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Increasing my mortage mid-fixed period for house improvements??
I’m planning to do some remodelling in my home and have been quoted approximately £7,000 for the bathroom. Given the current state of the personal loan market (where I’d be lucky to secure loan at around 7% interest), I’m considering asking my mortgage provider if they would allow me to add this cost to my mortgage. Also,…
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Transfer of Equity
I am hoping someone can just offer a little advice please. My husband and I separated in September and I had to leave our marital home due to lots of different factors. He then said he was buying me out of our mortgage - and has begun the process. I’ve been reading up (scarily!) that I may have to pay Captial Gains Tax?…
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How long do you have to be in employment?
Hi, I got a mortgage with Aldermore despite having 8 defaults on my account. I was about to exchange contracts when I got sacked so the sale/purchase was off. I am starting a new job 5/3. How long until I can apply for a new mortgage and get moving? The mortgage broker - Haysto- said 3 months but my probationary period is…
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£5,000 deposit first time buyer mortgage
I thought it worth noting that products are now on the market to enable first time buyers to get on the housing ladder with a flat deposit of £5,000. These products are designed for those with good incomes and solid credit history but with borrowing available up to £495,000 on £500,000 purchase, will do the job for the…
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Yet Another Re-Mortgage Scenario
Looking for some advice. Current mortgage deal about to end. 1.29% fixed with Santander and I overpay £100 a month. They have offered 4.61% fixed for 2 years. 2 years suits me as I am HOPEFUL the rates will come down and if not oh well. I have 11 years 11 months left on repayment period. My LTV is 36% with around £60k left…
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Buy to let on remortgage?
Please can someone help. We are remortgaging our home which is currently mortgage free to purchase a second property for our son to live in. We have an offer in principle from the bank. However we have decided that we are going to set up a formal rental agreement. In order for us to qualify for mortgage interest relief do…
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Pepper Mortgage
We have just applied for a Pepper Mortgage the DIP went though pretty quick and then we carried on with the full application. We received a pre-offer call on 21st February 2025 and was told to expect a mortgage offer within 24/48 hours. Now the 25th February 2025 and we haven’t heard anything should I be worried? I have a…
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Mortgage with 2 historic missed payments
Hi there, just looking for some advice on the reality of being able to get a mortgage with missed payments. I have 2 'missed' payments from 5 years ago on my report, other than that, my report is clean with no other negatives and my score is good. Is getting a mortgage out of the question?
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mortgage underwrtting help
im having major anxiety application went in with leek utd on the 19th - valuation instructed on the 20th, im expecting a call to verify some info as for the decision in principle i declared my cc but not a loan - which i paid off early a few weeks before - but honestly didnt think about it - untill realised still on credit…
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Would all equity release companies refuse if house in in flood risk area
My friend in her late 70's is looking for 20% equity on her cottage but has been told that it's not possible because: 1. The house is in a flood risk area. 2. Because there is commercial property nearby. Can anyone explain the thinking behind this so we can see if there is a way round. I would have thought it was the…
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Re-Mortgage - What to do!
Hi there My 2 year fixed rate mortgage is finishing in 3 months and I'm unsure what to do / what my options are. My current rate is 5.29% (I have 89% LTV). I've looked at my current provider - Skipton - and it seems they will offer me 5.26% for two years fixed or 5.08% for five years fixed (which isn't much better than the…
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First plus charge on my land registry
Hi I am trying to get a remortgage but solicitor wants to know about a firstplus charge attached to land registry. I have no idea where this is from. Anyone advise me of who I can contact to find out? Thanks
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No buildings insurance - will I get a mortgage on my new home?
I bought my first home about 4 years ago. I’ve had an offer accepted on a new house, and I’d like to stay with my current mortgage lender as I’m in a five year fixed term deal. My problem is that it was a term of my original mortgage offer to have buildings insurance in place. I never took out a policy. I know, I’m an…
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Mortgage application gone to audit
Mortgage application went in just over a week ago and got to valuation point. Now pulled for audit? Should I be worried it will be declined or is this completely normal? (Not received a mortgage offer yet)
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Choices: Bigger deposit or make over payment or invest S&S ISA?
Hi Everyone, We've just committed to purchase a property and was looking for some options on how we should model the deposit and what pros/cons are associated with the size of the deposit. Basically, what I'm thinking is if it's worth putting on an extra 35,000 from savings into the new purchase, at the cost of 187/month…
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Deposit and amount borrowed
Hi, probably a silly question but one that's bugging me anyway. When I play with the Nationwide mortgage calculator I get a number back that they're potentially willing to lend. Changing the deposit amount has no effect on the amount borrowed, so I'm wondering if the deposit is simply a down payment or if it serves any…
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Lodgers on a NatWest Mortgage
I've recently taken out a mortgage with NatWest and one of the covenants was stating that I cannot get a lodger without written consent and my mortgage advisor has stated that they'll probably refuse if I go to them for consent. I'm a first time buyer and did receive a relatively favourable rate so wonder if this is part…
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RBS one account switching
Looking to switch RBS one account to another mortgage deal , with another lender , does anyone have experience of this ? how easy is it to do ?
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Getting a mortgage top up after having IVA
Hi guys does anyone know if I can get a mortgage top up after paying off my IVA I took it out 6years ago and paid it back early so I’ve been a year free of it I recently tried with my mortgage company to get a top up and they said I couldn’t because of IVA and said it stays on my credit file 6yrs after I’ve paid it off is…
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Nationwide Zero Interest Green Additional Borrowing
I'm planning to apply for mortgage with Nationwide for my purchase of a victorian conversion flat. I'm thinking of doing some home improvements in a year time. In addition to loft extensiom, I’m considering replacing the existing windows and installing internal wall insulation in the existing first floor flat. I've…
