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Bank of Ireland v First Direct
My Bank of Ireland mortgage expired at the end of last month so I am now on their 4.75% variable rate. I did a search on Money Spermarket.com and found the best deal was with First Direct i.e. 1.98% no fees for five year fix. The bank of Ireland rate is 2.4%. I have never switched before (my mortgage started at the start…
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Chances of getting a mortgage
Hi Me and my partner are trying to plan ahead and get ourselves in a good position to get a mortgage hopefully this time next year . My partner works full time through an agency , he’s only been there a year but would be 2 next year . He earns 26000 . He has 2 credit cards , used but will be paid off. I work part time and…
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Pay off loan, pay off family loan or put towards deposit?
Good morning I have about £5000 left to pay on my unsecured loan and about the same amount that I owe to my Dad. He has offered to either pay off my unsecured loan, wipe off the debt I have with him or put towards my deposit. I am assuming it is better to pay my unsecured loan off as it shows better affordability?
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Cheap Conveyancer for YBS Remortgage?
Suggestions Anyone?
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Hsbc porting nightmare!!!
Me and my partner are looking to move property and we currently have a mortgage with HSBC. We have agreed a price on our house and an offer accepted on a new proeprty which is £70,000 more expensive. My partner and I changed from PAYE to self employed this year, and being a mortgage broker I knew we wouldn't be accepted…
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Lifetime Mortgage.
Hi, first time posting so please be gentle.😂 My 83 year old father has had a call from Aviva who he's got insurance with and they've asked him if he'd ever considered doing an 'Equity Release' on his home with them? They said: "We would buy your house off you for it's full value (which is £180,000 - £200,000 going off…
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Remortgaging property
Hi I have a property I have been renting out (consent to lease) ( live with my wife in our own property)but now on standard variable rate of > 4% I feel its expensive mortgage wise since I do not have a tenant in the property currently. I have approx £25,000 in credit cards ( currently all at 0%). Can I get a remortgage on…
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Mortgage Advice
I am about to buy my first property. As there was no time to raise a mortgage as it was by auction, I have had to borrow £200,000 off my parents. I am fortunate enough that they are going to gift me £50,000, so I need to repay them £150,000. Property value is £220'000. First issue is that I am self employed and only have…
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True Cost of Applying
Hi - I've tried searching this board, but couldn't find the answer I was looking for. We're trying slowly to save for a deposit for a mortgage, but I'm a bit confused by all the other costs associated to it. Could anyone help by listing the other costs involved please? For example, if I save up £20k for a deposit on a…
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Bluestone mortgages
Hi Is anyone waiting for a decsision on a mortgage application with bluestone? What’s the application process like? Does anyone know waiting times? We have DIP just need to submit full application. So scary!!
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Mortgage Prisoner HELP
Hi, so background. I bought my house on my own 12 years ago. Mortgage with Northern Rock, I have never once missed a payment or even been late on a payment on any bill for that matter. I got married last year and since have been trying to remortgage. We have paid off all our debt (credit cards) which was negligible to be…
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Mortgage acceptance likeliness?
Myself and my partner are trying to sell "her" house. Once we sell the equity in it will be used for the majority of the deposit on a new house we are after. She earns 24k per year and I earn 25k per year, I have recently got a temp promotion which sees me on 30k per year. We have outgoings of £400 nursery fees, £150 car…
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First time buyer advice
My husband and I are lucky enough to be in a position to buy our first home with a deposit of 255k. We would like to set a budget of around £285k therefore borrowing around 30k. Our credit history is not fantastic, there are no ccj’s or anything but a couple of defaults for both of us over the last few years. In total we…
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First time buyers - Proving employment
Hi All, After some advice on employment and getting a Mortgage offer. I am full-time employed, stable and will remain once we get a mortgage. My partner is part-time and combined we earn c£43000 per year. We are in the early stages of purchasing a new build property and have come to a stumbling block in the initial stages…
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Borrow more for extension
Hello We're thinking about an extension, but have hit a bit of a roadblock after talking to our current mortgage provider. Long story short, if we wanted to buy a new house, based on our income they'd lend us quite a lot of money, but if borrowing more to extend our current house they'll only lend us about half of what we…
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Extra borrowing to buy land plus pay off loan
Hi all Would be grateful for views before approaching tesco bank. Neigbours at the back of our garden want to sell us 1/4 acre of their garden (£35k). They ve given is first refusal. Would mean getting extra borrowing from bank. We have a £4K car loan outstanding and would preferably like some of the money that comes from…
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Mother's Ex Partner entitlement
Hi all, I just wanted some advice. My mother bought her house from the council a 3 years ago to do so her and her ex partner took out a mortgage. 8 months later the partner walked out and hasn't looked back. My mother now wants to sell the house but her ex partner wants money from the property. Although she has not made a…
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Retrospective Warranty
Hello all, Currently in the middle of a very long drawn out house purchase due to job relocation.House is just over 5 years old. At the 11th hour my lender (Santander) declined the mortgage due to a missing 10 year warranty. Vendor has agreed to purchase a retrospective warranty so we can proceed but can anyone advise on…
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Mortgage after DMP
Hi New to the forum and hoping for some advice. My DMP ended in February. I am now debt free after 8 years. I live with my wife, the mortgage is in her name only. We are now looking to move house and are hoping to get my name on the next mortgage as we can afford a bigger house with me on too. Does anyone have any…
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Santander Mortgage Help
Hi all, I’m in the process of trying to acquire a mortgage at the moment via Meridian Mortgages for a Gleeson newbuild, I have a fair score on Experian with no defaults, CCJ, late payments etc. I was provisionally accepted by Santander and Principality but my broker later said my affordability didn’t suit (since I have…
