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BTL 2 yr fix vs 5yr fix - new purchase
I've tried the search option to find a calculation that works out what follow on rate from a 2 fix rate I would need to be worse off, or am I confusing it something else? I'm sure this has been asked a thousand time, the figures I'm getting for a interest only loan. 2 Yr 1.94 % - Loan amount £153750 Product fee £1495.00…
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Mortgage Broker
Hi All. Some advice needed please. We applied for a mortgage through a mortgage broker due to adverse credit. We got a DIP and went to full application. The broker came back to us 2 weeks ago saying they declined because my partner had an unpaid payday loan. We explained that my partner was in the process of having this…
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first time buyer total novice
anyone help? I have moved in with my partner who is already buying the house (mortgaged with 40k equity) I would like to buy into the house by giving him half the equity and getting my name on the mortgage and deeds. (he is happy for us to do this as we are getting married next year and I have the savings) I have a help to…
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Neighbour digging up our back garden with JCB
Posted in wrong forum
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When can my mortgage offer be retracted?
I have a mortgage offer that has an expiry date of August Now, with all the tumultuousness around Brexit and rates etc, I'm hoping to sit on the documents and not return until post Brexit date to see what happens and if I might want to re-apply for a slightly lower rate (or submit this one if rates go up!) I know that the…
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Pension Forecast for Mortgage
So I’m potentially looking to get a mortgage past standard retirement age (I’m currently 50 years old) and I understand for this a lender would want to proof of income after retirement. However I’m not clear on what that proof looks like? Would a simple pension forecast suffice? I have two pensions (one current work…
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Secured Loan vs Remortgaging
Which is more beneficial? Taking out a secured loan against the property Or remortgaging and increasing the mortgage elsewhere? I have the option to do either, both with similar interest rates
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Mortgage application - is no news good news?
Broker put our mortgage application in last Friday (15th Feb) and the hard credit searches were done that day. Since then … nothing … I don't want to chase as i know it's not really that long, but it feels like forever! Is that normal? I was expecting requests for more info just going by the timelines on here. If there was…
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SAM mortgage
Hi, My parents took out a Shared Appreciation Mortgage with the Bank of Scotland in 1997, at the time the property was valued at £65000 and they took out a loan of £15750 against it. Late last year my father passed away so we have to sell the property a 2/3 bedroom bungalow , I have had it valued by three local estate…
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Moving to temp address during mortgage application process
So I might be in the unfortunate position of having to move out of my current rented accommodation before I can complete my purchase of a new shared ownership apartment. If that were to happen (going to try and extend although I have already done this twice) would this likely be problematic for any mortgage lender and the…
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Possible Mortgage Misselling
My daughter and her partner took out a 105% mortgage back in the days of Northern Rock (NR). Nothing wrong at the time as they improved the house with the extra and could afford the repayments. The mortgage was a fixed rate deal for two years. A couple of month before the end of the two year deal they received a letter…
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Chances of a mortgage with cc missed payments
Hi I’m looking to get a mortgage in the next few months but have had a few late payments on my ccs which I’m worried will affect me. Its showing I had 3 in 2016 and 2 I’m 2017 All these missed payments were paid within a day or two as I had just forgot to pay. I am looking at a help to buy property’s and looking to get…
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Getting a mortgage with a parent
I am trying with my brother to get a mortgage with my mum. Basically, we have had to sell our family home due to family separation. We both neither have a deposit and my mum will have enough money to be able to put a deposit down with my mum's money from the sale of the house. So far we have tried two banks and we have…
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FTB Advice - Where To Start?
Hi Everyone! Looking for some advice on how eligible I am to borrow, and where to start :-)
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Mortgage Capital reduction
A number of years ago I bought a house with a large corner plot, in fact it was large enough to build a new property on. I managed to get planning permission but was messed about by the existing mortgage provider re release of land. Anyway, I built the said property using loans and now it is completed I am trying to…
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Blustone Completion Issues
Hi Joined this forum to see if anyone can give advice on where we go from here. Started the remortgage process with our broker at the beginning of November, Bluestone Mortgages accepted us and after a long drawn out process, eventually received our formal offer on the 23rd January. So many problems along the way eg.…
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Help to buy
I bought a help to buy property in 2015. Government put down 20% in a loan and I paid rest of deposit (5%). Purchase price 435k probably worth £500 to £520 now. Is there anyway I can borrow against the house without repaying the help to buy loan first. Nationwide say no. Looking at doing a conversion on a small flat out of…
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Poor bank account conduct and mortgage application
Hi all, I Have been told that I need to have better bank account conduct for a few months before applying for a mortgage and To tidy my spending up a bit. My questions is - if I closed my bank account and opened a new one, would the lender still require 3 months statements from my previous bank account or would I have to…
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Re-mortgage Advice - Extending Term
I am seeking some advice on my next re-mortgage and whether to extend the term of repayments. I bought my house in 2008 for £200k, for which I borrowed £150k. Initially I could only get a self-certified mortgage, which was interest only and lasted for 3 years at over 7% (yikes!). Since then I've had two fixed rate…
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Early redemption charge refund
Hi all I would like to check if anyone has gone through this situation and can advise. My ex partner and I had a mortgage and bought a house together. However we separated last year and sold the house. Because we ended the mortgage early we had to pay ERC. After that I bought a new property and ported the old mortgage…
