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West One Secured Loans
Hello, I have won a fantastic house at auction and an waiting on a mortgage offer from West one. Anyone had any experience with them at all. I am quite nervous - if I don't get the offer I lose my 9k auction fees 😫
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Remortgage which payslip do i need to give the bank?
I will be
remortgaging and the bank has asked for one payslip. My employer recently
closed down the company I’ve been working at for years, however they've opened
up a second company under a new name with all the same staff working there. I’m
now employed by the new company and only have one payslip from them, as its
only…
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Mortgage renewal
My son took out a mortgage on a property 7 years ago. the LTV is 25% approximately. He moved to Vietnam 5 years ago. In October 22 he booked 2 years fixed and thereafter variable. the covenants from his bank simply state that he must maintain repayments which he has done. In fact never missed a payment. also £10k was…
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Must I sell my property?
Here’s my
situation: I own flat
worth £1.3 million, and the current mortgage is £620,000. Issues: The
current mortgage is in two names (mine and my ex-partner’s). I am looking to
remortgage in my name only. The current
mortgage started in September 2023 (2-year fixed interest at 5.08%). I’ve been
paying the monthly…
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Renewing
Hi, probably a silly question but just wanted to check. Our mortgage is due to renew later this year and we’ve been saving to pay some off. We’ll have roughly £180k owing and we want to pay about £40k off. Do we do this without penalty as the contract is out an end? And therefore remortgage with £140k mortgage?
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A mortgage - salary multiples?
Hi As first time buyers with a large deposit what multiple of our salaries can my partner and I reasonably expect to be offered by a building society or bank? We both earn under £50k a year. Thanks in advance for any advice.
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Do I need to speak to EVER Equity Release provider?
Seriously considering Equity Release but not every ER company offers plans from every provider. Do I really need to be interviewed by, say, Age Partnership, KEY AND Equity Release Supermarket to cover all options? If not how do I get full quotes from all possible providers?
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Paying off mortgage to a nominal amount
Is there an argument not pay off the mortgage fully and leave a nominal amount? - e.g. in the case of wanting to borrow more money in the future. I know there used to be an argument to leave a nominal amount so that bank/building society retained your property deeds, but I think these are held digitally now.
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2 part mortgage with bank giving 2 different rates for same tracker mortgage
One part of my mortgage came to an end and was changed onto a 2 year tracker deal which is currently showing at 5.88%. The second part is on a fixed rate which is due to end on 31.01.25 and my bank is showing a 2 year tracker rate of 5.84%. Surely this is the same mortgage and therefore the other part should also be 5.84%…
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Need to decide whether to leave lifetime tracker that has served us well for about 15 years
Lifetime tracker Mortgage with Barclays on an interest only basis of £329000 on a property worth around £700 000. The main mortgage of £290000 is on 0.17% over base for the life of the mortgage (currently 4.92%) while the further advance/overdraft part of the mortgage owes £39 000 and is on a rate of about 3% over the base…
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Can i let to buy another home
Hi guys Im just after some advice. I currently have 11 years left on my mortgage. I've been over paying my mortgage and reducing the term. Currently I have approx 100k left and am due to remortgage in April. Ideally I have Been looking to move but ideally I'd love to buy another home and turn my current home into a buy to…
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Mortgage for over 80s
We are looking to move my dad, who is in his 80s, to a new retirement home closer to family. He is currently renting but has sufficent savings that depending on the property, we might be looking at around a 50% LTV. He has regular income from a pension. My sister and I would also be looking at contributing towards this. If…
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Residential remortgage, Development finance or Self Build mortgage?
Hi All, I was wondering what route is best/only option to go down for this scenario. My friend has a main residence (£400k value) with around £110k mortgage. He has separated some land at the back of his property and got planning permission to build a new house there. He wants to raise approx £200k to build this new…
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Mortgage with defaults
My partner and I are looking to get a mortgage. Ive previously had a mortgage with my ex husband, and my credit is 999/999 so as good as it can get. My partner unfortunately got himself into bother and has about 6 defaults, all now settled back in 2022. We have also just paid his car off in full but financial advisor could…
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Switching deal
Hi So our deal ends in April and irs the first time I am switching a deal so I apologise for the questions. Mortgage remaining :£58,405.78 with 14 years and 8 months left. We currently pay £396 on a 2.44 percent rate and was on 5 year fix. I have had a look and the cheapest deal I can see with my provider is a 5 year fix…
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Natwest like for like porting when don't pass affordability test
Hi there, I am seeking a little reassurance! Have applied to port my Natwest mortgage and buy a (£75k) more expensive property (with no additional borrowing). My wife has recently gone Self Employed and only has one years tax return (2023/24) so Natwest will only include my income and means we don't pass through…
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Equity Lifetime Mortgage Interest - Excel formula
I have a Equity Lifetime Mortgage and want to calculate with the fixed interest daily, what would the total repayment would be year by year on the drawdown amount in future years. I have used a excel compound formula but each month/year shows an error when comparing with yearly statements from the lender Formula used:…
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Santander Mortgage Application
Currently halfway through a mortgage application and hit a bit of what my broker calls a stumbling block. My partner and I are buying a house for £210k. I have £86k equity in my house but we were looking to borrow £135 and put down £75k deposit. I am porting £114k so we’re looking to lend and additional £21k on a new…
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Accord Mortgage Experience
Hello! I was wondering if anyone could give any insight into their experience with using Accord for their mortgage. We are in the process of buying our first home and submitted a recent application with Nationwide that was declined due a default on my account. Accord have asked for an explanation which we have given and…
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Planning for next remortgage
Hi sub-zero temperatures and currently thinking about best strategy with the mortgage. I would love to get your advice on how to best prepare for next remortgage - well in advance I know, Purchased new home end of 2023 with LTV just over 70%, 4.7% interest rate, 5 yr fix santander. Haven't been making any significant…
