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Non Cas mortgage advisor
Hi, I recently completed my Cemap training, and while I have no market experience, I do have a client base and a clear route to market strategy. What would be the best way for me to make my first steps in the advising world? are there any networks or clubs who are known to be better for new non cas advisors?
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Mortgage Redemption Question
Hi all, I’ve confused myself over a mortgage redemption statement. We will redeem the mortgage on 22nd January. I’m after some help. Received a redemption statement on December 30th from NatWest. Redemption amount is £301976.23 if paid on 22/01/21. It states that it does not include any payment I am due to make between…
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Anybody applied for a new mortgage after taking a payment holiday on current mortgage?
So here's our situation... In the process of buying a bigger house outside the city as our small one bed flat in London is proving difficult as a home working space! Last year we took a 3 month payment holiday from August to October on our current mortgage as my wife's hours were reduced at work and there was a risk of…
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If I overpay up to the 10% annual limit, do I HAVE to reduce monthly payments or else fees?
Hi all, I have a mortgage with Halifax. Earlier this week I made a lump-sum overpayment of 10% which was allowed without any Early Repayment Charges. However, a messaging agent is now telling me that I HAVE to reduce my normal monthly payment amounts otherwise I may get charged fees for overpaying?As I understand it, when…
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Santander and Mortgages for people with Payday loans
Been with Santander for 10 years and never missed a payment other than having a 4 month mortgage holiday last year because I was furloughed. Just in the process of going for a house, passed stages one and two, had a credit check done and passed no probs as my credit score is excellent on all 3 major credit agencies. My…
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Repayment and Early Settlement Fees
I recently redeemed a mortgage with my lender following the sale of the property. The terms of the mortgage were that an early repayment charge would apply whilst in the fixed rate period (fixed rate was not due to expire for another 2 years). Another term of the mortgage said that 10% of the capital could be repaid each…
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Does this sound like a potential mortgage scam attempt?
I've had a bit of an issue with my mortgage lender whilst trying to remortgage. They've made a proper mess of it and transferred the money into my account instead of paying the old mortgage off with it. For some reason they've processed it as a home owner loan rather than a remortgage. I've had a call again from them today…
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Getting a mortgage whilst being paid by an overseas employer.
I have just been employed by an overseas company. I am based in the UK and will be paying UK taxes etc. My employer doesn't want the hassle of registering for PAYE as I am their only UK employee and has suggested that i am paid via an Umbrella company so that all tax and NI is paid correctly. However my mortgage broker has…
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Mortgage product IR dropped since getting offer
With Platform mortgages, we recieved our mortgage offer at the start of December. As we aren't moving until February, solicitor advised to have the Christmas break and meet up in January to sign the paperwork. Now we're in Lockdown again so made it more complicated. Been looking on the market just to be nosey, the same…
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mortgage application in progress and just got a notice about furlough
Hi, as my fixed rate term in coming to and end , i have applied to switch the lender , as i am getting a better interest rate ....I have submitted all the payslips and other documents ..and the application is filed ...but today i got a notice that i might be furloughed for a month because of a delay in incoming work.....my…
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Management pack from service charge company.
Anyone else had any experience of a real long wait for this? We are buying a leasehold flat, the ground rent (pier) and service charge (mainstay) are ran by different companies. We had the management pack back from the ground rent company in October but are still waiting for it from the service charge company. Our mortgage…
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Will mortgage payment holidays beyond having 6 months return?
Or will it be same as
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Furlough after Mortgage Offer
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Want to buy my first flat, but might move overseas after a year
I'm prevaricating about taking my first plunge into the housing market as a first time buyer, and grateful for some advice. I hope this is the right sub-forum as the main potential complications are (as far as I can tell) mortgage-related, although I guess it's also from a broader financial planning perspective. The short…
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Are there any disadvantages to paying off my mortgage?
I have unfortunately found myself in the position where it is possible for me to pay off my mortgage. It is a 5yr fixed rate mortgage at 1.75% interest, from October 2017, due to finish October 2022. Current balance is £124k Payments are £670/month of which about £200 is interest, the rest capital. Repayment penalty is 3%…
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Taking wife off residential mortgage to avoid 2nd home stamp duty
Hi all, So me and my wife have a joint mortgage on the home we live in. I have a BTL on a second property. We are interested in getting another BTL to avoid paying stamp we were thinking removing my wife off the residential mortgage so she can buy the new property under her name. What are the pros and cons for thr above.
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Partner moving into my recently owned house
Looking for some advice! I recently bought my first home 2 months ago, and paid a 20K deposit, 2K in legal fees etc. and 2K to furnish it (sofas, bed, mattress, wardrobes etc.!). We have now decided that my boyfriend who currently lives with his parents will move in next month which we are both excited about, and we are…
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Mortgage for house in north London
Hi mortgage people, I am looking to buy a house in North London with 20% deposit, is it enough in today's market? I hear we need very high depopsit because house price in London is going down? House price is 720 and our total salary income is 168 before tax. I sent an enquiry to LandC but they do not reply yet. We have…
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Commercial Mortgages
which banks can you go direct too as regarding a commercial mortgage ? Or do you always have to use a broker ? ive noticed the brokers usually charge around £995.00 for finding you a mortgage .Its for my beauty salon I have rented and now i have the chance to buy it . Can you go direct to the banks or do you need a broker…
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Forced to make higher payments
We have been Santander mortgage customers for 9 years and not in arrears. We pay £1840 per month and sold our house before Christmas, had an offer by Santander accepted, for it to then be rejected unbeknown to us. We wanted to downsize considerably to a smaller home which meant our mortgage payments come down £620 per…
