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How to get current home value from Barclays
Hi! We're looking to remortgage in November and want to pay off enough that we can hit the 75% ltv rate. Does anyone know how we go about finding the value of our property as online valuations seem way off. We're with Barclays and have been told it will be a desktop valuation as it's only a rate switch. Thank you
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Mortgage finances advice - moving in with parent & debts
I wondered if anyone can help with this situation? My elderly mother and I are planning to sell our individual properties and move in together in a larger house. We've found one that is perfect with an annexe for £450K. Her property has already sold for £335K. She has £120K equity release to pay back from this, so a total…
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How bad are our chances?
Due to a rent increase, me and my husband are considering shared ownership to get on the property ladder. Yes I know it’s not ideal, but even with rent + mortgage it will be less money than the new rent amount, for a bigger, better house that we don’t need to ask permission to decorate and that is more secure. We would be…
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Freehold property subject to a leasehold on the basement flat
The fixed rate on our Halifax mortgage is coming to and end
next year, so we were just thinking about options when it comes to finding a
new deal. We have a bit of an unusual setup. Our building is
essentially a semi-detached house with a basement flat which has its own
separate entrance. We own the freehold for the entire…
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My monthly payment amount
Hello would appreciate some advice on how Halifax have come to this figure for my monthly mortgage payment as I’m shocking at maths to be honest….. So as of today….. Term remaining 4 years 10 months Outstanding balance is £27,743.03 Current payments are £587.69 on the 28th of the month Current interest rate is at Halifax…
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Nationwide mortgage issue following valuation on old cottage
Hi, so we're in a bit of a muddle and wondering if anyone has been in a similar situation and can offer some reassurance/share some advice? We've had an offer accepted on a small converted barn (converted about 10 years ago), solid walls of flint with some brick. Valuation survey said we needed further surveys on damp and…
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Floating deed of trust Unequal share of
I am looking for a fair way to distribute the potential profit of selling a property we currently live in. We are looking to sell current property and buy another property, but there is a potential for us to make a profit on the current property which we want to sell. We bought a property for £200,000 Deposit £20,000…
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House sale and proceeds. Please help
I hope you can help on my below questions for my husband who has just sold- at point of exchange- his house in his name. Our current home is in my name. Bought for 230k in 2012 and just sold for 575k . Mortgage 110k remaining. He is looking for advice on what to do with circa 400k next year. He has a mortgage with Barclays…
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Renegotiate deal after agreement
Hi, it's been a while since I moved - had forgotten quite how long it can take! We sorted out our mortgage about a month or so ago, 4.87% on a 2 year tracker, no fee, as the best option for our situation. The survey has gone through, and the mortgage approved. Time has moved on, we haven't got an exchange date yet (though…
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Overpayment - What happens when the overpayment reserve exceeds the outstanding balance?
Hi, I have a reasonable overpayment reserve and its getting to the point where the outstanding balance will be less than the overpayment reserve. I am assuming, at that point, there will be no balance to charge interest on so what happens at this point and what are my options?
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Ground Rent Increase
My mother lives in a flat where the ground rent has been £137 for the last 6 years.She has recently received a letter from Premier Estates asking for an Extra £70 as an increase. Is an increase like this allowed. See below re their wording.Do I need to check anything? Can you appeal? Your lease of the above-mentioned…
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Mortgage in two-parts, which should I overpay?
Hello! We recently moved house to a more expensive property and had to take out some additional borrowing (referred to as 'part two' of our mortgage) to cover the costs. Our 'part one' is coming towards the end of a fixed 5-year rate (ending in April 2025) at 2.17% and the new 'part two' is fixed for 2-years (ending in…
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Pepper mortgages
Has anyone any experience with taking out a mortgage with Pepper? We have had a hard search done on our credit files on the day of application and are waiting on an offer hopefully today. We have had a security call etc and are now just patiently(or not so!) waiting! My question is, are they likely to do another credit…
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Can I have money from a home sale sent directly bu soliicitors to a joint savings account?
Can money obtained from a home sale ( joint mortgage) get sent by solicitors directly into our joint savings account? We don’t have a joint current account. I have given my partner’s sole account for now do you think solicitors will have any issues with depositing it into a sole account? We don’t really mind where it goes.…
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Will a new phone contract affect my mortgage?
Hello, I have (stupidly) recently taken out a new phone contract not really thinking about the implications on my mortgage which has already being approved - I am in the process of completing on a flat. It was just a small upgrade (£10 a month to around £30) and now I am worried whether this will affect my mortgage? I have…
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Advice needed about 5 year fix term ending soon, and moving to a more suitable house.
Hello Everyone My wife's 5 year fixed term mortgage deal is due to end in November, at that stage we will owe around £14,000, can we just phone our existing provider (Bank) and ask them to continue taking their payments until it is fully cleared. The wife took out a 9 year mortgage on November 2019 on the house valued…
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Timing a remortgage with Early Repayment Charge
Hi, I'm looking to remortgage with a new lender (NatWest) for a much better rate + for some additional borrowing. I have an AIP from NatWest and we're about to go into full application. My existing fixed mortgage has an ERC of 3% up until 30 Sep, which drops to 2% on Oct 1st. Is it possible to go through the full…
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Ex threatening to not pay mortgage and bills
I have been trying to leave the person I own a house 50/50 with however he is threatening that he will not pay his half of the mortgage and bills if I put our house up for sale. This is an attempt to stop me leaving someone who is verbally abusive and aggressive to me daily. I told him this would result in our house being…
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mortgage on head lease/under lease flat?
Long-time lurker, first-time poster here, so thanks for bearing with me and this long post.... I've identified a 1-bdrm flat I want to buy in east London and had an accepted offer. It's a maisonette in a row of Victorian red-brick purpose-built flats. It has a lot of features I've been seeking--large, eat-in kitchen, end…
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Remortgage or go on to Tracker/Variable Now?
I've always opted for a fixed rate mortgage but I would like to move within the next 2 years. I am wondering if to opt for a tracker or variable rate for the first time in anticipation of a reduction in rates and to avoid exit fees if I choose to sell sooner rather than later. Alternatively I see no reason why I couldn't…
