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First time buyers, DMP & low deposit
Looking for a little advice/guidance if anyone can help. Myself and my wife have been renting for just over 11 years, since we were 18 & 17. As we were young, we made some not so sensible decisions and took out loans for our wedding and payday loans when we were short of cash. Almost 5 years ago we decided we were getting…
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Nationwide - Green Additional Borrowing Mortgage
Quick question please: We have an existing fixed term mortgage with Nationwide that is due to expire in December 2020. We are looking at taking out some additional borrowing through their Green Mortgage to replace old windows etc. If we were to re-mortgage in December to another provider, do we have to move both Nationwide…
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RIO to move to a more expensive house
I wonder if someone with a good knowledge of this area can give some thoughts please. As background - late 60's, mortgate free property, healthy income, limited savings. I wish to move from a reasonably cheap area to a fairly expensive area. To be near children etc etc. An extra 50K plus 15K moving expenses would do it. Is…
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Natwest or Halifax???
Hi all Hubby and I prepping to put our house on the market - We have around £180-190k equity in the house at the moment according to estate agent valuation. We have a DIP from Halifax already which suggested we could borrow enough to finance a maximum house price of £450k. Combined income is £119k without bonuses as they…
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Shared Ownership mortgage?
DD wants to buy after renting, she has £10k in savings and the house she would like is £150k, she can get 50% ownership or maybe more but now needs to get a mortgage in principal for £75k or £90k. Halifax said no as she does not have 15% deposit! What would you recommend?
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HALIFAX MORTGAGE HOLIDAY
I asked Halifax if they were extending their 3 months mortgage payment holiday, after the first round, and they said they were not offering any further mortgage holidays, and if you have payment difficulties, to ring them to discuss other options. I was hoping that they would be more flexible.
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Tradings affect on mortgage
I am looking to port my mortgage to a bigger house. I've done quiet a lot of trading recently and made good money but last month I lost 3k. Would this affect my porting mortgage application?
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Switching mortgage deal after applying
Is it possible to switch to a different deal with the same lender after application? I don't want to start the whole process all over again. I originally applied for a two year fixed rate, but now feel that maybe a five year fix would be a better option.Thanks
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Mortgage Application Anxiety- Please help reassure me!
Got AIP approved and now in for full application! So nervous. Does anyone know the % of AIP that go on to have full application approved?? We are using a broker
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Land Registry Transfer of Part
I’m just after some advice on the processing time of a transfer of part with the Land Registry. Our form was sent a few weeks ago and we’ve had a letter to say that the application was received and is being worked on as of the 27th May however there is no guidance on timescales. I’m just wondering with the current covid…
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Gift from EU parents for deposit
I'm a first-time buyer looking to increase my 10% deposit by an extra 5%, using a gift from my parents who are EU citizens/residents. I'm still in the early process of online browsing for properties and mortgages, but would like to know what the best way forward is. * Should my parents transfer the money to my UK account,…
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Remortgage a rented house
Hi there I currently rent out my house which I lived in for years, however the mortgage is still standard ie not buy to let I rent now, but am looking at buying a house for me, and would need to use some equity in the original house However, there wouldnt be enough to do this if I converted to a buy to let I rang for a…
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Nationwide mortgage switch - overpayment reserve
Hi, We are now able to switch our deal with Nationwide and decided to stay with them. We’ve built up an overpayment reserve over the last two years but when I go through the online application to switch I’m not clear what happens with this. Looking through the Nationwide website and reading the offer I’m not any wiser…
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Remortgaged away but DD still taken
Hi All My fixed period deal with Halifax came to an end, and I remortgaged with First Direct. This completed last Tuesday (26th), and we received a completion statement from the conveyancer for First Direct showing no balance owing. First Direct contacted me asking me to arrange a Standing Order to themselves, which I have…
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I'm not a first time buyer but I do not own a home, how do I get back on the ladder?
I've noticed first time buyers can get away with 5-10% deposit but this isn't accessible to me as I've previously owned a home back in 2010. I'm currently renting and looking to buy but I can't find a mortgage deal for none first time buyers that's affordable, they all seem to demand 20% minimum deposit and 60% LTV. Is…
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Getting a second mortgage?
My current situation. I have 50% of my mortgage paid off and was thinking of taking out a loan for £25k to do some house renovations. Now a lovely street both location and size of property a house has become available. The person wasnts to downsize and are not in a chain. Now my wife is getting back to work after our…
