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Mortgage and debt
We have 100000 equity in our house but owe a lot on credit cards as I have been raising a family until 2 years ago. What would be the best way of clearing the debt off using the equity in the house?? Our mortgage company seem reluctant to help
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Paying Mortgage Fee with Credit Card
I'm looking at a mortgage with a product fee - financial adviser has advised to add the fee to the mortgage, then pay it off within 14 days rather than pay up front, so it won't be payable if anything goes wrong with the application or if I change my mind within the 14 day cancellation period. Santander have said that I…
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Fixed rate length
Hiya! Our current mortgage deal is coming to an end and while I'm happy to stay with the provider as I can't see anything cheaper elsewhere, I'm really torn between fixing the rate for 2, 3 or 5 years? I've read and read until my brain hurts but getting no further forward. Does anyone have any views? If I do nothing my…
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Reduce term or over pay
Hi, I have read the article on over paying a mortgage rather than reducing the term, although I have recently increased the value of my house and so my ltv has reduced. When I look at the mortgage deals at the moment if I was to continue at my normal term the repayments would reduce by £130 / month, or I can reduce my new…
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Gift letter?
Hi, My future mother in law has very kindly offered to contribute to mine and my fianc!’s deposit toward our mortgage as a wedding present. Has anyone had a gift letter for their mortgage advisor and could give us some pointers on what needs to be written? Thanks in advance x :D
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Ex husband wants to release equity from house...
My ex husband has been out of work for a year and a half following redundancy. He is in all sorts of debt & is now unable to continue his monthly payments towards the mortgage & child support. The mortgage & house is in joint names. The consent order states the house be sold in 2025 with a 50 50 split. I live at the house…
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Can’t even get a bank account!
Looking at getting a mortgage and concerned as we can’t even get approved for anything other than a “basic” bank account (the ones you can only get if your credit is bad):( Will we even get a mortgage or are we wasting our time!? :( :( :(
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Approach for monthly savings. Mortgage is the main aim.
Hi everyone, I am a full-time employed adult, who would like to save about £1000/month for at least 1 year. The main aim of my savings is to get a mortgage. I have already opened something called Club Lloyds Monthly Saver with my bank. It's offering 2.5% interest/year. Maximum deposit is £400/month. Apparently, this is the…
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Mortgage Endowment Policy Mis-sold
I'm confused and hoping someone can help me with the criteria for a claim for mis-selling of an endowment policy. We had an endowment policy on an interest only mortgage in 1986. Our Halifax mortgage was arranged by Black Horse Stimpsons and the endowment policy was with Friends Provident. We were told by the Black Horse…
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Lender asking for signed Limted Accounts
Hello, our lender is saying our Ltd company, official year end accounts (Unaudited Financial Statements) are not enough and they need to be signed by the accountant. This is a service that costs £115 per applicant (2). As there is no more financial information that can be supplied, it is only a signature to confirm they…
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Offset mortgage - fully offset
Hi I have an offset mortgage and am in the happy position of having it fully offset by the linked savings account. It's currently on the lender's standard variable rate of 4.99% I may need to withdraw some money from the savings account soon, so I rang the lender to ask if they offered any fee-free offset mortgages at a…
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Consent to let for a HMO
To cut a long story short I’m moving out of my residential home and in to my boyfriends house but looking to rent my house on a HMO basis because I have a friend living there who’s my current lodger and I would like to keep a room at the house for when I go back and visit family. I’m going to Nationwide for CTL but not…
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New loan with lower repayments will help the mortgage application?
Hiya, A few years ago I took out a loan to do a Masters. I currently pay around £250 a month on a 6% interest rate. I was looking into taking a new loan, at a better interest rate, and settle my existing one for a lower monthly repayment. The catch is that I'm looking into purchasing my first home in the next few months,…
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Mortgage on a chapel
Hi folks , I'm considering applying for a mortgage on a chapel that's just come up for sale next door to me for 45000. The property is an unconverted chapel , but does have a kitchen and toilet. I'm hoping that will make the chapel mortgageable. I've got 10% deposit but would prefer a 100% mortgage if they still exist. I…
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Letting out a flat
I currently have 15 years left to pay off about 60% of my flat. I would like to take on a second mortgage for a house but don't want to have to sell my flat. I could afford to pay both mortgages from my salary. I thought I could let out my flat though to cover the mortgage cost on it. Can I do this without telling the flat…
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Best way to Overpay
Hi all I'm a bit of a newbie here, please go gentle on me! Due to a recent bereavement and a subsequent inheritance, we are in a position where we can pay off a bit of our mortgage. The mortgage product we have allows us to pay off £14,000 without any charges. As interest is calculated daily, I would assume that to get the…
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Halifax AIP vs Past Credit Issues
Hi all I am FTB with an AIP from Halifax of £175k with a 5% deposit. I qualify for the staff mortgage rate which is far better than anything available through a broker. I’ve read that an AIP only checks 3 years credit (soft search) My credit file is mainly clean however I do have one account settled in sept 2016 with a DM…
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Unbiased Financial Adviser Search
Hi All Not sure if this is the best place to post this, if not please can I be redirected? I signed up with unbiased.co.uk through the MSE blog on finding Financial Advisers, and seem to have been automatically matched to an adviser. However, I was hoping to use this service as a search function to do my own research and…
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staff mortgage benefit in kind tax - am I calculating it correctly?
I am looking to remortgage. My wife works for a bank that offers staff mortgages at the base rate. We saw their mortgage broker yesterday. The broker told us that the benefit in kind tax would be £20.18 per month (calculated on his system) but when I try to calculate it I am getting £32.08 per month. Below is how I am…
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deleted post
Mods please delete, post made in error. Jamie
