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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…
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Helping daughter with house purchase
Looking for advice on how we can help our mid/late twenties age daughter out with a house purchase. She has recently become self employed and doesn’t have any proof of income to speak of. Hopefully that will change as she builds her business up. She has been renting with her partner (a low earner, not in a position to get…
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Restrictions on nationwide repossessed house and mortgage with Natwest
Hi, I could do with some advice, I am trying to purchase a house that is being sold through an estate agent. It turns out the house was repossessed by nationwide. I had my previous mortgage with Natwest 20 years ago and they had approved my new mortgage for the house I want to buy now.and I had my offer letter. I…
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Mortgage at 68yrs
My HSE is wort between £ 280,000 £ 300,000. I would need approx£ 94,000
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Do all parties need to consent to sign-up to a new fixed rate or can one refuse and halt any changes
My partner is still tied to an existing property and mortgage with his X wife. The property is up for sale currently. The mortgage has reached the end of the fixed rate deal and the X is looking to set-up a new fixed rate. This could have exit fees which would be payable when the property sells. My partner does not want to…
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Mortgages - Paying a little bit extra
Hi Everyone First time poster here! I had been in the lucky position of overpaying 10% of mortgage last year. I only overpaid 10%, to avoid paying any fee's. I received a letter from my bank telling me that my monthly payment is going to reduce. I contacted them stating that I wish my over payments to reduce the term of my…
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mortgages
I am on an interest only tracker mortgage with fixed margin of 4.09% until the term ends . My base rate on my offer is no more than 1% above the bank of england base rate . my mortgage is a Kensington KSVR . we were sold to engage credit in 2022 . even though in my offer it states i have a fixed margin today my margin was…
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Natwest product transfer rates for existing customers?
My fixed-term deal with Natwest ends on June 30th. My broker encouraged me to apply with another lender asap to ensure I had an affordable offer available to me, in case rates rise. They submitted an application to Nationwide for a 2 year fixed term deal at 4.34%. I was under the impression that all Nationwide products…
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Bluestone Mortgages & Overdraft
Hi All, Just looking to see if anyone has relevant experience to mine and my partners experience. We have had an offer accepted on our dream home and got our DIP within 10 minutes of applying to Bluestone Mortgages through our broker. Both of our credit scores are in the poor and very poor range (hence our broker…
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mortgage application - credit advice
want to purchase a new house - we have 252k equity and the new property is 500k i earn 58k , partner earns 21k don’t think the lending is an issue - but my credit score has taken a dip due to taking out a credit card - paying for a holiday - and then clearing the card, but i also took out a 5k loan in Nov to consolidate a…
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Mortgage change and first time help to buy scheme
Hi All, My son is splitting with his wife. They have a mortgage with a first time help to buy scheme. Since my son would like to stay in the house and not sell and if we are able to give the DIL her portion of the money she would have got from selling the house is it legally possible to remove her from the mortgage…
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Mortgage overpayments confusion
We started a 5-year fixed rate mortgage with Virgin Money in 2023, and we are looking to make monthly overpayments (around £200). Checking the documents and one of their points: What does "We can't guarantee that we will be able to honour your request, but we will try." mean? Does this mean that when we phone them, they…
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Mortgage - Prior year self assessment mixed income source
Hi there, I'm currently self employed and looking at moving home and taking out a new mortgage. In April I will have 2 years self assessments which have been files, the current year will be 100% self employed income, the prior year was around 50% employed and 50% self employed. When it comes to affordability and lending…
