-
Mortgage calculator to show ported and new mortgage?
So I hope I can explain this correctly! is there an online calculator that can show what the monthly payment would be when moving house, and part of the mortgage is ported and part is a new product? I am looking to move home, and can port my current rate on £158k (which is my current outstanding mortgage balance). I would…
-
Interest Only Mortgage Ending - Selling house - what happens??
Interest Only Mortgage Ending in November- Selling house - been on market six weeks or so Up to date on payments (though it continues to be a huge struggle with the rises) My question is basically: What happens when the Mortgage period comes to an end before the sale of the house goes through?
-
Base Rate This Time Next Year?
With the month on month increases happening, what are thoughts on BOER this time next year? My 2 year fix at 1.44% 75% LTV is due for renewal then, and at present trends of the cheapest being 2.5% presently.....do we think base rate will be around 2.5% with 2 year fixes at 4-5%?
-
Fixed or tracker. . .
Hello everyone Due to reach end of current mortgage fixed term at the end of the year - current rate ending is 1.1% (£1100 / month) Current provider has offered a range of fixed deals; 2yr @ 6.5% to 10yr @ 5.5% House value £450k Mortgage £225k Remaining term - 18 years Other deals available with major lenders at 5.84% for…
-
switching to buy to let
Hello wondered if anyone can shed a light on what i want , before i look for mortgage advisor as the one i employed sort of 14 years ago , cant reach any more My residential property bought 2010 and my buy to let 2013 both are same size and type in 2 roads next to each other , and both are on capital payments How hard is…
-
Can I be added to another mortgage?
Tricky situation…. My brother is currently going through a divorce, they bought a new build house last year. He pays all bills and mortgages.Ideally would like to keep the house as, secured good interest rate for 10yr fixed and also valuations are averaging £57k below paid! the plan would be to port mortgage in a few years…
-
Gifted deposit from abroad mortgage query
Does anyone have any insight re gifted deposits from abroad? My parents have a business in Canada and have sent me over some money towards my house deposit. They withdrew it out of their business account into their personal joint account then sent it to my current account. Will lenders look at this negatively? They are…
-
Shared Ownership ‘Share Maximisation’
I’m trying to get a shared ownership house, it is nicely within my budget with some to spare at 25% share. I was asked to do an affordability check with a mortgage company, and the company is saying that it is government policy that I should be encouraged to maximise my share, to 35%. Long story short, is this a bit…
-
Mortgage
Looking for some advice. I want to switch mortgage brokers but not sure if I am able to at this stage. my current mortgage broker has been disappointing and continuously let me down, plus their communication has been terrible. They submitted an application and I got an offer which was a lesser lend that expected which I…
-
Lifetime ISA to save for a mortgage for 40 and over
Hello, you need to be under 40 to open a lifetime ISA. Is there anything similar for someone 40 or older? Why are the reasons to this? I just want to understand, it seems unfair.
-
Buying a new home with x2 existing mortgages
Hello. After some advice please! We are looking at upsizing owing to a new baby and have an opportunity to buy our dream home. However, we have two mortgages in place already with Nationwide (one ported from our previous property, one further advance for the remaining balance) for our current property that we will be…
-
Home improvements to increase remortgage value
I purchased my flat in 2019. It's shared ownership and I own 75%. Since then, I have renewed my mortgage twice. Since the most recent renewal, I have remodelled and updated my 2 x bathrooms. My mortgage deal is up at end of January and I am obviously facing high interest rate than I currently have. And I have a kitchen…
-
Debt prior to mortgage approval
Hi guys What sort of debt did you all have when your mortgages went to full application? We are due to go full this week after getting an AIP last week from them and just curious all your experiences? Also, did your broker disclose all debt or credit issues to the lender prior to full application? Regards M
-
Issues buying privately and using as a BTL
Quick question, Why do mortgage lenders have an issue when buying privately ( even at market value) if using for property as a BTL? Thanks
-
Remortgaging - impact of reducing the amount on the existing offer's interest rate
Hello, The promo period of my current mortgage is ending in a few months. I'm holding off with overpaying as my savings account's interest is higher than that of the mortgage and also to avoid the early repayment charge. The plan is to leave a little window between the end of promo and remortgaging and during that window…
-
Shared ownership
My partner can’t currently get a mortgage due to having and IVA. We’ve looked into shared ownership in my name. If I bought a 40% share now in 5 years time when it comes to remortgaging and my partner is out of his IVA, could he then be put on the mortgage and would we be able to buy a bigger share with him on there?
-
6 Month Mortgage Break
Hi all, A friend of mine has decided to take the 6 month break offered below: She's very happy "because it won't go against her credit score or have any adverse affects". Surely taking any payment break from a loan is never truly affect free? Her payments will go up slightly after the break but there must be more to it?…
-
Mortgage/Relocation/Commuting Advice
Hi there - apologies if this post is slightly long and hopefully it makes sense but I was hoping for some advice: To describe our situation - I am currently living with my partner in our owned 2 bedroom house in Reading and we are hoping to upsize. I work in a nearby town where I usually go into the office once or twice a…
-
Divorce and keeping the family home
Hello all. Seeking advice on the following please: Family home worth c.450k. Remaining balance 150k so c.150k of equity each in the property. I want my wife to at least have the option to stay in that home should she choose to. This would mean a debt of 300k when my half is paid out to me. The timing is terrible with the…
-
Choose a 10 year Fix.. Pay it off early? With a twist..
I have 39k left to pay off an original value of 55k With the intent to overpay £5500 per year as agreed by my lender without penalty. The twist? well I'm offered: 5.89% 3 year fixed, 5.30% 5 year fixed or 5.24% 10 year fixed. MSE overpayment calculator has me finishing the mortgage at year 5/6. I'm technically not hitting…
