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Paying off somebody else's mortgage
My parents have recently split up, and my grandfather has offered to pay off their mortgage in full after the ownership has been transferred solely to my mother. Is this allowed? If so, would he need to transfer the money to my mother for her to then pay off the mortgage and the bank, or would he be able to pay it off…
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How will the next generation buy?
This is a question I think about. We bought our house 4 years ago and it was a challenge then. Do you think the next generation need to come off Instagram and get into the real world? I have friends that want to buy a house but would rather finance a car when living with parents just to show on Instagram and Facebook etc?
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Early Redemption Advice Required Please
Hi I am trying to work out if its financially beneficial to pay off my mortgage now or when the early repayment charge expires on 30/09/21. Current redemption figure is £88176.54 (this includes £1723.82 ERC and £199.00 Mortgage exit fee) So current mortgage balance without the penalties is £86253.72 It is a repayment…
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Re mortgage
Our 2 year fixed rate mortgage with Halifax is up in April. Halifax are saying that if you switch deals like for like with no changes you can do it online quickly and easily, with no affordability checks or fees. I am currently on furlough and have been on and off since the beginning of the pandemic. In ideal circumstances…
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Stupidly took out a 5 year fix!
Hi, I stupidly took out a 5 year fix last year. I now see that the rates are much lower and I've got a bonus as well. How do I find out if it makes sense to remortgage and leave this contract? I will owe a penalty of around 3% and my interest rate is 3.99%. TIA.
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Joint mortgage - Different terms ??
My partner and I are looking to buy a house together using a joint mortgage.We are each putting down the same amount of deposit, however, as my partner earns considerably more, she would like to pay her half of the mortgage off in 10 years whereas i'm looking to spread my payments out over 15 years. I'd be grateful if…
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Santander Mortgage waiting for identity verification code to be sent
Hey was wondering if anyone can help? I heard back that my application has been approved by the underwriters, am I to presume this means they have said yes? Within the update, they have also said the below. Has anyone else been in the same situation as me? Next steps 1. Confirm your identity We've posted you a letter which…
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Nationwide Application Timescales
Just submitted application for additional borrowing. Didnt have a DIP as self employed so all get referred and just looked at upon full application. All documents ready and submitted too. Just wondering if anyone had an idea of time frames at the moment? Paying off help to buy so lots to tie together
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Mortgage after Payday Loans
Hi I'm just after some reassurance really but to give you some background , I have previously used payday loans most were settled in 2018/2019 however I have one that was settled in January 2020 none had any adverse against them. I'm looking to apply for a mortgage with my partner at the end of this year/beginning of next…
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Joint mortgage but one income
Me and my partner are looking to buy a house later this year but I don't currently have any income besides child tax credit as I look after our children full time and will do for the foreseeable future that won't be changing any time soon. We both have Lisa accounts which have small amounts of money in but with the tax…
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Mortgage overpayment, LISA or HtB repayment
Hi all, We are currently in negative equity and are looking at the best way to get out of it, and strategising our way towards a new home for a family. Details are: * Valuation £140,000 * HtB Scotland 20% ownership (SG repayment would be approx. £28,000) * LISA savings - £4k * Mortgage interest & repayment - 2.18% / £554…
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Applying for mortgage 200 miles away as partners possible?
Here's the situation, I live in Bristol, my partner lives in Liverpool. We earn £80k between us and we are first time buyers with both good credit scores and no debt (apart from student loans) ideally looking for around a 300k mortgage with an additional 50k deposit to put down. However the house we are looking at will be…
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Time to remortgage - fixed or tracker
My 2 year deal (95% LTV, 2.99%) is coming to an end in 3 months. The lender is offering several options, the only ones worth considering are: 2 year fixed at 2.69% with £999 product fee - total cost over 2 years £23,311, remaining balance after 2 years £223,615 2 year tracker at 2.69% + BoE base rate (so 2.79% currently…
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Mis sold mortgage
Just wondered whether anyone help with the situation we are in, basically we agreed a mortgage through a broker for 12year term at £1500pm . Unbeknown to us the lender informed the broker that they were only prepared to accept it on a 9year term at £2000 pm. The broker never informed us until the mortgage was completed,…
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Mortgage with 4 year old ccj
Hi, I'm looking at getting a joint mortgage with my partner, we have a 50% deposit. The issue is that I have a ccj from 4 years 4 months ago. Apart from that my Credit history is good and is on the up. I've completed a mortgage in principle with Santander and Lloyds who I have accounts with and it came back that they would…
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Mortgage when on maternity leave
Hi I am currently on maternity leave and have asked my current employer for 4 months of unpaid continuous from my maternity leave. I am awaiting to hear back from my employer on whether this will be approved but my question is of you approach a broker or a bank for a mortgage will you be declined if you are on unpaid…
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Funds from Remortage to S&S ISA
Hi, I recently managed to get the remortgage with the purpose of using the funds for house renovation. As the design, planning application and permission are going to take a few months. Can I use some of the funds to contribute to my stocks and share ISA allowance for the year 20/21? Idea is to invest the funds as it will…
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Endowment miss sold
Cashed my endowment in a few months ago, can I claim back for it being miss sold, I took it out when I was 25, I cashed it in I wasn't told it' was a whole if life policy.i have been approached by a company who says that they can get back compensation for me, bit they charge 43 per cent forward the privilege. Where can I…
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FTB Virgin Money Mortgage
Hi, I'm a first time buyer working with a mortgage broker. The broker found me a deal with Virgin Money (VM), it was aligned to how much I wanted to borrow and the deposit I wanted to put down. I was also informed that I passed affordability checks. Anyway, everything seems to be going well. VM send a surveyor and take…
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Nationwide Online DIP Query
Good evening, Just a quick query to see if anyone is in the same situation as myself with Nationwide trying to get a Decision In Principle online. I am a first time buyer wanting a 90% LTV mortgage and would prefer a term of 30 / 35 years. When selecting a 25 year term with my details, it is a straight accept, however when…
