-
Does wiping out debts through Appealing affect my chances at getting a Mortgage?
I have 3 depts: HMRC late filing fees (I do not owe any taxes, and I have now completed my self assessments) Energy bill Student loan I stand a reasonable chance to clear my HMRC late filing fees, and potentially reduce the amount I owe to the energy company who has sold the case to a dept agency. The student loan…
-
NatWest Milestones
Hi all, I've just checked my online tracker for NatWest and can see that the Assessment has been marked as Completed. Does anyone know if this is NatWest willing to give me the mortgage? I only ask because they've only asked for payslips and no bank statements.
-
Sell or rent only home
I'm planning to move in with my partner who has her own place like myself. I have 3.5 years left on my fixed mortgage and am already on the 40% tax bracket. In time, perhaps in the next 2 years, we would look to buy a house together. My question is what should I do with my property. I imagine I'll have to pay 40% on any…
-
Self employed mortgage 1 year accounts
I am self employed 3 years, first year profit 16000 second year profit 20000 third year profit 410000. I want to get a mortgage for 180000. Is this going to be possible or will I need to have two years at 41000?
-
Mortgage Broker concerns
About 16 months ago my son and his partner wished to buy a home together. My son had no debts but she had £23,500 worth of debts in her name. Her father is a mortgage broker and said he couldn’t get a mortgage for them because of her bad credit history. He said if my son took out a loan and paid off her debts then he could…
-
Conveyancing - different solicitors for ID verification?
Me and my partner are currently going through the process of remortgaging so I can go on the deeds of her house and both our names will be on the mortgage. We have a conveyancing solicitor, same one as she originally used. But they've said that I'll need to use a different solicitors for ID verification. It seems a strange…
-
Damp and Timber Report Quotation
Hi all. I'm currently in the process of applying for a mortgage via NatWest for an auction property. It is up to the valuation stage and they requested a damp and timber report. I got the report yesterday with "The presence of rising dampness to accessible structural ground floor walls" along with a quotation of £3,000 to…
-
Nationwide Mortgage
Anybody applied with nationwide recently Text: 8th July Hi, Nationwide here. We've received your mortgage application. If you're an existing customer switching to a new deal, your switch has been accepted.
-
Is my complaint against FirstDirect/HSBC unreasonable?
I just wanted a 3rd party opinion on this. I had a complaint against FD which the Financial Ombudsman which has entirely found against me, but I just can't see their logic and find it very frustrating. I applied for a mortgage with First Direct last year. They charge a £490 fee and say the following about it in their T&C:…
-
When interest rates come down, can I switch?
Hi, I got my mortgage in October last year with an interest rate of 5.6% and I’m fixed for 5 years. This is affordable but as and when interest rates come down, is there any way for me to take advantage? For instance if my lender has a better rate than I’m on, would they allow me to switch? Apologies if it’s a silly…
-
Gifted deposit from parent's partner
We are receiving around 40% if our deposit from my parent's partner and have stated, on advice from our mortgage broker, that they can be titled as stepfather. We have the gifted lender signed and relationship is stated as stepfather. Application has been sent to HSBC. Everything fine so far but wondering if we will run…
-
Mortgage valuations on “fixer-upper” properties
Hi all, I am a first time buyer applying for a mortgage on a probate property in need of a full renovation. My question is related to how lenders assess and value houses that are in a state of disrepair. More details and context is below. The property has a working electricity, running water, central heating, and a kitchen…
-
Owning our house outright & getting a mortgage for renovations
Hi, first time poster here - sorry if this has been asked before. Basically we own our house outright (left in a will from grandparents). It is a small 2 bed bungalow and as our family is growing, we need to extend the house. We are looking at a sizeable extension (basically building an extension the size of another house)…
-
Mortgage vs Overpayment confusion
Hi My mortgage is currently £331066 with 16 years left. It is fixed on 1.27% for the next 2 years. If I can save £1500 a month - am I better off putting that in a 5% savings account and putting the saving off the mortgage in 2 years time, or should I be doing the overpayments directly to the mortgage each month? When I do…
-
calculating amount when switching mortgage provider
Hi there, first time MSE forum contributor and first time switcher. We decided to switch providers when our initial period ends in November. The current mortgage is a fixed rate. How do we find out what will be left to pay when the initial period ends so we borrow the right amount?We know who we want to go with, etc. We…
-
Do I Cash In My Conventional With Profits Endowment ?
I have a 35 year (Conventional with profits) Endowment plan with Prudential that matures in December 2024, but I am unsure if I should cash it in early ?, the reasons are ..... Originally this was for a 58k mtge, but because it was falling well short I had to take out a repayment mortage, but kept this plan going (Because…
-
Best option for fixing when selling in ~one year
Hello, I currently owe ~£380,000 with Halifax and my fixed rate is coming to an end in October. I am hoping to sell within 1 year so I don’t think a 2-year fixed rate mortgage is a good option for me as will need to pay an early repayment charge. Is a tracker mortgage a good alternative? So far I have not taken any action…
-
Kensington Mortgages
I am after a little advice for anyone who has used Kensington Mortgages. We have gone through the process and today been told they've instructed for valuation. How long does this usually take on a new build property?
-
Bridging loan vs short-term mortgage vs ISA savings
I've found a house I like for £500k. My current house is mortgage-free and worth £170k, it's not ready to sell but should be in 3-6 months. I've £400k in easy-access savings and £100k in ISAs. To buy the new house now I could either: - Use up all my savings and ISAs. But that would leave me with no emergency fund until my…
-
2 Yr or 5y mortgage ?
Hi guys My friends mortgage comes to an end next week with natwest. She will most likely remortgage with them again. She's thinking will it be a better idea for it her to go for a 2 Yr or 5 Yr fixed rate. .. is rates supposed to be dropping next year or so? Also what thinks should he ask her adviser ? Or look out for?…
