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How does one acquire a broker?
Sorry might seem like a silly question but we're thinking of using one now! We just went direct with our bank when we first got our mortgage 4 years ago, we didn't shop around! How do you know whos good? Do you have to pay them upfront? Is it just a case of doing a google search?
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To remortgage now or wait!!
My mortgage is due for renewal in July I can start renewing with no fee at the end of January I can find a new 5 year fix deal now at around 3.8% this would be about £140 more a month than what I am currently paying I would also need to pay about £1700 to get our of my current deal and about £350 to my mortgage broker.…
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Mortgage Rate Changes - When can we expect them to take place?
Hi all, I am a FTB who had an offer accepted last week and immediately went about organising a mortgage (actually did this before the offer was even successful). I had my initial appointment with Barclays on Monday, but my proper appointment isn't until next Wednesday 5th October, which is the earliest available. I am…
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Mortgage Lending Criteria - High Street
When you go on websites for companies like Kensington, Kent Reliance (who I have a mortgage with) etc - there are clear "2 defaults accepted as long as under X figure, in 24 months, etc etc" Do you get guidelines as clear as this for high street lenders? I am re-mortgaging December next year and hadn't thought much about…
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Paying off part of an Interest Only mortgage
Hi there, this is my first post so I hope it’s ok. We have an interest only mortgage with 13 years to go. We have Isa investments to help pay at the end. One company has said there will be a shortfall at the end. should we use the investments now to reduce the mortgage by 2/3rds, and pay a little extra each month, on top…
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How do overpayments work?
Hi all, I've got an HSBC mortgage (technically 3 mortgages for the one home), and can't get my head around how overpayments work, so have two questions: 1) I've overpaid by 10% on all mortgages this year. I was expecting to see the remaining term reduced, but do my payments remain the same, and the amount of interest just…
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Wanting to move - Lock in rate now?
I’ve been on a SVR for a while now as my deal ended as I want to move house as soon as I find somewhere suitable. I realise that I’ll be faced with higher rates when I come to apply for a mortgage in a few months. I have the option of fixing a rate with my current lender and then porting the mortgage onto a new property.…
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Application in, no offer yet!
Any idea how safe we’ll be or are they likely to pull it? We’ve applied, sent payslips and now just waiting for the offer…
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Credit Cards and remortgaging
Can anyone advise how credit cards affect remortgaging? My husband and I have 3 cards, all interest free. One is maxed to £3k, the other £1.5k out of £2k and the last £400 on a £5k limit. Why do we have all these cards you say - I like to buy things interest free and save the money in my bank to make interest. Also do not…
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Lloyds remortgage
Looking to lock in a fix 6 months early just looking through the application and it states You have 10 days after offer to reflect before committing you will not have the right to withdraw from mortgage once it has started Would I not be able to look elsewhere in the next few months if I take this?
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Nationwide announce revised Interest rates
https://www.nationwide-intermediary.co.uk/news/2022/september/ratechange?utm_source=NFI&utm_medium=email&utm_campaign=13492978_NFI4788%20NFI%20Rate%20change%2026.09.22%20JF%20%2AAPPROVED%2A&dm_i=5KB,8178Y,R1B977,WV5V4,1
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Nationwide mortgage fixed rate ending
I have a nationwide 5 year fixed rate mortgage ending in January. I was gonna fix a new deal nearer the time my mortgage ends. Seeing the news today should I accept the current offer of 3.99 on a new 5 year fixed with nationwide whilst the offer is still there?
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Remortgaging Early
Hi there, Newbie here. I’m looking for a bit of reassurance/advice, although I appreciate everything is a bit of a gamble. I have my home on a 65% LTV mortgage, which is in two parts, after we ported and then took out additional borrowing when we moved house almost two years ago. The smaller part of our mortgage is fixed…
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Why the discrepancy ?
Mortgage was originally over 17 years - have 8 years left. If i plug my current interest rate ( 1.29 ) and balance ( 66,500 ) into MSE calc, it gives a monthly repayment of 730, but in fact my contracted payment is actually 803 ?!?! Is this because of previous overpayments ? I was plugging in various interest rates ( 4 / 5…
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Bank mortgage advisors
If you speak to a bank mortgage advisor in branch to arrange a new fixed rate do they charge?
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Historic rent charge
I have lived in my property for 20 years and am going through the selling process. The purchasers solicitor have said there is a historic rent charge against the property of £3 a year, drawn up in 1926. I wasn’t aware of this and it has never been collected. The solicitor has taken out an indemnity insurance but needs to…
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Paying off mortgage for a short time?
Hi all, I’m in a situation where I’m about to move in with my girlfriend who has £100k left on her mortgage. The plan is to live in her house for around 6 months, before we relocate to where I currently live. We will rent at first whilst we look to buy. The reason we’re doing it in this way is because of applying for…
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Should I Refix Early
Hello I currently have a 167,500 mortgage with 17 yrs left . I am on a fixed rate of 2.79 with Santander this ends on 4th July next year. After yesterdays news I am petrified as to what is going to happen . I rang Santander and discussed my options they said I could go onto a fixed rate of 4.09 and a £999 fee which will be…
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In a panic reading the news will banks pull offers
We exchanged contracts today paid deposit etc - but we dont complete until the 7th October. We have had a mortgage offer signed all the paperwork etc from Aldermore. We are first time buyers. It has taken a huge effort to get to this point and i am now really panicking about what im seeing in the news. Is anyone else in a…
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Remortgage options - what to do?
Hi all, I want to get some general opinions on my remortage situation as latest goings on in the UK economy have made me a little twitchy. Essentially my fixed term is up in June 2023 and so I have already had a conversation with my mortgage broker a few months back about my options. At the time, swallowing the ERC and…
