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Offset Mortgage Comparisons
Does anyone know of any comparison sites/tools for offset mortgages? My fixed term comes to an end next year and I'm in the lucky position of having enough savings to fully offset the mortgage balance (but would prefer not to just pay the balance off in full) but I'm really struggling to find anything that shows the…
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Precise Mortgage Valuation Timescale
Morning all. I'm just wondering if anyone has been going through the same issue as us. We're currently waiting for Precise to sort out the valuation on a property we're trying to buy. We were told by our broker on 18/4 that our application had been given the go ahead for valuation. Our broker has been chasing for updates…
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CIS policy
Seems there are a few on here who feel cheated by these policies. I myself had a guy come down regularly to pick up money for the policy (back in the day) and even after the financial crash kept telling me my payout for my policies would be over 60k but come the day when it matured i barely got back what i put in. Finally…
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Remortgage with loan
Hi everyone. So myself and the wife are 3 years into our 5 year fix mortgage of our first "owned" home. Previously were renters. We had the help to buy scheme with the new home, so when it comes to remortgaging we are hoping to then pay off the help to buy scheme. Now the dilemma we have is we are early stages of 2…
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Bringing my partner onto the mortgage
Hi all, really hoping for some advice on this! I own around 75% of my house with the remainder still being paid off with a mortgage. I have been living with my partner for a few years and she is keen to get involved with the mortgage so that her money is actually going into something for her future in the unlikely event we…
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New mortgage deal and personal loan
Our 5 Yr fixed rate mortgage is due to end in July 2026 and we have a personal loan which is due to end in Dec 2026. We are going to start making regular overpayments on the loan this month with a view to clearing it before we need a new mortgage (we haven't financially been able to overpay before now). We are going to…
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Mortgage at 53
I am separating from my partner and we have paid off our mortgage. I would like to buy another house with the money I make off the sale of our current house. I would get about 90,000 at current value. However, I only have a small private pension only started it 2 years ago. And my salary is 22,000 yearly. I have tried some…
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Understanding Interest vs Capital mortgage repayment rate increase
I have had a 5 year fixed mortgage based on 25 years capital repayment projections to start with at a good old rate of 1.75% At the end of that 5 year fixed rate period capital to interest payment ratio was capital 74% interest 26% which is fantastic. Then renewed the fixed rate for 2 years this time at rate of 4.54% with…
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Selling next year porting mortgage and getting new small mortgage.
I have a mortgage fixed until 2027 at 2.79% with £78k left. This is my house on my own, but my partner lives with me. We really want to buy a house together and sell mine in the next year or two. Since savings interest rates have been so good, we have been saving like crazy for when we decide to take the plunge and sell up…
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Mortgage for property with separate annexe
I am looking at a house which has a separate annexe in the garden. The annexe has its own council tax rating separate to the house. I would be interested in renting out the annexe either to a long term tenant or possibly airbnb ( may be more lucrative). My question is do I need a specific type of mortgage for this? I would…
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Help
Hi I’m After some advice having a panic. We went to a broker and explained we have a plot of land for sale £190k. With this we want to use £150k as a deposit £20k to pay off any debts , car loans,cc, and overdrafts and final £20k is for solicitors and just some left over for savings. We have no ccjs or defaults , never…
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Mortgage lender insisted on new roof because of spray foam insulation but won’t value house now done
We needed to remortgage our home to repay a loan from family, as agreed, but valuer said loft foam meant he couldn’t value. Lender’s 3rd party surveyors eventually said a new roof was needed. We got this done, sent photos and Building control certificate and invoice etc, as agreed (they declined offer to revisit with LA…
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Awaiting house completion and car finance
My husband and I are waiting on the completion of our first house purchase. We applied for car finance a couple of months before our mortgage, however we are not due to collect the car until the middle of next month. We have already had the credit check done for the car when we applied for the finance, but have not yet…
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Fees and tme saved by clearing mortgage before taking on new
Hi by paying off my mortgage before taking on a new one in the new future does that make the process any quicker for my solicitor and save me any fees?
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Paying off the Loan/Porting/ERC/ Opinion on Ts and Cs.
Hi, First time posting. I was hoping I could get an opinion on the below. I am planning on moving home. Have sale agreed on both my property and on the property I am buying. The new property is more expensive and I will require additional borrowing. With a good wind I believe the sale could complete August/September…
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nationwide remortgage with extra borrowing
For info we are already current nationwide lenders, our fixed term has finished so we are re-mortgaging with them and want to borrow extra for renovations. we have just had our DIP accepted for the extra borrowing, and are going to complete the full application next week. I'm wondering what the process is going to be like…
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Paying off mortgage what's involved?
Hi I'm about to pay off my mortgage (will take on another once I move in future). What is involved in paying off my mortgage other than just clearing the outstanding balance?I'm out of my mortgage fixed term.Are there any other additional fees involved and do I need to get a solicitor involved and how are the title deeds…
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Selling property for mortgage deposit and clear debt
I was left a property in an inheritance , it’s currently being sold and the plan is to use £160k as a deposit on a home and £30k to pay all debts off and solicitors fees.Now we’ve put an offer in and had an aip. Thing is we’ll need to pay our debt from the sale of the property to give us the best chance of getting the…
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Overpay mortgage or save to earn
I have 2.5 years left on a 5 year fixed mortgage on 0.99% interest (£180k remaining). Last year I inherited £100,000 and wonder whether to overpay 10% of the mortgage for the remaining 3 years or whether I’d be better off putting it all in a high interest bank account and earning £ on interest to pay off in bulk when fixed…
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Guarantor for mortgage
Hi everybody I’m an italian living in Scotland and i have a stupid question fo you all. I’m waiting for the Scottish Scheme LIFT to help me buy my first house. This year, this benefit it’is delayed, should have started in April but so far there are no news yet, probably for all these budget cuts from the government.…
