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Mortgage overpayment calculator that calculates increasing overpayments over time
Hello The tool I am looking for may not be out there. However if it is I would love to be pointed in its direction...I was after a tool / spreadsheet that calculates the benefits of paying an increasing overpayment amount. So for example the MSE tool can calculate if I regularly overpay a fixed amount for a period. However…
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Remortgage damp issue
Hi! So hoping to raise some cash on a little rental I own outright, the survey picked up on a damp issue that I was aware of. Whilst my property has a full damp course the damp itself is creeping through in one corner via the neighbours house. The owner of the neighbouring property also owns the letting agents I use for my…
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Switching brokers in the 'middle' of a 9-month long application
Deleted as the issue has been resolved. Thank you!
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Lloyds TSB mortgage timescale
Hi, Just wondering if anyone has recent experience of applying through Lloyds? Our buyers have apparently had to change mortgage lenders (Can’t find out the reason why) and have now re applied through Lloyds so I’m wondering how long they (and us) may have to wait for a mortgage offer. And hoping whatever the reason they…
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Struggling to find a mortgage as a single person
So a bit of background info I am 27, living at home with my parents, currently earn £30,750 a year, have £34,000 in savings - £20K is in a general savings account and the remaining £14K is in a Help to Buy ISA. I have very few outgoings. I pay a £200 direct debit into my Help to Buy ISA, £200 direct debit to my parents as…
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Will we get approved by Aldemore?
So we’ve had an offer accepted on a property however two high street banks have declined us due to my partners bad credit record. He’s had a few missed payments this year so our mortgage advisor is trying Aldemore. I’ve been researching and read that one of their requirements is no missed payments in the last 3 months and…
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Buyer applying for a mortgage at the last minute.
Has anyone come across this? We had a buyer for ours and found somewhere to go all no issues with searches and mortgages. Then the first buyer in the chain i.e. for the property below ours, decides at the last minute to apply for a mortgage after offering to buy for cash after going quiet for 2 weeks, the valuation has…
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Will we get approved by Aldemore?
We have had an offer accepted on a property however two high street banks have declined us due to my partners bad credit record. He’s had a few missed payments this year so our mortgage advisor is trying Aldemore. I’ve been researching and read that one of their requirements is no missed payments in the last 3 months and…
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Can't make a profit when renting via Barclays permission to let?
I can't sell my shared ownership flat at the moment because cladding fire safety investigations mean it is technically worth zero until remedial works are carried out, but I have had a baby and moved in with my partner. I want to rent my flat out but am not eligible for a buy to let mortgage as I own 70% of the property…
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Amending mortgage after renegotiating price
It turns out some work is required on the house I’m purchasing. If we agree on a new lower sale price, do I have a to go through the full mortgage application process again? I intend to use the same deposit but the price of the house will be lower. How much hassle is it at this stage?
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Nwest mortgage offer in, HTB equity loan missed cut off, guarantor mort to bridge the gap needed.
I'll try and make the back ground to this as condensed as I can; I early bird reserved my dream plot in June 2019 (persimmon, I know a lot of negative reports about Persimmon developer, but the situation of the plot was perfect, right by the sea in our home town), also put my current house up for sale. Persimmon plot…
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Melton Mowbray BS timeline 2020
Hello, I’m looking at Melton Mowbray BS’s fixed 2 yr product as it’s the lowest rate I can find for our 78% LTV. The next best seem to be Halifax at 2.9% so it’s a massive difference. im told their current timelines are pretty bad and can’t guarantee to be done before the stamp duty holiday ends! Whereas Halifax are…
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Platform porting mortgage timescale
Platform mortgages advising 10-12 weeks for porting a mortgage. Anyone had a recent mortgage offer from them which would confirm this timescale?
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Remortgage after major home improvements
Hi, we bought a small house in 2018, but always had the intention of adding an extension to the side of the house to make it suit.Two years later we contacted our mortgage company, trying to seek funding for the extension. We were told funding would not be available until the house extension was complete. So in May 2020 we…
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Mortgage over payment before or after?
Hi. Our current mortgage allows a 10% overpayment each year, we started a new mortgage a few months ago but want to pay the 10% lump sum. Is it better to do it now or wait until near the end of the first 12 months. My thinking is that if we pay it now that our interest repayment would be lower? Is that right. Your thoughts…
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Trying to buy the house next door, need mortgage advice
Trying to buy the house next door. Was originally one property split in 2 late 1980s, opportunity to buy the other half, we are currently mortgage free but will need a small mortgage to buy it. Which lenders and which type of mortgage?? Some seem reluctant to lend on house next door?? Help please TIA x
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Age limit for HTB mortgage
Hello, this time last year while looking at standard 95% LTV mortgages I was told by a mortgage advisor I could have a mortgage term taking me to age 68. I later looked at HTB and went as far as a reservation, no issues with the mortgage but I was told by the HelpToBuy Agent my deposit needed to be greater than the 5%…
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How long to wait before seeing a broker
I've got a fairly substantial personal loan which I'm about to pay off in a lump sum. Current monthly payment on that loan is over £300 so that will obviously have an impact on affordability when trying to get a new mortgage for a house move. How long am I best waiting after its paid before seeing a broker for it not to…
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Mortgage retention question
Hi all, Last week we were told that a retention had been placed on our mortgage offer of 10k. Our original offer is 180k at 90 LTV. Our broker said the options provided were to obtain the information requested by the valuer to remove the retention (and a list of some of the things found), proceed with the retention as a…
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Mortgage overpayment vs pay-off car PCP
I can’t see that this has been answered elsewhere, at least not explained in a way which makes sense to me, but sorry if it has been. I also appreciate that this is a nice problem to have at the moment. I essentially have around £10k which has become available with various regular savings etc., accounts maturing. With the…
