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Santander Mortgage Porting
COMPLICATED!! Has anyone experienced porting a mortgage with Santander. We completed and paid early settlement fee in Sept and are hoping to get this back and that rate. Advised we only have 3 months to complete on new home but have the mortgage offer issued last week and says this information is valid until march 23.…
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Platform now renewing mortgages 6 months before deal end date
This might be useful information for some of you. As of yesterday, Platform as now allowing new remortgage deals to be applied for 6 months before the end of the current deal, bringing them in line with many other lenders (such as the list of lenders Martin Lewis helpfully compiled for us last month).
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Interest only mortgages with Help to Buy
Question for mortgage advisors. Has it ever been possible to get an interest only mortgage with Help to Buy? I can’t imagine it would be possible now, but I’m curious about the previous years.
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Natwest Buy to Let 2022
Hello Everyone Seems as if there are less buy to let mortgages application to banks, So though to start the a post with current situation I have submitted my buy to let mortgage with Natwest on 01-11-22 with 75% both Self employed. The most important concern is how the bank assess the Rental value of the property, i heard…
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Re-mortgage Advice Please
Hi everyone, We are coming to the end of our five year fix deal in April 2023 currently on 1.99%. We will then have four years 4 months remaining and 85K which obviously is an usual time frame in getting another offer online whilst searching. Two questions if anyone can help please, firstly would it be possible to extend…
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Nationwide mortgage - choose a new deal
Hi I am coming to the end of my fixed rate period. The fixed rate period will end in February I can now choose a new deal online on the Nationwide mortgage manager website. The interest rates are of course high so I'm wondering whether I should choose a new deal now or wait it out until closer to February to see if the…
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Using savings to reduce mortgage prior to switching products
Hi, My fixed rate ends at the end of January 2023 so I've applied for a product switch with my current lender (Barclays). Unsurprisingly, the new rate is more than double of my existing rate and the new mortgage will cost me roughly £80 more per month. I owe just over £70k (this will be down to approx £68.5k by the end of…
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Porting mortgage after selling first
A bit of a conplicated one. We sold our property in September and had to pay a exit fee. We then found a new property (higher value) and were told we still had 3 months to port the mortgage from santander so we could get that rate and the repayment charge refunded. The broker said we would pay the lower interest rate on…
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Mortgage offer extention advice!!!
I have sale agreed on a house and had my mortgage accepted. Its been three months now and still no key. The sellers solicitor is waiting on a grant of Probate. I might need to get my offer extended. In the current climate will my extention be at the original rate of my offer which I got before things went crazy?
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Any recommendations for a commercial mortgage broker ?
Hello my husband and I are buying a bed & breakfast does anyone have or know of a good commercial mortgage broker please ? We have 60% deposit excellent credit score and account for the bnb Thankyou
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Mortgage offer rate differs to illustration pd
So on our mortgage illustration from Santander we were given a rate of 3.79% but on our offer we have been given 4.14% and the product code is different. Why would this be? The monthly repayment are now a lot higher. I really dont want to go through everything again as they asked for so much documentation but its such a…
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Mortgage lender not looking at my decision in principle in time
Hello, i am currently in the process of re-mortgaging my property. under the advice of my lender i did not submit my application for a decision in principle until a certain date, this was 1 day before new interest rates were due to come out. the lender then did not look at my application in time and i am now subject to the…
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Mortgage application
Hello all, I hope everyone is well. I have a question that I wanted to put out there to help me with a decision. As everyone knows the rates have risen massively and they are probably only going to go higher in the next few months… With this in mind I want to look at buying my first house as soon as possible, one thing is…
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Sign title deed 5 months out?
Due to the volatility of the market we like many others have applied for a deal with NatWest to lock in a rate prior to our current fixed rate ending at the end of March 2023. The mortgage has been approved and their solicitors have asked us to sign the title deeds. What happens if in 5 months we end up staying with our…
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Remortgaging today; the wait is killing me
Anyone else in the same boat and how are they coping with it? I had no news this morning yet and when I called, automated voice only said they're extremely busy with remortgaging and to wait.
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Help with new Natwest switch offer
My 2.04% fixed ends in 6 months so am now eligible for a product switch with Natwest, but really unsure what to do. I think I'm going to ignore the 5 year fixed deals which are 5.74% Roughly £58k remaining and 13 years left on current deal which is £416 a month and LTV is about 30-35% I've been offered these rates to…
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Early exit fee on new mortgage when selling house issue
We have just got a buyer for our rental property. The mortgage runs out on the 31st Dec. The sale will probably take until February 2023. We had already arranged a mortgage from 1st Jan to fix on lower rates before we decided to sell but it does mean an early exit fee of £5,000. Are there any other ways to avoid this or…
