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Mortgages & endowments

Archives for January 2021

Exiting joint mortgage and mortgaging solo - advise on how to do this.
Hi All, i'm hoping someone can point me in the right direction with some advice please. I currently have a joint mortgage with my ex, who has now moved out so we are looking to settle up. Our house is valued at 400k and we have a 210k mortgage. I can't afford to pay her £95k equity and take on a £210k mortgage myself (i…
Holiday let mortgages
Anyone know of LOW rate mortgages for holiday lets? Cheapest I have found is 3.5%. Last year I found one at 3.19%. I’ve been told they have gone up due to economic factors such as Brexit, Covid etc. But surely there is cheaper than 3.5% somewhere? Thanks.
Mortgage / House Price Question
Hi, I'm new to mortgages and house prices and have a question... If house prices continue to increase i.e. average house price becomes £300k, will this make mortgages impossible because the price of house cannot be covered by earnings as they have risen so much and are out of line with earnings which havent increased -…
Are you fixing for 2 or 5 years....
Whats the general vibe?
Buying a Property Mid-Conversion
I'm buying a property, to be my home, which is in the process of being converted from a shop to a GFF. I've been trying to finalise my mortgage via a broker, but lenders would want to wait until the local council's signed off the property as residential before sending in their surveyor. Understandable I feel. The estate…
Default
Will there be a big difference if I apply for a mortgage 2 months before settled default drops of my file? Eg. Account defaulted July 15. Can I apply in May 2021 or better to wait till July 2021? Thanks
Age issues with mortgage
Hi we have the right to buy in place with the council my age is a issue with getting a decent mortgage rate My son is buying with me as hes 23 no issues can get good deals, put me in the mix at 65 it puts the rates up and length of mortgage question is once we have the mortgage in place ( its a two year fix ) can we…
A way to legitimise offers on purple bricks?
Hi, so I currently have an offer down for the asking price of a house. The owner decided to wait to see if they could get a higher offer due to lots of viewings, which was disappointing but non the less. After not having a response to the initial offer, the sellers stated a few days later that they had a higher cash offer…
Mortgage Advice Please! Consent to Let, Relocating for work
HiI am in the process of choosing a lender for my first property. HSBC & Accord are the best available.Work is international, it is likely I will move around in coming years. Best route if I need to move: apply for Consent to Let, if the move looks permanent - remortgage to BTL - at the right time I hear mixed views on CTL…
Bank of Ireland Mortgage with a 5 year old default paid off 1 year ago.
Currently looking to move house i have a offer on mine for 96k looks like im going to accept. Im currently in a fixed rate off i have about 1200 pound in ERC to pay. Has anyone been in my situation looking to port a mortgage with BOI. The default will be 6 years old in April 2022. Don't think i can wait that long to move…
Mortgage for 59 year old
Just looking for some advice really I’ve been living in rented accommodation for the last five years but looking for some peace of mind about the roof over my head (I I don’t want to live with the thought that I could be asked to move on in a few years time) There doesn’t seem to be any assured tenancies anywhere, I was…
Adverse mortgage
Myself and my partner are looking on buying a house shortly. We have accepted an offer for her house and together with savings will have a deposit of just over 30K. We are looking for a property for just under 300K so will have around 10% deposit (Mortgage amount of around 270K) The only snag in this is a defaulted mobile…
Buying a second home
Hello everyone, this is my first post (or at least that I can remember) so apologies if this is in the wrong forum! My husband and I are in the process of buying our first home however my mother has now expressed an interest in selling her property and buying somewhere for us all to live together as she currently lives on…
With Profits endowment terminology : "Total plan value" vs "Final Bonus"
In my Standard Life endowment statement I read : I think I can understand what "Current surrender value" means. Should I care how much of it is "Total plan value" and how much is "Final Bonus"? I assume it is important if they make it prominent on the statement ? I tried to…
First time buyer credit card question
Hi, Iv a question about a first time buyers application I was hoping someone could shed some light on, basically a couple of years ago now I was at my worst period of gambling, in this time I ended up using credit cards to deposit (stupid I know). However Iv been on gamstop for at least a year now, and paying off credit…
How likely to get a mortgage? complex situation
So basically we currently live in a council house - been here for many years. After clearing debts etc we have saved enough to buy our property with RTB we will be paying cash for our house (with a big discount). The plan would be to keep our current house and rent it & we are hoping to obtain a mortgage on a new home for…
Avoid remortgage due to change of circumstances
Hi ya - My remortgage is due in 2 months and I am in a dilemma to sell off my property and move to a new property. For this reason, I don't like to go for another 2 years of fixed rate mortgage with a lender and want to keep my options open. Is there an efficient way to do this so that I will have some time to decide…
Tsb
Anyone else waiting for mortgage
Has anyone been in a position where consent to let has expired....and the lender goes berserk...
Well maybe not berserk, but what options are you given and if it is to remortgage to BTL or sell etc, do they give you leeway in terms of time. HSBC (2 year consent to let)
Interest only mortgage
Hi, I wondered whether anyone could tell me if the claim for a mis-sold interest only mortgage (given that there was no advice given at all) is the responsibility of the broker (who is now bankrupt) or the lender? Obviously if the claim would be against the broker I don’t have much chance 🙂

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Mortgages & endowments

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