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First direct: end of fixed rate/execution only?
Hi, forgive me if this ends up being long winded. We bought out house five years ago, value £130,000 mortgage £110,000, we have just over £100k outstanding, houses similar to ours are now selling for £170k on this street. At the time we were in well paid jobs, since then my husband has switched to a new job that he loves…
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Benefit in kind - staff mortgage
Hi I have a staff mortgage which appears on my P11D each year. Is there an easy way I can work out how much tax I have paid on this since taking it out? Thanks! :-)
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Offset Mortgage cleared - Any reason to keep Mortgaged ?
Hi, This may sound like a Silly Question. My offset savings is now more that the Mortgage amount owed. So I now have a few options. 1. Leave as it is, and it will pay off in 18 Months, and as I've overpaid, there will be a final £90 fee to close everything out. 2. Reduce the monthly payments, so that it will pay off in 8…
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advice for first time buyers?
Hi folks, me and my partner are planning to get our first mortgage soon but we are quite unsure of our chances of getting one. We earn about £43k a year joint income (although it's slightly higher due to my overtime.) we have no dependents and have good credit. I have a credit card that I use frequently and pay off quickly…
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Re-mortgage for home improvement, house value
This may be a stupid question, but can you include the anticipated increase of value to your house in any way in a re-mortage to borrow extra cash for home improvement? If I borrow a big wodge of cash and use it to successfully add significant value to my house (eg loft conversion adding extra bedroom) then pretty much as…
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Mortgage repayment options
Hi currently own 1 house which i am letting out with around 10yrs left on mortgage paying 106 per month around 14.00 interest on a open plan mortgage. am living with fiance in her house and am looking to buy another house with cash Is there any reason for me keeping my other mortgage going on my own property or should i…
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mortgage for a 70 something?
We currently have an interest only mortgage with Nationwide but we want to move. Any chance of a lender giving us a mortgage, about 20% of house value?
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Advice Needed Looking to buy first buy to let
Hello all! Looking for a little direction or advice if possible. I live in Scotland and currently have an adverse credit file, I had a CCJ/decree for £15K that is nearly two years old & I would like to buy my first buy to let worth £45,000 (I can purchase for £35,000. I am wondering if possible to get a first time mortgage…
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Advice Needed - Buying a second home
Hello MSE, I'm looking for advice to buy a second home and I have no idea how to go about it. My situation is that I currently have a house which is being let out and I am living in a home that I rent. Instead of renting I would like to purchase a second property to live in. I have about 22% equity in the home that I let…
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Offset mortgage with buy to let as repayment
Hi Kind of following on from a previous post Me and my partner are going to be borrowing up to £150k to refurbish and extend a house we're moving in to. She owns a buy to let property and is self-employed and always has a large amount in savings accounts to pay for her tax bill (at present over £40k.) The amount in savings…
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Buy to let mortgages and HMO licensing
My partner owns a three bedroom buy to let property. She has a large buy to let mortgage on it (£400k) which is serviced easily by the rent. She has a large amount of equity in the flat, well over 50%. The local authority have now decided that it will need an Additional HMO Licence as there are three unrelated people…
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Mortgage deposit size
Is there much benefit in getting a deposit of just slightly more than 10%? I wouldn't be able to put down 15%, but I could maybe get to 11 or 12%. Does this have an impact on interest rates for the mortgage, or might I just as well earmark that money for home improvements, in which case I might be able to get a bit more of…
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Mortgage application - pay day loan
Hi all, just on looking for some advice Both myself and partner have just applied for a mortgage via TSB, we have 15% deposit saved and have been given a Mortgage Promise acceptance. Having check both credit scores, the are both relatively high, however I still have 2 pay day loans on my closed accounts from 4 years ago.…
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Nationwide Mortgage in principle and credit score!
Hello all, had a mortgage in principle from nationwide. They have done a ‘hard’ search on my file and it’s gone down by 50 points! They have also had all info and bank statements wage slips etc etc. But now my score is ‘poor’ when it was on the verge of ‘good’ at the top of ‘fair’.. They have approved it in principle. Just…
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Endownment advice please!
Hi everyone. I would much appreciate some advice on my wife's endownment policy. Background info. My wife took out the policy approx. 19 years ago with Aviva to pay off a portion of her mortgage which at the time was interest only £35000. (it still has 6 years to run) I did not know her at the time and her income could not…
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Undervaluation
Is there a way to revise an estimated valuation after submitting a remortgage application? A relative has undervalued their property and the surveyor has simply rubber stamped the valuation.
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Should I be worried? Help please
Hi all Myself and my husband applied for a mortgage through our broker on Monday. Our broker yesterday called and said they have requested screenshots of the balances of all of our credit cards and it has worried me. I will give as much background info as possible: We have around 100k equity after paying help to buy loan…
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Likelihood of Mortgage - Help Please
Hi, The usual question I'm sure, but I'm looking to see in your opinions the likelihood of being accepted for a mortgage. We have around 7% of the deposit for a £120,000 house. Going to do the 5% deposit scheme. I earn £22,600 and my partner earns £23,900. Affordability calculators all say we would be fine when putting in…
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Mortgage on part of property to allow selfbuild in garden
We've been lucky enough to find a house with large garden (2 acres) and get planning permission to build behind. Many skipped holidays and clapped out cars have meant that we have so far done this with cash so no mortgage yet. We would like to take out a mortgage on the existing house at the front to top up money to live…
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Halifax Mortgage between exchange and completion
Hi everyone, Your help would be much appreciated. I have a couple of questions. I exchanged in May with Halifax on a new build mortgage which is due to complete in December. I was told by my mortgage broker not to apply for any more credit. 2 months ago my phone broke and on my existing phone contract I got a new phone…
