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Kent reliance shared ownership bad credit
Me and my partner are in the process of getting a shared ownership house. It’s my first home and he’s not owned for 10 years. His credit file is good 800+ and mines bad 649 with some missed payments on a now paid off credit card last November. All our debts are now paid off but because of my credit file the mortgage broker…
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Accord Mortgages Timelines
Hi, just wondering if anyone has applied for a mortgage with Accord recently and if so, what sort of timeframes you had to wait for the decision? Thanks!
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Hurrah! Paying off my mortgage!
Hi folks. After many years, I'm now in a position to pay off my mortgage, I've waited until my deal ends to avoid a £900 early repayment charge, however I've been told by my solicitor that I must use them to have Santander removed from my deeds. Needless to say, this will cost me £900. I've been told I need the solicitor…
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I must be missing something in my repayment v interest only calc:
I'm coming up to remortgage, and wonder if I'm missing something in my calculation on Interest only v repayment.Outside of the inherent risk around Interest only , what am I missing? it makes interest only + investment look like a no brainer? £184k mortgage on £380 valuation. 15year 4.2% mortgage. Scenario 1:Repayment…
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Mortgage coming to an end, may emigrate next year: thoughts?
Current situation: Bought house at £375k 21/09/2019 5 year fixed mortgage at 2% Have been overpaying, down to £231758 owed Need to remortgage pretty ASAP The big question: I'm a Canadian citizen, and for the past two years we've been considering moving to my home town. If that's the case, but we're not sure: What would…
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An equity release mortgage, should they obtain the borrowers agreement before settlement
I'm trying to help someone understand how funds are settled when an equity release mortgage is involved. Here's the scenario: The 20-year interest-only mortgage term has ended, and the original lender requested repayment of the debt. The borrower chose to settle the debt and stay in the property through an equity release…
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Do I qualify as first time buyer in UK if I purchased a flat in Spain but sold it years ago?
Hi. We're looking to buy a property in the UK. Could anyone clarify if we qualify as first time buyers if we owned a flat in Spain but sold it 2 years ago? Thank you.
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HSBC rejected - subjective
I applied for a mortgage with HSBC via my broker 5 weeks ago. Loan: £215k Deposit: £80k (coming from equity in current home) Term: 22 years 5 years fixed rate The application is in my name only but I am married and have a young baby. Husband is self-employed and SA302s show nil due to tax losses but he made accounting…
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I've ordered a sofa and mattress on finance before completion (after exchange)...
Needless to say I feel stupid and am absolutely petrified of the possibly repercussions. For some context – we exchanged contracts on Thu 11th
July with a completion date of Wed 31st July. Wife and I in our excitement
started thinking how we’d furnish the place (we’re coming from a furnished
rental) so went mattress and…
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Gross Annual Salary
Hi everyone, I have been working solidly for the last nine months, and if I base that as my annual salary I am looking at £50,000 But here is my question, before those nine months I was for a month or so in-between jobs, I took my time a little bit as I had money and it was my 40th Birthday Do I need to factor that into my…
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Best type for 6yrs left
Hi, Our 5yrs fixed deal ends in January so we’re beginning to think about our choices (I know it’s way too early for specific products). Usually we get a fixed rate as this helps budget but we will only have 6yrs left to go on the mortgage when we remortgage. We are on an amazingly low rate at the mo so know payments will…
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Paying down mortgage versus investing
Hi All, I appreciate your thoughts on paying down your mortgage versus building wealth for the future? For context, I am 37, have a lump sum in excess of £50k in investments and wondering should I continue to invest money or start to overpay on mortgage. Is there a max you would save in ISAs before reverting to overpaying…
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How do subaccounts work when remortgaging?
Hi All. I have 2 mortgage accounts with Barclays. One is the main mortgage, ends July 2025, rate of 1.5%. We took out extra borrowing for renovations, that ends Sept 2026 rate of 1.9%. When I look to remortgage in July 2025 and if I was to goto another lender, is the sub account automatically considered part of that…
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What to do if I want to change property after mortgage offer
Hello all, This is my first time here and I'm hoping you all could help me here, so here goes ... I'm a first time buyer and my offer recently got accepted on a property, not wasting any time I setup conveyancer and applied for mortgage. Recently I've received my mortgage offer ... My solicitor has also done all the…
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Aviva - Endowment payout 10 years later!
Hi, Yesterday we received a letter from Aviva, telling us that an endowment policy that ended on 13th August 2013 was now available to claim - nearly 10 years after it matured! We have files for every dealing regarding these kind of things and can find no evidence that we have ever been contacted about this before by…
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Do we sell both houses?
We would very much like to move to our forever home. We have a fixed mortgage that finishes in 2026 at 1.5% - about 115000 left to pay. We over pay - (May stop and put into high interest account after listening to Martin L podcast) We have another smaller house that has no mortgage and is rented out to tenants. We could…
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Where to get an interest only mortgage?
My bills and general spending are as low as I can practically get them. Due to medical diagnosis I want to see as much of the world as I can in the next few years. However this requires a more disposable income than I currently have.I have recently got a new job however the increase to my take-home pay is fairly small. The…
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Shortfall balance payment demand from Hessonite
Up until Apr 2012 I had a mortgage with Northern Rock / NRAM. I switched at this time to a new provider. For some strange reason, in the process of changing mortgage provider I was refunded the final mortgage payment I'd made to NRAM (approx £1,000). I then also discovered that NRAM had not been charging me the correct…
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Need help calculating daily mortgage interest
Hi! I recently remortgaged, moving from Barclays to a new deal with Virgin Money. I provided all documents for the remortgage months ahead of time but the conveyancing solicitors (Optima Legal - avoid at all costs!) were useless. Completion took place 8 days after the Barclays deal ended meaning we spent 8 days on the…
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Home Value for Mortage
We have just purchased a property that the last owner had changed from a three bedroom flat to a one bedroom flat. They did this by removing stud walls to make an open plan area. The home report and the value of the property has therefor been based on a one bed flat. Since purchasing, we have reinstated the stud partition…
