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Remortgaging with repossession looming.
Hi Folks After a bit of advice, better late than never. Briefly, hopefully. My mortgage term ended 3 years ago and I couldnt pay it off. I was on a repayment but then went through bankruptcy and switched to interest only. I managed to hang on to the house at the time. In the intervening years I have retrained and worked…
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Nationwide Helping Hand & Mortgage Broker Finder
My sister is thinking about applying for a Nationwide Helping Hand Mortgage, the online calculator shows that she could be loaned more. Does anyone have experience of Helping Hand? Is it best to apply direct or through a Broker? If she is declined, then I will apply for her for a standard mortgage, but my only income is…
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Overpaying mortgage calculator
I may have been searching wrong, but is there a calculator [pref excel] where I can get a month by month breakdown of my owings on my mortgage and put in lump sum overpayments to show what the new payment would be? I don't want to shorted the term as yet, and won't be able to afford to overpay for a while, but I'd like to…
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Two people with two properties
Good afternoon Everyone i was hoping to get some advice please i currently own a property with my previous partner and am trying to assess options. My current fixed term mortgage ends in 9 months. My new partner also owns a property herself and has 4 years left on her fixed term mortgage. Is there anyway in which she can…
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Severing a joint tenancy
My ex partner and I bought a house together. I paid the deposit and have always paid the mortgage myself. The bank won't allow me to take on the mortgage myself, even though I can afford it. Can I at the very least sever the joint tenancy will they be informed? Can they force me to sell and is there anyway to ringfence my…
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Mortgage Fee - when best to pay
Hi all I have just moved to a new product (5 Year Fix with Virgin) which come with a £995 fee which I initially chose to add to the mortgage rather than pay up front. Is there an optimum time to pay this £995 fee in one payment? Am I correct in that my monthly payments will be reduced and not the term? Thanks in advance.
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First time buyer in London
Hi folks, My partner and I are planning to buy our first property in London (likely a two bed flat in North London for 700k-800k). My questions are: - Does it probably make sense to wait for whatever Labour will announce first-time buyers? - Is now generally considered a "bad" time to buy due to high interest rates? Is…
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Decision in principle, but all of a sudden, credit score drops
Hi all, after 5 years of continued domestic and financial abuse, I finally broke free 3 years ago. Embarked upon a debt management plan and in April this year, I became debt free 🥳 The credit card company completely removed arrears from experian/equifax etc. For reasons unknown, the loan company never showed on either.…
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NRAM THEN HELIODOR
Hi, I think this is similar to the 'mortgage prisoner' type thing - I am just wondering if anyone else has been stuck with Heliodor, I am sure the interest rate they charge on my Interest only mortgage has been too high all along and would like advice as to how I can go about checking on that and hopefully, doing something…
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Eligibility for Retirement Home for Live In Parents
My fiance and I are finally looking to buy a new home but are restricted in London because of our salaries. We've looked at different options such as renting somewhere else which is larger...share ownership...what we can buy.... We've always wanted to have our own home so buying is our ideal route. I've seen properties on…
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Benefits and getting a Mortgage
My sister and I want to buy a house (currently renting) she earns £37,099p/a with a full time job she has been in for 20+ years. I am on long term (10+ years) Employment and Support Allowance I receive £8,270p/a. What banks would accept benefits and is it best to go through a Mortgage Advisor? I've had debts written off in…
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Previous Debts and Mortgage Lender
What is the chance of securing a mortgage with a lender that you have ever had a debt management plan with? My mortgage advisor has found us a mortgage with Natwest, but for the life of me, I can't remember if I had an IVA, with them included, about 10-20 years ago.
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Auction property mortgage downvalued options
First time buyer here. I've just had my mortgage declined due to a downvalued valuation as the loan to value exceeds the product I originally selected. I have already paid a £5,500 deposit on a £110,000 auction that has now been downvalued to £106,000. I'm just wonder what my options could be going forward as I have a…
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Mortgage LTV bands and getting cheaper rates?
Next year I will be renewing my mortgage as my first 5 year term comes to an end.... I have a LTV of 24%.... Do LTV's work in increments of 5%? So in theory would I need to get this 24% down to 20% to trigger the next best mortgage rate? Curious to know so I can decide what overpayments to make before my current term ends.
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Endowment Policy Advice/guidance
Hi All, Just looking for some advice/guidance regarding a Endowment policy that is due to mature in 2 years (April 2025) The policy was set up to cover an old mortgage of £31k and set up with Allied Dunbar (Now Zurich and called a Homeowner Plan) and the policy is on track to mature at approximately £32k. The current…
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Aip taking over a month?
Hi everyone I’m wondering if someone can tell me if this is normal I’ve been speaking to a mortgage broker regarding a joint borrower sole proprietor mortgage, they have my details and the other borrowers details It’s been a month now and I’m still waiting on affordability/agreement in principle being sent over, is this…
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Should I re-mortgage now when rates should start to fall?
Whilst my standard variable rate is unbearable and costing an extra £500 per month, I'm just wondering if maybe seeing to out till the 1st of August to see if there is a rate drop.
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Mortgage payments reduced (Halifax)
Halifax have annoyed me. For the last few years while interest rates have been low I've been making overpayments on my mortgage. I was allowed to overpay by 10% of the balance at the start of year without starting to incur ERC, and I maxed that out. But this meant that once I'd put the 10% sum in, I was technically…
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Mortgage broker major error
My broker advised a new mortgage with a new provider 4 months before my mortgage was due to renew. It was a 2 year fixed. However, a few weeks later they said that it would be a better deal to renew with my existing provider. I agreed fir them to arrange this. I have subsequently discovered that they have accidently moved…
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First Timer Buyer Rule Clarification
Hi all, Always appreciate your input :) If I own a home but it was deed of gifted (at a lot of cost to me) does this count as me buying my first home? Am I no longer a first time buyer? So, I'm trying to help my sister out buying her own place which she cannot afford at all but I didn't actually buy a home myself, are both…
