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Mortgage Advice - Single Parent
Hi I have income of salary, child benefit, child maintenance (private no court order) 3 kids 15,12,12. Sold House (accepted offer), offer accepted on new house! Had agreement in principle then 2 declined offers due to admin error on me as I got a new job (different pay date into my bank) and forgot to change DD date on…
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What roof insulation is acceptable to equity release and mortgage cos?
We have to remove our spray foam but what do we replace it with that will pass the test? Not selling but equity release a possibility in the future.
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What length when extending ?
Our mortgage renewal is due in August and we are planning to start a hefty extension in a few months time which I expect will take until the end of the year as best before completion. We have always done 5 year fixed mortgages in the past with the comfort of knowing the monthly payments needed and saving a lump sum up to…
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Concessionary mortgage on a non standard construction
Does anyone happen to know of any lenders for non standard construction property Whilst also using a concessionary mortgage for less than 10% discount ? Home report says construction is: The outer walls are of cross wall construction. The front and rear elevations are of K-lath construction and have a rendered and Fyfe…
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Failed to complete house purchase after exchange due to mortgage lender not releasing funds
We exchanged on a house purchase 1 month ago, with mortgage offer in place, and as far as we knew everything was signed off and ready to go yesterday 15th March. On 10th March, our lenders contacted our solicitor to request evidence showing our private water supply complies with statutory regs for safe drinking water. We…
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Mortgage charter and move to new deal
Looking for advice, im currently in a the middle of interest only mortgage charter support on my mortgage, however my current deal ends May the 1st and i will revert to SVR, which of course i dont want to spend the duration of the charter support paying interest on 8%, so i plan to move to a new fixed deal with the…
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Loans and mortgage application
Looking to move house - wasn’t expecting things to happen so quickly tbh …anyway i had a re shuffle of finances in the last 12 months , took out a 3k loan to pay off some small bits , then wanted to clear CC so took out a small loan with monzo as good rate 4k and cleared all debts - then after xmas unexpectedly got a bonus…
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Split From Partner - Mortgage Situation
Hi All, Ive split from my partner (now 2 years seperated) and we still have a joint mortgage on a house. He has asked me to sell the house, but I dont want to because I dont earn enough to get another mortaged house on my own, even with the equity in the house. I have told him that I will not sell the house (which I…
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Stamp duty after 2025
I have been trying to find out if the new changes to stand duty will affect my purchase for buying a house . I’m a first time buyer and would like to buy a house for £180,000 . I seem to be finding conflicting information on this .
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Do you need an EPC certificate to remortgage your home
Currently trying to remortgage but the mortgage lender Precise in the offer is insisting on EPC certificate and we’ve never had one in twenty years we have been living in the propert We are not selling or renting out, it’s our main home. To top it all they are also asking for guarantees for roof covering and double glazing…
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Having a nightmare trying to buy
hello, Sorry if this is long, I’ve tried to simplify it. we are FTB, living in a house that my father in law built and my husband “helped” (carried bricks, swept etc) and we also put quite a bit of money into the house too, such as paying the plasterer, roof trusses, paying for materials and paint etc. The house is due to…
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Leasehold
I live (mortgaged) in a terraced first floor flat, which has a leasehold remaining of 57 years. The gentlemen than owns the downstairs flat, is the freeholder. He has asked me to renew the lease on my upstairs flat, as he has the property (downstairs freehold) up for sale and has advised that nobody can get a mortgage due…
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Re-mortgaging a year into 5 year term - sanity check needed
Hi all, I am looking for an independent opinion on if my logic to re-mortgage makes sense. I have no one in my life to talk personal finance besides the Mortgage Advisor. I bought this house 14 months ago (£290,000 December 2023) on a 40 year term with an initial 5 year term at 5.59% (75% LTV). I borrowed £215,000 and…
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Landmark sold my mortgage on!
I have just received a letter from my mortgage company Landmark Mortgages. I am one of the Mortgage Prisoners who had their mortgage sold on by the government when Northern Rock went bump. From NR I was moved to NRAM then LANDMARK MORTGAGES and today I've just found out my mortgage has been transferred to BLOOM LOANS…
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2 year fixed deals
I'm in the remortgaging period and looking for new deals. Currently with Nat West who were offering 4.39 on two year fixed about a week before the last BoE interest rate announcement then a few days before the announcement they upped it to 4.49% ! now they are offering new deals today at 4.36 for 2 year fixed. I'm tempted…
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Fix for 2 or 5 years?
Hi all, So know this is a difficult question, and no one has a definite answer with what will happen with mortgage rates, but I am 10 years into owning my home and have always fixed for 2 years and been happy with it. Around 4 months ago, I locked in a 5 year fixed rate for 3.92% with Natwest prior to my remortgage which…
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how accurate mortgage in principle
hi, i don’t know if worrying unnecessarily- just had mortgage in principle agreed, 51% LTV - i answered all the questions honestly - no defaults , late payments etc …i have a credit card upto the limit 0 percent, and i took a small loan out in nov but paid off in january when unexpectedly had a bonus and sold house…
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How to afford a mortgage to move back into my house!
Hi - I have a house I've owned for 10 years. It's been rented out for the last 7 years and my daughter and I (I'm a solo parent) have been living with my mum. Five years ago I took out a buy-to-let mortgage and borrowed extra money to extend my mum's house (yes yes I now realise this was a BAD idea as I've essentially…
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Re-Mortgage to pay H2B
We are hoping to re-mortgage to pay off our help to buy this year but are worried that we won't be approved for the higher amount. We currently have £95k on our mortgage and need to add on about £37k, our house has about £85k of equity in it. However, we do have some debts, £25k on a loan for car and then about £10k on…
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selling my property which has government grant restrictions
Good Afternoon, i am in such a confused place at this moment in time, i engaged with a estate agent last week to consider downsizing my property to release cash, i explained that there were restrictions on the title deeds and was asured this would not be a problem and no additional delays with selling the property, however…
