-
Buy to Let - termination?
Hi all I hope an expert can help. Long story short: Joint buy-to-let mortgage, let the property for a few years Divorced so had to move in myself, told mortgage provider who weren’t fussed 7 years later ex-wife stirs things up and mortgage provider write (twice) asking what my intentions are I can’t afford to move house…
-
Pay mortgage off in full or Overpay
Hi. I am due to inherit some money in the next couple os weeks, enough to pay off my credit cards & mortgage. I have 3yrs 6 months left on my mortgae with approx £22500 outstanding, Im paying on a fixed rate at 2.24% and it has a £1018.65 Early Repayment Charge. So my question is do I make over payments each month to…
-
Changing Existing Mortgague - Impact on potential future mortgague?
Ok experts, i'll keep this short. I've just dropped onto my banks SVR (3.94% - soon to be 4.19% after todays base rate rise) Things have changed significantly in LTV and financial position since the initial morgague was taken out. I'm now looking at a 2 years fix for 1.94% (no fee) on roughly 63k of borrowing on a house…
-
Help to buy remortgage
Hi, We bought a house 18 months ago using help to buy (we were first time buyers). Our mortgage is fixed with nationwide for 2 years so will be starting to think of remortgaging soon. Have read various things about it being difficult to remortgage under this scheme (the house is also leasehold (linked to RPI) which is…
-
Credit Application Mortgage Advice
Hi, Myself and my partner were accepted 6 months ago for a mortgage offer with Halifax, we are now closing in on finalising getting our house in about 2 weeks as the chain has 4 parts, so it took a long time. My credit was always poor, but we worked to get it to a slightly better state and everything was fine. My insurance…
-
Additional Income.
Hopefully a quick and easy question... Wife does part time cleaning and earns around £100 odd a week..were looking at remortgage or maybe looking to move (not sure yet). Mentioned this to Halifax mortgage adviser and they said she should register as self employed as the £100 odd a week she gets will make a big difference…
-
adverse credit with DIP
Really stressed and needing some help. My partner and I are first time buyers with 5% deposit. We got our DIP from a broker and was very up front about my partners adverse credit history - 2 missed payments 12+ months old, one due to D/D failure and the other an error the company acknowledge and have failed to rectify, but…
-
Joining a Mortgage
Hello! I'm totally new to this so sorry in advance if I've done anything wrong. I have a question that seems to be a rather grey area/unable to find an answer to, so here is the back story for my question. My boyfriend and I have just bought a house, well to be specific my boyfriend has just bought a house and I live in it…
-
Buying house from parents
The MSE mobile menu (not all pages are optimised yet) Latest Money Tips Email Cards & Loans Reclaim £1,000s Utilities & Phones Banking & Saving Deals & Vouchers Travel & Motoring Insurance Mortgages & Homes Shopping Income & Family Forum News Blog Students Financial Ed. MSE Stuff Contact Us MoneySavingExpert.com Welcome to…
-
Mortgage Prisoner
This is my first time post so please be gentle. Split up with my partner of 10 years in 2016. Shortly after the split he badly assaulted me and now there is absolutely no contact due to ongoing non molestation orders etc. He still co-owns my house and we have a joint mortgage which I am fully paying for. He purchased his…
-
Mortgage reject reason
Hi there, I hope you can help. I’m currently in the process of moving and have received some unexpected news. I’ve been advised that there has been a hold up because someone in the chain has had their mortgage offer rejected by the underwriters because of their solicitor choice. Is this a valid reason for a rejection, or…
-
expat buy to let mortgage?
I am enquiring on behalf of my son who is a UK citizen but has been living overseas for last 10 years. He is now thinking of moving back to UK in next 2-3 years. My question is, what are the chances of him getting a buy to let mortgage whilst abroad to provide a home when they move back to UK. He would be looking to spend…
-
Mortgage Broker v doing it myself
Dear all, apologies in advanced is this has been asked. My mortgage term is now coming to its end. I have been quoted £500 from a mortgage broker but wondering if its something that I can do on my own. Looking at the cheapest deals here I can get a 1.9% fixed rate 5 yr. Surely a broker cant beat that? What are people's…
-
Recent experiences with Atom/Digital Mortgages?
Hi, We are looking to get a mortgage on a house purchase and L&C are recommending Atom as the best option due to the low rates (2.19% on 5Y fix), however if they are too poor to deal with I'd rather take a higher rate than risk losing the house we want. I've searched the forum and spotted a few frustrations from last…
-
Re-mortgage or loan?
We have a small interest only mortgage of £20k on a £400k house and want to borrow an extra £20k but the lender won't extend out current deal. We plan to pay everything off in 5 years when a gratuity is due. Do we re-mortgage for £40k or look to take out a loan of £20k over 5 years?
-
Endowment payout - Help !
I bought my first house with an endowment mortgage (Abbey National + Friends Provident) - when I moved house, I converted mortgage to C&G repayment type & kept the endowment policy going as a savings plan (having been told that it would not perform as well as anticipated & would have a significant shortfall) - 12 years ago…
-
Endowment proof for payout - Help !
I bought my first house with an endowment mortgage (Abbey National + Friends Provident) - when I moved house, I converted mortgage to C&G repayment type & kept the endowment policy going as a savings plan (having been told that it would not perform as well as anticipated & would have a significant shortfall) - 12 years ago…
-
Help!- Getting a mortgage with CCJ
Hi all I'm hoping someone can help because the situation looks bleak at the moment. My partner and I are trying to buy a house. Our salaries and affordability are not an issue. The only issue we have is a CCJ settled over two years ago for £230 for a parking ticket (we didn't know it existed until it was too late) which…
-
Halifax Mortgage and Unarranged Overdraft
We are FTB. We have an AIP from Halifax for 172k, and will be applying to borrow 96k on a 112k property with a 15% deposit (16k). We both work FT and have a combined household income of 40k with one dependent. I’m worried it may get declined when we get to the point of giving our bank statements. My partner has a £500…
