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Remortgaging - long fixed term and considering porting
Long time lurker here! I'm in the process of remortgaging, and we are considering a 5 year fix as rates as low at the moment. However, if we want to move in the fixed term without paying ERC, we'd need to stay with the same lender. With a long term fix and porting, does it make sense to consider overall affordability…
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Overpayments vs Savings pot for HTB EL
Hello, Would appreciate the advice/thoughts of fellow forum members on the following: Currently have a HTB EL mortgage (London so EL is 40% ~240k). Mortgage is 1.9% five year fixed, monthly repayments ~1k. 10% capital reduction per annum can be made without any charges for overpayments. Interest on HTB EL will kick in 5…
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Does it make any difference if I’m not on the mortgage
Hi I wonder if anyone can advise? So we were selling earlier in the year (fell through last minute but it’s not of relevance to this) and got a DIP from nationwide, they said we could borrow £151,000 but we only needed £136,000. Anyway it went to a senior underwriter and they said we could only borrow £117,000! We managed…
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No longer required
No longer required thank you
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I'm seeking advice on a unit linked endowment
.....I have a 25 year unit linked endowment (MGM Managed) which has 3 years until maturity. I have never considered surrendering this as I (mistakenly) thought that there was an added bonus if kept full term. Now, I have paid £20,000 into it over 22 years and the unit value for the majority of the term seemed to fluctuate…
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Will the interest rate be recalculated near remortgage completion?
Just double checking something a broker said to me. I thought my current mortgage deal ended end of December so started engaging with brokers. Turns out it ends at the end of January which obviously means I will make an additional payment. I have roughly calculated what my outstanding balance will be at the end of the deal…
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Properties already converted to flats or bedsits
When I start looking I would be interested in a mortgage on a place, that has the potential for the downstairs to be used for my elderly mother. All that really means in practice is that it needs a downstairs toilet with the option to convert something else to add a bath etc. I've seen a number of places online (4 bed +…
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Remortgage for land ?
Hi all, I have an unecumbered house valued at £650,000. I would love to purchase a sizable piece of land as a hobby smallholding and was hoping to raise £50,000 on a remortgage. It appears this is nigh on impossible because it's for land. Purchasing a car appears as one of the reasons to remortgage which seems daft. A car…
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Restriction on title register obstructing transfer of equity
Hi all - I've noticed a few threads about restrictions on title register in recent times, but none which address the particular technicality I'm interested in. I'm in the middle of a transfer of equity, selling a stake in my former house to my ex-partner. The property had and still has a mortgage which my ex took on. TR1…
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Mortgage Question
Hello I don’t have a mortgage yet and would be a first time buyer. I know lenders check how long you have been in a current job but do they check how long you have remaining in your job? I have a 12 year contract with my job and would be looking to buy in my final year of my contract.
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Sub Account help!!
Hello We brought our new house in August 2018. Due to when we moved we still had 3 years left on our current mortgage package we ended up having the extra set as a sub amount. The closet we could get to the other term ending was a 2 year deal so this is up August 2020. Any ideas on how.i go about linking these together is…
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Deposit on a low value property
Good morning. I’ve been saving for a deposit to buy my first property (using a help to buy ISA mostly.) I was hoping to have enough by some time next year however I now have the chance to buy a property for a bargain price. A family member is needing to sell a flat quickly for personal reasons. They bought it for £75,000 a…
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Negotiated lower price on new build counting as incentive?
I'm in the process of buying a new build house. The list price was £529,000; but we offered £504,000 and for the developer to include flooring throughout. This offer was accepted. I'm now having a problem with my mortgage broker, because the reservation form shows the price as £529,000 with a £25k discount; the broker sees…
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Mortgage overpayments
We have a £14000 repayment mortgage over 10 years at a rate of 1.69% fixed for 3 years and then £8000 on interest only at the same rate. If i want to start overpaying this which bit am i better off doing it on the repayment part or the interest only part ? Thanks in advance
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Extending my house using equity
Hello all. I'm new here and this is my first thread. So me and my wife to be as of this weekend own a 1 bed bungalow. It's beautiful and of a decent size inside. We paid a small figure for it and since we knocked down a wall, redone the kitchen, bathroom, floors etc etc, we had it valued at e0k more than the purchase…
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Buying out Ex Partner of Mortgage
Hello there So my new partner has booked a valuation on his house through Petty so that he knows how much he needs to pay his Ex partner out of the mortgage. They are charging him £360 for this. He has been told by a solicitor that it has to be a marital valuation? I just want to know if this is true or if he can get a…
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Re-mortgaging & New Job
Hi everyone, I'm getting a little stressed about this so hopefully someone can help me... My mortgage fixed term period is up at the beginning of March 2020. However, I am in the process of leaving my current job as I have an offer from another company. Do you think changing jobs right before I am re-mortgaging is going to…
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Banking compliance officers please help
nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing
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remortgaging to move after going self employed
the scenario is; daughter and son in law got their first mortgage a number of years ago and bought a 1 bed house, child number 1 arrived 2 years ago and child number 2 is expected next March. daughter still works for a company so no issue there, however son in law gave up his PAYE job at the beginning of this year and is…
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Tesco Mortgages moving to Halifax
Hi, I paid a hefty early exit fee to get out of my halifax mortgage and went with tescos. Now tescos have sold my mortgage back to halifax. What are my rights to get my early exit fees paid back? I have paid them to leave Halifax but now seem to have ended up with them anyway.
