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Remortgage with fixed term contract ending
Hi. Would welcome some advise please. I am 19 months into a 24 month (2yr) fixed term contract (job before this was permanent). Job is not IT related. I need to remortgage and most lenders including my existing lender seem to want minimum 6 months left on fixed term contracts. By the time my remortgage can start, i will…
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Barclays o/p taken off 2 mortgages rather than 1
I have 2 mortgage products with Barclays listed as separate accounts (but for the same property). I made an o/p on M1 (the higher interest mortgage) but it has been taken off both products. Is there any way to avoid them doing this, as I'd rather use any o/p to reduce M1 only due to the interest rate? Thanks
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Should I remortgage with only £13,700/26 months to go?
Hi all, I've been helping pay off my mum's mortgage for the last 10 years and we are down to the last £13,700 with 26 months to go (currently paying £530 a month). It's with Barclays/Woolwich and the interest rate is high by today's standards at 3.24% I'd love to shave off some more time/interest but looking around it…
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Moneysavingexpert Mortgage Cashback
Hi Does anyone know how to get the cashbvack advertised on this website's mortgage comparison tool? Many deals say £xxx cashback beneath them but nowhere obvious to click to check out the details. Thanks in advance
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LABC warranty not accepted by Lenders
Hi guys, just thought I’d post here in case anyone else is having or has had, or more importantly Is possible at risk of having happen to them what has just happened to us! We were on the eve of exchange last week and received a call from our solicitor stating that our mortgage provider was unable to lend on the new house…
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Remortgage Prep
Hi Guys, I'm looking for a little advice please. My fix rate is up for renewal shortly. I am just above the 75% threshold to receive a lower rate and that is what I plan to do. The rate offered with my existing lender with no checks etc is 1.94% at 75% LTV with no fees on a 5 year fix. I have had a look on a few comparison…
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List of offset mortgage providers linked to a current account
Hi My offset mortgage deal with First Direct is due to end in January so I am looking for alternatives. I am finding most offset providers link to a savings account rather than a current account. The only ones I have found so far that link to a current account are: First Direct Barclays (No fixed rate option) NatWest…
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Include monthly travel costs in mortgage application?
I spoke to a mortgage advisor at Yorkshire Building Society this morning. He informed me that we don't need to include deductions for our monthly travel costs (daily train fares commuting to London for work) in the commitments section of a mortgage application because their model already allows for that in the…
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Mortgages for PAYE Company directors
Hi all. Proably a weird one this one. I'm 50:50 director in a Ltd Co. We've been PAYE for 3+ years now. No divs or salary. Done this as there are great R&D Tax credit advantages. However at Companies Hosue, we have a trading loss for the last 2 or 3 years although a healthy turnover and cashflow. My question: if I apply…
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Renting out to friends short term - legalities?
Hi, In the process of moving from our owned house in London to a rental property in the countryside. Sounds like a weird way to do things, won't go into the detail but it does make sense. Anyway, we were just on the brink of listing it for rent, notifying our mortgage lender and all the rest of it and accepting the +1%…
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Considering applying for part Repayment part Interest Only mortgage
I am struggling to get a mortgage based on contract rate (I'm a Contractor), despite two AIPs from Metro Bank and Halifax which both led to the mortgage application being turned down by their underwriters (I have one default on my credit file from July 2015, otherwise good) I now have a new broker who has found a mortgage…
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Second residential mortgage question
I have a current residential mortgage on the house I live in at the moment, but I am planning to move out in a few months due to change of job and renting out this house. Of course, I will get approval from my current mortgage provider for that and make sure they are happy with renting it out. I do however want to purchase…
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Gifting my daughter
Can I gift my house to my daughter , what are the advantages and disadvantages ? What would be the best way to do this ? #MartinLewis Suzanne
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Advice on how a new job affects mortgage application
Hi all, has anyone had any experience with applying for a mortgage whilst starting a new job? I’ve been with my currently employer for 2 months now, I’ve also been in regular employment since 2014. I’ve heard a lot of various things that being with a current employer for only a short period can affect rates, I’ve also…
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Credit score before mortgage
Hi, I am looking to buy house in the next year so have been Saving in my help to buy isa. I know that it’s important to have a good credit score, but I have never had a credit card. Is it recommended to get one purely to build up a good credit score or does it not matter if you don’t have a credit score at all? Thanks in…
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Stamp duty - Scotland
Hi, I'm looking for some advice. This refers to properties in Scotland. I am married and between my wife and I we have three houses in our names. None of which are our main residence. They are all rental properties. One house is in my name and the other two are in my wife's name. If we were to buy our first property to…
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You do not have the right to transfer this loan to another lender.
"You do not have the right to transfer this loan to another lender." Is this a common condition in mortgage contracts?
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Help to Buy-significant down valuation
Hi everyone, I’ve posted a few times here and always found everyone so helpful. We purchased a new build via the help to buy scheme two years ago. We are in the process of remortgaging, all accepted subject to valuation...however the valuation has come back at £62,000 less than we paid for it 2 years ago. Meaning we would…
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Gifted mortgage problem- solutions?
Hello everyone- I gifted my partner £15,000 for her mortgage deposit earlier this year, being advised by her mortgage advisor that this would be no problem. It ended up being a huge problem in as much as the bank would not accept my money despite it being clear there was no laundering going on, and my signing forms stating…
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Debt since mortgage
Hello Since taking out our first time buyer mortgage, our circumstances have changed. We took a lot of credit card debt-90% (~£28,000 )of available and a loan (£12,000) out to pay for significant home improvements and purchase our car on its balloon payment. We have also purchased another car due to working pattern change.…
