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How best to describe a standing order to mortgage lender?
Hi all - and especially the ever helpful brokers on here! We're at the final hurdle with a potential mortgage lender as we attempt to remortgage to a really good rate. Passed credit checks, looks like valuation is OK, etc. However they've been through my bank statements and are understandably querying a standing order to…
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Need some help please with the mortgage.
Hi, Please maybe someone can give me advice.Me and my husband is first time buyers we make agreement in principal in Barclays bank without any issues we find a house which we would like to buy and make offer 95.000£ we got 5 % deposit and offer was accepted and the house was take off from the market.Now we are stucked with…
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Divorced and trying to get off the mortgage
Hi, I am looking for some guidance or advice from anyone that has been in a similar or the same situation as myself. I am being told many conflicting things from mortgage providers. I divorced my wife a few years ago and left the family home where she still lives with my two children. We made a non legal agreement that I…
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First time buyers fixed rate query
My wife & I have had an offer accepted on a house (first time buyers) and we are trying to choose which length of fixed-rate mortgage to take. 2 year fixed is the best deal, however with Brexit and it's inevitable destruction of the economy we are concerned that in two years time it might be a nightmare to re-mortgage so…
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Porting question
Hi I have a meeting with tsb on Friday to discuss my mortgage options I currently have a 112k mortgage on a house valued at 140k with 2 years remaining... 3k erc We are close to having a property put into our name which my mother in law has kindly stumped up the cash to buy while we work on the property and have our home…
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Help To Buy question
Myself and my partner are going through a separation at the moment and i am looking at the right to buy scheme. Obviously we are selling our current house and will split the equity however i notice that the right to buy website says that the scheme is not open if you already own or have deeds in your name on a house. So my…
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Barclays Mortgage Application
Hi, I wonder if anyone can help. We applied via a mortgage broker last Wednesday and he told us the application had been pre approved and we would hear confirmation of full approval in 7 days. We have no facility to track it ourselves and have not had any dealings with Barclays ourselves. When the broker applied last week…
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Staircasing with different lender
Hi, I own %70 of a shared ownership flat with a lender five years fix rate. Just wondering if i can go with another lender for remaining %30 with some deposit, if i can afford. Anyone knows if that is possible or not?
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Nationwide valuation
Hi, We have nationwide validation booked for our purchase 90% LTV. FTB. The application was submitted last Friday. Yesterday I received info from my MA saying the application is submitted to underwriter and next minute survey is booked for next week Friday. Do they do Desktop / drive by survey or do they visit the…
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overpayment advice needed asap
I need advice - I have a repayment mortgage with 135,888 left to pay over a 16 years. I have £50,000. I can pay approx £13152 per year (10%) without having penalties or 3% penalty on top of any more repaid over the £13152. Or do i just pay £1096 extra each month and put rest in savings and drip feed this in? Hope someone…
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Firstbuy Scheme Nightmare
Hello All, New member here I am struggling to get any clear advice in what would be the best thing for me to do next? As briefly as possible my situation is- I purchased a new build flat in Merseyside in 2010 from Taylor Wimpey using the firstbuy scheme. The purchase price was £109,000 Deposit £5000 Mortgage £75000 Equity…
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port rate or pay ERC to have one mortgage rate?
Hi Hope someone can give me some advice. We are in the process of selling our house and buying another. We have a buyer in place on ours, and will hopefully have a property lined up soon to buy. We need to move so delaying is not really an option. Here is my predicament. We need to borrow more for the new house (current…
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Remortgage after endowment at 57
Hi to all I am looking for some advice on who to look at for a repayment mortgage. I am 57 and earn approx 15000 per annem. Previously myself and my ex partner had an endowment policy which when we split was cashed in and used as settlement so I could stay in the house with the kids. I need to find a repayment mortgage for…
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Adding Person to Mortgage And/Or Deeds - Pros and Cons
Hopefully someone may have some pointers for me to consider before I speak to my solicitor to make arrangements. I want to add my 19 year old son to the BTL mortgage on a rental property so that he can use the rental income to cover his university fees. The bank have agreed and there are 2 options, to just add him to the…
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Porting a mortgage
If you port a mortgage to another property, what happens if the house (which it is) sells at £155k and you buy one at say 100k, the current exit fee is 4k, so would you just be stung with an addtional charge? If you are allowed to repay 10% a year, does that mean the best option would be to look for a house between…
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Assignment of Life Policy to Mortgage Lender - help
I am posting this for a friend. Her husband has died and back in 1994 they assigned a Life Policy with SW to Nat West in the event of death to cover any outstanding mortgage. The mortgage was paid off years ago, and the husband has now died, but SW will not pay out the policy until Nat West have confirmed that they no…
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Re-mortgage....will my credit negatively impact my other half?
I live with my fianc! in a flat that he owns – bought for £105,000 with a £30,000 deposit back in September 2014. His fixed rate deal is about to come to an end and I’m looking for a wee bit of guidance/opinions. He earns £29,000 and has an impeccable credit history – no outstanding debt other than the mortgage; a credit…
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Rejected for 5% mortgage, should I try for 10?
Hi, So after some disasters trying to purchase a house myself and my partner decided to up our budget to £253k. We had previously had a mortgage in place for £190k with a 10% deposit but because we upped our budget we had to reduce our deposit to 5% and, even though we passed affordability on the calculators we have been…
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Suggestions for 65 yr old with £60k mortgage, £58k assets, pension paid in lump sum
My mother is 65, single and lives in the north of England. She has mental health issues and is currently unwilling to move from her home, which was our family home prior to my parents' divorce. My hope for this post is that I can get some advice on presenting a sensible plan for her future. The property is estimated to be…
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To Fix or not to Fix
hi, Some advice please, here is my situation. Over the last 2 years I have been paying a little extra into my mortgage every month plus a lump and its made a significant dent. My current 2 year deal is coming to an end and I have been thinking about a long term fix and paying the mortgage off in 10 years. I came across…
