-
After a bit of advice on Mortgage.
Atfernoon all. My wife and I are looking to move house shortly. We've sold our house STC and we've found a new build not too far away. We want to go down the HTB route and we've currently got around £33,000 in equity after legal and estate agent fees and a further £25,000 saved up in our joint savings accounts. Ideally,…
-
Credit rating affected by applying?
Hello, I wonder if anyone can help. I am encouraging my daughter to buy her first property and she agrees and has been saving like crazy. It is now time for her to apply for a mortgage but she is worried that the amount she is offered will not be enough meaning a longer saving time. However, one thing she is worried about…
-
needing advice
hi all been a while since ive been here so here goes i`m coming into some cash soon, and i wish to pay the mortgage off, so start off ive had the mortgage 28 years, originally 25, then because of none payments i had to take a remortgage out after the original 25 was up, anyway moving forward my my fixed rate is coming to a…
-
Applying for a remortgage.
Hi I have started the application for the TSB 10 year at 2.69% (no fee) I need to take my docs into branch but I've noticed today that the 10 year fixed is now 2.89%. Do you think this will affect my chance of being accepted? Or even worse will my application just be thrown out?
-
Universal credit causing mortgage confusion
Hello everyone, I am currently looking to buy my first house and the mortgage adviser at the bank is looking into the affordability and asking how much working and child tax credits I receive - however, universal credit doesn’t list these individually anymore. The adviser wants to know which elements of UC are the…
-
Post separation mortgage
Hi. Thanks for reading apologies that this may get long. Background: My ex partner and I weren’t married. We have two young children. Brought a house in 2013 using the help to buy scheme. After having the house for just 2.5 yrs we split. I wanted to sell the house but my ex refused. I did not fight her through court due to…
-
Changing term of mortgage (The Coventry)
I've been informed that the term of our mortgage can be changed at any time without incurring any fees (we are with the Coventry). Does anyone know if there are restrictions in doing this?
-
Timber frame mortgage help
Morning all, Resorting to the power of internet forums to see if anyone has any help or advice! I live in a 4 bedroom timber frame house. It was purchased in 2002, and had a mortgage on it with the Halifax. A subsequent remortgage was done in 2008, for home improvements (house was a bungalow and we borrowed to put on an…
-
HSBC counter offer less than DIP
Prior to putting my house on the market I got a Decision in principle from my current lender HSBC for £180,000. The affordability calculators indicated I could afford to borrow £169,000 (however this seams to change a little every time I use it) Following having a offer accepted on a property, I needed to borrow £160,000.…
-
Remortgage - bad credit but home owned outright
Hi all, so I'm looking for some advice around remorgaging - the basis jist of things is given away in the title! I inherited the house about 10 years ago, and decided to rent the house for a few years to clear the outstanding mortgage for obvious reasons. Anyway, I've been here for a few years now and there's a fair bit of…
-
Affordable Housing
I currently own a affordable housing flat which I have 70% the other 30% is owned by the local council the property when sold is sold at 70% of the market rate. I am in the process of selling this however now on 2 occasions the sale has fallen through due to no mortgage being available although a 10% being provided. Any…
-
Monthly mortgage payments - % of take home pay
I have always had a joint mortgage. I will soon be moving and getting a mortgage on my own. I’m trying to budget and work out what I can afford. What percentage of your take home pay do you spend on monthly mortgage payments?
-
Mortgage holiday
Not sure if this is the right forum, but just after a little advice or encouragement. My partner has 2 properties one she lives in and one she let. Her plan was to sell the property she lives in and move into the other ,she gave notice to the tenants who have moved out ,now at the last minute the buyers of her property…
-
Barclays Mortgage - port as moving house
Good evening, We have sold our house and are going to port our mortgage from our current deal with Barclays (changing 2 years early) to a larger mortgage still with Barclays. Does anyone know whether we will still be charged and early repayment charge even if we are staying with them? Regards, Ohdear66
-
Halifax Offer - Can it be extended?
Hi, I am a first time buyer going through the process to buy my first house (YAY). As the sale is part of a chain of buyers/sellers above the chain, the sellers told me that they were expecting the completion to be sometime in July. The estate agent also said the same thing to me. I applied for a mortgage through L&C…
-
Cutting salary before remortgage
Hi I have a 3yr fixed term mortgage with Virgin Money due to come to the end of its term in October, however I am planning a drastic career change that involves cutting my hrs at work by half and my salary from £36k to £18k. I will still be able to cover the mortgage on this. However I am considering the risk of doing this…
-
Can I get a first time mortgage when I owe dept
Hi all I want to get a 210k mortgage, I am 43 and have 3 kids + wife with a salary of 36k p/year I ow 38k in loans & cards. I have never missed a payment and the history is good We want to buy a chunk of land of my inlaws (£100k) then spend £60k on a timber Framed barn We currently rent Would it be possible to get a…
-
Holiday let mortgage
I have a house on a holiday let mortgage, as well as my residential property. My job is about to relocate temporarily to the place the holiday let is located. The holiday let has a one bedroom annexe. If I lived in the annexe, would the mortgage company frown on this? Would they call in the mortgage? When I filled in the…
-
5yr or 2 yr fix
Hi everyone We are in the midst of usual remortgaging dilemma..5yr or 2 yr. We bought our london flat in 2016 and are nearing the end of our 2 year fix expiring on 30th june with Accord at 1.69%. Our flat purchase price was for 660000 and was tentatively valued by an agent at 695000, however with the london market being…
-
HSBC Mortage Offer Withdrawn Due To Service Charge
Hi, My partner and I are looking to buy a one bedroom new build flat and had our mortgage application from HSBC approved. The offer was for just under 60% LTV and when we applied we were offered a larger loan (by about £40 000 I believe) and therefore it seems that we were not too close to the limit of what HSBC would…
