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Mortgages & endowments

Archives for December 2019

Debt Free and want to buy a house
There's a long drawn out story in the background but basically I had my house repossessed in 2011. It's virtually three years since it disappeared from my credit file and during that time I have taken the opportunity to ensure my credit is clean. My partner and I have been living in rented accommodation for 8 years and we…
Mortgage affordability: outstanding debt or repayment rate?
I'm looking at a house but falling short by about 10k in terms of affordability since I have a lot of debt. The affordability checker only seemed to care about my outgoings rather than the balance. My plan is to hammer the debt, but am I best targeting the most expensive to bring the debt total down, or focus on getting my…
Remortgage?
Hi all, Hoping you clever people can help me with this We're currently in a 5 year fix with our lender at 2.38% with £103k ish left to repay and 2 years 11 months left on the fix. House was bought for £116k 4 and a half years ago and approx value now is £160k. Payments are £398 a month We had the house double glazed and a…
Mortgage chance for newbie in UK
Hello, I'm less that one year in UK and I'm wondering how much a lender may be willing to give me a mortgage, regardless the amount for now. Do you think is required at least 3 years of permanence here or I can try even now? I ask because this will result in my credit history and is not good if I already know it will fail…
First Time Buyer S106 Advice
Hi all, Am new here and I'm one of those usual lurkers that browses for advice but my Wife & I are in a situation where we are looking for specific advice, any of which would be greatly appreciated. We are both first time buyers and currently living with parents which I'm sure many can relate as being really difficult…
First time mortgage with CCJ
Hi - just wondering about advice for a first time buyer with a CCJ for £3,100 which is now just over 3 years old. We have a substantial deposit and the CCJ (for one of two parties) was unknown overpayment of wages from a previous employer which is now paid back (no excuses, I know). Neither of us have any other black marks…
Barn Conversion Mortgage
We are looking for a mortgage for a barn conversion which is steel framed, built with blocks etc and larch wood cladding on the front and tin on the back with rendered gable ends. Does anyone have any advise as to which building societies will look at this please? Already tried Nat West and Newbury BS. Many thanks.
Right to Buy Mortgage
Hi, My mother and i are proceeding with an RTB. We completed the RTB1 form and I have gone down as a family member sharing the RTB. For the record, I am not a tenant, my mother is. I am allowed to share the RTB with her and have been accepted by the housing association. The S125 offer letter has come through addressed to…
10 year fixed rate mortgage advice
I'm considering remortgaging for a 10 year fixed period. I'm 51 and looking to retire in 10/11 years. My current 5 yr fixed rate finishes with Virgin at the end of April. (I've overpaid by roughly £36 a month to make my monthly payments £600.) it has 15 years left so I'm looking to reduce the term to tie in with my…
Additional mortgage borrowing
Hi all- I'm looking for some brief advice please. Myself and partner bought our house for £315,000 A year and a half ago. Our mortgage was for approx £264,000. It was a complete house renovation so have spent the past year doing lots of work to the house. We've now run out of runs to complete the house. We have talked…
Advice note 14 and HelptoBuy redemption
Hello all, Just wondering that giving the impact of advice note 14 and potential zero valuation of properties, whether anyone has considered or has managed to repay a HelptoBuy loan based on a zero valuation?
Mortgage Application Declined due to oustanding Pay Day Loan
Hi everyone Myself and my partner are in the process of buying a new build. Here are some facts : * Our earnings together sums up to £60k * Our property value is £316,000.00 * Plot reserved * HTB authority to proceed received My partner has no credit cards or loans. I have a loan for the sum of £13,700 (taken last year)…
Remortgage to clear small debts
Hello! We purchased our house approx 18months ago and made a few major changes. We got the house revalued and have gone from £145k to £195k - Hooray!! We had planned to use this to our advantage and look at moving, but currently the move wouldn't give us enough house to justify it. So, we thought we could remortgage to pay…
Mortgage/Redemption fee
Hello i hope someone can give me some advice please. My partner and I are looking at buying a house together but currently both have our own existing mortgages with redemption fees, I would be greatfull of any advice given so we avoid paying both redemption fees. Thank you for any advice given in advance.
Seperation and Shared Ownership query
Hello all, I dont really know where to start with this. My partner of 5 years ended our relationship at Christmas two months after buying our first home (we rented 4 years prev to this). We are currently still staying in the home address due to our jobs and our 2 year old son whilst we try and sell it, which probably wont…
Mortgage draw down and savings account
Hi all, Newbie here so apologies in advance if this is in the wrong section. I wanted to check something with you as I gear that I have inadvertently done something stupid and now I am panicking about it! In September earlier this year I received my mortgage draw down for home improvements, however the actual building work…
I'm not a FTB but also not remortgaging? What am I?
Hello, quick question. I had a house and a mortgage in my name back in 2014 but it’s been sold. So do I fall under ‘remortgaging’ even thought I am not! What am I and what schemes are out there for people like me?
Halifax and Rmortgaging
Hi All We got our mortgage almost 2 years ago by the skin of our teeth (had historic arrears, etc) via a broker. It was a 2 year fixed deal. So its almost time to renew it. Our mortgage was initially with Tesco... and they sold it to Halifax. So Halifax is now our mortgage provider. Now my current situation is that my…
Switching Current Accounts during Mortgage application
Hi! So me and my husband are in the process of buying a house. We've had our mortgage offer and are currently waiting to exchange contracts. It's all proving to be a lengthy process. We currently have a joint bank account with Halifax which all our bills come out of and our wages go into. We both also have a personal bank…
Santander Mortgage Application timeline
Folks, just thought to check if someone has had a recent mortgage application with Santander through an independent M broker ? trying to find out whats the time line - is that the case that once they instruct valuation survey, it means the application is with underwriters ? and all they are waiting for is the valuation of…

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MSE News

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Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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