-
Higher mortgage or bigger deposit?
Hello, I've just had an offer accepted on a house and trying to work out how large my deposit should be. There seems to be a significant difference in the monthly payments and amount paid overall with a higher deposit, but is it worth digging deeper into savings to account for this? I wondered what other people have done…
-
When do I give direct debit details ?
Hi, we have gone through a broker and are due to complete Fri 30th Sept. At what point do I give direct debit details ? Or do the bank send something out after completion ? Worried if this could stop completion going ahead if they don't have these details. Our broker never asked for any payment details upon application and…
-
What should I do?
Hi everyone. So to summarise: I have a mortgage on two rates as I ported part over and borrowed on top in April last year to buy a house. The ‘average’ interest rate between the two loans is 2.8%. One loan is up for renewal around May 2023 with the other being up at November 2023. My initial plan was to line them up and…
-
Remortgage or not?
I’m a newbie on here so hello everybody. My mortgage is with First Active who no longer exist for new mortgages but are part of RBS. When my fix ended in 2011 I stayed on their long term rate which was 1.10% above base rate so with rates being so low I stayed there and made regular overpayments where possible. Now with…
-
Remortgage is taking to long, What now?
My current mortgage deal end next Friday. Eveyrhing is in Solitors hands but because current madmess they seem to be unable to complete by them. What happens now? Should I be able to complete a week later and pay the variable fee with my current lander partially over a week or so? or now I have to pay the variable rate in…
-
Interest only mortgage help
Hi all, I took out an interest only mortgage 19 years ago and am now stuck in negative equity and coming to the end of my term. I have tried remortgaging but without luck and have also been told nothing replaced endowments so I can’t do anything that way. I have even tried claiming on a mis-sold mortgage but this was…
-
Another 'what to do' mortgage question
Hi all, Hoping for some clarity to my thinking. Starting to get tetchy re: rates and thinking of paying penalty and moving to another deal. Current: 2 year fixed at 1.54% - ending June 2023. Offered 2 year fix at 3.85% or 5 years at 3.59%. LTV is 45%. Remaining mortgage is £148k. No plans to move. Thanks in advance.
-
Capital gains tax - connected persons
Some background to this in this thread: https://forums.moneysavingexpert.com/discussion/comment/79484703 CGT: If you dispose of an asset to or acquire an asset from a connected person, you need to replace the price paid with the market value of the asset when you work out your gain or loss. Is there a way round the issue…
-
HELP - mortgage advice needed
Hi, Mum and Dad have had an offer accepted on a house they want to buy but have had multiple mortgage applications rejected even though they both have excellent credit scores due to a fraud using my mum's details and committing fraud so a CCJ has been filed against my mum but this is only showing up on Equifax and…
-
Defaults
Does anyone know what Kensington and aldermore accept in terms of defaults?
-
Planning to move early next year, remortgage now?
What to do. I've just completed an IVA, thankfully my credit rating is excellent. My current mortgage has a very poor rate, with the cost soaring with recent interest rate hikes. I can easily remortgage now I'm out of the IVA and get a much better rate, but I'm planning to move early next year (as soon as I've saved enough…
-
Help to buy / Re Mortgage help needed
I know there are a few posts about this already. I'm just so confused & also extremely worried about what is going to happen. I don't know what to do for the best. Our help to buy needs paying by August 23 (before we start paying interest) Our 5 year fixed mortgage ends June 23 (early repayment before this date is just…
-
Bank of England increases base rate to 2.25% – what the rise means for your mortgage and savings
The Bank of England has increased the base rate to 2.25% from 1.75%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn... Read the full story here: Bank of England increases base rate to 2.25% – what the rise means for your…
-
Mortgage Offer Extension (Leeds Building Society)
Hi All, Long-time reader of MSE, but first-time post so hopefully this is in the correct place! We are in the process of purchasing a new-build property, the original estimated completion was August - October. This was pushed until October - December. Our mortgage offer is from Leeds Building Society and expires in the…
-
Fixed till June 2024.. remortgage now?
I’m on fixed rate until middle of 2024 , currently my early penalty stands at around £3300, with interest rates being touted as 4% by end of next year might it be an idea to remortgage now and pay the early repayment fee?
-
Fixed rate mortgage renewal
Hi, Need some advice please. I'm on fixed rate mortgage until March 2023. I think my bank allows me to choose a new deal once I have 6 months left? I'm going for a fixed rate again because that way I can budget. Is it worth choosing a new deal in advance or just wait until nearer time (like 1 month before)? Seems the…
-
putting in further mortgage application
We are 2xFTB currently awaiting mortgage approval with HSBC, through a broker. Details are below, but in short, we are considering entering into a second application with a different lender (direct or with a different broker), as this process is taking so long. If we were to do this, would the credit search cause issues…
-
Santander mortgage online
Hi, I just have a new mortgage with Santander, I’m awaiting my new login/password so I can manage my mortgage online, does anyone know if you can change the direct debit date online? I have tried calling Santander to change it but each time I call I spend over an hour on the phone and still can’t get through.
-
Staff mortgage beneficial loan
Hi, I have a staff mortgage and it looks like interest rates gonna rise over 2% that is greater then the HMRC beneficial loan rate if 2% does that mean there will be no additional tax on staff mortgage ?
-
Santander asking for more information after mortgage offer issued
Morning all, We applied for a joint mortgage directly with Santander in June and received our offer in June. We have since paid our deposit and exchanged on our new house with a completion date set for the end of October due to our vendor relocating and needing time to organise everything. Yesterday we received a text from…
