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Overdrafts and remortgage
Will it stop you getting a remortgage if you use an overdraft? Both me and my husband have an overdraft facility we use each month, the overdraft is repaid each month when our salaries go in nut by month end we are both in our overdraft. Our mortgage is £95k and we have had it since 2006 so there in no issue with…
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Fee of Receipt and return of notice of remortgage charged by management company
We are in the process of remortgaging our 2-bed flat, which is a leasehold property. The remortgage is offered by HSBC and we were confirmed that all fees are covered by HSBC's free legals. However, we just received a letter by HSBC's appointed legal team that we need to pay a fee "to receipt and return of notice of the…
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Remortgaging by splitting NRAM Together mortgage
Hi all Believe there's been some press about this recently and the rate hike that happens to the unsecured loan if you split the Together Mortgage by remortaging the secured element elsewhere. (Google away!) Well, my wife and I have just done that and I wanted to hear about other people's experiences - particularly around…
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Moving Lender - how soon can I move again?
Hi Is there a minimum time limit between when you can switch lenders after having taken out a mortgage? Or if you wanted to do additional borrowing with the same lender? Thanks
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Who's House
Hi I hope this makes sense! Back in 1989, after the sudden death of our father, my two older brothers agreed with my mother to buy the council house in which we all lived. I was 20 years old at the time and earning little whilst completing an apprenticeship, while my brothers earned significantly more from factory work; so…
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Not enough time for new mortgage to come through, should I pay off current mortgage?
Title probably made no sense at all, sorry! We are selling and buying. We have a mortgage on our current house, hoped to port it to new house but lender has advised around 8 weeks process, we have exactly 8 weeks til our date of entry! We can pay for the new house with cash, but were hoping the mortgage would come through…
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Completion before house is ready.
Evening all, Waiting for our house to finish being built so that we can complete on the 20th October. NHBC doing their checks on the 17th. This has already been delayed by a week and worried that our mortgage offer expires pretty soon. We exchanged contracts back in April. Was wondering, would we be allowed to go ahead and…
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Pulling money out of properties for deposit for house purchase
We have seen a local 4 bed semi house for sale at £85,000 that we are looking to buy for another Buy to let property , we did a mortgage application today and it was successful , we have around £20,000 in saving but would rather pull the £21,250 that we need for the 25% deposit out of our other properties we currently have…
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Advice on reposession???
Hello all, Could I get some advice / opinion on what the best thing to do would be in my situation ... In 2009 my father and I take out a Halifax mortgage, with an independent adviser, on my first home. I move in, and all's well, but then due to circumstances I decide to study further and my father takes on the property…
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Last mortgage payment
Hi, We are hoping to exchange and complete on or house sale and house purchase in early November. Our current mortgage payment come out on the 27th of the month. Do you pay your mortgage a month in advance, will our payment at the end of October cover us for November. If so and we do move early November would we get some…
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A bit worried - not sure whether to still apply
We have just found the house of our dreams at a very good price as it is a family friend. The house is worth 160,000 and we have 16,000 to put as a deposit. I have one loan which is nearly due to be paid off and my partner has his student loan of 80.00pcm. We have no credit cards or any additional finance and overdrafts…
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bank of ireland svr
Hi I have a btl mortgage with bank of Ireland via the post office which has now just gone onto svr I thought the SVR was going to be 4.49% as per all the whoo har a couple of years ago when they increased it the letter says the rate I have gone onto is 2.49% which is the original svr I signed up to Am hopeful they haven't…
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Buying a house with no gas connection
Hi, We are looking at buying a house with no connection to mains gas, lpg or oil tanks as the central heating is run off a back boiler from a multifuel stove. Does anybody know if this would affect our chances of getting a mortgage on the property? Thanks
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Will these affect my chances??
Hey there, long time browser, first time register and poster! I'm looking at purchasing my first home with my Fiance and I'm trying to look into whether or not I'm in the best position I can be to be accepted for a mortgage which is hopefully going to be a help to buy next year in Scotland. My circumstances are slightly…
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If the Seller has owned the house for less than 6 months...
Hi everyone! I've recently joined this forum, it's been a great help, so thank you. I do have a question that I couldn't find the answer to though. We are FTB and have found our perfect house. We've recently had an offer accepted, mortgage offered (Nationwide) and Solicitors have begun working. The solicitors have flagged…
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Mortgage offer and energy switch
I received my mortgage offer from Santander and now the paperwork is done by the solicitor. I would like to switch the energy suppliers this month and was wandering if this could have a negative effect (through the credit report) on completing the mortgage. Anyone have an input on this? Many thanks.
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Adding ERC to new mortgage when with HSBC?
Hi Is there any way I can clear the ERC from an HSBC mortgage without having to pay it up front? We are staying in the same house but want a better deal. Currently have 2.5 years left on a fixed term at a stonking 5.49% when we can get 2.19% on another HSBC product. I had hoped that we could add the ERC to a new mortgage…
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Stay put or fix
I'm looking for some advise what to do. This is my current situation Left on mortgage - £72000 (1.74% interest) - £378 per month – 19 years Left on current account - £12500 (4.99% interest) - £100 per month Left on loan - £4000 (5% interest) - £475 per month – 7 months left With the news that interest rates going up maybe…
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Halifax
Do Halifax still solely use Experian with mortgage applications?
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Worried - do HSBC allow switching to IO?
OH had to stop working at Christmas for health reasons, until now has been on full pay but next month this will drop to 50% minus out of hours bonus and shift allowance, i dont work either. We have a mortgage and a secured loan which total about 80k. House currently valued at 150k. What are our chances of switching to an…
