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Fixed rate mortgage rates
Any sign of mortgage lenders lowering their fixed rate mortgage rates in light of the BoE rates going down so much? I am with TSB and my mortgage expires at the end of June, so at that point I can renew with anyone, but I can renew with TSB itself as of 01 April next week, but I've not seen any sign of lower mortgage rates…
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Rate fixed for 5 years - what happens afterwards?
So I'm new to how mortgages work, and I've completed my (re-)mortgage just a few days ago - my mortgage is fixed for 5 years ... I'm wondering what happens after 5 years? Can I ask the same lender to fix the rate for another 5 years? Is it an easy process to update/fix the rate or is it going to be another new procedure…
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Endowment due to mature this year.
I have an endowment policy that is due to mature this year. I have already been told that there is a shortfall on the initial mortgage sum, but with the economy in freefall the shortfall has doubled. I have asked if I can extend the policy but been told that this is not possible. I know there is help out there for mortgage…
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Keeping up with mortgage payment
Hi I have a buy to let mortgage with mortgages plc. I have tenants who are self employed and are at home with no money coming in. They have given me notice that they can’t pay me rent money next month. I am trying to call the mortgages plc but the number available on site I have been on the phone line for 40 minutes and no…
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Abbey Life mortgages
Hi all, Newbie here. After a contact number for the above.Been told Santander now handle their accounts is this correct? Thanks Nick
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95% mortgages
Will they still exist?
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Removing ex from mortgage
Hi. I would like to remove my ex from the mortgage, and I'm aware I can remortgage in my own name with his consent. My question is, when we get divorced in a year or so (have to wait until we have been separated long enough), if the mortgage is solely in my name, will he be able to claim anything of the house at that point?
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Balance transferring to someone else then taking balance back once moved
Hi, My housing situation has changed suddenly and I'm requiring to move somewhere more expensive, permanently. I'm struggling to get a mortgage offer where I can take a mortgage and retain £10k of credit card debt, as they're worried about indebtedness moving forwards. Even with these credit cards my personal earnings…
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Awaiting mortgage offer and Covid-19
Good evening, Hope you are all safe and well. What a time to be buying a house eh? FTB 95% applying with NatWest. This is my timeline so far: 20/02-1st Viewing 22/02-2nd Viewing and Proposed an offer 22/02-Offer accepted 28/02-Mortgage appointment and solicitor appointed 06/03-Mortgage application submitted 12/03-Valuation…
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Will 'lockdown' effect house purchases?
Does anyone know what happens now to all of us who are currently buying And or selling? Can we still exchange and complete? I'm now more anxious than ever.
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Different affordability between broker and lender
Hi This one is for the brokers, hopefully someone will be able to help. I am porting so went direct to lender and they told me how much more I could borrow. To take the stress out of the process I approached a broker who told me my affordability is 20k less than what my lender has said i can borrow. Have any if you come…
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Mortgage Amount Question
Hi Has anyone applied for a mortgage and been told the bank can lend you more that what you have stated on your application? We have just put ours through with Nationwide... its 8k less than what we need though and we believe we can get more. Anyone else also in this position? How do you calm the anxiety that comes with…
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Buying advice
So ive now visted a property which i like twice now and considering an offer. Im looking at some articles on line which state house prices could drop by around 12% from some reports and dont want to get stung when we could have got the property cheaper. Also im hoping that rates will drop which they havent just yet. Im a…
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Natwest - awaiting survey to be carried out
Obviously I appreciate the current climate surrounding Covid 19, but just looking for insights and assurance. My situation: Applied for a mortgage with Natwest, got mortgage offer, sale fell through, found new property, resubmitted and passed underwriting, paid for new valuation survey... Nobody has even contacted the…
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How Long to Wait before Submitting my Mortgage App RE: BOE Rate Cut
Hi everyone, So I had an offer accepted on a property a few weeks ago and I'm ready to send my application off. However, I'm wondering how long do I drag out the sale (easy to do with the current situation) to see if the BOE rate drops the interest rate on my 3 year fixed product any further from it's current 1.56%. A…
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Early Repayment Charges
Hi All Ive got an issue here. Im re-mortgaging from a Nationwide 2 year fixed term to a Coventry 5 year fixed term. The fixed term on the Nationwide product is due to finish on 31/03/2020. The solicitors have proposed a completion date of 24/03/2020 and have explained that Nationwide usually waive the ERC in the last month…
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In the process of remortgaging. Options?
Firstly I'm conscious that many many people are in a worse situation that me, however I thought it would be worth asking a question on the appropriate forum to see what people advise. Background: About 6 weeks ago I started the remortgage process as I am nearing the end of a 5yr fix with BOI/Post Office (approx £100k…
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Loan
Hello im contemplating getting a loan to pay off credit cards. I have a loan already for a car. I am also going to be moving once this Virus has disappeared. My question is should I get the loan and have 2 loans in place and empty credit cards? Or wait until remortgage and pay off from equity of house? How would it affect…
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House Sale in danger?
Hi. Thoughts on COVID-19 impacting house sale completion? We are due to complete sale of our house end of april. Worried that mortgages will be withdrawn or solictors wont be in work to do their job. Even worried that lockdown will prevent removals. Thoughts? Thank J.
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First time buyer Lifetime ISA DMP
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