One thing I really like about your channel is that you are genuine. This sector is your passion and it really shows. This channel really is a hidden gem. Keep it up mate 👍
I love watching your videos. You are an amazing person, I am grateful to have you in my life ! I am grateful for all your advice. Thank you soooooo very much
@Nicheadvice , oh really? I am pleased to hear that you value and appreciate my positive feedback. I am also blown away by your kind response. I wrote how I feel regarding your very useful videos, as you deserve positive feedback, as your videos are truly amazing, as they are helpful for people to understand what they need to understand. Thank you.
Thanks, What are the BTL rates you are seeing for 75%LTV? It is so annoying that there are no comparison websites that detail the rates without requiring a form to be filled in.
The problem with BTL is it's more about fees and rental calculations, and because lending criteria Is fundamentally the driving point when it comes to buy to let it's very hard to put that on a table each applicant has got a different portfolio profile, and needs to be assessed accordingly very hard to put that on a system right now,
I started watching your channel 2 years ago and I am thankful l followed your tips and employed a broker to find me a deal for the final 5 years of my mortgage fixed at 1.5%. By the end of next year, I will be in a position to pay off the mortgage by my 46 birthday.
I'm so pleased by your comment first of all for me watching my channel for two years really appreciated and secondly, for choosing a mortgage broker who has given you the right service. The information I put out on this channel is quite generic and I do try not to push my services as a mortgage broker all the time and actually promote mortgage brokers in general so I'm pleased you have got something out of everything put out
Thanks so much for this video! Very informative! I have one question if that's ok. Cutting story short we have got about 6 weeks before our existent mortgage expires, we've accepted an offer from NationWide and we are now sorting out the docs with the solicitors. If this mortgage doesn't get completed in time and we go straight to a variable with our existent mortgage provider do we have to pay a fee to them once the other is completed? Thank you in advance
I'm really sorry I can't give specific advice on an open forum like this I could get myself in a lot of trouble talking about specific cases so I will refer you to my website should you want to get in touch with us
I have a balance of £315k on a house i bought for £475k with initial mortgage of £410k. My fixed rate is coming to an end in a year. My LTV currently is 54%. I am confused as to how i work out how much money i own into the house when interest is taken off. Also does that mean i have to pay the future intetest for the remaining 20 yrs left on the existing mortgage before i can remortgage?
Depends on your circumstances you income as well as the level of deposit you have because not all lenders will offer interest only to all clients however this may change with the government pushing lenders to be more flexible
Can I ask possibly silly question. Dec 2018 brought 1st home below market rate at that time for £237500. Put down 54k deposit around 22%. Went with Halifax as variable income low basic plus commission on top Fixed for 5 years at 2.44%. When 5 years up 19 years left on term can't extend due to age. Balance remaining then £160k. How do I work out loan to value will equity change beyond 54k deposit? We think current value house is least 300k but paid 237k but will owe 160. I did the calculations buying price means we over 60ltv.. but 300k value places us under the magic 60%ltv which means better deal. How do I work out ltv now In june and dec when fixed ends? Should I arrange meeting with current provider as well as use mortage broker don't want fix long term at really high rate
The Halifax system automatically does a desktop valuation as soon as the broker logs into the system so we can give you a valuation as of today of what the property is worth based on the computers system they use you can use that valuation as a guide line however is not always accurate I suggest you speak to your mortgage lender first and then once you have their offer you take that to a mortgage broker to compare against the rest of the market
@@Nicheadvice thank you so just to clarify the figure used to work out current loan to value even of we stay with same provider will be different to the price purchased at? We don't wish you borrow any more just fixed ending. Will book appointment with current provider Halifax ASAP as maybe easier stay with same provider. Seen some good deals on mortgage comparison under 5% some 2 years couple of 10 years. If it's based price purchased we not under 60% loan to value but under 80%. We could risk short 2 year fix and overpay to bring ltv down
A couple questions if anyone knows- 1. My credit rating is a lot lower than when i first took out the mortgage. When the fixed rate ends, would i likely be paying svr if my credit is not good enough to remortgage? 2. I am not sure how much longer i want the property as I may want to live with a partner or have other life changes. If i am exoecting this life change, is it possible to fix the new rate for less than 2 years? 3. Has anyone here remortgaged with bad credit/defaults? I have never missed a mortgage layment but have missed payments for other things.
