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Small mortgage
Hi all, I’m selling my current house to downsize but with the way house prices are accelerating, my hopes of living mortgage free on my next property are seeming less likely so I may need additional finance. It would only be a relatively small amount such as 25k over 10 years. My question is, is a mortgage the best way to…
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Mortgage or family member - which is better all round?
Hoping someone can help my understanding a bit! Has anyone been in a similar situation? or is in the banking/mortgage field? We have had an offer on our current property and have accepted, and we have a mortgage offer in place to purchase our next one, but a family member has suggested we borrow the money from her personal…
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Mortgage Prisoners guide - What can I do?
We'd like to hear your thoughts and experiences on being a mortgage prisoner and will be updating the Mortgage Prisoner guide with your feedback. If you haven't already, join the forum to reply.
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Mortgage Rates Crystal Ball..
It’s time for my remortgage, currently on a Nationwide tariff of 1.65% fixed for 2 years, was a 75% LTV. I’m undecided between 2 mortgages with the same provider, they’ve valued my property way higher than expected putting me below the 70% LTV mark. 1.29% fixed for 2 years. + £999 Product fee. 1.54% fixed for 5 years. +…
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need advice happy to pay for a phone call?
i have a change in circumstances and i need to speak to a advisor about options regards 2 mortgages. is there anyone i can have a call with happy to pay for it?
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Has anyone gotten a mortgage with a transfer deed
Hi All, has anyone had auction property experience of buying a property with the seller’s name not yet on land registry but has transfer deed.
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Selling half your house to a family member
Hi, I have a second house which is currently mortgage free (btl) and have agreed to sell a half share to my son to help him get on the property ladder. This will mean that we will get a joint residential mortgage on the property to release the whole of the equity and transfer the title to joint ownership. I'm unsure…
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Mortgage application with debt management payments
Hello, I would like some advise if anyone is able to help please My husband and I are hoping to apply for a mortgage in the next couple of years. I have some debts from student days that were passed over to a debt management company in 2012. I have since been paying a small amount towards these debts, and have never…
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Remortgage Confusion RE Furlough & Estimated Value
Hi, Just had our remortgage letter from Nationwide, end of our 1.64% fixed rate is 30/09/21 so have a while, but thinking of taking the switch now. They’re offering us 1.29% fixed for 2 years, but with a £999 setup fee. However, I can get a better rate through switching to Barclays at 1.18% and £35 product fee, so already…
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Joint mortgage
Hi, I am on the deeds and have a joint mortgage with an ex. I didn’t put any money in and haven’t paid the mortgage as I paid the bills. I left years ago and he has defaulted on the mortgage making my credit rating plunge and I am now unable to get help from benefits as having to go part time to look after my SEN daughter.…
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Buying house with annexe for parents
We are looking to buy a house with an annexe with/for my husband's retired parents.Using the money from the sale of their house as a deposit and us mortgaging the rest. Eg £250000 deposit £250000 mortgage Has anyone else done this? What should we be aware of? I'm sure it won't be a straight forward process, as these things…
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Am i classed as a first time buyer and will I have to mention I was bankrupt 12 years ago?
Hi, Financially me and my wife are in a decent position and both of our credit reports are all showing as excellent. We are looking to get a mortgage towards the end of this year but I do come with some baggage. I bought an house with an ex partner many years ago and I I actually finished up bankrupt. The bankruptcy was…
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Accord Mortgage Overpayment
Hi, we have a 15 year mortgage with Accord, (currently 3 years into a 5 year fix @2.49%). I phoned them to ask about overpayments but when I said I would not want the monthly amount to reduce he said that they review the mortgage annually so the monthly amount would be reduced and the term would reset each year. Is this…
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How does converting to BTL actually work if you're moving abroad
Evening all My wife is from overseas. We both lived there in the past and are planning to return permanently in two years. Straightforward so far. We have a house here which was purchased for £180K, and the current balance is £103K. The original plan was to sell the house, but that would mean cutting ties with the UK, and…
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Part and part mortgage
I currently own 50% of my mum and dads home which is mortgage free. They each own 25% which in turn comes to me on their death. The house is worth approx £175,000. My home is worth approx £190,000 and currently has a mortgage on it in my late husbands name. I need to remortgage for approx £145,000 to remain in the house…
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Partner is a first time buyer but I am not?
Hi, I've been looking into different scenarios for me and my partner. If I am not a first time buyer and he is, I understand that his help to buy isa scheme is still valid if we buy together, but that the stamp duty relief will no longer apply to us due to my non first time buyer status. However, I do not understand how it…
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Equity Release Query
Hello all, Hope this is the correct forum for this. We are considering releasing equity on my property and would like as much info as possible please. My wife and I are both in our mid-seventies, own our property and have no mortgage. If anybody could provide info on any of the following: · Previous experiences with equity…
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First time remortgaging help required
Hi all. We're 3 months from the end of our first 2yr fixed period and looking to stay with Nationwide and taken out a new product. I'm surprised to discover that we can only get an offer of 2.09% up from 1.99 2yrs ago even though we have moved to an 80% LTV. Should we wait to see if Nationwide will improve their deals in…
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Shared Ownership Adverse Brokers
Hi All First post, long time lurker! I wondered if anyone here had any recommendations for a broker who deals with Shared Ownership (Adverse) We are looking to move into our first home and have the following circumstances to overcome; * Wife on Furlough, currently back 2 - 3 days a week. Also working a second job on the…
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Shared Ownership - Staircasing question
Hello, i wonder if someone more clue up than me could help me with a question surrounding my shared ownership house and purchasing more of it. So in March 2020 i bought a 50 percent share of a £325,000 house for £162,500. I am on a fixed rate 2 year deal, after looking at the mortgage statement the outstanding capital in…
