-
HELP - Self Employed Mortgage Prisoner
Hi HELP- I am self-employed (sole worker) as a director of a limited company (physiotherapist). My partner is also a director as a practice manager. We moved house and got an interest only mortgage through an advisor in 2007, with a view to be on Interest only for 2 years and then move over to repayment - all just before…
-
Additional borrowing process
Is it the same as the remortgage? Thanks
-
New fix isnt as good as I thought
Our initial 3 year fix with Coventry came to an end in March, so we refixed again as theyhad the best rate for us: Initial fix when we bought the property Term: 35 years 3 year fix rate: 2.69% Monthly cost: £700 Actual payment: £850 of which was interest: £400 of which is capital: £450 New fix for another 3 years Term: 32…
-
B&B remortgage issue
Hi! The dilemma is that I run a successful B&B and have 2 mortgages with a well known High Street bank one for £120k and one £35k (interest only). The lender is aware of the B&B and are willing to remortgage the £120k mortgage on current terms. However, they are unwilling to treat the £35k mortgage in the same way, saying…
-
Mortgage Interest Overpayment
We had a Northern Rock mortgage from 2001 -2004, I have read about how there have been some discrepancies in interest calculations. Is this possible to find out as Northern Rock don't exist any more
-
High service charges
Has anybody had any experience with sdl property management, there service charges seem excessive they seem to have 2 service charges. I have paid a service charge for 450 till June. Now there is another service charge from 5 April called half yearly service charge in advance for 1000 to 4.10.19 and on another paper it has…
-
Which MTG would you pick?
Which of these two would you pick, baring in mind that I want to keep at 2 year fixes to allow drops in LTV and increase valuation and overpayments etc. FD: 85% LTV: 1.94%: 38 Year Term: £450 Monthly: £490 Fee Upfront. Took out 40 year term as long term, I want to buy to let and keep this property as a rental before…
-
Moving house and reducing mortgage
Hi all, I'm a bit of a predicament at the moment. Long story short I'm looking to sell my house and move. The house I'm looking at is substantially cheaper than the one I'm in. So I've got my mortgage through accord mortgages, and the fixed term is up at the end of the month. I got from I think 1.8% Apr to there standard…
-
Halifax Mortgage after bankruptcy?
Hi, is it possible to get a Halifax mortagage 2 years after bankruptcy? I’ll probably have around 30% deposit once all my inheritance comes through. I also have letter of redundancy which caused the bankruptcy. Thanks you
-
Mortgage on second house
I am looking at buying a house with my partner. We currently live in my house together. I am hoping to keep my property to rent out afterwards and I was seeking advice from others who may have done this. I know about the 3% stamp duty, but are there any other disadvantages? The main issue at the minute is that I know if I…
-
Invisible Markers on Credit File
Hi all, Myself and my other half have had an offer accepted on our dream first home! Our broker applied to Halifax and it was denied based on credit score. We both have good credit scores and no negative markers on either 3 of our reports. Nonetheless, our broker put us forward to Saffron BS and they also declined and told…
-
Property Purchase - Deposit?
Sorry if this has been asked a lot before! I've looked around and can't quite find the answer. I'm a FTB purchasing a property for 200k. On my mortgage I am putting a deposit of £70k down and borrowing £130k. However, this is the bit that's confusing me. It's looking that I need to also send a 10% deposit on exchange of…
-
BTL Property under 50k purchase price
Hi everyone, I have just signed up here for a quick bit of advice. There is a property local to my self which would make a great BTL but the purchase price is 45k. I have the deposit (25%) and typically know how things work as I have another BTL. Having tried a few lenders today, main high street they are all coming back…
-
Which Mortgage do we need!!!
We have moved into my parents house and in the process of changing the house into mine and my husbands name. We are wanting to do an extension but need to remortgage to do so. When I have been looking at mortgages I aren't a first time buyer, looking at remorgage they are asking for my mortgage details that I already have!…
-
Idiots guide please
Hi everyone: Please don’t berate me for being an idiot here: Basics are that I want to buy a house, I have a small deposit (£20k) and work full time (no debt at all) I also own outright my brothers house (he is disabled and I take no income from his House) Does owning his house help me in anyway, can I use it as collateral…
-
Girlfriend weird credit rating problem! Address related ... applying for mortgage
Hey guys, My girlfriend and I are looking to get a mortgage for our first house. We did the Barclay's Agreement in Principle online. I put that we wanted to borrow £180,000 and we had a deposit of £70,000. It came back saying it would only lend us £150,000. Not the end of the world but I thought it was strange as I assumed…
-
Mortgage with existing debt
Hi All Currently renting whilst waiting for £10k to be released to my partner from her ex once house sells. Looking to buy something for circa 160k, so will need to save at least another 6k to get 10% deposit. I’ve had slightly bad credit file in the past, no ccjs but old defaults from 5 years ago which have now been…
-
Recommend First Direct or HSBC?
I have been accepted for a remortgage from both. Their rates seem very competitive and HSBC seem to pay a double fee for a reduction in the rates by 0.2 wish percent. Whereas First Direct is half the fee but slightly larger rate. Want to go with one, which would you recommend? I feel FD don't have as many benefits as HSBC…
-
Halifax mortgage....been so stressful🤦🏻!♀️
Hi everyone, first post and I have been following threads here for a couple of weeks and I have found most of your experiences very helpful.....so my story is that I was fortunate enough to be gifted a house from my dad 2 years ago....house in need of extensive renovation and dad just couldn't keep on top of it so…
-
help me ftb with questions
hi everyone, Ive just had my offer accepted for a property I am in love with, however im worried things wont go through because I have missed payments on my credit file for severn trent (forgot about water bill as i usually pay the bill half the bill start of year and the other half middle of year. my fault i know, my…
