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BTL urgent please help
Hello everyone I moved abroad 2 years ago & instead of changing my mortgage to BTL then I made the terrible decision to just get a consent to let. My two years is up on that but I no longer qualify for a BTL because I now don't earn the minimum amount required by the bank. I have a 35% LTV, & the rent more than covers the…
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Decision in principle?
So I had a look at the L&C website and decided to go through their DIP process, just to see what they come up with. I answered all the questions accurately and they emailed me a document within seconds with a DIP. I though the DIP had to come from the actual lender? Is this one from L&C even worth the paper it's written…
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Kensington Mortgage Overpayments
Hi all... Me & my partner recently got a FTB mortgage with Kensington back in March this year, and now that everything has settled down we're considering making overpayments on our mortgage as opposed to putting it in a savings accounts (high interest mortgage vs low interest savings). The overpayments we're looking to…
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NatWest mortgage - switch deal early (within fixed term)
Hello all - I have a residential mortgage with NatWest, currently with a touch under £28k still owing, at a fixed rate of 4.5% on a five year fix which still has 1yr 8 months to run. My Early Repayment Charge (ERC) is stepped reducing from 5% in the first year down to 1% in the final year of the fixed term, so I would have…
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Endowment Mortgage
My parents had an endowment mortgage in the 90's through the Woolwich. Obviously like all the others it never covered the short fall. Rather than complain at the time they accepted the short fall and got additional credit on the mortgage to cover it. Is it still possible to claim on this? It was never explained to them…
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Remortgage / equity release
TINA2018 View public profile Send private message Find more posts View all thanked posts Add to contacts Advice please- Remortgage Hi all, Im new to the form and would appreciate any advice from members. I own a commercial property which I bought two years ago. I’m looking to remortgage the property to raise some funds.…
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Transfer of title - HELP
Hi Transferring property equity as part of consent order and my solicitor is charging £833.00 to do the conveyancing works... this seems very steep! Does it have to be them that do it? Co-Op (DC Law) have quoted at £642.00 but I don't know if it can go through them? Please help! Thanks in advance
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Applying for a mortgage - Overdrafts
Good morning everyone. I am looking to apply for my first mortgage sooner than I expected. With it all being so new to me and having little experience I have a lot of worries. I have a planned overdraft of 200 pounds and over the last few months I have been into the overdraft for approximately a week before I get paid and…
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Mortgage - interest rates, credit ratings etc
My hubby & I currently live abroad to benefit from the increased salaries and save as much as possible towards our house on our return. Our plan is to come back in 18 months/2 years and we will have saved around 160k for a deposit and will be looking to purchase a house around 300 - 350k.... (Max mortgage 200k) Our monthly…
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Remortgage decisions - give up flexible with low SVR for long-term fix?
Mortgage thoughts. Hi all, we have been in this house nearly 5 years now and our current fix is coming to an end. We currently have about 60% of our mortgage on an old flexible deal that has a SVR capped at 2% above base rate. The other 40% is on a fix and coming to an end (where it will go to more like 4% above base…
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Mortgage with First Direct
Hi everyone So I am a first time buyer (residential mortgage), after doing several research and looking around. I found first direct to be the cheapest. I would like to know: If there is a change in my circumstances, does first direct allow/agree for you to temporarily rent the property. Has anyone been in this situation…
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Remortgaging in later life
Hi, Not sure if anyone has been in a similar situation so thought it may be worth a post. Background...I’m 33 and have a 4 yr old son, separated from my (soon to be ex) husband 3 years ago and have just sold our joint property. Ex has washed his hands of all responsibility, seeing our son and hasn’t contributed to property…
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Protecting my deposit on mortgage only naming Husband
My husband and I are purchasing a house for the value of £300,000. I am contributing a deposit of £103’000 from the sale of my previous home. I am currently not working due to a long term illness. Therefore my husband and I are unable to obtain a “joint” mortgage in both of our names. My husband is taking on the mortgage…
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100% mortgage and help to buy ISA if not using isa for deposit
We are buying a house under the shared ownership scheme and we both have a help to buy ISA. When we first started talking to the association to buy the house we had a decent deposit, but in the mean time my mum decided to get into stupid debt (think payday loan of ~4k) so I had to pay that off for her, and my partner paid…
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Trying to avoid ERC on Nationwide Mortgage
Hi All My husband and I took out a five year fix with Nationwide some 4 years and 8 months ago. Unexpectedly we had to relocate for my husband's job a few months back so had to put our house on the market. It is now SSTC and awaiting exchange of contracts and completion but we are in the frustrating position that by 1st…
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First time buyer, advice on affordability checks
Hello! I am looking to get my first mortgage next year and so I am planning now for the affordability checks, cutting back on expenditure and getting the bank statements into a better shape. I have a negative credit score due to a satisfied CCJ that expires in July 2019, I do have 3 credit cards, two from sub-prime lenders…
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Secured or unsecured debt? - which one affects credit score most?
If I had £20K less secured debt on my mortgage because this was paid off with a £20K unsecured loan, would this adversely affect my ability to get further loan/credit card if I ever need to in the future? Or doesnt it matter? e.g. option 1 £100K mortage, £0 loan. (13 years left on mortgage) option 2 £80K mortgage, £20K…
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Porting Mortgage Fixed Term
Hello, I'm currently trying to move house and have the problem of still being in my fixed term (which ends 01 Feb 2019). I looked into the Early Repayment Charge which is too high (£4000+) so I think my best option is to port my mortgage and remain with my current lender (Clydesdale Bank). My main problem with this is the…
