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HTB advice needed regarding deposit.
Hi. We are about to start the process of buying a house with the government HTB equity loan. Originally the mortgage company said we would need to pay 10% deposit 20% HTB 70% mortgage. Since then our earnings have increased today they have said we can do 5% but that would mean 75% mortgage. Surely it's better for us to…
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Paying off partners mortgage.
Hi all, I have recently been offered 80k as a gift from a relative. My intention is to use the money to pay off the majority of the mortgage on my partners flat that we live in with our three children. We are both adults and aware that 'life' happens and we would both like to cover ourselves legally to ensure we each have…
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Pension Question
I have received compensation after 8 years of waiting from FSCS as I had lost all my personal pension money in a bad investment advised by a Independant Financial Advisor (who was struck off for this). Is my compensation taxable? Can I use this compensation to help pay off my mortgage / credit cards? In 5 months I will be…
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Tenants in Common - percentage share of property calculation
Hi, I was wondering if anyone could help me. My partner and I have purchased a property that we are in the process of renovating. The purchase price is £405,000 and the Mortgage loan is 364,500 (Which we are splitting 50:50). I am investing £120,000 and my Partner is investing £50,000. This will cover both the deposit and…
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Mortgage options for self employed
Hi all, looking for any opinions or options that I may not have explored in regards to self employed mortgage routes. Myself and my partner are both 10 years plus self employed. We have saved £25k for a deposit for a mortgage and aiming to save £30-£35k in total. My partner already joint owns the family home on a 3 way…
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Halifax
Hi i have a satisfied default with Halifax which is due to drop off this week. I’m looking to apply for a mortgage once my credit file updates and is clear of the default. i was wondering whether To apply to the Halifax for a mortgage? Incidentally the account i defaulted is still open but has a zero balance and I’ve not…
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Impact of nursery fees
I'm looking to buy in the near future as a FTB with my husband. We have two children under 6 and pay around £1000 a month in total for nursery and wrap around care. This will reduce in January to around £600 until eventually reducing to £250ish a couple of years later. Our joint income is over £80k and will rise in the…
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Quick Mortgage Q
If i take out a mortgage for 20 years. Looking to initially have a 5 year fixed rate from next year. I would then remortgage in 2027,2032 and finally in 2037 (assuming i go with 5 year fixed rates each time) Question is when i get to the final 5 years and remortgage for the final time, if i know i am going to be able to…
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Mortgage affordability / equity question
Hi all. I'm considering moving house next year. Like many people, I'll mainly be WFH in future and would like a bigger house. Looking at the figures and what's on the market, I think I might be £10-20k short of what I'd ideally need. That's based on the usual 4.5 times my salary that most lenders use on their websites when…
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Overpaying on Interest only mortgage
Hi all, I have a mortgage broker looking at some deals for me and I just wanted to ask a question to put my mind at ease before I return on money. my property is worth £200,000 and remaining mortgage is £103,000. I was originally looking at repayment mortgages and they came out at around £470 a month. The interest only…
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Natwest and Japanese Knotweed
Hello, Just had the TA6 through and the old lady has said there is Japanese Knotweed on the property. This is the first we have heard about it. natwest have already done their valuation and only asked us to get a report for the flat roof but nothing about Japanese knotweed. The property is set in just under a acre of land…
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Mortgage on a skilled worker visa
Hi, I'm planning to come over to the UK on a 5 year skilled worker visa.Has any one had any success in getting a mortgage (with one of the main retail banks) without being a permanent resident? The visa will allow me to get residency after 5 years but I'm not sure if that matters or not. I'll have 20% (possibly more)…
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Mortgage affordability
Hi i am just wondering what the maximum mortgage i would be able to borrow on a 30k a year wage? I have no loans or credit cards and no monthly debt apart from general spending household bills. My 30k wage is made up of a monthly bonus also but it totals around 30k for the year. Thanks
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Equity loan time frame?
Hi. How long does a equity loan application take on average? The wife and I are now in a position to start saving for our 1st home which we think will take us 12 months to have a deposit in place. We are looking at all options but we are very interested in the governments equity loan. At what point should we start the…
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Joint mortgage with father
Can anyone help, My dad is looking to help me buy. A property but already owns another, he can't gift me or loan me the deposit for me to get a mortgage alone as I don't earn enough. As he already has a property just over the 325 k how can we protect this additional property from CGT etc and other fees Thank you
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Remortgage on a new mortgage deal
Hello To cut the long story short...House bought in March2021, mortgage with Barclays, 5 years fix, 1.34%, monthly repayments £750.Checked current deals on the market, and if we were to take the same mortgage we would be paying around £550. Now, is it worth ringing Barclays and asking them if they could/would: 1) be able…
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Additional Borrowing whilst in fixed term
I’m guessing this is a pretty simple one for those in the know but I’ve done some searching and can’t seem to get a definitive answer so, We’re looking to take some equity out of our home to extend but we’re currently in a fixed deal until mid 2023,would this be possible/feasible to do,and if so what would it be referred…
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Bradford and Bingley mortgage paid letter
I dont know where to put this question but here goes. We paid our mortgage off in 1998 and received a letter from Bradford and Bingley saying that everything was settled with our deeds. I have not told my husband this but years ago I spilt a drink on the letter in question, tried saving it but it was irrepairable (I was…
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Two part mortgage
I currently have a fixed deal for 3 years with Halifax and we are borrowing more for an extension, the extra money will be on a 5 year fixed rate. The LTV on our first part was just under 50% and on extra money we have borrowed up to the 85%. When we redo the 1st part in 3 years is this still on the lower LTV or is it on…
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Help Needed please
Help Needed please
