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Should I close all credit cards before applying for mortgage in principle?
Thanks in advance for your help! Shortly applying for a mortgage in principle. I’ve three credit cards with available credit of £3,500, £5,000 and £6,000. Total balance at present is about £4,000 – on an interest-free deal. Luckily we’ve inherited some money so I can now pay off the balance with some left over to give us a…
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Help.. mortgage after probate
My husband and I are buying my late mothers property. My sister and I are the beneficiaries and we have probate. We need to buy out my sister and clear the outstanding mortgage. All was going ok, until today I was told by Halifax we won't be able to get a mortgage until 6 months after probate, taking us to mid Dec! we have…
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Deed of adherence
Hello everyone. I'm in the process of purchasing a flat and the current owners, and surrounding flats, are in the midst of buying the freehold. They way they are doing it is called 'deed of adherence'. My conveyancer said because it's an unconventional way of purchasing the freehold they can no longer continue with my…
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Natwest Mortgage - End of Fixed Rate Options
Hi All, I'm a FTB (July 2017) and currently a year into my two year fixed rate with Natwest. I'm just trying to prepare for the eventualities of what may happen when the rate ends (I understand I can keep the current mortgage at the higher variable rate). Does anyone know if Natwest will automatically offer me a new fixed…
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HTB equity loan vs Outright purchase
Hi everyone, Could you please help me to choose the best option from below? Property Price: £385,000 (New build/ready to move in) Cash deposit in hand: £38,500 (10%) Mortgage term: 35 yrs (1) HTB equity loan: £57,500 (15%) Mortgage LTV : £288,750 (75%) Interest rate: 1.65% Monthly re-payment : £910 approx (Capital - £517 ;…
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Right to buy
I am trying to buy my council house, the purchase price is £161000, I have a discount of £81000, so need a mortgage of £80000. Because of my age (61) and income I am finding hard to find a regular repayment mortgage, even though the monthly payment would be less than the rent I am paying. Last week I heard on the radio…
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Deal renewal
Hi guys My current Santander fixed rate deal is coming to an end and needs renewing shortly..we always go for a fixed rate for security however i know better deals are available (blame the wife) My issue is that I'm looking to go self employed before the renewal is required 2020 and wondering how I will be affected.. would…
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Interest-only mortgage query
Hi, My husband and I were sold an interest-only mortgage right before the bust of 2008 with Northern Rock. It was a 5-year fixed interest only as my husband was a student and I was working very part-time. We were first time buyers and it was a 100% plus mortgage as well. It seemed a great deal at the time but NR went bust,…
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Should I stay or should I go
Looking for a bit of help Just accepted an offer on my house and had an offer accepted on a house and am just working through the mine field of deciding which mortgage to go with Current situation in a 4 year fixed deal with nationwide which runs out in April so will have to pay 1% on my current 65.5k mortgage to leave Now…
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Barclays mortgage - New build
Hi all, You have all been really helpful so far. Our mortgage application is getting submitted tomorrow by our broker, he all the information required. Just wanted to know the general timescales now, we're first time buyers, going through barclays for a new build. Were anxious that it could be a few weeks before we hear…
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Rent to buy - new build houses help?
Hi guys, so I’m in the market for my ‘future house’, I can’t really afford to get a large deposit together at the moment , so I’ve been looking into rent to buy schemes, is this available at South Wales ? On new builds, and if so, can someone point me in the correct direction? Thankyou!
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Borrow more remortgage or new product
Hi, I want to take use the extra value the house has gained to pay off debts (I understand financial cost over the years). Do you see any flaws in my logic? Would Halifax allow this if I were to choose a new product or do I need to remortgage with a new lender? If I go with a new lender do I need to tell them why I wou be…
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M&S Mortgages
Hi All, Has anyone got any feedback on M&S as a mortgage provider? I submitted my application about a week ago and I know my valuation is on Monday. I guess they’re the same as all other providers but the waiting around led me to to this forum so I thought I’d ask the question? Hoping once the valuation is done I won’t…
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Pay off mortgage V investment
Good evening everyone Bit of a dilemma so needling sound advice. We are moving house soon and wondering whether to pay off our mortgage entirely. So I'll provide you with some basic facts to hopefully assist. We have £160k cash savings. We have a mortgage for £101,000. The mortgage is fixed until May 2019 which incurs a…
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Taking over joint mortgage on my own?
Long story short my husband and i are separating, I really want to keep the house and for him to move out but am unsure how it would work with us only having the mortgage for 3 years and also having almost £3000” help to buy loan to start paying interest on in 2 years time. I have contacted the bank that the mortgage with…
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Nationwide help...
Hi, I got a phone call from the new build site office (gleesons) yesterday (sat 8th) to say the surveryor had been to value the property (we didn’t even know it was booked :o ). Anyway today we got a text from nationwide to say that the valuation had been received and would be reviewed etc. Then exactly 2 minutes later we…
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Fixed rate ending help
My current fixed rate with nationwide is ending in November. I also have a further advance that i ported from my previous property. This is currently on nationwide BMR, which you can no longer get. So my dilemma is when searching a new deal, do I just look for a new deal for the larger mortgage, or combine the two and get…
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First Time Buyer, PLEASE HELP!
Hi everyone am a first time poster long time follower. I really need help with buying my first home as i am really stuggling. I have managed to save up over the years a ISA with a value of £40,000 which I hope to use as a deposit, but the main problem seams to be my salery which I am only getting about £16,000 a year, so…
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Question about remortgage
Hello I have a fixed rate mortgage with tsb which ends in April. I'm looking to transfer to a different deal with tsb and was wondering the best way to do this? Do I wait for my current deal to end as I would be penalised for early repayment and then approach tsb as to get off their basic rate? Regards
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Mortgage Question
Just a quick question really, i have a personal loan with 30 months left to pay at 390 a month, if i apply for a mortgage would their be a different amount they would lend me if i didn't have the loan. Its a loan i got for my car, but if the opportunity for a higher lending amount for a property came along, the car would…
