-
Mortgages & Endowments sticky
Please be aware of the MSE Forum rules when posting on this board, notably: * If using the Forum as a professional, please note that posting on behalf of your business is only permitted if you are an MSE verified user. * Advertising and spam are not permitted. * Do not share any personal information, such as your own or…
-
Equity worries - disabled lodger
Had a Equity release some 2 yrs ago with myself and partener which both are on the electoral register. Our daughter who is registered with a disability. She currently lives at another property and is on the electoral register for that property. Her well being is not as hoped, so we want her to come home with us. Our Will…
-
mortgage term
first time buyers and broker has based on 35 yr term, Any advice about shortening term but paying more per month? if we take 5yr deal can we change the term on next renewal? also can we ask broker about deals we have seen on moneysaving best deals?
-
Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
-
Is it worth taking a 5 year fix now?
I've got 4.46% locked in and have until tomorrow to accept it. I was all set to take it but am now having a wobble! Currently on a tracker at 0.34% until September 2025. LTV is well under 50%. With it looking like the base rate will start dropping from as early as next month I'm just after opinions on what you would do.…
-
Kensington Mortgage application timescale
Hi- I hope this is the right place to post. We are waiting (almost 3 weeks) to hear from Kensington about our application. We were expecting lots of extra paperwork requests from what I have read on here. Anyone been through this that can maybe reassure me please? How do I know when they have done a valuation? The credit…
-
Are we expecting BOE to remain at 5.25% on 20th June 2024?
Will trackers decrease further, ie a rate closer to the BOE rate, or is that it for trackers.....not much movement since January on them.....
-
Santander mortgage Error 9+ years ago
Good Evening Everyone, Was hoping someone can give me some advice of the following Santander error I have been notified of today by letter. It’s states that in 2015 I l ended a mortgage early with Santander and took a new one within 3 months and should have been refunded the early exit fee from the original mortgage with…
-
Mortgage term lower than agreed with the lender
Hello, I did apply for a remortgage in April 2022 as my deal was coming to an end in October 2022. The mortgage offer from the lender says 2 years (24 payments) with a fixed rate to 31/08/2024. Completion was done on 04/10/2022 and I've received an email from the current lender to say that my mortgage will change to a SVR…
-
New job - Will this affect me getting a new mortgage?
Good morning all, I am hoping I can get a little advice here. I have been with my employer for around 16 years, but have the opportunity to get a new job elsewhere for more money. I am currently looking to move house and will need to apply for a new mortgage when I do so. How will moving to a new company effect getting a…
-
No declaration of trust/equity split with ex
Hi, I was wondering if anyone could help with this. I stupidly made a decision to buy a new build property with my now ex almost 2 years ago. We split up and have been living separately for 6 months. It was as nasty a split you could imagine. The initial plan was to sell the property as soon as possible, but with it being…
-
Overpayments
Good Afternoon I’m aware of the ERC but is there any issues with overpaying my mortgage a few pounds at a time. I tend to set a daily budget for spending and any leftover on that day, I sweep across to my mortgage. I’ve maximised my saving accounts with higher interest rates
-
Estate Agent MA/independent broker dilemma
I recently engaged an estate agent who offered mortgage advisor as part of service package. Being a first-time seller, I subsequently spoken with them, shared details and they have sent through an AIP. I communicated about the AIP and % charged to the mortgage broker I have used for a number of years as my Dad advised me…
-
2 Year or 5 Year Fixed?
Hi all, Just after some different opinions on my remortage scenerio House value with current provider £167k, ourtstanding mortgage £124k (LTV 74%) £124k mortage made up of 2 products £116k (2.65% fixed 30/06/2024) £8k (2.65% fixed 30/06/2024) Offered the below fixed rate 2 year (fixed 31/08/2026) 4.99% + £799 fee 5.15% no…
-
Self employed 11m and want to borrow more
My partner was promoted to director and given 25% shares back in May 2023, hes has been with this company over 8 years and it is well established. We are looking to remortgage and want to borrow more but we are having no luck in finding any lenders willing to take us on, frustratingly i know its because hes only been…
-
Help me decide
It’s a long one bare with me So I’m fresh out of an IVA paid off but waiting completion cert so still on credit file, paid off 3 weeks ago and said up to 8 weeks to receive cert. so could be a few more weeks yet. Default to BG £76 registered May 2020 queried it as not right and they are removing it but taking its time.…
-
Selling house and fixed 1.89% rate mortgage has just ended. Rate is now 7.99%
Current fixed rate of 1.89% has just ended. New rate is now 7.99% and they are urging me to lock in with a new deal. Accepted an offer on the property and waiting for sale to complete but no expected date yet. Do not plan on purchasing a new property right after so unable to port a mortgage on to another property. Any…
-
First Time Buyer - Halifax Application
Good evening, Looking for some advice as I am driving myself mad in the wait for a mortgage approval. I am a first time buyer, I have gone for a mortgage through the Halifax and can see from my online tracker that everything is green up to the Valuation part, does that mean that everything in my application is fine so far…
-
Does car insurance/fuel affect mortgage max borrowing on final application
Hi looking at applying for a mortgage soon but worried about declaring expenditure relating to my car. Was initially getting £160,000 on HSBC when excluding car insurance/fuel/tax in the 'Optional' travel expense box. When filling in with inclusive of these outgoings, it dropped to £70000... Car is owned outright but…
-
Joint Purchasing a Second Property when I have existing Solo Property with HTB Loan?
Hi there, I bought a flat myself as a sole applicant last year under Help to Buy Equity Loan - I have not paid the loan back yet but my repayments are very affordable. My partner and I are looking potentially in the next 2-3 years to move outside of London and purchase a home together. I understand I cannot rent out my HTB…
-
Overpaying a Lloyds mortgage
Hi all, I’m sure this is a stupid question but have to ask anyway. so, I’ve been talking with a mortgage adviser from Lloyds today. They have informed me that if I make any overpayments to my new mortgage that the term will not reduce and you can’t select it to reduce it (like you can with Nationwide). The question is, if…