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Remortgage due this year..... but have debts
Hi all, What would be the best course of action here? My partner was laid off during covid, and took him a while to find work. As a result, we of course landed ourselves in debt to make ends meet during this time with loans and credit cards. We both have a healthy credit score as such, as everything is always paid on time,…
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Mortgage lender permission for building works
Hi everyone, I bought a three-bed terraced house in London about 6 months ago. Lender for the mortgage is Halifax. It's a bit of a fixer-upper but has good bones and Halifax valued it at over the price I bought it. I am just about to start building works to add a loft and rear extension to the property. I got all my…
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Commercial or Residential Mortgage??
Hi, Husband and I are selling our current home and looking to buy a property where he can set up and run a business (mainly metalwork fabrication) from home, and me to keep my horses at home. He'll need large outbuildngs for a good sixed workshop, and storage space for vintage cars (hobby). Hoping for around 5 acres + for…
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Agreements in principle
So recently gone to a mortgage broker
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Remortgaging and self managed DMP
Hi everyone I have posted on the Debt forum but was advised to post on here. Hoping for a bit of advice. We are looking to remortgage as we are with The One Account and the interest seems to be going up every month!! We had a DMP back in October 2014 originally with StepChange then went self managed about 3 years ago which…
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Part Repayment / Part Interest Only - is it possible
We have been in our current house for 10 years and it has appreciated in value quite nicely but as we all know house price increases only incrementally make that next step up the ladder wider. Therefore moving to the next rung, porting our mortgage and increasing lending is just not practical as the repayment is just too…
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Retrospective action?
Ok. This is an awkward question to ask so I'm not sure how to pitch it.... Since the loss of both parents I've been fighting a bank over a Shared Appreciation Mortgage they took out in 1997. It's looking very much like the fight is lost so we will end up selling the property and giving the bank its ill gotten gains. My…
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Anyone renewed with Santander?
My fixed term ends in July and my current lender (Santander) have emailed me offering new deals. I wondered if I chose to renew with them they would send anyone out to value? I could call and ask, but I don't want to set any alarm bells ringing. I own an old farm (it's non working) and I've spent a fair amount pulling down…
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HSBC Tracker Overpayments...Can you recalculate monthly payments?
If I make monthly overpayments, circa £250-£500, can I continually keep requesting my monthly payment is recalculated (reduced) online when payment made? Overpayments by bank transfer probably, rather than direct debit.... Is there a way to set up my mortgage so this happens automatically?
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NatWest - Increased Salary Letter
Hi All - so NatWest have approved our mortgage. However wife has managed to negotiate an increased salary in interim in same role, same company. We have gone back to NatWest to increase the mortgage amount. However we only have the confirmation letter and no payslip (won’t be available to end of month). Will NatWest accept…
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What looks better to mortgage lender: 1 card or 2?
The current situation is that I have 2 credit cards, both on 0% until the end of the year with card 1 expiring first: Card 1 has a balance of £9000Card 2 has a balance of £1500. I've also got £1000 in a short terms savings account with a view to paying down the cards before they start charging interest. I'm viewing a…
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Interest Only to Buy to Let??
If I were prepared to move out and let my house out would I be able to convert my Interest only Mortgage into a Buy to Let(Interest only).What would the implications of that be please.I have somewhere to go.I have 60k to find on my current Interest Only Mortgage [by November 2023]...my house is on the Market for £145000…
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BTL offer conditions
Hi all need some advice and clarification for below from Precise Bank for BTL thank you Section 9Flexible features.You do not have the right to transfer this loan to another lender or property.
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Barclays 4.3% 2 Year Fixed Very Good Deal
All dropped today
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Nationwide DIP accept
Hi all, FTB here, only a few days in and already stressed to the eyeballs. I got my DIP with nationwide and had an offer accepted on a house on Tues eve. Eagerly called Nationwide on Weds morn to progress my application, she went through my details with me and said ‘oh it’s gone to head office, you’ll get a decision within…
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new mortgage vs porting mortgage
can anyone clarify: -if i buy a house i need proof of income for a mortgage-if i already have a mortgage and payments up to date, can i port the mortgage to another property without all the income checks i did to get the mortgage in the first place?
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Mortgage after bankruptcy
Hi all, I was discharged at 6 months from bankruptcy in 2009. Fast forward to now, and I have a good credit rating 855 when I went on Check my File. Everything else is in order. I wonder whether a 14 year old bankruptcy will affect me getting a mortgage. Has anyone else been successful in getting a mortgage after being…
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Unenforceable debt and a mortgage application
Hello, Hoping someone will be able to give me the answer, I am back in the process of applying for a mortgage, the house I was trying to purchase a few months back was taken off the market. I had a debt from a credit card with something around £4000 remaining, it was sold to Pra debt purchasers, I done the cca request a…
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Paying off halifax mortgage issues
I was given a redemption letter to pay off mortgage. I started making payments via online banking over 4 days to pay the total off. I phoned to check balance before I made last final payment and the advisor said he would cancel my direct debit payments to. The letter I had advised against cancelling direct debit. Now my…
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conveyancing instruction form
Stupidly signed a conveyancing instruction form on Monday for the purchase of a property we've had an offer accepted on. On further research and many bad reviews later, we want to use a different solicitor. We haven't heard back yet and haven't paid anything but did sign the form. What would be our chances of switching…