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Mortgage Advice
I want to buy my husband out of our jointly owned property as found out he has been cheating. I would need to remortgage to release equity to do this. Am I best speaking to my current lender directly or using a broker for a new deal?
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Tracker mortgage.
Hello. So I'm able to renew my fix the end of February (3 months early) With fixed rates probably going to be around the 7-8 % mark by February it seems a tracker is the better option in the short term? Even if the base rate hits 5% and the tracker is 1.45% over base rate it's still lower? It only doesn't make sense if the…
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To pay off or not to pay off...
Query: if we pay off our mortgage before the fixed rate ends will the remaining balanced incur interest at whatever the interest rate is ? Or on the bank of England rate at the time ? Should we carry on chipping away until it ends then go on to new fixed rate or just bite the bullet and have peace of mind of being mortgage…
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Remortgage with current lender?
Hello In need of some advice, please (another rise in interest rate panic thread). I'm currently with HSBC on a 2.99% interest Fixed Rate which ends in August 2023. My question is - would it be worth staying with HSBC or going with a new lender entirely next year? Situation: the mortgage is £115k with 42 LTV and the…
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Low LTV first time buyer. Is mortgage always best or can a loan be better?
Planning to buy a £250,000 flat as a first time buyer. I have £190,000 in savings so I need a mortgage or loan of £60,000. My salary is £70,000 so the shortfall is less than 1x salary. In this situation is there some other type of loan as a cheaper alternative to a mortgage? I'm in full time employment not self employed so…
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Birmingham Midshires pays compensation to mortgage customers - MSE News
Birmingham Midshires - now Bank of Scotland under Lloyds Bank - have made my life hell - they wrongly increased my CMI between Jul 2016 and Oct 2018 which amounted to them over charging me approx £32,000 during the 2yrs, as per the FCA ruling they reimbursed to the account but instead of the full amount of approx £32,000…
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Mortgage options for someone with a default
Hi , Asking on behalf of a friend. Just wanted to know which mortgage companies are out there that would give a mortgage to someone with a default on their credit report. Default is now 5 years old. Many thanks
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BBC illustrative mortgage payments
Can anyone explain to me the BBC's illustrations of the effect on mortgage rates for those on tracker or standard variable mortgages? To quote https://www.bbc.co.uk/news/business-57764601 "The increase in the Bank rate from 2.25% to 3% means those on a typical tracker mortgage will pay about £73.50 more a month. Those on…
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Sofa credit after completion?
Hi all I’m looking to complete on my house in the next 8 weeks. I’m desperate to get out and start looking for furniture, in particular - sofas. I’m going to wait until after completion though as I’m hoping to get them on finance. Does anyone know how likely it is to get finance on sofas after completing though? My credit…
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Private road insurance and ownership new build - pledge for help!
Hi all - I am making a pledge for help to anyone with private/unadopted road experience!! I am buying a new build. All checks came back. I am concerned about the private road, which the house fronts onto and would be grateful for any advise. Part of the property (half) fronts onto the adopted road and part of it fronts…
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Lending to children - what am I missing?
We are wanting to help the children with a loan as their current 2 year (2.0%) fixed deal ends in December. The initial plan was to led them the full amount (c£150,000 which is 55% LTV) and charge them the same interest rate. At the moment I see that there are 2-3 year discounted variable rate deals of 3.0% available at…
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Kent Reliance further advance
My current mortgage is with Kent Reliance I have remortgaged and re-fixed my rate for 2 years. A side from this I requested a further advance with Kent reliance and this is being done as a separate secured loan. I received a mortgage illustration from Kent reliance on 18th October approving the additional borrowing, a soft…
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When to use savings for overpayments?
Hi everybody! We bought our first home (£360k mortgage) earlier this year and thankfully we have a 5 year fix at 1.22%. We have been overpaying £250 a month since we moved in but if I understand right it would be better to put that money in a savings account with higher interest than 1.22%. If we do this, when should we…
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Mortgage or Loan
Hi, I have just over 14k left on my mortgage and the payments are increasing that they are almost up to my current monthly over payment. I cannot afford anything more than I'm currently paying. So my question is would I be better getting a loan to pay off mortgage and have a fixed payment or take the risk of my mortgage…
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When is the next rate rise scheduled? January?
January?...
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If I take out a new fixed rate deal with my existing provider, will they require a valuation?
I ask because this seems like a good option if house prices fall (which I doubt they will much—but you never know) and you're close to negative equity. (We took out a 95LTV mortgage last year.) If they don't require a revaluation, seems smart to stick?
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YBS application
Anybody with recent experience of mortgage application with Yorkshire building society? Doesn't show service levels as I believe it's direct app only. Thank you.
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Interest only request and Kensington mortgages
We are stuck with the awful company Kensington mortgages ( customer service crap) we have 1 default as Stepchange gave us very poor advice on paying DMP 3 yrs ago. Paid in full all debts 2 years ago. Have another 3 years on default / credit file . Mortgage needs renewing for 1st Jan 2023. Cost of living and bills for…
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YBS fixed rate ending.
My fixed rate is coming to an end Feb 2023. I could have sworn when I logged in last month it said December 2023 which would have been a three year fixed rate when I last fixed it December 1st 2020. Unfortunately I can't locate my paper copy just yet. They are currently only offering me two deals, both 5 years fixed at…
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Not on electoral roll
I may be moving into rental next year after selling my
house, I realise it can take along time to get registered on an electoral roll, ive know it take a year, how would it effect my mortgage chances if I was still registered at previous
address? Would only being in rental for a few months effect my likelihood
of getting a…
