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Help! Mortgage declined after two late payments on buy to let
Can anyone help? I have had many mortgages in the past and always paid on time. My credit record has always been excellent. I have been going though a messy divorce. We agreed to sell our jointly owned buy to let. Sale was meant to complete before Christmas 21. I was pressured into ensuring the tenants vacated which I did.…
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Ex refuses to take name off mortgage and leave
We have a joint mortgage, not married, 4 children. He had affair and now Is refusing to leave the house. He’s been emotionally abusing me since it happened over a year ago and although I can have mortgage on my own he refuses to remove his name to keep control of me. If the house has to be sold I won’t be able to afford in…
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Remortgage | Old lender funds not redeemed
Hello - all helpful people, Just here to take a bit of advice really. We have completed on remortgage yesterday. The solicitor of
new lender have advised that they have redeemed old lender(Barclays) funds, but
while tracking online through our mortgage account and on speaking to Barclays
they couldn't locate a payment has…
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Experience of switching Nationwide mortgage deal during fixed term
We want to switch our deal and fix for 10 years now, before the interest rates go up. It makes sense for us, even with the ERC. In order to do this Nationwide insist you speak to their mortgage advisor. This is fine but I'm puzzled over why the appointment takes 1.30 hours. It's not an affordability check as it's a deal…
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Requesting a loan against the mortgage
We took out a new mortgage back in October 2021. So have made 7 payments. Is it possible to take a loan out with the mortgage provider and they add the loan sum on to the mortgage? For example to do home improvements etc.
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Porting mortgage - any point using a broker?
We've just had an offer accepted on a house, having only been in our current home for 3 years (which we've just sold, STC). As we're still on a fixed rate for our current mortgage, we're considering staying with our current provider and porting to avoid paying a big early repayment charge (around £2k), but have been…
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Second home advice required
3Hi. Please could someone help with this. My job is moving. I wish to keep my existing home (worth approx 325k, loan left only £1000 costing £8.50pm) and buy a small home near my new work address, which I will sell in around 5 years when I retire. I will then move back to my existing home. I have no deposit to put down. I…
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Santander Mortgage
I applies online for a mortgage with Santander. Got an AIP first and was offered a lot more then. On the actual application, 2 weeks later it got declined and they were only able to offer us 4K less than what we were asking for. Submitted the application back. Not sure if it will get accosted? Any ideas?
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Mortgage Advice - After a relationship separation?
My partner and I are splitting up. So the splitting is on good terms. We are not married but we have a mortgage together. My partner's relative gave us a deposit for the mortgage and we have been meeting the payment. We brought the house last summer and our house value has gone by £40k. But we can't agree on whether to…
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Mortgage for Student Son
Hello - would appreciate any advice (sorry in advance for the length of the post and if some details are not relevant but included for context in case). Our son is off to study medicine in September - A level results permitting. Given the intense competition for places, he's only had 1 offer and it's hundreds of miles…
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Mortgage payment versus rate query
Hi, I am making overpayments monthly and have been for some time. Today I was looking at the overpayment calculator to see how much I would benefit from the overpayments and noticed that when it asks you the rate you are currently paying ( in my case 2.22%) it says that my monthly payment is around £423 when in fact it’s…
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Remortgage to release funds for home improvements
Hello I purchased my first home in Dec 2021 for £200,000 with a 10% deposit (via Kensington on 2 year fixed). The property has recently been valued by several estate agents at an average of £240,000. I bought it cheap in the first place but have also done work on it. In order to remortgage to release some of the additional…
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Son getting mortgage for parent
I had an offer on my flat yesterday. The estate agent confirmed this via email with the buyer named as the person who wants to live in it. I rejected this first offer and they came back with an increased offer which I accepted. The follow up email then gave the name of her son as the buyer. The EA said she has a large…
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Mortgage renewal - should I go 2yrs or up to five years fixed?
Hello I know the above answer depends on a variety of factors. I don't plan on moving house and my circumstances are unlikely to change. I have been offered the same fixed rate over 2, 3 or 5 years. Does anyone have any resources in terms of inflation / interest rate predictors that might give me some guidance about the…
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Has anyone experience of leaving a residential mtg on consent to let until you can move it to BTL?
After the initial period of 12-24 months expired? Did the lender allow it? Concerned that you may not be in a position to return to the property just yet or the BTL criteria isn't met so you cant move it to that type of MTG just yet either
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How soon can I product switch?
I have just taken out a mortgage product, 2yr tracker and I wanted to switch to a new product with the same lender. Is there normally a minimum amount of time that I have to stay with this product before they will let me switch? It has no ERCs so in reality could leave at anytime.
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No searches on Credit File?
Hello, I have recently been given an AIP through Barclays. Full application went in on the same day (31/03/2022). I was originally turned down by Leeds. Barclays have asked for clarification on a few things via my MB and I haven’t heard anything for a few days now. I checked my Experian and Equifax credit files today and I…
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Remortgaging from joint borrower sole proprietor to sole borrower
I have a joint borrower sole proprietor mortgage with my stepmother. In three years my mortgage deal will end so I hope to remortgage on my own. I've been overpaying, my wage has increased (and is guaranteed to increase more) and I've added value to the property by doing it up (new kitchen etc). In three years I'll need to…
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kensington mortgages move to engage
in november 2021 i was asked by my mortgage provider kensington mortgages to take out a mortgage offer because i was a mortgage prisoner and they had signed up to the voluntary scheme . it states that in my mortgage description for the remainder of the term of my mortgage my rate of ksr stays at 4.09% . but now my mortgsge…
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Advice about existing mortgage and structural repairs
Hi All, Pretty stressed and don't want to create more problems for myself. Iin the process of selling my flat, a buyer's survey highlighted some possible structural issues on an aspect of the property I can't normally get access to. I'm insured and and have booked a structural engineer so should hopefully know more soon.…
