-
Commercial or residential mortgage? HELP
Hi all. We are trying to buy a country property that consists of a house with a garden and behind that some land that’s run as a business. The house has a covenant on it saying it’s only to be lived in by the people running the business. Does this make it a residential or commercial? We have been trying both but being…
-
Product Transfer Halifax
Hi Guys, Newbie here looking for some advice Our current fixed rate of 5 years is due to end 31st December 2025 We are looking to fix again for 2 years but due to a lot of changes that have happened recently, we have decided to do a product transfer and stay with Halifax I have recently started a new job, and only here…
-
Mortgage application with zero credit card balance
Hi Trying to find answers to the below Me and my partner have a AIP when applying I didn't declare credit card balance as it was at zero however that credit card is also not showing on my credit file when applying for the mortgage will this likely affect the mortgage process the AIP is with West brom the house we have had…
-
help to buy mortgage buy out
My partner wants to buy me out of our mortgage as we have separated, however we have a help 2 buy mortgage. She wants me to pay off my share of the H2B equity loan even though she intends to stay in or rent the house out. I think this is unreasonable as she will still have the benefit of the H2B loan. Surely she should be…
-
2nd home in cash, mortgage remains on primary residence. What are the implications?
Good morning! I am in the UK. I own my primary residence with a mortgage of £100,000. I plan to buy a second home in cash, with no mortgage. When my 5 year fixed rate mortgage deal ends on my primary residence, am I forced to get a 'second home' mortgage for it because I have 2 houses, or I can keep getting a 'normal'…
-
Remortgaging (very) early in first term
Due to an potential forthcoming change in circumstances, I'm thinking that we might remortgage our 5 year fix with 26 months to go, (20 months if you consider I'd usually have start the remortgage 6 months early). I want to lock in a 10 year fix from now, which gives me a very long runway. Potential early repayment fees…
-
Leasehold surprise bill for invoice from 2022!
To my shock, residents and i received an invoice for circa £350 for additional costs incurred from 2022-2023 a week ago out of the blue. Being aware of the 18 month rule (section 20b of the landlords and tenants act) and having no prior warning for this, are we legally obliged to pay? Not to mention the company sending out…
-
Mortgages
Hi all, Can anyone recommend amortgage broker please especially one that think a little outside the box ideally. Thanks, Louise
-
United Trust Bank
Does anyone have any experience with UTB for mortgages? I’m just wondering how forgiving they are with sub-prime applicants and what kind of rates they are likely to offer, if anyone has been made an offer through them. I appreciate this depends on individual circumstances but a rough idea would be good. They have been…
-
Want to move, but to avoid being in a chain I want to remortgage so I have the full cash available
I've tried looking online for this scenario, but only seem to come up with Buy to Let advice. I'm fortunate enough that I may be able to pay off our mortgage soon, but I also want to move house in the future. What I want in regards to moving, is rather than getting into a chain and all the chaos that comes with it, is to…
-
Equity release
what happens when a man is forced to leave his home and move elsewhere due to equity release taking the property back
-
Charge Notice on Property - Drydens Law
Hi All - I am new to this site - nice to meet you all. Not sure if I am in the right category, so apologies if not. Just looking for a bit of advice, if possible :smile: My son received a letter regarding a large charge notice on a house he inherited from his late father. His dad must have had a loan secured on it from…
-
Lump sum overpayment when refixing
My current mortgage deal is expiring at the end of the year. I have already maxed out my overpayment allowance. I have around 100k that I would like to pay off the mortgage before refixing. My current lender (natwest) has decent rates so will most likely stay with them. I wondered if anyone can advise on the process of…
-
Separation/Divorce - Moving out, possible to obtain another mortgage.
Hi, Bit of a morbid post, but it is what it is. My wife and I have decided to split after 16 years in a relationship, the last few haven't been very enjoyable at all, now it's not fair on the kids (9 and 13). Not ending nastily, we both knew it was coming, but now what to do with money/house/mortgage. I'm - wanting to -…
-
Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
-
Mortgage for 74 year old on shared ownership house?
Morning helpful people! The subject line pretty well says it all. I'm 74, living in social housing which I hate with drug taking and loud bang bang music all day on one side and a car graveyard on the other side. I'm pretty tolerant and we get on fine but having had a clean bill of health at my annual check up the other…
-
Equity Release
Hi all, could do with a bit of advice please. We’re looking into releasing some equity (poss £60k) from our house. I’m assuming a remortgage rather than equity release scheme would be best/cheaper? This is opposed to downsizing as we like where we live. What would be the best type of mortgage to get & how long should we…
-
PCP vs loan
Hi, I have taken out a PCP for a car. I'm tempted to take out a loan to then cancel the PCP agreement and pay it off with that loan money. Reason being, the difference in interest is about £1800, albeit the loan is 7 years and PCP is 4. Plus I got a dealer deposit plus free servicing with setting up the PCP. My question…
-
Retirement Interest Only Mortgage
Hi - we have recently paid off our mortgage but want to help our son and his partner with a deposit for a house - they are first time buyers. Our initial intention was to downsize and give them some money from the sale but due to a few issues this will not be happening for a couple of years. I’ve been looking into various…
-
Having trouble getting my head around the "Max 10% of balance" overpayment rule
Have to say maths has never been my strong suit! So I am allowed to overpay a max of "10% of your outstanding balance each year". Say my balance is £70,000... so in year 1 I can pay a total of £7,000 and it doesn't matter how I split that per month? I can just divide it by 12 and overpay £583 a month..? And then after 12…