Please get in touch with me at the office because there are a number of ways I can try to help you in terms of how you may be able to get a good rate even with credit troubles as long as you've made mortgage payments I will need to know your existing lender as well as some basic information in regards to learn to values shouldn't take me long
I'm panicking. I bought at 95% in Feb 2022 and am concerned if there's a crash in the next few months I'll be in negative equity. Due to renew in Feb. Does anyone know what happens with Nationwide if so? Do they put me on the 95% rate, or SVR?
Dont panic your with a large highstreet lender and you will have options i will try to do some research on this topic and make a video for people who are currently on high loan to value mortgages. Payam
Don’t panic. Yes you may fall into negative equity but in the long run, you will make it up and even get more in 10-15 years. The issues arise if you have to sell before then
Hi Paiyan, im in need of some advise. I have x4 ccj's on my credit due to parking fines and apart frm that my credit file would be near enough excellent. I have an existing mortgage that will be paid off in 5mnts but my issue is how can i take equity or refinance my existing mort with my existing ccj's. Am i screwed???
Mr Payam, thank you for the content. I have a question. If I stay with my current lender and take a new fix at the end of a term does my broker get paid by the lender again? I just want to know if the broker has a vested interest in selling you a product.
Yes the majority of lenders will pay brokers a procuration fee although it's not as much as a new case going to the lender they will give a procuration fee for retaining the client's business and undertaking additional compliance and regulatory checks on behalf of the lender.
Hi, I’ve re-mortgaged with Halifax on a rate 2 months ago which is due in September, Can they pull this if they wanted to or are they obliged to honour it?
If you've already had your mortgage offer issued then I believe it's not possible for them to change the terms unless there is a material change to your circumstances
Hi Payam will lenders verify employment just before exchange/ completion for a first time mortgage even if the application went to the credit risk team before it was granted?
If the right property comes up with the right opportunity the decision becomes very easy so don't worry and just keep looking for the right property if you find one great if you don't find one well you don't have nothing to worry about just yet
Payem my broker is retiring and I’ve used him for a very long time. Very old school common sense approach. Easiest person I’ve ever had to deal with. It’s just him, no staff etc. I can’t deal with anyone who passes everything to juniors. I need someone I can work with directly long term. Same as my solicitor, same as my agent & same as my accountant. Very small family run businesses with a personal service. I like you and your approach. Can you help?
Sure, why not please get in touch, and we can have a chat - Click on the link and complete the enquiry form and I will get in touch. Please state that you left me a comment under a youtube video www.nicheadvice.co.uk/contact-us/
1 of my mortgages end in 02/2024 the only one not ending in 2027. Virgin money ERC fees are quite high was why I had left this. Not looking positive currently. Earliest i can remortgage with Virgin money without a fee is October.
The obsession to own a house in the UK is incomparable, and both foreigners and locals striving to own a home have caused housing prices to soar. In simpler terms, the cost of houses is inflated. If we acknowledge the inflated prices of homes, individuals should consider the possibility of constructing their own homes. Surprisingly, not many people are discussing this alternative and I think it might help going forward as the era of cheap mortgages are over.
Thank you for your comment the way the UK economy is set up especially so reliant on UK property as a retirement vehicle it's going to be hard to sustain a longer term rising interest rates although short-term we may have a peak on interest rates I still believe it's so damaging to the economy that the Bank of England and UK politicians would do everything to try to bring the interest rate down but right now they want pain they actually need pain and a slowdown
@@iwilltouchyourtoes What is the essence of this govt scheme www.gov.uk/government/publications/help-to-build-making-building-your-own-home-more-affordable
Land cost more than actual home- thats the main problem :) from another hand - houses in UK can be extremely cheap.. Doncaster, Burnley and etc. you can get from 5k, so is not about affordability- is about “I want to live in better area”..
Great advice from someone who not only monitors mortgage rates on a daily basis but also has a mortgage. Many TH-camrs who talk about these things only come at it from a one dimensional perspective and yet feel they are qualified to advise others on what to do. I bought my first few properties just before the 2008 crash at the peak of the market. No one saw that crash coming. This one however has been a slow burn for over a year now so anyone who didn’t prepare will soon pay a high price. My one take away from buying properties immediately after the crash when bargains were to be had was that lenders were extremely cautious about lending to anyone.
Thanks for this and yesterdays video. I feel a bit better about our upcoming remortgage. Subscribed. Our mortgage is due in five months. Kicking myself that I didn't act sooner. I'll know for next time that I can apply 6 months plus 2 weeks. I think we're looking at 66% ltv. Would two year fixed be our best move? Hopefully by then we'll see lower BoE rates at 3.5% as suggested in your video.
