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RTB mortgage - where to get advice?
Hi all, my mum is thinking about using the RTB scheme to buy her house. She has applied to the council and they have valued it at £70,000 and with her discount would cost her £24,000. She can afford to pay a deposit too but is confused on if she would be able to get a mortgage (she works full time, will be 60 this year) or…
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mortgage acception and criteria
we were accepted with nationwide for a SIP which expired in November. we couldn't find anywhere and moved renewed our rented agreement on the basis we would wait another year. however the perfect property has now come on the market and our offer accepted I have not kept my bank statements pretty ( lots of buying over Xmas,…
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H2B mortgage search
Hi, I've spent a good amount of time looking for an answer to this question but not found anything, that could mean it's obvious so apologies if it is. When looking at lenders to see how much they will lend, I have tried 2 ways when it comes to what I would like to borrow. a) Taking 20% off the asking price and inputting…
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Fixed rate mortgage and staircasing
Hi all, Anyone knows what's the deal with fixed-rate mortgage and staircasing? With interest rates so low at the moment, we're looking into getting a 5 year fixed on a shared ownership purchase, but unsure what effect that would have if we were then to buy an additional share before the 5 year fix is out? Would that be…
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Help with Halifax mortgage with bad credit history
Hoping someone can help me get to sleep tonight. Myself and partner have recently received a dip with Halifax (via broker) we were scored a1 whatever that means and need to provide 1 months wageslips each, proof of deposit and id. This includes a default of mine from 2015 (settled) for £300 with o2. My partner has perfect…
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Remortgaging - Restriction found on title
Hi, apologies if this is in the wrong forum. I'm going through the process of re-mortgaging for the first time and the solicitor acting for the lender that I am re-mortgaging to, have found a restriction on the property title deed. The restriction is: "No disposition of the registered estate by the proprietor of the…
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Mortgages
Hi All, . I live by myself and had no idea of different kind of mortages. I have a fixed mortgage for 5 years. I took this out last year. I wonder if i can opt out of this mortgage and look for a cheaper one.
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Mortgage first or Personal loan for a car first
I want to purchase a second hand car and apply for a mortgage the next two years. I have never borrowed any money (except student's loan) so I don't know if I should get the personal loan (spread over 5 years) first and then wait until the year after to apply for a mortgage or if I should wait until I am accepted for a…
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Mortgage retention rates: Lock in now or wait?
Have now received our mortgage options from Virgin. Our product expires in June. Our 2 options on £188,903.56 (current balance), 23 year remaining term are; 3 year fix 1.75% interest rate with a £995 fee 2.05% interest rate with no product fee Or 5 year fix 1.69 interest rate with a £995 fee 1.98 interest rate with no fee.…
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Remortgage in my 40s over 25 yrs?
When I get divorced I desperately want to keep my house. To do this, I’ll have to remortgage and give my husband his equity, which means in my mid 40s I’ll be looking for a pretty hefty mortgage with 75% LTV and over a 25 year term. I’ve got a pretty good pension, and will be able to show I’m due a lump sum which would pay…
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MAS No5 GMAC RFC
Hi just joined the forum I found this thread and it affects my family is it still valid information? you are an ex-GMAC RFC customer who had your "mortgage" sold and you REALLY want to get your own back on the Cooperative Bank and MAS No.5, here's a way how! Check your GMAC "terms and Conditions", specifically Clause 5…
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Mortgage overpayments and decreasing term life assurance
Hi There, I have been overpaying my mortgage and also have decreasing term life assurance. The policy and mortgage are both via Nationwide. My question is, I assume the decreasing term amount of cover is based on making the standard mortgage repayments? If so then what happens if mortgage capital is reduced faster by…
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Mortgage overpayment reserve
Hi There, I have been overpaying my mortgage and have built up an overpayment reserve. I would like to use an overpayment calculator to work out how much my term will be reduced. The calculator gives me the option to specify a one off lump sum, regular payment or both. My question is, should I choose both and then enter my…
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2 years on and still getting knocked back?!
Hi all, Getting really fed up with the whole mortgage thing now. June last year we bought our first home through H2B and man that was a stressful journey for many reasons however we completed with Precise mortgages on a 4.74% deal and have been paying 4 figures a month. We had some adverse which was fair enough. Coming up…
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Name removal
Hello. I own my house with my mother, both names are on the mortgage. She would like to take her name off the mortgage so it’s all mine as I am the only one who pays it. Santander have told us that she can have her name removed but she will have to move out of the house. I was just wondering if this is right. She doesn’t…
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Mortgage downfall
My father passed away and we have inherited his home which we rented from him. He had an interest only mortgage with 101k on it and the property has been valued at 90k, we are buying the property but what do we do with the shortfall
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Loooong wait for valuation
Ugh I’m so fed up of this mortgage application. 3.5 weeks to sort the paperwork to their satisfaction (when they already had what they actually needed) and now we’re approved subject to valuation, the valuers are being super slow. They have up to 5 working days to arrange the valuation and we are now on day 4. Anyone else…
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Santander Timeline - my experience
Just thought I would give my recent experience of applying for a mortgage with Santander. Split mortgage in that we are porting and applying for a top up. Porting element makes up approx one third, top up two thirds. Mortgage package included a free valuation. Via a broker: Full application submitted Weds 29th Jan…
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When can I start shopping around?
Hi Guys, I moved a few years ago and ported my mortgage across. I got a separate Mortgage to make the difference. Unfortunately they both had different end dates on their fixed rate, with one end 1st Feb and the other 1st July. I understood that if I wanted to have just one mortgage I would have to wait till the other…
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Over pay mortgage or credit card
Hello, After some advice please. I would like to get a bigger mortgage to move house. My lender won’t lend me anymore but has advised I can overpay my existing mortgage which may help to prove I can afford more. I am on a interest only mortgage and they won’t even let me move to repayment. Main problem is not affordability…
