-
All the best rates on comparison tool are via a broker
We have perfect credit ratings with no missing payments and have a 46% LTV. There's a £100 difference from available rates (we only have £104k left on the mortgage) and the ones only available through brokers. It seems really unfair that they are putting a barrier/additional cost for people who would go direct. What is the…
-
Mortgage term ends in November...shall I get 2 or 5 year term?
Hi everyone, My fixed rate mortgage term is due to end on 30th November. I know I should have been on top of it and got a new one agreed earlier at a better rate, and I'm kicking myself for it, but hey ho! I'm currently comparing fixed rate mortgages and I'm really unsure whether to get a 2 or a 5 year fixed rate. With the…
-
Impossible requests by lender - please help!
I’m posting here as I’m at my wits end. I’ll try and simplify as much as possible.We applied for a mortgage through a broker in May, with the process beginning in June. As I have adverse credit we required a specialist lender. For months, we have been asked for the same information over and over, repeating as it expired…
-
Hard searches after offer has expired?
We applied for a Halifax mortgage around a year ago. Unfortunately the purchase didn’t go ahead. Quite recently I received an alert from Credit Karma that showed Halifax had done a hard search on my file. I’ve not done any other applications if any kind recently. Does anyone know why this would be and does it mean there is…
-
Working hours for mortgage application
We are looking at applying for a mortgage for first time. My partner is on a 20 hour contract but always does at least 45 hours but has also been on mat leave since February, her wages show that she has worked 45 hours every week right up until she went on mat leave. Can anyone tell me how lenders are likely to view this…
-
Can we buy our parents house?
Hi, looking for some advice! My parents live in a lovely house with an interest only mortgage, both nearing retirement. My brother is 30 and also resides in the house. Their interest only mortgage ends in 3 years and they will not be able to pay it off. There is approx £185000 outstanding and they are paying whatever money…
-
Equity Release : Existing ER with Just group - looking for more options but PYLON!
First time post here and looking for some feedback, advice and ideas from anyone who has had related problems: We have an existing ER plan with Just Group, made about 10 years ago. We want to take a further release out of the property. Our original thinking was to shop around and see what competitors are offering and then…
-
7 days to commit to take mortgage Question
Hi all, I’ve just had a successful mortgage offer through from a lender, it is a variable rate and I done this 6 months in advance of my current fixed period lending due to rising rates. I was under the impression that if a mortgage offer lasts 6 months, that’s how long I could be free to change my mind if anything…
-
TSB fixed rates.
Hello. My situation is basically that my current deal ends in May. I'm keeping an eye on interest rates as Im hoping deals on fixed rates stay below 6% by this time. That's my upper limit before it becomes unaffordable. Does anyone know what criteria TSB use to increase fixed percentage? They seem to raise it at random…
-
Mortgage broker messed up
I went through a broker I had used before to try to fix my mortgage before predicted rate rises and release extra capital for the building work we are undertaking. They had been bought out by a larger broker since I last dealt with them, but seemed quite proactive and helpful. I contacted them in late November, provided…
-
Still waiting on deeds after six weeks. Advice please
Hi. After six weeks I am led to believe the seller is still waiting on deeds from my lender would this be correct? My lender requests the deeds from whoever is holding them then they need to be sent to the seller? Before anything else can be completed?
-
Aldermore high loan to value mortgage range
Aldermore are offering a standard product with 80% LTV and a high LTV product with up to 95% LTV. The criteria for both is "level 1" on their guide. In reality is there a difference in applicants who are accepted for either? Is it down to underwriters discretion and they can limit your LTV if there is something they don't…
-
Vida mortgage with payday loan in last 12 months
Hello, looking for some advice regarding Vida eligibility with payday loans in the last 12 months. Their criteria states that accepted but can't be seen to be reliant on them. Can anyone comment on what that means in practise. I think I've been a bit of an idiot and made things harder for myself than needs be. I have a…
-
Combustible vertical balconies and remortgaging
Hi, We are landlords of a 1st floor flat in a 5 storey purpose built block. The flat has wooden vertically connected balconies which means it has an EWS of A3. The rest of the building is brick and non-combustible. We have been trying for two years to borrow more on this and use the extra to pay off our family home…
-
First time buyer options
I'm hoping to buy a house or flat within the next year and starting to do some research. I have saved about £25k by working full time and living at home for 3 years since leaving Uni, and I also have a 'help to buy' ISA with about £5k, so hopefully I will have a decent deposit. My parents have also offered to 'lend' me…
-
What will be checked if my landlord remortgages?
Hello! Landlord is remortgaging the house I rent, just wondering what checks will be done on me (will it be as simple as seeing who lives in the property, or will credit checks etc be done on me?) Thanks!
-
Current Mortgage offer timelines
Hi all, Just wondering if anyone else is experiencing delays in lenders making mortgage offers? Our buyers applied for a mortgage five weeks ago today and said they had had it approved three weeks ago. However they still do not have a formal mortgage offer - just curious as to whether others are experiencing similar or if…
-
Tight between 80% LTV and 85% LTV (Kent Reliance)
Just been told by my current lender than they have a 2.5% sway when it comes to what they can offer. By that I mean if by the time our deal ends, we own 81% of the property based on value of the property, they can offer us products in the 80% LTV threshold, which are of course a lot cheaper than the 85% region that we…
-
Mortgage Devalued? Advice?
Hi there. This sub has been incredibly helpful in the past and thought I’d reach out for your collective wisdom as I’m a FTB🙏. I made an offer awhile back on a property I fell in love with. The asking price was £450K but after some negotiating back and forth we landed at £420K. I did a Home Buyers Survey and Valuation…
-
Mortgage offer expired help!
Reposting here :) Hi! (FTB completely new to this process so excuse my lack of knowledge/ any incorrect terminology haha!) Quick background: we had our offer accepted the end of Jan and our mortgage offer 2/2/22 by HSBC with an expiration on 31.08.22. The chain wasn't complete until beginning of August, which was not…
