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Mortgages & endowments
Archives for January 2021
Discussion List
Mortgage paid off this year. Any extra costs to pay?
My mortgage will be paid off in a couple of months. Are there any other costs I have to pay at the end of the mortgage? I am in Scotland. Thanks.
Am I ready for completion?
Hi everyone, I've asked several questions and used this board for loads of mortgage advice since starting the process in August, and now I find myself only a month away from completion (wish waiting on the offer had gone that fast!) As a FTB I just wanted some final advice on whether I'm good to go or if theres still some…
90% Mortgage with IVA and Historic Mortgage Defaults
Hello Any advice valued please. My husbands IVA is six years old this month. It was settled 3 years ago in March. His ex wife and her husband failed the pay the mortgage in my husbands name over a 5 month rolling period. The property was sold November 2019 and settled in full. My husband is left with 2 defaults (14 months…
Product transfer possibility for dad nearing end of term and retirement?
Hi all - I wondered if anyone would advise on this as currently unsure what would be best for my dad. He and my mum took out a repayment residential mortgage on a now 5-bed south London ex-council house in 2006 which is nearing the end of its term. Mum passed away in 2012 and he has been paying the mortgage solo since, but…
Porting mortgage - how it works
I am 2 years in to a 5 year fixed rate with Yorkshire Building Society. Rate is 2.49%. I am looking to sell my apartment and buy a house nearer to my home town. I am able to port the mortgage, but am a bit unsure of how it works Currently owe £155k to YBS Hoping to sell flat for £195k I have seen some houses that I like…
Mortgage on a partly owned inherited property
To cut a long story short, we lost a family member at Easter 2020. Probate has gone through recently and there is a property involved (no outstanding mortgage) and I’m one of 4 people who has been left it in the will. It’s split 50/50 between two households, then split again if there’s any children (I’m on of the…
How many months of bank statements do mortgage applicants normally have to provide?
We are looking to buy a house at the end of 2021 or early 2022 and I was hoping invest some small amount of money each month but don't want this to show on my statements that will be looked at during my mortgage application. I am happy to put every spare penny into savings before we apply but wasn't sure whether it's best…
Extra monthly payment or Lump sum payment? Does it make a difference in interest saved?
Looking to overpay my new mortgage which starts next month. I can overpay upto 10% a year max (Natwest). Does overpaying as a Extra monthly payment instead of overpaying a Lump sum payment once a year make a difference on the Total amount of interest you could save and the Potential mortgage reduction?
Mortgage and Inheritence
Hi! Not sure if this is the right place so apologies in advance if not! My parents currently live in the north of England but are getting older and Covid has taught us that the distance isn’t easy (my sister and I are both in the South). They would like to relocate but would not have enough money to buy a property outright…
Fixed rate finishing up end of January but want to move
Hi, my fixed rate finishes end of January, I owe 79k and house is worth approx 215k. we are hoping to try and move next year but this will be dependent on jobs and also just how things progress with RE to economic climate etc. My guess is it would be towards summer time. we currently pay £395 a month with 21 years…
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