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5 or 10 year fix - what would you do?
Morning all Starting to decide what to do with the mortgage when current deal runs out in a few months. I am keen to fix, and can't decide if I should fix for five years or ten. This is our last house - it's very hard to think of a scenario in which we will move again. We have £180k outstanding, 16 years to run, and we…
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First time buyer - buy to let
My son who lives at home wants to get onto the housing ladder by buying a buy to let property as a first time buyer. Barclays could not offer him a mortgage because his £20k annual salary is below their threshold of £25k. He has savings of £40k and is looking for a mortgage of around £50k Does anyone know of any reputable…
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Mr kas
Hi. I divorce in 2012. Living in property with dother after divorce. Now i start make remortgage and left last thing just remove ex wifes name from morgage. But ex wife not alowed. She dont want money , she dont want anything , she just not aliwed. What can i do? Can someone can help my?
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Shared Ownership
Hello, hoping somebody can help me. I'm currently in a shower ownership property, having a 40% share, so paying around £500 mortgage and £400 rent. I got my mortgage statement through recently and off the £6000 I paid, £4800 went to interest and £1200 went to mortgage. Now considering I'm paying nearly £5000 in rent, of…
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Likely to be declined remortgage due to childcare costs. Any other options?
Two years ago my wife and I applied and were accepted for a mortgage. We were advised at the time that only one or two lenders did not take childcare costs into account at all when assessing affordability. The mortgage, fixed for 2 years on our three bedroom house, was cheaper than our rent on our two bedroom flat so we…
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Current Mortgage and Equity Loan?
Hi Everyone, We currently have a mortgage, 3 years in to a 5 year deal. We're wanting to move house to a new build within the next 6-12 months when they are built. We'd like a large, detached, so ideally would use the government equity loan to help with this. Is it possible to get the loan for a new build, even though we…
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Far from straightforward, what’s the chance of being given the green light?
Hi, I am after some help regarding a mortgage, Our situation is not a straight forward one, which is why I hoping your combined knowledge maybe able to give us some guidance. We voluntary surrendered our property back in March 2016, there was a very small shortfall after the sale in August 2016 which was paid in full in…
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Family House Swap/Inheritance Advice
Hi All, Apologies for the thread title but I really had to idea what to call it or even if it was to go in this section. Hopefully someone can help or at least point me in the right direction. It’s all a bit complicated but here goes... So, our current situation is I have my own mortgage on a house I paid £78.5k on and…
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Natwest valuation
Hi, I applied for remortgage with NatWest. According to online tracker and adviser it has been passed for Valuation on 15tj Jan. The NatWest adviser told me it will be drive pass valuation so they will not need to enter the house. How long does it take for report to come back? Also do you know who they us? I am based in…
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Equity loan from the building company
Hi all, looking for advice please... we have got an interest free equity loan from the building company for 10 years. The plan was to sell the house and return the loan with money received from the sale. However, time is ticking and the house is not sold yet (on the market but no bid received yet). So the question is -…
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Remortgages with accord questions
I'm just about to remortage with Accord and just wondered if anyone kows Do they check anything with your employer? My employers are just so lazy with this kinda thing and i know I'd be there forever if this is the case. How long they normally take to complete a remortage?
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Remortgaging soon - PCP/Loan question...
Hi, In May, my wife and I will be looking to remortgage and free-up some capital for a house extension/renovation. The house is worth approximately £340k and we've currently got an outstanding mortgage of £203k. I currently have a PCP car which has £13k left on the finance, and as the 3 year PCP ends shortly, i'm wanting…
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Remortgae Advice
Just after a bit of advise, im currently on a 5 year fixed deal with ybs thats expiring end of March. Property Value - 185k I will owe end of March - 70k LTV - 38% I've seen First Direct are doing some good deals but I can't get my head around what is the best deal to go for as they have deals on lower rates with fees or…
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Shared ownership staircasing question
(Firstly, apologies if the following query has been answered elsewhere; I did a quick search for 'shared ownership' threads in this forum and couldn't find anything). My question: I am a shared ownership leaseholder and have paid off the mortgages on a 75% share of the property (first took out a 50% share 20 years ago,…
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Looking for a mortgage exit fee table
I recall a couple of years ago seeing a table that showed the different mortgage exit fees companies charged, with some broad organisations charging differently depending upon which of their groups is handling the mortgage. There was advice on how you could contact the provider to ask for the difference to be refunded if a…
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Equity release advice
Hi, myself and my husband are both under 40 and own a house with no mortgage. How can we release some equity out of the house? Is this classed as a remortgage? From what I’ve read so far equity release is for over 55s? House is worth £300,000 but due to major house renovations we have debts of over £30,000 on credit cards…
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Halifax mortgage process - FTB
Hi, I've applied for a mortgage with Halifax yesterday using a MB, during the application the MB call Halifax to run through the paperwork with them and based on this a valuation was booked for Monday....which is quick. does this mean we have passed as class A with Halifax? Can anyone give me information on the actual…
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Transfer of Equity
Hi Quick question regarding a transfer of equity. My ex is being removed from our currently joint mortgage and my girlfriend is being added. The house is currently under extensive renovations and if it were to go on the market in its current state, it would probably sell for £40k less than it's current valuation by the…
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mortgage advisor / broker recommendations wanted
Hi there, My husband and I are would love to buy our first home this year. Due to business failure we both went bankrupt and it is coming up to 6 years since this happened. We are looking for some help with finding a mortgage and advice on buying (we would maybe like a help to buy property and mortage but unsure if we…
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Which part should I overpay?
I currently have a mortgage with two parts: Part 1 is a 2.40% fixed rate until 31/10/2020, balance £93,920 Part 2 is a 3.10% fixed rate until 31/12/2022, balance £73,983 Remaining term is 32y 11m :( (I'm hoping to increase overpayments over time to reduce this as much as possible!) I am currently overpaying: I'm not…
