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Is it to early to apply for another mortgage
Hiya guys I'm new looking for some advice, I was looking for a house were we wanted to live and year went by and none come up for sale so we decided to buy a cheap buy to let and I've been accepted about 3 weeks ago and the mortgage company have just sent me the offer in writing, The thing is, is that a house has now come…
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Bad Tenant wants a reference for mortgage and i want them out
Hi all, I'm caught between a rock and hard place. My tenant has been in my only rental property for two years, in that time they have only paid on time twice and have been in total over 6 months late, so basically its stress every month chasing them for their 'free overdraft' that i'm giving them. Anyway, they want a…
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DIP Question
I sent the estate agent a screenshot of my DIP from NatWest. However, as this is just an indication of my affordability to take out a mortgage, am I still able to shop around for the best mortgage deal elsewhere and proceed with another lender? They wont for example insist I go through NatWest?
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how to know how much I can borrow
I'm new to the house buying and getting a mortgage game so please excuse the potentially stupid questions... I've had a look at various calculators to see how much I could theoretically borrow... but I'm hesitant to start seriously looking into properties until I know exactly how much of a mortgage I can get. So my…
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Mortgage Deed
Just logged onto my conveyancing portal and noticed messaged states, Mortgage Deed and our Terms of Business sent. Assuming this is the Offer from the new mortgage provider...would call the office but will be shut and im super curious/excited.:j
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Paying off a fixed interest mortgage not such a good plan
I am lucky as I can pay my mortgage off now or very soon. I owe about 113,000 and have until end of April 2020 on a fix of 1.69% before reverting to the SVR. Instead of paying it off (and incurring either a 2% -now - or 1% - from May 2019 - charge), it seems from my sums (:eek:) that I'd be better off putting 17 grand…
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Misselling of interest only mortgages..?
Until becoming mortgage free a couple of years back, I'd had a series of interest only deals over perhaps twenty years. I'm beginning to see spam emailing relating to 'misselling' of these and 'claiming'. Is there anything solid behind this?
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Adding credit card debt to mortgage
Just wondering if anyone has done this? I'm 35 and have had a credit card since I was 18, and up until this year the most I've ever owed is around £2,000 We've had a very expensive year (had to buy a car in March, got married and going to Australia on holiday) Current debt, spilt over 2 cards is £14,000 We have a lot of…
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Lifetime Mortgage advice please
We are seriously considering a lifetime mortgage equity release plan. We have read all the paperwork several times, our plan is to release £30,000 on a house worth £180,000, in 21 years the total owed will be just under £80,000. In 21 years we will be aged about 90 and don't really expect to still be here. There would…
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FTB - Post Office First Start - Is this a good product?
Looking at this mortgage it seems a good idea whereby the FTB may have the deposit but may not have the salary in terms of affording the remaining value of the property, the affordability is then propped up by a family member taking their salary into account to cover and increase the amount required to borrow. The…
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Final Checks before sign off
OK, I'm sure this has been asked a thousand times before so many apologies. I currently have a mortgage application going through Pepper Home Loans. They have had all my paperwork, it appears the mortgage has been underwritten and the house I'm hoping to purchase has been valued. I know they have valued it at the same…
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Residential morgage: Renting out house for fixed limited time?
Hi, we've bought a house 2.5 years ago (FTB), financed by a 5-year fixed-term morgage from The West Brom. I may have to move for a period of max 2 years because of job. We'd just like to rent something during this time and then return to our current house. To help with finances, we'd like to rent out the current house for…
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Something about worried about mortgage extensions
So we're currently applying for a new build help to buy mortgage. We're FTB and if we do exchange in the next 2-3 weeks we will most likely need a mortgage extension as the building won't be ready till May. With how we don't know what will happen in March with Brexit can Barclays (who we are applying with) just decline the…
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Deposits
Morning All, My Wife and I are hoping to be in a position by Jan '20 to put a deposit on a house, however we were talking last night and thought of a way which could mean we can start proceedings in Apr/May '19 instead. We have been saving regularly for our son in a couple of different child saver accounts (shopping around…
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If I pay the most I can pay monthly on my mortgage...
Hi guys, I'm currently paying (And have been since I got my mortgage) 10% capital on top of the standard monthly mortgage rate - the most I'm allowed to pay before I'm classed as paying over the threshold where it justifies the bank charging me a penalty. I'm doing it obviously to shorten the total period length of the…
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Using mortage credit function for quick cash?
Just looking for some advice /thoughts from you lovely people (not been on here for a long time and normally just browse). Currently have a 2 part lifetime tracker mortgage with 11 years left; Part 1 (repayment): 42k @1.5%(BoE +0.75) Part 2 (interest only): 62k @2.74%(BoE+1.99), currently overpaying by around £400-£500 per…
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Negative equity
Has anyone ever negotiated their negative equity with the bank directly themselves. Particularly the Halifax? I have spoken to a company who do it for you but there is a 4K charge, the Halifax are saying they will want it all, but I saw a thread on here that is now closed of a guy who said he did it himself. Thanks
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mortgage insurance policy not to exceed set limit?
Evening all, I'm a couple of days from completing on our house move. I was sorting out the buildings insurance today and to my error missed a clause whereby the lender states "the excess on your policy does not exceed £1000 for subsidence, landslip ..etc". Thankfully our solicitor has pointed that out to me this evening…
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NHS Unsociable Hours & Payslips (FTB)
I am 32, single, no dependencies, no debt, credit rating 996/999 and have £32,000 in savings. I've been working at an NHS hospital for almost 3 years now. I earn £17,460 starting September 2018. My old pay slips show my previous part-time salary of £15,830. NHS staff are entitled to unsocial hours enhanced pay for late…
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Buying a house in today's Brexit fueled climate
Hello, I am after some advice with regards to getting on the housing ladder. I am 52 and my wife is 48, I am in full time employment with OTE of approx. £40k pa, my wife is mainly part time. We have been renting for many years and have got to a point where we would really like to have our own place. We were really trying…
