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Past credit problems
Hi I have past credit problems one of which was a mortgage where no payment was made for 4 years. Long story. I was eventually able to sell this house and cleared all the debt. That was over 3 years. I am debt free and applying for a mortgage. I have a substantial deposit of £105,500 on £230,000 house. I have a mortgage in…
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Dad Paying Mortgage
Hi, I'm not sure if this is the correct forum but here goes. My Dad is (unexpectedly) currently living with me in my house that I purchased last year. He has very generously offered to cover my mortgage and bills so i can build my savings back up. Im not sure how long this arrangement will last for, probably a year or two…
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When will 80% LTV become slightly more similar to 75% LTV rates
That seems to be the tipping point of when a rate moves from 1.5% to 2.5% in a flash!
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Worried about Halifax mortgage application (husband only)
I’m a student nurse so my husband is applying for a mortgage on his own. Were going through a broker and he has suggested Halifax (we bank with them). I’m just worried he won’t be accepted, we have a joint bank account and he has a car and a loan amounting to around £550 a month. Plus the forces help to buy for our deposit…
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Right to Buy mortgage and Help to Buy ISA
Hi, don't know if this is the right place to ask but can I use a Help to Buy ISA as deposit when purchasing a Right to Buy property. Checked around for answers but I'm drawing a blank. Any help would be appreciated. Thanks
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Adverse mortgage - should I should send letter of explanation
Hi all Has anyone got any experience of sending a letter of explanation with their application to explain their adverse credit blip? I have adverse from 2017/2018 due to bad relationship. I have seen people on here mention sending a letter of explanation as to why the adverse occurred etc. but wondering if it does actually…
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Reporting ex husband for mortgage fraud
My ex husband has a house solely in his name. Before we split up, my ex told me the house that he is renting out is under a residential mortgage. He has never lived in that house, nor has he any intention of living there. I am also pretty sure that he is not disclosing rental income so this comes under tax evasion I…
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New Mortgage product with same building society
On the first lockdown I had a 6 month corona virus mortgage holliday after that I moved my mortgage to a new product Does that mean I can get a new corona virus holliday on my new mortgage product unfortunately in my industry I have only worked 5 weeks since March any advice plesse
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Mortgage deposit held in shares
Hi, does anyone know if banks will accept the value of shares held for a deposit when looking at mortgages? Or does it need to be held in cash? Having made a 30% return on the stock market this year I now finally have enough for a 10% deposit on a house. I’ve got the majority of my share holding in BP which I would like to…
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Too old to be a first-time buyer?
Hi I wondered if anyone has experience of knowledge re this please. I'm looking to buy my first ever property next year so have no idea about mortgages other than reading Martin's guides on here. I will have likely just turned 50 when I do so. Firstly am i going to be too old? Is there any advice of which mortgages I…
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Product fee takes me into higher LTV band - Halifax
Good morning all, I am looking at retention deals with Halifax and currently sit at 74.9% LTV If choosing a product with a fee, will the fee be added to the loan amount to determine what rates are on offer? Or does the fee get added after the new product is chosen? The typical £1499 fee takes me back over 75%, so do I need…
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repay more than standard mortgage payment to reduce mortgage quicker?
I have suggested repaying into our mortgage account a little more each month so that the mortgage will clear sooner. However, because of very low interest rate (1.47%), is it worth doing so? I think it is given that the balance is circa £163k.
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£200k deposit for mortgage.
What would be the max property price affordable with a £200k deposit and £30k year salary, assuming £500-800 month mortgage repayments Thank you.
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How much would you stretch
Income around £70k, equity around £100k, 41 years old plan to retire at 65. No children, Single, no debt (apart fro existing mortgage) no expensive hobbies. what oils you advise my house budget should be?
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Valuation
I'm having my house valued tomorrow which I'm getting really nervous about. There is no mortgage but I am borrowing 30 from nationwide to buy the freehold. What can I expect from the valuation? Is there anything in particular they will want to look at or have access to? Like the gas abd electric meter? Just trying to get…
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The Mortgage Works declined
Hi, I have 2 buy to let mortgages and I applied for my third one. few months ago I got accepted and got the mortgage offer but the house was not in a good condition so I backed out. Currently I went for another house and apply with the same company with the same documentation but this time they declined my application even…
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Will SEISS Grant + Apply for morgate as that income
Hi i have had in total £11000 I’m the self employed grants while being off for covid. I am applying to remortgage my house in just my name in October due to not being Togeather with my partner anymore but my work earnings will be around 40k and the grant will add on 11k i know we get taxed on these grants but when I’m…
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Santander Deeds Safe service
Has anyone any contact details to enable the recovery of house deeds from Santander aka (Abbey National) as at present i have reached dead end in pursuit of any assistance from the organisation as the phone line disengages after holding on a consistent basis.
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Remortgage delays due to Covid
My mortgage product term is coming to an end on 31 January 2021. It has been 6 weeks since we (intermediary and I) sent documents to new lender. They are experiencing delays due to covid. So, the remortgage is not going to complete by 31 January. Could I go to my current lender and ask them to extend the end date of…
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In general, how do you decide whether to pay a product fee or go for a fee saver?
The majority are £999 for both 2 year and 5 year fixes, which I think for a 2 year, is expensive....but then a 5 year deal is a lonnnng time I am finding, the fee of 999 whether paid up front or added on, still works out as the cheaper option in terms of total cost over two years. Yet should I be looking at what the…
