Overpaying to reduce ERC
So, some quick background. I have a 5 year fix with Santander due to end Dec-18, it is seeming likely that I will be moving before this ends and will temporarily be moving into rented accommodation so porting the mortgage isn't an option. So I have accepted I will be paying an ERC, to make it less painful I am planning to…
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Proof of Deposit and Bank Statements
I am in the process of buying my first home with my partner, with a purchase price of £243,500. I had a DIP from Nationwide and today had an offer accepted, but I have a couple of potential concerns. Early last year the company I work for was acquired and I am a member of an EMI scheme. There was an initial consideration…
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remortgaging - DIY or advisor?
What do you choose to do?
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mortgage advisors in scotland
What sort of fees can you expect for remortgaging?
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Re-mortage question - change of names
Hi I'm potentially looking to take over the mortgage on our house in a couple of years. My partner put up the deposit at the time of purchase as I had large debts at the time, and it's currently only in her name. So I'm looking to equalise things financially by paying off my half by becoming the sole mortgage holder at the…
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Daft question?
Even though it’s overdue, I’m guessing that just before you apply for a mortgage is NOT the best time to switch energy suppliers/haggle mobile contracts etc? I know we are spending more than we should be but changing anything now would a) imprint on credit files and b) lock us into contracts that would then incur…
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Re-Mortgaging with Bad Credit and credit card debt
Too cut a long story short. On the help to buy scheme. House Value £275,995 HTB Value: £54,999 Mortgage £195,500 Deposit just over £20k Lived in the property for 2 years now and our fixed rate is coming to an end with Halifax, we haven't managed our credit well and I am looking at the best way of reducing my credit card…
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Uk mortgage for overseas property
I have a property overseas, Dubai, I would like to refinance using a uk lender, does anyone know anything about this? I believe it’s now possible but struggling to find information. Thnks.
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Online calculators - room for negotiation?
Hello. Me and my husband already have a mortgage, but now looking to sell our house and buy somewhere bigger. I've been entering our salary details into online calculators on banks' websites and found quite varied results, for example, I have found Santander to be 20k more generous than our current lender. We would ideally…
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Costs of mortgage advisor
Hi I have just been quoted the following: £99 on DIP £295 on offer Does this sound reasonable? Many thanks
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People who end up with nothing after 30 years
Listening to you and yours on the radio today about people who have reached 65+ and been on an interest only mortgage for 3-30 years and hit a point where they can no longer obtain a mortgage of any sort and ending up being forced to sell. Do you have any sympathy?
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Buy-to-let mortgage rental cover ratios
Hi, I'm looking to remortgage my rental property (Around 70% LTV) but most of the mortgage providers have large rental cover ratios of 125-145% of the mortgage interest for the minimum rent required. Unfortunately the rent I receive isn't high enough to cover the 125%. Does anyone know any mortgage companies who do not…
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Overpaying
Hello, Just about to start the overpaying process - spoke with the bank last week re: amounts and ERCs etc. Helpfully I took notes as I was speaking to them...or so I thought! The lady told me when to pay so it didn't impact my regular payments, but I can't make head nor tail of what I wrote. I think it says 'on or after'…
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Re-mortgaging this year
Hi, I'm due to remortgage in September at the end of my current 5 year fix at 3.14%. Currently £801/month. I have been making irregular overpayments over the 5 years. By September I expect to have under 7 years and under £60,000 remaining. The property value was £128,000 5 years ago (this may have increased slightly)…
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Stuck with our mortgage
Hi, we are stuck with our Nationwide mortgage that has come to the end of its term. We can have a new mortgage with the nationwide but our loan to value is wrong (after improvements our house is now worth a lot more than they say it is). They want to see receipts for the renovations which we haven't got and they refuse to…
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Endowment maturing
Hi all My endowment policy finishes in June this year way short of projected amount. I am worried that the stock market fall this week will affect my pay out, should I cash in 4 months early or ride it out.
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Cleaning up finances ahead of first time mortgage
Hi all So iv been cleaning up finances ahead of my first time mortgage application I have no loans, no credit cards (paid off), savings which I'm trying to to save hard over next 3-6 months. I want to get my general current accounts looking polished. Typically what do they scrutise most that could cause issues ? I bank…
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Trying to buy
Hi, I am a first time buyer and am looking at getting a property. The ones which are suitable for me are around the £195,000 mark however lenders are only willing to lend me £115,000 approximately making it £165,000 if I used the whole of my savings meaning I am still 30 thousand short. I am currently earning £26,500 per…
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Mortgage mis-selling complaint?
Not sure if I'm being too ambitious here, but would I have any grounds for making a complaint if I feel like the interest rate on a 5 year fixed term mortgage I was sold in 2014 was too high, and not actually the best one that should've been available to me? I can't remember what other 5 year deals would've been like back…