Thank you so much for your comment I can't give specific mortgage advice here on the net but rest assured I will be putting out quite a lot of videos in the next year about different circumstances it sounds like you're on a good loan to value so don't worry
first time i;ve watched your vids. i think your great. I've subscribed and will definitely be watching your vids more often - love it how you make it so simple - amazing stuff - thank you
I still buying, but not 100% sure properties vs stocks, normally stocks flying faster than properties after economy is stabilising.. I am very positive about market- no matter what
The place to be is commodities the most undervalued asset on the planet is silver dont just take my word for it look at the Dow gold radio gold silver radio property are way overvalued I see currency calapes all banks are in big trouble their are no deposits no deals and banks are underwater with their bond portfolio
All these interest rates are LOW . Do not be fooled !! Ask people who borrower at twice these rates in the past . They are still happy they bought at 15 -% . No need to be soo analytical .
![กิโลเมตรที่ 0 เดินทางรอบโลกไม่ใช้เครื่องบิน [Around The World Ep. 1]](http://i.ytimg.com/vi/toJG9oofLFY/mqdefault.jpg)
Any idea what he decided to do for his upcoming remortgage ? 2 years / 5 years ? Or did he not mention? Coz watched it twice and didn’t get it.
Thank you for this great advice. 👍
Very professional tips. Thank you very much!
One thing I really like about your channel is that you are genuine. This sector is your passion and it really shows.
This channel really is a hidden gem.
Keep it up mate 👍
That is very kind of you. Thank you for watching and taking the time to comment
Awesome video!!!
Thanks Emily
please do an equivilent video for buy to let. you should have stated it was for resi only
love your channel!
Much appreciated thank you for taking the time to watch and comment
I love watching your videos. You are an amazing person, I am grateful to have you in my life ! I am grateful for all your advice. Thank you soooooo very much
wow that's a very good review I am blown away by your kind words
@Nicheadvice , oh really? I am pleased to hear that you value and appreciate my positive feedback. I am also blown away by your kind response. I wrote how I feel regarding your very useful videos, as you deserve positive feedback, as your videos are truly amazing, as they are helpful for people to understand what they need to understand. Thank you.
Thanks, What are the BTL rates you are seeing for 75%LTV?
It is so annoying that there are no comparison websites that detail the rates without requiring a form to be filled in.
I’m getting 4.69% from my lender, which is doubling my monthly amount
The problem with BTL is it's more about fees and rental calculations, and because lending criteria Is fundamentally the driving point when it comes to buy to let it's very hard to put that on a table each applicant has got a different portfolio profile, and needs to be assessed accordingly very hard to put that on a system right now,
Could you do a video on the mortgages available for a self build project and how they differ from other mortgages.
Many Thanks
I have doing a few self build cases so will try to put a video together but But such deals are very bespoke
Thank you very helpful 💯👏
Thanks for watching and taking the time to comment
I started watching your channel 2 years ago and I am thankful l followed your tips and employed a broker to find me a deal for the final 5 years of my mortgage fixed at 1.5%. By the end of next year, I will be in a position to pay off the mortgage by my 46 birthday.
I'm so pleased by your comment first of all for me watching my channel for two years really appreciated and secondly, for choosing a mortgage broker who has given you the right service. The information I put out on this channel is quite generic and I do try not to push my services as a mortgage broker all the time and actually promote mortgage brokers in general so I'm pleased you have got something out of everything put out
Thanks so much for this video! Very informative! I have one question if that's ok. Cutting story short we have got about 6 weeks before our existent mortgage expires, we've accepted an offer from NationWide and we are now sorting out the docs with the solicitors. If this mortgage doesn't get completed in time and we go straight to a variable with our existent mortgage provider do we have to pay a fee to them once the other is completed? Thank you in advance
I'm really sorry I can't give specific advice on an open forum like this I could get myself in a lot of trouble talking about specific cases so I will refer you to my website should you want to get in touch with us
@@Nicheadvice No worries, thank you for replying
I have a balance of £315k on a house i bought for £475k with initial mortgage of £410k. My fixed rate is coming to an end in a year. My LTV currently is 54%. I am confused as to how i work out how much money i own into the house when interest is taken off. Also does that mean i have to pay the future intetest for the remaining 20 yrs left on the existing mortgage before i can remortgage?
It it worth remortgage getting a 2 year fixed on Interest Only on a residential but overpaying when you can?
