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Borrowing money against my home for extension
Hi everyone, I'm looking to borrow 100k against my home so I can build a double story extension. The extension doubles the sq meters, so it worth doing rather then moving. The question I have is, can I just remortgage my home or apply for a mortgage? I don't owe anything on the property and I dont have and other…
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Family Offset Mortgage
Are Family Offset mortgages only available to help first-time buyers? I would like to help a family member buy a bigger home - something she is currently struggling to afford but needs due to her children reaching an age where they needs their own bedrooms. If a Family Offset Mortgage is not available, is there any other…
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Want to move house but my mortgage is up for renewal around 4-6 months before.
My mortgage renews next March and we are considering our options. One of those would be to move house and area closer to family, however if we were to do this we wouldn't want to do it until the summer so our two children start school in September in a new school. What are my options and pros and cons? I am thinking A.…
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MSE guide: What happens to a joint mortgage after separation?
This is the discussion thread for the What happens to a joint mortgage after separation? guide. The guide discusses topics such as: - Who's responsible for a joint mortgage if you and your partner separate - What are your mortgage options post-separation - Where you can get mortgage help after a separation - Joint mortgage…
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Starring property portfolio and clearing own mortgage.
I'm trying to work out the best route forward for the next step of my plans. The goal is to pay off my house and have a portfolio of houses rented out. I've worked out soon that I will be debt free aside from my mortgage which is currently at a £400,000 balance. The repayment is £2,300 per month on rate of circe 5.5%. I…
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Re-mortgaging from residential to buy to let
Hi, I’m currently in the process of remortgaging my house which is currently residential, to a buy to let mortgage as I am moving in with my partner, there’s a future plan for me to be added to his mortgage at some point but this won’t be immediate. I have a 3 bedroom semi-detached. I have a mortgage broker who has put me…
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Mortgage Charter Problem at Nationwide-?
I have been informed by a Nationwide mortgage advisor that I
am unable to use the provisions of the Mortgage Charter because there is less
than 12 months left to run on my current mortgage term. I have read the Mortgage Charter in full
and it does not mention any such limitation or exception. Please could someone confirm…
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DWP Debt management
Hoping someone can help.. So me and my husband finally got a AIP with NatWest and we now had an offer accepted on a property , so now our mortgage application is going in.. & getting everything ready and downloaded out bank statements and have completely forgot about a payment plan I have with DWP for an overpayment from…
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Mortgage broker required
Hi I hope this is allowed, would anyone be able to recommend a mortgage broker preferably one who has a good reputation in dealing with adverse credit? Thanks in advance
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Port Skipton residential mortgage from remortgage?
I have a house on an owner occupier residential mortgage with Skipton. I would like to remortgage it to a buy to let mortgage (75%, maybe 80%) and port the residential mortgage to another property, so effectively a let to buy transaction. Does anyone know if Skipton allows you to port from a remortgage? thank you
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Building safety act
I have a leasehold flat in a 5 storey building but have no cladding etc. I am currently up for sale and after calling several conveyancers finding it difficult to find conveyancers who will quote. I came across one conveyancer who wanted £500+vat What information should I expect that I need to provide as part of the…
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Santander £350 mortgage exit charge.
Hi, I was wondering if anyone had experience of Santander's additional £350 mortgage exit charge they added when they took over Abbey National mortgages? I phoned Santander trying to pay a small outstanding lump sum off but the chap in the relevant department said this fee still stands. He said something about waiving…
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Overpaying (capital) on interest only
I'm currently on interest only and have been for 18 months. I've not been in the position to overpay on the capital until now. My current tracker is 0.34% so 5.59% in total until the base rate drops, if it does. I have locked in a 5 year fix for 14 days at 4.46% before Santander put the rates up today. If/when I accept…
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Natwest refusing the consider additional borrowing on 0% credit card consolidation
Hi, I'd really appreciate some advise on my situation as Google isnt cutting the mustard on this! A brief background: We've had our house on the market for a few months now in order to downsize and pay off debts but we've quickly realised this is THE WORST time to sell. So rather than dropping the price and losing…
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Borrowing more on mortgage for a car & home renovations
For the last 10 years or so, I've been trapped in the PCP cycle and been biding my time with used car prices, putting up with a car that I frankly don't want to keep. But it's not cost me a lot overall. It's now in a small amount of equity and I'm getting rid of it soon. Car I want to buy a particular vehicle which is…
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About to apply for a mortgage after defaults dropped off in early April
Hi all Just at the time where I'm ready to apply for a mortgage. After falling into bad debts in 2018 as a result of government changes to IR35 in 2017 (I lost a third of my monthly income), I've managed to rebuild my finance stronger than ever. Recently, 4 defaulted accounts dropped off my credit file in early April but…
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Equity release
Hello my house is worth at least £350,000it would seem I could release ££140,000 in the next 3 monthsif I were to release £140.000can you advise how much I would owe in 5 yrs time , in 10yrs time, in 15 yrs time and in 20 years time based on current interest rates which I am aware are subject to fluctuations. I don’t…
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Mortgage interest for the day prior to completion
Hello My remortgage completes tomorrow but I've noticed that the mortgage provider has released the funds to the conveyancer today and charged me a day's interest already (around £85). I appreciate the benefits of the money being ready early to ensure that completion happens smoothly tomorrow, but I can't find this early…
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Leasehold extension problem
Hi This is my first time posting, apologies if this is in the wrong section. We have owned our flat since 2006 and are in the process of extending the lease as it is nearing the 80 year mark. We have had a leasehold valuation carried out to calculate how much it will cost. During the valuation the valuer has found a…
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Equity in my house and Repaying Help To Buy before 5 years ends
Good afternoon, I am looking for some advice please. I have approx. 18 months left on my current mortgage deal with a rate at 2.04%. However, I took out the Help to Buy Equity Loan (20%) to allow me to get the mortgage deal initially. I believe that the value of my property has increased, I am getting a couple of free…
