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Remortgage and Help to Buy (Target)
Has anybody recently had to remortgage and pay off their help to buy with target? I’m trying to find the best way to go about this, I’ve been in touch with L and C and they didn’t really give me much advice in relation to the Help to Buy. My mortgage is due to expire at the end of February 24. I currently pay £800 per…
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Expected Mortgage Interest Rates
I was googling MSE and I was met with the strapline:- 'Martin Lewis: What you need to know NOW about mortgage rates' .It was a TV programme from 7th February 2023. I was immediately struck by how obsolete and outdated it is some 6/7 months later. The consensus of the 'experts' was that there might be one more base rate…
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Equity release
Hi Due to circumstances my wife and I will not be able to pay off our mortgage by November 24. I am 62 and my wife 64. We are thinking of getting equity release to pay it off. Is this a good idea. Any advice would be greatly appreciated Thanks Steve
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Mortgage application and credit card balance
Hi, I'm planning to buy a house soon (still looking). I have AIP but I'm a bit unsure about a question on there. It asks for credit card balance and if it will be paid of by the time of mortgage application. I only have 1 credit card (no loans, overdrafts, mobile phone contract etc) and use it for everyday shopping (to…
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Porting a mortgage, income is private ill health pension
Hello, I wondered if someone would be able to give their thoughts on my situation. I purchased a house with a mortgage 12 years ago on a 5 year fixed rate. A couple of years after this I had to give up work due to illness. I received an ill health pension from my employer as their doctor said that I would never be able to…
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Pay off Mortgage or wait?
Hello all. Our mortgage is currently £98,000, and due to certain circumstances, it could be that we will be able to pay this off in the next 6 months or so in a lump sum. Our current deal is at 1.78% fixed until April 2025 (took out a 5 year deal in 2020) As it stands at the moment, if we paid it off today we would be hit…
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Approved, What Next?
Hey all Had some great news that my mortgage was approved today and the valuation was already completed online with Halifax. Background - LTV 85% £18k deposit (total mortgage remaining amount £103,000) Credit rating- fair with defaults approx 3yrs 10months ago and missed payments up until last Dec but no debt as all 0…
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Remortgaging BTL/Consent to Let
Our 5-year fixed rate mortgage for our home expires in April 2024. Around the same time, we are looking to head off on some long-term travelling and rent the house out while we are gone. I am having a bit of trouble working out what our options are in terms of living in/letting out the house - how would we best structure…
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Shared ownership with parents
Hi, I am looking into the possibility of buying a larger house with my parents on a 50 - 50 basis they would be paying for their half in cash and I would be getting a mortgage for the other half just wanted to know if this would be possible? Thanks, Joe
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New Job Offer - Do I need to disclose
Hello, We are in the process of purchasing our first home, and have had to leave the area we currently live in due to affordability. I have been offered a new job (similar pay) closer to where we will be moving, although will not be handing in my resignation at my current place of employment or signing my final contract…
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Special conditions on Nationwide Mortgage
Hi Need some advice please am all a fluster! We have a special condition in our mortgage offer from nationwide " this offer is offered on the understanding that he following commitments will be repaid on or before completion of this loan:" When taking out the mortgage we did say originally that we would pay off a bulk of…
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Mortgage Interest
i asked for a redemption figure from my Mortgage lender , i have 4.5 years left on my mortgage but the figure they gave me was the same as what my balance is ...my question is should i not be saving 4.5 years of interest ? if not then i would be better just keeping my money in back and earning interest?
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Mortgage paid off but Mortgage payment was taken
Had a mortgage with Company A fixed until 1st September. Remortgaged with Company B. Company B paid my mortgage in full to Company A on 1st September. Company A took my Direct Debit payment on 1st Sept at their new Standard Variable Rate which is £500 more than I was paying on their Fixed Rate and £380 more than I will be…
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Further Information Halifax
Hello Has anyone had experience of halifax asking for further documents when full submission has been sent? I was asked to send over a signed contract of employment this morning but do they usually ask for everything they need in one go or in dribs and drabs ? Thanks
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Bridge loan & personal loan
Hi I wanted to enquire avoid about the potential of getting onto the property ladder. I’m an homeowner but not looking to take equity out of my property. Im looking to take out a small loan like 35k roughly to clear most debt and then get a bridge loan for the rest for 12 months to jump start on the ladder immediately. Can…
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mortgage vs loan
hi all i am very close to buying out right. i have 185k in total and am seeing houses/flats suitable for me for 200-250k. had a quick look on nationwide loans and they can do 25k for 5 years at 7.1%. costing £500 a month. this isnt much more than a mortgage which ive been quoted 6-6.5%. is it worth considering this to…
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Shared Ownership with CCJ
Hi eveyone, This is my first post so if I've broken any rules please feel free to move/delete as required. I'll begin at the start of a relatively long story, I'll try to keep it brief. A few years back I moved in with my SO, she owns her own place and I was renting. We'd been together a few years and this seemed like the…
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Halifax full Application submitted
At my witts end. Had an AIP from Halifax via a broker and I have submitted full application today. Previously been declined by kensington due to wanting to go solo on the mortgage for our rental which he pays for due to them feeling better if 2 people who are cohabiting are on the mortgage! Something which was overlooked…
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Valuation from bank
I know that different banks will hire different surveyors. However, some of the banks such as Barclays and HSBC, I think they are both using countrywide surveyor. Does this mean that their valuation reports would be the same for the same property?
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Halifax - Unwanted mortgage recalculation (reducing monthly payments)
Hi all, For the past few years I have always paid off the 10% overpayment my mortgage allows without any change to my monthly payment. This is what I want as ultimately I am trying to reduce the balance as much as possible before my current deal expires in 2026 so I can remortgage on a shorter term. I received a letter in…
