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Information on my parent buying a second house
Hello, My mother has recently paid off her mortgage, she's 62. Zoopla values the house at around 100k. I am asking for advice on her being able to get a homeowner loan or remortgage (I'm not sure how these work) up to £60,000 to buy a flat. Is it likely that she'd get anything at her age? If the money is going on property,…
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Take a credit card out or no?
Hello! Hubby and I are 8 months into a 2 year fixed mortgage with Kensington mortgages. Went with them due to some past credit issues. When we come to re-mortgage in 2023 then our advisor is confident we'll be able to re-mortgage to a better lender with better rates, as long as we keep doing what we're doing, ie paying…
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Mortgage help
Hi We are in talks with a broker and are awaiting his verdict but I was just hoping for a little reassuring. We have found our dream house and thought the mortgage would be relatively straightforward. However last week a random missed payment appeared on my partners credit report. We have contacted the business in question…
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5 year fix seems to stretch for 7 yrs .... see screen shot
Hello all, I was looking to remortgage later this year, as I believed I was on a 5yr fix since Sept 17. My Mortgage status screen in the online portal looks really odd though, it states 5 yr fix since Sep 17, but seems to imply I'm tied in until Nov 24
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Getting mortgage with my situation
Hi All, Long story short, I had money troubles growing up (18-22) and got myself in debt and CIFAS Cat 6 marker. Thankfully I have changed my life and finances. Myself and my partner are looking at moving out in the next few months and I wanted to look at our options. In an ideal world we will buy a house but I feel that…
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Fixed 5 years mortgage rates cheaper than 2 year ?
I am first time buyer, just my offer got accepted. when i was looking into natwest, halifax rates, some of fixed 5 years product cheaper compare to 2 years. Do you think upcoming years inflation increase which impact rate of interest hike? Any demerit considering 5 years fixed? Any advise please.
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Re-mortgaging - Requesting additional money but to release later
I would like to borrow some additional money for an extension during the remortgage process. However, the building work would not start until Jan 2023 at the earliest. Probably a daft question, but are there any solutions that could allow me to get a remortgage now at this current interest rate with an agreement to get the…
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Barclays Mortgage Timeline 2022
Hi all, what are peoples experience with Barclays for 2022? My broker submitted my full application on Monday 11th April and it’s track it states case not started yet, no hard credit check or anything.
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Will the estate agent have access to more recent sold data than the land registry - for comparables?
I am fully expecting a down valuation and understand that the estate agent will have to provide 'comparables.' What are the chances of the estate agent having access to more up to date sold prices than that which the surveyor is able to see on Land Registry (which is a good few months out of date)?
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Santander mortgages help
Hi all, Can anyone tell me what rate they have been paying for a 2 year fixed rate deal with the Santander (Abbey National) when you are an existing customer phoning in for a deal, I'd like to go back to what they offered during 2010 and onwards. I've been an existing customer for years. What rate did they give you each…
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What are “final checks” on mortgage application?
Hi, I was just wondering what the final checks are of a mortgage application? Our broker says that all our documents have been signed off by the underwriter and application has now been sent for final checks? Thanks 😊
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Does anyone know if Nationwide offer a 'grace' period if breaking the chain?
Our sellers' Solicitor is waiting on a Statutory Declaration to arrive by post tomorrow. If that arrives then exchange should be possible on the entire chain of 7. If it does not then they are discussing breaking the chain to allow exchange below them. They would then look to exchange in the following couple of days after…
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Early remortgage advice please
After some re-mortgage advice if possible, please. I trying to see if I will be better off getting a new 5yr deal early and paying the clause as I’m worried interest rates could be much higher than they are now come the end of my current deal. Figures: House value £450,000, by end of current mortgage deal there will be…
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I’m messing it up!!
Absolutely gutted. We found a lovely house that we put in an offer for and got accepted. When we originally started looking for a first home I wasn’t going on the mortgage because my credit history isn’t great. I know I’m just very irresponsible with money. Bills are paid ect but sometime miss the direct debt by a day or…
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Mortgage in Principle Possibly Declined Due to Sickness
Firstly, sorry for the long story, but thank you for sticking with it. Here goes… my girlfriend and I are looking to move house. We bought our current house 5 years ago for £158,000 and it has now sold for £240,000. Our family is growing and the house is too small. We have seen the perfect house for us and not a thing…
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General Mortgage Advice
Hi, I am seeking some general mortgage advice or is it re-mortgage advice. What options are available if someone has 2 properties (me and my partner's houses) valued at approx £100,000 each, both mortgage-free. A savings pot of £30,000 Interested in purchasing a new property at approximately £180,000 in regards to the…
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Is remortgage.nationwidemortgages.co.uk website valid ?
Hi all, I went to get a mortgage from Nationwide and through a convoluted set of links and clicks ended up at remortgage.nationwidemortgages.co.uk. I went through the process not noticing it wasn't Nationwide.co.uk. I paid my mortgage arrangement fee and it has shown on my Nationwide bank account as Nationwide Arrangement…
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Mortgage help for my mum
Okay, so my Dad just passed away leaving my Mum with an outstanding mortgage of £45k. My mum is retired and only has her state pension no savings unfortunately. Mum mum and Dad have been in an interest only Mortgage with LLoyds and the term ends August 2023, so have 14 months left to repay. Around 3 or 4 years ago my Dad…
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Adding wife on the mortgage & deeds
Hello, We've made an application for a remortgage and my wife will apply as well (she wasn't previously). No issues with this so far as the legal fees are covered. When we've started the application with our solicitors, we've been asked to pay a fee of £250 for the transfer of equity (fair enough). On top of this, we'll be…
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Please Help!! Being asked for same day exchange & completion.
Will spare most of the details as it's been a mess. We finally thought we were getting somewhere. - Chain is 7 transactions long. Bottom has been in place since August. We are second from top and only had our offer accepted 10 days ago. - All enquiries from solicitors are done. - Bottom of the chain have a mortgage with…
