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Equity Release: Fair fees and commission?
I'm sorting out Equity Release on behalf of my dad. I've used 2 registered advisors so far, to have some kind of due diligence on my part. (For reference this is to release £100K against a £500K house which has no securities and dad is a fit 80 year old). There's something just a bit "off" about it all - like in years to…
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Santander Mortgage Renewal
Hello all! I am due to renew my mortgage in the next few months. I am currently with Santander, no issues what so ever. Due to being a complete !!!!!! with money & credit cards during COVID & "living my best life" - i am now in a DMP and my credit has plummeted since i took out my current mortgage product in 2020. Because…
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Pay off mortgage or keep savings?
Looking for a bit of advice about how to make our savings work best for us - Any suggestions as always appreciated! My partner has recently moved in with me after selling her house. We decided to deposit the money from the sale (£80,000) into the highest earning savings account we could find (A Cahoot saving accounts with…
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MSE News: Mortgage lenders cut tracker and variable rates for some – check if yours is changing
Many mortgage lenders are cutting tracker and variable mortgage rates for existing customers as the dust settles on the Bank of England's decision to cut the base rate from 4.25% to 4% just days ago. We've compiled the changes lender-by-lender. Read the full story: 'Mortgage lenders cut rates for some after Bank of England…
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Lifetime ISA and Mortgage
Hi all My son has a lifetime ISA, he is in the process of buying his first home in his name, we were going to gift him the rest of outstanding amount. However we have been told he needs a mortgage in order to use his lifetime ISA and get the bonus, otherwise cashing in he loses 25% getting less than what he has put in.…
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Any lender allow overpayments/underpayments/refund of overpayments
It seems like no lender does anymore more. I would like a mortgage I can overpay, but if needs be draw that overpayment money back out if needs be, it seems I can only see Barclays allow underpayments and thats it? Offset seem non existent or extortionate rates?! Scottish Widdows and First Direct no longer even do offset.…
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mortgages for non uk resident
Hi all, I no longer live in the UK, but I still own property there (thankfully, mortgage-free). I'd like to raise capital from that property to fund the purchase a property in France, where I now live, and then rent it out to repay the mortgage. it's a highly sought after area and easily rented. plus i already have a…
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MSE News: Will mortgage rates fall? Should you fix now or wait? Brokers give their views
Average interest rates on two-year fixes are lower than those on five-year fixes for the first time since 2022, while the base rate now sits at 4% following a recent cut by the Bank of England. But what does all this mean for fixed rates looking forward – and should you fix your mortgage now or wait? Read the full story:…
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Longer terms equal better rates?
I’m thinking about the term length when I remortgage to either keep it the same (21 years - if I did this option I would overpay) or reduce to 15years. When I reduced 21 years to 15 on my Barclays app, it reduced 26 offers to 3. I hadn’t realised it would make so much difference
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is collateral acceptable when applying for a mortgage
so if you own your own house can you put that up as a back up if anything were to go wrong on the 2nd home.? Old house worth twice as much as the new one so it's well covered.
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Are all brokers even?
Would a broker get a better deal than what the Halifax are offering me when my current deal ends? One broker has contacted me but they couldn’t offer anything different to what I got direct myself. They still wanted me to go via them (which seemed pointless to have to submit my financial and legal documents again when I…
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Buying a house with my pension and the daughters income
Before we go and chat with a mortgage adviser next week, I would just like to see if anybody can offer any advice. We are mortgage free, however the daughter is still with us due to her low income. We would like to all move into a bigger house as she is now expecting. Sadly her partner of many years has walked out on her.…
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Do lenders ‘price match’ deals
Hi, do lenders ever ‘price match’ - I’m with the Halifax and due to end my current fixed rate deal in October. Santander has a better deal. Is there any point me speaking with the Halifax to see if they can match it before I switch or don’t they have that flexibility
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Remortgage - minimum term?
Hello everyone My current fixed rate mortgage deal comes to an end in 6 months so I will be looking around for a new deal. I currently have 9 years left on the term. However, I want to use some of an inheritance to pay off a lump sum before I renew my fixed rate mortgage. This would reduce my term to 3 years. My question…
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Can I act as the Bank for my Daughter to buy my House
I have a mortgage free house, is it possible for my daughter and husband to buy this off me direct. For example Value £280000.00 They pay me x amount each month until it is paid off rather than renting it off me. I would get it drawn up legally if it is possible. Would there be any tax implications?
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Credit file/mortgage query- HELP!
Hi all… I am in need of some advice please.. I am currently in the process of moving homes and want to port my mortgage with Santander. I was successful in getting the DIP, however when I went on to do the application, I was told it had declined due to the following reasons: - Showing active account for a lease car -…
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Mortgage broker fee for BTL LTd product
Hi, there ! Would appreciate your guidance on what approximate expected independent broker fees for BTL limited company mortgage? Is £1000 is about right/ steep ? Many thanks!
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Staying with existing lender or change
I am moving house. The mortgage I have at the moment is just in my name and will be ending on the sale of this house. What I want to know is are there any benefits of staying with the same lender for my new mortgage which will be with my partner? Does it make anything quicker or easier because I've already been with them…
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MORTGAGE ON AN OFFICE CONVERSION
I am selling my flat through an estate agent to downsize. It is a great flat that has attracted loads of viewings and is on the top two floors of an office conversion done in the 1970s. We got a buyer for whom the broker attached to the agent has been trying to get a mortgage. Unfortunately the buyer had put that it is…
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Natwest remortgage
Our Natwest 2yr fix comes to an end at the end of August. I'm wondering if anyone knows if last week's base rate cut has yet been factored into their current fixed rates? Or whether I should hold on a little longer before selecting our new deal with them.
