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Confused about 10% overpayment
Hello,I have a NatWest mortgage set up two years ago and would like to pay a lump sum off the mortgage. We have never made an overpayment on the mortgage before. The mortgage constract states: "you can make overpayments on this mortgage.You can overpay a maximum of 10% of your outstanding balance in each 12 months…
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Mortgage Deeds
Hi I have the original deeds to my house. I was sent them back in the late 1990’s by my mortgage lender at the time. I am now selling this property. My colleague have told me that I can’t have the original deeds as I have a mortgage on the property , but I do have them. Should I give them to the new owner .?
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Balance Transfer Before First Mortgage Application
Hi all, I have a balance of £3,000 on a Virgin Credit Card. The "0% interest on balance transfers for X months" offer I opted for when getting the card, is due to expire in March 2021 however, I'm looking to apply for a mortgage circa April 2021. Would it be damaging to our mortgage application to apply for a balance…
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When you remortgage to HSBC with additional borrowing
Do they open up two separate accounts, if the incoming mortgage has two accounts, or will they combine? If you remortgage to HSBC and want additional borrowing from them, do they open another account or do they just open one with the amount you want?
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Specialist Lenders - N.Ireland
Does anyone have a list of specialist lenders for adverse credit who currently operate in Northern Ireland? So far I can only seem to find information on Kensinston Mortgages who have recently launched in N.I that cater for the adverse history market.Just wondering are there any other providers? I know if so, they will…
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Mortgage in husband's name / adverse credit /DMP complete
Hi. We have just completed our DMP..as it began 7 year ago it no longer appears on my husbands credit file, all green on equifax etc however I only have one account where its been marked with 4 years of AP markers on my file. I'm challenging this to backdate a default but I don't hold out hope. I have 2 questions , Would…
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Best Adverse mortgage brokers
Can anyone point me in the right direction?
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HSBC Mortgage whilst on Furlough
Hi All, So had an application submitted via broker but then my partner was put on furlough which shows on her payslips, HSBC have come back stating that they need a letter from the employer with a return to work date and what her salary will be when she does return. Just wanted to see if anyone has had a similar experience…
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Mortgage retention
Hello, We bought a property in September and one of the conditions from the lender was that "All recommended works in the reports and quotes provided are to be completed within 6 months of completion. All certificates and guarantees are to be sent to the bank for storage with the title deeds." The retention amount was…
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Parents buy share of equity in my home advice needed?
If my parents were to help pay a chunk of mortgage what would be the best way for me to protect their investment, would it be to create a declaration of trust?
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Is it possible to borrow 5 X your income? or is it capped at 4.5?
Is it possible to borrow 5 X your income? or is it capped at 4.5? I want to move home in 18 months time... but the house I want will be just under the 5 times mark rather than 4.5. Any advice?
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Can I ask a really stupid question on mortgages please?
:-) OK here goes... If I get a mortgage for £200k , and with interest that's say £240k debt if its fixed, tied in for 2 years , then I get another deal, but pay in a lump of money to reduce it.. is my debt the £200k , or do I owe to the bank £240k debt? does that make sense ? ( obviously it would be minus payments for the…
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Mortgage after bad credit
Hi everyone, my first post on here so hopefully someone can help. Long story short: - I had a history of poor credit including one default (No longer on my file), payday loan usage and missed payments. - I’ve cleared Majority of my debt and now I’m over a year clear of missed payments etc. My score is now in the 900s (I…
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Bankruptcy Searches after Exchange
Hi all, I was looking for some advice if possible please. We have a mortgage offer with Halifax, we used a broker. We were made bankrupt in 2013 and so answered ‘no’ to the bankruptcy question in the application as it asks about bankruptcies ‘within six years’. I’m so, so nervous of the bankruptcy searches after exchange…
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Transfer of Equity & Remortgage
Hi all, Currently going through the transfer of equity process so I can be removed from the property I currently own with a friend. My friend is adding their partner to the property in place of me and I am buying my own place. My friend has had a remortgage offer with the new partner before xmas and we have both signed the…
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First time buyer, is now the right time?🤷🏼♂️
Hi all, we have nearly reached the goal for our deposit. Realistically we will probably be ready by April. But as first time buyers, is now a good time? I can see house prices have dropped slightly so in that respect it is good for us. But the amount of mortgages available have reduced as well. So I have a few questions if…
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New mortgage, but now a better deal is available
It is with a little reluctance I post my 2nd thread on here after receiving some rather rude and patronising responses from a certain admin person last time. So my 5 years fixed (7 years total in the current house) has just ended and my first payment has come out for my new 5 years fixed at 3.14% with Nationwide. I am…
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Mortgage Advice - Adverse History
Hi everyone - New here and looking some advice if possible. Due to some problems a few years back, I've a history of adverse credit with a total of 6 defaults showing on my credit file, all from around early 2017 with one in 2015. Over the past year and a half I've managed to get finances back on track, a good amount of…
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SDLT main residence query
I'm hoping someone can answer or point me towards relevant guidance for an SDLT question.My sister and her partner (unmarried couple) live in a house that is owned in my sister's sole name. Her partner owns a property that is let out for more than 5 years now but the tenant has given notice and will leave as soon as his…
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Two houses query
We have an unusual situation where we have mortgages on semi detached houses which are attached to each other, I.e. we own both. We want to knock a doorway through but are concerned about the affect it would have on our mortgages and future re valuations etc. Also how we would go about getting one mortgage for both as no…
