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New lender or second mortgage??
Hi, Hoping somebody might have some advice. Our current mortgage deal has come to an end - we are now looking for a new deal (decided on a 2 year fixed), but we would like to borrow an additional £60,000 for improvements to the house. We have a low LTV and affordability wise, we haven’t got a problem with the additional…
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Remortgage question
Coming to the end of our five year term, in around the 60-63% LTV bracket, not sure what the bank's valuation is.. we owe a little over £100k. I went to see the broker a few days ago and they said the bank was offering 2% to keep us for another 5 year fix. This is already much better than the 3% we are on now. We like the…
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Help to buy isa + shared ownership
Probably a stupid question but if you have a help to buy isa and the property share you're buying is less than 250k but the actual property is worth over 300k are you eligible for government bonus
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Shared Ownership Mortgage Eligibility
Hi All, I'm currently looking in to purchasing a 2 bed flat in SW London using the shared ownership mortgage scheme and had a couple of eligibility questions. 1. Do mortgage lenders assess your affordability just for the mortgage you are taking out or do they also look at affordability for the mortgage + rent as well? 2. I…
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Mortgage Wife name only
Hi, I'm self employed with less than 2 years of tax records. Mortgage advisor recommend to me not been included on the mortgage application nor on the property deeds. What consequences this may bring down the road? for example I'm thinking in two extremes Death or Divorce?
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Pepper Mortgages
Hi all Has anyone had dealing with Pepper Mortgages recently? We have had to go through them for several reasons, we had a DIP within a week & all sounded good. But upon application our mortgage advisor has said they may still reject us!! We have sent him all the relevant paperwork they require last week, but haven't…
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Lifetime ISA spare and bonus query
I have a two part query about the Lifetime ISA. First of all, my wife and I have around 28k in our LISAs for a 228.5k house which will be built in May (hopefully!). We have had a mortgage offer for a 15% deposit which is 34k, so we were thinking of just topping up the LISA with 6k from our savings. However, I am just…
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Not allowed to reduce mortgage term
Hello money savers. I’ve just been on the phone to my mortgage provider (Skipton) to make a one off overpayment. Got the details and amount confirmed but I was surprised to hear that I wasn’t allowed to reduce the term and could only reduce my monthly payments. This is apparently due to some recent change in government…
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Mortgage for tenants in common
Hi all, My mum is nearing retirement and the term on her mortgage but hasn't paid off a chunk of equity. Is it possible for me (and sibling) to be added as tenants in common to mortgage and for the two of us to take out a mortgage on her behalf? This seems like a safer option than a lifetime mortgage for protecting our…
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What's best route for me please?
,? 2 Hours, 13 Minutes agoSo my scenario is my husband and I are separating. Mortgage owed..£84k. My inheritance..(not in my account)£60k. I want to keep my home with my daughter (10) for now. Income... early retirement from ill health and child benefit £660 monthly. My husband wants to get his own place . I rang my…
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Garage not included
I’m 2028, my mum bought a new build house. It was bought under a housing scheme. All was well with the purchase, it went smoothly. The house she bought was the last one of that style available. Detached house, with a double drive in front. It is a squeeze to get 2 card on there but it serves purpose. There is a drive way…
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How lower income affects remortgaging
Hello - I’m looking for some advice in regards to remortgaging. We’ve been with our current lender for around 4 years now, and are currently halfway through a second 2yr fixed deal with them. I’m looking to borrow money against the house to pay for a kitchen/help fund a wedding/consolidate some minor credit card balances…
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Incorrect parking fine - will it affect my mortgage application?
I’m mid way through my first mortgage application. I’m really concerned that I got an incorrect parking ticket (inputted my vehicle reg incorrectly due to rubbish machines!). I completely forgot to contact them regarding it (really angry at myself for forgetting!) I have now got a letter from Debt Recovery Plus (first…
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Fees for mortgage
Hello, I am looking for some advice. I am with a mortgage broker who has got me a 4% rate due to a very small default from 2016 for a phone and a run of missed payments from 2018 (all cleared and paid in full by end of 2018). Other than this there was a dmp in place that was completed earlier than arranged in 2017 but…
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How much stricter are 5% deposit mortgages?
Hi everyone. I am in the process of applying for a 5% deposit mortgage and am worried sick about it. I know nobody can know for certain however I wondered if there were any brokers or experienced people who could tell me if the bank is likely to be much harsher with a low deposit than say a 10%? We had to sell our house at…
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Borrowing agiansgt an unencumbered property
Hello, I'm new to this so please bear with me. My husband and I own our home valued at £225,000, with no mortgage. We'd like to buy another property as a long term investment for our children (currently 15 and 12 yo). We have found an auction property with a starting bid fo £125,000 and want to borrow against our house to…
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Mortgage Deposit from trust Fund
Hi all, Posted a bit more in depth in another section of the forum about the specifics of this question, but one for any mortgage brokers out there. My mother is potentially setting up a trust fund with a (roughly) 50k lump sum of cash that must be used to buy a house. The money is only repayable on my death, and she wants…
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Purchase price renegotiated - mortgage offer?
FTB, so maybe a bit dumb about this, but: I've just successfully renegotiated the purchase price on a flat I'm in the processing of buying, based on some work that needs doing. I'll still be borrowing the same amount, and my LTV is changing only minutely; do I need to go back to my broker and change anything to do with my…
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re mortgage web site are the anygood
Hi my present mortgage rate is ending soon and wanted to ask if the above are any good and which ones to use
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DIP approved but found unsatisfied default- panic stations help please
We have been approved for a DIP with nationwide. we are due to put full application in tomorrow. We checked Experian before doing the DIP but yesterday we did check my file. My partner is showing an unsatisfied default from 3 years ago with t-mobile for £70. the fact we have passed the DIP I’m presuming this would be known…
