-
Mortgage overpayment query
Hi Everyone, I'm a newcomer to morgages in general so my apologies if my query is rather basic and should be obvious :) My mortgage provider allows for overpayments without penalty of up to 10% per year over the early repayment charge period, which is 2 years in length. My query - Is the 10% normally a fixed amount based…
-
Decision in principle with financial associate
Me and my OH have recently been looking at joint mortgages which we have established are not appropriate due to his credit. We initially did get one but unfortunately something else came up which meant they wouldn’t consider. My parents have now decided to gift me some money and We have decided I should apply for a solo…
-
Mortgage Rate Change
I would appreciate some advice please, I received an expected letter from HSBC that my current mortgage rate of 3.24% is coming to an end on 31st October. Is it best that I wait a few days before I check the new rates, given the recent interest rate cut? Not an expert with all things mortgage and I obviously want to get…
-
Mortgage in Principle - low and will I get it ?
Hi I have a £185k deposit gift that I can’t use for anything else but a deposit I have £18k of secret credit card debt that I need to address myself - it’s currently interest free I got accepted for a mortgage in principle off two lenders for £100k - low as I’m on £45k but in a sales job with a bonus - apparently that…
-
Mortgage query
Hi Im currently trying to sell my house but it’s very slow, with no offers. A property we’d like to buy has come on market. We’ve enough savings for 60k deposit but property will be sold before we sell. My son has offered to buy as 1st time buyer to secure it. can he use our deposit and we’ll just buy it off him once we’ve…
-
Fix coming to an end plus Help To Buy
Hi all Posting this on behalf of a family member. They bought a property (£142.5k) using HTB (20%) 4 years ago. Their current mortgage fixed rate ends 31/10/25. At 31/10/25 they will owe approximately £93.5k and already have product transfer options available within current lender (Barclays) i.e. 5 year fix at 4%.…
-
best equity release with intrest paid montly
hi iam looking for the best company for equity release paying back the monthly interest i have £20,000 intrest only mortgage to pay off next year my house is worth around the £470,000 mark i only want £45,000 outto pay off existing mortgage and the rest for new kitchen bathroom etc . but i would like to pay off the…
-
HSBC Tracker, currently 4.24, presume 3.99 end of year, fixes are currently 3.95
At what point would you move to a long term fix, I am trying to ride out the BOE rate reductions but anticipate there is a point where I need to realise the fix is the lowest it will be. The problem is I cannot fix and keep changing the product/date which is annoying when on a HSBC tracker and rate switching...
-
Finding a mortgage broker
My mid twenties son is looking to buy near to where his company is based on the south coast but he currently lives/works from our home 150 miles away. Where should he look for brokers, local to where he buys, or nationally, or does it depend on his financial circumstances? Are brokers paid by the purchaser and if so, is it…
-
Abbey National Mortgage Charge Removal
I'm having an absolute nightmare trying to have an old Abbey National mortgage charge removed from land registry. Proposed completion dates on my parents house sale have come and gone. The call centres can't/won't help and I'm not able to speak to the admin department in charge directly. We're now numerous calls and 3…
-
Mortgage renewal
Hi our mortgage with Nationwide is due to run out at the end of Aug. Due to the interest rate cuts have they already been factured in? Or is it worth waiting another week or so? Also we've renewed twice now each time taking a 5 year fixed, would it be worth it doing the same again 4.04%.
-
Mortgage advice needed please 🙂
Good morning, I have a fairly good credit score as I'm 39+2 and since may 2023 I changed career and became a car transporter driver currently before tax I'm on around £48k a year. I live with my fiancée and two children she earns £14k working school hours as a cook. And not sure if we just scrape it or what but sometimes…
-
Red flag? Mortgage broker trying to rush us into committing before potential BoE interest rate cut
My husband and I are currently arranging tracker mortgages to fill a short term cash flow issue due to money currently being locked away in bonds until the next financial year. Long story short, we need to buy our new home before we sell our existing, which we own outright. Our house is likely to realise a like for like…
-
Equitable Charge
I'm hoping someone can help point me in the right direction. I've been coming to a dead end with every attempt for 5 years.When my now ex wife and I separated 5 years ago we applied to remortgage to pay some equity and have her name removed from the mortgage (at considerable cost for solicitors). We received notification…
-
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…
-
Mortgage Advice - Lump Sum
My mortgage is due to renew in a few months and looking for advice. We were on a low interest rate previously and 4 years ago took out a re-mortgage with £40k extra for renovation works to the property (wish now I’d never done that, mortgage broker suggested it to us), so that brought our outstanding balance / length of…
-
Releasing cash/equity after house value increase
Hi all, Below is a hypothetical (but also realistic) situation: £320k house purchased £32k deposit + £288k mortgage (4.5% over 28 years =circa £1500/month) In 5 years, having overpaid on the mortgage by around £200-£250/month) and the value having increased by 20%… £384k estimated house value £141k estimated equity (£32k…
-
REMOVED BY USER
REMOVED BY USER
-
Looking for mortgage broker advice – Forces Help to Buy + past IVA (fully paid off)
Hi all, We’re looking for advice (and possibly broker recommendations) for a fairly niche mortgage situation. My partner had an IVA, which was fully paid off early, but it remains on their credit file until the full 6-year mark – which will be January 2026. We had originally planned to wait until after it disappears before…
-
Equity Release?
I owe £60,000 on an interest-only mortgage that needs to be settled next year. My husband died three years ago & he couldn't get life insurance!Do I go for equity release or a repayment mortgage? I will be coming into a considerable inheritance & would pay anything loaned back straight away. I'm 63, work part-time & also…
