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overpayment twice in one year
Hello, I have just discovered mortgage overpayments (yes I’m a bit late to the party) and repaid 10% of my remaining balance. My fixed term Halifax Mortgage ends next month , July, and I am remortgaging to hsbc. will i be able to repay another 10% with Hsbc or Can this just be done one a year regardless as to provider.…
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New Product
Sorry in advance for the lengthy post. My son & his ex wife have a mortgage with YBS and his fixed rate expired at the end of last year. He is still living in the house and is in the throes of a messy divorce. The house is up for sale and his ex was refusing any offers made on the property. On the advice of his solicitor,…
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Remortgage Q
Hi All, New to the site and first post. :j My Dad has 2 years left on his mortgage and is looking to remortgage soon. 1 Charge on the property for 15k, he has started repaying this. Current Mortgage 350k, House Value £1,200,000. He also has a commercial on a freehold no Mortgage. What would be the best root to take for…
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FTB Questions
Hi folks I'm currently in the process of house hunting as a FTB. I had 2 properties in mind to get viewings booked in this week, both been on the market for approx 12 months. Both need some work doing hence not being sold which is what I thought I wanted, to get it for a decent price and then add my personal stamp on the…
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Multiple mortgage deals and LTV
Hello, first thread from myself, thank you for any information. Question is does my second mortgage product restrict how much I can increase our LTV when renewing my first mortgage product? In Jan I sold my property and ported my HSBC mortgage over to a new house with my partner. We required additional borrowing and took…
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Selling part of garden with mortgaged property
Hi, I have a rental property with a BTL, the lender is Coventry/Godiva. I am approximate 40% LTV and I have full planning permission for a detached dwelling on a plot 25% of the garden which I would now like to sell. I plan to use some of the proceeds to reduce the mortgage on this property by 40%. Does anyone know what…
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Porting tesco mortgage
We have a tesco mortgage, in the 2nd year of a 5 year fix. We are looking to move, we won't require additional borrowing and will be well within the LTV for the product we are on. If they sell to an inactive lender are we in danger of not being able to move during the fix period? Thanks
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Sensible Mortgage
Hi there, I realise very much this is subjective and will differ depending on a whole host of other factors...however, thought I would seek different opinions anyway! ;) - Assuming a £200k deposit (on sale of current property) What % of net or gross income would you recommend max for a mortgage? Assuming no more than 80%…
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Mortgage broker
I would like to remortgage to help my daughter to buy her first property. We have a property worth > £1 million and a mortgage of £13k. Our current provider isn’t interested though, perhaps because I am nearly 55. Would a mortgage broker be a good route? There seem to be some 5 year deals available at 2% or so. Is interest…
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Mortgage advise - buying before selling
Hi, I'm in the lucky position of having inherited some money (a bit less than a house worth) from my grandmother. This means I can buy a new house before selling my existing flat - good news as my flat needs a bit of work done first. I currently have a mortgage (approx 30% LTV) on my existing flat. My question is: Am I…
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Mortgage with history of a CCJ
Hi Help please. I own a property outright, in my sole name, valued at £185000. I have a debt to my family of £125000 which has to be repaid by December 2019. I have a settled CCJ from 2018 and a couple of credit card debts which I pay off monthly. I am a registered nurse and earn a basic salary of £36000 and shift work…
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Loan & Mortgage
Hello, Has anyone got a loan via there partner before then used it to apply for the mortgage? Surely this must happen a lot. I have half the funds for a mortgage deposit but my partner doesn’t, he’s suggested he gets a loan for the money, as loans are at such a low interest rate right now, which means he can pay it back…
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HSBC AIP with CCJ
Hi there, hoping I can get some advice here. We are looking for a £250,000 mortgage and have a £50,000 deposit and we’re first time buyers. Joint earnings are £53,000 Total on credit cards £6,000 paying £100 a month off the balance. We’ve had a successful AIP for £250,000 with HSBC who I have banked with for around 15…
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Remortgaging with a guarantor?
I own a property with my now ex partner and he wants to sell the house asap to release his funds. I desperately want to stay in the house but in order to do this I need to remortgage to pay him off. This has been calculated to be a remortgage figure of £265k. I am able to secure a mortgage by myself for £119k but need to…
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1st and 2nd Mortgage
Hi, just after advice. I have a main mortgage on my property and looking to get a small 2nd mortgage for home improvements. Both with the same bank. My idea was at the end of of my fixed term with main mortgage when I remortgage I’d remortgage for the amount of the 1st and 2nd combined to only have one mortgage. Will a…
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Remortgage advice/doublecheck please
Hi All I wonder if anyone could check over my thinking and offer advice please currently outstanding mortgage of £40k and have 8 years left to clear. monthly payments are £471.82 and we overpay by £60 a month (so total = £532) - current mortgage is on svr at 2.75% current value of house is £200,000 thinking of changing to…
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Getting a mortgage after a history of debt
Hi MSE forum, Just finished having an online chat conversation with Habito about potential mortgage application and have been left in an absolute panic so could do with some advice please. To give some background, I’ve had quite a history of debt including credit cards and payday loans. At one point I was in excess of £35k…
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Remortgage advice
Hi, this is from a mortgage novice that’s had a mortgage with my wife for 17 years now. Not a good time for us when we are due to get fixed to a new deal but needs must. We’ve been to see an ‘independent’ mortgage advisor, we’d like to borrow a little extra (6k) for house improvements. Now in my head we are borrowing…
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HSBC consent to let
Hi, We are thinking of applying for a consent to let on our residential mortgage with HSBC. We have found our dream house and for various reasons think we would struggle to sell our flat in the short term. We would like to rent it out for the next year, see if the problems are fixed by that time (and the management company…
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Porting Mortgage
Hello, We’re in the process of moving house , we’re tied in with Santander until Next March so we have to port the mortgage. I understand that I can transfer my existing balance on my existing rate and new borrowing on a new rate. What I don’t understand is what happens next year when that initial rate on my old balance…
