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Mortgages & endowments

Archives for January 2019

Mortgage provider or surveyor. Who plays god?
My name is Mark Bougin. I have a purchase of a timber lodge pending. The provider was supplied with all the land registry details before they sent a surveyor. You can live in this lodge 12 months a year however you have to have a second property. The manager at Santander knew these details 4 months ago in advance. The…
Help with a mortgage situation
I am new to the forum and am hoping that someone will have some answer for me, I want to help my son purchase a property, he can borrow in his own right £130,000 but needs another £100,000 to get the property he needs, I have this money in a savings bank account and would like to help him but I need to safe guard my…
Overpaying mortgage
Just a quick question. I'm in a fixed mortgage @2.69% and I'm allowed to pay 10% a year off penalty free. After that its 4% penalty. Say I paid an extra £10k off on top of the penalty free 10% how much would it really cost me? 4% of £10k would be £400 but wouldn't I also be saving paying £269 in interest? Thanks for any…
Property "unmortgageable" due to maintenance
I am currently trying to get on the property ladder and for my first house I've always wanted a doer upper, something I could do a bit of work on and add value to. Also for the area I'm trying to buy in something fully modernised wouldn't really be in my price range. So I found something that wasn't terrible (see pics) but…
FTB HSBC Mortgage Woes
Hello everyone I applied for a new mortgage with HSBC say almost 3 weeks ago now. Everything has been submitted (unfortunately due to being paid in foreign currency HSBC are the only ones who will entertain my application) I've supplied everything to them and should of had a decision earlier this week, but after being told…
Mortgage large deposit first time buyer
Hello, I am looking at a property in the region of £200k. My dad is going to help with a gifted deposit of around £100k. Or would it be easier for mortgage purposes if we just said he owns 50% of the house then I just take out a £100k mortgage? Which would be best way to do this? Many thanks
Nationwide Mortgage Overpayment
Hi All, I have a Nationwide Mortgage, where large over-payments I can choose whether to reduce monthly payments or reduce term but small over payments always just reduce monthly payments. In the past, I have just overpaid when I can, but often lower than the threshold to reduce the term. I am considering overpaying £50 per…
Mortgage and Airbnb
I own a rental house with a buy to let mortgage. I have a tenant living there but would like to let the other room via Airbnb. The tenant is happy with this. However, I've read that no mortgage provider allows Airbnb (either in a private home or a rental property). If the company finds out apparently they can demand…
Getting a mortgage quickly
Hi everyone I need some advice I just found out I'm going to be a dad for the first time Because of this I realised I need to own my own home I'm on a decent wage and can save a fair amount in the next few months The question I have First time buyers how is the best way to maximise any savings to get a small home of my own…
Second charge mortgage - changing deals?
Hello, We are looking to take out a second charge mortgage as a secured loan to carry out some home improvements. The broker seem to have never called it a "second charge mortgage" throughout the process, and now we've received the paperwork - and are now in our reflection period before we sign - it's showing mortgage…
Mortgage help! Coming off a mortgage
Just wondering if I could have some help! I have been on a mortgage with my sister for a few years however me and my girlfriend are wanting to buy our own property but can’t as I’m on a mortgage. Because of financial reason my sister is unfortunately having to sell her property. I Was wondering if there was anyway for me…
Mortgage overpayment
I recently went into my bank as my 2 year interest rate was going to run out and went to arrange a new rate. At the end of the appointment, it transpired that I had over paid (only by my monthly payments set by the bank by over £12,000). I had made some extra payments from a Pension lump sum and one was classified as an…
PhD income - lenders
Hi does anyone know a list of lenders that would consider PhD stipend income? So far I know platform and Kensington consider this type of income.
Self employed mortgage
Hi I'm current with Halifax and looking to move house and borrow more but I went self employed last July so 7 months books. The Halifax have given me a mortgage in principle based on my projected figures for the next 2 months meaning that in april with my 9 months books and with an sa032 tax document in april confirming my…
Mortgage - pay off credit cards?
My fianc! and I are about to start looking to buy a bigger property. He owns the property we currently live in and we plan on applying for a joint mortgage. I currently have about £8,000 over 3 credit cards (out of an available limit of £22,250). These credit cards are all interest free until December 2020. Just looking…
Joint Borrower, Sole Proprietor Mortgage Help
Good Afternoon, Sorry if this has been completely covered elsewhere on the forum already, I know it is annoying when people ask the same question over and over. I could really do with some help if possible. Me and my partner are looking to buy a house and we are living together but not married. She is a first time buyer…
Mortgage account with cheque book
Can anyone help me with somewhere to start? My parents have struggled over the years, always paid there mortgage and would have been mortgage free next year but about 7/8 years ago Barclays sent them a cheque book and said you can use this to draw on money you need. I don't think they really understood, however, instead of…
Old Interest only mortgage - claim? is this legit?
Hi - my partner and I had an interest only mortgage from 2004 to 2010. We received notification from a 3rd party (not from Santander direct) that we might have had the interest miscalculated and are due a refund. I progressed with the claim with the Mortgage Audit Bureau who have now advised us that we do have a case and…
Right to Buy - Purchasing joint with Mother
Hi, My Mother is a tenant in a Right to Buy house. She recently tried to get a mortgage on the house with my step Dad, but due to his terrible credit rating it isn't possible. She has clean credit, but has a low income. Only earns £9.5k, and needs £43,800 for the mortgage. So I was thinking of buying it with her. I'm high…
Help to Buy Mortgages Comparison
Hi, I'm struggling to find a mortgage comparison site that I'm able to filter for Help to Buy mortgages only. I'm looking for 5yr fix, 25 years 75% LTV product. Best I've found is Barclays at 1.97% + 749 fee and Santander @ 2.09% + £999 fee less £250 cashback. I've looked online at Nationwide, Chelsea, Halifax, HSBC/First…

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