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Mortgages & endowments

Archives for February 2019

Ex pat mortgages - advice needed
My partner and I currently live in the Channel Islands after moving over here a couple of years ago with work. We are planning on moving back to the uk in the next 18 months and want to know whether we should buy a property now or wait till after brexit etc. We have now saved up enough for a deposit on a house we love and…
First time buyer
Hi guys, I’m looking for some advice, im 18 years old and am about to start my first full time job, I want to start saving for a mortgage and have been looking at LISA’s but have no idea which to choose or whether I am saving the right way. My first question is should I apply for a LISA and if so which one should I go for?…
HSBC Decision in Principal
here goes! I find my new build dream house in the catchment area for a school which will help to support my childs additional needs. I contact my existing lender HSBC, run through income and outgoings and get the decision in principal with the mortgage amount I need. I then go ahead, reserve my dream property and pay a…
Second Mortgage advice
Hi, My partner has a mortgage on her own, the total of the mortgage is about 75k plus she took the government help to buy loan which was 22k. The house was bought for 111k. Recently it has been valued at 122k. What we are wanting to do is possibly see about a second home whilst keeping this one on, we have an appointment…
Remortgage and Debt Reduction Advice
Dear All, I am looking to get some advice on what is the best position when remortgaging. After a difficult divorce, I am finally getting on top of things and reducing my debt at a rate of 1k per month. Currently, I have 21,000 of credit card debt (all at 0%) and a loan of £18,370 with an APR of 3.3%. My fixed rate…
Mortgage and seperation
Me and my wife and in the process of possibly splitting up. To cut a long story short we live in a property that was bought for around £214,000 and 40k of this was help to buy. We have possibly around £15k equity if we sold it for the amount we paid but there is 20% to pay help to buy back and as we are on a fixed rate…
Broker
How does one decide on a good broker ? Is it down to just recommendation or is there a way of finding out who is the best ? Hoping to be in a position to buy within the next year. I’m self employed partner is employed. We will have no debts when we apply but partner doesn’t have the best credit rating. Due to ill health…
First Direct Mortgage in Principle?
Is there an option to get a decision in principle with First Direct? Can't see on web site just seems to take you to full application which is for my son and not quite ready yet. Have done an AIP with HSBC but can't find on FD site.
Buy to let Mortgage Limited Company
Hello house, I will appreciate your advice, please. I intend to create a new Limited property company for new purchases which I will rent out ( no trading ), I have an IT Ltd company for a number of years with a cash pot available. I will transfer funds from my IT Co to my property company to fund a property cash purchase…
Marriage breakdown and the mortgage
Looking for advice as me and my husband are talking about splitting up. We bought our house a year ago and i put down the deposit plus paid for the renovations from inheritance money. Now we are splitting up he is planning to move out and I will stay in the house with our daughter and pay the mortgage. It is amicable at…
Final mortgage payment
Just wondered what people thought of this. We have managed to pay off our mortgage with Santander :T which we did on 14th Feb. got a final settlement figure and transferred that amount on the same day. Have been told that they still need to take the next direct debit payment on 1st March and they will then adjust for any…
Looking for some advice/opinions
Hi everyone, I've just joined the forum and was hoping to get some input on something. I'm a first time buyer about to buy my first house. To keep it simple here's how things break down, I have a good deposit and the ability to over pay on my mortgage to maximum aloud every month, I will be able to do this comfortably…
Employer contact
Another question, sorry … first time buyer and very anxious! Our application is in with Leeds and is in a queue to be underwritten. I've given 3 months payslips and bank statements which show my salary being credited but i had 6 weeks off following an operation so some sick pay shows on my payslips (full pay so no change…
NatWest mortgage tracker advice and help please !!!
Anyone got any advice ... I’ve logged into mortgage tracker it’s all ticked off except the valuation (which is taking place Tuesday) however my mortgage advisor has emailed us saying they’ve asked a few questions regarding bank statements (she said this is pretty normal) and she is hoping to hear back on Monday.... would…
Use equity to pay off mortgage early
We have equity in our home and want the security of knowing it’s ours. I’m also keen to invest in the future. I’m thinking of using some of the equity in our house to buy a holiday let then overpaying our mortgage with the profits to the 10% limit. I’m thinking provided I do my sums correctly and the profit will be more…
Credit cards, loans and (re)mortgages
Hi, This time next year I will be coming towards the end of my mortgage fix and so am trying to prepare my finances to put me in the best possible position to get a decent re-mortgage deal but I have a credit card (approx. £6k) and a personal loan (approx. £4k). Unfortunately I won't be able to pay both off before my…
Joint borrower sole proprietor mortages - allowed to share ownership in future?
I hear that going for a Joint borrower sole proprietor mortgage could allow a first time buyer to access a larger mortgage with help from someone who already owns a property, and crucially, avoid stamp duty that would otherwise be payable if the other person were also named on the needs of the property. My understanding is…
Natwest
Hey Guys So we where in with broker on Monday and application and supporting documentation was sent off. Valuation was booked for today. Do you think this is a good sign? FTB haven't a clue
Bit confused about the mortgage application process
We submitted a full application Friday 15th Feb and noticed a hard credit search had been done that day. No news until I chased yesterday, and our broker asked us to return a direct debit form and signed declaration. They’ve advised the lender needs this prior to their ‘first assessment’ and our application is now in the…
FTB question - Mortgage application
Quick question for any brokers or people with experience. FTB, mortgage application was submitted to Clydesdale this week. We had to pay a non-refundable £400 fee for survey at the time of the submission (our broker advised that it shouldn't be a problem as we are buying a new build and this is just a box ticking…

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MSE News

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Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Mortgages & endowments

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