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Problem in removing my ex off mortgage
Can anyone give any suggestions. I split from my ex over 12 months ago and have been paying the mortgage myself from my part time income plus universal credits, child benefit and maintenance for my 2 yr old. I want to remove my ex from my mortgage but although I have comfortably been paying it for the last year I am having…
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Cant find any details regarding mortgage provider
Hello everyone, To cut a long story short, i recently found out my mother in
law has an interest only mortgage with a mortgage provider
called: Trillium Mortgages Limited - After trying to do a bit of digging
on google i can't really find anything out about the company and all i ever
seem to find are company stat/info type…
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Rolling Stamp Duty into Mortgage with Help to Buy
My wife and I have reserved a property and are in the process of sorting out the legal and financing side of things. We did some Googling and discovered that it is possible to incorporate your Stamp Duty bill into your mortgage, simply by adding the tax owed onto the mortgage required amount. We discussed our plan with our…
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Increased mortgage borrowing
Hi. Are there any mortgage lenders out there that could lend us more on the condition we settle a loan with equity from the sale of our current home on completion. Thanks guys
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EQUITY RELEASE - please help !
Im helping out a 60 yo gentleman trying to sort of his divorce. He is disabled with a stroke and its proving rather tricky. One idea is an Equity release of £189,000 which would pay off the existing mortgage and buy his ex out of her share of the assets. The house is valued at £375,000 his income from all sources £22,859…
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Better mortgage deal since bereavement
Hello My father recently passed away and we are now looking at all his finances to make sure my Mother is able to survive solely with her pension income. While they are / were of retirement age, they purchased a property late in life and still have 2 years to pay on the mortgage for their home. I was never across these…
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I think this is a silly question RE: Valuation but just wanted some confirmation.
We are buying a new build house for £249k. We are using HTB so have a deposit of £12450 and HTB Equity loan of £49800. We have applied for a mortgage amount of £186750 and currently awaiting the valuation which has been scheduled for the 16th March. So, my silly question is, when they value the property, are they looking…
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Remortgage to interest-free
Hi, I recently separated from my husband; he has moved out and I have stayed in the house with our 2 children. I am managing to make ends meet (just) with a bit of help from Universal Credit and my parents but don’t want to be reliant on either long term. My ex is keen for us to seek the house, split the equity and then…
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Overpayment Question
This is probably an easy one but I'd like to get some view on whether I'm maximising my benefits with the following please. I have a mortgage which is £115k, of which approx £70k is interest only and the remaining £45k on repayment. It's a 5 year fix at 2.39%. There are 7 more years left to run on the mortgage which is…
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Deposit about 7%?
Hello all. I’m looking at my first home and I’m currently searching around £230,000 purchase price. Now I have around £29,000 deposit which works about about 12/13%. My question is would a figure of only 10% deposit be accept (£23,000) or can I use the full amount for deposit? (12/13%). I was hoping to achieve 15% deposit…
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Tsb mortgage - ask for another payslip
Hi after abit of advice. We applied for a tsb mortgage last Thursday (27th) they then instructed a valuation of the property on thr Monday but didnt do it, they theb requested another one of my payslips and they did the valuation today. Im loosing sleep over how this is going to go really. We have a combined income of 50k…
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What is a “Risk appetite”?
Hello I was recently turned down for a mortgage due to “Risk Appetite” the mortgage company will not give any information as to why besides referring to this term. I’d never heard of it before and just need to get to the bottom of what went wrong. I have good Credit and permanent full time Job. can anyone help me…
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Applying for mortgage with defaults on record
I am currently trying to rebuild my credit rating after a rough patch a few years ago as I have decent deposit money for a mortgage in a help to buy ISA. I have two defaults on credit cards from last year one for 6k and one for 3.5k. I have another for £200 which will be paid off in a few months. Will it be difficult to…
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Was Barclays being fair?
2014 £75,000 Mortgage was due to be fully paid up. My endowment & savings would cover £50,000, leaving me £25,000 to find. Approached Barclays, face-to-face interview, and was given a remortgage quote for £50,000 endowment AND £25,000 repayment which also meant the total monthly amount was still under my PPI ceiling. So I…
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Will mortgage interest rates increase if coronavirus becomes an epidemic?
We're due to remortgage in September and I would ideally like to go for a five year fix. We can do it now and lock in a rate of around 1.7% and I want to know if this might increase because of the coronavirus? No historic precedent so asking on here in case folk have any ideas?
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Base Rate / 5y fix
Looking to do a 5y fix on a loan of £260k. Do we fix now, or wait until the MPC meeting at the end of March on the off-chance base rate is cut further? :) If base rate does get cut, do banks immediately reflect that in their mortgage pricing?
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Unconditionally exchanged but wife faces redundancy
So... I'm hoping for some advice. My wife and I are buying our first home (newbuild) due to be completed at the end of April. We've had our mortgage approved and contracts been unconditionally exchanged. Problem being my wife is now under consultation for redundancy and if they cant find her another position within the…
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Mortgage porting query
I am thinking of buying a new residential house. Current mortgage is still on fixed term. Might be simple questions, but don't know how it works so would appreciate your expert views. - I believe the ported mortgage + new borrowing runs only until the fixed term of original mortgage (correct me if wrong)- When you port the…
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Mortgage, Part Exchange and New Build
Hi, so really confused, we are looking at a new build for £275,000, Our house is currently worth £220,000 with a mortgage of £145,000, we want to use £55,000 of our Equity on our deposit and get a Mortgage for £220,000, which our mortgage broker says we will get easily. What I'm confused about is if I part ex do they just…
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Paying off help to buy after 2 years in new home
I will have lived in my new home for 2 years in October (this year) so was thinking of options on whether to do this or wait out the 5 years. The plan is to re-mortgage the premises to cover the 20% (or possible the 10% at the moment) owed, am I correct to assume all I need is to get a conveyancer (was going to use my…
