-
Advice on coming off of one mortgage onto another
Hi, I was wondering if anyone could advise on the order in which to do the following, and if it sounds realistic & doable; I currently have a joint mortgage with a family member- interest only, approx £130k with 3 years left. Property value approx £300k The family member has a salary of around £45k, is due to retire in 3…
-
Let to Buy Mortgage - Advice Please
Hello! I have a flat which is worth a chunk of money and I have about 150% equity in it. I want to buy a house with my partner and am looking to use my equity to fund the deposit on the new place. Is this possible? Happy to chat with a mortgage advisor if someone could recommend one that would be happy to have a free…
-
Please advice , first time Bayer, need advice with Mortgage Advisor
Hi all and sorry for my spelling, i have some issue with my Mortgage advisor ,recently I got new house , my advisor charging me £500 for service and I'm tottaly happy with that ,but now in invoice wher he never told me he geting extra commission from my bank ( tsb) with he never told me about it , i was promised get £500…
-
Mortgage Offer for wrong address because of Post Office
Hi, I am after a bit of advice. I am currently in the process of taking a remortgage out on my home for some improvements and debt consolidation. I am not asking for much at all, just a small amount. I went to Nationwide, my current mortgage lender but they said as I have not tried to pay off my credit card in the past…
-
Advance Mortgage Funds
We are due to complete on Monday. We have a mortgage with Leeds BS. We have noticed that on our Solictor portal there is a mortgage advance for the full amount of our mortgage. Does this mean the lender has already provided the funds? Of course I have asked the solicitor this question and what to hear back.
-
Mortgage Offer Issue
Hi, looking for some advice on a slight issue with a mortgage offer. After our initial deposit we are requesting a borrowing figure of £154'000. The lender has made an offer of £149'750 but won't lend up to the initial figure because of some extra committed credit that is showing up on our credit file. We disclosed all…
-
Saving/debt advice
Hello everybody! Mine name is Ash and I am new to the forum. I have always been very rubbish with money, despite earning a reasonable wage have always spent it as fast as it comes in, at times - even faster. I have amounted around £6000 in credit card debt over the past couple of years and have now decided I can’t go on…
-
Worth paying overpayment charges?
Hi all, I am finding it challenging to work out whether it's worth overpaying on my mortgage and incurring early repayment charges. My girlfriend and I are just over 1 year into a 5 year fixed mortgage at a rate of 2.85% . LTV is 88.57%. We can overpay by 10% per annum, currently any overpayments in excess of 10% will…
-
Unique Mortgage Situation
Hi, I am hoping to purchase my first home with a friend in the near future and would like some advise as I'm in a pretty unique situation. I live and work in the UK and my pal works in the US but is home for 3/4 months of the year so wants his own place to come home to. This is where our problems start. He is paid to his…
-
Halifax demanding ERP charge even though we have now moved
Please help! We recently moved house. Our previous mortgage was with the Halifax and we had a two year fixed rate mortgage. Paying off our mortgage early (when we sold) would have meant paying a £6,000 ERP fee or we could take a new mortgage with the Halifax and they would waive the ERP charge. This is what we did. Now...…
-
Questions about morthage with boyfriend
Hello, me and my boyfriend are looking to buy a house we will live in together. He works full time at a stable job, has a good credit rating and would contribute 80% of the deposit. I do not have an income at the moment as I am looking to do a masters degree, I am not sure what my credit rating is and would contribute 20%…
-
Mortgage Offer with no visible hard Credit search?
We have recently received a mortgage offer with Halifax however no hard credit searches are appearing on our credit file via Experian or Clear Score, only the original soft searches when we obtained the AIP. The full app was submitted over 2 weeks ago now. Does anyone know if there a reason for this?
-
Clear credit Card debt or get a mortgage
Hi everyone, I am looking for some advice on what to do with some cash i have. Basically I have £15k of credit card debt and have £15k cash in the bank. I am currently renting and desperate to buy a house. Will i be able to get a mortgage using cash in the bank even with the credit card debt or should i be concentrating on…
-
Remortgage in a single.name
Hello All, My partner and I purchased our house for cash 7 months ago in joint ownership.. We want to set up a mortgage to carry out improvements. We appplied joinly but were refused as I have outstanding CCJ's. My partner applied for a mortgage in her sole name but was told that we had to transfer the property into her…
-
Switching Funds
I hope someone can help. I've got an endowment policy and it has units in 3 funds. I've just found out that they have another fund which is called the money fund. This is meant to be a very safe one. I'm sure, years back, I was told that I could transfer between funds (the 3 funds) by calling and the prices would be those…
-
Overpayment question
I live in a small/cheap house and used the overpayment calculator a while ago to work out that if I overpaid on my mortgage I could get it paid off a few years sooner. I have been overpaying for a couple of years but have noticed that the length of my mortgage on my yearly statement has never changed, however I think my…
-
Help to buy isa - ISSUE
Hi all I recently bought a flat through help to buy. One of my saving accounts was a help to buy isa. Around 2 months ago when we were nearly completion my solitor asked me to get a closing statement from the bank, I did this but when I completed I didn’t receive my bonus which I thought was odd, so I contacted my solitor…
-
Negative equity fears
we bought our house in 2017 with a 5% deposit. Our fixed term comes to an end in September and ideally we would like to remortgage with another fixed rate. When we bought the house, I worked out that with our repayments and a little paid over the top, we would have 10% equity by the time we needed to remortgage. I based…
-
Lloyds Endowment Mortgage - unable to cope with the process of claiming
Hi My brother has a Lloyds Endowment Mortgage that he was advised quite a few years ago would not cover his mortgage as he was initially advised. He has serve mental illness, suffering from clinical depression and so finds it very difficult to cope with the thought of progressing something of this nature. I've only…
-
Credit Card and Mortgages
My son wants to apply for a mortgage and does not have credit cards. He has car loan which he is paying now and has completed paying in the past. Does he need to show credit history history regarding a credit card to improve his chances of getting a mortgage? Any advice greatly appreciated.
