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HSBC Interest Only Mortgage
Hi, Just wondered if anyone had any experience of HSBC Interest Only mortgages. After initial acceptance, do they make future checks to see if repayment vehicle is ticking over OK? Ideally, I'd repay via pension, but I know they don't accept this repayment method at application point. So, I'd initially be paying into a…
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Understanding loan interest rates....
I have a quote from Close Brothers for a car loan. £6,495 over 5 years at 9.25% (applicable on a per annum basis). Total finance interest is coming in at £3,166 - which is approaching 50% of the amount to be borrowed! When I put these numbers into any loan calculator the interest payable is coming out at £1641.00 How are…
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Bad credit and other mortgages
I want to move into a property worth about £400,000. I have a deposit of about £200,000, but I have bad credit. I have a relative who is willing to get a mortgage for me, and I will make the repayments, although he doesn’t own a home. What is the best approach? We were thinking of a Joint Borrower Sole Proprietor (JBSP)…
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Remortgage term
Hello My mortgage term is coming to an end, and I'm torn between a 2-year and a 5-year fixed rate. I wonder what people choose in the current financial climate. A lot is going on in the UK and in the world, too. Cheers
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Remortgaging but husband has bad credit - advice please?
Morning all! I am about to remortgage. I currently have a mortgage in my name only, as my husband does not work for health reasons. He also has a poor credit rating with 2/3 of the big agencies (1 he still has a good one). When we bought the house, we were not "financially tied", but now have a joint account for our food…
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Help! Confused - information overload
Hi all Hoping someone can share similar experience or has any ideas on my situation. I've fought very hard over the last year to clear up my credit file after, unfortunately, being a victim of domestic abuse (inc. economic abuse). There is just 1 unsatisfied default left on my file for £630 from RBS. This is due to drop…
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Stamp Duty Liability for my particular scenario
Due to a personal situation change, I find myself in rented accommodation, as part of that change no also own a couple of Rental Properties. I am looking to get back on the residential ownership ladder, and am confused as to what the Stamp Duty implications may be in my particular scenario. Will my residential purchase be…
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Pepper money mortgage, worried something could go wrong.
Posted this on an old pepper thread but didn't get replies. Here is my time line of events : 25.3.22 broker submits application and same day hard search on credit file and pepper money ask for a couple of documents which were promptly provided. 30.3.22 pepper are not happy with one of the documents and they ask for it to…
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Kensington mortgages experiences
Hi, we are looking to apply for a mortgage in the next couple of months but before we do I just wondered if anyone would be kind enough to answer a couple of questions about Kensington mortgages (we have a dip from them) Which credit reference agency do Kensington mortgages use for the hard credit search? I'm going to…
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Brokers for over 50?
I'm currently 53 (self employed author/game developer), and planning to go for a mortgage in 2027, when I'll be 55. I know specific brokers are not allowed to be recommended, but are there brokers that specialize in mortgages for over 50s? including for self employed over 50? I just wondered if that was a thing or not, or…
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Mortgage application
Hi, had mortgage application initially accepted by nationwide, however when the valuation of property happened they down valued the property which resulted in LTV increasing over 90%. Nationwide then couldn't complete the offer. Our application had been accepted at all stages until valuation and had been reviewed by…
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End of Interest Only Mortgage - Credit Report
Good Afternoon, I have an IO mortgage that ends on 30 September - however sale of property is taking a little longer than anticipated and it looks like completion will not be until end Oct - possibly early Nov. No problem with extending until house sold, however lender is unable to say how this will show on credit report -…
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Mortgage Porting & Downsizing
Hi all, Hoping someone can provide some clarity on mortgage porting & downsizing. Have sold our property for £575,000. Our property was valued by mortgage company approx 490k so we are in the 75% loan to value bracket. We have £367,000 outstanding on mortgage with Natwest. We are looking to purchase a property for £425,000…
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NatWest Mortgage application
Hi there, just wondering if anyone has had success with NatWest mortgage application with 1 missed shopping account payment in the last 6 months? It was only one missed payment and account has been active for last 3 years? thanks
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Name on Deeds
I had a joint mortgage which last year we changed and is now solely on my name. How do I clarify if the deed are only on my name as well?
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Is a mortgage a realistic option?
There's a whole saga behind this which I won't bore you with, but: I'm the sole carer for my elderly mum (84), who currently has the use of a relative's holiday flat after returning to the UK. She has no formal tenancy – this was only supposed to be a stopgap arrangement while we applied to housing associations, but it's…
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new mortgage with one partner with credit card defaults
Hi, my husband and I are looking to move house and our current lender, Natwest had declined a new mortgage. My husband has a fantastic credit file. I defaulted on 6 credit cards in 2024, I have 3 remaining. 2 were sold to Lowell who were not able to provide proof when I asked for a CCA and they closed the accounts and said…
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House buying with leased solar panels - A shade Greener
Hi, Currently in the process of buying a house. Been going on for about 6 months. The house has solar panels on lease from A Shade Greener. Long story short - we are waiting for a shade greener to receive the deed of variation the solicitors have made, and then will need ASG to register with land registry. Has anybody been…
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Re-mortgage problem - Network Rail Covenant
Hi MSE forum, please help - I’m struggling with my mortgage renewal due to a restriction on the deed - a network rail covenant that requires their permission for remortgage (I live next to the railway). The new mortgage company (Santander) are declining to enter into the deed of covenant that has been prepared by network…
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Nationwide proof of deposit - pending LISA bonus.
I have just applied for a second mortgage with nationwide as my previous purchase fell through. They have only asked for proof of deposit this time and I’m about £4 short overall, however that includes interest that isn’t showing on my latest statement. I then have £125 bonus pending, which also doesn’t show on the latest…
