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Parent moving in, contributing to cost of house, but don't want on mortgage, is there a way?
Hi all, I'm hoping you can help! I think this is a common question (and I have looked at past posts first!) Myself and my partner want to move to a bigger home, we also want his mum to move with us but to move into a separate building e.g. converted outhouse etc. We'd like to use the money from the sale of our current flat…
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Mortgage advisor messed up.
Hi guys, After a bit of advice. So we got quotes for both a 15% LTV product and a 20% LTV product through our mortgage advisor. We agreed to go for the 15% as there was no real benefits from the 20% product. The issue has come from our Broker has applied for the wrong product and the lender is unwilling to change as in the…
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Which mortgage should I overpay pls?
Hello Which mortgage should I overpay please? I have 2 mortgages on my property, both for 33 years. I have £114k fixed for 2 years at 1.54% (because we ported it) and 205k fixed for ten years at 2.24%. We are worried about the rate on the 114k being massive after 2 years so should we make extra repayments on that mortgage…
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Overpay or save?
Hello, Looking for some advice if anyone can help? I currently have a mortgage that is fixed until February 2027 at 1.03% and has 27 years to run. I have been overpaying £600 a month for a quite some time to try and get the amount down which is now at around £313k, (house is worth around £650k) Seeing the interest rates…
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Whether to add spouse to deeds and mortgage
Hoping for some insight, please... Although we are happily married, when we took out a mortgage in 2014, my husband was a SAHD, and I was employed full time, so we were advised by our financial adviser to purchase and mortgage in my name only. At the time I was on a temporary contract, which he also said made lenders…
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Variable or fixed as first time buyer?
I’m a first time buyer and am wanting to get advice on what others have done as a first time buyer. The rates I’m getting are: fixed 5 year 5.39% £454 variable 2 year 3.15% £348 I’d like the idea of the same monthly repayments, however, I wouldn’t want to be paying a high interest rate if the interest rates drop. On the…
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Halifax timescale
Mortgage application submitted via broker Hard search and 2 soft searches done today Said valuation should be instructed within 24 hours. Valuation fee came out of bank account this evening What’s the next step? Broker said everything so far looks good.
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Product Transfer/Switch
Hi I have been offered a product switch on Kensington's system. My fixed rate does not end until 31/03/23 - the rate is quite high and I am exploring other options. If fixed rates do come down a bit do these switch options also change? Probably a stupid question but there's so much to consider at the mo!
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Mortgage Declined. What now?
I have just been informed that my mortgage application to Nationwide has been rejected. They cited a commercial supermarket on the ground floor, and the vacant building attached to the building, affecting the ‘saleability’, as the reasons that they would not loan on the property. So, what do I do now? Also, has this…
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Interest rates during a recession
My wife and I will need an Equity Release Mortgage in about
2 to 3 years time – when our savings are depleted. (About £100K against current
property value of £800K) Interest rates have shot up in recent times. I’m convinced we’re in or heading
for a deep recession when from my past experience interest rates tumble. Would
I…
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Clydesdale mortgages online account
Hi all I recently completed on my clydesdale mortgage - I have had the letter about first payment etc. One thing I can’t find anywhere is how to login to manage my account online or if you even can? Their website seems abit of a mash between clydesdale and Virgin at the moment - does anyone with a Clydesdale mortgage know…
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Changing solicitor early on
Hi, I have received paperwork from my solicitor to formally instruct, but the quote on there is £400 more than what they quoted me by email. They are also not replying to emails or calls. Is it okay to change now. I would have to let the sales team know and also the application that has already gone to the bank. I would be…
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Am I a first time buyer?
Back in 2008 my girlfriends parents sold the flat we rented for them, and they invested in 50% of a house, with my girlfriend and I getting a mortgage for the remaining 50%. Guess what? We split up a year later. Being 2008, it was the first year that house prices went down instead of up, and basically, I just took my name…
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Mortgage Audit
Hello I have a mortgage application and its been pulled for audit just before exchange. Can someone explain what happens during a mortgage audit. Mainly can someone confirm if they will contact my employer or contact HMRC to verify income. My mortgage application is with Skipton Building society. Has anyone had an audit…
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Skipton Building Society Reviews
Hello, I have an ongoing mortgage application with skipton building society and just wanted on some reviews on how other peoples applications went. Mainly What documents did skipton ask for, how long did the application take I appreciate any reply
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Costs for remortgaging
We are looking at doing our first remortgage and plan to release some equity to pay off all of our H2B. With all the necessary fees and no fee to our mortgage advisor we are looking at nearly £2000 in cost. About £1000 of this is for legal fees. Does this seem high? With the cost of living im worried about being able to…
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Keeping Mortgage open vs. closing
We have a small mortgage remaining on our property, we've been keeping it open as we were under the impression that the title deeds were being held safely for us by the bank, and it's easier to keep the mortgage open than finding another way to safely hold them. I spoke to the bank today and they apparently don't hold any…
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Age 58 with a small deposit
Hello all Is there anyone on here who has got a mortgage or shared ownership house or bungalow when they are retired and on disability benefits! My partner is my carer and I have a small private pension and disability benefits! We have no debt and I also have a £5000 deposit! We live in Northumberland where property is…
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Advice on re-mortgaging options
Our current Scottish Widows 5 year fixed rate mortgage comes to an end in March. We owe £260K and current rate is 1.94%. We need to remortgage and are looking at options. Aware we have left it a bit late! We have an offset account with our current mortgage but haven't used it much. I'm after some advice on what might be a…
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Mortgage broker applied for different mortgage product than the one they told us about
Hi, (Note, I will not name names in this thread, I'm only posting this for research purposes). We got our mortgage offer approved by the bank today. However, the product is for a 2 year fixed rate. We told the broker we wanted a 5 year fixed rate. We have the mortgage illustration for product we applied for in writing…
