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Barclays AIP Broken?
So I did a quick calculation based off me and my girlfriends earnings at x4.49 and it comes out at just under £310k.Whereas if I do an AIP with Barclays they''re saying we could borrow upto £325k. That seems like it might be a bight broken despite it getting my hopes up.Anyone else experiencing this?
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90 LTV with 13 year old BR.
Ok, for perspective; I have 13 year old BR. It was because my ex husband was violent and I was removed by the police for my own protection. Long story short, my ex ran up loads of debts in my name and I went BR. I was discharged early because it was no fault of mine (before it was a compulsory 12 months). My 2nd husband…
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Porting a mortgage to a cheaper property
Hi guys I have about £90k left on my mortgage and the house is worth roughly £350k. If I were to sell that would net me £260k minus legal fees etc. I am currently in a fixed term mortgage. If I were to sell up and buy a house for £200k for example, can I still port that mortgage? The house is obviously worth more than the…
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Anyone any experience with Scottish Widows Offset?
They seem to have very competitive rates at 75% which are very comparable with repayment mortgages as opposed to a rate which is double! Are they a good lender? Easy access to overpayments and offset balance? Switch rates reasonable?
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Can I buy a house on my own?
2 years ago, my husband and I seperated. He was not in the financial position to buy me out, so our agreement was that he can continue to live in our home, my name is still on mortgage, and I would rent. We have about 60k equity in the house. I would like to buy a house by myself now. Is this achievable? Would it be…
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10 year mortgage mistake!
We were going through a really horrible time in January last year and remortgaging was one step too far. I locked in to a 10 year mortgage because I couldn't bear the thought of going through it all again. Now I read that that over the course of 10 years we could be paying £30,000 or more above that of other mortgages. I…
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Self made outbuilding affect valuation
How likely would a small self made outbuilding, falling within permitted development and not needing building regs. affect future house valuations? I am currently on help to buy and don’t want to unnecessarily increase my house valuation pending remortgaging in 3 years.
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Overpaying on a borrow back mortgage
I have estimated that I have 2 years savings to live off until my state retirement pension kicks in. I have a borrow back mortgage with the Nationwide. I can overpay (say 18 months of my 2 years savings) and have it back upon request. Can I have your thoughts please? I'm terrified that they will change the rules and I…
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Is it best to use a local broker?
My wife and I are first time buyers trying to decide on a mortgage broker. In my head I would think it's best to use a local broker, as I guess they would know the local market and could give us advice on certain things particular to the area, whereas someone not familiar with the area wouldn't be able to. Or do brokers…
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Question Re Mortgage Interest Rate
Hi All, I have my mortgage with Santander and I've just tried to phone them and after waiting on the phone listening to their messages and chowing options for several minutes, they advice me their office is now closed and only open Mon-Fri! Well I like most work Mon - Fri and therefore can't speak to them during this time!…
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Holiday Let Mortgage On Previously Flooded House
Hello, and thanks for any help. I am assuming that it would be impossible to find a lender who would lend on a property without flood insurance? This is a property I am selling. When we bought 5 years ago, with a holiday let mortgage, we couldn't get flood insurance so have never had it. The lender didn't ask, and it…
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Anyone got a mortgage with Halifax?
I’m in the process of remortgaging, I’m currently with the Co-op who have always been great with customer service. However the Halifax are offering 1.46% over 5 years which beats the Co-op’s best existing customer deal of 1.58% over 2 years. Ive read a few horror stories about Halifax, can’t get through on the phone, forms…
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New HTB Scheme and Estate Rent Charges
Hi all, We are close to exchanging on our property, however our solicitor has noticed that there are clauses relating to estate rent in the TP1 form that do not align with the new HTB scheme. After doing some research, we found this in a HTB document: "The use of Estate Rent Charge enforcement powers under Section 121 Law…
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Rate Dropped After Agreeing to Product Switch
Evening all, Just a quick one - I agreed to Product Switch with Natwest back in December with my current deal ending in March. I have since noticed that the rate for the same product has dropped slightly. Is it too late to achieve this reduced rate with them given I have signed the paperwork or would they allow the change?…
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Platform mortgage porting/additional borrowing
We started the application process with platform in September to borrow more money for a house extension. We are still waiting on an offer or any further news. Does anyone know where they are working at date wise with applications? Last week they said end of November, our application was received and paid 8th December…
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Vernon Building Society 5 Year Fix 1.25% £999 Fee
Just noticed this product on the MSE league tables when searching - seems too good to be true?
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TUPE
Was looking at applying for a mortgage as have now got a decent deposit but have just found out today that my employer is being bought and will be TUPE to new company on 1st May. I'm guessing that I'm now best to wait until I'm transferred over but can anyone tell me how this will affect me. I've been with current employer…
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Possible mortgage amount with decent deposit,1 single low wage & dependents?
Due to chat to a broker on Monday but just wondering what is possible and manage expectations before then? Partner has salary of 32k pa, stable job I'm a stay at home parent to 3 under 5 Not married but together 15 years I have 60k saved Partner has 40k saved with parental gift of 15k Partner has excellent credit history…
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financial associations with ex
I'm getting stressed out. I've just gone onto my Experian credit report and my ex is listed as an financial association. when we was together we had a joint bank account, she came onto my account. when we split up I took her off my bank account. I'm worried this is going to stop me getting a mortgage. i went onto Equifax…
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Mortgage, secured loan or other?
Hi, I have searched but couldn’t find anything like an answer
to our very specific query. My mum passed away last year and we have inherited her
house. I have a mortgage in my name on
our current property with around £20k of equity. My OH has a mortgage on his previous family
home which he’s keeping on to keep a roof over…
