-
SVR and OVR
I've got an offset with Clydesdale - I know that the standard rate is different - usually about 0.3%. Every time there is a change in the BOE rate that gets reflected in both rates - however on the latest change the SVR has gone down 0.25 but the OVR has only gone down by 0.1%. Seems strange - is this just Clydesdale or a…
-
Legal Fees for Remortgage?
It's been 5 years since my last remortgage, so I can't quite remember how it works. I'm looking at either a 2 year fix with either First Direct (4.04%) or HSBC (4.07%). My remaining amount is "only" £106k, so any upfront fees for a slightly reduced interest rate isn't worth it over 2 years.One of the comparison sites I'm…
-
ERC Skipton
Sorry to ask here but having spent 2 hours today on the phone/chat to Skipton without getting through I thought someone here might be able to answer my question. Origional loan £117000 in 2019 5 year fix. Renewed (product transfer) mortgage at £79000 march 2024 with Skipton 2 year fix. ERC is 1.25% it says the original…
-
Trying to buy out my father's lifetime mortgage (equity release)
I am in a very unique situation and am struggling to find
advice. My father has a lifetime mortgage that he took out around 15 years ago
for the house we both live in. House valued at around £350k, debt is £230 and
rising massively every year (last years interest was £12,500). I want to buy
out the debt with a mortgage, so…
-
Should we avoid mortgage product fees?
It's that dreaded time to remortgage, our current fix is ending in 4 months :'( Our current lender has offered a fee-free 2 year fix at 5.15%, it's like they don't want us as a customer anymore We've been overpaying the mortgage consistently since the second year and it'll be around £107k by the time my current fix ends. A…
-
Fixed mortgage coming to an end
My hubby and I have a mortgage for 10 years which is coming upto five years May 2026, this part is fixed rate, we have a lump sum which will clear half of the remainder of the mortgage but wondering if it's time to look at another fixed for the remaining mortgage (after the lump sum as been paid) Any advice would be…
-
Including fee in loan: Monthly fee versus 'estimated total cost' confusion
Hi all. Part of my mortgage is ending at end-November so I'm looking at the loans that are available for me to switch to on their portal and there's one detail on all the products that is confusing me greatly. That is, when you add the product to the loan the monthly fee is higher, in every case, as you'd expect - makes…
-
Debt Priorities before mortgage application
Good morning everyone! I'm looking for some advice, and reassurance hopefully. We have a reasonable joint income of around 100k, but I am currently enduring some high credit utilisation and DTI which is hampering my credit rating and chances of getting a mortgage. I have a consolidation loan of 25000 ticking over at 500 a…
-
Help me understand remortgage/ additional borrowing
Hello everyone I am trying to get my head around the possibility of remortgage/additional borrowing. Our current deal is up in a few months and I was hoping to borrow some extra to consolidate some debts. Mortgage amount outstanding is 150,000 and I would be looking at borrowing an extra 25,000. Having looked online it…
-
Residential & Buy To Let Mortgage - maximum can borrow
Hi There - I am looking for some advice as to how much I'm likely to be able to borrow between getting BOTH a buy to let and a residential mortgage. I'm struggling online to understand if there is a rule of thumb as to what the maximum I'm likely to be able to borrow is between the two. I earn approx £110k (+£30k bonus)…
-
Difficulties regarding our property after relationship split
Please note that I will be seeking out independent legal counsel, but in the meantime, I’m wondering if anyone else has been in a similar situation to this and/or can offer any advice. Please try to be mindful that this has been a super emotional time for me :( What happened:My (40M) ex-partner and I (36F) co-own our home…
-
Removing name off title deeds
Hi I am named on my parents property title deeds as I was named on their mortgage as a name only I never paid towards it, the mortgage is now fully paid. does anybody know how I take my name off the deeds? And how long this usually takes? I don't know where to start!
-
Unusual mortgage situation please help
Hi, just wondered if anyone can help or advise. Me and my OH are wanting to buy a house together and have 81k in joint income, my OH has a shared ownership property that he's selling and we will pay any remaining debts off with the equity, might have 1k in credit card and then a 5% deposit for a new home. Our credit…
-
Remortgage to get away from Engage Credit
I currently have a mortgage with Engage Credit. It was previously with Kensington & they transferred it to Engage. My rate was 4.6% and I was paying £520 a month. I not have had a second increase to 6.5% which means £618 a month. As I am in a variable rate with around 9 years left, I would like to move away but my credit…
-
Borrowing extra and remortgaging
My mortgage deal ends next month and I want to borrow more money to purchase some land. I received an acceptance for an offer in principle with a LTV of 40%, but when I had the meeting, they said that the maximum they would lend me was £22k less than requested. I forgot to tell them about child maintenance payments and…
-
Additional mortgage loan problem - Santander
Hi, I don’t know what to do anymore. We applied for an additional loan with santander and all was going fine. On the 13th Aug the payment was confirmed and authorised. 3 weeks later and I'm still waiting for the funds to go into my account. I'm having daily phone calls to santander and keep getting told that they've been…
-
Unusual mortgage situation, please help!
Hi, just wondered if anyone can help or advise. Me and my OH are wanting to buy a house together and have 81k in joint income, my OH has a shared ownership property that he's selling and we will pay any remaining debts off with the equity, might have 1k in credit card and then a 5% deposit for a new home. Our credit…
-
Nationwide mortgages
dunfermaline went into administration and now nationwide cant provide me with my mortgage agreement, i have requested it and done a dsar but they dont have it what should i do ? My Dunfermline mortgage was only for 87k and nationwide have added over 20k to the balance in unfair charges and have tried to repossess my house…
-
Mortgage Application - Debts no longer on credit file.
I’m planning to apply for a mortgage, hopefully using a broker, within the next three months. I could borrow around £343k, but I only need £250k. I have around £8k of debt from a previous relationship that is no longer on my credit file. I’ve been making token payments to the DCAs for some time, hoping to get settlement…
-
Santander repossession
Due to a very complicated set of circumstances we had our house repossessed, I had been very stupid and deceitful and my wife was completely unaware of the whole situation till the day of the repossession. To cut a long story short we challenged the repossession using solicitors and a few weeks later were told if we pay…
