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What does this mean........
So Just had this through from solictor... funds have been released, but what does confirm lender the same mean? The funds have been requested and we await Pepper Money to process the same and confirm when they will be released (in time for the 28th). We will inform you once they confirm the same.
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Mortgage withdrawn due to change in circumstances
I'm after some advice, please... Halifax withdrew our mortgage offer following a change in employment. My wife remains employed. However, my situation has changed from full-time employment to consultancy. I understand the bank can do this, but I wondered if there is any mileage in asking for a review as my wife has been…
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Bank of England MPC meeting November 3rd 2022 - what are your predictions and how are you preparing
The next BOE MPC meeting is in two weeks time. Speculation is that base rates will rise even further which are likely to push up mortgage rates. What are your predictions and how are you preparing for any rate rises? https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/november-2022
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Vida home loans - application process
Hi everyone, we have a DIP with vida home loans - we have had to go with this lender because of my past credit. can someone tell me what the application process is like?
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What one would you pick?
Had our mortgage broker tell us his findings for us, our fixed rate of 1.79% ends in April :( Either a 5 year fix with Virgin at 5.4% Or a 2 year tracker with NatWest at base rate plus 0.70% The fix will mean monthly payments of £450 a month more than the tracker at todays rate of course. I’m inclined to take a chance on…
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What to do?
Currently on a tracker with nationwide which tracks 2% above base rate. So I'm thinking of switching rates. £72k left with 17 years to go. Best deals look like 5%~ for 2 years fixed or should I go 4.6~% for 10 years? Don't want stuck on my current plan if rates go up to 5%. Obviously no-one can predict the future but…
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Personal Loan
Hi, I have a very small mortgage up for remortgage and I have savings that cover what’s owed. I want to keep my savings so I wondered if it is legal to take out a personal loan and pay the mortgage off. The personal loans I can get are at least a percent if not more cheaper than a fixed rate mortgage. I asked my bank and…
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U-Turn on Mortgage Interest Rates
Recognizing that crystal balls are working very hard at the moment with the current economic climate and that it would appear most if not all the problems we now have stem from our new PM and ex Chancellor growth,growth,growth strategy....... Do you think that if our PM were to resign soon and things calm down that we…
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Tell me I’m dreaming……..or is the end in site??
So after a nightmare few days (several months actually) I received this from our solicitor today…… I have received the completion certificates from ……solicitor. I will submit the certificate of title and funds request to the lender and inform……solicitor you want to complete on 28thOctober. I will provide a completion…
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Are Barclays Mortgages Intermediaries only? Want to apply direct only...
Their 3% 5 Year Tracker with no ERC is what I am looking at... Also, what is there offer validity, if I apply RMG end of this month, can I potentially complete 1st July 2023
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Remortgage Time @ 4.65%
We are due to renew and have been offered 4.65% over 5 years or 4.7% over 2 years. I'm thinking of going for 5 years as some posts were predicting rises continue into 2025. What's your thoughts?
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Undisclosed debt Santander Mortgage application
So application is with underwriters. Have been told there is some undisclosed debt we haven't advised of on application. Myself and broker cannot work out what it is...nothing showing up on experian report. We have no loans. Because we went through broker they will bot speak to us and due to GPDR will not tell the broker…
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Natwes apr
Was just about to fix in with our current mortgage supplier natwest, but now noticed they have put up their apr since the original offer was sent. It's nearly double to the original offer, so I'm really gutted about this and it's an increase of nearly £200 a month. Is there any point of calling them to see if they can help…
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Guidance - Natwest Mortgage on Help to Buy House, Remortgage Dec 2023
hi all new to forums, with all the news and things happening getting myself worked up and worried so just after guidance on best things /route to go. Remortgage is Dec 23, it will have 102k left howeveer i have a help to buy loan i still need to pay off and that will start interest after this 5th yr, 25 yrs remaining . had…
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which should I pay off the interest only part of mortgage or the repayment?
I currently have a fixed rate mortgage on 150K, 50% repayment an 50% interest only until April 2024. I have recently downsized and moved home and have 30K to repay. I have spoken to the bank and I can repay 10% up until 31st December and another 10% in January 2023. Do I repay the repayment part of mortgage, the interest…
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Remortgage September 2023 - what should I focus on?
So our 5 year mortgage deal will finish in September next year. We are currently on 2.19%, but obviously that will go up a lot once we have to remortgage. Our payments are already quite high and we will be paying until we retire, so I am dreading the interest hike next year. I am also worried about what deals we might…
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Fixed rate finishing
Hello, I switched to a new 5 yr deal amidst the panic 2 weeks ago. That evening my bank, NatWest, duly put all the rates up significantly…so it felt like a good move…our current fixed rate doesn’t end until March, so I wanted to make sure we didn’t lose the deals on offer with our existing lender, which beat all the rest.…
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Mortgage changes with new sale price?
Hi, I'm about 6 weeks away from completion my mortgage was offered and fixed in mid August so it's a good rate on today's standard. My homebuyer report flagged a few issues and I've been able to negotiate to get a slight reduction. My issue is will this be a straightforward amend on the current mortgage (tsb) or will it…
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In negative equity and on a variable rate
I was a first time buyer in 2006 and took out an interest only mortgage for the first 2 years till my finances settled after purchasing my flat. Then the housing market crashed and I also lost my job. I was unable to remortgage as my property went straight into negative equity. My lender actual told me it was overpriced…
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Not able to overpay after setting up a new fixed term before it starts?
As the title says is this standard? I've not been able on Santander to overpay since June when I set up and paid for a new five year fix beginning on November 2nd I was worried as it's 2.59% they'd pull it but nothing yet so I should be OK... I'm just looking forward to overpaying again... more focused on a minimal…
