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Overpay mortgage or save to regular saver?
Is it better to over pay £250 a month on a mortgage rate of 2% or save £250 a month to a regular saver of 5%. After 12 months when the regular saver ends, use that lump sum to pay off the mortgage. I believe it would be better to save and the use that as; £250 x 12 = £3000 (+ interest of £81, from nationwide) Mortgage…
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Mortgage With A Fair Credit Rating
Hello all, so myself and my partner are nearly ready to buy our first property in the greater London area. We plan to start viewing properties around April/May. Unfortunately in my younger days I wasn’t the most responsible person with credit and made quite a few mistakes. That was 8 years ago and since then I haven’t had…
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lodger income
Hi in order to get the re-mortgage + additional borrowing i want I need a lender that will take into account my lodger income. I have no other debts. My salary alone using a 5 times multiple will not get me what I need not even a 5.5 multiple. age 25. I have already spoken to my current mortgage provider. Im sure the…
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lodger income
Hi in order to get the re-mortgage + additional borrowing i want I need a lender that will take into account my lodger income. I have no other debts. My salary alone using a 5 times multiple will not get me what I need not even a 5.5 multiple. age 25. I have already spoken to my current mortgage provider. Im sure the…
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Offer accepted
Hi We’ve had our offer approved by nationwide today should receive the pack to sign Tuesday so the broker said. Me and my fianc! want a joint account now, will it be ok to apply now as we have been approved and waiting signatures or will there still be checks etc to be made? On that basis maybe not the right group anyone a…
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Registering a freehold
We have just purchased the freehold and in the process of registering it with Land registry. Our new lender is insisting they put the charge on both the lease and the freehold once registered. This is despite the fact that once we register the freehold the lease will be merged with the freehold and then extinguished in a…
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Deposit needed if mortgage is 1/4 value of house?
If I’m taking a 50/60k mortgage on a property worth 200k, will the mortgage provider still ask for a deposit? Or is this only the case for mortgages for the full value?
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FTB Advice
Hi My partner and I are about to start our mortgage application in the next few days. My broker has told me that Halifax is currently the best deal he can get us. The thing is I bank with them. I have had some gambling transactions about 4 months ago but since I've had 3 full months of no such things. This was so I had 3…
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CEMAP or CF6 + R01?
I have CF1-4 from a few years ago and was looking to either do CF6 + R01 or go the CEMAP route. I have been working in financial services for 10+ years as admin so am now looking to make the change to MA. I'm self-emp so would be studying on my own (which brings its own pressures!). Any advice as to which route might be a)…
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Second Charge Loan for an 18 floors building
Hi, i was hoping if somebody here could point me to the right direction. I have recently applied for a second charge loan and was refused because the building my flat is on, has 18 floors. It is not a council own property by any means. I did not know that this is a thing with second charge lenders. I have been searching…
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can my husband get a mortgage in just his name
Hi, Can my husband get a mortgage in just his name? I am thinking about getting a credit card to transfer my husbands debt to me, so his credit rating is better. We are not financially connected, but would this connect us and would he stand a better chance of getting a mortgage? Many thanks
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Percentage of Borrowing with SVR Mortgage
Hi Everyone, I'm on a Standard Variable Rate Mortgage (been on it for years now due to low rates). I recently received my annual mortgage statement from my lender and was surprised at what appeared to the the lack of repayment I have made towards my borrowing. I've paid just over £5k last year, which £3k was interest! Does…
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Advice: Remortgage and adding husband to deeds
In September 2016 my husband and I sold our house. The new house I could only get the mortgage by myself due to my husband having just gone self employed. He signed away his half of the equity in our previous house to help pay the deposit on the new house. So our house is only in my name. Our fixed deal comes to an end…
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Remortgage After IVA
Hi I entered into an IVA in November 2011 which was subsequently paid off in September 2012 when a relative kindly loaned me the money to make a full and final settlement. I have been patiently watching my credit file and waiting for it to be clear of defaults and anything else to do with the IVA. I have checked with all…
