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10 Year Non-Interest Shared Equity Payment Due. Should I pay it?
Hi All, Back in 2010 I bought a house using the governments 10 year no interest bearing Shared Equity scheme. I took 15%. This payment is now imminently due (around £20,000). I have the money saved up from over the 10 years but its almost all of my savings pot, should I make the payment given the times, or hold onto it due…
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Currently paying £20 per day interest due to my remortgaging process being delayed through no fault.
Hi, I'm looking for some information & guidance regarding my rights to do with my current remortgaging / staircasing application. I'm currently in the process of remortgaging and staircasing at the same time. I currently own an 80% share in my flat but I'm in the process of staircasing to 100%. A few weeks ago I signed a…
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Building on my H2B house
My partner and myself are due to move into our new home in a few months. We are also planning on a baby. We have decided that although me LOVE the house we have bought the kitchen space is to small to raise a child in. We are wanting to extent the kitchen ( like a orangery or conservatory) but we can’t find any details on…
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Equity release/non standard property
Hi have looked into Equity Release and been made an offer only problem property is non standard and they require proof of this. Believe property is Wimpey built in 1966/7 tried several avenues with no success is the only way forward a structural surveyor or is there some other way of finding out - thanks.
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I’m looking for some advice
I’m hoping this is the best place to get some advice from someone who knows about mortgages. Basically our situation at the moment is that we have a house we bought for £65k and have a mortgage of £56k nowWe are looking at a new build at around £194k and they said they can take ours in part exchange, there’s also a…
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Should I pay off the negative equity now or keep the cash?
Hi I have a mortgage of 125k bought in 2007. The value finally crept up and the week before the lockdown I got a valuation of £105-110k. I was v pleased with this and was prepared to pay off the negative equity (have been saving and also got a money transfer 0% credit card so have £30k cash available) . I wanted to pay off…
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Alternative ways to confirm identity?
Hello all I have secured a re-mortgage offer but now need to confirm my identity. The problem is I am on lockdown a long way from home where my identity documents are. Are there any alternatives? I do not need to re-mortgage until the 1st July and the mortgage offer lasts until September. Thanks
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Mortgage Rate Change, Can I change my mind?
Hello people, I was wondering if someone could provide some advice in relation to my mortgage please. We have a mortgage with Whistletree and last month I rang them up and went on to a 5 year fixed deal (which started on 25th March 2020) with an interest rate of 2.74%. When I have gone on their website today, their 5 year…
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Natwest rates to come down after last cut?
Hi all, I currently have a Natwest Mortgage, on a two year fix about to expiry, I logged on line to see what was available and was offered another 2 year fix at 2.25% (£0 costs). I was about the electronically sign up for this, when I saw on the TV the base rate had been cut by 0.5%,so I held off signing. I was expected…
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Borrowing more mid-term / Early repayment charges
Hi all. I am currently 3 years into a 5 year fixed rate mortgage. Thinking of applying to increase the mortgage/borrow more for some home improvements (probably about 50k). Never done this before. Would I incur early repayment charges by doing this? So would it effectively be a new mortgage or would it still be classed as…
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NatWest Valuation
Anyone else awaiting a valuation for a NatWest mortgage? HTB ATP issued and everything all ok with the mortgage, just waiting for a valuation to be completed so an offer can be issued. Wondering if anybody has managed to have a remote valuation completed with NatWest in the current times? I am buying a new build one…
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Mortgage Holiday, Furlough and Fixed Rate ending (Halifax)
Sorry if this has already been covered but just looking for some advice on taking a mortgage holiday. My husband has been furloughed whereas I’m currently working from home on full pay, however, the possibility of furlough has also been mentioned by my work. Our fixed term rate is due to end in September and our intention…
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Conveyancing process during Covid19
Hello, We decided to delay the conveyancing process until after we would get a mortgage offer, which came this week. However, it seems that our lawyers have closed their offices due to the quarantine, we haven't paid them anything yet. I understand that by law, we wouldn't be able to exchange contracts before the…
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Covid-19 - tracker mortgage - should I increase overpayments?
Hi there, Back in July I switched my mortgage from a fixed rate to a two year tracker mortgage with Nationwide. The tracker was 1.84%. Because of the interest rate drops, my new interest rate is 1.34%. Presumably this is a good opportunity to increase overpayments and I have, unwittingly, made a good decision back in…
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Mortgage application and Klarna
Just wondered what the opinion was on Klarna and such like, when putting a mortgage application through? How are these schemes viewed? We are in desperate need of a new mattress (its 10 years+ and we've just noticed a spring has escaped through the surface) and as we are both furloughed currently we could really do without…
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change of parties
my morgage is £36k Value o er £90k wanted to add sonbut underwriter declined as address didn't cross match as I hadn't informed my bank and work of new address plus other things both me and my son on excellent credit rating. I'm disappointed can I get his name on house deed without morgage change of parties live in…
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mortgage offer adjustment
we have our mortgage offer with Nationwide at 75%LTV and due to exchange contracts when lockdown lifted If we ask for reduction to our offer (would like to try for 10k less, but keep to 75%LTV )- would we need a complete new offer with providing new evidence. Or as the amount they are prepared to offer and our deposit…
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Barclays, extensions and rekeying
Hi I know there are lots of more important things to worry about right now, so please excuse me asking this, but.... a long story short. We had a mortgage offer in place with Barclays. Contracts were signed and all was set to complete before crisis started. It didnt and with the offer going to expire all panic broke out to…
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Mortgage: Get a New Deal or Get a loan to clear it?
Hi Everyone, I have 9 months left on my Mortgage with £12,000 left to pay. As my 5 year fixed rate ended I have been put on 4.99% for the rest of the payments but i'm not sure whether to try and get a better Deal with my current provider or switch to another bank....or get a 12k Loan to clear the mortgage outright. My…
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Godiva/Coventry BTL Flexx for Term Mortgages
The Coventry BS/Godiva have not reduced their variable rate for these BTL mortgages, even though they have always adjusted them up and down in line with the Bank of England and even though they have reduced their SVR and savings rates. All of 1000s who have these mortgages need to complain. They have now withdrawn the…
