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Changing ownership required prior to new mortgage?
Advice needed for selling current house and new mortgage. My wife and I moved in with her parents and paid off the remaining mortgage on their behalf. The property is now mortgage free and in her parents name. Our intention is to sell the house we are in (in her parents name) and use the money (about £200k) as deposit on a…
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Mortgage Affordability Checks
A friend made a joint mortgage application during the early 2000’s which was approved. The mortgage was used to buy a flat using a tracker interest only mortgage. During the early years of the mortgage it was affordable as the interest rate was <2.5% However after approximately 10 years the parties broke up and the main…
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Remortgaging / Equity Release ?
Hi, I could do with some help ! I live in a little cottage that I have bought and the mortgage is finished now. I am thinking about buying a plot of land to put a log cabin on to live in instead - my little cottage would be turned into a holiday let. My question is how do I get the equity from the cottage to fund the log…
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Lifetime Mortgage OR Retirement Interest Only Mortgage
My mum is 91 owns her own home outright but is burning through savings at a rate of £3.5K a month paying for 24x7 live in care. Probably only has a year or two of life left due to health conditions. The savings pot is now down to 20K which means in 5 months she will no longer be able to afford care. I am of course looking…
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Re possession
My house was repossessed in Oct 2012 and sold off via an auction .I was informed it was sold for less than i owed . I have had no one contact me for any outstanding money. How long will my name stay on any lists for. can i apply for a mortgage again now with my husband????
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Mortgage, maternity leave and agreement in principle
Hi All. Family member of mine interested in getting a mortgage and buying a house. Current situation is towards the end of 1yr maternity leave going back to a job of nearly 20 years for a big company in March. The deposit level will be quite large anything up to 60% of purchase price but realistically probably use a lower…
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Mortgage partial payoff OR keep saving into an ISA
I was quite lucky and got into the housing market with a very small mortgage, before house prices went crazy. I now have in an ISA approx 80% value of what I need to pay back to the bank for the house purchase price. My mortgage was an interest only with a stocks/shares ISA setup to pay back the lump sum. So, should I…
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Getting a mortgage after a DRO
Hi just looking for some advice. I have recently entered into a DRO and the moratorium period will end in August 2025. I know this will impact my credit file for 6 years however in looking forward, I have been researching mortgages, shared ownership etc. I was under the impression that I wouldn’t be able to get a mortgage…
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Product Transfer Process
Good evening, i am hoping someone can give me some idea of the product transfer process with Nationwide as i understand it i will receive an offer 4 months before and should i chose to stay (which i plan to) i can either log in and accept it myself, or speak to an advisor and move onto the rate when its up, i can also i…
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lifetime mortgage
my mother signed under coercion from my deceased father a life time mortgage in 2009. my brother and i were not aware at the time. paying 6.9% compound interest the amount owed is now nearly the same as the value of the property. how can 6.9% compound interest since 2009 be in any way deemed as fair?
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Can I be added to a BTL mortgage?
Hi, my partner has a BTL mortgage on a property and we've been discussing adding my name to the mortgage. Is it possible to do this and, if so, how would we go about it? Tia.
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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%…
