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Remortgage means our home will be taken off us - can anyone help?
Hi everyone, I currently live with my mum who has retired. She remortgaged our home probably around ten years ago (I'm unsure of the exact time frame) and now we're left in a position where the people who remortgaged it will sell the home in 3 and a half years. I'm quite concerned about this situation as I'd like my mum to…
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Signing Mortgage
So i posted this yesterday and got no reply so I'm wondering if i put it in the wrong place, if anyone can help please :) Hi I'm sorry if this is a long one but I'm wondering if anyone could help please So back in 2011 unfortunately my mother in law passed away and she left her property to her children (4 of them) and…
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Are any of the High Street Banks ....
Doing Buy to Let Mortgages ....please??;)
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Application straight after clearing debt
We are due to complete on the sale of our property in the next few weeks and currently looking to buy our next property. From the sale of the property we intend to use some to pay off creditcard debt (£30k) whilst retaining enough for a 10% deposit. Plan to use a broker but just a little concerned with the numbers coming…
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Nationwide Tracker Rates Switch
Recently, Dec '17, moved lender to Nationwide choosing a fee-free 2yr tracker, no ERC. Obviously the rate rise was reflected which occurred between application and completion. The rate is around 1.35+base IIRC Looking at the website for existing customers it appears I can switch to the current fee-free 2yr tracker at…
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Shared Ownership Self Employed
Hello Everyone, I am looking to buy a shared ownership property because I cannot afford to stay in my current home. I am struggling because the housing associations are telling me that I can't run my business from a shared ownership property. Any ideas would be hugely appreciated. Thank you.
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Equity Loan Up - May Lose My Home
Hello Everyone, I am coming up to the end of my Equity Loan term. I cannot afford to pay it back. I have a large mortgage and am 61. My worry is, I won't have sold my house before I owe the builder their 25%. How do I calculate the interest which I will have to pay them? Thank you.
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Handing in notice before exchange and completion
Hi everyone, My partner and I are first time buyers and got our mortgage approved 2 weeks ago. I am a teacher and had initially planned to hand in my notice at work at the end of May (notice deadline to be able to leave this academic year at the end of July) and start a new job in August in family support which pays…
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Handing in notice before exchange and completion
Hi everyone, My partner and I are first time buyers and got our mortgage approved 2 weeks ago. I am a teacher and had initially planned to hand in my notice at work at the end of May (notice deadline to be able to leave this academic year at the end of July) and start a new job in August in family support which pays…
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Realistic mortgage fees in Scotland
Hi all I'll be looking to buy my first flat in Scotland towards the end of the year and was wondering if, outside the deposit, anyone could give me a realistic list of fees / charges that I'll need to pay? My deposit will be a 5% one and the property relatively cheap at 75 - 90k. Sorry if this has been asked on here before…
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Ditch the fix?
Hi all, I just did a mid term mortgage review (2.5 years into a 5 year fix) current rate is 2.69% I can get a fee free 5 year for 1.99% but early repayment charges of just short of 2.5k. So, whilst I know no-one has a crystal ball want would you all be tempted to do? Here's the financials/pros/cons, as I see them: 1. If…
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How to avoid stamp duties during buying a two house as a first buyer?
Hello, I'm in the process of buy two houses in same time. The first house is as a first buyer, the second house is a buy to let. Would be possible to avoid stamp duties in this situation? Price of both houses is much lower than 300k. I know it's tricky but possible.
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Is there a time limit on mis-sold insurance policies
I was mis-sold an endowment policy in 1986. Is there any time limit on claiming?
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Remortgaging and charges
Evening, My mum is looking to remortgage her house so that she can give myself and other siblings some money that was tied up in the house from years ago. She’s a bit worried however that there’s a charge/bank debt secured against the house. If she does remortgage will that debt need to be paid immediately or on the sale…
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Deposit
buying a house nowadays requires a deposit to ensure a mortgage but would the same still be true if the house was heavily discounted? Daughter has £20k saved but isn't ready to buy for a couple of years but a family member has offered her rent a property for 2 years which is valued at around £160k today and she can buy it…
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Nationwide mortgage declined despite fitting criteria
Hi, my husband and I applied for a mortgage with Nationwide in Feburary and were turned down due to a previous bankruptcy, notice of correction and problems with our credit files. We spent a lot of time cleaning up our credit files, ensuring there we no notices of correction etc. I rang Nationwide explaining the situation…
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mortgage.
DD bought a house and had a 5 yr mortgage. During this time she moved abroad for a few years and has rented it out. Now she is due to renew the mortgage would this be called a BTL seeing as she did not buy it explicitly for that purpose and intends to move back in when her work contracts are up. Would it have any insurance…
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Shared Ownership- end of fixed deal
Hello, We’ve still got 18 months left on our fixed deal, but as we’ve never done this before, I figured the best would be to ask questions now so we know what to expect. We’ve got a mortgage for half the property, at 1.8%. The SVR is approaching 4% so we would like to get another fixed deal at a lower rate (if possible…
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Remove a ex from mortgage
Hi, I’m asking this question for a friend. His girlfriend and him split up shortly after getting a mortgage, they remain friends. They want his name off the mortgage, she has started the process of remortgaging, he has received papers to sign, the papers also says It is a lender requirement that you must seek independent…
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A question for brokers regarding remortgage for debt consolidation
Hello, I'm looking for a reply from any brokers on here if possible please. I've got a mortgage that I've had for 4 years at about 72% LTV (depending on the valuation), and am looking to remortgage to try and clear some debts. By taking out £20k I could 'free up' around £950 a month (from loans, card payments etc.). I'm…
