-
Nationwide BMR - does it have a collar?
With talk of possible negative interest rates, I was wondering if the Nationwide BMR rate (guaranteed to be no higher than 2% of the Bank of England base rate) has a collar? Thanks
-
HELP NEEDED with mortgage payments/benefits please.
HELP NEEDED with mortgage payments/benefits please. I currently have a mortgage payment holiday but due to my being let go from work due to Covid, I am now having to claim benefits. I have asked the benefits people about help with mortgage but have been told that there is no help with mortgage interest payments until you…
-
Offered low mortgage loan when will this increase after paying off debts
Currently renting and have gone for a mortgage we have been told we can only get about 100k ! We have been told to pay off Our debts to increase this figure but how long does this take To increase after paying them off ? Any advice greatly appreciated thanks
-
Valuation Fees
Hi all, Hoping someone here can help. We got an AiP through a broker from Natwest (using HTB). He said that they don't tend to take the valuation fee form your account generally until they have looked at your application and deem it likely to be approved - is that correct?
-
Repayment Offset - Match the balance and draw down. Is there a catch
Morning all Looking at a new Mortgage and playing with options We could buy cash outright but then all the money is tied up in bricks and mortar. So options: Interest only and invest elsewhere as long as we outstrip offset interest rate 1.85% and obviously the tax advantage. Or Offset and fund it the same amount £300K…
-
Halifax Mortgage Offer - Furlough
Hi I have accepted buyer on my property and have offer accepted on property I want to buy. In February I got mortgage offer from Halifax but we haven't exchanged yet as our seller has still not found their new place. Since then I have been furloughed for three months. I am not worried about my affordability as I have…
-
Urgent help please
ok so my husband left 6 years ago to move in with another woman. We divorced 5 years ago. I stayed in the home and gave paid the mortgage and bills myself in that time. Never had a penny from him. Now out of the blue I have had a solicitors letter saying I need to provide full financial details to them. I am scared he is…
-
Mortgage after divorce
I'm looking for some advice as to my rights after a divorce. I need to get some money out of the house but I'm not sure if I'm allowed to get anything. Thank you, Simon Deakin.
-
CBILS - Personal Guarantee and Future Mortgage Application Issues
Hi All, I am looking to apply for CBILS Corona Business Interception Loan Scheme. I m sole director of a Ltd. Company. Its my company will apply through my business bank account which is with HSBC. My question is, as govt guarantee for 80% of loan and rest 20% risk is for the bank to cover. Is that CBILS loan require a…
-
Benefit in Kind (car) affect on mortgage?
Hi, I am a first time buyer and Habito advised me that I could borrow up to 93K which brings me to 103K with 10% deposit which is just what I need. However, one thing I realised is that I didn't mention in my application (they don't ask this really) the benefit in kind tax for company car. This means I get taxed more and…
-
Mortgage with additional found
Hi and thanks in advance for any advice, I'm buying council flat, I already have a mortgage offer with additional found (£6000) ,additional found is just to give flat a new look (paint, laminate,changing bath).but according to my solicitor, for council to proceed the sale they will require quotes for material cost and…
-
How does car finance affect mortgage offers?
Me and my partner are looking to buy our first property next year. I have been playing around with mortgage calculators and can see that were is quite a big difference (I'm talking ~£20,000) in what we could get based on whether I input the car finance into the regular spending or not. I'm hoping this is because the…
-
Are any lenders currently doing new build mortgages at 15%?
Looks like we're going to lose out on our mortgage offer from Barclays due to my partner moving jobs recently. Even though our take home pay is now slightly more this is classed as a change of circumstances and so needs a new application. As Barclays now need a minimum 20% deposit we won't be able to manage it. Does anyone…
-
Recommendation for Mortgage Broker?
We've been trying to make contact with two mortgage brokers over the past week: L&C and the mortgage broker.co.uk, none of which are returning our calls. We're unable to start any online application as we need some general advice before we can start (see my other thread). Are they any other brokers forum members would…
-
Further advance
All We have just remortgaged to Natwest on an 85% LTV - we have our property valued at 195K (this was an undervaluation given no houses had been sold in our area for a few years now) We have 30K in the bank to start our extension. We had planned to borrow more and will do to fund the extension to completion. I think in…
-
Undeclared commitments on credit file
Hi there, I wonder if someone could help me. We have been waiting 4 years for a builder to come and so work to our house. He is due very soon and we need to have finances in place. The affordability calculator with our current mortgage company has indicated we can afford what we are asking for. However when we went to get…
-
Whats the current trend
Hi everyone, Like most on here i'm was in the middle of bying a house when all this kicked off and have been keeping an eye on the posts on here espically the ones about house prices dropping and people thinking about lowering there offers. I think i'm right in saying the markerts have started to open/ move again in…
-
LTV vs IVA
Morning All, I am currently looking to purchase a London Help to Buy property with my partner. We have a sizeable cash deposit, brining our potential LTV to about 44% but I also carry the self-inflicted burden of an IVA with Barclaycard. Having spoken to 2 mortgage advisors, their outlook on the situation are vastly…
-
How important is a mortgage advisor being nearby? (Remote Mortgage advisor)
Hello, We are looking at getting a mortgage advisor, and wondered if them being based several hours away matters? My family have recommended their one but due to myself relocating they are in NE and im in the SE. Would this matter? I wondered if it might increase the likelyhood documents get lost?
-
Mortgage now with bankruptcy
Hi all, I have recently posted on here and I’m pretty much asking the same question in case something has changed in last couple of weeks. Any chance of a mortgage now, 2 yeas discharged bankruptcy with a 20% deposit? If so, any idea of rates? Thanks
