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Nationwide Mortgage
Hi there, In view of the recent article about mortgage prisoner, I have a question. I have a mortgage with Nationwide which was a initial big sum. To do the house up we got 2 additional loans. Now for the last several years I have been renewing the products every 2 years as a fixed product. I note all three…
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Add 999 fee to 17 year mortgage switch
Is adding 999 fee to almost 17 year mortgage term switch from existing fix ending a concern at all. I only ask as I want to keep the option of moving, next year or two to rented flat if one becomes available. 42k 16year 8months term Considering 2 yr tracker 1.94 -base +1.19 -999 fee to be added -241.85 ('I'll pay 275) Or…
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can anyone explain product fees and application fees?
Why do they exist and is it usually cheaper to pay they up front?
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Mortgage with bad credit.
I’m just looking for a little advice to see if anyone else has been in this situation as i’m One of life’s big worriers! My partner and I want to buy our first home together but I have 5 defaults registered on my credit score (due to a divorce leaving me with nothing). These were registered in late 2013 and 2014 so are…
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AIP really low, any ideas?
Hi I have done an app with Halifax and am really surprised at how low the value they can lend is, can anyone shed any light on why it might be? Details are Applicant 1 Fixed term contract, salary £38918, Child Benefit £1076. 2 credit cards cleared in full every month. Childcare costs £280 per month Applicant 2 permanent…
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First time buyer
Hi I’m running through my finances on the mortgage calculator and it asks for information about monthly commitments including credit cards. Now I don’t have a large credit card debt as I just spend on it and pay in full at the end of the month. This leaves no balance left for that month that’s due on it. Do I still need to…
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Right to first refusal to buy out ex partner?
Hi all, Need some help and advice, I’ll provide brief backstory; Have a house with my now ex partner. Trying to sell, been on the market for a while. We have an early get out redemption fee on mortgage of 8k. We have now had an offer on the property, for what it’s on the market for, but this has been reduced since first…
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Old Defaults
Hi, Looking for a little advise. My partner and I have been saving for a mortgage for a little while now and we are hoping to have a 10% deposit around October time. I have two saticified previous defaults that are expected to clear from my report in September/October. We are waiting for these to go before we apply for a…
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Platform: 10 weeks, no mortgage offer
Hi All, We are going into our 10th week with a mortgage application from Platform. We have had an issue with drains which was flagged on the valuation which required a report which was conducted within 5 days and returned to them. We have then had Christmas. Our enquiries have been returned and our searches have been…
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When to start looking for houses/applying for mortgage?
Hi, I just wondered how long I should leave it before looking for a mortgage/seriously looking for a house. Last year I checked my credit score and realised it was 'okay' owing to using a lot of my available debt. I have a £2,000 overdraft and a £1,600 credit card. Since seeing that, I have focused on paying off both in…
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Credit check after remortgage offer?
My basic question is this; once a lender has given us a remortgage offer in writing, will they conduct a further credit check prior to actually giving us the cash if there is a period of several months separating the offer and the cash? To add a bit more detail: - Fix ends on 31 July this year - Would like to get…
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Interest Only Mortgage help
I have an interest only mortgage with 6 years remaining left to pay. I have been out of work now for 2 years due to I'll health and have mortgage arrears of 4800. My partner is currently paying all the household bills etc. My question is that the mortgage is only in my name and I have very poor credit rating. I would like…
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Borrowing for an extension without equity
Hi, Husband and I currently have a mortgage with an 86% LTV (owe approx £115k on £135k house). We would like to build a 2 story extension to create extra living/sleeping space for ourselves and our 2 young children. Our problem is that we don't have enough equity in the house to be able to remortgage with its current…
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Halifax Mortgage process?
Hi, We are currently in the process of first time buyer help to buy mortgage with Halifax, Our broker has submitted the HTB application and also has sent our documents to Halifax (they’ve advised that they’re happy with these) We have paid the valuation fee and are awaiting the result of this, is it after the valuation…
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Early Repayment Charge - Moving to a cheaper house
Hi, I'm hoping someone can offer some advice as searching documents online and even phoning my mortgage provider hasn't really answered my question. Situation I might have a new job which requires a home move (discussions ongoing). I'm currently four months into a two year fixed term mortgage with HSBC (we thought a move…
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Negative equity transfer
I am locked into a mortgage with my soon to be ex-husband. The mortgage is approx 15k to 20k in negative equity. Throughout our short marriage I paid the mortgage solely and for the past 3 years have paid everything in relation to the mortgage, bills etc and can afford this although I am in a high interest as the deal we…
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Mortgage musings
We have a Nationwide repayment mortgage (£46k) and further advance (£10k) secured on our property, value circa £145k. The mortgage has nine years left to run and is at a capped variable rate of currently 2.75%, no more than 2% above the Bank of England base rate. The further advance has a little less than nine years…
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Equity release
Apologies if this isn't the correct forum, best one I could see. My mother is looking to release some equity from her house as she would like some more liquidity. The future plan for the house is that it will be left in her will to me, for us (my wife and I) to move into when our kids are grown up and we don't need our own…
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H2B Scheme - My options ?
I'm looking to buy using the H2B scheme and my main goal is to get it paid off. Am I best to pay more than the 5% deposit to have a smaller equity loan, or to have a smaller mortgage? My original plan is to pay a 7.5% deposit to allow me to have a 17.5% equity loan, leaving me with a 75% mortgage. What is my best option to…
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Mortgage possibility?
Hi, Looking for some advise as per say. Partner and myself looking to buy a new build - value of property £280,000 using HTB (20%) and a £30K deposit.
