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Mortgages & endowments

Archives for April 2018

Expat mortgage
I know I need to consult a specialist advisor for this - but I would be v grateful for views on whether it is likely to even be possible, and if so at what kind of rates. We own 3 properties in the UK, all unencumbered and all rented out. We own a house in France which is now our main residence. We would like to raise a…
Buying a house before we have sold ours
We have our house on the market but have found the perfect property, unfortunately in Scotland. We own our existing property outright but bearing in mind the Scottish system, is there a way of raising the money to put an offer forward? Our existing property is valued at significantly more than the one we would like to…
Is a 2 year a better move than a 5 year fix?
Mortgage is due for renewal on 1st Sept. I am going to draw down to make improvements. I was considering 5yr fix for certainty but now think that a 2yr will be better because. 1. Economic growth is low, coupled with brexit etc. There may be some rate rises in next 2 years but rates are not likely to rocket. 2. I am on a…
Selling with HTB and starting new HTB equity loan
Hi All, Wondering if anyone has had experience with this before, we are trying to sell our property which has a HTB equity loan. We understand the process of selling with Help to Buy and how it all works in terms of getting a valuation and starting the process of with target. My query is we are looking to use Help to Buy…
Help to Buy
Sorry if this has been asked before, but I can't find a clear answer. I'm buying my first flat, and I've had a statement of completion off my solicitor for £20,000, which I only have if I include the £5000 I have in my HTB ISA. I know you only get the 25% government bonus after completion which is why I'm confused about…
Close to completion??
So anyway i made a post a few weeks ago about family buying me out of a inherited house on my husbands side, On the 11th of April my sister in law was accepted for her mortgage and was told money is ready to be released :j i was just wondering what are the next steps that needs to be done? The house is shared between 4 and…
How to work out how much we can borrow for a second house?
Hi there We are currently in the process of renting out our house and relocating to another area of the country for work. To see if we like it etc, we decided to rent our house out until we are settled. House no. 1 is worth 575k, with a mortgage of 348k. Rental income £1950 a month. We are potentially looking at…
Taking person off mortgage
Hello I have purchased property with my parents last year mainly because their income would not be enough. Is there a way to take me off the mortgage or exhange me for someone else or i can stay on the mortgage but i do not want to be on title deeds as i would like to buy my own property ( which i can afford) but dont…
First Time Buyer
Lookinh to buy a house in the next few month's hopefully but I'm a bit concerned. Defaulted on my loan payment once last year which I didn't know about and twice this year putting me into default. Now by the time I apply for a mortgage the debt will have been paid off, but my question is how much will this affect my credit…
Armed Forces First time buy (wanting to let)
Good day, I’m currently serving in the Royal Navy, for a while now I’ve had the intention of getting into the property ladder renting out (as I’m rarely home), I’d like some advise on what’s best for me and my best options if possible?! Currently have savings approx £10-15k, FHTB offer 50% of salary; approx 10k, Currently…
Endowment Policy Maturing
I have an Endowment Policy soon to be maturing with ROYAL LONDON. They have confirmed to me that the policy at maturity will be valued at the bid price of the bid/offer spread on that day. They also wrote to me to confirm that this was clear in the documentation when the policy was taken out. My issue is that for some of…
How to get a higher mortgage on low income?
Hi all I am looking to purchase a residential property in London. I am looking for something as cheap as possible, my maximum price would be £500,000. I have a deposit of £110,000 from which all the fees will also be paid e.g., stamp duty, mortgage arrangement, etc., so about 100k would be deposit. My annual salary before…
First Mortgage - fix or variable?
Hi, I’m looking to buy my first house. I understand that it’s useful for some to have the reassurance that your repayments will stay at a fixed level for a period of time (especially with forecast BoE increases). But surely the cost of this is built into the total cost of a fixed mortgage? If I’m able to cope with some…
How do I go about changing to buy to let ?
Hi there, looking for some advice before taking the next step. I've been renting out my home for a few years (stupidly) and now need to change to a but to let. Is this an easy process (with my current lender) or should I go and remortgage with a different lender and change to buy to let at the same time (if thats even…
Question for the self employed brokers
So after 12 yrs working as an employed broker for one of the largest mortgage advisor firms (with wide in the title - yes i know i stayed 12 years) finally left yesterday and today is my first day of self employment. Should have left years ago but with young children and being the main earner there was always a comfort to…
Some advise on if I should change mortgage brokers?
Hello everyone I’ve been using a mortgage broker to secure a mortgage for me and my partner, we chose an adverse credit broker as I have adverse credit 18months ago but all upto date since then No CCJ or Bancruptcys on either report and utilisation is low on credit cards, only debt we have is car loan with £8000 remaining…
Mortgage help ?
Sorry, this might be a little complicated one. My parents are elderly and although don't qualify for disability, they need caring for. After I finished uni I have cared for them ever since, for many years until now. Although they kept me, I never received a wage from them. Instead they had promised me a small rental…
Ammending mortgage application?
Hi Can you amend your mortgage application after submitting it or do you have to start the process all over again? I was originally going to be gifted money from my parents so I could still be left with some savings after buying a property. They can now no longer do this because of a family emergency and them needing the…
LISA or Help to buy or both???
Im confused ...I have been saving the maximum 200 in the help to buy as the interest rate for me is 3.5% (Halifax). I also have a LISA account (Skipton) which I pay into each month but the interest is only 0.75%. Both will be able to give the 25% government bonus when I come to need it....so I was going to keep saving into…
Missold interest only mortgage scam?
Good afternoon. I have seen on facebook some adverts relating to being able to claim for being missold a interest only mortgage after 2004 I was wondering if this is true or a scam as I havent heard anything at all. Many thanks

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