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Mortgage after a DMP
Has anyone had any experience with getting a new mortgage post DMP? We want to downsize and our current provider won't let us move any mortgage so we are currently stuck in a 5 bedroom house with only one child left at home. Teacher's BS has said they will consider us 3 years post DMP (we are currently 2 years). Seems daft…
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Remortgage completed, what next
Im a bit embarrased to ask but we have completed the remortgage using Enact. Barclays have paid off my Nationwide mortgage which nows stands at 65 quid. What now, will Barclays contact me to set up a direct debit for payments? I have looked at the paperwork and cant see that i have set up a new direct debit to commence…
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Catch-22 buy to let
I have considerable equity in my home and thought I would release some of that to use as a deposit for a buy to let property. I got an agreement in principle from my current mortgage provider, first direct, to release the required equity.I also got an agreement in principle from Virgin Money for the mortgage on a buy to…
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Sacking the old broker after AIP?
...and would there be any problems reapplying to the same lender? Basically we had a Santander AIP through broker 1, found a property after a few weeks and now can't get hold of them to proceed to full application. Tried to get an AIP online for a slightly higher (optimistic) amount. This was declined. Stressed myself out…
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Free legal fees - leasehold property
We're looking to remortgage our leasehold flat, since our 2-year fixed deal ends in April. We've decided we'll either go with Nationwide or TSB - both are offering a 2 year fix at 1.79% and no product fees. TSB offer free legals & £150 cashback. Nationwide offer free legals or £500 cashback. Nationwide specify that their…
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Islamic Mortgage
Okay so I live in a council house and qualify for a RTB discount... but also wanted to buy it with an Islamic mortgage, but this is where I hit a brick wall! The council can't allow an Islamic mortgage as one of the rules is the mortgage provider will buy a percentage of the house with you (depending on what percentage you…
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Help to buy ISA
Hi there, Looking for some clarity on H2B isa. We are selling the home that I own and buying another property - our finances break down as follows: Help to buy isa balance £6,600 Help to buy bonus £1,650 Difference between sale price of my property and mortgage balance : £11,200 Mortgage cashback £500 Total £19,950 Ive…
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Re-Mortgage Time
Hi There My first ever fixed rate mortgage deal with Halifax is due to end at the end of Jun this year. Can anyone advise what happens....... Do Halifax contact me with a new fixed rate offer? or do I have to approach them? I'm not really in a position to shop around at this time so just wondered if they contact you with a…
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Mortgage help please? FTB
We have gone through Which brokers and applied for a mortgage through Coventry Building Society. When application went through we were given a DIP then full application was submitted - this was two weeks ago. We have since been asked for my P60 and an employers ref (as I’ve been on maternity leave). The valuation has been…
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First Direct H2B Loan?
Does anybody know if First Direct will allow a H2B loan as part of the mortgage? They are not listed on the H2B website as one of the companies that do?
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Buying a second home
We are considering buying a second house for my parents to live in. They currently rent, but this is not an ideal long term solution. They are retired and so have no real income of their own hence they will not be able to get a mortgage. We are trying to figure out the best way to do this and wondered if anyone else has…
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LTV vs Deposit%
How is a deposit calculated. I’ve read in numerous places that it’s deposit / value of house, but then other places mention LTV which is deposit / mortgage I have 65k deposit and I’m looking at a 260k property Should I be using 25% or 33% when trying to find the right mortgage?
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Homewise Home for Life Plan
This is being offered on properties around the country. However it seems completely unregulated. Does anyone have one of these and do we know if there are drawbacks, such as if the company ceases to exist is there any protection? This is a summary from their website - You might be wondering how we can offer such a big…
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Switch to another SVR mortgage
Hi all, I was wondering if its worth speaking to my mortgage company (Halifax) to see if I can somehow lower the interest rate on my standard variable rate mortage. Some details. When I purchased my property I took out a 3 year fixed term mortgage, based on a LTV of 80%. As that deal has now ended, I've moved onto their…
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Extra borrowing for extension (and pay off loan?!)
3 years into 5 year fixed with Tesco at 2.19%. Would like to pull out £50k to fund extension on house and have meeting to Tesco mortgage advisors Friday to discuss. Extra borrowing would be 2.4% for 2 years. I wanted to use it as opportunity to also pay off personal loan I have also with Tesco (£7k for car) which is 4.6%…
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Signing missives???
Anybody know how long after mortgage being accepted missives take to get ready? Patiently waiting....:(
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Redeem Help To Buy. Do you need a solicitor?
Looking to pay off Help To Buy equity loan using savings (so won’t be moving). Target HCA saying we need to pay for a solicitor but spoke to one who questioned their need to be involved and said it’s as simple as agreeing a valuation, paying, then completing DS1 to remove second charge? Does anyone know why you would need…
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100% LTV mortgage
I'm thinking of going to speak to a broker about a 100% LTV mortgage, and I was wondering if anyone had constructive advice for me? The situation is that we are a late 20s/early 30s couple with decent, stable incomes, but not much chance of saving up a deposit for 3+ years. I know that the 100% mortgage will be more…
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Mortgage arrears charges reimbursement
I am not sure where to put this....10 years ago I owned 2 properties joint,y with my now ex husband. Both went into arrears during the divorce. Both sold and all monies owed paid off and I bought a new property and here we are. Several months ago, out of the blue, I received a letter from said mortgage company saying…
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Natwest aghhhhhbb
So I've been sorting the morgage out for lets see 8 weeks now. Nat west after I had paid a phenomenal amount for some bloke to walk around the house for 10 mins and point out things we knew about. Only yo demand a damp and timber survey. Survey done. Broker Send a it back to bank. Who do nothing for 3 extra weeks. A follow…
