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First Mortgage Overpayment. Format of Payment Request?
Hi I'm looking to make my first overpayment but I am going wrong somewhere with the payment request. Could anyone please help with the format? 1. Purpose: Own account? Bill, invoice or Property Sale? 2. Name: My name? Lender's Name? 3. Account: 0000 00000 and sort: 302886 Ref: Mortgage Acc number 14 digits? Mortgage…
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Mortgage to Repay Parent's Equity Release Debt Upon Death
Hi all, apologies if in the wrong place, but I am struggling to find any guidance on this question. I've spoken to 2 mortgage advisors today, who gave conflicting advice and it's left me pondering. I will try and give as much relevant info as possible My parents have recently passed away and left their home to myself and…
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Loan my ltd money from personal mortgage additional borrowing
Hi, I am wondering how feasible it is to take out as additional borrowing on my residential mortgage and lend it to my rental company which has a business mortgage on a property already. I would use these funds to make a cash only property purchase. I guess the issues here are: 1. Lender might not allow me to lend this…
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BTL mortgage with maxed out credit card
Hi, I would like to rent out my flat and rent somewhere else. The BTL mortgage I was looking for is 70% LTV, 2.2x annual salary and 135% rental income vs mortgage payments. However, I have a 16k credit card, which has been maxed out for several months while I prioritised clearing other higher interest debts (the CC is…
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Releasing some equity to buy BTL
Question. Is it possible to release some equity to put deposit for BTL? I have mixed answers where some say yes by remortgaging and some say no because the lender might not allow it. How do people get some equity? Thanks
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Which mortgage lenders will let you go straight from residential to BTL
If you are in a residential home with mortgage as owner occupier but want to keep and move the mortgage straight to a BTL lender...which lenders allow this? HSBC - No you need to be an owner occupier somewhere to get a BTL mortgage.... Santander - No, if it used to be your own home.... The Mortgage Works - No, it needs to…
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Names incorrect on mortgage offer
Just had our mortgage offer through and they have double barrelled our surname! So it says Gem83 MORGAN SURNAME and done the same for my DH. This isn't our name and never has been! We've contacted our MA but think he's signed off for the football/weekend. Is this going to be a massive problem?!
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House buying
I know this is in the wrong section of the forum. Have put a copy in the 'house buying' section, but can't delete this one! Will delete it when I work out how! Hello, Me and my partner have been looking for a house for a while. We had an offer accepted on a house (house 1) in March. However, the sellers are still looking…
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HSBC mortgage - am I doing the right thing?
Hello wise Forumites, Before I go ahead with any remortgage, I'd appreciate confirmation / dissent on my thoughts & situation. * Took out an £89,000 mortgage with HSBC in October 2018. 5(ish) year fix at 2.05% (£297 per month repayment), 35 year term. 10% yearly fee-free overpayment possible; the 10% is based on the…
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Adding my partner to my mortgage through Nationwode
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Barclays mortgage
Hello i applied for mortgage with Barclays on 27 may, they been asking for some documents which my broker provided but still status is on “needs more info” when i check on Barclays track it, my broker said desktop valuation has been done but i rang Barclays and they said no valuation been done and they still need some more…
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Remortgage home and pay off buy to let
Am considering remortgaging my home to pay off buy to let mortgage on rental property as there is no longer mortgage interest tax relief. Pros and cons?
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CIS - Natwest
Hi, Wonder if anyone has had any experience with using Natwest for CIS contractors, my partner is a CIS contractor and Natwest does treat them as employed however he did receive a SEISS Grant after the 14th of July when building sites in Scotland were still closed, since they opened back up in August, his earnings have…
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Possible or not?
Hello, I’m just after opinions before going into possibly moving. Sorry if long winded. Our situation is as follows. Home owners, wanting to gain some extra space. As it stands we will have approx 150k equity/deposit from sale of current house 78-80k joint household income however have - 10k on credit card (0% and going…
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Occupiers deed of consent
My wife and I need a small mortgage. We can only get a mortgage in my name and the mortgage Company requires my wife to fill out an occupiers deed of consent. My question is “if I die before the mortgage is paid, what happens to my wife”. Will she be able to stay in the house and still keep paying the mortgage or will the…
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Pay Day Loans Effect on Getting a Mortgage
Good Morning, I would welcome any thoughts on my chances of getting a mortgage. I am 57 years old with a deposit available of around £35000. Salary is £43000, and currently paying rent comfortably at £700 a month. The downside is I have around 15 payday loans on my credit file from 4 years ago, how much of a problem will…
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Changing Fixed Rate Term
Took out a 5 year fixed almost a year ago with Santander. I'm just wondering if anyone knows if you can change the product mid way through the fixed term? I actually would like to fix it for longer for some peace of mind as am planning a career change. I know I still have 4 years at my current rate, but I am nervous having…
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How Much Do Personal Loans Affect Remortgaging
I'm already 4 years in to a 22 year (£112k) mortgage but am looking to buy a slightly more expensive house (maybe an extra £20k). I am also looking to buy a car with a personal loan of about £4k. I have no other loans / credit cards or any outstanding debts but am concerned about how this loan might affect my ability to…
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Remortgage fixed rate thoughts 🤔
Hey With 7 years left to go on my mortgage i am currently out of any fixed rate deal and pay just under £790 a month. Have always previously remortgaged to keep on a fixed rate but this time while looking for a fixed rate be it 2, 3, 5 or 7 years monthly payments are working out about £850 so around £60 ish more a month.…
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How can I get on the property deeds with my girlfriend ?
Hi Everyone, My girlfriend and I are looking for properties however my problem is I have a bad credit score due to having ccjs, now the damage is already done, we both want to buy a house together however if we do a joint application on the mortgage because of my bad credit score it will bring the overall interest rate…
