-
Buying another house, Advise
Hi all, looking for some advice if possible please. I currently have a mortgage on a property i live in, i basically bought the house i grew up in from the council and live with parent's at the minute. The house is worth more than I paid as we got a discount so I owe around 25,000 now in current mortgage. I'm now wanting…
-
Remortgage - Tracker or Fixed? Confused
Need some advise really, a little bit confused... We have a mortgage with Barclays which we took in 2018 on fixed rates for 2 years. The current rate of interest is 1.94% fixed until end of April 2020. We had a letter from Barclays in January 2020 stating we are eligible to apply for new rates from February 2020 onwards,…
-
To mortgage or not
Currently, me and my OH live in a 3 bedroom semi with large conservatory and side extension. Within the next few weeks, our last child will b moving out. My OH and I sleep in separate bedrooms due to my snoring. Our attached neighbours have 3 young children under 5, who are very noisy. I don't mind general children noise…
-
Should I increase borrowing when I remortgage ?
We were planning a loft extension and to borrow this money when we remortgage. Our mortgage advisor is currently carrying out the application. With the Coronavirus I am unsure whether to proceed ? Like millions of others I’m worried about our financial situation. I’m a teacher and my husband is a contracts manager for a…
-
SKIPTON BUILDING SOCIETY
So where do I start?? And I don’t mean to rant!!!!! Hopefully I am not the only one with the same view and argument?? So some 20+ years ago purchased a mortgage with Skipton, at that time I took out the mortgage it came with a GUARANTEE that the society would not charge anymore that 3% above Bank of England base rate once…
-
New mortgage application
We accepted an offer on our house a couple of weeks ago and have partially reserved a new build (the sale and purchase are linked through the developer). We’re obviously having second thoughts given the uncertainty now and thinking of pulling out. We have our DIP and have an appointment to complete the mortgage application…
-
WHAT CAN I DO, TO CLEAR THIS UP?
Hello everyone, So, I have clean good credit and a full time permanent job, however I was very surprisingly declined for a mortgage due to a “risk appetite”. I was & am confused as exactly what that means (you are welcome to see my previous threads) although I have gained a slight rough idea. However thanks to a few…
-
Remortgage or put on hold?
Hi All, this is my first time on here so I am sorry if this has already been answered. I am currently in the process or mortgaging to borrow extra for home improvements. Is this a good time to do this or should I stick with my current mortgage and wait a few months to see what happens with the economy? Thankfully myself…
-
Fixed rate deals, remortgaging and pay cuts
Hi all Fair warning, this is linked to the coronavirus mess we're in. My wife and I bought our first, and what we hoped would be our only, house a year ago last November. We had to stretch and take a 95% mortgage but the rate wasn't too awful (3.6% or thereabouts) and the monthly payment was roughly what we paid in rent on…
-
Nationwide tracker application
Hi all, I am in the middle of remortgageing to a Nationwide 2yr tracker ( applied last week). My house was valued on Wednesday before the base rate fell again , and Nationwide removed all their trackers, and I haven't heard any further re. my application. Is there any way my mortgage will not be offered now if all checks…
-
95% mortgages
So I've started to panic. Had my offer accepted a couple of weeks ago, had an AIP from west brom for a smaller mortgage but my broker said she could get me the amount I offered. I applied for my mortgage and have the 5% deposit. However I've just looked on the west Brom building society website and 95% LTV is no longer…
-
Mortgages for timber framed properties
Hi, I have employed a mortgage broker to find a mortgage for a timber framed property that was built before 1965 but so far only one lender available. Surely there are more than one!!! Can anyone advise please? Mathew
-
Tracker remortgage?
I currently have a 2 year Nationwide tracker (1.09% plus base rate). It expires end of August but I'd probably want to move in the next two or three years, so I'm wondering whether there's an opportunity to get a slightly longer tracker or a low-fee fix in the meantime. House is about 250k with 115k remaining. I'm aware…
-
Separation and transfer of equity – without a Deed of Trust – trying to avoid court!
We are in an odd situation – my ex boyfriend is looking to buy me out of a property which we bought for £300,000 (he paid a £20k deposit, I paid £10k). We don't have a Deed of Trust in place, but I'm not trying to get 50/50 split (which I'm told I would get, without a Deed in place.) He has drafted up a Deed with his…
-
Mortgage Overpayment Question
I have successfully completed today my remortgage, the amount is £250k. Now I have a question about repayments - according to the mortgage offer it says the following: It says I can make overpayments up to 10% of £250,000 - does it mean I can pay up to £25,000 in addition per year without paying any penalty for it? My…
-
Porting a Mortgage
Hi there Hope everyone is well and looking after each other!! I am about to re-mortgage to a new deal, to start from July 2020. I am currently looking at a 2 or 5 year fixed rate deal, however, I am also possibly looking to move house at some point in that time as well. I wanted to find out if there are any costs involved…
-
Remortgage advise
My fixed rate mortgage fell out of it's term in December and now I am paying over £150 more each month. I was in the process of trying to sign up for a 5/10yr fixed rate mortgage (we built our house and have no intention of moving) bit now I see the Bank of England have cut interest rates again.Can you advise on best…
-
Endowment Concerns
I took out an endowment mortgage in 1995, mid oct. The policy matures this year. The mortgage that I took out was for £74k and I brought it down to £50k by making over-payments. In Jan 2020, the value was £44k but since coronavirus, it's dropped to £36k. I've been told by Halifax that it's not 'with profits' and when I…
-
How long before mortgage interest rate goes down with the base rate?
Hi all, My fixed term mortgage is about to expire in the next month. Seeing as the BoE has reduced the base rate down to 0.1%, how long does it take banks to normally follow suit? Days, weeks, months? Im thinking about staying on the variable rate (4.2%) and then fix (current fixed rate is 2.09%) when the bank lowers its…
-
What do we do?
I don't know what to do. We're first time buyers, having rented thus far. Hubby & I are middled aged ( 35-40 ). We are desperate to buy our rental house, we're in negotiations with our landlord, as in order to maximize our mortgage affordability, Eg how much we can borrow & for how long, we really need to apply within the…
