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Mortgage with default
Just wanted to write a quick feel good post for anyone who is trawling through these pages looking for Just that! (Like I was for months) Quick low down, my partner has squeaky clean green credit score. Me, two defaults and multiple late payments, last default only settled this March. Broker #1 misadvised us and Just…
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AIP 2 weeks ago now being referred and ideas why?
I had a AIP with an on line company 3 weeks ago (L&C) Then took advice as saw a property I liked with a different local mortgage advisor. My offer has been accepted but she wanted to do another AIP for her company and said it would be no issue and said I would get a mortgage for the amount required no problem. 95% over 20…
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Mortgage Overpayments
Hi All, I currently have around 100,000 left on my mortgage and can afford to make some over payments. My question is - as I plan on moving within the next 3 years, should I overpay? When I do over payment calculators it tells me what I would save if i stayed where I am for the length of my mortgage, which, of course, I…
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Advice to clear Mortgage in next 4 years
Hi All, a very brief history, having 2 bankruptcy's under my belt, managed to get clear of all that and work our butts off at being financially good, now have a decent credit score, savings, credit card (paid off every month - IN FULL Martin!). Purchased a property almost a year ago £242K, had a lot of help (inheritance)…
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Endowment Maturity Payout & Tax
So my father Endowment has matured last month and I am trying to help him fill out the release form. He doesn't have his original policy booklet so made a declaration stating as such. Also he has paid off his mortgage. It states the policy is qualifying. Does this mean he doesn't need to inform HMRC that he has been paid…
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Which is cheaper? Renew 2yr fixed, or a 5 yr fixed?
I can't find anything online about this, most talk about the difference between fixed and variables, or trackers, and whether a fee or no-fee mortgage is cheaper. But, my question is: Is it cheaper to keep renewing/remortgaging a 2yr fixed mortgage (every 2 years), or just get a 5 year fixed? ..Taking into account the fee…
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Slightly unusual mortgage plan - advice needed
Hi all; I'm hoping I can get some pointers from the good folk of MS, but it's worth pointing out I will also be talking to a couple of independent mortgage brokers....just in case that's anyone's first piece of advice :D So - situation is: I bought a flat for £109,950 using inheritance money - no mortgage. Flat is now…
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Fixed Rate Ending & Moving
Hi there, My fixed rate deal ends on 31/1/19. I want to put the apartment for sale in May 2019 so there will be 6 months or so in-between? When we move I want to put my partner onto the mortgage too. I know you can port a mortgage but would end up with 2 parts to the mortgage with different end dates. What are my options?
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Barclays - Postcode wrong on offer
Long story short. Mortgage offer ran out 26th July (with the correct postcode) and we had to have it rekeyed ready for completion which is supposed to be happening tomorrow and we didn't get our offer until yesterday. Then turns out the postcode is wrong on the new offer - the valuer when doing their most recent survey…
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Pay off vehicle & have less deposit
Hi, I am am saving for a deposit at the moment but have a van on Finance, I'm wondering if I am better off paying that off if possible and going into a Mortgage with less deposit but no debt? Thanks
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Withdrawal
Hi all, I am after some advice in an area in which I am pretty clueless and a friend has recommended that I ask on here! I am going to contact the bank directly when I return home but in the meantime.. My parents have a mortgage with Barclays and there is a mortgage reserve account there. My dad withdraw everything…
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FTB Mortgage Advice
Hi everyone, I’m looking for someone to put my mind at ease about mortgages. As I’m driving myself crazy/worrying myself silly about it all and we’ve not even really begun yet. Myaelf and my husband are currently in the process of buying a new build property and have a meeting with our mortgage broker next week to go…
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Mortgage Confusion
We are considering moving home and porting our mortgage but totally confused how it all works. Have tried speaking to our lender but can’t get a straight answer until we have all our exact figures etc, at the moment it’s all in theory. The situation is: we purchased our house for £174k with £8700 deposit and have £163k…
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Credit rating for mortgage
Hi, My younger brother wants to move to a bigger house but he cannot find a buyer for his current house, so is for the moment stuck where he is. He only has a bit of mortgage left on his current house and is in the position to pay it off in full. Should he do so, or is it better to keep paying off the mortgage in…
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Short term loan or increase mortgage
Hi Forum Friends I have sold my house, the house that I want to buy is going to cost more than I am selling my current house for; I am £20k short. I am therefore selling a rented property which has £50k equity but the house I want has gone to closing date and the seller has accepted my offer so I either need to extend my…
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First time buyers hoping to buy a repo
Hello all, We found a repo flat in London which we likea lot, but we have no knowledge of how to move fast and complete in 28 days. The estate agent told us it could be done in two weeks tops. Is it true? Can anybody recommend a very good and reliable solicitor in London who can do the job as quickly as can be? Many…
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Leeds building Society Full Application Process
So basically I am just hoping that someone else is out there who can reassure me my application with LBS is looking promising to receive an offer! We have found our dream bungalow after our initial first purchase fell through in March when the lenders came back with a reduced offer (£20,000 less), this was through…
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Prelimary planning to get a good mortgage deal
We are currently renting down south, we have just sold our old home up north (that we rented out). We should have around £44,000 in the bank after the sale of our current property. The mortgage that we paid off on sale was a together mortgage with Northern Rock (NRAM). We took out the associated loan at the same time,…
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Remortgage valuations?!
Hi can anyone tell me.... If your house is valued for remortgage, does the valuer give an actual figure or a range? I’ve tried to have it valued before the valuer came but it’s such a unique house, nothing has sold around it for around 3/4yrs for comparison. The valuations I have come in between £211-£233! Do they pin it…
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Equity Release- Best Providers
Hi, It's very easy to find comparisons of mortgages from various lenders on the web but I can't find comparable data for equity release . Can anyone help or has anyone researched this and come up with the best providers . Ideally I'd like a loan that can be drawn down in stages as needed and a reasonable rate of interest…
