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Buying with default
Hi everyone , My partner and I are looking to apply for a mortgage next month when one of my 2 defaults falls off my account . This default is for £1074 the other that comes off in December 2020 is around £450 . Both settled a while back . We have around 10% deposit . My credit score on Experian is "poor" however this is…
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FTB question
Hi. My wife and I have recently put an offer in on a property and been accepted. We're going through a broker, and so far we have appointed a solicitor and applied for the mortgage. We've also agreed a quote for home and contents insurance. This is all happening rather fast (we only put the offer in on Wednesday!) and…
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FTB Advice
Hi guys, FTB here, all very new and quite mind boggling to me if I'm honest. Myself and my partner have received an AIP with Halifax for £210k. I have £6750 in a HTB ISA which should get the 25% extra on plus £5k gifted which we are looking to use to get our deposit up to 5% - we are then looking to use Help To Buy Wales…
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Mis-sold endowments
In 1986 we were mis-sold an endowment policy. A couple of years after we realised the problem and contacted the bank who looked into it, agreed that it had been mis-sold but said that if we wanted to take them to court it would be costly for us. As I had a new baby, I couldn't face the expense or the upset so we just left…
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Is this a high interest rate?
Just looking for some advice regarding the only mortgage offer presented to us by our broker. We are buying a house for £370,000 and have £100,000 deposit. I’m working for an agency and have only been in this job just over a month. Very good salary. No debts except husband’s student loan- £10,000. My broker has said…
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Mortgage offers on a recurring 12 or 18 month employment contract
I'm at a point of loaning my daughter and her partner a deposit for their first house. She is an OP in the NHS, but he has worked for a regulatory authority for the last 2 years or so on a contract basis. His first contract was 12 months, the second was renewed for 18 months as they very much like his work. He is on quite…
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Late mortgage payment
A friends mortgage payment is due on 1st of each month. It is with Halifax. She pays cash and sometimes the payments are made in branch upto a fortnight late but she says it has never affected her credit file. Does a mortgage only become late if it is paid after the next due date? Thanks
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Advice on finance to but my rented home
Hi guys, I’m new to the site and looking for some help, I hope you don’t mind my question. I’m from Belfast, 27 years old, and in a stable job as a high street clothes store manager. In August I made a 6 month agreement with a landlord to rent a 2 bedroom terrace house, however the landlord now wants to sell rather than…
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Mortgage fixed year finished want but to let
Hi hope you're all well! In a nut shell. Got 25 year mortgage done 10 years. My fixed year is ended and want to a buy to let mortgage. My circumstances have changed and I have to move so the house will have tenants moving in soon. I was wondering once a fixed rate ends do I need to notify the provider? As it automatically…
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Year end accounts - HELP!
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Would you ever choose to go onto SMR/SVR instead of a tracker?
Hi all, When I last moved house, I ended up with a small 'second' mortgage for the extra borrowing. The 2-year fix on this expires in a few months (whilst my 'main' mortgage's fix expires in just over a year). The gist is that I'm looking to keep the small 'second' mortgage flexible instead of fixing this for 2+ years…
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Shared Equity - solicitor required?
Hello all, I'm about to settle a shared equity loan that is secured on my house. I have the funds secured through additional borrowing with my current mortgage provider and the debt management company have signed off everything they need to (valuation etc.). However, I've been told that I need a solicitor to complete the…
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Offset Mortgage - thoughts, tips, advice
Hello all I'm on my lunch so I'll be quick but try be thorough. These are my stats from my 2018 statement yesterday: * end of third year of YBS offset 2.84% fixed until 01/2021 * value = £55000, outstanding 01/18 = £50183, outstanding 12/18 = £47413 * monthly payment £290-£300 = £3554 annual 2018 * offset saving account…
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Do I use a broker?
Long story short, two years ago I was in a. Debt management plan that has been settled for two years now. Me and my boyfriend (who has had no adverse credit) are buying a house. We’ve been going through a mortgage broker who wants to charge us 1400 pounds. I just went into Halifax then to put some money into my account and…
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Further advance/mortgage for building extension
We are looking to build onto our existing home, and we are looking at around £80-90k to finish it. The property is currently valued at approx £190k, and we've got £88k to pay. I've got 2 mortgages running on this, one is running 2% above the base rate (Approx £58k) I can switch any time but offers borrowback on an…
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Nationwide legal vs cashback
Hi Our mortgage deal is coming to an end and so we are looking to move providers to get a better rate. I have noticed that Nationwide offer £500 cashback or free legal fees. Has anyone used this service and know what the legal fees are? Are they likely to be over £500? Also we currently have bank accounts with Nationwide,…
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Is there any benefit holding cash rather than equity when switching?
My fixed rate mortgage is due to expire at the end of March. This is the first time I will switch to another deal (either with the current provide or with a new provider - not decided yet). I asked this question last month in the wrong forum:…
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Just cleared overdraft and credit card, got an AIP, can I apply for a mortgage now?
I'll try and write this so it makes sense! Over the last year myself and my boyfriend have saved enough for a deposit on a house. We've never had any 'debt' as such but we both had overdrafts of over £1,000 which we were in constantly. We recently cleared these (I cleared mine a couple of months ago and he cleared his this…
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Mortgage or loan?
We paid off our mortgage a few years ago, but would now like to make some home improvements. Can we get mortgage on a property we already own (£25k over 20 years ideally), or would it have to be a loan? We both work and are in our forties. Thanks in advance.
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Mortgage Disaster
Hi, We went through a mortgage broker and got a mortgage offer. We were hoping to complete this week, but a situation has occurred that appears to have destroyed our hopes of moving to a new home. - We have substantial debts, but have equity in the house that we were hoping to pay these of with. There would be £42400 left…
