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Mortage Situation
Hello I am 48 years old. I have a £220,000 mortage on a £500,000 property. My current mortage is VARIABLE and has 10 years remaining. It is INTEREST ONLY. Over the recent months I have of course seen it going up as the base rate keeps rising. Considering all other expenses I can barely now afford it. I am Director of my…
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Help to buy payoff
Hello. My partner has recently been diagnosed with MS and as a result with have put a claim in through the critical care on our life insurance. The amount covers our mortgage but not the help to buy we have on our home. The amount is a decreasing amount so covers the outstanding mortgage we have. My question is, would we…
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Becoming a mortgage advisor
What credit checks are done? If I had a ccj which was over 6 years old will this matter? Many thanks for you help
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Questions for brokers - re Pepper Mortgages existing customers
Hi folks Wonder if you can help me with this For existing mortgages with Pepper 1) If a customer wants to go interest only for a short term (due to income drop) is that recorded on credit file as missed, or just as normal? 2) Coming out of a fixed rate next year - are existing customer rates the same as for new customers…
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HSBC trackers are now top of the tables after rate changes today....
Does this mean they will be around 4% at 3rd Nov? As 60% LTV is currently 2.94%, presuming a hike of 0.75% if not 1%? How often are BOE changes?
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Can someone please give me advice on my mortgage and straight high interest payments
Hi, my mortgage was one of the hundreds of thousands of mortgages that was sold to engage credit. It was sold to them in January, and i was told two weeks before it happened. Apparently, engage credit buy lots of mortgages each year. I have never missed a payment since i got the mortgae. Since it was transfered my mortgage…
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Very close to next level of LTV
If
I’m at 81% LTV and looking for 5 year fixed, am I restricted to 85% LTV
products? Is it as simple as if you're at 81%, you may as well be at 83% or 84% in terms of products offered. Or
will a lender use common sense and see that around 5/6 months into a 60 month
deal, I’ll be at 80% and let me apply for those products?
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Leasehold
Ive just received a letter out of the blue from Compton Group basically telling me they want to sell me freehold for £650.00. To be honest the letter is so full of words and sentences that I don't understand its really hard for me to understand why this has been sent and what are the consequence's of doing nothing. Ive…
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Natwest Mortgage TimelIne and Service Levels
This may help those waiting ... taken on 25th Oct 2022 ...
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NatWest - Ground rent rise & change in valuation?
Hi All, Hoping to exchange on my apartment purchase this week and there's just one thing left to be satisfied now until we can: A PVQ raised questioning whether a rise in ground rent affects the valuer's original valuation. On paper you'd like to think not as it's a small change but it's just been a long and stressful 6…
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6 month mortgage rule
Hi All Has anyone ever bought a house that was sold within 6 months (of appearing on land registry) with a mortgage? I had an offer accepted on a property, the seller is a house for cash company who bought the house back in June. Now finding issues with lenders! Thanks
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Completion approved by lender!
So we have just had this come through! All ready for completion on Friday. Feels like we are sooooo nearly there! does this basically mean lender is happy and ready to release funds on Friday!?
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First time buyers Mortgage woes
Hi all, My girlfriend and I would highly appreciate some advice on our very stressful predicament re. our mortgage. We have exchanged contracts on our first house (with no agreed completion date, this is what we were advised to do by our solicitor, whether this is correct or not I am very much unsure), this is because the…
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Porting mortgage/deposit short fall
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Land Registry
Hi everyone! I am new here but desperate for advice. I got behind on council tax payments and the council gave to a solicitor. they put a charge on the property with the land registry office. I have now paid the full amount and the solicitor sent me the following email. Dear Sir, The remaining balance is £573.29. Once this…
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Does NatWest ask for proof of home insurance before completion?
Just wondering as I’m not sure that I’ll have received the insurance documents through the post. Does anyone know if they ask for any documentation (I.e. proof of insurance) before releasing funds?
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To fix or not to fix?
Hello, So I desperately need some advice as things have taken a turn in the last couple of days for me. I have a Halifax mortgage which is finished Apr 2023 at 2.09% (£86,000 left on mortgage) so I had a broker find me a ‘reserve’ as a back up in case things get worse with rates. They recommended HSBC at 5.64% fixed for 5…
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Credit adverse
So just wanted some advice appreciate it nobody can know for sure but just could do with some advice on if I’m going about this the right way. so have a settle ccj which was for £2,600 has 10 month left on file then 6 years is up last missed payments on Credit file was jan,feb,Mar and then April 2019 after that no missed…
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Fixed rate 2 or 5 years?
Just wondering what peoples opinions are. If you were offered a mortgage now would you take a 2 year fixed at 6.29% or a 5 year fixed at 5.84%
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New mortgage product for 2023, making an overpayment now
Hello, I can’t get my head around this scenario and would be grateful for some advice. I’ve just arranged a new mortgage deal for March ‘23 with my current provider as I wanted to get it done before any potential further rate rises. I am in a position to make a 10% overpayment this year and again at the start of next year…
