Mortgages & endowments

The place to discuss everything to do with getting a mortgage, remortgaging and more.

Mortgages & Endowments sticky
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Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
NatWest Mortgage Application Help Complicated
Hi everyone, This is on behalf of a friend who has never had mortgage and is quite new to borrowing. He is to buy his parents property, for £145000 the property is actually worth £250000. He wants to borrow £145000 because that is the current mortgage on the property left. out the blue he had a call from NatWest even…
Coming out of a remortgage offer.
I contacted my broker 6 months prior to my current mortgage coming to an end. My current mortgage was at 1.79% interest rate. Obviously, the rates have rocketed since then. She managed to get me a deal with Santander but to keep my monthly payment low enough that I could afford she suggested that I increase the term from…
5 Yr Fixed Mortgage ending with a Help to Buy
My daughter purchased a new build in 2019 and took out the 20% Help to Buy deal with a Santander 5 year fixed interest mortgage. In preparation for next year when the fixed interest finishes (and she realises we don’t know what interest rates might be) should she pay off the Help to Buy before the 5 years expires? What is…
Coming off a Joint Mortgage
Hi everyone, Just after some advice really, I am currently trying to come off of a Joint mortgage. My situation is; Me and my ex parter have split and she has been living in the house we have a mortgage on for the past year, i am now wanting to come off the mortgage due to it holding me back from starting my own life and…
Help to Buy Loan written off in bankruptcy
Hi there I have been following the crisis hit flat market and a friend of mine's son who took advantage of the help to buy scheme buying a 600k flat in central London handed his keys back to the lender last year and declared bankruptcy and has secured a job in Australia having worked for the NHS.A similar flat to his was…
Re-mortgage offers with current lender now cheaper than other mortgage lender I'm borrowing from
My teensy rate HSBC mortgage is due to end 1st November, and they wanted another £350pcm to revert to SVR - and on checking their deals in July they offered nothing better. I went through a mortgage broker I've used previously and she found a rate of 5.59% in July from Santander which would 'only' cost me £200pcm more than…
'Top-slicing' for BTL affordability assessment - impact on residential remortgage for main residence
I have a BTL mortgage that's coming up for a remortgage, and the rent is only about 115% of the monthly mortgage payment (interest-only). This is leading to lenders offering to lend me less than the current outstanding mortgage amount. One option that I've heard about that might help is 'top-slicing' where my other income…
Weekly mortgage payments UK
So i keep reading that paying my mortgage weekly would mean that i would save money on mortgage interest as i would be reducing the balance weekly rather than monthly - no intention to overpay at this stage just would want to pay what i would normally pay annually but paid over 52 weeks. I'm thinking this must save metres…
Mortgage problem
Any advice be very much welcome ,firstly very worried and scared of the future as I’m stuck in interest only mortgage and have been for 20 years I know its been very stupid of us but with family children over the years I'm now 52 years old, we’ve just plodded on, now in situation where mortgage has tripled almost finding…
Halifax mortgage just approved, but rate has now dropped, what should I do?
Hi, had approval last week for a 5 year fixed. Not getting the keys for another month, but I see Halifax are reducing rates today. Do I need to re-apply all over to get a lower rate now? They approved really quickly first time.
Car or house first? Loan/mortgage options
Hi, As above - looking for advice / thoughts on whether to prioritise saving for buying a house vs buying a car please. So, I don’t have a car at the moment. I’ve been managing ok without one whilst saving for a deposit for a house, but lately I’ve been feeling quite stressed with not being able to travel under my own…
Buying before selling - briging loan or mortgage or other?
Hi, looking for some advice regarding buying a new house before selling our current one. Our plan would be to buy a property before the end of the year and sell current property in spring next year. Current property is owned outright/mortgage-free so I'm trying to figure out what our best option is for funding the new…
TML / The Mortgage Lender - Experiences, Timescales, General Help
Good evening all, I'm trying to find out some information on TML (The Mortgage Lender) as we have just submitted an application with them via our Broker. We have previously been declined by Aldermore for the same loan amount and broker's advised up to try TML. Can any of the MA's on here (or anyone with experience of using…
HSBC Mortgage application timelines
Hi All, I not found any recent HSBC mortgage application timeline that’s why I started new post. My application timeline as below. AIP & Application : 11th March 2021 Credit search : 11th March ( 7 time soft search & 1 hard search) credit search : 17th March 2021 Ask additional docs: 17th March 2021 Docs submitted : 17th…
Bluestone Mortgages
Hi All, We've recently received a DIP with Bluestone, my credit file is in a terrible state and to be quite honest, I firmly believe our broker performed nothing short of a miracle to pull this off! (Lets just say- missed payments in January, payday loan 5 months ago, a DMP and 2 defaults 7 months ago... the list goes on…
Off Grid Mortgage
Hi, We have built our own self sustainable home which runs on Solar Power (owned by us, not leased) and we are not connected to the National Grid, as we live in a rural area and the Grid wanted in excess of £100k to connect us. Does anyone know of any mortgage companies who will lend against an off grid property.... so far…
Early Repayment Charges - Terms and Conditions versus Policy
I have recently been charged substantial Early Repayment Charges on a mortgage which was defined by the lender as portable. The completion of my new property was delayed for 43 days making simultaneous completion of the old and new properties not possible. Nowhere in the terms and conditions did it stipulate the sale and…
Nationwide Mortgage
Anybody applied with nationwide recently Text: 8th July Hi, Nationwide here. We've received your mortgage application. If you're an existing customer switching to a new deal, your switch has been accepted.
BTL switching to build a portfolio
Hello Looking for some advice, we have a residential rental property on consent to let, well Halifax has added extra interest this year so we no longer need to renew consent to let. We are looking to buy another property to rent out and would like to switch the current one to a BTL mortgage, possibly raise funds for a…

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