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Mortgage lender that accepts universal credit housing award
Hi, I'm currently in the process of trying to get a mortgage but need the lender to take into account the housing element of my universal credit. Does anybody know of a mortgage lender that accept this?
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Lifetime ISA and rent-a-room scheme
Hi, I have been saving for deposit via the Lifetime ISA. I am not in a relationship but hate living on my own so would be keen on renting a room out when I purchase a house and this will also help with mortgage payments. The only thing is, I know you can't rent out your house when it's bought with a LISA. Is this the same…
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Ask seller to extend lease before buying
Flat on the market with 82 yrs lease. In ad EA mentioned seller is considering extending the lease. Shall I believe the EA or how will I know this will happen and the queries to ask EA. I read it can take up to six months. Anybody been in this situation and offer advice pl? Will do a viewing next week, what are the…
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Borrowing More
Hello All, We are looking to borrow more on our existing mortgage to convert our loft into two bedrooms, as this is cheaper than moving. We are currently on a fixed-rate mortgage with Halifax for 5 years, which ends in December 2027. If we were to borrow more, the current fixed terms offered by Halifax are either 2 or 5…
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Investment Shares + S&S ISA
Hi! I currently hold a large number of shares in the Company I work for as part of a benefits package (~50k). Does anyone have any advice on whether it would be prudent to cash in the shares that are available and put into a stocks and shares ISA so I have a diversified portfolio? I haven't done this previously but trying…
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I've lost my UC payment as I've bought a Shared Ownership property
Hi, I have just found out that I have lost £164 a month from my income from Universal Credit due to purchasing a Shared Ownership Property. I knew nothing about this and didn't even think to check as I declared everything to my mortgage advisor and mortgage lender, so according to the advisor at TurnToUs they should have…
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Buying Partner out of owned property - advice needed
Hi My ex partner and I own our home as 50/50 Tenants in Common. He brought in on my property but it has not worked out. We have agreed that I will pay him what he paid in initially 165000 Property value - 330000 payment I need to make to him - 165000 my salary: 44669 No debts/loans i have savings of 20000 my age: 52 2 x…
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Elderly parents can’t pay the bills
I’m very worried about my Mum and Dad, they are in their 70s and have no money. They are paying over £1000 per month on their mortgage, interest only, which is their biggest outgoing. They are living off their pensions which don’t cover their bills so have started using credit cards which are now maxed out. They can’t…
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Mortgage term ending
Dear all, I am not sure where to start! I am trying to help my parents concerning their mortgage. Please no judgement as I do not think my parents are particularly finally savvy hence the mess that they are currently in. My mum is in her 60s and my dad in his 70s. Their mortgage term has ended this month, but they are not…
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DMP & Low Equity - remortgage or sell?
Short version: Fixed-term interest mortgage is coming to an end. Struggling to remortgage due to DMP. Low equity due to Secured Loan & Help to Buy. Long version: Bought a new build in Sep 2019 for £120k, which is coming to the end of the 5-year fixed interest rate. Moving onto SVR with current lender means paying an extra…
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Porting a mortgage with changed circumstances
We are currently living overseas on a diplomatic posting and want to sell our house and re-buy in another area. We don’t want to increase our mortgage - it will be like for like. However, my wife now does not have a Uk income and has been working freelance overseas. She has made the same if not more in salary. My age 57…
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Mortgage Valuation
Hi My son is a first time buyer, the house he is buying has been valued for the mortgage and they are asking for 'a roofing contractor to inspect the roof coverings and carry out any necessary repair/renewal'. Is this something he needs to organise, or is it the responsibility of the sellers? Thanks
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DIP accepted - Nationwide willing to lend but concerned with CCJs
Hi Everyone, I need some advice please, I am looking at buying a property with my partner we have a LTV of under 80% - I have 2 ccjs that are combined under £500 from private carpark companies. The oldest ccj issued was in January 2019 and is unsatisfied. The most recent ccj issued was in Feb 2020 and is unsatisfied to the…
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How does releasing equity work? (After renovations)
Evening folks. Really inexperienced in this but hoping for a bit of guidance or insight Bought a house 3 years ago on a 95% mortgage. Paid £235k for the property, but then spent 30k (+lots of free labour from family in the trades) renovating and extending the property. Haven’t had it revalued yet, but it’s easily worth…
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Loan against Mortgage
Currently with Nationwide with a value of £220,000 and mortgage remaining of £163,000. Would we be best trying to borrow more against the mortage through Nationwide as opposed to a different company? As we are currently with them I would have thought it would be easier, but I may be wrong? If its to pay other debts off and…
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2 year fixed @ 4.86%?
Hi folks I got my first ever mortgage and fixed it at a delightful rate for 5 years, sadly this is now coming to an end. We bought our home with support from the Northern Ireland Co-ownership scheme (which I highly recommend) but now we plan to buy them out. My current mortgage is with a local NI Bank, I had expected to…
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Told Halifax mortgage ‘£29,500 in advance’?
In October 2023, the headline balance on my Halifax mortgage was around £10,000 with approximately 30 months to completion. When discussing my estimated new payments following the forthcoming end of a 1.52% fixed term in January 2024, I was told, twice by two separate advisors, that I was already £29,500 ‘in advance’. I am…
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Help to Buy Remortgage Process
We had one of the HTB loans on a 5 year deal back in 2021 and we are 18 months away from the process of applying to (possibly) add it to the new mortgage rate we're of course dreading to see. Perhaps a little blinded by the whole excitement of buying a house for the first time, I'm now seeing some scary amounts (for us)…
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Any recommendations for which broker/company for previous poor credit remortgage
Hi, I've looked at the various brokers they mention in th guide on here, but seem to think I've read somewhere that people like L&C won't make any effort with those with questionable previous credits issues. I've looked at people like Simply Adverse etc but need some advice. Can anyone recommend a good broker who will work…
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Remortgaging predicament
Sorry if this is obvious but how do I go about remortgaging a house I don’t live in but my family member does and gives me the money for the bills, it’s no profit just under my name for credit reasons. It’s under a residential mortgage at the moment can it still be one or does it have to change?
