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Buy to Let mortgage and Residential Mortgage
I have an interest only buy to let mortgage which is due for renewal later this year. On my own property I have 2 mortgages, one a lifetime tracker on a decent rate and the other on a fixed rate that is also due to end later this year. Is it possible to remortgage the buy to let property, (a £120k mortgage on a £220k flat)…
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First national/GE money 2nd mortgage
My parents took out a 2nd mortgage with GE money in Aug 2004, the loan was variable and theres nothing on the original documents to state how long the variable term was, the loan rate was 9.6% and base rates at the time 4.75% since then the loan rate had only gone up, currently 11.64% how can this be when base rates…
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Remortgage
My fixed rate is due to end. In view of covid19 and the inevitable financial crash that will follow I definitely need to get another fixed rate but would a 2 or 5 year be better?
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Mortgage Holiday How Will Future Lenders View This?
Hi Guys, Hope everyone is keeping safe and healthy. I have taken a 3 month mortgage holiday for my personal home mortgage but also for a personal loan, again for 3 months. I understand it does not effect credit scores and been assured of this. However, after talking with friends they think it will go against me with future…
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Barclays overpayments X3 monthly direct debit every few days.
Hi I have been trying to overpay my mortgage before it ends in October as I'm shared ownership and want to buy the last 20%. I was going to pay one lump sum to pay off my 10% but they have told me on the phone to pay X3 of my monthly direct debit amount. My question is they told me I could ring up now every day or so until…
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Unexpected double payment shortly after remortgage
Hi. We have recently remortgaged for the first time, completing on 9th April. We were due originally to complete on 1st April but our previous mortgage lender didn't send through the necessary paperwork on time. We asked our broker upon completion whether he knew when the first payment to our new lender was due to be made.…
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Mortgage holiday but still paying interest - good idea?
Hi. I’ve got a residential mortgage with consent to let (as I’ve moved to another city for work). Tenants have given notice to move out in two months, but I could easily keep up the repayments (roughly £500 repayment + £220 interest each month). To give myself a bit of breathing space, I’ve successfully applied for a three…
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would I need a broker for mortgage or go direct?
hello. im looking to get a mortgage (residential) but unsure if I meet high street lenders criteria. if not will I need a broker? * 1 default (£800) 5 years old. only negative on my files * 1 late payment store card 11 months ago I currently have a property which I have owned since 2007, I would be looking to keep and rent…
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Shared ownership with restriction on stair casing
We had a mortgage agreed by Barclays who have now pulled out because we can’t staircase to 100% ... the property is restricted to 80% being in a rural area, we have a mortgage broker whom we gave this info to at the beginning of whole process, we are now at risk of losing the property we want, does anyone have any advice?…
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Help to Buy Remortgage
Hello all, I will have been in my property for 5 years in June and as such I am due to start paying the interest back on my help to buy equity loan. I am also planning to sell the house and move in with my partner within the next year. I’m aware this is something no-one will likely be able to answer with any certainty, but…
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nationwide 1st mortgage payment
due to exchange and complete on 10th May, and suggestions when my 1st mortgage payment would be debited - ie May or June ( I believe it will be higher than normal monthly amount as it will also include from the 10th to end of the month )
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First mortgage. Gaps in work history
Hi. My life's going to change soon. I live with a parent and he's selling up to emigrate. I have 25% equity on the deed, as I put money in to renovating years ago. After the sale and once I add in my savings, I should have a deposit of around £180,000 to put against the kind of property I'm hoping to get which will be…
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Mortgage advice with pending insurance debt
Hi, My partner and I are looking at getting a mortgage but 7 years ago I had an uninsured car accident (stupid, I know). The woman who is claiming against me is currently stacking a bill which will come out of my pocket due to having no insurance. The current figure is around £30,000. I intend to pay this off monthly when…
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HSBC mortgage extending term
I am coming to the end of a fixed rate period for a mortgage with HSBC. I would like to extend the term to reduce the payments, but I am a bit concerned about a few unknowns. It seems like I would have to go through a whole application as if a re-mortgage, but I'm assuming some of it would be different to the original…
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Wrong product on mortgage offer
Just before lockdown, my wife and I had confirmation via our broker that our mortgage offer was being made. In meetings with the broker, we agreed to porting our current mortgage with Halifax and then borrowing additional funds with Halifax to avoid fees. In the first mortgage illustration, the broker had chosen a product…
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Switching from Repayment to Interest only
We are only 6 months int a 3 year fixed rate mortgage with Halifax for £100000 (6 years to pay in total. Can I switch to Interest only with my current or another lender for 5 years. We have a second property we could use as the asset to pay off the loan. Any advice welcome.
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Rent holiday whilst waiting for mortgage
Morning all, we have had our offer accepted on a property but due to C-19 they cannot complete a valuation. We have had to extend in our rented accommodation until this can go through, but I’m wondering if we took a payment holiday on the rent would it have a detrimental effect on our mortgage going through? I’ve been…
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Problems with ex on joint mortgage account.
My ex and I got a mortgage for a house in 2007, in 2008 he left. Since 2008 he hasn’t contributed anything towards the mortgage payments or the house - I don’t know where he is, I just have an email address for him. I had to let the house out, which it is still let out today. I’m now having issues with the mortgage…
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When remortgaging, is it right that HSBC keep all account separete?
Ie, if you have two mortgage accounts with previous lender (advance and further advance) they do not combine them to make one total? Is this the same for most lenders?
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Adverse lenders during Covid
So I know most lenders pulled a lot of their products when the lockdown first kicked off. Just wondering now that a few housebuilders are starting work again, have these products started to return yet? Particularly adverse lenders like Precise Aldermore Kens etc? We are H2B so will be 5+20% deposit. Not sure if there’s…