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Can you fix then fix again?
Is this situation 'normal' and allowed? Switch mortgage rate with existing lender at 60% LTV for October 2020 (can secure rate 6 months early) Take out additional borrowing over the summer to increase to 75% LTV, meaning main bulk of mortgage is at Oct 2020 rate and the new borrowing at 75% rate, even though 60% rate has…
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Mortgage Insurance
Hi everyone , me and my partner are in the process of buying our new house. We are being asked by our mortgage broker about mortgage insurance. It seems expensive to us are we better trying someone else or getting life insurance instead. Any help would be greatly appreciated. Thank you
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Life assurance from exchange or completion
Hi all we are due to exchange very shortly but completion won’t be until October? we know we have to have buildings insurance in place for completion but what about life assurance? As our assurance is to cover the mortgage it will decrease over time but technically the mortgage won’t start until October? Any…
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Overpayment of mortgage when selling the house.
My current situation, im in the process of selling my house. it was sale agreed on end of feb 2020 at 96k. I currently have seen a new property got offer accepted for 125k. was looking to use sale of my own property to fund a 45k deposit for the new property. I could not go to my current lender (bank of ireland) as i had a…
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What Mortgage to take for a year?
Hi Wondered if anyone can give me some advice. My current fixed mortgage deal ends in August. I'm looking to move house next summer 2021. My next move will require a bigger mortgage as I'm buying a more expensive house so I anticipate I'll need more money to borrow. In the meantime what should I do? Get a discount deal for…
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Existing homeowner moving to Help to Buy - “cash deposit” clarity
Thanks for stumbling upon my post. I have searched high and low but can’t seem to find answers on this so hopefully you can give some advice please: I am currently a homeowner and have amassed approximately £90k equity in my home based on expected selling price. I would like to sell my house and use that equity to purchase…
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Endowment maturity and income tax
I have an endowment which was taken out some 30 years ago to pay toward my mortgage (I’ve since paid the mortgage off). I’ve paid the premium every month without fail. It matures this September. I had thought that as it was taken out to part pay a mortgage it was tax free. However now I’m not sure. I’ve been doing searches…
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Mortgage broker recommendations?
As title states, before I dive into the abyss , are there any highly recommended brokers to go to for a mortgage? I’m a first time buyer:). Thankyou.
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remortgage, pay down credit card before applying
hi i owe roughly £5500 on a credit card, i pay around £100 a month of that and will be probably going to get a loan for a car of around £7000 in the next few weeks. I am due to remortgage in november. im wondering whether it would be worth trying to pay down my credit card before i apply for the remortgage, its likely i…
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Paying it off early
Hi could you give me some advice should I pay my mortgage off or bank the money. Interest rates at .11% and my mortgage is 2.5% I think I am better off paying it off.
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Remortgage when paid in Euros
Hi, I am looking for some advice... Current mortgage expires in a few months. Its a joint mortgage. I have currently part of my employers Expat programme so am now a Spanish resident and will be for the next 2 years or so. I am paid in Euros to a Spanish bank account. I still contribute to the mortgage which is a standard…
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Payment taken for mortgage I no longer have
Hi all, hope someone can help. I recently moved house, part of this was paying off the mortgage on the old house with the new mortgage. My solicitor contacted them weeks ago, was given my redemption figure, passed the details onto me, paid it off as part of the purchase on the new house etc. Except now my old lender (lets…
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Monthly payments help
Hi, I am trying to decide which mortgage product is best for me but would like some help please! I have done some calculations but would prefer if someone can sanity check them please. There are two options I am looking at. The House is worth £350k and both options are on a 1.23% interest over 25 years. Option 1 £150k -…
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'unencumbered mortgage' - need advice
Hi all, I'm was looking to release some equity from my current flat which I own outright by getting a mortgage,I believe it's called an unencumbered mortgage and was just wondering if there was anywhere in particular I should look/read up on as I don't feel like I know much? The mortgage would be used to buy a second…
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Can any mortgage advisors tell me whether I’d actually get one?
Hi Folks, Bit of a long-winded one but will try and keep it short. I currently own (and live in) a large Guest House. There is a small property attached (previous occupants owned entire building(s) but split into two when selling). They rent this out to another family who are shortly leaving and I would like to purchase it…
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Void thread!!!!!!
Void Void Void
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Remortgage to Raise Funding Question
So, my dad is looking to help me out through re-mortgaging his house to help me with a business investment. There is plenty of equity so that isnt an issue. The questions is that Nationwide say that you can re-mortgage for a variety of reasons but not for raising capital for Business. Now as he is passing it to me, it…
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Remortgage query
I bought my place last year and 2 yr fixed product ends next Feb (jumping ahead I know). I am fearing that I will not be able to remortgage and lose my home if we go into recession after covid-19. I am still working so not losing any income, but worried I won’t be able to remortgage next year if we go into recession. I…
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Question on remortgage
hi My 3 year mortgage with Virgin comes to an end soon and I got a new deal with HSBC a few months back via a broker and have almost completed all the checks with the solicitors appointed by HSBC. My current deal expires on 1 July 2020, is this the "exchange date" I should advise the solicitors of, to avoid any early…
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Endowment pay out
We had a letter from Scottish Life saying our endowment is due to mature on 1 June. It was on track to cover the mortgage due to my overpaying every month, but due to the pandemic I am assuming the payout will be reduced due to the financial difficulties? Scottish Life cannot tell me the figure until 1 June, which I…
