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Shared ownership / sole applicant
Hello! Looking for some advice really.For context, my other half (not married) has applied for a shared ownership property in his own name. Everything was going great & mortgage approved in principle as a sole applicant - informed the mortgage broker and the development owners it was 2 tenants under a sole mortgage and…
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Mortgage options for retirement
Hello, I am currently unemployed and 61 years of age with no children. I have a small mortgage of 19k (house is worth about £515K). As I have made over payments on my mortgage I am using this to live on which isn't ideal as my monthly payment are gradually rising (currently £250 pcm) I tried to sell my home to downsize but…
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ILR without a valid passport
Hello, my partner and I put down an offer on a house as a first buyer and got accepted for it a week or so ago. My partner is born and bred British, I am a foreigner on Indefinite leave to remain, which is a permanent settled status. The mortgage adviser we are talking to is unsure if it will be accepted by the lenders, as…
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Mortgage Overpayments Paid To Interest
Hi I have recently paid off my mortgage by making a number of large and small overpayments. I asked for a breakdown of the mortgage overpayments, and noticed that a portion of every overpayment was paid to interest and not to principal. Before making any overpayments I asked Nationwide how the overpayments would be applied…
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Remortgage with Barclays
I'm Remortgaging with Barclays which is my current Lender, I've applied for additional borrowing but Barclays is taking for ever constantly requesting additional paperwork. At what stage will they do a property valuation or would they not do a property valuation as it was done 5 years ago by their selves? Thank you all in…
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RTB and MIP without valuation
So we put in for the right to buy our council property at the beginning of November after hearing they were stopping the discount on 21st Nov. Not heard anything since so sent an email in to say they've received application but need a mortgage in principle. Here's where I'm stuck. How do we know how much mortgage we'd need…
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Help2Buy 20% - Pay them off with re-mortgage
Hey all, Any of u been through the process of paying off H2B ? if so, dont suppose you recall any/if you had to pay extra fee's when doing so ? 1st time buyer 4yrs 8mths ago, used Help the Government 20% scheme. Fixed term is coming to an end in a few months, so will need to remortgage to pay off H2B, and also secure a…
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Mortgage Overpayment
Hi. We currently have a mortgage outstanding of £34k approx. Our fixed term is about to end next month. With our current provider we can overpay up to 10% of the outstanding amount without incurring charges. We are looking for a provider who would allow is to overpay 20% or so without charges. Ive serached online but cant…
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Nationwide mortgage
My partner has been turned down by Nationwide when she tried to remortgage to get some money for home improvements. They said it was because I had a dro 3 years ago. We do not live together and have absolutely no financial links. There's no financial link on either of our credit reports. She has almost 250k equity in the…
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Mortgage appointment
Hi. I have my mortgage appointment this weekend with NatWest and looking to get more information on what exactly will happen and what questions will be asked. I had a credit card debt which I paid more than the minimum on each month and eventually paid off in full in March this year - will they question this at all and…
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Mortgage Renewal - Do I wait until the 19th December announcement?
Hia, I fell foul on my last Mortgage Renewal because I stupidly didn't choose a 5 yr fixed plan when the mortgage rates were seriously low a couple of years ago (I didn't even realise they were low), so I'm now super alert to watch interest rates and inflation a little more carefully moving forward. So my question is: My…
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Re-mortgage or pay it off??
Good morning, my fixed mortgage deal of 1.84% comes to an end at the end of this month. I have been saving hard and have enough to pay off the mortgage in full when it ends but currently getting 5.17% interest on savings and can re-mortgage for 4.27%. - £98K remaining balance. My question is with the prospect of inflation…
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Mortgages for the elderly
Does anyone know if it's at all possible to get a mortgage in later life please? I'm approaching 80 and retired but looking to move from an house to a bungalow. Bungalows now seem to attract a premium price so I would need a mortgage or similar to pay the difference. Any help or advice would be greatly appreciated.
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Remortgage to BTL advice please
Hi. I have a house i rent out, i would like to remortgage on a BTL mortgage. I earn £7800 per year from the rent and a similar amount from other self employed income. I just wondered do you think I would be able to qualify for a BTL mortgage with this income level? i have read about no income BTL mortgages although i do…
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Building Survey, buying without a mortgage
Hi, I sold my previous home, and as I am downsizing will be able to buy without a mortgage. My offer has just been accepted (woohoo!!!) on a semi-detached built in the 1950's. I would like to get a RICS surveyor to do a structural survey to know what I am getting into, and whether there is are any structural issues that…
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Cost of Living Mortgage Support - Adhoc payments
Recently lost my job and applied for cost of living mortgage support (Interest only payment for 6 months) I now have working as self employed and have recieved a relatively good payment this month. Can I make a one-off payment to my mortgage to reduce the outstanding amount? Not ready to cancel the support as future income…
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Do I need a mortgage advisor or a financial advisor or both?
I'm currently looking at buying a property and I would like some advice on how best to proceed. When I say advice I am happy to pay for it, with an initial free consultation to understand if it's worthwhile paying for the more extensive advice. I'm just not sure if I should be speaking to a mortgage broker or financial…
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1st time mortgage
Hello all did post on a other bit of this forum but was advised to post it here, my wife and I are looking for our 1st mortgage but we have a few questions, 1. We have no to very little deposit at the moment so are looking at a 1% deposit one or the Skipton track rate mortgage will this hinder us? 2. My wife is being made…
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FTB with cc debt and BNPL
Hi all Partner and have a DIP from broker and I declared all CC debt and due to other factors such as a good deposit and good income we still got a good deal. I plan to clear off the bulk if not all cc debt before completion. However I didn't declare Klarna approx £300 total (smaller payments here and there) coming out…
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Buying a home with my Partner
My Partner and I are buying a house together. This will be funded with 50% from me in cash and 50% from my partner will be a mortgage and equity from the sale of her home. Figures wise the house we are buying is £400k, I will put £200k cash in and she will put in the same made up of £120k equity and the remaining £80k on…
