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Mortgage brokers and advice
So I've had an offer accepted on a house and I had an AIP just through my own bank. Going forward I'd obviously like to use a broker as I need a 95% mortgage so slightly more awkward and I'd like the best deal. Obviously the estate agent are keen for me to talk to their advisor although when I asked if he charged, they…
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Potential Earnings a self employed Mortgage Broker
Hi, I am just wondering what the potential earnings are for a self employed mortgage broker. I have an idea of what can be achieved per mortgage, but wanted to see what can be achieved in total, and how many mortgages an advisor can complete per month. I have worked in the industry for a year, in a slightly different role…
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Director shareholding and future remortgage.
Hi all, I have to re-structure shareholding in our limited company. At the moment it's 50/50, myself and husband. He went to work via umbrella and I have to change ownership structure, so I can pay myself dividends without generating too much tax liability for my husband. I was initially thinking about going 95/5 but then…
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Existing tracker swap-possible
Is it possible to swap from one tracker to another -Nat wide-existing Customer. The option seems to be available online E.g. -swap product 1.99%-variable base +1.24% Current tracker 2.34% variable base +1.59 .35% advantage based on current baae rate. Edited to include payments Current 2.34% -£265.56 If I swap to 1.99% Is…
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High Deposit Low Earnings Mortgage
Hi all, My wife's mother recently passed away and left a house which we now have an offer on. We are looking to use this Money and to get a small mortgage to supplement another house. The deposit after deductions including setting aside money for Stamp Duty on a new home would be £500,000. We would then need to get a…
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Early mortgage renewal?
I have read that you can apply for a mortgage with some providers and they will honour your rate for up to 6 months. Ours is due for renewal in January and I'm noticing current rates are lower than what we have (we fixed for 3 years). Just wondering if anyone knows of any banks/building societies that will allow us to…
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Mortgage discharge fee
Hello and thank you to anyone that takes the time to read this post. My mortgage term is ending on the 30th June, it was a 15 year mortgage taken out in 2004. When I inquired about recieving the redemption figure I was advised that as my mortgage term was ending that I wouldn’t have to pay the mortgage discharge fee as the…
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Expat Morgage: How much deposit and when to seek broker?
I have relocated to Switzerland in the last few months and I have found myself in the lucky position of being able to save substantially more than when I lived in the UK. I would like to purchase a home in the UK as a buy-to-let in the near-ish future. I understand that I will need a specialist broker and a larger deposit…
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mortgage protection Lambeth Building Society
I had mortgage protection on a mortgage in the 1990,s with the Lambeth Building Society. Which have now been taken over by the nationwide. I have been in touch with Nationwide but had no luck. The low rate mortgage wasn't available unless i took the mortgage protection, as time is running out to claim, i've posted on here…
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First time buyer or remortgage?
I am hopefully going to buy my ex-partner out of the house we shared. We were mortgage free, do I apply as a first time buyer or a remortgage? Neither really seem to fit the bill, any advice would be appreciated. TIA 321
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Mortgage with High amount of debt
Hello there. I have a bit of a situation and was hoping for some advise. Me and my wife own our own property outright (No mortgage) Value approx. £450,000 which we have owned for coming up to 8 years now. I earn £50k per annum and my wife has a part time job earning around £10k. Now for the sticky bit.. Between us we owe…
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NatWest mortgage tracker help
We are awaiting a mortgage decision through a broker with NatWest. We have the online tracker information and I checked it this morning and it said please call us to discuss your clients mortgage application. Out broker is off today so I will contact her ASAP tomorrow. Has anyone ever gotten this message in the tracker?…
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Advice with mortgage and building developers
I am looking at buying a new build with a HTB schemes. I have had a valuation done with Barclays who valuated 10k under the asking price. We changed to Santander who also under valuated it by 13k. Doing this at the advice of the mortgage broker and the developer. Now we are advised to go for another application and we…
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Porting mortgage and borrowing more with same lender
Hi, We currently have a £130,000 mortgage at a rate of 1.89% that was fixed for 2 years, ending on 31/01/2020. We are in the process of purchasing a house of the value of £380,000 and require a £342,000 (90% LTV) mortgage. I have spoken to London and Country who advised the best product for our requirements is a 2.29%…
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Massive data breach
Hi all My mortgage company have sent me details in the post of another couples mortgage (Address, monthly amount etc..) If was a letter sent with ours in the same envelope. What authority should I report this data breach to?
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Capital gains tax question
Could someone advise if the equity I receive after break up and coming off mortgage is subject to capital gains tax? I have recently separated from partner. She is buying me out and it has been our home for 6 years. We have not lived anywhere else. I think as it is our main home I will not have to pay CGT?
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Deed of Consent
Hi folks, I’m in the process of buying a house. My mum and brother will be living with me- but they’re not on the mortgage. The mortgage is with Santander, the form states thy should seek legal advice. Which I get, after all it’s legally binding! A witness is also required. Am I right I thinking the witness doesn’t have to…
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Question for any brokers
Our current 5 year fix rate mortgage ends in May 2020 and I will need to take another fix - the balance will be circa £140k. This tax year I am salary sacrificing £50k in to my pension - or was for April and May 2019, but I've just had a thought that if I continue this all year my P60 will only show gross earnings of £20k…
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Switching buy-to-let to residential mortgage
Hi, I own two properties. One on a residential mortgage, another on buy-to-let mortgage (currently vacant) with two different mortgage providers. I want to change my residential mortgage to buy-to-let and my buy-to-let to residential - I.e. switch them around. The house I have a buy-to-let mortgage on is nicer so I want to…
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mortgage questions
currently with first direct which was fixed they have sent me a letter stating i can stay on the SVR or the following deals are availiable to me 600khouse, 33000 mortgage left. I want to borrow another 35K for a car(i know but im getting on a bit and just once want to own a sports car, doing up the house, children etc and…
