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Family moving in after we have on a mortgaged property
Hi, I hope someone can help me. We are about to move into a new build property with a mortgage .. my parents and brothers are possibly going to be evicted from their home and I know they are going to ask me if they can stay at ours. Whether that be a few months or maybe a year I don't really know... Does anyone know if…
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Mortgage and Credit Cards
Hi all, We are currently looking at our options for a mortgage. We are waiting until the new year as the marketh as slowed in our area, this should give us some time to ensure that no frivolous expenditure goes through our current accounts. However I have a general question about credit cards. I have 8 credit cards, all…
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Mortgage, PPI, Endowment - Bereavement
Hello I am new to the forum and have a query that I hope someone can help me with. I have been dealing with Nationwide in relation to a mortgage that my late husband had with them, initially Portman Building Society. My husband passed away in 2012 so I am dealing with this via grant of probate through a third party…
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question about early repayment charge
Hi, I've received my annual mortgage statement. It shows my early repayment charge but it says that in 2021 any early repayment charges will cease to apply. Does it mean the bank won't charge me if I make early repayment/pay off my mortgage early in 2021? I still have about £74K to pay with 13 years to go. Thanks. San
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Re-Mortgage and/or Equity Help with Bad Credit
Hi Everyone, Long time follower and reader but first time poster! I need some advice on remortgaging and/or equity release with bad credit. i currently have debts of £14,000 through 2x credit cards, a shop account and other methods leaving me with an extremely poor credit rating. I can currently afford monthly bills paying…
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Mortgage Overpayment charges
I want to make a one off overpayment to my Natwest mortgage to reduce the term of the mortgage. The payment is within their rules for overpayment. I am told that I must go through an affordability check which will take approximately 2 hours and cost me £35. This is presumeably similar to the affordability checks that were…
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Mortgage advice - Repay shared equity or wait
Hi It would be great to get some opinions of some mortgage savvy people here. Basically, we bought a house 7 years ago with 15 shared equity. Not something I would do now, but we wanted to keep mortgage payments low at the time. So we own 85% and the finance company provided by the builder owns 15% of the value. If the…
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Mortgage application & credit
Hello I am currently applying for a mortgage (with Natwest, with whom I also have my current account which is run entirely in credit) in my sole name. LTV is c42%. My broker has advised me to stop using my credit cards until completion (most likely January) 'just to be on the safe side'. I use 2 cards for regular monthly…
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Is it fraud?
Hi I maybe about to ask some silly questions so beware, but no question is silly if you don't know the answer aye? I'm a bookkeeper, qualified and I have been doing accounts for industry employers for years and i've reciently become self employed as I have kids ect so it works around my life. Anyway I do the books for a…
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Delete
Nevermind - figured it out!
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Endowments and money laundering
I have endowment that has ended and because of money laundering regulations the money now gets sent to my wife and I to send to our mortgage provider instead of being sent to our mortgage provider directly. My concern is that she will keep the money instead of sending it on. Is there anyway around this?
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100% mortgages
hi me and my wife are really wanting to get a foot on property ladder but to do this we would need a 100% value mortgage. we have no family that can help us and are just getting out of years of debt (caused by helping family) so I know its a long shot but has anyone heard of lenders who will do 100% mortgages??
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Multiple mortgage applications in a short period of time
I'm a first time buyer and I am attempting to purchase a new build property on my own using the help-to-buy equity loan. Through a broker (Who works for the estate agents selling the property), I consented and signed for a mortgage application, which was eventually approved. The broker also put through the application for…
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Transfer of equity
Hi, Me and my partner brought our first home together in May, but have now sadly split. We are not married. We are tenants in common and I have a trust deed to say that if we sell, I get the money back which I put down as a deposit. She did not put any money in at all. I am looking to do a transfer of equity and get the…
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Mortgage for over 60
Apologies if the answer is posted elsewhere, I am not the greatest at searching. (no excuse I know) I find myself at the age of 62 starting again and although I was initially looking to rent I have been left some money, £35k, which has made me wonder if a mortgage might be a possibility. Currently 62 with a pension of £27K…
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Property Under Key Worker Scheme - Not a Key Worker
Hi guys, Quick question as I'm not 100% sure on this one. I've found a property that I'd be willing to view, however in the description it says that it's a part of the 'Key Workers Scheme'. What would this mean for someone like myself interested in the property but doesn't work in any of those sectors? Does the price stay…
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Mortgage for house with a ruin
We have found a fantastic property to buy that is a grade II* listed building. There are several sections to it. One of the sections is a roofless, windowless ruin. Work has been carried out to ensure that it will not fall down. so it is safe. As it is listed, it cannot be demolished. We would leave that part as a ruin as…
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surrendering endowment - tax payable
I am surrendering my endowment which I started in oct 1999. It was for 25 years I have been paying in regularly 130 per month, so it has been going to 19 years. Sum insured is 67K. surrender value is 44K On the surrender letter it says "A withdrawal from your policy may result in a charge to higher rate income tax…
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10 yrs left, Fix or no Fix?
Hi all. I have come a long way over the years with the support of these forums. I can now see a light at the end of a very long tunnel and don't want to get it wrong at this late stage. Property value £500k 2 Mortgages, both with Barclays. 1st - £30k rate = Lifetime Tracker of 0.19 above BEBR. 8 years left. Not touching…
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Paying mortgage ERC charges or porting mortgage?
Hello, I'm looking for some advice please. Basically, we're not overly happy with area of the new build house we bought 2 years ago and are thinking of selling our house to buy my husband's Uncle's house. The problem is we're currently 2 years in to our 5 year fixed rate mortgage which has early repayment charges of around…
