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Solicitor fee for remortgaging and paying off HTB Equity Loan
I've read up the guide on this site for remortgaging. It states that usually the lender covers legal fees, is this right? I am remortgaging to pay off my Help to Buy equity loan in full (the 20% loan I was given 2 years ago). I have spoken to the solicitor I originally dealt with and they are quoting £950 all in to deal…
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Newbie BTL
Hello All, I am considering moving in with my partner but do not really want to sell my property. I have only just signed off the papers for a remortgage but I take it I need to inform the bank of the change of circumstances? Any information on BTL would be very very helpful. thanks M
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Melton BS Valuation
FTB going for a shared ownership mortgage Application submitted 11/09/2018 Came back to request MOS which was sent the same day Then asked for more bank statements etc and had a phone call with the lender where they asked any queries e.g. payments into account Valuation instructed 27/09/2018 for 03/10/2018 Valuation…
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Digital Mortgages (Atom Bank)
Has anyone got the mortgage rates table for Atom Bank that applies until tomorrow (rates change tomorrow)? Or know where I can find current rates?
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Gifted House for inheritance tax reasons
My mum and dad are in their late 60's and thinking of buying a house back in the UK to retire in. Their thoughts are to put it in my name so it wont be liable to inheritance tax in the future. Im already paying off a mortgage. Is there any down side to this other than they have to pay extra stamp duty? Can i rent it back…
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Anyone Tried 'Dashly' Yet - The Automatic Mortgage Comparison/Review Site
I just tried it and there's a big waiting list to get in - https://www.dashly.com It states that Dashly is the UK’s only service that automatically compares your mortgage every day. With savings alerts, crystal-clear data and simple switching, managing your mortgage is effortless. Forever. Seem pretty good but couldn't…
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Should I remove wife from credit card account given her missed payments?
Hi and thanks in advance! Shortly applying for a mortgage – any time from the next few weeks to months depending on when we find a house. We’ve a mortgage in principle and are actively hunting. I took out a credit card in March and, for the first time ever, put my wife’s name on the card account. We both have extremely…
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Can't contact Mortgage Broker - Go elsewhere?
Looking for a little advice. Had DIP from L&C, obtained back in August. Put offer in on a house Monday, which was accepted straight away. Solicitor put official offer letter in same day also (We are in Scotland) that was accepted Tuesday AM. Been trying to contact L&C since Monday to no avail. Was told to contact person…
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Remortgaging while living abroad
Hi I have a query about remortgaging while living abroad that I’m hoping people can help me with. I took out an ordinary UK residential mortgage with Santander in 2011 for the flat I moved in to. I lived there until the end of 2017 when I moved to Sweden with my wife. I am working here and the move is open ended but not…
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Help to Buy Mortgage Lenders
Hey guys & gals... Hoping for some help... Why are there so few Help To Buy Lenders for Mortgages? Does anyone know if Halifax are among them, their site seems to suggest they are, but I didn't notice them on my FAs list... Just concerned going forward about a potential lack of healthy competition when comparing deals down…
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Does having credit cards with high credit limits damage my mortgage application?
So I had a very bad credit report back when I was a student, this was around 7 years ago and have been fixing it since. Thankfully now it's looking fine but I'm hearing that if you have credit cards with high limits might hurt your mortgage application? I have 3 credit cards. 2 from Barclaycard and 1 from American Express.…
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Martin Lewis: Stop handing mortgage prisoners "life sentences" - MSE News
The sale of mortgages to unauthorised and inactive lenders is giving some mortgage prisoners a "life sentence", MoneySavingExpert.com founder Martin Lewis has warned Treasury Minister John Glen...Read the full story: 'Martin Lewis: Stop handing mortgage prisoners "life sentences"' Click reply below to discuss. If you…
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Stuck on SVR - unless I borrow more
One of my mortgage sub-accounts is now only £21K but I can't switch because lender will only do for accounts more than £25K. (I dont want to switch the entire mortgage because I've got a lifetime tracker of base+1.1% on the rest) Only way to be able to get a better fixed rate is by borrowing more. Weird I know. Minimum…
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Good Mortgage brokers?
Hello all, Wanting to remortgage my flat and buy house - any recommendation on mortgage brokers? I am currently in contact with John Charcoal, however they're quite costly if deal goes through. Thanks.
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Helping family member
Not sure if this is the right forum but I'll try anyway. My son currently rents; it's expensive and I end up 'helping' more often than I want. What's the best way for me to buy a house for him to live in? He'll struggle to get a mortgage because of work and credit history. I'd rather the property were in my name (for now…
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Any thoughts?
We are due to complete on Friday, our buyer paid their deposit yesterday, and we where told we would exchange for our new house and our buyer would exchange for ours yesterday or today. We both chased our solicitors today and mine said the buyers has confirmed they are now ready to exchange as we are. Our solicitor has now…
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ERC Nationwide - New Build Delays
I am buying a new build but sold my property two weeks ago due to the new house not being ready, as a result my original mortgage was hit by a ERC due to redemption. The plan was to port Mortgage 1 (old) and take out Mortgage 2 for the remaining balance. Reading Nationwide's website (snippets below), I understand that I…
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Broker Ruined Application
Thanks for advise
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Treasury finally admits mortgage prisoners need help - MSE News
Treasury Minister John Glen has admitted that mortgage prisoners “need to be dealt with” at an event run by MoneySavingExpert.com at the Conservative Party Conference – providing hope for 10,000s of home-owners stuck on expensive deals...Read the full story: 'Treasury finally admits mortgage prisoners need help' Click…
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Is it worth making an overpayment more than 10%?
Hi guys, I currently have a 2.3% fixed mortgage with Halifax. Current balance is approx £60K. I've been told that I can pay 10%, which is approximately another £6K on top without incurring penalties. However if I pay more, I'll be charged 3% penalty on the extra £4K I pay, which is approx £120. I might be wrong here, but…
