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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…
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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…
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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…
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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.....
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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.…
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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.…
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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…
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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…
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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…
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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…
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Bluestone mortgages
Hi our application with bluestone went in last Thursday and our valuation is booked for the 14th - is getting to valuation stage a good thing? We are first time buyers never in a million years did we think we'd be able to even possibly buy a house I just don't want to get too excited 😅 so any info or time lines would be…
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Bluestone Mortgages
Hi All, We've recently received a DIP with Bluestone, my credit file is in a terrible state and to be quite honest, I firmly believe our broker performed nothing short of a miracle to pull this off! (Lets just say- missed payments in January, payday loan 5 months ago, a DMP and 2 defaults 7 months ago... the list goes on…
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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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Experience reapplying with same lender?
Hello, We went through the whole process of submitting an application with Santander at the end of March. It was decline due to them needing an extra document that I was only able to obtain now. Broker said that was apparently all that they needed, and that they were happy with everything else. We are due to apply again in…
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Mortgage and Partner's Credit Rating
Can someone please advise if my husband’s credit rating will be negatively affected if he adds me to his mortgage? We have separate finances and he’s got a perfect credit score. I had a voluntary house repossession in the past which will continue to affect my credit rating for another 3 years. I want to pay a lump sum…
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Lenders not wanting to lend
I am going for a mortgage app in a few weeks however I have been told that a lot of lenders are being very picky or looking for reasons not to lend. Is this the case or should I pay no heed?
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Barclays lending criteria warning
This is a tip to potentially save wasting time with application with lenders, Barclays in particular, by checking their lending criteria upfront. According to feedback received from Barclays mortgage advisor, they use an independent surveyor to indicate suitability of property to lend on. Having wasted several weeks of…
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Mortgage after exchange (weird one)
Hi all, after mortgage approval and now at exchange it appears a new credit entry from PayPal credit has appeared with historical data showing missed payments I'm 2019, 2020,2021 are showing. This was not there when mortgage was applied for in May this year. Could this cause issues days away from completion if a check is…
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Help understanding how much is left to pay on my mortgage please - Nationwide
I recently re-mortgaged with Nationwide and am struggling to understand the online account screens, and therefore how much total capital remains to be paid off. I have made a couple of overpayments in excess of £500 and received a letter each time confirming by how much these had reduced the mortgage term. However, I also…
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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…
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Overpaying sub accounts
Hi, I have 3 sub accounts and allowed to over pay by 20% per year. 1) 43,300 left allowance overpayment until Dec £6,500 2) 10,300 left allowance overpayment until Dec £1,700 3) 1,882 left allowance overpayment until Dec £184.00 they all have the same interest rate 5.41% fixed ends March 2026. I am overpaying £500+ extra…