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mortgage deposit
Hi all, We enquired about a mortgage about a month ago and could only get one with 20% deposit. I have read today that it is apparently a good time to get a mortgage, have deposit rates went down again?
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mortgage advice
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Remortgage / buy now pay later
Hi, my wife and I are looking into building an extension and kitchen refurb. We’re making the most of the lockdown virtual design options and had a design we like drawn up. We still need to chose colours and see in flesh but atleast my wife and I have a layout and we are the most indecisive people at times. the sales…
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Living away for work
Hi All, Hopefully soon, when lockdown is released, I will be moving away for work and renting. I only have my main home and it is mortgaged. Will my situation affect my mortgage even if I keep paying as normal and dont rent it out? Thanks
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New mortgage
Hi everyone. My partner and I are considering getting a mortgage in the future. We have been doing calculations on how quickly we can dissolve any debt we have and clear loans. We recon about 4 years or less. My question to u is as we are about to head into one of the biggest recessions this country has known and bank of…
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Mortgage FTB help!
Hi, i was hoping to get some advise, I want to apply for a mortgage, FTB, i have a full time employed job, and a part time employed job. Full time for 8 months, and part time one 4 months again both permanent. Im looking to do it on a shared equity basis by adding to my own personal deposit. So halifax are only lenders…
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Change of ownership and Help to Buy loan
Hi, I am separating from my partner and was just looking for some advice on the best way of dealing with the situation: We are 12 months into our 5 year fixed. ERCs currently stand at £6k. We also have the 20% help to buy loan. My auntie has agreed she is willing to add her name to my mortgage and my ex-partner removes her…
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Debt, new mortgage and endowment maturing
I’m looking for some advice. We currently own a house with a mortgage of 126000. We have about 6000 deposit in it, this was borrowed from my mum and we still need to pay back 4000 of it. I have credit card debt of 4500, and 6000 although 4000 of this is due to be paid back (had to lend money for rescue flights). I also…
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Mortgages on Agricultural Land
Hi I'll explain my position, my partner and I have ~£40,000 in cash (we can probably get up to £50k if needed). I have seen some agricultural land for sale at £120,000 so I'm thinking we have a good deposit and could maybe mortgage the rest. Now I know it'll need a specialist lender, and I'm expecting some reluctance.…
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90 ltv to specliast lenders
When will higher ltv come back to specialist lennders
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Moving from offset mortgage
hi all,Our house mortgage (16 remaining) is an offset 2.19% + BoE life tracker with FD. The outstanding value is £99K and we are 100% offset .... We will very likely not move from this house. I am wondering whether I should move to a repayment product (maybe fixed) as our LTV is low ~30% and use the £99K offset pot into…
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Port a mortgage but keep the old property?
Hello, I'm in the early stages of planning to move area, I don't want to wait about for my current properly so i've been thinking of a possible plan if anybody has any experience of this. In theory could I port my First Direct mortgage to the new property (higher value so would need negotiated) and take out a BTL mortgage…
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mortgage holiday - future implications
Hello, We have currently been accepted for the 3 month mortgage holiday due to us being affected by the Covid-19 outbreak. Our bank confirmed that there would no impact on our credit file and that the status of our mortgage would show as 'up to date' throughout the payment holiday. If we apply for a new mortgage in the…
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Increase existing mortgage to cover renovations
Hello, we're aware this option isn't always the most financially savvy option, but it's what we are currently looking at. My question is whether the timing is awful or good with the lockdown/Covid19 and the imminent recession. I was wondering if the banks might be more keen to get the business, or if the whole market is in…
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Natwest Desktop Valuation
Moving house and have applied for a mortgage with NatWest. They have recently undertaken a desktop valuation and told me verbally over the phone that the valuation has come back £19,000 (4%) lower than our offer but I won’t receive any report. I want to re-negotiate the price but vendors EA wants written evidence of the…
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New build mortgage
Does anyone know who is now offering mortgages on new build houses? Long story..... My credit rating isn't great but we have 36% deposit. My broker is rubbish at getting back to me...
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Joint mortgage question
Hi My partner and I both bought a house individually on mortgages a few years ago. Now we are planning on moving in together and looking to buy a bigger house but we are still paying the two mortgages separately. In general would we be able to take out a "third joint mortgage" to buy this new house? How would the maximum…
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My partner is renting her flat out and her 5 year fix ends in a few months. What would you do?
Hello. My girlfriend and I both have a property each as we had both bought somewhere before we met. I was wondering if I could ask what you would do if you were in our position please? Apologies for all the questions coming your way! We live in my 3 bed house which is currently worth £420k and I have £170k left on the…
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Older couple wanting to buy a house
Hi! My husband and I married just over a year ago, and both came into the marriage with debt. We have been really trying hard to pay down those debts, in order to begin saving and buy a home in the next few years. The problem is, he is 56 and I am 48. I worry that we are too old to be given a mortgage, even if we manage to…
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Physical valuations which are on hold.......
Good morning all. To those who have higher LTV applications submitted (ours is 95%) and are having to await physical valuations, will the application just continue as agreed initially, after the physical valuation has been able to go ahead? Or are application being withdrawn/cancelled as the original product (95% LTV…
