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Mortgage fix rate ends
Hi, We bought our house via Natwest 7 years ago now. Our fix rate is up in December and offered us a few options, and i noticed that our monthly payment will increase. My partner wants us to have have the house valued again due to us having it cheap and we have done loads of work to it. Is it worth doing this then shop…
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NatWest Mortgage from Metro Bank
Hi - we had a mortgage with Metro Bank which was purchased by NatWest in November 2020. We received letters from both banks advising that there was no change to terms and conditions as a result. Under the terms and conditions of the Metro bank mortgage we were able to port the mortgage keeping the same interest on the…
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Nationwide offer expiry 'grace period'
HiOur mortgage offer for the property we're trying to buy expires soon. When we rang to check if it could be extended, they said no but there's a 15 day 'grace period' to complete if needed. Does anyone have any experience/knowledge of this? If the initial expiry date was say 20th August, do we have to have exchanged by…
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What are my options for last year of mortgage but coming to end of fixed rate.
I currently have a fixed rate of 2.79% with Bank of Ireland (They took over Bristol and West after i took out mortgage) This rate ends on 31/12/22. I calculate that i will owe about £63k with 9 years left on the mortgage on that date. My monthly repayments are £651. LTV is 23% I plan to retire in Feb 2024 and will be using…
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Overpayment question
We owe about 200K on our mortgage over 32 years. Our rate is 2.05 and is fixed until Nov 2025. We are thinking of overpaying about £250 each month so that our LTV is as good as possible in the Autumn of 2025. Is there any reason why this isn't a good idea?
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Deposit/ exchange
Hi All, I am hoping this will post as it is my first time on the forum and I’m in need of some advice. my and my partner are purchasing a property and have accumulated some money in our joint a/c for the deposit, the solicitor has now asked for proof of funds, which, we have provided however, given that we can not validate…
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How do First Direct Overpayments work?
Can I overpay my additional borrowing part to say £500, ask them to recalculate my payments and pay £1 a month and then pay the remaining balance of £488 when the fixed rate period finishes in 12 more months? The term on the account is 30 years.
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Shall we fix or not?….opinions wanted pls to help us decided
We have £39,500 left o/s on our mortgage and our fixed rate is due to end on 31/12/22. We suspected the interest rate would rise so three days ago my dh applied for a new mortgage and has been offered 3.29% fixed for three years (we are hoping to pay off at the end of 3 years)…..however we will incur a penalty of £148 if…
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Fixed rate ending and moving house - help!
Hi, we have just sold our house and we are looking for a new house. But our fixed rate ends at the end of September. With the news today, is it advisable to get a new fixed rate mortgage now whilst we look for a new house? Our mortgage is about £250k. Once we find a new place we'd need to port that mortgage and then get…
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What does interest rates rise mean for new applicants?
What does today's interest rates rise mean for mortgage applicants just put in in the last week or two?
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Mortgage with old default and CCJ
Hi everyone, Just trying to get some advice. I have been looking online but can't really find useful information. Basically after mismanaging debt stupidly when young I am left with 4 defaults that are 4 and a half years old and 2 ccj's (one for 2000 FEB 2021 and one for 1300 MAR 2021). I am fortunate to be recieving…
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Panicking about Natwest product switch please help
Hi I am having a major panic and of course in light of today's interest rate announcement I cant get through to the bank. Can anyone advise me please? In July I agreed a new 5 yr rate with Natwest as my current rate ends in Nov. I went through the options via the website, logged in and selected a new product. I received…
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How long to fix for?
Hi All We are coming to the end of our current product in early 2023. What’s peoples view with regards to how long to fix for given the BOE comments today? 2 years? 5 years? More?
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Mortgage Extension Process (NatWest)
Hi all, Our new build is looking like its going to be ready right on the tail end of our mortgage offer expiry date this month. We've applied for an extension with NatWest, just incase we need it. Any idea how long this takes? And has anyone had any experience of this request being declined? Thanks.
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14 months left on fixed rate and worried
Hi, I've got 14 months left on a Santander fixed rate at 1.84%. I'm worried that rates could be more like 7% when I have to remortgage which will add about £500 to my monthly payment. I've got 16 years left on the loan and have been overpaying when I can. I've asked Santander if they will let me re-fix early as current…
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Lifetime mortgage should I draw down remaining amount?
I am 78yrs and have some money left in drawdown facility of my lifetime mortgage and as it is a fixed rate interest with each draw down should I draw it all out before bank rate goes up Again!
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Tracker vs Fixed given recent BoE announcements
Hi all, Our mortgage deal comes to an end in a couple of months and I'm looking for our next deal. We're currently on 1.59% fixed. The fixed deal on offer at the moment is 3.54%, or a tracker at base rate + 1.39%. Given that there are now predictions of a recession but also that the base rate may rise, I'm torn over what…
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Bank of England increases base rate to 1.75% – what the rise means for your mortgage and savings
The Bank of England has increased the base rate to 1.75% from 1.25% - the biggest single rise in 27 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn... Read the full story: Bank of England increases base rate to 1.75% –…
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Mortgage application - have I messed up?!
Hello! I’m applying for my first mortgage, the applications going through and I have some regular payments coming into my bank for some online work I did - not declared, doing surveys etc. it amounts to 1400 over three months and the mortgage broker has asked about if it’s a second job, I’ve not declared this as I didn’t…
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Leeds building society timescale
Hi can anyone tell me if they experienced the timescale with leeds building society?
