-
Strange Inheritance
Due to some odd circumstances my husband has ended up inheriting half of his brothers house, which his brother still lives in. It’s been nearly 4 years now and whilst my brother in law and my husband have agreed they must talk, we continue to pay a £1000 mortgage whilst the brother lives rent-free and mortgage free. Before…
-
Remortgaging with Help To Buy Loan
Hi everyone, just looking for some advice please. We bought our house in April 2019 using the 20% help to buy loan. Fixed rate mortgage is up in Nov 2020. I believe we could remortgage and pay off the loan but my question is should we do this now (less than 2 years into the HTB) or wait until the 5 years is up? Thank you!…
-
HSBC have pulled 90 LTV mortgages for FTB
I see from today HSBC are no longer accepting 90 ltv mortgage applications from first time buyers. They say on their website that its due to very high demand so hopefully it will be temporary while they work through the backlog. I currently have an application in with them and believe they will still process it!..... I…
-
lump sum mortgage overpayment
Does it make any difference (worth it) if I make a small amount overpayment? I still have about £65 K left on my mortgage, I'm planning to make a one off £1500 lump sum overpayment. I'm on fixed rate. Apart from making my mortgage and interest rate (possible) less, I don't think it'll reduce my monthly payment? Thanks. San
-
Mortgage or Remortgage?
Hi, Looking for some advice please, I own my own home but I’ve never had a mortgage. I’d like to borrow against it for home improvements (new bathroom, roof repairs etc) but not sure if it would need to be a mortgage or remortgage?
-
Proof of address?
Hello, straight to the point - me and my partner have applied for a mortgage with Nationwide in July( about 18th of July) and we struggle to provide sufficient ( in the eyes of Nationwide) document to prove our address. None of us has the driving license, we don't pay the bills as we are basically lodgers, we rent a room,…
-
Remortgage owned home for potential second property/Buy to let.
Good morning, I've trawled the forum and various websites trying to find an answer to my potentially niche question without luck. I'm wondering if anyone can help or offer sources that may be able to assist with the following. We have just paid the final payment on our mortgage and so now own our home outright. As we live…
-
Getting a mortgage while working long notice period
I've handed in my notice at work, which is a year long notice period. My last day is 21 June 2021. My husband and I are looking to buy our first house in the next few months. Do I need to tell mortgage providers that I've handed in my notice at work? I'm probably going to have a salary decrease when I start a new job next…
-
Buying over the odds mid-fix!!
My current fix is coming to an end in November. We owe 122K and TSB value our place at 220K. So sub 60% LTV, good rates, and they go on their prediction. No drive-by or survey required. We have a seen a house that is 250K but we plan on offering 280K. We're in Scotland, so the home report valuation drives LTV and we are…
-
YTD and Monthly Earnings Disparity
Hi, I’m currently on furlough having worked part-time last year. I’m hoping to return to work on full-time hours next month. I’m also hopeful that the pay rise I agreed with my employer before the pandemic will go ahead. Obviously my furlough pay is based on the previous 12 months’ earnings, so is based on my part time…
-
Paying off current mortgage before house move
My wife and I are planning to move home in the near future - as soon as we find somewhere having already accepted an offer on our current home. Before that happens, our mortgage fix comes to an end on October 31st and, given we've been saving to move, we're in a position to pay if off. But, might not having an active…
-
Will Buy-to-Let portage holidays affect my main mortgage application?
Hi everyone. Looking to make an application with Halifax as we're moving house. However, the issue is, I have two BTL mortgages with the Halifax and I took a double mortgage payment holiday on both mortgages due to financial issues with the tenants. Now I'm concerned that these holidays will impact my application if I…
-
Nationwide early repayment charge
Hi.I am going to put my place on the market (not buying another, so porting not an option). I am 3 years into a 5 year fix with nationwide so I need to pay an early repayment charge. The online calculator asks for the remaining mortgage amount but says disregard any overpayments since last balance statement. Now, I have…
-
Joint mortgage help!!
I split with my boyfriend who I share a house and 2 kids with, he stopped paying 9 months ago and I’m trying to buy him out but if I can’t get a big enough mortgage to do so is their any option to freeze the equity on the house so he doesn’t end up getting more of the equity as I want to make home improvements and extend…
-
Mortgage approval with a credit balance? Success stories?
Hi, I'm just looking for anyone's experiences of getting a mortgage approval despite having a credit balance. I'm currently awaiting approval from Halifax to purchase a new build I've reserved. Myself and my partner are FTBs but the application is in my name only due to poor credit on his part, so the application is based…
-
retirement interest only mortgage - any accepting pension credit??
Working through the list of places that offer retirement interest only mortgage is a slow process (esp. During covid). Has anyone found one that accepts pension credit as a source of income? Or, does anyone know why they don't? e.g hanley economic recently changed rules to stop allowing it. Many thanks
-
Advice Re: Paying Off Mortgage Please
Our house is on the market and we currently have a small mortgage (it has no early repayment charges), when we sell and buy our next house it will be for cash (yippee). We are considering paying off our mortgage now to save the lawyer charging us to do it when the house is sold and it may even speed the selling processing…
-
NatWest Timeline
Hi Guys, im guessing when you start asking a million questions it’s a sign of impatience or stress? Bit of both here. How long has the valuation been taking with NatWest? (Im in Essex) How long has the application sat on the underwriter stage? how long has the from full application to hearing from underwriter to Offer. We…
-
Second Mortgage Extention Halifax
We are with Halifax. Our mortgage has been automatically extended by the lender for three months (July-September). Since our house wont be completed until November we called our broker today to see if we can get another extension. He said that Halifax will “refresh” our application, meaning we don’t need to reapply but we…
-
Should i overpay on my mortgage or save to pay a lump sum on HTB loan?
Hello Everyone, Looking for a bit of advice if possible. I have a mortgage with a help to buy loan. I am in a position to either make over payments on my mortgage or save up this money to pay off a lump sum of the HTB loan at the end of the 5 years and remortgage for the remainder. Im just not sure which is more…
