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Halifax 95% mortgage
Hi Can anybody advise? I’m self employed with one years accounts. I earn approx 20k freelancing and about 10k through agencies (I understand this agency work won’t be considered in affordability assessments) My husband earns 23k with his perm job. We moved in with in-laws to save so don’t have many outgoings such as food,…
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1st or 2nd time buyer?
Hi, I require some advice. I recently sold our first home as me and now ex-girlfriend broke up. The mortgage we had in our property was in both our names. The question I have is I am now looking to get back on the property ladder by myself. Would I be classed as first time buyer or not as this would be the first mortgage…
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Halifax remortgage and credit card
Good afternoon, In my haste this morning I withdrew £50 on my credit card rather than my debit card. It was my mistake as I didn’t read the cash point message properly thinking it was simply saying that the transaction wouldn’t incur a fee. I always clear my credit card at the end of each month but have today cleared my…
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Overpay or Offset?
Our buy to let mortgage fixed rate is coming to an end at the end of this month. The balance owing is £50k and I have approx £40k savings that I could use to overpay it. I currently work full time and the income from the rental property is taxable too. I aim to finish work asap and can then live comfortably off the rental…
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With rates still low why not get a fixed lifetime mortage?
Sometimes I feel I should've done this earlier, before the rates went up slightly as I can't really see a downside but feel that my naivety is making me unaware of the downsides otherwise everybody would be doing it; Since the interest rates are currently so low, wouldn't it be prudent to get either a 10 year or lifetime…
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Second home or sell the first?
My fianc!e and I are looking to buy our first house together (for around £450-550k we think). She already owns a flat (valued at about £300k, with about £200k on the mortgage). Back in the old days, the idea would of been to keep the flat and allow renters to pay off the mortgage. But with the tax changes impacting the…
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halifax application experience advice
hello I wonder if anyone can tell me what there experience with this was. I'm driving myself mad trying to decide what to do for the best. I'm person 2 in a house buying chain of 4. my buyer is a FTB. my onward purchase is all but ready to go to exchange, but my buyer hasn't even got a mortgage offer yet. they had an admin…
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Fixed term coming to an end on mortgage deal
Hi, My current fixed rate mortgage deal is coming to an end at the end of November and I need some advice on the extra charges. I bought the house 2 years ago and paid for all the normal solicitor fees and valuation fees. I was just wondering if I was to switch to another mortgage lender would I incur extra charges for…
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Possibly dodgy mortgage broker and other questions.
Hi All, I am in the process of applying for a mortgage after finding a house I like. Not a first time buyer so I roughly know the process. 50% of deposit is gifted from parents. Using a broker to apply for a mortgage with Nationwide however just found out my initial application was declined (found myself this morning after…
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Aviva Low Cost Endowment
Hi, Can someone help me understand these figures for our 25 year Low Cost Endowment from Aviva (previously Norwich Union), which is 4 ½ years from maturity, please ? Specifically, I’m trying to understand, and on the safe assumption that it wont pay out anything close to £45,000; If we keep paying in till maturity, do we…
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Should I change MA or is he being reasonable
Hello, I’m trying to figure out if I should change my Mortgage advisor and go somewhere else. I’m a FTB with salary of £52000, no dependants, I have CC balance of £6000 and finance on a TV of £1500. Affordability is no problem. I’ve got a 10% deposit (£24000) on a home worth £232,000. I’m trying to get a mortgage for…
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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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Remortgaging, income lower than before
I have a mortgage with TSB outstanding £97,000. Originally borrowed £99,750 (I think). Anyway, when I originally took out the mortgage my income was £28,000. Now it is £21,000. My partner's income has remained the same, though I am the main earner. I have been on the TSB website and asked it how much it'd lend me - it has…
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Mortgages and house price drops- what happens?
Hi, please forgive me if this question is very naive, which I expect it is. Recently I have become very interested in overpaying my mortgage. But I have realised that I will need to remortgage or arrange a product transfer in July 2019, so no idea what this will mean for interest rates etc. My question is, if for any…
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2nd charge mortgage& title restriction
Hi, Hello, We are applying for a second charge mortgage and they have asked me to remove the restriction on the register title. The restriction says: No disposition of the registered estate bu the proprietor of the registered estate is to be registered without a certificate signed by a conveyancer that the conveyancer is…
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Delinking NRAM together mortgage after IVA completion.
Hi all, I hope I am posting in the correct place (apologies if not) I am looking for some advice on my NRAM together mortgage. Me and my ex partner took out the mortgage in 2007 £102500 secured and £7500 unsecured. The relationship broke down a couple of years later and ex left the property in 2010 leaving me in a harsh…
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Conveyancing Charges for Transfer of Equity
Hi all, Can anyone please give me an idea of how much a conveyancing solicitor would charge to carry out a transfer of equity? I'm currently looking around at remortgaging but don't qualify for the free legal fees because I need to remove my ex's name from the mortgage. If anyone can tell me roughly how long it takes (how…
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Remortgaging for Loft Improvement
Hi all We are currently looking into having our loft converted and I would be very grateful for any advice, opinions and tips on what are the best options in terms of financing. To give you some background information, our LTV is currently quite low at around 33%. The extra money needed for the works will push that back up…
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Kensington mortgage
Hi all Need a bit of advice. I have a mortgage offer with kensington and have solicitors ect and was waiting for the contracts to be exchanged. However 6 weeks ago.it became aparant that a small bit of land on garden is lease hold so kensington have been dragging there feet with making a decision. My offer runs out next…
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50 yo ... Too old for a mortgage?
Hi, For the past 20+ years I've been renting. This has suited me fine during this time but now that I am married I now feel like I want to own my own home and enjoy the freedom of house ownership ie: decorate without asking landlord permission, own a pet, avoid intrusive inspections etc. and get out of the renting scene.…
