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Mortgage for 2 properties on one deed - to be used as single family residential property - help!
Hi All, Looking for some insight into buying 2 properties on a single deed. This is a 2 bed house with a 2 bed extension, effectively a second self contained property which the current owners have had tenants in. There is no internal connection as of right now. We are looking at the property for our family with older kids…
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Is it better to settle other loans?
Hi, I have a small car loan. Does it look better when I am looking to re-mortgage and checks are made on me that I am paying this loan on a monthly basis without problem, or will it count against me that I have this loan?
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Broker advice
Just a quick question, my application with West Bromwich building society was paused by them over 7 weeks ago. My broker is furloughed but says that the administrators will continue my application when west brom unpause it. My query is can I contact west brom myself and ask questions. It's frustrating because the house is…
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buy to let mortgage
can someone explain how a buy to let mortgage works please, i am interested in trying one i own a mortgaged house with about £150,000 equity and wondered if i might be able to get a buy to let mortgage by using some of that equity, but im not sure how the process would go so some explanation would be helpful. thanks
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Do I have to declare if I get married soon after getting a mortgage as single?
Hi, as far as I know lenders care if you are single or married, whether you have kids or not etc. before giving you a mortgage. So I'm wondering if I get a mortgage for a first home while I'm single and have no kids and get married and have kids let's say within 1 year after getting the mortgage do I have to declare that…
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switching rate increases mortgage balance
Hi i hope all members are safe and well. we have £60,000 remaining on our mortgage and are looking at switching rate as our 2 year fix rate term ends in June. We currently pay £553 and the new repayment term will be £623 if we move to SVR. Having checked with our current provider we can get a new deal that means we pay…
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fixed or variable
I am 2 years into my mortgage. I had a 2year fixed deal that saw me paying £856 per month but I have just received a letter to say that I am being moved to a variable rate of 3.59% and will now be paying £1005 per month. Should I look elsewhere? Is the rate high because of the corona situation? should I wait? Any help much…
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Mortgage extension
Hi currently have an offer from halifax which expires on 30th june but have a feeling new build wont be ready then so I'm looking for an extension which shouldn't be a problem as still working full time and no other changes in circumstances. I noticed the 5 year fixed rate which I have been offered has had interest rates…
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5 Year fixed mortgage ending query
Hi, My 5 year fixed rate deal ends later this year so just started to take a look to see what options were as I think i could potentially sign up to new 5 year fix in July/Aug. Will likely stay with current provider as rates are competitive at the moment. I wondered what peoples views were on taking a mortgage with 0 fee…
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Moving house with a fixed rate mortgage
Hello, Our 3 year fixed term mortgage will come to an end in a few months, so now in looking for a new deal. It's currently on 1.94% interest. We are considering a 5 year fixed term for our next mortgage - but want to know more on how this affects a possible house move within the next five years. We are a young family -…
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What is a reasonable mortgage payment?
Or is it all relative? The reason I ask is I have a friend who lives in a relatively expensive area but then has a mortgage of £1000 a month and a car payment of £300 a month and struggles month to month but feels the area outweighs selling the property and getting something 'comfortable' saying you should always buy the…
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Advice on second home mortgage :)
I bought a small flat (under my name only) few years ago, I live in it and everything is fine but now I would like to also buy a house with my partner as a joint application and keep my flat as well. Yes I understand there will be additional stamp duty but are there special considerations about the mortgage application? I…
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Time to re-mortgage, House is SSTC. What to do?
Hi All, Hope you are all keeping safe! My mortgage is up for renewal as I approach the end of the 2 year initial period. My property is actually SSTC while I am still looking for a new property to purchase. I am currently with Barclays which I like as my banking is done with them, just makes everything easier for me. I am…
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Mortgage Payment
A few years ago we took out a mortgage solely to build an extension on our house for my father to live. The mortgage will be paid by my father when he sells a property. My question is can he make the payment into our mortgage account when it is due?
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Stuck on a mortgage with my ex after 9 years apart
I am looking for some advice regarding my current situation and hope you can help. My ex and I purchased a house about 11 years ago. We not only got a mortgage for this property we also got a loan to pay off his debt. The mortgage was £98000 and the loan was £25000. The loan is linked to the house therefore the house is…
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Getting a mortgage and relocating, help!
Hi I'm looking to get a mortgage on a property, I'm a First time buyer and would be looking to use the help to buy scheme, I have a 5% deposit for the house I'm interested in and extra for other costs. I already have a decision in principle however what's causing me great concern is how likely a mortgage with Barclays is…
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Mortgage with previous poor credit.
Hello everyone and thank you for reading. I hope you are all managing to stay as safe as possible during these awful times and that those who are furloughed aren't facing too much anxiety. Originally I posted just after Xmas for mortgage advice. I decided to delay the mortgage application, forfeit the house and spend a few…
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Underwriting
OK, so long story... Will try and make it short! Trying to buy a new build with kensington so went through a broker. Agreed in principle, went to underwriter who asked for a few other things, did those. Was about to be valued when lock down started so now just in the long wait. However, the more this has gone on the more…
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Specialists Lenders
Hi Has anyone recently applied for a mortgage with a specialists lender in the last few weeks, in particular Aldermore? We were declined for a mortgage this week with Natwest but keen to try another lender if possible. Will try to contact our broker tomorrow to see what our options are but wondered if anyone had any…
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Advice Residential to buy to let and port existing
I currently have a mortgage 40% LTV. It is residential with permission to let. The mortgage lender is West brom who dont appear to do btl. Would it be possible to get a buy to let mortgage on current property. Then port this mortgage to buy a different property. ?