Depends on your circumstances you income as well as the level of deposit you have because not all lenders will offer interest only to all clients however this may change with the government pushing lenders to be more flexible
Thanks.
Can I ask possibly silly question. Dec 2018 brought 1st home below market rate at that time for £237500. Put down 54k deposit around 22%. Went with Halifax as variable income low basic plus commission on top Fixed for 5 years at 2.44%. When 5 years up 19 years left on term can't extend due to age. Balance remaining then £160k. How do I work out loan to value will equity change beyond 54k deposit? We think current value house is least 300k but paid 237k but will owe 160. I did the calculations buying price means we over 60ltv.. but 300k value places us under the magic 60%ltv which means better deal. How do I work out ltv now In june and dec when fixed ends?
Should I arrange meeting with current provider as well as use mortage broker don't want fix long term at really high rate
The Halifax system automatically does a desktop valuation as soon as the broker logs into the system so we can give you a valuation as of today of what the property is worth based on the computers system they use you can use that valuation as a guide line however is not always accurate I suggest you speak to your mortgage lender first and then once you have their offer you take that to a mortgage broker to compare against the rest of the market
@@Nicheadvice thank you so just to clarify the figure used to work out current loan to value even of we stay with same provider will be different to the price purchased at? We don't wish you borrow any more just fixed ending. Will book appointment with current provider Halifax ASAP as maybe easier stay with same provider. Seen some good deals on mortgage comparison under 5% some 2 years couple of 10 years. If it's based price purchased we not under 60% loan to value but under 80%. We could risk short 2 year fix and overpay to bring ltv down
A couple questions if anyone knows-
1. My credit rating is a lot lower than when i first took out the mortgage. When the fixed rate ends, would i likely be paying svr if my credit is not good enough to remortgage?
2. I am not sure how much longer i want the property as I may want to live with a partner or have other life changes. If i am exoecting this life change, is it possible to fix the new rate for less than 2 years?
3. Has anyone here remortgaged with bad credit/defaults? I have never missed a mortgage layment but have missed payments for other things.
Please get in touch with me at the office because there are a number of ways I can try to help you in terms of how you may be able to get a good rate even with credit troubles as long as you've made mortgage payments I will need to know your existing lender as well as some basic information in regards to learn to values shouldn't take me long
I'm panicking. I bought at 95% in Feb 2022 and am concerned if there's a crash in the next few months I'll be in negative equity. Due to renew in Feb. Does anyone know what happens with Nationwide if so? Do they put me on the 95% rate, or SVR?
Dont panic your with a large highstreet lender and you will have options i will try to do some research on this topic and make a video for people who are currently on high loan to value mortgages. Payam
Don’t panic. Yes you may fall into negative equity but in the long run, you will make it up and even get more in 10-15 years. The issues arise if you have to sell before then
Hi Paiyan, im in need of some advise. I have x4 ccj's on my credit due to parking fines and apart frm that my credit file would be near enough excellent. I have an existing mortgage that will be paid off in 5mnts but my issue is how can i take equity or refinance my existing mort with my existing ccj's. Am i screwed???
Not necessarily all depends on when the county court judgments were registered and the amount please get in touch as I cannot give advice on here
Mr Payam, thank you for the content. I have a question.
If I stay with my current lender and take a new fix at the end of a term does my broker get paid by the lender again? I just want to know if the broker has a vested interest in selling you a product.
Yes the majority of lenders will pay brokers a procuration fee although it's not as much as a new case going to the lender they will give a procuration fee for retaining the client's business and undertaking additional compliance and regulatory checks on behalf of the lender.
@@Nicheadvice Thank you!
Hi, I’ve re-mortgaged with Halifax on a rate 2 months ago which is due in September, Can they pull this if they wanted to or are they obliged to honour it?
If you've already had your mortgage offer issued then I believe it's not possible for them to change the terms unless there is a material change to your circumstances
Do you by any chance know of a U.K. mortgage auditor service?
I'm sorry I'm not clear on the questions are you looking for a compliance audit. Please give me a little bit more context and I will try to help
helpful video
Thank you so much
Hi Payam will lenders verify employment just before exchange/ completion for a first time mortgage even if the application went to the credit risk team before it was granted?
It's very unusual if they do but they certainly have the right to do so
Im in a position whether i decide to pay more of my mortgage off or buy another house. Some difficult decisions ahead
Let’s break it down.
There’s a logical side to these things and emotional/mental side.
What is the purpose of buying another house?
.
