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Coronavirus: Estate agents to reopen as England's housing market returns
Coronavirus: Estate agents to reopen as England's housing market returns http://news.sky.com/story/coronavirus-estate-agents-to-reopen-as-englands-housing-market-set-to-re-start-1198729 Hopefully can exchange and move safely.
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At what stage is valuation fee paid?
I've been asked to, and have paid, the valuation fee to Halifax today. Does this mean I've passed the initial checks and it's looking promising?
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Early repayment charge - would a lender ever waive it?
Hello folks, I have a HTB London property with a Halifax mortgage of £100,000 and a HTB equity loan of about the same. I would be around 70% LTV if I extended my mortgage to buy out the equity loan, which I can now afford to do. The Halifax mortgage is just over 3 years into a 5 year fix at 2.9%, with an ERC of 3% for the…
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Surveys / Valuations
Just received this from my mortgage advisor, he's been in touch with our valuer who are planning to get started with the backlog of physical valuations next week! Subject to the sellers being happy for it to go ahead, hopefully we'll get some progress at last!…
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Son off with stress 6 months in to first home ownership & mortgage Options?
Son purchased first house late last year but is now off work with stress & unsure whether he will return to work. Still getting full pay on sick & will for a while but looking for options. What would be the implications of renting property out which would be enough to cover costs? Mortgage is with HSBC who I believe may…
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"Consumer BTL" / property business
We own a house in London, which we lived in for 4 years until 2017, after which we moved away, bought a house elsewhere, and we now rent out the London property. We don't live in the London house now and we will not live in London ever again. The property is run purely as a (nicely profitable) rental business, which we…
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Talk of mortgage payment holiday extending to 6 months or 12 months....
Would you take it or is it more harm than good really....surely credit files will see no payments or reducing balance....and it will make things difficult in the future. Banks have all sorts of coding/software to track all sorts we wont ever know.
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On old FMH mortgage - ex pays - new mortgage ?
My friend is divorced. The divorce court consent order confirms his ex wife must pay the mortgage and all outgoings - he pays nothing to house ( obviously CMS ) He receives his share of equity when youngest 18. Can he get a mortgage for himself now bearing in mind he doesnt pay out for the first mortgage ever again ?
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bounce back loan and its impact on mortgage
I have a mortgage(along with my full time employed partner) offer in hand, and going through the purchase process right now. Am also self-employed and thinking of getting a bounce back loan to support my business. I know there is no credit check or personal guarantee for LTD taking BBL. But what happens for a sole-trader?…
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House deeds and Ex
Sorry if this is a long one property in joint names with ex. Very amicable. Was originally my house and we remortgaged. When we split couldn't get mortgage in my name only hence why he still on it. I have a developer that wants to buy completion in 12mths due to semi detached half needing time. Exchange contract and…
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Product transfer fees?
FTB HTB here deliberating on whether to fix for two or five years. We don't plan to move for the foreseeable future (at least ten years, if ever). 2Y at 1.39% vs 5Y at 1.68% (difference of about £33 a month for the relevant period), with the current LTV being 46.5%. The Equity Loan will not be repaid within two years…
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remortgage or pay off mortgage
Hi newbie here looking for some advice. i have an outstanding joint mortgage and savings. I need to get other person off the mortgage but am planning on selling the property approx 12-18 months. would i be better off using savings and clearing most of outstanding mortgage and taking a small mortgage for 12mths or just…
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Endowment surrender value reduction excessive
I have an endowment that had a surrender value of 19750 in November. The surrender value as of today is 2k less. I appreciate that endowments can go up and down so wasn't surprised it's now a lower value during these times and with the stock market being lower. I was surprised that the value had reduced so much. My…
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UK Mortgage with EU salary
Hi all, I've done a few searches, but I could not find anything too close to my situation. I have moved abroad from the UK to NL last year. Long story short, we're moving back as soon as Covid allows it. I will keep my NL job and commute a bit. I would like to get a mortgage in the UK. Anyone knows much about these…
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Physical valuations
Hi Does anyone know if physical valuations will be soon getting up and running again? I'm a 95% LTV and buying a leasehold flat. I have been on hold since march 23rd as they cant do a desktop one. Just want to know if it will be soon now or at least have a date. My broker is on furlough so I've got no one really to ask. My…
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1st mortgage in middle of COVID-19
Hello, The current buzz about mortgages is that banks have basically slashed the LTV ratios and have gone ultra conservative on lending, which I can understand. That said....I might want a mortgage. What are the chances of getting one, do you think? In summary, I might be looking to borrow at about a 75% LTV, around…
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Halifax Valuation
Hi All, Any advice/opinions would be greatly appreciated. I submitted a full application with Halifax 23rd March, I had a notification that a hard search had been carried out and after speaking to my MB they confirmed this was all fine and the next step was to wait for the valuation to be booked, unfortunately we went into…
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Amount of debt vs bigger deposit
Hi all! If all goes to plan, my partner and I are hoping to be in a position by December 2022 to buy the house we are currently renting (already discussed with landlord). I have done a spreadsheet and based on our debt now we should have around £6,000 debt left and around £20,000 for a deposit. My question is...would it be…
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Credit card debt, no deposit, want to buy - where do i prioritise money?
Hi All Hope someone can give me some guidance. I will hopefully be divorced next year. Always rented with exh. Ive got 13100 loan (think its on 5 % this is amount owed inc interest as seen on banking app) consolidated debts before marriage ended. 6500 on 2 x 0% credit cards. 56 in a lifetime isa. I earn 41723. Just stopped…
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Post bankruptcy mortgage rates
Hi everyone! Hoping to get some clarification and help concerning interest rates post bankruptcy. I am coming up to the 6 year mark next year and my partner and I are looking to buy our first home. What kind of interest rate would we expect if we apply for a joint mortgage? Basically we are looking for as much information…
