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Rate Query
I currently have a fixed rate mortgage with Kent Reliance which is coming to the end. My broker submitted a product transfer request on 27th Sept the rate at the time was 4.59%. Although there is a backlog I have been assured the product transfer will be completed before the end of October - this is when my current fixed…
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Overpaying pre or post remortgage
Evening Everyone, Looking for some advise pls. I have a low mortgage of £35k which is currently on fixed rate 1.79% due to end in Jan. Looking to fix again for 2yrs at 6.14% or maybe fall onto follow on rate. My question is I am able to pay a 10% overpayment off befor the cheap fixed rate ends, which equate to £4200. Would…
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Avoiding ERC
Greetings everyone, My current fixed deal with Halifax ends on the 31st of January 2023 and I have received an offer from Lloyds which is valid until the 28th of February 2023. In order to avoid the ERC charge which ends on the 31st of January, when should I officially accept the offer from Lloyds? After 31st of January,…
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Natwest Overpayment options?
So, we've been accepted for a mortgage with Natwest, our monthly payments will be lower than our current rent, so our intention is to overpay the mortgage each month with the difference as a minimum. I've looked all through the contract, small print etc and it only seems to give the option to make overpayments directly…
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Downsizing and Current mortgage
Evening all, I have been keeping a close eye on whats happening to the BOE base rates recently, along with see how this is affecting mortgage products etc. I currently have 2 years left on my fixed deal at 1.71%. The value of the house is around £360k (3 bed semi in a nice location) however in the next few years it will…
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Consent to Let - NATWEST and HSBC
Am I reading correctly, both lenders seem to have updated their policies and now allow rate changes even when on consent to let...whereas this was a no no for years...
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Natwest Term to age 75, can't do online alone?
It only allows to age 70, same with Nationwide, you are forced to use intermediaries....is this correct?
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HSBC Mortgage Timelines Execution Only
Applying for tracker with them. If I complete a DIP and potentially start my application online....how long do I have to fully submit it/upload documents? Do then cancel applications if not completed within a few weeks? Also, on their trackers, does it make a difference with the BOE changes....will this rate change?…
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What's the point of paying down mortgage?
Ok I understand that you reduce the debt and save on interest etc, but In The current climate I dont understand why you would pay 5000-10000 off your mortgage to help in the short term. If the overpayments are reducing the term on which your paying it back then the payments stay the same (on a fixed rate) unless you opt to…
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Number of dependents on application
I have 2 children, shared custody with the ex wife. They stay with me 50% of the time. When going through affordability calculators there ends up being about £50k difference in what lenders would class as affordable depending on the answer to "how many dependants will live at the property?" What is the correct answer you…
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Mortgage Rates
Hi my rate is variable and has gone up from £122.00 a month to £151.00 from November only have £13k outstanding Should I go for a fixed rate wifh all cost inc and which is best one? As interest rates are up and down at present ?
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Halifax Mortgage with CCJ
Would you need to use a broker to secure a mortgage with Halifax or could you go directly if you had a CCJ 5 years old for £509 and a recent late payment on on a credit card? Deposit would be around 50% Thanks
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Discount tracker or fix
Our fix rate ends early next year. Best fixed rate we can find is around 5.60% Or a discount tracker of 3% (which of course can go up and down) Going for the fix will cost us £400 a month more than the tracker. Is anyone going for a tracker and not fixing? I know the tracker can go up but if the rate did go up 1% or so the…
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Liz Truss damages and Compensation
I wonder if anyone has persued this thought.... Firstly, I will say that I am not impacted directly via increased mortgage rates, as a result of the mistakes openly admitted by Liz Truss / Kwasi Kwarteng / Jeremy Hunt, so this is a theoretical question for me, but not for others. But I was lucky. If, say, a council made…
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Kent reliance extension
Anyone here got a mortgage offer extension recently with Kent reliance? we are thinking we may need one but just want to see if anyone else has been able to get one?
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Do Kent Relliance allow change of property on a mortgage offer?
Hi All, We are due to exchange end of next week for a new build shared ownership home. The property is due to be finished by January, it’s a 3 bed and in an ideal world with 3 children of different ages at some point we will need a 4 bed. Well… the house we looked at 2 years ago and couldn’t afford but now can has come up…
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How likely will my HSBC Mortgage Offer be Withdrawn
Hi. I had a confirmed offer in writing in June for a remortage. 5 Year fix at 2.7% which I am glad I locked in early. I plan to complete early Dec, after my ECR expires. Based on the valuation conducted then, the LTV was around 65% However, since the offer I have had a couple of changes to my finances and I am a sole…
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Think bank miscalculated interest payment, is that likely?
My last interest added amount is £6 less than it was last month and all previous months. I’ve not made any significant overpayments (overpaid £10 I think). Nothing else changed. Could this be an error by the bank? Is this normal?
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Reduce mortgage term?
We have 2 mortgages. Both 8 years left, owing £100k and £30k. Both coming out of cheap fixed deals in early 2023. Should we reduce the term of the £30k to say 3 years and get it paid. And extend the term of the £100k for the next 3 years (trying to keep monthly payment about the same but putting more towards clearing…
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House repossessed 30 years ago but still registered owner?!
Hi, bit of a strange one. My parents have been sent a letter from a solicitors asking them to complete forms for the transfer of the freehold of a property. They did live in the house but it was repossessed back in 1991. I have looked on the land registry and they are still listed as the registered owners on the land…
