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UK citizen, non-resident - how do I remortgage?
I am a UK citizen but currently living abroad in Denmark. I moved about 2 years ago for work and intend to remain for about 5 more years, and then return to the UK. I would like to remortgage my UK home. All the lenders I find so far ask for UK residency - is it now impossible for me to remortgage?
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To pay off Help To Buy or to remortgage Help To Buy
The dreaded 6th year looms and I have choices to make. I used the government's help to buy equity loan to assist with my first mortgage. It's a whopping £30,000. I realised that it's not something I can just gradually pay off bit by bit as at least 10% of the total house price (as valued at the time of payment courtesy of…
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Shared Ownership mortgage - is it possible?
Hi everyone, Hoping you can help. Me and my partner are looking at a shared ownership property mainly just for security as we are privately renting and feel that it's very uncertain as the landlord could give notice at any point. My partner works full time earning 18k and I've recently had to stop working due to my health…
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Mortgage calculator- Monthly commitments
Hi all, just a quick question. When looking at a mortgage calculator to see rough guides of how much a company might lend, it has a box that says month commitments. This is credit card, loan, store car payments etc. In this box, do I put the minimum payment amounts for these things? At the moment I am paying higher figures…
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FTB Mortgage offer received now furloughed
Hi, We are first time buyers and reserved a new build that was scheduled for completion in June. Building work has now ceased due to circumstances and expected completion is now around August. We received our mortgage before the coronavirus lockdown. My partner's circumstances haven't changed but I have been furloughed. I…
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Remortgaging question
Hi, I have a mortgage with Woolwich, and before the virus hit I was considering moving house. However, I now intend to stay in my property and renovate it. In order to achieve this, I will need to borrow further funds from my mortgage provider. My credit rating is good & my job is secure, but will the situation with the…
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Remortgage Advice
I'm currently remortgaging and have the following options. 2 year fixed - 1.23% - £408 pcm 5 year fixed - 1.51% - £424 pcm 10 year fixed - 2.19% - £467 pcm Tempted by 10 year fix, basing this on interest rates likely to have risen for next remortgage and I like the stability of knowing what the payments will be for next 10…
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First Time Buyer Advice
Hi, I'm new to this, my son is looking to buy hes first house, he wants the payments as low as possible.He is looking to buy an house for 60,000, he'd prefer a project, with a deposit of 24,000 this is were we are helping him with some of the deposit.Hes looking at getting a mortgage over 25 years, probably 5 years fixed,…
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Regulated BTL
How does the affordability work for a regulated BTL for family. I have a BTL property at the moment that has an ordinary BTL mortgage on it with tenants. The mortgage is based on the rent. If , one day , in the future , I wanted to let this to family I know that I would have to change the mortgage to a regulated BTL. My…
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Fee or no fee?
Would someone mind helping me calculate which of these options is the cheapest? Balance: £128400 Term: 28 years 2-year tracker Option 1: 1.74% (Variable: base rate + 1.64%) £482.37 per month Fee of £999 added to loan Option 2: 1.74% (Variable: base rate + 1.64%) £478.65 per month Fee of £999 paid upfront Option 3: 2.14%…
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Sale fallen through - is mortgage offer still valid
our sale purchase fell through this week due to sellers deciding they no longer want to sell. our mortgage offer is with Nationwide and it says it"s valid untill mid August. If by some miracle we find another property in the next few weeks what would happen to our mortgage offer? if a valuation was done on another…
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probate and morgage
my dad passed away in march and im just going through probate due back anyday now... my Q is thier is 18,000 left to pay on morgage and im on esa and dont think i can get a morgage and i dont know what to do because i would like to keep the house it is valued at 90,000 . also a friend said my dad might have had an…
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Giving a reason for Consent to Let - how much can the mortgage provider check?
To cut a long story short: I bought a house 2 years ago with my wife; we divorced a year later, and my friend bought in on the house, taking over (roughly) half of the mortgage; now we're thinking of moving out within a year or two - I want to move to a different city but commute to my current job, he wants to move abroad…
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Mortgage Advice - Renting to Former Partner and Som
Hi, be grateful for any advice. My ex-partner and I split several years ago. They remain living at the house with my son. The house and mortgage is in my name, with approx. 50% equity. I wish to keep the house and for them to remain living there. But after several years wish to buy a new property for myself, I need to…
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Porting a mortgage whilst in a new job
3 years into my 5 year mortgage and want to move house once all this is over. Been with my current employer for 7 years but got a new job I will start after covid19 drama has died down for 6k a year more. Owe 148k on current mortgage, should be able to get around 193k for house which is around 10k less then Zoopla…
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new to mortgages
Hi I don't know if anyone can help. We inherited our property over 12 years ago with no mortgage payments, previously to that we was in rented accomation. We are thinking of selling this one to buy another property, would we be classed as first time buyers? as we have never had a mortgage before
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Mortgage Rate Switch
Unsure whether to do the rate switch this weekend online or await brokers emails Monday. The rates direct are very good and affordable. Will this ruin future chances with brokers?
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Interest only mortgage?
I've been looking at mortgage options on comparison sites. From the sites it looks like it's possible to get interest only - is this possible? I was under the impression they had been withdrawn unless you had a very low LTV but for the quotes I had put 85%. I have another house so it would be better if I didn't have to…
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Child planning and mortgage term
Hi all, We are one of the 373,000 currently stuck in property transaction limbo, but hopefully we can get exchanged and completed soon. Our mortgage offer expires next month, and as I understand it, it would be a case of rekeying the information, and should be pretty straight forward as nothing about our situation has…
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To pay off or not to pay off.....
We have approx £135k to pay off on our mortgage. Two endowments have recently matured and we have approx £90k sitting in bank accounts. Should we use this to pay off part of the mortgage or put it in a savings account?
