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How is everyone's situation regarding interest rates?
Hello, Just curious how people are finding the current situation and the potential Interest rate rises? Have most of you planned for these types of hiked by saving/getting better paid jobs etc? My situation is im currently on 1.69% fixed until May next year. I'm probably looking at 5-7% rates by the time I get there.…
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Which lenders accept benefits
I work full time, my partner has a mental disability and claims Employment and Support Allowance. I know some lenders will accept ESA as income. Some lenders like Virgin accept 100% ESA. I have searched the internet and cannot find a list of lenders that will accept 100% ESA. Without approaching each lender I thought I'd…
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Confirmation of Santander Mortgage offer
Congratulations to everyone who has just had their offers and I wish those waiting Good luck with their application. I Received my offer document yesterday indicating that the offer was issued on 27th July and my Reflection period ends on 5th August but nothing to sign to indicate that I accepted the offer. I am a bit…
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Overpay vs penalty
We have an inheritance and want to pay a lump sum in excess of our 10% off our mortgage. The quote is £3,400 in penalties. The saving on mortgage payments (interest only) is £1,900 over the same period (ie the mortgage expires next June). I can’t work out why it’s so high when we will still have a mortgage of £100k with…
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Post Office Mortgages - Time scale 2022
Any feedback on PO/ Bank of Ireland Mortgages? Buying a new build, entry Nov 2022 AIP - 29/7/22 Full online application started -29/7/22 Declaration requested by PO - 1/8/22 Declaration form received by applicant & returned with all documents- 3/8/22
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Tsb remortgage application
Hi everyone Currently in the process of an remortgage application with tsb with additional borrowing for debt consolidation. Everything else had been satisfied on the case and we were just awaiting for the valuation - today this came back ok. Now the problem is, my broker has contacted me to say that the figure tsb are…
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Mortgage refusal for existing planning app
Hello There, I’m trying to purchase a property which is a detached country house with 3.5acres. In the middle of the acreage there is some stables and workshop/outbuildings that the current owner has got planning permission for a 3bedroom bungalow on. Have gone through all the rigmarole of mortgage app to be turned down at…
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Expenses towards mortgage
Hi, i have a part time job where i get paid expenses into my bank account every week but do not receive a P60 at the end of the year for this. Can i use this income towards a mortgage? thanks
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Barclays overpayments - do they reduce your mortgage term?
Moved to mortgage-free wannabe thread as more relevant.
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What chances of rejection after DIP
Hi what are the chances of a mortgage failing after a decision in principle has been agreed? Does anyone have an idea of which lenders are more strict than others?
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Remortgaging with 4 missed payments
Hi my husband and I are looking to remortgage to pay off some debts and it’s the end of our deal. I have 4 missed payments one of which will drop of in sept. 2 of which I completely repaid. Should we wait until after sept when one will drop off my file due to being over 6 years.
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Remortgage: Settling Debts - Solicitor requirements
Hi, We are going through a remortgage at the moment and have decided to settle some debts and free some equity for house renovations. The mortgage lender have put the special conditions in the offer that the debts outlined must be settled by the legal advisor. The solicitor has stated that he must receive the settlement…
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HSBC and Optima legal
We started our re-mortgage in February, Its now August. L & C were really slow and there portal doesn't work well. But Optima are beyond shocking, we have been with them since March. We have been waiting completion date since July, All we get is automatic replies . I have raised complaint but I have little hope.
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Has anyone paid a massive ERC to secure a fix rate as they continue to climb?
I have 165k on 1.44% until July 2023 and keep seeing rates increase, my cheapest is now 3.29% if I fixed right now and by the time I can fix a rate in January, I guarantee that rate will be 3.75%/4% minimum. That's at 60-75% LTV. I have a 2% ERC fee to pay if change mortgage now..... I am just put off by paying £3200 ERC…
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How long to fix for? Not straightforward
I currently have a mortgage by myself with HSBC for my flat of £48,000 with a valuation of £285,000 giving a LTV of only 17%. I believe 15 years left. My current rate ends on 30/9. I expect to sell and buy a house with my partner within 2 years so I'm not sure what to do now. I want to fix for 2 years at 3.29% (fee saver,…
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Is it always better to pay off loans before applying?
After speaking to a MA a month ago, I set off to overpay on some small loans I’ve been harbouring. I decided to speak with another MA yesterday to see if they could access any better deals for me and they told me it makes no different to the amount I was offered wether I paid them off or not. I could hear him tapping away…
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Desperate plea for advice!
Long and complex situation but I will try and keep it succinct Applied for further advance in January 22 to fund building works (due to start in March 22) Affordability + credit check no problem. Issue with valuation of the property which held things up. House was initially valued as per the index price - then was randomly…
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Mortgage - should I pay off car.
We have had offere accepted on new house and have mortgage meeting with Barclays on Tuesday. Buying house for £355k and asking for mortgage of only £55k as have equity from house we are selling and £40k in savings. I am just 2 months in to starting new job and husband starts new one in 2 weeks time (we are moving cities).…
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can a survey of property be done even before the mortgage application is looked at?
hi all can a survey of a property be done after an application for mortgage is received but before the application is looked at by the under writer?
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Remortgage advice- complete newbie
My fixed term is coming up for renewal and I'm a bit lost as to what my options are. I bought my house in 2018 with a mortgage of 138k at 1.97% (I put 100k down as the deposit). Currently owe approx 111k and the house is probably worth 270k (not sure if that is relevant) and the fixed term is coming to an end. What are my…
