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Mortgage for 19 Year Old
My daughter is looking for a mortgage on a home. The LTV is 37.5%. The mortgage is roughly 2x her income. She has 3 people who can act as guarantors. The home does not need any work doing on it and it is good repair. Please can anyone direct me towards a broker or provider who deals in these sort of mortgages. Thank you in…
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First Time Buyer - First Direct
Hi Has anyone as a first time buyer used First Direct for their mortgage and if so how smooth and timely was the process?
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Mortgage Offer Extensions
So buying our first home has been the most stressful experience... and continues to be. (I know people always say it is, but it really shouldn't be this stressful). Anyway... we're having to put in an application for a mortgage offer extension as the new build the current occupier of the home we are buying has been…
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Mortgage provider requesting damp and timber survey
I am a FTB with my partner, buying in the south east. We found a 1930s property with tons of potential, it's a probate (granted) property which the owners want to sell asap. Ended up with an accepted offer 35k less than asking price (after already being reduced by 35k). The property needs modernisation and some work…
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Mortgage application
Hello, put an offer on a house a few months back and my partner and I were approved for mortgage with 6 month offer. The house sale fell through and we currently only have 7 weeks left on the current mortgage offer. At time of first application I had been utilising my overdraft facility which would have been seen in the…
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Advice
We have recently had a critical illness payment. However, payment doesn't cover the full mortgage. Owe around £90,000 on the mortgage. 9 years 11 months. Will still owe £30,000 after paying credit cards. In a fixed deal till Feb 2027. I'm not sure what the best way forward is due to Early Repayment Charges.
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Paying off Mortgage in lump Sum
Hi is it possible for someone to give me some advice. If i have come into some money, would it be wise to pay off my Mortgage all in one go?
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Halifax Overpayments
We have a fixed rate mortgage with Halifax until January 2028, and after we were both promoted at work decided to overpay on the mortgage by £150 month. I have also recently started using the sprive app to generate additional overpayments. We’re allowed to overpay by 10% a year and are well within that. We recently got the…
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Bridging the gap between house sale and purchase
We are currently mortgage free and have some savings. Ultimately we will use the money from the sale of our house to purchase a house that we are looking to buy. My question is what is the best way to borrow some money if we need to complete a purchase before our house is sold? We could put a 100k deposit down and then…
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Mortgage deal advice
Any advice below? Thinking of locking in for 2 year but interest to see what people think Current - £530 a month 2.7% fixed New deal 2 year fixed £626.73 4.35% 2 year tracker rate £623.53 4.30% 5 year fixed rate £619.06 4.23%
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Mortgage for the older couple
I am 73 and my partner is 62 and we are trying to understand what our options are with regards to mortgages. We are both employed. Looking to buy a £300k property and have £100k deposit available. Is the governments OPSO scheme the best option.
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Mortgage eligibility
Hi, I am likely to apply for a mortgage later this year. Currently I am mortgage free (we have paid off the loan on our existing property), but we are separating, so selling and splitting the proceeds. Currently I put a large amount into an ISA every month, but going forward this money is earmarked for my new mortgage. My…
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Staircasing & stamp duty
Hello, please could someone advise if my understanding of the application of the rules is correct. In May 2022, I completed on a purchase of 25% (£126,250) of a shared ownership leasehold flat with market value of £505,000, as a first time buyer. At that time I chose not to pay stamp duty on the full market value, so to…
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Obtaining The Charging Order Amount Against Property
I am attempting to find the amount of the charging order set against my property. It dates back to 2012 with IDR Finance UK
Limited. I have got a copy of the Title Register for the property, but it doesn't list the amount of the charging order. I no longer have any of the paperwork relating to the charging order. My real…
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Advice on transfer of equity/remortgage
Hello, I am looking for some advice please. I have a joint mortgage with my husband, we owe £117k and have £156k equity, with 22 years left on the mortgage. We would love to borrow £50k to consolidate a few debts and then invest in a new kitchen and bathroom. The issue we have is that I am in a debt management plan which…
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Tracker mortgage rate adjustment
I have a tracker mortgage and my bank has not yet adjusted the rate after the December rate cut. How long does it usually take? I pay may mortgage on the first of the month. I already paid with the previous rate in January.
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Releasing Equity for home Improvements.
Hi We have lived in our house for 25 years, we're mortgage free and both retired. Our house cost £150,000 and is now 'worth' £500,00. When we moved in the house hadn't been updated since it was built in the 1950's, so during the first few years we added a brick garage with a 4th bedroom and ensuite, as well as a…
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Will trust and equity release or alternatives ?
Hi, dad deceased and left half family home to me and sister in trust. Elderly mum is in care at home and we need to raise some funds to contribute to financing care. Her savings are steadily reducing to local authority threshold but it’s unlikely their help will cover care costs we feel are needed. equity release broker…
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On a tracker 3.99% for 18 more months, fixes are 3.75-3.9 for my LTV. Wise to stay on tracker?
For at least the next year as rumblings of BOE reducing to 3.25 by year end....
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Mortgages in Retirement
Looking for some advice, I'm looking to retire this year ( aged 62 ), I'll have a couple of DB pensions, but am looking to utilise a SIPP on draw down for 5 years till my SP kicks in. My wife will do the same until hers kicks in. We should have a net income of £36k, however for mortgage AIP calculator it only comes out at…
