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Any downside to a 10 year fix if it's portable?
Hi all, I have a mortgage with Nationwide. It was fixed for 5 years in Feb 2014, so comes to an end next year. With Nationwide, I can pick a new mortgage next month and have been looking at either another 5 year fixed, or extending it to 10 years. I don't think I will be in my current house for the next 10 years (5 years…
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Getting a mortgage with defaults
Hi, My partner and I are ready to buy our first property together, however he has a bad credit file. He has had 2 defaults on credit cards, one was settled in January this year, the other was settled in July this year. We managed to get a mortgage in principle from a company called precise mortgages that lend to people…
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Expenditure before remortgage
Stupid question I know but I need to ask: Fixed rate ends in January. Looking to renew mortgage for better rates (and add partner to title/mortgage) so new credit checks etc. We're also looking to renovate the master bedroom but I don't whether it's better to wait until after remortgage, or do it before. We have the cash…
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Initial mortgage period ending, where from here?
Morning In the minefield that is mortgages, I have a few questions that I'm going you life experts might be able to help me with. We took out a 95% LTV mortgage to get on the property ladder, that 5 year initial period ends in January. So it's time to start looking at a new deal/remortgage. We paid £137,000 for our house,…
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House purchase fell through with Kensington, can I change the house on the application
Hi all, My house purchase had fallen through, due to length of time taken with Kensington. Is it possible to move my application to a new house, and if so will this add more time? My MA has indicated that an offer should come through any day but is based on the old house purchase. Thank you all in advance
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Nationwide Mortgage Renewal
Hi, I am hoping that somebody may be able to help. I have just been made redundant and we are expecting a baby next June. I would prefer to get a temporary job between now and June, rather than starting a permanent job and then having to tell my new employer that I am pregnant. Our mortgage with Nationwide is due for…
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Clydesdale Mortgage - Timeframe
Hello, Has anyone got recent experience with Clydesdale - I applied over 5 weeks ago via broker and still waiting on decision. Apparently its with underwriters. Just wondering how long they take. Thanks
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BTL remortgage, CTL denied
We had a residential mortgage for 4 years. We relocated, and have had our house on the market for 6 months. The residential mortgage product expired in August 18, and we reverted to Santanders SVR (which I then changed to FOR as the house was for sale and I didn't want to pay any arrangement fees etc). House sale has…
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In a mess 😕
Hi there, This is my first post so please go easy on me. Having a bit of a disaster at the moment, it's a long story but here goes.... In early 2008 we naively took bad financial advice and at the age of 23 my partner and I bought our first property through Mortgage Express with 100% mortgage on a flat for 93k. Fast…
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How do i know the date of a valuation?
Might be a silly question but I have had an offer accepted on a house and have applied for a mortgage with a broker, I had a call yesterday from my mortgage company to ask for the sellers details to arrange a valuation. Through looking on here people seem to know when the valuation is scheduled for, does the mortgage…
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TSB rates pre-BOE rise
Throughout June and July I phoned the TSB about remortgaging to a fixed deal and was told I had to wait till their IT issue was sorted, but “don’t worry, you won’t be out of pocket”. When the BoE rate rose 0.25% and I phoned again and was told, don’t worry, we will back date your deal. But it was only at this point however…
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Annual Mortgage Statement
Does anyone know how many working days it takes for Halifax annual mortgage statements to arrive? I've been told, by them - 3-5/5-7 and 7-10!! This was when I called them and spoke to 3 different people during 1 call. A case of 'I think I know but let me pass you onto someone who really knows'.
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Shared ownership earnings rule.
Just about to accept offer on my place, so need to start the ball rolling on my next purchase. My top choice locally is a new build but it's shared ownership. I read last night (to my dismay) that if you earn too much you can't go shared ownership. I earn 40k I was looking at a house market value 155k with 75% mortgage and…
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RSUs and mortgages
Hello First post ...found dream house only to realise that most mortgage providers won;t count RSUs in calculations. The annual value of my RSUs nearly matches my salary so without it counting I don't score for the mortgage :( Does anyone know any providers that include RSUs? Many thanks Gruffalo
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Is it foolish to buy my first house before Brexit?
We’re on the verge of offering on a house – as first time buyers – but the economic picture is giving me pause for thought. Many experts believe that Brexit could cut houses prices, with the most alarming predictions talking about a third in value being lost over three years. One the one hand… I’m employed full time PAYE…
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Mortgage Equity mess
Apologies in advance for the long and complicated story I am about to tell. I will be seeking legal advice (if I can afford to!) but would value some opinions. My ex partner (and father of my children) and I bought a house in 2007 for 190k. In 2010 we split up, myself and our very young children moved out as I could never…
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Potential mortgages so much smaller with financial commitments
I'm not really looking at moving but was just playing around with a mortgage calculator as there are redundancies going on at work and thought i'd see what we could borrow if the worst happened. I was struck by the huge difference that having fixed costs makes to any mortgage offer, even when net income after costs is…
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Scottish Amicable Life Assurance
Scottish Amicable Life Assurance Policy 1985 #7 17th Oct 18, 11:42 AM We were sold a Scottish Amicable Life Assurance Policy back in Nov 1985 . The amount assured was £9500 and the purpose was to part repay the capital of a 20 year £20000 mortgage. I remember the premiums were £20.66 per month for the 20 year period, so…
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Remortgage a gifted property
Hi there, just looking for some help quickly. My partner is being gifted a house from her family and we were looking at getting a mortgage pretty quickly after it's been signed over. Can we jump straight into one or do we have to wait 6 months? Bit confused really! We don't own a property or have a mortgage ourselves Cheers
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Mortgage offer conditions
Hi, I was hoping for some advice with regards to my current situation. I am in the process of selling and buying, as part of the affordability for the new mortgage I was told that I would need to pay a loan and a credit card off to be able to proceed to offer. I stated that I would pay the commitments and my mortgage…
