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Mortgage with Defaults
Hi, Probably a topic that has been discussed plenty. Just wondering if any mortgage advisors here could advise how big an impact 1 or any defaults could have on getting a mortgage whilst they remain on your credit file? I'm debating whether to pay off all my debts incurring big interest along the way or to allow them to…
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Is it possible to port offset mortgage to a house bought with cash few months before?
Current house has a very old offset mortgage with little balance remaining and is fully offset with money in linked current account. Is it possible to: - Remortgage it to another offset, ideally interest only and as low deposit as possible. - Put funds released from equity back into offset as savings, effectively paying no…
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Want to overpay but really confused
Will probably need to speak to a mortgage advisor as I'm quite clueless but wanted to get some initial ideas if I'm able to. Have a smallish mortgage on a flat (live in, not buy to let) and come to end of cheap fix in November. I'm hoping to make an overpayment soon to help with the inevitable increase in interest cost.…
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Mortgage overpayment issues
Me and my wife have been overpaying our mortgage by the allowed 10% for the last 3yrs. We did it in February and in April our Bank bank reduced our monthly repayments by £320 so basically by the end of this financial year we would not have overpaid anything and they have had cash in advance. I asked if weccould continue…
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Overpayments and bank working against us
Although I am currently in 4 year of a fixed rate, the bank started what they call a yearly review of their mortgages under the banner of checking that you will still pay off your mortgage at the end of the full term. I am however an advocate of overpaying, and have been doing so on this mortgage for the last 3 years which…
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Redemption statement and mortgage repayment different
We are currently remortgaging and have finally received our bill for completion today, but the amount to repay our previous lender is £3k more than our mortgage offer! This is £3k I wasn't expecting to pay and don't have readily available... There was quite a large gap in time between our redemption statement being sent…
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FTB- Property Query
FTB here, so currently going through purchasing a leasehold flat. So I wanted to ask if anyone else has been in this situation. So the property is originally marketed as a standard leasehold flat of which is from a converted house. The lease is between the freeholder (this is a separate entity) and Management Company (this…
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First Time Buyer
First Time Buyer. Have began to view a few properties which includes one tomorrow which all being well I will place an offer on as it's on the area I want and in my price range. Fingers crossed! A few months I went to a IFA and got a mortgage promise and my top range is around £130K on a 27k salary rising to £30k later in…
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Product Transfer advice - Bluestone
Hi - looking at possibly remortgaging with Bluestone due to adverse credit. If we were successful in our remortgage application and secured a fix - either 2 years or 5 years, how does it work with Bluestone when the fix comes to an end? Do they offer product transfers? I know you have to apply through one of their…
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Specialist Lenders?
I've recently had an offer accepted for a property, but it has two unfinished rooms and one unfinished bathroom, making it unsuitable for traditional mortgages. Do you have any experience with specialist lenders who might be able to assist in this situation? I've been advised to contact them directly, but I'm unsure where…
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Connells valuation and offer WITHOUT valuation??
Hello. Are Connells that bad and down valuing properties a lot? I am a seller, our property was valued at certain amount 3 months ago by a different company ( RICS valuation) done by me) and our buyer has got a mortgage offer. ( as per estate agent's words) Now he wants probably a better rate and re-applying ( not sure if…
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Equity Release Timescales
Hi. I wonder if anyone has any advice or experience that you may be able to offer me. My step mother passed away 10 mths ago. She and my father, who passed 5 years ago had equity release on their property. I cant remember how much they released exactly I think about £30k I think. The debt is now at £90k. The house has been…
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CeMap module 2
Hi, I need help. I have given module 2 unit 4Mortgage Payment Methods and Post-Completion Issues 5 attemps now and keep failing at 20/19 marks. I have bought CRT and have done the knowledge and mock tests practice. What else can be done? Please help. need to pass this time. Thanks
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Tricky situation with mortgage and moving
Hiya, We're currently coming to the end of our fixed term 2% and they're moved us onto the variable rate of 8.7% with Halifax!! We initially thought this was the best plan as we'll most likely be going with NatWest for the new house (which we haven't found yet). NatWest take our foster allowance into account so give us a…
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How much can I borrow calculators accuracy
Are those calculators actually accurate or should you reach out to the bank directly? They only take into account income and not credit score or any other details so it does not feel like this is accurate. Do I need to go into a branch and talk to them if I want a good estimate?
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Mortgage Arrears/ Reposession Help
Hi, i am a resident in scotland and i am currently at the end of my mortgage. I still need to pay a substantial lump sum at the end of my agreement. Due to my health and age the bank have been referring my case for 6 months at a time as i continue to make a monthly payment. I have been approached by the banks legal…
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Advantage of remortgaging to buy second home?
Hi, I'm trying to understand the difference between these two situations. Suppose I own a house outright (worth 100) and have 20 in cash. If I want to buy a second home that's also worth 100 without selling my first one, I can either: * Use a single mortgage to buy the second home, with 20 in deposit and 80 in mortgage…
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Which mortgage to go for? 2 year or 5 year
Any advice on which to pick?
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Selling the house that I bought with my ex, is she entitled to 50% equity?
Hi, I'm looking for advice on my situation, I have not yet contacted a solicitor about this and hope to find someone who has been in a similar situation who could advise me on how to approach this. I bought a house with my ex partner (not married but do have a 3 year old child with) in September 2022. Around a month after…
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Mortgages and relocation
Hello. I'm in a jam. I have a flat in London that has cladding issues and no ESW1. I have permission to rent it out as I've waited seven years for the intrusive survey. I would like to relocate and buy a house. I have a pretty decent deposit and good credit but I was rejected because they suspected I wanted to rent it out.…