@@IncredibleMetinvestment
If the right property comes up with the right opportunity the decision becomes very easy so don't worry and just keep looking for the right property if you find one great if you don't find one well you don't have nothing to worry about just yet
Payem my broker is retiring and I’ve used him for a very long time. Very old school common sense approach. Easiest person I’ve ever had to deal with. It’s just him, no staff etc. I can’t deal with anyone who passes everything to juniors. I need someone I can work with directly long term. Same as my solicitor, same as my agent & same as my accountant. Very small family run businesses with a personal service. I like you and your approach. Can you help?
Sure, why not please get in touch, and we can have a chat - Click on the link and complete the enquiry form and I will get in touch. Please state that you left me a comment under a youtube video www.nicheadvice.co.uk/contact-us/
1 of my mortgages end in 02/2024 the only one not ending in 2027. Virgin money ERC fees are quite high was why I had left this. Not looking positive currently. Earliest i can remortgage with Virgin money without a fee is October.
Not sure why they're saying this surely with the new rules they must make some adjustments
@@Nicheadvice Virgin money said even with the new Charter theirs is 4month not 6 for re-mortgage..
The obsession to own a house in the UK is incomparable, and both foreigners and locals striving to own a home have caused housing prices to soar. In simpler terms, the cost of houses is inflated.
If we acknowledge the inflated prices of homes, individuals should consider the possibility of constructing their own homes.
Surprisingly, not many people are discussing this alternative and I think it might help going forward as the era of cheap mortgages are over.
Thank you for your comment the way the UK economy is set up especially so reliant on UK property as a retirement vehicle it's going to be hard to sustain a longer term rising interest rates although short-term we may have a peak on interest rates I still believe it's so damaging to the economy that the Bank of England and UK politicians would do everything to try to bring the interest rate down but right now they want pain they actually need pain and a slowdown
Planning permission is the issue there though
@@iwilltouchyourtoes
What is the essence of this govt scheme
www.gov.uk/government/publications/help-to-build-making-building-your-own-home-more-affordable
Land cost more than actual home- thats the main problem :) from another hand - houses in UK can be extremely cheap.. Doncaster, Burnley and etc. you can get from 5k, so is not about affordability- is about “I want to live in better area”..
Great advice from someone who not only monitors mortgage rates on a daily basis but also has a mortgage. Many TH-camrs who talk about these things only come at it from a one dimensional perspective and yet feel they are qualified to advise others on what to do.
I bought my first few properties just before the 2008 crash at the peak of the market. No one saw that crash coming. This one however has been a slow burn for over a year now so anyone who didn’t prepare will soon pay a high price.
My one take away from buying properties immediately after the crash when bargains were to be had was that lenders were extremely cautious about lending to anyone.
Thanks for this and yesterdays video. I feel a bit better about our upcoming remortgage. Subscribed.
Our mortgage is due in five months. Kicking myself that I didn't act sooner. I'll know for next time that I can apply 6 months plus 2 weeks. I think we're looking at 66% ltv. Would two year fixed be our best move? Hopefully by then we'll see lower BoE rates at 3.5% as suggested in your video.
Thank you so much for your comment I can't give specific mortgage advice here on the net but rest assured I will be putting out quite a lot of videos in the next year about different circumstances it sounds like you're on a good loan to value so don't worry
@@Nicheadvice thanks I appreciate that. Looking forward to your future videos. All the best.
first time i;ve watched your vids. i think your great. I've subscribed and will definitely be watching your vids more often - love it how you make it so simple - amazing stuff - thank you
Awesome, thank you!
I still buying, but not 100% sure properties vs stocks, normally stocks flying faster than properties after economy is stabilising.. I am very positive about market- no matter what
Thats why i love the channel coments you get all sort of views. Thanks for your comment
@@Nicheadvice thanks for your channel! Always good content
The place to be is commodities the most undervalued asset on the planet is silver dont just take my word for it look at the Dow gold radio gold silver radio property are way overvalued I see currency calapes all banks are in big trouble their are no deposits no deals and banks are underwater with their bond portfolio
All these interest rates are LOW . Do not be fooled !!
Ask people who borrower at twice these rates in the past . They are still happy they bought at 15 -% .
No need to be soo analytical .
❤
Lucky me, remorgage at the end of 2025,
:-) just try to plan for that day...
Hi payam,
What is your contact details?
Thanks
Hi you can contact me via this form and i will be in touch. www.nicheadvice.co.uk/contact-us/
Fantastic video😊 regardless of the economic slump, I'm so happy I have been earning $ 40,000 returns from my portfolio income every 13days.