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Property repossession
My husband had a property repossessed in January 2020 however the first missed mortgage payment was January 2019. On his recent Experian report it details that the default date in January 2020. Our understanding is that the date on the credit report should be the first missed payment which lead to the repossession,…
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Nationwide / Contractors / Self employed
Hi, I've asked similar before so apologies for posting again but we're going round in circles trying to find advice with a broker or on line I am 57 and will soon have the enough to clear my mortgage. I would prefer not to do this at the moment because the rate is so low and I enjoy seeing it come down each month ! My…
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Fixed rate mortgage payment changed
Hi I have a fixed rate mortgage with LLoyds, which I've had for one year. I noticed this month that the direct debit payment taken was about £16 less than expected. When I look at my mortgage details online the 'monthly payment' figure has also changed to the reduced figure. I phoned them up to ask why, I was told that on…
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Help please, is this legal?
Hi there, hope you can help. My son and I have had a joint account for over twenty years. I don't usually touch this account, other than a £500 standing order that goes in and out monthly to keep to the rules of the account. My son uses it as his bill-paying account, and he and his partner put an amount in every month for…
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Pay off some of mortgage?
Hi everyone. I have a mortgage fixed at 4.7% until next year. £37000 to pay off. I can overpay 10% now, which is £3700. I have £17000 savings in ISA about to mature. I have option to reinvest at percentage of 4.25%. I assume, at this stage, it is better for me to overpay my mortgage? Thanks
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Mortgage Deed advice
I am so sorry if this seems a really daft question but want to try and get everything right first time! When posting the mortgage deed back to the solicitor, can the form be folded in an A5 envelope or does the form need to be kept unfolded and returned in an A4 envelope? I know this sounds stupid but this is the first…
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Cash Purchase - Money Laundering Source of Funds proof
I've seen a few threads about cash purchase previously but none seem to cover what is required for proof of funds. A thread on the investment board with someone needing to prove the source of the savings got me thinking what would be needed by a solicitor if you're buying a house for cash. The money has sat in an ISA for…
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I think we’re going to go bankrupt…desperate family of 4
We are desperately in search of some advice. we have a mortgage of £409k, after some additional borrowing to complete a two storey extension. Due to delays from illness, planning and a bad experience with a builder, we are not finished. Nowhere near. we had expected to be finished by now and have the house revalued which…
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Multiple applications..
Hello... I applied for a mortgage through a lender (X) 6 weeks ago.. the MB I used had to 'push' through an application as I passed the initial checks but it wouldnt let them proceed to Full Application. Surprise surprise, this application failed.. I swiftly moved onto a new broker who I have used before and they got me a…
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Rejected Additional Borrowing/Category B meaning?
I have had my current mortgage for 6 months but Halifax just ran the application process with me on a video call and computer said no, the advisor said it told him I came back as a category B. What does this mean? 😳 He said Bs can change to As and that I could try again in month. My affordability seemed OK despite a loan…
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Should I overpay my mortgage even if I'm planning to sell?
Hi everyone, with current market I'm wondering if it's worth it to overpay my mortgage if we're planning to sell this year? I bought it at 150k and all the offers I'm receiving are between 140-155k only. I'm just considering the fact that we might lose money because our house value is low. Thank you in advance for answering
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Do you need to remortgage to do a transfer of equity?
My husband and I have separated and I'm in the process of removing his name from the mortgage and doing a transfer of equity. My lender is telling me I need to remortgage but I am not borrowing anymore or extending the term. I have 3 years left of my fixed rate and have a low interest rate currently. By remortgaging it…
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Own New Rate Reducer
Hi, what's everyone's thoughts about this New Build Scheme. Where they will give 3% or 5% deposit contribution which will give you lower mortgage rates
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Halifax Mortgage
Absolutely chuffed to have received email confirmation of our remortgage offer with Halifax yesterday :) In the process of getting all the solicitor forms completed now! Do we also receive a copy of all the documents through the post in addition to the email confirmation sent via our broker? Many thanks in advance
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Do I qualify as First Time Buyer ?
Hi. Idk if anyone can answer my doubt but here it goes: I'm looking to buy my first house in the UK as I'm a British citizen now, but like 20 years ago, when I was still living in Spain as a Spanish citizen I bought a flat in Spain and then 4 years later I sold it. It was around 2008. I moved to the UK in 2015. Do I still…
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Let-To-Buy
Considering a Let-To-Buy to provide a stop-gap as my property needs a little more time to sell than our vendor is prepared to wait. I'm familiar with the principles of a Let-To-Buy (including the additional stamp duty) but wanted to know if keeping it on the market is an option? or if it needs to be removed at the point…
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Maximum length of time to extend a mortgage offer?
Hi all, I was really lucky to receive a mortgage offer for a freehold house owner-occupied within 3 working days from application mid January - it expires on the 14th July. I have recently had to pull out of the purchase it was for, and it is being transferred to a similar house (valuation was Monday so hopefully will be…
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Paid off mortgage with Nationwide, final statement? Overpaid by £58.
Hi I paid off my mortgage end of January. The last payment by direct debit (£58) was still made, thus putting the mortgage in credit. At the beginning of Feb I received a letter telling me the mortgage had been paid and would be closed. I expected some kind of final statement but haven't received anything. Also the £58 I…
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Is it possible for me to get a mortgage?
Hello everyone. During previous financial difficulties, I experienced some defaults around 2019. The last of these drops off in May 2025. I have always been working to that date in terms of applying for a mortgage. However, due to my current circumstances, I am now looking for somewhere else to stay, which means do I rent…
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Initial underwriting
Hi, just been told by mortgage advisor, that lender advised that we have passed initial underwriting. What does that mean? We are using valuation , which was already done previously. They only had one question at this stage, asking if my mum will live with me and asked memorandum of sale. Is this a good sign?