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Remortgage
Hello all, So my husband has just been made redundant. I have lot of CC debt. I thought we could remortgage from 2nd of February (6 months early) but it turns out that we need to wait till April (4 months early). We are with Santander. Also, I was looking at doing self managed DMP. How likely it is that in two months time,…
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2nd time buyer - port mortgage or pay ERP
Hi team, really need some advise. I'm a recently new first time buyer, however am now looking to move and sell and rebuy our second home. We currently have a 158k mortgage (5.5% on 25years) on a 275k house, the property we'd like to purchase would be £375k with no additional money to put in. Please help me understand what…
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Nationwide mortgage and self assesment
Currently self employed since April 23 and submitted self assesment for 23/24 tax year this week. If I submit 24/25 self assesment in April will that be enough for nationwide to take as income?
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Remortgage solicitor disaster
We’ve recently remortgaged and instructed our solicitor to pay off a loan and couple of credit cards. I’ve been checking my accounts and just felt uneasy on Friday so I asked them to send me a breakdown of what they’ve paid. They’ve only put a wrong digit in two of the accounts. I am frantic, it accumulates to £20,000.…
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Mortgage length / overpayments / overall interest paid
Does it make any difference in how much interest you pay if you take out a 28 year mortgage at 4.5% or a 35 year mortgage at 4.5% if it only ends up taking only 20 years to pay off the mortgage because of overpayments you make. I am not good with maths, so I am not sure. On the face of it I assume it would not make any…
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One year accounts courier driver mortgage. Is it possible
My issue is if anyone has some insight that my partner is a courier driver, before this he was a security guard and unfortunately was paid in cash end of a busy night so never built a paye history. He then moved from the city and started a new life, started courier work and will earn £40k a year. Has been self employed…
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Land Registry Form A Restriction & Securing Mortgage
Hi all. I have my own home (~£900K) with a £300K mortgage. I have a BTL property (~£325K) with no mortgage. I am in a long term relationship (>10 years) but not married. My partner is self employed and does not make substantial profit - hence title to both properties (and current mortgage) is mine alone. In recognition…
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Can't decide how long to fix for
I'm 90 days away from the end of my current fix which unlike many others is fortunately at a higher rate than the new deals I can choose from are however I really can't decide whether to fix for 2 years or 5 years this time. The 5yr fix is £20 less than the 2yr fix , 4.43% compared to 4.64% for the 2yr fix, same fee £1495.…
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Using Existing Credit Card While in Mortgage Application Stage
Massive worrier here! Me and my partner are currently waiting on our mortgage offer, I travel a lot with work and use my CC for work expenses e.g. fuel, which get returned to me at the end of the month once I put my expenses in. Will this affect our application?
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Santander mortgage
I've accepted a new mortgage deal on the app, but have heard today santander is cutting their rates Friday. Is there still time for me to cancel and lock in these better rates on Friday. My progress according to the app is shown below
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Stamp duty question
My wife and I are about to downsize from our family home to a smaller house. The family home and mortgage is in my name only but the new place and mortgage is in joint names. Because the family home is not classed as her main residence, my wife is being told we will have to pay second home owner stamp duty even though this…
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new mortgage - credit check advice
so want to move house - our dream bungalow has come for sale and we want to put an offer in we have 267k deposit ( equity ) and need additional mortgage for about 260k. a quick mortgage search with our combined income of 76k we can do this…we have literally just this week paid off credit cards, and due to me consolidating…
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Additional Borrowing Secured - where to keep til needed
Hi! Have just had additional borrowing confirmed on our mortgage for a home extension. Planning and building warrants have still to be secured so may be a few months before we need to pay out. Where's best to keep this money so a. we don't spend it, and b. it can generate some interest? Its £50k. Thanks!
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Borrowing before a remortgage
Hi, after some advice please. I am due for a remortgage in May and have about an 85% equity in the property and a more than sufficient enough income to be able to Borrow the required amount. My question is, I am looking to borrow around £5k to buy a car (will pay the remainder with savings). I know they say ideally you…
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Overseas Electoral Roll and Credit Agencies
Hi We have moved to mainland Europe but have retained all our UK credit cards and banks as we know we will one day return to UK - and we use a relative's UK address with their consent. However credit agencies keep reminding us to register on the electoral roll, which in theory we could do as overseas electors, but does…
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Equity release
Hello, I have a BTL property with TMW, 127k interest only mortgage - property worth 200k and rental income is £1300. How much equity can I release please?
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Repayment mortgage for 68yr old.
I am 68yrs old.my mortgage deal with Santander comes to an end in May 2025.i have to pensions and I work permanently for the NHS as a nurse. I want a repayment mortgage until I am 80yrs old .I don't want equity release or lifetime mortgages as it seems like I could be paying out a lot of money and then still have to sell…
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Adding name to share of freehold title
Hi all Just wondering if anyone has experienced this. We live in a ground floor maisonette and share the freehold with our upstairs neighbour (upper maisonette). Leases for both maisonettes are 999 years. Now our neighbour wishes to add her live-in partner onto the freehold title deeds (which currently give the proprietors…
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Builder who paid my deposit went bust!
When I bought my new build house in 2008, the builder paid the 20% deposit and I signed a contract to pay it back after 10 years. In 2012 the builder went into administration and I’ve heard nothing since. Is the agreement now void? Should I just stay shtumm? Any advice welcome, thanks.
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Mortgage overpayment
Maybe a daft question but here I go if someone can help me. I have a mortgage split into two sub accounts (initial amount 180k @ <2% interest) which was from a previous property that I ported across in November. I borrowed an extra 40k @ 4.5% interest, which is the sub account. I moved in November and expected December to…
