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Will we have options?
Hi, Just trying to test the water to see if we may have options. We are looking for purchase a house valued at 280K. We have a deposit of £220k thank to equity in our current property so we need to borrow 60K we have a joint income of just over 90K We have 30k of unsecured debt at good rates, well managed etc. No late…
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Offset %lower than savings rate
Just wondering if I'm missing something but if my offset mortgage rate is lower than that offered by a savings account should I transfer my offset cash to that savings account and make sure I collect the interest?
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Went to see a mortgage advisor, but still confused?
We’re in Northern Ireland. I’ll try to be succinct. I’ve been thinking about breaking up with my partner (unmarried). We have a house we bought together as joint tenants in Nov 2020, we each paid 50% of the deposit/buying costs - 10k each. We each have 4k cash savings. We still have 95k left on the mortgage. The house was…
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Post BOE November rate rise - movement in mainstream mortgage fixed rates
It's early days yet but of the 3 relatively large mainstream lenders that have sent out broker product updates after yesterday's rate rise, they've reduced mortgage costs for some products. This includes rate-reductions, tweaking fees down, introducing/upping cashback, etc. Not huge rate reductions (up to around 0.25-0.3%)…
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Overpayment Timing
Hi, My fixed 1.64% mortgage deal expires in May. I always make my 10% over payment at the start of a new year but as I'll be changing to a new deal with a higher rate, would it be more beneficial to make the payment when I'm on the new deal if end up staying with the same lender? I'm already in the 60% LTV bracket so no…
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Fixed or tracker
I have a tracker mortgage at 1.59% above base rates. should stick with it or go for a 2 year fixed. Has anyone got any advice because I am totally confused
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Interest rate for remaining term of loan advice
Will I be locked into this? A fixed interest rate of 3.89% that will apply from completion of the loan until 30th Nov 2027 followed by the society's standard variable rate. Currently 5.54% for the remaining term of the loan. (Offered on the 8th aug)
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Lifetime Tracker BEBR +0.17%
Our current mortgage is a Lifetime Tracker BEBR +0.17%. We have about £35,000 left on this mortgage and at present, I'm inclined to stay with this rate, rather than move to a fixed rate. I've checked with our current lender, and the best-fixed rates I can get are all over 5%. I'm thinking that even if interest rates go to…
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Switching to buy-to-let and move in with family
I'm starting to research the possibility of switching to a B-2-L mortgage from a repayment mortgage and would love some pointers for where to research this please? My concern is rising mortgage rates as I live on my own so am responsible for paying everything. I now have the option of moving in with my sister a 10 minute…
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Are rates only secured for that day you call up?!
Am going through a product switch with Halifax and have already paid my ERC on Monday which shows on my account. Ive been waiting for a ‘signed declaration’ to be sent but my mortgage advisor there only works a couple of days a week and so no response constantly to emails!! Does anyone know if they can still pull the rate…
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NatWest valuation for mortgage lead times?
Hi everyone. I accepted an offer on my flat beginning of October and the buyers are currently going through the mortgage process with NatWest International (part of Bank of Scotland International). However, no one from NatWest International has sent anyone over to my flat yet to do the valuation. It's been over 3 weeks…
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Help with complaint and how to explain
Long post alert: applied to offset mortgage due to complete Nov 1 2021 from repayment fixed rate. Solicitors noticed an error on title deeds and bank admitted liability and due to error was unable to complete but wrote stating they would backdate to 1 Nov 2021 from date we actually completed to product from but would have…
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Halifax are saying that they will change my application to 'not proceeding' - what does that mean?
I applied for a Halifax mortgage in August and was approved in early Oct. I have secured a mortgage offer than runs until the end of Feb 2023. I am still mulling over whether I wish to proceed with the mortgage or remain with my current provider so, although I have completed the valuation, submitted the legal docs etc, I…
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Mortgage renewal, overpayment advice needed
Hi all, I am no expert in finances and I am just about to enter into a new mortgage renewal. I have a question about overpayments, would it be advisable to dump your savings into the mortgage or part dump, or keep them in savings? I would put in actuals but unsure about anonymity, data security etc plus relevance. However…
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Negative Equity
Hi - need some advice. 14 years ago I purchased a property (flat) on 100% mortgage from a friend for £112k. No first time buyer schemes, so was a way to get on property ladder. My circumstances changed and when i looked to move the property value had dropped and I was now in negative equity. I reluctantly let this property…
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I have debt but my husband doesn't. Will my debt effect his borrowing ability?
I want to sort my personal debt out asap, it's in terrible shape. I have 2 CCJs worth 4k from the last two years and a credit card that is active with 3k on it. I can't see me applying for any credit in the near future, but my husband will be applying to port our mortgage next year when we move house and I am worried how…
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Moving from Interest Only Mortgage
Hi, I'm trying to help my friend who has an interest only mortgage and wishes to change this, the mortgage outstanding is £45k, she has a very good credit rating but her husband doesn't, though the mortgage is in her name only. It may sound daft but I think she is scared of dealing with this as she has had this mortgage…
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Advice on my options
Hi there looking for some advice. We have a mortgage with Clydesdale currently on rate of 2.49 which was over 5 years. Rate ends on 31/5/23. We can lock in a new rate on 1/12. That will start from 1/6/23. We are looking to swap to a new fixed rate with them and was thinking 3 years - but looking at their products on their…
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Does lender notice to release funds include the completion day?
Just curious, does the typical notice required for a lender to release funds to a solicitor (let’s say 5 working days for example) include the completion day in the notice period? And what about the day the funds are requested, is this also included? E.G. say the COT is received by the lender on Monday, with funds…
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Remortgage (Non UK Resident)
Hi there, My fixed rate mortgage deal has ended and I’ll currently looking for a new deal due to the rising interest rates etc. I’m looking for a buy to let mortgage as I’m letting out my UK property and a fixed deal. I currently live abroad. I’ve tried many brokers and directly phoned banks and it’s pretty much impossible…
