-
Mortgage deal expiring
My fix comes to an end next month, but are thinking of moving so will be porting as well. Balance is only 58k and have a 24% ltv Initial fixed rate4.06% until 31/01/2025 £410.50 2year 4.02% until 31/01/2028 £409.35 5year 3.68% until 31/01/2033 £399.60 10year Payments are low as I have overpaid a lot since having the…
-
Freehold flat mortgage advice
My sister owns the upstairs flat and the building freehold of
a semi-detached house that has been converted to two flats. The downstairs flat
is leasehold, with 86 years remaining on the lease. The front page of the ‘Counterpart Lease’ document
dated 1994 names the freeholder and leaseholder at that time – both of…
-
Teachers Union for mortgages
Does anyone have any knowledge of them? Our buyers are using them and just wondered what their timescales were for mortgage offer.
-
Mortgage advice
Any professionals here regarding mortgages. I will be applying shortly and was looking opinions on how likely you think it would be that I get one. My credit score with Experian is 999 credit utilisation is 14% I work 32.25hrs per week so get about £21,000 per annum before tax. I have no debt. I have a deposit of £35,000…
-
MSE Mortgage best-buy comparison out of date?
Hi all, Like many out there, I am in the market to buy a house. I'm on 40k a year (with a bit of extra from partner's part time work). I will be buying around the 180k mark and have a 90k deposit (so 50% LTV). If I use the MSE best-buy comparison I get 2/3 year fixed rates generally around the 2% mark, even some from…
-
Fixed rate ending this November, advise please
Hi, I currently have an outstanding mortgage of £67,000 with Santander on a fixed rate (1.75%). They are offering me 3/5/7 years at 3.54% which will make my monthly payments go up by £60. My LTV is 26.80%. Any advise on how many years fixed rate I should get -- 3 or 5 or 7? Is this a good rate I am getting from my current…
-
Accord
I have a slightly chequered credit file, and have two defaults (both from 2019 and under £500). My broker is approaching Accord, along with some adverse lenders but from checking the criteria on the Accord website, they do not accept defaults or CCJS in the last 6 years. Any hope? I assume he is trying them for a reason,…
-
Mortgage - Self Employed
Hi, I took out an interest-only mortgage back in 2003 for my first and still my current home. Then in 2007, I became fully self-employed. Around this time my mortgage lender on the phone pretty much said to me 'we will pretend you have not told us', basically saying that given my new income and status I wouldn't actually…
-
Fixed term ending Nov-23 on help to buy mortgage
Hi, Are there any help to buy experts here :) I took out a help to buy mortgage in Q4 2018 on a 5 year fix at 2.24% which is ending Q4 2023. My plan was to add the HTB loan to the mortgage when the fixed rate term ends (salary has increased a bit since then so should be possible) however I'm now reconsidering doing this as…
-
What will happen with mortgage review in 5 years?
Hi I was lucky enough to get a mortgage fixed rate for 5 years. My broker said she will call me near the 5 years mark to review the mortgage. I get the impression somehow she can get the payments down come the time would I be right?
-
Should I remortgage early?
Hi. I am debating whether to remortgage early for 5 years due to the rate rises and to give me more predictability over repayments. I current have around 65% equity in my home and 35% of value of the home is mortgage. So 35% LTV. I bought my home in December 2021 with a rate of 0.99% with a loan of £255k. I now owe £248k…
-
Mortgage Offer Expiring
Our 2.29% 5 year fix offer with HSBC is coming to an end mid-October. Its looking hit or miss if we will exchange and complete before that time. Conscious that the BOE are likey to increase base rate next week, we just got an AIP from Natwest for their best 5 year fix. My question - will Natwest honour their interest rate…
-
Charge orders
I wasn't sure where to put this, in mortgage free wannabee (does technically apply), debt free wannabe (does technically apply though not directly to me) or here - this seemed a more informational board for mortgage stuff so here goes. Situation is a bit complex but my dad passed away suddenly a few years ago, he was a…
-
Remortgaging timeline
I am currently in a fixed term mortgage that expires at the end of April 2023 Obviously, thanks to Vlad, I am concerned about the increase in mortgage rates. My current term is 2 years fixed at 3.29%. this was higher than I originally expected, went for the 2-year fixed so that when I came to remortgage my LTV would be…
-
First mortgage payment HSBC
Could anyone give me an idea of when our first mortgage payment would be due please ? We are looking to complete on 30th Sept and I will be requesting a repayment date around 15th of the month. Would the first payment be due in Oct or Nov ? Thanks
-
How difficult/ costly is it to switch mortgages after fixed term ends?
Hello, I am a FTB looking into mortgages for my first home. Other posters have asked whether it would be more wise to fix for a 2 or 5 year period, given increasing interest rates. Additionally, I'd like to enquire as to how difficult it is to switch to a new mortgage/ mortgage provider after the fixed term ends, as this…
-
5-year fixed coming to an in Oct 2023
hi all my 5-year fixed term mortgage is coming to an end next year (at c1.94% rate). With the way interest rates going at the moment, i can imagine this hitting 5% next year? is there anything i can do now, or do i have to wait 6 months before the term ends before i can do anything. I am with HSBC. any advice? are these…
-
Credit Cards for protection
I have a remortgage setup to start the beginning of the year. I understand you are not supposed to use credit cards before it’s all finalised. The problem with that is I am purchasing 3 expensive items in the next week and I normally use the credit card for purchase protection. I don’t fancy using my normal bank account in…
-
Mortgage offer withdrawn and I have to reapply because it took too long survey issues assessed ??
I was given a mortgage offer in May which said was valid until December. The Lenders survey flagged issues to be assessed by structural engineers. That done and all ok with the house the Lender is now saying there was a timescale (neither I nor my broker knew about) so the offer is withdrawn and I have to reapply at…
-
Trying to decide whether to fix for a shorter or longer period?
Back in January our main mortgage deal ended so we fixed for 7 years at a reasonable interest rate of 1.74%. We also have another smaller mortgage with the same bank (under the same account) we used for doing the house up where the deal has now ended and we have gone onto the follow-on rate at 5%. For us to fix this to a…