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Offset Mortgage Advice
I'm coming towards the end of my current 2 year mortgage rate and I'm considering taking out an offset mortgage when it comes to remortgaging. Just had a few questions and was wondering if someone could help. I have an outstanding balance of around £125,000 left on my mortgage. I was considering borrowing and using my own…
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Mortgage broker suggestions
Hi, Im in need of a mortgage broker however, my partner hasn’t graduated yet but she does have an offer letter and is due to start in June (no conditions attached). I’m currently a trainee so I’m not on a mega salary. Does anyone know of any mortgage brokers that specialise/will be able to assist with getting a mortgage…
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Agreement in principle
Hi I’ve just done an agreement in principle for a mortgage but it says it’s based on a term of 39 years and if I want to shorten the term they would likely offer me lower than the amount stated. I’m worried that I won’t be able to get a mortgage on my own. Please help.
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Mortgage advisors/brokers- please help!!
Hi I'm hoping someone here can please help/advise on my situation. I'm a first time buyer, have had an offer accepted and all the legal work (survey, searches, inquiries, etc) is complete, but I'm yet to receive my mortgage offer after nearly 7 weeks. I decided to go with a broker because of my financial situation but was…
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Precise Mortgages - Final Checks before offer, what are they?
Hi there - long story short..... My precise mortgage is sitting at the 'Offer' stage pending 'Final' checks. - just need to confirm if any of you good knowledgable people can help? * What are these checks? * Can it still get declined at this stage? * Am I worrying too much?
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Help finding broker/lender for family assisted scheme
I am looking for some kind of family assisted and/or guarantor mortgage and struggling to find a broker who actually deals in these, given they're quite niche. Can anyone help point me in the right direction? Basically, I want to buy a home for a close family member. I own my own home (well, about 33%, the bank owns the…
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mortgage chances wrecked?
So i posted the other day, basically first time buyer applied with nationwide for my mortgage. everything went through fine. Then the valuer went out and said they were not prepared to lend on the property because it is opposite an off license shop and this negatively affects the value. I appealed this as the mortgage…
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Student remortgaging options
Hi all, I've been reading the MSE emails for some time now and thought I'd have a go at asking the internet financial gurus for advice. As you can gather from the title (and my username) I'm a full time student. I bought my flat 4 years ago while I was working full time and now nearing the end of my 2nd year fixed rate…
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Will getting a Personal Loan scupper my chance of mortgage for new house
Hi all I've got £15000 on various balance transfer credit cards and these will need switching shortly. I'm currently paying them off at a rate of £290 per month combined. I got a letter through the door re:Nationwide Personal Loan at 3% and thought it might be better to simply put everything on that and get rid of the debt…
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Help - Mortgage advice please
Hi. I recently saw a mortgage advisor and I'm more confused than ever. Background 1. Current residential mortgage (joint): £165,000 mortgage. Value of property £500,000. 2. Aim is to withdraw an extra £200k and swap above mortgage to BTL. So BTL on interest only for £365,000 against a value of £500,000 Expected rental is…
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Removing name from mortgage
Hi, I was wondering if anyone knows if it is possible to remove a spouse from a mortgage? We are happily married but would like to transfer the mortgage into just one of our names. I expect this will not be possible but i would like to know. thanks in advance.
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Joint Mortgage - One With Poor Credit
Hi, Looking for advise please. Partner and myself have put in an....
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Strange Decision in Principle
Hello Thanks
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Looking for a broker
I would appreciate recommendations or guidance on finding a broker who is experienced in helping people get a remortgage when they have had past credit problems. I am in East Anglia. In 9 months time our interest only mortgage comes to an end and we will need to remortgage as unable to pay it all off and lender is Bradford…
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Are we 1st time buyers?
Hello 15 years ago I had a part rent-part buy house. I sold it in 2008 and have been renting since then. I have subsequently met and married my wife, and we have been saving hard to get back onto the property ladder. I had been considering a lifetime ISA to help get the money funds up, but I fear that since I had a half…
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Overpayments
Hi all, We currently have 2 mortgages with our bank (1 from the old house), and therfore have 2 current rates but both have the same number of years remaining.. We are now in a position to make small overpayments. Would it be better to make the overpayment off the larger sum (Approx £150k) or the smaller sum (approx £55k)?…
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Do I move off of the BMR?
Hi all, Slight dilemma here and it is driving me a little mad.. Currently we have around 76k on Nationwides BMR @ 2.75% due to end 2038. My dilemma is do I move off of the BMR as mortgages rates are much better at present than 2.75%. I do have another mortgage (76k was ported over) which is around 52k on 1.54%...…due to be…
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Using Multiple Brokers
Not sure if I'm asking a daft question here, a bit of background: I have a rather precarious mortgage situation (Self employed, 1 year accounts, adverse credit) which means that I haven't been all too confident that I would get one. So, in order to improve my chances and find someone who fits I've spoken to about 5 brokers…
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Remortgaging/Fixed rate interest
Hi all So, my partner and I bought our property together back in 2017 and our first Fixed Rate mortgage is due to end on 28th Feb this year. The interest rate is currently 2.04% with Halifax. We have a repayment mortgage and we have now fallen below 80% LTV so while we had a good initial interest rate as first time buyers,…
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Cant be right mortgage refusal
House value 275 90k deposit 50k employed salary same company last 7 years Married 1 10k loan No other outgoings company car phone fully expensed etc Ltv 62% Need Mortgage 185 Credit history glowing Max loan offer 162!
