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I own a home but my partner doesn't. If we get joint mortgage is their 50% stamp duty?
If I were to buy a 2nd home I'd get hit with stamp duty, but what if it's a joint mortgage with someone who is a first time buyer (and thus no stamp duty) thanks
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20 Defaults - Is it possible?
Hi everyone, I am hoping to get some suggestions/opinions advice if allowed? I’ve been reading through lots of threads here and have found the advice and personal experiences really helpful, so I thought I’d ask about my own situation. Im going through a really tough time that will result in about 20 defaults across…
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Overpayment on Interest Only mortgage
Hi all, I'm hoping you can help me - I suspect I'm just being really stupid but if anybody can help I'd be ever so grateful. We have 7 mortgages on our home, with Nationwide, and we're overpaying them as much as possible to try and be mortgage free in the next few years. 6 of them are repayment mortgages so when we make an…
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Remortgage declined because im paid via umbrella
Hello all Im a nurse on ongoing temporary contracts through an agency. Santander didn't like it as soon as they seen Umbrella.co.uk wrote on my payslip. I've had my mortgage with them for 10yrs too. What options do j have please? Im trying to release some equity for a new car
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Mortgage pre or post house purchase
Hi forumites, I'm hoping for some advice. I have put in an offer for a house and have a buyer for mine. I can purchase without a mortgage but will need one to do work on the house. When is best to apply? Should I do so before purchase (I have an AIP) or wait until I've moved in? tia
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Should I accept gift to pay off CC before mortgage application?
Hi! My partner and I are going to start the process of buying our first home together in the new year. My partner/his parents are providing 80% of the deposit amount. I will be providing 20% from my savings. I have a credit card debt of just over 2k on 0% interest. My mum has very kindly agreed to give me the money to pay…
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Mortgage on property I own
Five years ago I was lucky enough to inherit some money, but at the time I wasn’t working on a permanent contract and couldn’t get a mortgage. I was able to borrow £60000 from a family member. I’m now in a secure job and in a position to repay. The property is now worth about £200000. What sort of mortgage do I need to…
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Possibility of getting a mortgage with a DMP
Current situation:- Renting for £750pm and the landlord wants to sell in two years time, we would like to buy. The property is probably going to be worth around £220,000 as an estimate. We have combined incomes of £44,000pa and will have a saved deposit of £40,000. I currently have £22,000 of debt (credit cards and loans)…
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Remortgaging options
Hi All, Just looking for advice / perspectives in relation to my options when my current product comes to an end in a few months. Any thoughts welcome..... At that point mortgage will be about £40,000 remaining. House value approx £215k so low LTV. Single parent on part time income so prefer to remain with my current…
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Looking for some guidance on a valuation on a new build house mortgage
Morning all, I've just signed up to this forum. I've used it for years and it's been extremely helpful. However, I now find myself in a spot where I can't find an archived thread that helps - so any guidance here will be a huge help. My wife and I reserved a new build house here in Scotland (via Cala Homes) earlier this…
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Confused by mortgage decline
I just wondered if anyone in the mortgage industry ie a broker could shed any light as to why this decline might be the case. Its a buy to let I own. Value £130 Mortgage 66k I asked for further borrowing of £23k for home improvements at my own home which they said was fine. The LTV is fine. However, its been with the same…
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Advice on re-mortgage/change of product
Hi everyone! I’m just looking for some advice/a check on my plan. I currently have permission to let my property from my lender with the agreement that when I’m at re-mortgage time I move to a commercial mortgage. My deal ends on the 1st April 2026. To do up my house I accrued about £28,800 of debt. I’m paying that off and…
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Reducing amount required for re-mortgage but confused by latest letter from conveyancer
Hi I am currently re-mortgaging my property. Currently with Atom and as of today £98671 left on mortgage with last payment due in November. I was successful with getting a nationwide mortgage and decided that I wanted to pay a lump sum of £67,000 to reduce the mortgage further and now have a mortgage offer agreed of…
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Mortgage porting query
Hi all Struggling to get my head around whether to port or not to port…. Our house is on the market with around 150k equity. We are fixed with Nationwide for another 4 years and have £175k outstanding on the mortgage. We are looking to purchase a house of £425k with 75k from the equity and using the rest of equity with…
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RBS One account changing to use their app
Hi all, currently got a One account that is switching to using RBS for app and online banking access. I’ve registered and logged in but can only see the mortgage balance and transactions to the main account - not of the additional pots are visible or usable. Is anyone else going through the change and seen what I must have…
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Adding spouse to BTL remortgage - SDLT?
I own a single BTL property in my own name. My earnings (PAYE) is slowly creeping up to the point where earnings plus rental income will take me into the 40% tax bracket. My wife currently earns a lot less. If we split the rental income 50/50 I would avoid the 40% tax. If I decide to remortgage and add my wife, will she…
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mortgage application
Hi everyone, My broker submitted TSB shared ownership mortgage application a couple of days back and told me its pre-approved subject to property valuation. Its a new build house from So Resi. For those who’ve gone through this recently, could you please share your experience on: * How long it took for TSB (or other bank)…
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excel mortgage calculator
Hi - a few years ago I downloaded an excel spreadsheet someone shared on here where you could punt your figures in and it would let you know all the things you might need to know re your mortgage - I cannot for the life of me find it now and wanted to do some comparisons. Does anyone know the file I'm talking about? I've…
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Two mortgages or one?
We currently have our family home mortgaged at around 50% LTV and a second dependant relative mortgage mortgage on the wife's mother's home (she was stung by an interest only mortgage). The interest rate is slightly higher on this second mortgage but we could potentially pay this off early by taking equity out of our…
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Lifetime mortgage quotes
Is it better to obtain more than one mortgage broker to give quotes for a lifetime mortgage?
