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Buying abroad
Afternoon all We have been mortgage free for a couple of years now and have around £60k saved for a possible house purchase in Almeria, we are saving around £2500-£3000 per month. My question is, we are currently looking at properties with a aim to buy probably some point in 2021, could we remortgage now for £60-70k so we…
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Old mortgage payment still going out after switching ?
Hi guysWe are moving from Barclays to Virgin Money tomorrow as a remortgage. The Barclays payment always went out on the first of the month and the Virgin one is set up to do them same. Having looked at my bank account this morning its showing that the usual Barclasy payment is pending for tomorrow - will the payment still…
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LTV issue
All resolved now
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First time buyer bit lost and confused
Hello folks I have moved from being self employed/contractor into permanent work and have some money saved up, this week an offer too good to miss has fallen into my lap and im seeking advice from a mortgage adviser, however having never done this before I dont really know where to start anyone have any suggestions for…
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they are Adding money owed to Mortgage overpayment
The crux of the problem as i can understand it: We originally had a repayment mortgage. During the banking crisis 07/08 we took a pause in the mortgage as I became unemployed. This I believe put us on an interest only footing for a while. After a year or so my wife contacted them to re-start as it was. They advised if you…
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Remortgage parents BTL to build in my garden?
Hello My parents
currently have a BTL property, value of £375-400k with no mortgage, yielding £15k
gross per annum. They have pension income of approx. £40k on top of this. My wife and
I have a plot of land at the side of our house, that could get PP quite easily
for a 3 bed detached. Cost to build would be approx. £300k…
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Remortgaging After 2 Year Fixed Deal Finishes
Hi My 2 year fixed deal is about to expire and the broker I arranged it with said to remortgage with the same lender at a rate of 1.99% I found a deal with another lender 1.49% with very similar terms and asked the broker if that was available. He replied saying it was so I asked to switch and they applied for me. The…
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How long to fix for and for how long?
Coming to the end of our 5 year fix on our nationwide mortgage. We have £122k left to pay and it’s just under 40% LTV with 14 years. I’ve been overpaying a wee bit a month. I’m keen to pay of my mortgage in 10 years. I was wondering if I should go with a 2 year fix for 1.09% or a 3 or 5 year fix at 1.34%? What would you…
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Can a bank pay back my overpaymnets?
As per title can I request the funds back?
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Natwest Remortgage offer shortfall
I am currently undergoing a remortgage application with Natwest, so I can purchase the remain 50% share off my housing association (its a shared ownership property) This is my current timeline* AIP issued: 17th June (Full credit check performed) * Application Submitted: 18th June (Soft credit check performed) * Valuation:…
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Mortgage with bad credit history
My boyfriend and I are looking to buying our first house in 18-24 months. The problem is I have a number of late credit card payments from 2017/2018 (I was stupid and didn't realise the effect it would have at 21). I have since worked hard to clear my credit card debt and have managed to get this down from 15k to 8k in a…
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Remortgage issue
Hello everyone,I am in the process of remortgaging with
Santander, but after 5 months from receiving the offer and after so much paperwork I have sent and I have paid for all the fees,my solicitors is telling me that the offer wasn't available for me, because my application was for a Shared Ownership and Santander dind't…
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Shift rate premium
Hi all. I’m a first time buyer currently trying to purchase for around £230k with 10%, currently biding my time for a few weeks/months as 90% mortgages return to the market. My question is about shift premium rates, I’ve used the calculators online and a lot of the have an option for shift rate premium, I’ve found…
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Advice on mortgage with valuation below selling price
Hi I am buying my sister's property for a low price - essential what she paid for it. That is approx 195,000. She partly funded the original purchase with an equity loan that needs paying up on sale. The value of the property is now 260,000. My mortgage broker advised me to arrange a mortgage and the sale price is 260,000…
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Bills as % of Pay
I am looking to purchase a bigger house and was wondering what the accepted % split of gross or net pay to mortgage and to total bills is? I realise there will be a conservative and less conservative end to this % figure. Just wanted to make sure I don't go for too big a property that will leave me short each month. I am…
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Transfer of Equity-with mortgage-Nationwide
Hello. I have just brought a house, as tenants in common, and a month after moving my partner left and wants out of the house. We have a 90% LTV mortgage with nationwide, 150k on the mortgage and I have a salary of 55k, my only other outgoing is my car finance which is low and about to be paid off. we have agreed a sum to…
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Help to buy delays
Hi, I submitted my Help to Buy equity loan application on 18th June and are still yet to receive any response yet. Waiting for the ATP is really holding up our progress. When I ring them they seem unable to give me a timescale as it's now well over the 4 working days. I understand they may be very busy at the moment with…
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The lower APRC the better?
First
time buyer :) Still learning. See
attached screenshot (standard HSBC products), I was under impression to make a decision
based on APRC. Lower APRC means better borrowing rate and lower fees.My
question is how come monthly payment is lower on 2.7% APRC than 1.8%? Am I
missing something here? LTV 42%,
Term 8 Years,…
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Once you have received your mortgage offer, is the job of the Mortgage Broker done?
I am only asking as our broker was furloughed and has since informed us that she has taken up a job within a high street bank as there was too much uncertainty with her job. We received our offer in March, have exchanged contracts and will be completing on the 17th July. Other than the life insurance, which she would have…
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Releasing equity (rental property) to clear home mortgage - good / bad idea?
We have two properties - one we live in and one we rent out. Domestic property has £70k left on the mortgage Rental property has £85k mortgage on interest only. It is currently worth £155k. The tenant is long term and the rent covers the mortgage and annual running costs. We don't see any profit out of it in terms of cash…
