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Mortgages & endowments

Archives for September 2018

Getting a mortgage and subsidence? Please help!
Hi! So me and my partner have been planning on purchasing his mums house for a discounted price (so a consessionary purchase) next year. We went to a mortgage broker who did us a DIP so we knew we could borrow what we needed, all we need is money for the fees and have been spending the last year chucking money at our debt…
FTB Mortgage process with relocation
Hi all My husband and I are currently renting in London, but want to move to the NW (Manchester) due to living costs. In order to save on two sets of moving costs we would rather buy a property outright and move straight there at the end of our tenancy in London. We will both be FTBs. What we can't figure out is what…
deposit or repay debt
Hi I'm looking for some opinions on my situation. I'm looking at buying a (first time) house within the next 6 months, I already have a deposit that would be over the minimum required I have roughly 3.5k outstanding on a bank loan I don't know if it would be better to clear the loan out of my deposit money (still would be…
Help to buy - Stamp duty
Hopefully someone can help me here. I’m looking at moving home to a new build property, by myself, using Help To Buy Equity Loan. I currently earn £33,800 and the property I am looking at is £270,000. I have a £64,000 deposit. One af the HTB EL parameters for the mortgage is that you can only borrow a max of 4.5x salary.…
Mortgage renewal but big circumstance changes
Hi all. Sorry to be so needy and leach straight away but it is needed. Our current mortgage deal has ended, and our circumstances have changed a lot since we bought our home. From a joint income of around 65k with mortgage and 2 cars to pay for. To a redundancy, a one year old, a partner returning to uni for a year, both…
Shared Ownership advice
Need some advice on SO as I am not sure how it works for our situation... I am a carer for my wife so we currently receive benefits. We are due to have an inheritance within a year roughly, a sizeable sum, and we want to do an SO in an other county. We would not need a mortgage and would initially be paying rented part…
Buy To Let
I'm selling my house in order to buy a slightly larger one. I own this house outright and the new house is just 10k more which I have in cash. However woudl it be possible to apply for a buy to let mortgage on this house so effectively buy it from myself. then rent it out and use the rent to pay the mortgage?
Husband attacked by dog - mortgage holiday with Natwest?
So my husband had his finger bitten off by a dog last saturday. Hes been told not use his hand for 8-12 weeks and hes an electrician. I'm worried that he will go back to work too soon as we are expecting a second baby. Our savimgs arent great as ive only been back at work 6m from our first baby Im considering ringing…
Nationwide mortgage
Hi everyone, We applied for a mortgage with Nationwide on Monday. They contacted us Thursday to say they are willing to lend to us but due to our income change it will now be less. Well our income hasnt changed so we rang them and they said they took my husbands payslip and then multiplyed it by 12. Well he is paid 13…
Remortgage woes
Hi, does anyone have some advice regarding remortgaging or possibly moving a getting a new mortgage. I earn £34k. I have credit cards totalling 6.5k all on interest free deals to purchase a car. I would like to borrow more money on my mortgage but the lenders seem very reluctant to offer the amount I’m after because I have…
2 year fix ending in April
Hi all, My 2 year fix with Halifax ends in April and is currently 2.29% Their best deal seems to be 2.79% at the moment which I worry might go up by April. There is suggestion of changing mortgage in the last 6 months before a deal ends. Is this something I should be looking into next month or would there be lots of…
FTB Self employed
Hi! Really need advice here, was approved a mortgage with Skipton via LIFT scheme but for £15000 less than we needed. Credit file is fine bar one satisfied default from 2013. The only loan I've got is for the car and 6 month remaining at £170 pm. Two credit cards with 0 balance, 1 with £4000 limit and the other for £3000.…
Buy to let mortgage and broker advice please
I'm ready to move forward with purchasing properties on a buy to let basis and I wondered if anybody has any advice they could pass on with regards to good lenders or good brokers. I had the chance to talk to a person at a buy to let bank that doesn't deal directly with consumers and was told that buy to let brokers can…
should we ditch the lifetime tracker?
Hi all currently on a life time tracker with santander remainder of 15 years , rate 2.74 % no penalty for early repayment should we change to a fixed rate ? I am asking because of the Mark Carney's comments about interest rates possibly increasing by 4 % if we have a no deal brexit, there are still some good deals with…
Additional borrowing whilst on a fixed rate deal - is it worth it or will it create problems?
Long story short I currently own 60% equity of my flat with around 54k left on the mortgage. The Scottish goverment owns the other 40% equity and I want to buy it back (I would pay 40% of whatever the flat is valued at at the time). Unfortunately my income didn't meet their affordability criteria to borrow the amount I…
Lender - Proof of Deposit
Hi all, Soon I will have to provide proof of deposit. Now, we have the 10% that the developer (new build) will require, but the rest that forms the deposit of our mortgage will be to hand by completion. As my mortgage provider will need proof before hand, is it acceptable to provide a statement from one of my rainy day…
NatWest mortgage application process advice
Hi everyone We applied for a natwest mortgage on Monday via broker, our current mortgage is with NatWest, we bank with them and have about £1000 left on a loan with them that we have paid over 5 years. We intend to pay off all 13k of our debt on completion and our broker has put this to natwest. 11k of that is credit card…
First Time Buyers Help
Hi, I am looking for some help following a recently declined AIP. Me and my partner are looking to purchase our first home. We have a combined income of £34k per annum and are looking to purchase a property in the region of £120,000 with a 95% LTV mortgage. We currently both have cars on finance. My partner's bank loan is…
Adverse credit mortgage - planning ahead
I know we have a few very good brokers on here and would dearly love to pick your brains! Looking at posts I know you struggle with limited information, so have provided as much as I can. I also am aware than many of you are based in England and not up here! I am looking to my (our) future and trying to establish where I…
Completion questions
We have exchanged contract and completion is expected to be 20/11. I have had an email from the mortgage company to confirm the funds will be available from 19/11. My question is, the mortgage offer states we must pay a loan off (I've not done it yet but it will be done this month ) , have buildings insurance ( done) , and…

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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payments this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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