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Extending term of offset mortgage
Hi I have an offset mortgage with First Direct which is roughly
25% LTV. It’s due to be end in six years’ time when I’ll be almost 61. Right
now there is very little owing on it as I accessed some tax free cash from a
pension, but I plan to carry out some home improvements so borrowing will go
back up in the next year or…
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Should I change to 5 year fixed from 2 year?
helloI just got my offer for 2 year fixed rate 1.78% percent 85 LTV Mortage.Now with on going issues in the world and the very likely chance that BoE will put up interest rate this and next year would people here think better idea to pay bit more now to keep low rate for 5 years?A current 5 year fixed from same lender is…
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Do I stick or switch?
Hi, I am hoping to get some advice please. My mortgage rate comes to an end at the end of April and I will move to a variable rate of 3.99% (base rate +3.49%). My intention had been to move home but my circumstances have changed and this is currently on hold for now, but I am hoping not for long. My current lender,…
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Borrowing more on Halifax mortgage
Hi! I am hoping to borrow more money on my mortgage for a kitchen refurbishment. We have 14 years left on our mortgage and only owe around £86k on a house that is worth around £170k or possibly more. I am hoping someone has some experience applying to borrow more online with Halifax. What is the process? Is it similar to a…
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Should mortgage be in both names?
My husband took the mortgage in his name only because at the time I was not in regular employment. Now I am working should we change to both names? I would also like to buy a property to rent out, so unsure if easier if we both have a separate property.
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Remortgaging from fixed rate with adverse lender with less income and more dependants!
Hi, Our fixed rate with Aldermore (4.08%) ends in NOV and the plan has always been to remortgage with a different lender. Im concerned this won't be possible due to our cuurrent situation and I'm wondering if anyone can help shed some light on if they think remortgaging would be an option. Here is our info- -We are now a…
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Santander Mortgage offer expiring- help
Hi all, our Santander mortgage offer is expiring in 3 weeks and we still don’t have a completion date- a piece of paperwork on our sellers new purchase is outstanding so this is causing the delay. They are waiting for discharged mortgage information. I’m super stressed that we are not going to complete on time, and…
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HTB - Developer funding allocation
Hi all, Me and my partner are buying through the HTB equity loan scheme and submitted all our paperwork online. We received an update on the portal that some amendments were needed from us and more information was needed from the developer. We did what we could on our end and reached out to the developer to see if they…
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Mortgage after an IVA?
I got an IVA just over a year ago that I've never defaulted on. I don't have any other debts and my bills are always paid on time. My Dad has recently passed away and I will be in a position to pay the IVA in full, not a settlement but the full amount of the debt as well as all the fees. The IVA was for 2 debts, 1 loan and…
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Should I look for a new mortgage now?
I’ve a year left on my fixed rate mortgage and was wondering whether to look to change now just in case interest rates Sky rocket soon. What’s everyone’s thought please.
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Remortgage help?
Any advice please. I am needing to remortgage to do some desperate home improvements. I have a really good credit score with everything showing up to date for years and years. The problem is my husbands score is terrible. 3 years ago he had ill health and couldn’t work, he stopped paying things and has got 2 ccjs and a…
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Change Residential mortgage to consent to let to buy another residential property to live in
Bit of a strange one it seems.... I am buying a new build property with my partner and we have our residential mortgage approved in principle and soon to pay £50,000 exchange fee. I currently own a property with an existing residential mortgage with Barclays (Fixed term finishing this month 11/03/2022) The new build will…
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Searches & Enquiries
Hi We have been held up since January as our buyer hadnt paid for his searches. We believe he has today - how long does it take to complete these? The other end of the chain is getting itchy feet
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2 yr fixed rates hit 2.7% why have they gone up?
Noticed fixed rate mortgages going up sharply for those with small deposits wondered why and what happens when you come off one later this year or next year when it was only 1%?
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Damp survey rejected due to our names not being on the report
Hey all - just trying to wrap my head around the situation we have. We applied for a mortgage with Halifax (in England if that counts). They did the basic survey, found some small potential issues with dampness (plus something else but that's another story) and said the flat can't be valued. Our sellers said they…
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Drawing Down Funds Off The Property
If you have a mortgage and your credit isnt that great, can you still draw down funds off of the property? For example, if I wanted to take out 5k (against the property), would that be feasible? Or would they look at the credit history and decline it, even though the mortgage has been in action for over 25 years? Many…
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Doubts on second home mortgage before divorce
Hello there, I would like to ask for some advice about the following since I am struggling to find answers on google. Although in very friendly terms with soon to be ex (stbx) at the moment, we both have decided to separate and divorce, and we are looking at options. We have 3 kids together, 2 of them quite young ( 6 and 4…
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Getting a Mortgage
Hi. Just need advice. I am employed and I earn £45,000 year I'm also self employed and earn £24,000 year (I have a Ltd company) I am thinking of going fully self employed next month. I have been self employed for 4 years and employed for 2 years. During the last 2 years I did not take out a salary from my Ltd company as I…
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Eviction team don't care about evicting though house has SSTC & offered 2 pay some arrears off
We are pensioners that suffer from health problems and for a while have been unable to work, hence we fell into arrears with our mortgage company We received a letter from Halifax banks eviction team dated the 3/3/2022 and was received this Tuesday 8th of March. The letter says "we've previously been in touch to let you…
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Mortgage scenario -overpaying on differing mortgage terms
Hi All I'd appreciate some advice on the below scenario... I will need a mortgage of £50k on a property of £341k... Using Nationwide as an example, based on the above and looking at a 10yr fixed - for a 25yr term that will be 215.35 per month (Total cost £8,965.49) for a 30yr term that will be 188.33 per month (Total…
