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mortgage amortization calculator
Does anyone have a detailed/customizable mortgage amortization calculator - where I can input current balance and remaining term, fixed deal and planned overpayments? I'd like to calculate the remaining balance in April 2023 when the current fixed deal ends. Thanks.
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Mortgage ID
I am at the last stages of applying for my first mortgage but they have asked for photo ID. Due to the current situation both my passport and driving licence are being renewed. Have been told passport could take 3 months, can’t get any response from DVLA. Can anyone suggest what I can do as I could lose my house and…
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Trapped In Negative Equity and Homebuy Direct Scheme
Hi, Myself and my Wife purchased a new build 2 bed apartment in March 2010 for £109,950 when we were 19 & 20 years of age. We had our first child 2 years ago and have just found out we will be expecting our second in Feb of next year. We are now in a bit of a panic of how we are going to manage when the second child is…
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Estate management charge/service charge in new build
We are purchasing a new build. Valuation has been carried out but property came back as "unsuitable security" because it has something called an "estate management charge" attached to it which means that once we purchase the property, we will be paying fees to the site ongoing. The mortgage lender are not happy with this…
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Buying second property and moving in
Hi, We are looking to up size and buy a second house. We would like to keep our current house and rent it out. My questions is: Usually if you're looking to buy the house you're going to live in you can put less money down as a deposit. If the house is a BTL you need to put down 20%+. Would this increased deposit size…
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Getting a mortgage with low income
I am looking to buy a property and have the cash to buy it outright. However, it is my belief is that I would be better to take out a mortgage and keep some cash aside. Given the paltry mortgage rates, it is something I'd rather take the chance that I could invest the cash over time and outstrip the mortgage. But I…
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Whether to disclose furlough or not?
We got our mortgage offer approved in the middle of March. However since lockdown I have been on furlough and have only just returned to work - my partner has worked throughout. I know I am supposed to disclose this, but the lender has taken such a long time to respond historically (we wasted 6 weeks waiting from them to…
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CIS?
Hi guys, is Halifax the only provider that takes CIS on gross pay? Struggling to find another? Thank you x
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Mentioning soon-to-be-paid-off debt on Agreements in Principle?
Hi there. I am planning to buy my first home later in the year and am looking at an Agreement In Principle before the search begins. I am currently in the process of paying off approximately £10,000 credit card debt at a rate of £2,000 per month. My credit rating is still 900+ because my total credit card line is just over…
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Mortgage for a full time mature Student
I'm hoping to get a mortgage, but I will be a full time student with a part time job. My husband has a full time job and we'll have a ten percent deposit. Is it possible to get one while I'm a student or would we have to wait until I'm finished studying. Thanks
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Credit File, DIP?
Morning!! Here I am again 🙈. So I’m awaiting the removal of a falsely recorded late CC payment from my account. Apparently it can take up to 90 days! Will I have to wait till then to get a DIP? As this will come up? It was only last month they falsely recorded it?? thanks! Have a good day x
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Buy-to-let mortgage to rent to parents
Hello there. I was wondering if anyone had any advice. The situation is a bit complicated so I will try to present it as concisely as possible. My parents took out a SAM (shared appreciation mortgage) in the late 90s and are now in the position where they need to downsize but can't afford to. The house has tripled in value…
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Halifax Valuation Today
When am I likely to hear back? Been waiting months for this and so much relies on it! Got the valuation today, not using a broker so should I wait to hear from them or call and ask how it went?
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career change - mortgage broker?
Hi I am 41 and was looking to change my career to a mortgage broker. Is it too late to start? I am looking to do a Cemap course first and then do a full time job and see how it goes and then maybe go self employed. But its a late career move so just wanted to be sure.
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Repay Help To Buy
Hi, we are approaching the end of our 5 year fixed mortgage and also our 5 year interest free period on our HTB loan. I'm interested to know how the valuation element of the process works - do you get 2 valuations? I.e. one to settle your loan, and then one for the mortgage lender to remortgage? I'm keen to understand what…
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What fixed rate term to go for?
My remortgage is overdue and now looking into new deals. Given low rates just now, is it sensible to fix a slightly higher rate for longer? Just looking at options with my own bank, I can get a 2 yr fix at 1.12% or a 5 yr fix at 1.34%. Given my lack of understanding of how interest rates might be affected in the next few…
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Tsb 10yr fixed (porting)
Evening all, We are coming to the end of our current mortgage. We owe 70k on a 100k house so we are eligible for the 2.29% which we are thinking of doing. Coupe of questions in unsure about, hopefully somebody can help. 1) let's say we move house within this 10yr period and find a house for 250k, I know the mortgage is…
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Shared ownership - home improvements
Hello Please move my post if I'm in the wrong place. Does anybody know how we as shared ownership owners can release the equity in our share to do home improvements? Our lender is saying that we can't do this, despite being in positive equity (house has significantly increased in value) because they don't allow additional…
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Remortgaging... how often do lenders change rates
Hi All First remortgage coming up next month, with Halifax. Just had a look at their current rates... it says valid from 1st June.Do lenders (in particular Halifax) change their rates regularly. I.e. 1st of every month? Or does it change less frequently, like every quarter?
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Mortgage offer extension
We had our offer accepted on a property mid January, it's a probate property and originally we were told it would take about 12 weeks. Mortgage offer end of January, since then it's dragged on as they are waiting for HMRC which is being slower than usual due to COVID. Our mortgage offer expires end of July and the broker…
