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Trapped as mortgage rate coming to end - Help Please
Hope it is okay but I am posting this on behalf of some friends who are struggling to find a way to remortgage. We're hoping that someone has advice or has been in a similar position and found a way out. Situation: Two friends who have two young kids. They are self-employed and their income is fairly low, although they…
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Can I remortgage
Hi all, I have a question. I currently have a mortgage with Accord mortgages, I am about 3 months in arrears with them and have been for years. I can afford the monthly repayments, but I can't really afford much extra to catch. They have a deferred repossession order on the hose, that has been in place for about a year and…
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Pay off Mortgage or Keep Savings - Moral Dilemma
Looking for advice on whether or not to pay off my mortgage? With the prospect of future interest rate rises on the horizon, should I quite while ahead. My current mortgage rate is a low 1.45% (tracking the base rate) but I have the cash to pay of the mortgage (only just!). I have held out for over 2 years (obviously…
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Mortgage affordability question for FTB?
Hello, I'm hoping to buy my first flat later this year and have been checking mortgage calculators to get a more accurate idea of my price range (and whether it's actually possible for me to buy), but I'm a bit stumped by the monthly commitments section. What do I put in here if these things will change when I'm actually…
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Remortgage question
Hi My mortgage is up for renewal very soon, so i'm after a bit of advice. We have done a lot of work on the property and have converted the loft to have extra an bedroom and en-suite. I have certificates to state that the extra room complies with building regs etc. Our initial mortgage valuation was based on a 2 bed and…
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Irregular question - New to Mortgages!
Hello all, My parents (living up north) are due to complete on their mortgages payments in a year or 2. They want to move south, closer to myself - who has no mortgage (25years old). The house prices are unaffordable to them and they don’t have enough savings to afford a house without getting another mortgage. Which they…
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Mortgage Completion and further credit
I have a question regarding the use of credit and the timing of that in regards to a mortgage application. We have had a successful mortgage application and have received an offer and we are now progressing thing with our solicitor. I am looking at taking a personal loan of around £5k for a car purchase and then using one…
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Deal ended need advice
Our deal has ended and now on 2%+ Bank of England base rate = 2.5% still have 15 yrs on mortgage 94000 to pay house value 160000. Not sure if it’s worth moving and having fees to pay as I think over the year or two it would work out about the same. Don’t have much of a clue re this stuff used a broker before and thinking…
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Help! Lloyds forcing house sale
Hi there, hoping someone can give us some advice...I currently lodge with a wonderful yet non-computer literate lady and am very happy here, but there is something of a dark cloud hanging over us. Please excuse as I have no experience of house buying myself but I will attempt to explain the situation as best I can... The…
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100% Retention/Structural Survey - will they tell me valuation now?!
Hi guys, FTB here! I posted before as lender valuation advised 100% retention & requested structural survey, roof report, damp/timber & electrical. (Surveyor comments worried me as no valuation given/indicated house was falling down). Anyway, much to my surprise vendor agreed via EA that we could renegotiate price based on…
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Can I use Lifetime Isa and partner use help to buy ISA?
Hi, I have a Lifetime ISA which I am using to save for a mortgage. If my partner opens a help to buy ISA can we use the funds from both accounts and receive both government bonuses? He can't open a LISA as we hope to buy in the next few months. I can't find any information so hope someone can help. Thank you in advance
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Debt Management plan and a mortgage?
Hi - looking for a bit of advice...I have been on a DMP for a few years now i've only got about (£4000) to pay but its had an impact on my credit score. I am currently a student so unable to pay off big chucks of this but I was wondering if there was a way of improving my credit score in the mean time? I see they have…
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Parents paying Mortgage costs
Hi I have saved my deposit for a house and my parents have said they will pay all my mortgage costs. Application, valuation, solicitor fees etc. Will this cause problems if they pay using their card? Thanks
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Buy to let question
Hi everyone, I hope I have the correct forum for this. We are currently looking to move to a new 4 bedroomed house early in 2019 worth £320,000 Our current house is valued at £200,000 and our mortgage is around £70,000. This would give us around £130,000 deposit for the new place which is ideal, however I had thought about…
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Help! Need some guidance.. Can I do this?
Hello. First time posting so please be nice !!!128522; We are 50% owners to a shared ownership property. Two years ago this summer we remortgaged and got a much better rate. However since then our house has increased in value as neighbours with exactly the same layout have been selling their homes for £300k. When we…
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Mortgage for moving house
I’m confused! (It doesn’t take much!) We are wanting to move house later this year if possible. We are looking for something with a better suited family layout. After getting house valuations and quotes for building work, making the changes to our house will cost more than what would add value to the house. I am so…
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Mortgage for the over 80s?
I would like to add a floor to the bungalow I live in so I can fit my children in when they wish to stay and have no idea what it would cost but whatever it is I doubt that my savings would cover it. As a realist I recognise that I may not survive long enough to pay a loan off so does anyone know of a trustworthy…
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Remortgage With Additional Borrowing Questions
Hi, Mortgage deal has ended with Santander, looking to remortgage to Nationwide (my bank) or Halifax. Looking to raise an extra £35-£40k for home improvements - current mortgage is at £156k and estimate the house value to be £230k so £195k would put us at 85% LTV so that's probably the max (£39k additional borrowing).…
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Santander Mortgage Extension
Bought a new build property back in November last year. Got approved for mortgage with Santander, but was however only given a 5 month offer. Expected completion date was April. however it has new been put back a month - meaning my current offer will soon expire. Exchanged contracts in January and builder agreed to take 5%…
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How much info can a bank legally ask about my interest only mortgage?
Hi all I recently got a letter from my bank asking for information from me about how I plan to re-pay my interest only mortgage. It's got some 22 years left to run and I am putting money into an ISA and other savings schemes in order to be able to repay the mortgage. I'm fine giving the bank general details and even a…
