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Mortgage on 'mostly benefits' income?
I'm really keen to apply for a mortgage as a first-time buyer but realise it's extremely difficult in the current climate and fear it will be near-impossible given my circumstances. I'm self employed with very low income and a recipient of Universal Credit and Personal Independence Payment which makes up the majority of my…
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Fluent Money - mortgage broker feedback
Please let us know your experiences of getting a mortgage through the broker Fluent Money. For example: - Was applying easy (and quick)? - Were you happy with the results returned? - Was the process from start to finish smooth, or did you experience problems? If you haven't already, join the forum to reply.
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Mortgage Advice Bureau - mortgage broker feedback
Please let us know your experiences of getting a mortgage through the broker Mortgage Advice Bureau. For example: - Was applying easy (and quick)? - Were you happy with the results returned? - Was the process from start to finish smooth, or did you experience problems? If you haven't already, join the forum to reply.
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Barclays product switch (existing customers) - window is now 180 days before end of fix
Just got notified by Barclays that from today (12 October), for clients that already have a mortgage with Barclays, a rate-switch can be requested within 180 days of their current fix ending. So if you are currently on a Barclays fix ending in March 2023, you *should* now be able to secure a rate if staying with Barclays…
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Changing Property and keeping rate on Mortgage Offer
Hiya, I recently was able to get mortgage offer of around 4.00pc before rates went up and wanted to know if I changed my mind on the current property listed in the offer for a house 20k more expensive (no facility to increase deposit which would still be above 20pc), would I be able to keep this rate or would bank having…
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Remortgage Renewal due in Jan 2023 - Make a deal now or Later?
We have our re-mortgage coming up in Jan 2023. With the obvious moving around on the housing market and deals changing almost weekly. Is this something we should organise now, or wait till the new year? Current Mortgage was a very good one with nationwide, which has been fixed for 2 years on 1.09%, (currently only paying…
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Payday loan history
hi all, have a history of payday loans, last one settled 3 and half years ago. no defaults ect. Mortgage dip received and valuation booked. Putting down a 15% deposit for170k house. Anyone able of offfer some reassurance?
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Overpayment help
Hi Earlier this year I paid a lump sum towards my mortgage, expecting that this would help to reduce the term thus saving on interest. However, I've received a letter from my mortgage lender saying that due to the overpayment, my monthly repayments going forward will be reduced. This is not what I wanted so I gave them a…
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BOE and a recession.
Just been reading about a shrinking economy in August. What does the BOE do to interest rates in a recession?
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Back up remortgage
I have decided to apply for a remortgage product but not 100% sure if I want to redeem it. I am on a tracker and want to hedge my bets in case rates skyrocket more than expected. If I apply and get the offer valid until May, if the product comes with free legals, what stops them redeeming it. What is the process? I have…
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To fix or not to fix….
Hi, We’re currently on a fixed rate of 2.44% that ends in just under 12 months. I looked into rates fairly recently and the best were around 3.49% but now they’re obviously higher. Given things could change quite a bit in that time I’m inclined not to apply for another fixed remortgage rate and just see how the market…
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Can bank (Barclays) withdraw mortgage offer?
Hi, my current mortgage rate ends on the 31st December. I have an offer from Barclays for a remortgage to them. I have completed all the required paperwork to date and am now just waiting. Can Barclays withdraw the rate they offered me? Thank you
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Another mortgage thinking out loud post.......
My £110,000 mortgage deal ends 31st March 2023. Due to increased rates I would now unlikely pass affordability stress tests with other lenders so looking at remaining with Nationwide. Either 5 year fixed at 5.14% or just go for a 10-year fixed at 4.84% and be done with any worry. I don't know if I'll be living in this…
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Pepper money second credit check?
Hey all! Just a quickie, I’m a complete worrier! so we are due to complete in next couple of weeks, lender has been amazing, really amazing, they done a credit check when we applied. i was just wondering if anyone has dealt with pepper before and if they do another one before completion? only reason I ask is because we…
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Any NatWest reverse credit experience
Any brokers have experience of NatWest accepting their clients with a satisfied CCJ? I’m reading so much conflicting stuff. Just wanted to see if anyone’s had any success with them? we have an AIP with them 3 times, and put full mortgage app in just waiting. Do I get my hopes up or not?
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Overpaying with Nationwide - or save elsewhere?
I currently have a mortage with Nationwide, it's shared ownership and was originaly a £91,000 mortagage. Nationwide allow 10% overpayment each year, of the original amount - what I'm planning to overpay by is much less than this. I recently took out a 10 year fix at a very good rate 2.29%, seeing what is happeneing to the…
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First time buyer (hopefully) query about FULL application
Hello all, I had a question that i was hoping someone with more knowledge than me would be able to answer, ha ! In the past i had a default on my credit report for a credit card, the six years have now finally passed hooray! It was my only ever default or any bad credit marker. It was a foolish mistake from an ex…
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Remortgage - maths question
Hello all I'm with Barclays and have about £85,000 left on my mortgage. My plan for a while was to move onto the SVR when my current fix finishes at the end of November, as I'm planning to put the house on the market in March. However I'm now considering the possibility of the house taking longer to sell than I'd…
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Metro Bank FTB Mortgage
Hi guys. We are currently in the process of a join borrower sole proprietor mortgage application with Metro Bank. It has passed the initial review and has been sent to the underwriting queue along with them running a hard credit search. What would be the timescale as online it says they would be underwriting from Tuesday…
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Buy to Let Mortgage -opinions fix at 5.85, tracker or stay on variable rate!
Hi I know there are no Crystal balls and it changes daily but we are currently on a variable rate of 3.74% for a buy to let mortgage on 2 properties mortgage amount of 153,000 combined. We've been trying to fix but got caught up in everything and basically missed the boat - the fix we've now been offered is 5.85% which…
