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Credit card and mortgage application
Hi, I'm looking at applying for a mortgage for my 1st home in November and i was wondering if i should close my credit card account to give me a better chance at getting accepted. It has a £2500 limit but i only spend around £30 a month on it and i pay it off every month, Ive had it for around 20 months. Thanks
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Married but want to apply for a mortgage alone
Hi We live in a shared ownership property with a housing Association 50/50 share. The mortgage, lease and land registry are all in my husbands name only, I just have a beneficial interest registered with the land registry title. With all the new builds going up and my husband having a charge on the current house, we are…
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S&s
Has anyone been contacted by these companies that will take on your Interest Only Mortgage Missold and charge you a whopping 35%, plus VAT and the cost for expenses. I have but decided against it... can I do this on my own
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Separating mortgage & remortgaging
Hi, I'm wondering if anyone has any guidance. My partner and I are separating, I'm hoping to be able to prove that I can afford the mortgage on my own. However the fixed price will come to an end a month or so after 6m of paying it myself. Does anyone know how a remortgage would work as the mortgage we have is…
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Right to buy Mortgage
Hi all hope this is ok to post, were looking to buy our council property later this years and i was wondering where is the best place to look for a right to buy mortgage? do i have to go to a specialist place? any advice would be much appreciated, we are first time buyers with fair to okish credit
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Mortgage and maternity leave
Hi all. Just after a bit of advice. My husband and I are relocating this year, he can transfer with Work but I can’t (which presents a whole other logistical nightmare!). I’m currently on mat leave which ends in October. Full pay 6m, stat pay 3 and nothing the remaining 3 (though would consider returning after 9m). So when…
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Tricky Interest Only Conundrum!
Thank you for taking the time to read this post. My partners' parents bought a flat for him which is paid for outright however his parents have taken out a 10yr interest only mortgage for £60k on their own property to do this and no one is saving for the capital which means the flat would need to be sold to pay of the £60k…
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Any experience with Natwest - 1st Mortgage payment
Hi just wondering if anyone can advise. We are due to complete (hopefully) on the 29th March. Our mortgage is with Natwest, and we have requested through our broker for our re-payments to go out on the 2nd of each month. Can anyone help from their own experience, suggest what date we can expect our first re-payment to go…
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How to deploy windfall prior to adding to mortgage
Hi All, I am hoping to move house in the next quarter. We currently are paying a mortgage on our existing property and have about £80k equity on our existing place. I have received an unexpected windfall of £2k and want to know how best to use it.. So my options as far as I can see: 1) I have a credit card on 0% for…
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Moving house during fixed rate?
Never moved house before, Current mortgage is £200,000 @ 2.49% (5 year fix Jan 2017 with Santander, so just done 1 year of it) Hoping to sell this house this year for £300,000 Hoping to then buy a house worth (say) £500,000. Santander say the mortgage is portable. But how does this actually work in reality? Once the house…
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Rate Switch - Affordability checks?
Our fixed term is coming to an end and we are going to be staying with our current provider but would like to reduce the term, would an affordability check be needed for this?
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Mortgage Help
I wonder if anyone can help...... I had to remortgage 2 years ago after a marriage breakdown. I couldnt get the mortgage on my own so my daughter went in with me and all fine - mortgage agreed. A year later my daughter wanted to buy her own house - so I had to do a transfer of equity & managed to remortgage on my own. All…
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Sell shares to pay off endowment shortfall?
We have an £89k mortgage shortfall. We can extend to pay it off, or sell some shares. We're both 55, I work part time and my wife full time. Our repayments would be around £700 a month, so it seems logical to me to pay the mortgage, especially as interest rates could go up. Our shares are a retirement nest-egg though, so…
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avoid early repayment charges
Hi guys, The first question for me but I'm sure it must have been asked before.... I just can't find it. So I'm selling a house but I renewed the 2yr fixed term a few months ago. What I'm wondering is.... is it possible to sell the house but not pay off the mortgage? ie; perhaps pay off the majority of it but not all and…
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U.K. and EU national advice please.
Hi! I am British and my partner is Italian. We live in the U.K. Can anyone point us in the direction of the mortgage companies that will loan to us in these circumstances please. Thanks.
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How long before taking out a credit card?
Hello, we are hoping to complete this Wednesday coming. At the moment, my partner and I have a credit card each, his credit card has a limit of £3000 of which he owes £240, my credit card has a limit of £1200 and I owe £300. Both cards are not £0 interest anymore but we have been waiting to get the mortgage before taking…
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Nationwide Mortgages
Hi I am hoping that someone may be able to give me some info regarding Nationwide and their timelines. Applied for a mortgage through broker on 7th March with Nationwide. Survey is booked for 12th March. I’ve asked our broker to advise us of timelines etc, likelihood of going to valuation if paperwork not upto standards…
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Hypothetical question- Paying with £20 coin
Hi- Hypothetically, could I settle my mortgage (or part of it) with the £20 coin? I note that they are NOT accepted in banks or shops, but ARE legal tender. I bought a bunch of them a few years back and now cannot shift them at face value, could I pay my month's mortgage with them? Thanks!
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Mortgage Deposit
Hi all, I am in the process of applying for a mortgage after having an offer accepted on a new build as a first time buyer using the HTB scheme. We are pretty confident will get accepted and have a Mortgage In Principle from Natwest. But after scouring the internet its got me a bit scared of been rejected. For the last few…
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Overpaying mortgage
Given that a problem with the UKs economy is the level of public and private debt, why do mortgage lenders discourage overpayments? Most set a 10% limit. Surely the earlier people can pay off their mortgage the better. It may well encourage them to sell and buy a bigger house and therefore stimulate the housing market.…
