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Combining Mortgage sub accounts document checks?!
We moved house in September 2017 & ported our mortgage with Nationwide. This part of the mortgage is due to expire next month. We had to borrow more money to buy this house & I believe we can switch products 3 months early so plan to move onto a tracker rate with no ERC for the ported part of the mortgage until June when…
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Shall I move savings to pay mortgage???
Hi So this is my situation. I am on a consent to let tenancy with Halifax on their SVR at around 5%. The tenants have just left and I am going to place the house on the market. Whilst the house is empty with no rental incoming would it make sense for me to move my savings to my mortgage to bring the monthly payments down?…
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Credit checks before completion
Hi, Another quick question when I was getting my mortgage I declared £750 on my credit card - it’s double that now due to Christmas etc - if I get it back down to the £750 before they do the final checks will I be okay? I’m new to all of this and misunderstood the terms, I thought I wasn’t able to get new credit out but…
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Remortgage questions.
Good evening all. Forgive me for being a bit Dim about this, but I would really like to get my head around this. So my wife and I are hoping to get our first mortgage soon. We will be most likely getting a 2 year fixed mortgage. Now I know when the 2 years ends that we would automatically be put onto the SVR which would be…
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Help to buy mortgages on 5x salary?
I know there is no certain answer and it is all down to affordability, however do any mortgage providers go up to 5x the mortgage when you use help to buy? We are looking to move and the value we get for our exisiting property could mean we may need a lender to stretch to 5x if we didn't get as much as we hoped.
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Director (Non Shareholder) - Proof of Income for remortgage
I'm a director of my Wife's Ltd Company but do not have a shareholding. I don't have a formal contract but do get paid a salary and pay my tax and NI via PAYE. Will I generally be viewed as a standard employee for the purposes of a remortgage application and therefore only require wage slips and bank statements as proof of…
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Re-mortgage / renew mortgage deal assistance
Hi all, I'm currently trying to work out which mortgage deal to take on one of my sub mortgage accounts which is about to come to the end of its 5 year term. Any help would be great to determine which is going to be the more effective option. We have a Natwest mortgage, split into 2. This was due to having a fixed rate…
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Non traditional construction mortgages??
So basically I am ready to put an offer in on a house of weir steel construction... there is approx 100 houses of this style in the area some of which have been underpinned many years ago including the one o wish to put an offer on. All the notes on home report are 1’s (Scotland) and only noted that some lenders will not…
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Paying off mortgage. Advice please
Hi, I wondered if there is anyone out there who can give me some advice. I have a small interest only mortgage and my step-father has suddenly announced that he wants to pay a lump sum off which will halve it and then in five years time pay the balance off. I am extremely grateful but also need to know the implications for…
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Removing ex from mortgage (potentially tricky)
Tricky situation, I split with my ex several months after buying a property to renovate together (a bit over 2 years ago). For various reasons, we've not really done much to the property and have been just paying the mortgage on it but now we've been back on it and hope to sell it by summer this year. However my ex is…
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Switching & Equity Loan
Hi all. :j We have a Help to Buy Equity Loan and a 2 year fixed mortgage with Nationwide. The 2 year fixed period comes to an end in June and we’re looking into remortgaging options. I’ve been doing a bit of research and it seems that there aren’t many lenders that offer a remortgage for those with an Equity Loan, and some…
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Mortgage affordability and expenses
Hello! My partner and I are looking to get our first house but I don’t really know how the affordability side of getting a mortgage works. What expenses do they look at? Currently it looks like we have 0 disposable income but that’s because we pile it all into saving schemes/ISAs etc. If we want a mortgage of approx. 180k…
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Buying ex out of mortgage
Hello everyone, My partner purchased a house with his ex, they split and the house has been on the market. We’ve discussed buying the ex out and have worked out that it would cost around 15k. Things are very civil and the ex is happy to accept this amount. In order to pay for this I would be taking out a loan (10k and…
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Help to Buy Remortgage
Hi, I bought my first home in October 2017 and took out a 2 year Fixed Rate mortgage with Halifax on 2.16%. This was under the Help to Buy scheme, so I got the 20% loan from the government. I am looking at the possibility of remortgaging to another lender when the rate comes to an end later this year and paying off the HTB…
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Using mortgage to consolidate debt
Hi, Long story short two years ago we bought a property which required extensive renovation, we like many blew our buget as the extent of the renovation far surpassed our expectations. Rather than remortgaging we thought we could survive taking on loans and using credit cards, this was a HUGE mistake. We’ve now got £70k…
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FTB with mortgage question.
Hi, I don't know if I'm allowed to start a new thread with this subject about newbie questions of mortgages! Somebody can advice, me and my fiancee will take our first mortgage, 146K this month! I'm confused, we have some illustration's but we don't know what will best for us! For example: 30 y with 2 y fixed with IRP 1.64…
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Renewing Mortgage & Equity Loan
Hi Guys, We bought our home using the government's help to buy equity loan (20%) back in November 2017 for £145k, however our fix rate is due to expire June 2019. We're looking at beginning the search for a mortgage renewal in March 2019, but don't know whether it'd be worthwhile adding in the loan cost we owe to pay that…
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Being bought out - advice please?
Hi, so last may my partner walked out and attempted to secure the mortgage in his name, due to being over indebted it got declined and the property i'd had an offer accepted on was pulled out of. We weren't married and the only joint asset we own is the house. i put in £15K of the £18K deposit and the house has increased…
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Right to Buy re-mortgage
Hi, I really hope some on here can help me!!!! 2 years ago my wife and myself took the option to purchase our council property on the RTB scheme. The property was valued at £500,000 and we received the full discount of £104,000. So the amount we had to pay was £396,000. We decided to use some money my parents had given me…
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Accidental 5 day late amex payment impact on mortgage application
Hi all, Completely accidentally, I neglected to pay my American Express bill for one of my cards which I thought I had a direct debit set up on but did not. After paying for something on the card today, I got a text notifying me that a payment was required on my account and then went to check my account, which said I was…
