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Nationwide tracker mortgage - what's the catch?
I have a NW mortgage fix coming to an end soon. I expect receipt of a lump sum in the next 6-8 months which I want to use to pay off a significant chunk of the mortgage (well above the usual 10% fee-free overpayment allowed) and maybe remortgage to a long term fixed deal at that point if makes sense. So, for the moment, I…
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Spouse visa 10% deposit
Hi I was just wondering whether there had been any success stories of people being accepted for a joint mortgage, 10% deposit with one person on a spouse visa? Wondered whether there was any point in trying or whether it's a no go. Thank you
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Help needed fast for Company Director
My partner & I are buying a new build house and should be exchanging contracts in 2 days. My partner had a mortgage offer in writing from Halifax Building Society. However they have now retracted their offer after sending details to their underwriter. The situation is this - my partner was a Company Director and…
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Advice on ex defaulting please
Hello hope someone can help. My partner split from his ex around 6 years ago and we live together for the last 2.5 years. He is on their mortgage (never married if that makes a difference) and pays extra to her towards the kids which covers his share. They have 3 kids and he pays £600 a month which is nearly double the…
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On DMP Mortgage chances?
Hi and thanks for reading post I need some advise to help me decide which way to go. After a divorce and 2 kids I have debts, 35k, managed by DMP for the last 6 months. So credit rating non existent.... MY parents are willing to sell their house to settle my debts (will try and negotiate so some will not be full…
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Kensington Remortgage
Hello All, first time posting so be gentle with me. We currently have a 2yr fix with Kensington which is coming to an end in Jan 2019. We spoke to L&C and due to our circumstances (my wife is self employed) our only remortgage option was with Kensington on a another 2yr fix at 3.04%. The broker said we would have to pay…
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Mortages for over 55s
Im in a bit of a pickle. Don't have any savings or deposit and would like to buy a house in the future. I have had a house previously but sold it and since used all the money from the sale to live on having been out of work at various times. My family and I are currently living with parents so have no equity. Im concerned…
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Overpayments clarity
Hi, I'm a little confused about overpayments. We overpaid our mortgage a few years back, putting about £15,000 worth of savings into the mortgage. This obviously brought down our payments, and helped pay off a chunk of the loan. A friend had recommended we overpay with our savings, because they were interest free, and that…
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Ucb homeloans difficulty redeeming mortgage
I've been trying for two days to pay off my ucb mortgage and given conflicting bank details by them , my bank have tried chaps and faster payments but their bank is refusing them! I've submitted a complaint and am posting a cheque made out to them then my name in brackets afterwards which I read somewhere . Anything else I…
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Completion Statement (image attached)
Hi all, im a little confused to why this has happened. Price of house = £148,950 10% Deposit from us = £14,895 Money to be loaned from lender to cover the remaining 90% = £134,055 This makes the mortgage paid in full, however the sheet i've got states my lender will be lending £134,305 (which is +£250 more), just want to…
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Credit rating post Decision in principle
Hi everyone I have had a decision in principle from Skipton and seeing my broker tomorrow to submit a full mortgage application for the property I have my heart set on. I have just checked my noddle account and my rating has gone down from good to fair. I have noticed there are three recent searches on there (one from…
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Ltd company owners, get on ladder ASAP or wait?
Hello, apologies if already asked, please point me to the relevant thread if it has. But this is a tricky one. We are first time buyers, 50/50 shareholders of our Ltd company, which we do freelance Graphic Design through. Our business has been trading over a year (Aug 17 -July 18) and we have submitted our first years…
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Remortgage Advice
Only have @ £17,500 left with 3 years but on SVR 4.99%. Is it worth me remortgaging to better rate as I see the admin/set up fees are high & I would struggle to find that initial outlay?
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Remortgage Frustrations as a result of L&C
[FONT=Calibri,Helvetica,sans-serif]I am really frustrated with the mortgage recommendation from L&C as it has caused lots of delays and extra costs as a result.[/FONT] [FONT=Calibri,Helvetica,sans-serif] [/FONT] [FONT=Calibri,Helvetica,sans-serif]I was advised I should go with Nationwide and yes on paper it looked a…
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Remortgaging with car loan
Hi All! Back on here for some more advice! We are in the position where our mortgage fixed term will end in August 2019, so we'll have to look at remortgaging it. The problem is that we are in need of a new car, my wife's car is now not viable and she commutes 60-70 miles a day. (My car is a cheap £600 jalopy that gets me…
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remortgage to a similar time duration?
Hi guys, Bit of a silly question here but I hope no one minds :) I currently have a 278k 35 year mortgage on 2.5 year rate of 1.49 which will later revert to 4.49 tracker. HTB loan was 75k. I am hoping to remortgage in the year 2020 and pay off the htb via the mortgage. Is is possible to request another 35 year mortgage?…
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First time mortgage - no deposit 75% LTV?
Hey, Ive tried searching the forum for an answer but my question is quite specific, so far I haven't been able to find an answer, apologises if it has already been answered elsewhere. My mother is selling her house to my brother. The house is valued around £200k but she is selling it to him for £150k. as a first time buyer…
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Mortgage Application (Maternity Leave)
Hello My wife and I are planning to leave our rented flat in London soon to buy a house in Sussex/Kent. As we are FTBs I am planning to speak to a broker as our circumstances are a bit unusual I think. For illustration we have two children of 2 and 10 months and my salary is £60k, my wife’s is £15k. No debts and deposit of…
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Acceptable types of income for mortgage application
HI All, I am currently trying to re-mortgage using mine and my sisters income to apply. However, my sisters circumstances have changed. She left work in 2016 due to mental health, but has lived off an income protection plan (provided by her last employer) that will continue to pay 75% of her wages (still £800 p/m more than…
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Equity release, remortgage or other?
Hi. I hope this is the correct place for this. We want to help our daughter buy a house. We have 80k equity and she has no mortgage, should we draw down on the house or remortgage to get her a deposit?
