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Follow on mortgage rates
Hello, I have a mortgage with Santander and my current fixed rate ends July 2022. They texted me this morning saying my new offers are ready. I've had a look and interest rates haven't gone up too much - currently on 1.39%. Their offers vary from 2 years, 5 years and 7 years. The 7 year deal is very competitive to the 2…
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Pre-requests and Mortgage
Hi all! I am hoping to begin applying for mortgages within the next year with my partner. At the moment I am currently renting with her and we pay bills to this address e.g. CT, internet water etc. . However all my bank accounts / credit cards are linked to my old home address (where I grew up with my parents). I've never…
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Electoral roll quandary whilst in between homes
We are in the process of selling our home and buying another property but there will be a period of approx 6 months between selling the current home and completing on the second. In the interim, we plan to live in a static caravan on private land. My question is with regards to our listing on the electoral roll for this…
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Pay Rise - Should I tell my mortgage advisor
Hi all I should be completing on my house hopefully in about three weeks, mortgage has been in place since start of Feb. I've been fortunate enough to receive a pay rise that will be reflected from next months payslip, should I let my mortgage advisor know in the spirit of keeping him up to date with changes in…
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Advice for renegotiating following down valuation (FTB)
I would be grateful for advice on how to go about renegotiating on our house purchase. We are first time buyers and had applied for 90% LTV The mortgage valuation came back yesterday evening as 4-5% lower than our offer, back to the houses original asking price. The lender has offered the maximum they would lend based on…
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Repayment/Interest Only Mortgage Calculator for Variable Rate with 5yr Discount Period
I've been trying to find a mortgage calculator which will provide me with a comparison of monthly payments between repayment and interest only basis and which take account of a fixed discount period. There are lots that can do standard repayment/interest only comparison but I can't find any which allow me to include a…
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On benefits and income and property sale outright - chances of mortgage
Am just putting this out there to see if anyone have any decent advice as to possibilities I could consider 🙂 I have a two bed flat in Berkshire, new build 10 years ago. If selling can expect get £240 k I own it outright with no mortgage. I am considering moving as costs still currently £150 per month service charges which…
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Mortgage fees
Hi All, I am kind of confused what is happening when from lender to lender the whole process can be very different or at least the way the lender informs you what they have done and what they are about to do. I filed 2 applications in the last 24 hours and:1st lender booked the mortgage valuation for the following day -…
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Leeds building society application time line
Leeds building society rang and said all our documents have been accepted and we are due a valuation tomorrow. In people’s experiences if a mortgage makes it to valuation stage with Leeds is this a good sign? If the valuation comes back fine of course. They’ve asked for no more documentation and seem to be fine with what…
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MSE How much can I borrow? calculator - seems very low
I am thinking about moving, and have been looking around to see what is available nearby, and have done a few online 'How much can I borrow?' type calculators to get an idea of the ballpark house prices we can be looking at. On most calculators (on Nationwide website, Money Supermarket etc.) I am told we can borrow up to…
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Accord mortgages - any recent experience?
Hi all, Has anyone had any experience with Accord as a FTB recently? What are there current timelines like? Thank you
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Offset mortgages
I'm looking for an offset mortgage and hardly any lender does them with reasonable rates. Does anyone know which lender offer mortgages with offset facility?
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If you need to speak to Bank of Ireland mortgage department...
...Have a flask of tea and sandwiches available.You'll need them! Despite a pre-tax profit of £1.2 billion, they simply don't have sufficient advisors available. Not only this, but I have been passed from pillar to post on a current application for a change to a mortgage which has been running for a number of years. At…
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Advice please
Please can anyone advise on the below:I applied for a mortgage through L&C, highly recommended by yourselves MSE. The property is a cottage on my parents farm, who have provided me with the gifted equity for the deposit, the utility services are renewable energy, biomass, windturbine and natural spring. All of which was…
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Zero hour contract
How hard is it to get a mortgage on a zero hour contract - I have very regular income on this contract (full time hours) I also have a large deposit
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Nationwide Mortgage application
WE have recently got a DIP with nationwide and got an offer accepted on a house Went to put in a full application as chose to have advice. I assumed this would be a quick talk to someone but i was booked an appointment for 10 days later that could last up to 2 hours... Have quite a low LTV so theres not going to be a great…
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Percentage of income spent on mortgage low compared to 40 years ago
I took part in this week's poll on the percentage of income spent on mortgages or rent and I was surprised to see that the average for people in their 30s and 40s was about a third and the most was about 45%. When my husband and I got married in 1980 we bought a house by saving hard and not spending a penny on anything…
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Mortgage deposit
Hi, Just have a question. So I have some funds in premium bonds, but also created one for my son. I've had this for sometime, but have now closed his bond and transferred this across to mine as things have changed and we need a bigger house. So currently it shows that the whole bond is in my name. Would this be sufficient…
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Unilateral notice on Title deed | Middle of remortgage
I am currently in the middle of remortgaging our property, the solicitor of new lender have advised us that there is a notice on our title deed that is in favour of local council. I am not really sure why this notice is there on our deed as it is a freehold property solely owned by us. I have also contacted the Land…
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mortgage
Hello all my partner and I want to buy a house together but it's not plain sailing. My credit rating is good now after a hard slog following a difficult divorce and defaults. My partner also divorced with a current mortgage but has a default from a credit card so showing on her credit file (she has an arrangement to repay)…
