-
Can I mortgage my french property to release cash
Hi, My husband and I own a property with no mortgage in Brittany, France. We've had it for approx 20 years. We would like to access some of the money in the property. How can we go about this? Is it possible to get a mortgage or loan with a french bank even though we don't live in it. It is just a second home, we do not…
-
Number of Committee members
Firstly apologies, I don't know what category to put this in. I need to know what is the number of committee members required preferably legally for a committee for the following. - A housing development consisting of 16 private properties - Built on freehold land - The committee consists of residents only - To oversee and…
-
Releasing Cash from House
We are a retired couple, no dependents aged 69 & 70. House value is circa £220k and we are looking for some advice as to release some cash to enjoy during the last few years on this planet. We are not planning on leaving a "big" will to any relatives. Our thoughts are if we can leverage as much as we can (up to 50%?) of…
-
Equity Release Advice
Where is the best place to get honest and straight forward advice on getting Equity Release? We are in a crisis over a bank charge on our home due to a security given for our business, which went into administration 3 years ago. My husband is 76 and I am 73. The house only has 23k left to pay on mortgage and the equity is…
-
Pepper money? Anyone have any experience good or bad please
Just wondering if anyone has any experience, good for or bad, of Pepper money for UK market. When googling only negatives are apparent. I’m certain that’s not a true reflection of a company as most people I think only tend to review if they’ve had a bad experience. Anyone?
-
Downsizing and porting existing mortgage
We have a c.300K mortgage with Santander on a property worth c.600K (so about 50% LTV). The mortgage product/rate we're on (fixed) has a maximum LTV of 75% (so we're well within that). Since buying the house, for various reasons (including home improvements), we've racked up a few loans and credit cards. Our plan is to…
-
Mortgage Complaint - Private recording, can I share transcript and/or audio with the FOS?
Hi, Long-standing mortgage complaint currently with the FOS where the initial adjudicator rule in my favour but the ombudsman has not upheld my case but I have one final opportunity to submit new evidence. As someone who has worked in finance for over 13 years, albeit, in a different industry I felt I had a very strong…
-
Borrowing lump sum for extension. Remortgage, loan, other?
Hi everyone, Could I have some advice please? Brief financial outlay below: Property value 325k Outstanding mortgage 90k and 10 years left Joint income 75k We need 60-70K to modernise and extend property What would be the best way to borrow this extra money to fund this?
-
Holiday let mortgages
Does anyone know on the web where holiday let mortgages can be compared? It is very limited on moneyfacts.co.uk Many thanks.
-
solicitor asking for money 3 years from completion
Hi completed my house in june 2022. I have today had an email from my solicitors asking for 1030 that is outstanding They have forwarded an email i was apparently sent in December 2023 with a financial statement but I don't have a copy of this and i certainly don't have a letter. Looking at it the difference is in what the…
-
halfway through 5yr BTL at 5.74% int. remortgage with same company - fees?
I'd like to be up to speed before I start approaching people: I'm halfway through a £125000 BTL at 5.74%, with a ERC of 3%. with Kent Reliance. They now do a similar product at 4.3%, which could save me nearly £300 a month. If I ask to go on to that one, would they insist on the 3% ERC, even if I'm staying with Kent? I…
-
Do Halifax accept developer deposit contribution?
Hi, I currently have a mortgage with Halifax, but Im looking to upsize to a house. My household income is c£74k. From my research, Halifax typically allow 4.5x (£333k) but increase this to 5x (£370k) if it's 85%LTV or lower. The new build house I've looking at is £420k and I have roughly £40k deposit. This leaves me a…
-
Wether or not to pay a product to fee
Hi, We're coming to the end of our fixed rate and only have about £20k to pay. When comparing mortgages with and without a fee am I understanding this correctly? Option1: 5 year fix No fee £318.64/mth Option2: 5 year fix £995 fee £316.68/mth So, over 60 months I would only save £1.96/mth or £117.60 over all, so I'm better…
-
Remortgage- queried payment to familyc
Currently remortgaging as my term is up. i send £150 to my parents every month to pay off a sofa they lent me money for. They’ve queried what this standing order is for. I’m worried about saying it’s to pay off a small debt that way. Would it be better to say it’s for childcare that they do for me (I have paid them similar…
-
What's the best way to repay a mortgage?
Suppose you take the starting point to be a repayment mortgage at 4%. This should be the equivalent of an interest-only mortgage at 4%, plus savings yielding a net interest of 4%. Rather than using ISA savings to repay the interest-only mortgage, if I used the 25% tax free lump sum from my pension, I would have benefitted…
-
HSBC Interest Only Mortgage
Hi, Just wondered if anyone had any experience of HSBC Interest Only mortgages. After initial acceptance, do they make future checks to see if repayment vehicle is ticking over OK? Ideally, I'd repay via pension, but I know they don't accept this repayment method at application point. So, I'd initially be paying into a…
-
Understanding loan interest rates....
I have a quote from Close Brothers for a car loan. £6,495 over 5 years at 9.25% (applicable on a per annum basis). Total finance interest is coming in at £3,166 - which is approaching 50% of the amount to be borrowed! When I put these numbers into any loan calculator the interest payable is coming out at £1641.00 How are…
-
Bad credit and other mortgages
I want to move into a property worth about £400,000. I have a deposit of about £200,000, but I have bad credit. I have a relative who is willing to get a mortgage for me, and I will make the repayments, although he doesn’t own a home. What is the best approach? We were thinking of a Joint Borrower Sole Proprietor (JBSP)…
-
Remortgage term
Hello My mortgage term is coming to an end, and I'm torn between a 2-year and a 5-year fixed rate. I wonder what people choose in the current financial climate. A lot is going on in the UK and in the world, too. Cheers
-
Remortgaging but husband has bad credit - advice please?
Morning all! I am about to remortgage. I currently have a mortgage in my name only, as my husband does not work for health reasons. He also has a poor credit rating with 2/3 of the big agencies (1 he still has a good one). When we bought the house, we were not "financially tied", but now have a joint account for our food…
