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Mortgage fee or not to be
Hi, Looking for some help with our mortgage which is due for renewal and I am probably over complicating things! We have £146k outstanding with 21 years left (69% LTV ratio). Our current fix ends in Sept and is currently at an interest rate of 1.74%. We over pay at £100pcm and have done for the last two years. Our choice…
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LIBOR Mortgage rates?
Hello, This is my first post on the MSE forums so I hope it is in the right place. I have a mortgage that's interest rate is partly tracking on LIBOR. It has been going since 2004 but I have never got round to checking the maths until now. First and foremost, I would like to understand how Kensington calculate my interest…
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Mortgage first monthly payment query
Hi all, We are going with Halifax for our mortgage, our normal payment to be circa £850pcm, the documentation with the offer says that our first monthly payment will be around £1375. We complete on the 27th of June and have requested the monthly direct debit for the 1st of the month. Does anyone have any experience of how…
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Self employed mortgage - Net profit
Hi all, Long time lurker but first time posting. Myself and hubby are looking to move home. Hubby is self employed. When working out how much we can borrow Natwest (our current provider) based the figures on his profit after tax. I assumed the figure would be his net profit (so after all his business expenses have been…
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Is a broker necessary for us ?
We have got our house on the market for £290k and want to purchase a property for £410k . Currently we have a £90k mortgage and need to increase this to £270-£280k. My salary is £36500 per annum and my husbands is £46500 which is made up of shift allowance , bonuses and overtime. I have a CCJ which was issued May 2014 for…
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Remortgaging, shop around or...
Hi, I got in touch with my current provider today to see about additional borrowing and moving from my variable rate of 4.24% to a lower one. I wanted to borrow additional money to renovate our bathroom and take a chunk out of our credit card thus reducing monthly outgoings. I was told they wouldn't let me borrow more but…
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Ltv?
Hi I can't work this out sorry i have never been great at figures we are looking at additional borrowing would anybody be able to figure out how much we could possibly borrow? we can go up to 90% ltv i've been told Current mortgage remaining approx £52,600 purchase price £66,000 Expected Valuation £75,000 - 80,000 Thanks
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Nationwide overpayment of under £500?
Hi There, Can anyone explain to me what this means, is it simply they'll take the money and on the next interest change adjust the monthly rate lower? Is that worth it? My mortgage is £230,000 (26 year term) and I want to start paying £200 a month extra to start with, is this even worth it as I'd prefer it to come of the…
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Different valuations from different mortgage providers?
I'm about to embark on a remortgage after several years of renovations, so the hope is to release some equity to refinance the short-term debt. With this in mind the valuation is going to be really important. Whatever the valuation is dictates the LTV as well as how much equity we can release to clear the credit cards.…
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Offer of Loan
help... I have my offer of loan from my bank for my mortgage and i am due to move into my new house on the 2nd august, i would like to order my sofa so that i would get it the first few weeks of been in the house but would have to do this on a barclays personal loan with next. since getting the offer of loan my self and…
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Confused if I'm a first time buyer?
Hi- I'm aware that the help to buy equity loans change in March 2021 to first time buyer only. I had a joint mortgage for a couple of years over 12 tears ago, but then sold the house and rented. I'm finding conflicting advice online as to whether I'm now classed as a first time buyer? Some websites say yes after not owning…
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Help needed
Hi I have a mortgage in joint names with my now ex partner. He has not been living at the property for approx 3 & 1/2years now. Since we took the mortgage out I lost my job, became self employed however this was only short lived as I fell pregnant with somebody else's child and suffered a very difficult pregnancy. I…
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First time buyer
I'm potentially starting a new role on a higher salary but me and my partner are going to be getting a mortgage within the next 7 months. Will my job change effect our ability to get a mortgage? For some context, I have switched jobs a few times in the last few years for better salary but I have no gaps in my employment…
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Interest only mortgages . mis -sold
Has any one claimed against a mis sold interest only mortgage? Is it easy to do it yourself or do you need to use a company for this?
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Any advice welcome
My husband and I have found our forever home. My husband is a locum gp. He has been qualified for 4 years now, in that time he has been self employed but was employed last year for one year at a local university as a medical lecturer. He also did a few locum shifts on the side so was still self employed. Since August he…
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BTL for non owner-occupiers
To the lovely brokers on this forum - We are non owner occupiers who own a rented property on a consent-to-let on 40% LTV. We want to remortgage this property to a BTL, release a bit of equity (taking LTV to about 60%) and use that as a deposit on another BTL mortgage for a flat that we have put in an offer on. The first…
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Standard Life Endowment Projections
Hi Does anyone know where the endowment projections have gone from the Standard Life website. I used to monitor them regularly but can't find them now. Thanks in advance....
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Mortgage with dmp
Hi folks I am wanting to move house and clear my DMP. I have been on it for 10 years and have not missed a payment. Is there anyone here who has successfully arranged a mortgage while on a DMP. Who did you arrange it with? And is the interest rate very high? Thanks
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Bigger mortgage or bridge?
I’m in Scotland. I have a mortgage offer from HSBC for a 5 year fix over 15 years of £150,000 on a £330,000 property. I was going to fund £160,000 (est) out of the sale of my current property and the remainder plus costs out of savings. My current property isn’t selling as quickly as we had hoped and the dates of entry may…
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N.irish, living in England, want to buy in R.O.I
Hi, I’m from Northern Ireland but living in England with my English partner and our 2 kids. He currently owns our house (has owned it since before we met) and I live there rent free. I now want to buy to get myself on the property ladder (first time buyer) and I’d like to buy a holiday home in the Republic of Ireland. I’m…
