-
Lifetime mortgage
I’ve recently had a valuation for a lifetime mortgage and because my property has no gas central heating the application has been declined. The mortgage broker stated that no mortgage company would give a lifetime mortgage to a property without central heating. Is this true as surely there are a lot of properties without…
-
Downwards trend for Base Rate
I'm fairly new to all of this, but after lots of research and reading countless industry predictions, it seems pretty certain that the base rate is on a downward trend for the next few years. With this in mind, and my main priority being keeping monthly repayment cost down, it seems a pretty obvious decision as I'm…
-
Porting question
I will be calling First Direct mortgage team in the morning but wondered if anyone knew the answer. Our current Mortgage is with First Direct & fixed for another 3 years at 2.29% (10 year fix) We have found a house which we have offered on and had accepted. Our house is on the market (8 weeks) but not sold yet (It has been…
-
Equity release?
My
wife, my brother and I bought a bungalow in 2007 using an interest
only mortgage which needs paying back in 2026. All three of us
contributed towards the mortgage but it was in the names of my wife
and I. My wife
and I lived with my brother for a few weeks before buying another
property in 2008 without a mortgage for my…
-
Remortgage BTL quote - arrangement fee of 10k!
Hello, The mortgage broker has come back with a quote for remortgaging our property - currently being rented out so it's a BTL mortgage. Unfortunately need to take equity out to put towards a deposit (living in rented accommodation atm). Broker has come back with a quote with a £10k arrangement fee (from the lender, not…
-
NatWest Mortgage Application Timescale 2024
What is current time frame from start to finish on a mortgage application with NatWest?
-
NatWest Mortgage Application Timescale 2025
Hey, we would like to know anyone experience when putting a mortgage application with NatWest. FTB with 10%. Joint applicant on perm salaries totally combined income of £105k DIP issued on 6/05/25 FMA submitted on 8/5/25 Valuation on the 14/05/25 Any feedback would be appreciated.
-
commercial lease
Can anyone give me an idea in regard to a commercial lease, I own a property and rent it, its on a 3 year lease 5 months in and the tenant wants out can anyone give me an idea as to how much to charge for a surrender of lease roughly there is no break clause, thanks in advance
-
Mortgage advice
Hi i will be applying for a mortgage in 12months time. I have 20k saved for a deposit and my partner has 10k saved. I earn 40k a year. I recently took out a 10k personal loan for car over a period of 8 years monthly payment 166 pounds. No other debts. Will this loan affect my mortgage application ? Also I am overpaying the…
-
Several applications
Hi, Realistically how much full applications/hard credit searches is going to damage my credit score? If I have a pretty excellent score elsewhere? I’ve already applied for a couple of products (both have which have provided an offer) however with the rate changes, I’m now torn between applying for a new product with the…
-
Bank of England cuts base rate to 4.25% – here's what it means for your mortgage and savings
The base rate has been cut to 4.25% from 4.5% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates. Read the full story: Bank of England cuts base rate to 4.25% – here's what it means for your mortgage and…
-
Overdraft and Mortgage
Hi everyone, Me and my partner are looking to buy a house at the end of the year. My credit score was pretty poor and I’ve built it up to excellent over the past 4 months - his is also pretty good. I’m concerned of my use of overdraft and if this will affect our chances of passing mortgage checks. I’ve been in and out of…
-
Repaying Lifetime Mortgage
Hello there, Recent change in circumstances means we want to fully repay our lifetime mortgage and obviously get the charge quickly removed from our title. Basically asking for advice about making secure payments please: We have a settlement figure and now wish to make a quick secure payment (to avoid incurring any more…
-
MSE News: Skipton launches UK's first 100% no deposit mortgage since 2008
Renters struggling to save for a deposit can now get a 100% mortgage from Skipton Building Society. It's the first no-deposit deal – that doesn't require a guarantor's backing – to launch in the UK since 2008, and MoneySavingExpert.com founder Martin Lewis says it could be a "sensible" option for some. We explain who can…
-
First Remortgage - Better to extend to 35 years and overpay?
Hi all. It's almost time for my first ever remortgage and I'm hoping for some advice on the "best" deal when factoring overpayments. I'll add in my details below, apologies if they format a bit odd I'm not sure how to make these neat. I'm also unsure of the overall cost difference between these options as almost all the…
-
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…
-
Help to Buy Interest Post 5 years
Hello, I originally took out a H2B loan in Nov 2020 to purchase my 1st house, I am shortly coming to the end of the 5 year interest free part which is fine. Due to increase in value of my house I cannot afford to re-mortgage in November due to other debts, so will be switching my deal with my current lender (Nationwide)…
-
MSE News: Is now a good time to fix your mortgage or should you wait?
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further – and should you fix now or wait? Read the full story: 'Is now a good time to fix your mortgage or should you wait? Brokers answer…
-
Existing lender switch rate cheaper than comparison sites
Current mortgage ending end June 2025; LTV is ~45% , 15 years left. Surprised to find that my existing lender (HSBC) is offering me the cheapest rates of all for 2 or 3 yr fixed deals, cheaper than any of the comparison sites I'd looked at.....I had expected to find another lender with a cheaper rate but maybe not. Is this…
-
What can we realistically borrow
Hello, We have a residential mortgage for 170k and property is worth 215k We also have a BTL mortgage for 127k and the property is worth 225k. We have a joint income of 96k (30k and 66k) We also have debt of 47k Would it be possible to sell the residential and purchase a property for 425k? 5% deposit 21k Stamp duty - 12k…
