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ADS Additional Dwelling Supplement in Scotland
up to 8% now. And this ontop of Stamp duty that would be due on a 2nd home? Anyone with much experience dabbling in the Scottish market?
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Help to Buy Repayment Blocked – Previous Solicitor Ceased Trading, No One Will Take the Case
Hi all, I’m hoping someone here has been through something similar or can offer advice. Back in June 2020, my wife and I bought a home with a Help to Buy Equity Loan. We used Conveyancer 1 at the time. I’m now trying to repay the loan in full, I’ve had the RICS valuation done, now expired, funds are ready, and all forms…
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5yr or 10yr fixed
Yes asking for looking into a crystal ball :smile: I need to remortgage by the start of Dec 2025. Currently on a 1.34% fixed with Atom.....good old days :smiley: Value of house £550k with 100k left to pay and want to pay this off in the next 10 years. Whats most pragmatic thing to do - 5yr or 10yr fixed - any advice?
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Natonwide overpayment question
Hello I am unsure if there is anyway to overcome this, but any thoughts on this would be welcome. Due to taking on a mortgage solely, a £22K overpayment was made last week to reach affordability. I spoke to someone in Nationwide and was advised I could choose to keep my mortgage payment the same and also to choose to…
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Bank Rate Today and Mortgage deal deadline
Hi there, I have until the end of June to choose a new mortgage deal (fix) with Nationwide and the Bank rate announcement is due out at midday today. Nationwide doesn't always react to the bank rate immediately, but more randomly. It is expected rates will remain the same, but I just wondered if anyone thinks (particularly…
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barclays agreed then declined mortgage
Looking for some advice...Barclays accepted my remortgage application, affordabilty etc was all ok, application passed the checks but then at the last minute the underwriter declined the application with no proper reason given.Once an underwriter makes a decision is it possible to ask the bank to reconsider it? Has anyone…
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Mortgage application…getting myself in a state.
So I am getting myself into a right old state. Background. I currently have four defaults listed on my account. 3 drop off July (one not satisfied- balance £1800) and one next July (satisfied). Broker knows this. House we are buying is up for £280k and we have a deposit of 100k. Broker has place us with Coventry who have…
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NatWest Mortgage
Don’t need this post anymore
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Getting Mortgage Ready
Hi all, I'm looking for some advice. I've read the MSE guide to getting mortgage ready and have questions that I wanted personal experience answers to. I have 4 credit cards accounts open and balances on 2. One is 0% and the other paid in full each month. The advice on whether to close the settled 2 is conflicting. None of…
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Making a lump sum payment to Halifax advice
Hi, We recently found out we've been left a inheritance of £40,000 I would like to overpay my mortgage with this but I'm struggling to work out if this will reduce my mortgage term or just the monthly payment and what to. Not really sure what's best. I've got 32 years left on my mortgage. Thank you
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Closed Accounts & Mortgage Application
Hi Guys My husband and I are looking to apply for a first time buyers mortgage. Both of our credit scores are excellent, we have no existing debt between us other than my PCP car payment which we’ve declared on our MIP and we have a deposit ready to go. We’re eligible for a mortgage up to £345k but to keep us in our…
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Virgin Money 5yr Fixed at 2.7% - surely too good to be true?
While looking at mortgage deals over on the London & County site, the below 2.7% 5 year fixed rate appears - surely in the current climate this is too good to be true and likely an error? Through Virgin Money site itself the rate is over 4%. I cannot find this anywhere else either. The issue is that I am currently stuck in…
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Ex Northern Rock mortgage prisoner advice
My in-laws are near the end of their ex Northern Rock interest only mortgage. To cut a very long story short, they cannot pay off the loan. But have never missed a payment as far as I know. I presume they are with Cerberus. They are nearly 90 years old. Does anyone know if Cerberus will consider converting the mortgage to…
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Gifted Deposit from partner
Hi all, Apols if this has been asked an answered before. I'm currently buying a house with a gifted deposit from my partner - which will be received upon the sale of their house. The house/mortgage will only be in my name and not theirs, and they will be living with me in the house. The mortgage provider requires a letter…
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Tracker Mortgage query
Hi all, So my existing fix is coming to a end later this year and provider has already messaged me saying I can choose a new deal. I've been on the app and it shows several deals and I'm considering the 2yr tracker deal they have at the moment. I've asked them some questions and 1 question they didn't actually answer but…
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Mortgage 7 years after DMP finished
We were experiencing financial difficulties and had a joint dmp in 2008, paid religiously until 2019 when we came off the dmp and paid only remaining enforceable debts/debtors - 3 of which we are still paying a small amount to each month. Our credit records are now excellent, we have no defaults. We are desperately trying…
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Finding A Reasonably Priced Adverse Credit Mortgage Broker
I'm happy to annouce come September 2025 I will be 2 years discharged from my settled IVA. I was fortunate enough to have my parents settle my IVA early. I think it will be around 2028 when it will leave my credit file. I currently own my home and looking to move after September, I am lucky enough that I have enough equity…
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Welcome Finance/Coast Finance solutions
Hi I am looking for some help. We took out a second charge on our property with Welcome finance, the debt was sold to Coast finance solutions. We repaid the loan in 2020 and assumed that was the end of it. Unfortunately we didn't get a letter stating the debt had been repaid. Recently we started to remortgage our property…
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Buy half an inherited house?
Hi there, I’m just wondering if it’s possible to buy half an inherited house. My grandparents passed away last year and the house has been left to my mum and uncle. My mum has said she’s not bothered about her share but we would have to buy my Uncle Share out would that be possible with a mortgage? Or is it possible to To…
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Buy-To-Let, Regular Mortgage or Bridging loan?
We have been looking for a 2nd property for a long time that we would like to use as a holiday home but possibly AirBnB when we are not using it. We found a property which needs some renovation to bring it up to a good standard and have had an offer accepted on it for £145k. We aim to renovate the property over 4-6 months…
