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Mortgage overpayment help needed
Hello, My partner and I are in the lucky position of looking to overpay on our mortgage. At present, we have a repayment mortgage with just roughly 131k left to pay. I contacted our mortgage company who advised that we can pay back £13,800 before our anniversary at the end of March this year. The calculations would then be…
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Mortgage application is taking so long....
Me and my partner are first time buyers.....we applied for our mortgage with Accord on October 26th. Since then all we have had is waiting around and only getting updates when I have called/emailed. We are with L&C and from reading a few posts I am aware that this was probably a mistake as they are slow/not good with…
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Several doubts about Help To Buy Equity Loan
Hello, I've read the guide about the HTB EL, but I'm under the impression that either I haven't understood completely how it works or it seems to be impossible to know for certain how much I would end up paying, with a wide variability range. Assuming a purchase of 400k with 50% lent by the bank, 40% by the HTB and 10%…
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Why are Metrobank's mortgage rates so high?!
So, I took out a five year fix with Metrobank at 2.44%. This is due to expire in May this year so I was looking at the rates I can get if I switch rates and stay with them for another fixed term. Looks like 2.59% is the best I'll be able to get. Seems mad considering that I took out the 5 year fix before the referendum ie…
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Short Term Mortgage
We've got a 5 year fixed coming to an end in April and starting to think about remortgaging. We're also going to be able to chop off most of the remaining capital with savings etc but still have £30k or so to pay. Understand that the shortest mortgage term is likely to be 5 years, and with a 2 year fix I reckon we could…
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45% LTV Mortgage
My 2 year 1.55% fixed rate ends on the 30th April with the Bank Of Ireland, although it says I can switch from the 1st January. I called Bank Of Ireland earlier and their best rate at the moment is 2.87% which is a big jump. I'm now looking around for other deals and welcome any advice. Ideally want a longer term fixed…
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Equity release
Hello all. My mother in law took out equity release about 20 years ago. She now has dementia and we don’t know who the provider was. Does anyone know how we can find out who she took out this arrangement with. Any signposting would be helpful. Many Thanks.
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Selling house - mortgage advice (early repayment charge)
Hello, My partner and I have recently reserved a new build property and put our flat on the market. We accepted an offer at the start of December and it’s in the hands of the solicitors now. We have approximately £91,000 outstanding balance on the mortgage. We took a 2 year fixed rate in June 2019 and will be concluding…
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Porting mortgage and partners LISA Scotland
Hi there I wonder if you can help. I own a property and I am 1.5 years into a 5 year fixed rate. The mortgage is portable. My partner and I are looking to buy together. We’ve found a property and know he can buy into my ported mortgage. What we don’t know is can he use his LISA and still get the benefit? He is a first time…
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Remortgaging following redundancy and starting new contract
Hello and thanks in advance for any advice My current fixed rate mortgage deal comes to an end at the end of January. I am currently paying £905 and it will go up to £1,095 on the SVR. I have not missed any payments and my credit history is excellent. This jump will stretch my budget and I am hoping there is a way to avoid…
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Mortgage Special Conditions
Hi, I recently received an offer from Leeds BS which states a special condition of “This Offer of Advance is made subject to all debts declared as being repaid by the Applicant(s) within their mortgage application, being settled in full on or prior to completion.” We never told our broker that debts would be repaid in full…
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80% ltv mortgage with mortgage defaults over 12 months old
Are there mortgage lenders out there that will lend with secured defaults over 12 months old with 20% deposit?
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Let to buy mortgages with high debt to income ratio
I want to remortgage and let my home out so that I can buy a new house with my husband. I have an Experian credit score of 998 excellent. No late / missed payments ever. Due to redundancy 2 years ago I now earn a lot less, so my debt to income ratio is high due to a car I have on finance, even though I can easily afford…
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Advice on Mortgage and would like to sell and move house - Need urgent guidance
Hi There Current situation - joint salary 63k, approx. 30k equity in the house, x1 loan for car -£160.00 per month, x1 CCJ (see below) repayment plan -£75 we are left with approx. 2.6k each month disposable income Credit score = Wife average (no CCJs or defaults) mine = fair ( 2 defaults 5 years ago and 2 CCJ's (x1 settled…
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Making two houses one
Hi We have two houses next door to each other one paid for worth 195k one worth about the same with 70k outstanding on mortgage we want to knock through mortgage company,halifax ,say we cannot any ideas on how to approach this quandary appreciated Ashley
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How much can I borrow and how to find a broker
Hello all, I have been reading through the threads on here and wow, what a wealth of information and lots of my questions have been answered. I have been looking into mortgages my self for some time and, quite frankly, am now going round in circles. My wife and I are looking to buy a house soon. It is not what we would…
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Thoughts on Bank of England Base Rate this year....
How long will it remains as low as 0.1%
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Should I remortgage?
I had a previous mortgage on another property where I let the fixed rate end and I ended up paying less when it lapsed onto the banks variable rate? My fixed rate finishes at the end of January, I have a mortgage with halifax on a house now which is for 23 years and 1 month with interest of 1.88%. So the interest rates are…
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BTL mortgage
I'm enquiring on behalf of my sibling who has never bought a house before. She's looking to buy a property to let. Can you please tell me, how does this differ from a residential mortgage? Also what costs should be considered? ie. surveying solicitors. Are the interest rates considerably higher than a residential mortgage?…
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Scottish widows professional mortgage with offset, or something else?
Our fixed rate ends 31st Mar 21 and unless a deal like Atom bank 5 year fix no fee at 1.34% reappears I'm interested in a Scottish widows professional mortgage with offset. I see they offer a 5yr fix 1.40% no fee with offset. Our current mortgage is with NatWest and we applied direct (tried a local independent broker first…
