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RBS mortgage
It says not eligible to switch. On October 1st I’m within six months of a 5 year deal ending does it update at midnight to get a new deal? With rates going as high as 5 or 6% you can understand why I need it sorted asap
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Get out of fixed rate?
My Fixed rate of 1.69% ends may 31st 2023. I have 2 options .... 1. Pay £780 ERC to go onto a deal at 4.39% making payments jump from £270 - £380ish 2. Ride it out until May and hope rates stabilise by the time I get a new deal and risk rates being 6-8% at Costs being more 550-600 What would you guys do?
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Offset Mortgage
Hello, Our fixed rate mortgage expires in February. We'll have an outstanding balance of £113k and term of 13 years. We are fortunate enough to have more than that in savings but I feel uneasy (I don't know why?!) about just paying off the mortgage and considering getting an Offset and offsetting the full amount. Looking…
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Help to buy ISA price limits
Hi all, do any of you know if price limits will be reviewed as with current housing markets they are inrealistic! Thanks
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Help to buy and structural alterations
Hello- has anyone made structural changes to a house they have a help to buy loan on? I am aware it will be declined as it isn’t for a medical reason, the guidance states that I will have to return the house to how it originally was, or pay the loan. My question is does this mean the loans will need to be paid in full…
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Mortgage rates with CCJ
Could anyone tell me what mortgage rates would be with a 25% deposit, satisfied CCJ 5 years old and a missed store card payment 2 months old please?
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Remortgage process and old lender charges
Hello, We're finally approaching our remortgage to a different lender. The fix deal expires this month so we can move to a different lender without paying ERC from 1st of October. On the redemption statement, the current lender charges us the monthly fee again on the 1st of October plus the interest for the previous month.…
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What happens at remortgaging?
I’ve recently bought my first house and my plan had been to regularly overpay by a few hundred, and also throw in anything that is ‘extra money’ eg work bonus/ birthday money etc. but my savings interest is higher than my mortgage (1.81 vs 1.63) so I’ve been saving them in my savings account. My mortgage rate is fixed til…
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NatWest mortgage
What are the rates offered when fixed deal expires on NatWest mortgage? I have abit of time left yet but just wondering what other people have been offered. Thanks
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What to do with Overpayments
In the fortunate position of being able to overpay mortgage a few hundred pounds a month. We are on a low fixed mortgage rate for the next couple of years, meaning we can earn more in an easy access savings account than the mortgage interest right now At the moment, not actually overpaying the mortgage and putting the…
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Natwest Mortgage Removing Hard Search
Hi, in May, we received our mortgage offer. 6 months offer due to being first time buyers, using help to buy on a new build. The offer expires in November. We are likely to complete in October. This morning, I have received a notification on ClearScore (credit file) to say that next month, NatWest will remove their hard…
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Aldermore defaults
Hello aldemore state for level 1, 1 default in the last however months. I have two however one is a communications - it says somewhere on their website all communication accounts ignored so does this mean I would pass for the one default?thanks!
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Tracker rate mortgage
Just wonder what everyone thinks? I'm currently on a lifetime tracker rate mortgage which is 1.89 above base. I think this is quite good for a tracker and as it's lifetime I don't have to keep paying arrangement fees. As interest rates are expected to rise even further I've been considering fixing for a few years to stop…
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5 or 10 year fix?
Don't often post on these forums but really struggling to decide between two products. I know the situation is all a bit crystal ball and there is often no right answer, but any views appreciated. Situation is we moved around 2 years ago and shortly after moving (ported mortgage over) we fixed for 2 years. This expires end…
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Sole mortgage for married couple
Is it possible? Which lender(s) would allow a purchase by one party of a married couple?
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Potential mortgage doom - What to do?
We took out a 5 year fix which is due to expire Sept 23. We owe £205k @ 2.79%, repayment, 28 years left. In the interim period since we bought the house, we've started a family and Mrs isn't working (and honestly child care cost exceeds earning potential). So it's on me. We're in that funny point where at renewal we get 3…
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Deed of variation mortgage offer
Our mortgage offer runs out in two weeks. The solicitor decided two weeks ago we needed a deed of variation for the management company to not throw us out if we don’t pay rent charge. on Thursday it was agreed (finally) that this would be done and the vendors solicitors has requested one from management company and put…
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Got a letter today, previous owner has a mortgage secured on our house! We've owned it 13 years!
Just that really! We received post today for someone who owned this house 13 years ago. Didn't spot the name before opening it along with our own post, (lived here 13 years) so didn't realise it wasn't for us till after opening! No idea where the previous owner is today, or how to contact them. It's a letter from a…
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Deeply regret not getting 5 year fix
Hi everyone Not sure there’s anything practical I can do about this, but just wanted to pour out my worries My partner and I recently bought a house with a large mortgage (£150k joint income, £720k 34-year mortgage, 72% LTV). We decided to fix at two years for 2.69%, as frankly we were scared of the ERCs in case we changed…
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What should I expect…?
So I’ve bitten the bullet and remortgaged a year early to pay off my help to buy (£90k) my initial 5 year mortgage runs out in April 1st 2023. I have a help to redemption statement which lasts 3 months from 9th August then I can get my RICs survey re-keyed free so it could take me up to the 9th feb. If I wait til feb to…
