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Remortgage Uncertainty
Hello, I would like to remortgage from my existing interest only mortgage to a fixed rate repayment mortgage. Outstanding amount on current mortgage £143,000 Debts: £15k car finance £10k new windows £4k credit card House valued at £185,000 Gross annual salary £50k I would like to consolidate the two debts and request…
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Getting the best mortgage deal
Hi all Going to remortgage next year and was wondering whether banks negotiate over rates to a significant extent. I have not go any issues with my credit rating at all but my LTV is going to be no better than 75%. Rates do change significantly if the LTV is 70% or better, especially when looking at 5 year deals which is…
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Product transfer: change of circumstances
My 2-year fix is coming to an end towards the end of this year. Just for comparison, I've started looking at the rates offered on product transfers with my current lender vs. rates I would get by remortgaging to a new lender... One incentive for staying with the current lender is to avoid the hassle of a new mortgage…
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Would you remortgage for a small monthly saving
Hi, My fixed rate is coming to an end soon so I'm trying to decide whether to switch to a new product with my current lender or to remortgage with a new one. I've done my homework and spoken with both my current lender and a whole of market mortgage broker. The broker was able to find me a deal that would be approx £5…
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Car Lease Vs Car Loan - Mortgage Impact
Hi, Wondering if anyone can help. We are going to put our house up for sale soon (May) and look to move to a bigger house and we'll need a mortgage. My current car lease comes to an end in June and I need another car. I get a car allowance from my employer so I was thinking of buying a car with a car loan for say £14k over…
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Gifted deposit - are we breaking any rules?
Hi there Myself and partner are currently in the process of buying our first home. My partners parents have given us £5000 to go towards our house deposit and have transferred the money into our joint account. We recently got a mortgage in principle and declared this to the lender. My partners parents have filled in a form…
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Remortgage help
Hi can someone help me with how mortgages and remortgages work? If for example i get a mortgage for 100,000 on a two year fix and pay of 10,000 can i then remortgage for 90,000? And keep doing this until i clear my mortgage? Thanks
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Re-mortgage. Personal loan Vs credit card
Hello mse community. I am due to re-mortgage my home in few months and would like get best possible deal. I want to clarify few things before visit a mortgage broker. I have a personal loan 5k which I can pay off with my credit card (I have an interest free offer on cash transfer for 24 months at the moment). What option…
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Universal credit and applying for a mortgage
Does anyone have any information or experience in applying for a mortgage whilst on the new universal credit system? I work full time and earn a reasonable wage, my partner works part time because we have a 19 month old daughter. We have High childcare costs as we have no family near by to help (£650 p/m). We are in the…
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Do I need a mortgage broker?
Hi all I have been a long time lurker and have always found these forums to useful and full of knowledge. I just have a quick question. Myself and my wife purchased our first property in 2017 and it is now coming to the point where our fixed term ends so I am looking about for remortgage deals. When we bought we were both…
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Time held bank account in mortgage application
Hi all, I have a specific question about applying for a mortgage and length of time I've had my current account that I'd appreciate advice/opinions on please. In June we will be applying for a mortgage. I was planning on switching to M&S bank to get the gift card that existing customers can get. This will mean I've held my…
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Advice for first time remortgage on a 10 year fix, do I end early for cheaper mortgage?
Hi, Took out a mortgage of £115,000 with Yorkshire Building Society with a 10 year fix (at rate of 4.39%) in December 2011. The property value at time of purchase was £155,000 (we used a cash deposit of £40,000) We pay £631 per month for it. Outstanding balance is approx £94,000. We are able to exit the current deal with…
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Mortgage Broker applied for the wrong mortgage
To give a little context - I am a first time buyer and my dad is acting as guarantor on my mortgage to increase the amount i can borrow. I made sure i was still exempt from Stamp Duty by asking for a joint mortgage sole proprietor mortgage, my broker even confirmed I was still exempt - but it appears this isn't the case. I…
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Mortgage eligibility - dual Iranian/Canadian citizen, permanent job + tier 2 visa
(deleted on request to not disclose too much personal info)
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Valuation done now what to expect?!
Hey! So Tues our MA sent our latest company accounts to our lender (Kent Reliance) MA said to expect 4 days to have them looked at! Weds we get call lender has approved the accounts and instructed valuation! Valuation is booked in within a couple of hours Thurs (yest) valuation was carried out and guy told estate agents…
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FSCS complaint miss sold mortgage
I am currently waiting on a complaint with FSCS for miss sold mortgage in 2008, was advised to non certify income and wasn’t referred to debt management the ombudsman has passed it to FSCS now the business is now not trading. This was interest only mortgage too and I don’t have enough time and bad credit to re mortgage.…
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Credit Card Use Between Exchange and Completion
So I’m just after a bit of reassurance which is hard to come by when I have put myself in this situation. I am due to complete my mortgage on 18th February and pick up the new keys. However, I used my credit card for fuel at a Tesco garage which somehow took me over my credit limit by a pound, I settled it right away but…
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Mortgage declined - no reason
Hi, :( :(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:(:( Thx
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Renewing Mortgage
I took out my first mortgage coming up to 2 years ago - I paid Romans £400 to be my Mortgage Advisor because Nationwide (who came out best) were doing an incentive where you get £500 cashback on their mortgage so it covered the costs and meant I didn't have to worry about all the paperwork. I'm now getting letters from…
