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2 houses,sell,or keep only one?
My husband and I have 2 houses,we have been living in both houses with our 6 children,some have now moved out,others are still living with us.One of the houses has come to an end mortgage-wise,it was interest free and we had a massive shortfall.The other house has 65000 repayment (which is up to date)and a few years left…
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Mortgage extension
I’m now divorced,my ex got the house as part of the settlement.the mortgage co won’t release me from the joint mortgage. The ex is responsible for the mortgage. As part of the settlement she received £15k cash. Despite a court agreement to maintain the mortgage she has contacted the mortgage co and they have agreed to…
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Woolwich Openplan offset tracker Mortgage Interest Calculation and offset documents
I am just wondering if there is anyone who has or had an offset mortgage tracker mortgage with the Woolwich ( then absorbed by Barclays ) which was taken out around 2006 -2009. If so does anyone have any guide/booklet or similar document that they were provided with please that explains how the bank calculate the offset…
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Kent reliance
Hi all what is everyone’s experiences with Kent reliance? Have anyone been accepted with them or declined and if so why?
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Remortgage to new lender - interest
I wonder if the situation I have found myself in is correct. My 2 year fixed ended Sat 31/08/2014. I could not complete with my new lender on Friday 30/08/2024 or I’d have had to pay early repayment fee. I could not complete on 01/09/2024 as this is a Sunday. All was perfectly in line and had been for some time to complete…
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Buying a new house when retired.
We are both retired in our early 70's and live in a £300k bungalow (paid for) but wish to upsize to a £800+ bungalow/house. We are looking for an interest only mortgage so that on our joint deaths the new bungalow/house will revert to the lender to pay off the capital since we have no dependants. We have a deposit of just…
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Bad credit mortgage advice
Due to a poor credit rating my partner and I are unable to apply for a mortgage with a high street lender. We are applying to a company who will require a 20% deposit. The property we are considering would be a private sale whereby the present owner has agreed to sell for 15% below the valuation price. Can anyone advise…
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Mortgage interest calculation
I have a tracker mortgage with NatWest. This month my monthly payment was reduced due to the rate cut however the amount of interest I paid was bigger that any of the last three months. Not sure how NatWest worked that out, I would expect my interest to be reduced not the capital. repayment! Is there any way to calculate…
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Any Solicitors on here to tell me if this is possible before wasting my time?
So... heres the score.... I have been gifted my parents full house. Just my dad left now. He has another 2 houses and lives comfortably so doesnt need any other income from that house etc. My plan is to remortgage the house upto 75% of the value and use that money to director loan to my property business so then i can use…
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Do I have to use L&C recommended solicitor?
Hello, in need of some advice as being heavily "encouraged" by both my L&C mortgage advisor and my estate agent to use their recommended solicitor which is stressing me out no end (as an easily persuadable person!) Having looked at the L&C recommendations and their reviews I feel much more comfortable using the EA…
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Lower term or overpayments
Hiya everyone. I have been offered a 2 year fixed mortgage with a 4.77% rate through a mortgage broker, this is reducing my mortgage term from 16 years and 4 months down to 13 years. I have also been offered a 2 year fix with a 4.6% rate from my current mortgage supplier Halifax but keeping the term at 16 years and 4…
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Renewing Fixed deal: two, three, or five years?
Hello everyone, This might be a silly question (I see similar questions been asked over the last few months), but I still want to get your advice - just to decide myself and stop getting worried about it. My fixed deal is coming to an end at the end of December, and I need to think about my options: Value: 177k;…
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Repaying Help-to-buy - Land Registry Deed Issue
Hello, I’m seeking advice on repaying my help-to-buy loan in full before
interest starts accruing in December when my Land Registry Deed isn’t in my
name. I have the funds available due to accumulative savings over the past
five years and can provide transaction history. I’ve paid for a RICS valuation
report, which…
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Does the conveyancer always need hard copies before completion?
I was emailed the occupiers consent and mortgage deed forms to sign and return by post today (Friday) ready for exchange and completion on Monday. Obviously once they have all all been signed and witnessed I will scan and email back. But it says to return by post so I am wondering if I should a) drive the 7 hour round trip…
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income/debt
Hi all, I was wondering what is better to pay off.
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Mortgage offer declined
Has anyone been in a situation where the property they were buying the owners had built on land that turned out not to be their’s to build on in the first place? They’ve tried contacting owners but heard nothing back so indemnity insurance isn’t an option so have asked their lender (Natwest) if they will still lend if once…
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Borrow from mortgage overpayment or liquidate ISA?
Hi - thanks in advance. I have a car and the finance is ending soon. I’d like to keep it and the final payment is £10,500 due 21/10/2024. Currently I repay £230 a month. Personal loans are looking at 6.1% for me. All will be £1000+ in interest. I thought of borrowing from my mortgage overpayment reserve. I have a mortgage…
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Overpaying Mortgage to Reduce Pot but Retain Borrowing Power
Morning, We have been overpaying our mortgage by a significant amount (the overpayment is larger than the monthly repayment) each month since we moved to this mortgage 2 years ago. We are on a 10 year fixed term at a good rate. We are lucky to be in our forever home, have a good stable income and are in our late 30's with…
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Credit history with fully paid accounts affecting mortgage app
I’m wondering if anyone here has an experience with applying for a mortgage with an excellent credit score but not as good credit history. I am looking at applying for a mortgage imminently - £120k joint income, £100k deposit and 1 car loan (my partners) so on the surface we should be ok! However, I have credit file…
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Selling house to pay off mortgage , can we be evicted if it takes too long
Due to major money issues some years ago we switched to an interest only mortgage and have never had any way of paying off the mortgage. It has always been our intention to sell the house to pay it off. Not ideal, but it's all we can do. There is plenty of equity in house so that's not the issue. What I am wondering is, if…
