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New mortgage application vs extend previous offer
Hello all, hope you are well. We are FTBs. Completion data estimated by the builder is 31st July. The whole process started from October last year. We went with the mortgage adviser recommended by the builder and have had only 2 options suggested by the adviser and had to pick one. Thankfully the lender offered it. We have…
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Parents Equity release
My Mother lost her partner 3 years ago, they took out a fixed rate lifetime mortgage with Aviva in 2005, we have discovered that her £30000 equity release has now got a balance of £91000 and is increasing at the rate of 6% a year. This is unbelievable and a scandal in my opinion, she says she had no idea it would be this…
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Stamp duty confusion
Hi all, wondering if someone can help with stamp duty confusion. I have my own house and mortgage (worth £185,500) which I intend on renting out temporarily (I have applied for consent to let). I am going to move in with my partner and contribute to his mortgage (half). We have passed affordability checks and I am…
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best deposit / loan to value to secure lowest interest rate?
what is typically the optimal deposit to put down to get the lowest mortgage rate? I'm flexible in what I can afford and would like to put down the minimum deposit that secures the lowest rate. I don't want to increase my deposit beyond the point at which it gives no benefit to the rate. Thanks for any feedback
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Private mortgage
I want to lend someone ( my partner ) around £50,000 secured on his mortgage free house ( value £500k) No interest charged and only payable from his estate when he dies. I have several properties myself and we dont live together as I like my own space, and I dont want to pay the additional stamp duty to "buy in" a share of…
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HSBC mortgage confused
Hello, i'm an HSBC customer with a mortgage with them. I can't figure out on their wesite if i'm classed as an existing customer or home mover because the fixed rate is slightly different for both mortgages i'm looking at. I'm selling my place, buying another and taking out a new mortage with HSBC, am i eligible for the 5…
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A Shade Greener Leased Solar Panels
Hello all, Just wanting some advice please. Currently buying a house with solar panels which were installed by A Shade Greener. The seller states she doesn't pay anything for them and she's had them 10 years and has 15 years left of the lease. She says her bills are dramatically reduced, and what ever energy is left is…
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Gifted Deposit Vs Genuine Bargain Price
Hi everyone, It was suggested I post on here as there are some brokers on this board. There is trouble that I am having where my solicitor wants me to use a Genuine Bargain Price Application, but my broker is adamant that I should use a Gifted Deposit application. And this has been going on for two months with neither side…
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Remortgage alone - is it realistic?
Hi all, currently divorcing. Have a joint mortgage and outstanding balance is £228, house value £290. Husband agreed to sign house and current equity across for me and children to stay. Stupidly I applied for a transfer of equity based on the current mortgage term/deal in view of extended the mortgage term from the current…
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Refinance loan before mortgage to improve affordability? Or complete madness?
In the next 2-3 months we're looking to purchase our first home. We've been through our finances with a fine toothed comb, have a deposit saved for 90% LTV and credit-wise we're ship shape: no missed payments, CCJs, etc. We've paid off a credit card and just have a loan outstanding which we took out early last year to buy…
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How long do I wait to make a mortgage application if I've just got a new CC?
Hey, I wanted to start a mortgage application. Have 95k saved deposit, earn 56k, no student loan, pay off all CC debt in full every month so no missed payments, first time buyer and it's a single application. My slight issue is that I decided to get a new credit card with Amex as it was giving me a good initial limit of…
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Do Offset/Flexible/Current Account Mortges no longer exist?
Where the rates are comparible to standard mortgages and allow either a savings account to negate the interest so you can withdraw when you want, or similar by overpayments and underpayments/withdraw money as and when you want up to your limit.
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ap1 form box 4 and 14
hello, I need a bit of help completing the Ap1 form that i am completing on behalf of my wife. Her mother died quite a long time ago and we have been putting off doing the forms because of how difficult they are to complete. Her mother was the sole owner of a flat with no morgage, My wife and her brother have jointly…
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Temporary switch from capital repayment to interest only (selling house and relocate abroad)
Hi everyone, I hope if anyone can help me or provide some insights/advice? I have received an offer from my old boss and I'm moving to Dubai for work. Hence i'm selling my house in London. The house selling process is not really great at the moment. Lack of viewing and no one put an offer yet so I'm starting to get a…
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Closing and opening utility accounts - impact on applying for mortgage
Hi all, After a separation, I am faced with having to rent as short term as possible while trying to arrange a new mortgage. This will involve: * Closing utility accounts on the property I am leaving (or just taking my name off as ex is remaining - not sure if that counts as closing the account?). * Leaving a mortgage on…
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Is it a bad idea to apply for a new credit card three weeks before we have to remortgage?
Our current mortgage deal runs out at the end of this month (29th) and my current 0% deal on my credit card runs out in two days (7th). My credit score (as accurate as they are) is 999 on Experian so that shouldn't be a problem, and because I have some options available to do a balance transfer to another 0% deal credit…
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Possible to have a Deed of Trust showing different shares of the mortgage principle?
Hi, My partner and I are due to remortgage and will be doing some big renovations around the same time. We're tenants in common with 50:50 mortgage payments and 50:50 equity, covered by a Deed of Trust. We want to keep the same equity split for the foreseeable future (perhaps but maybe not changing on marrying/having…
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Going to apply for a mortgage in the next two years should I switch current accounts
Hi, Looking for some advice please I'm going to apply for a mortgage in the next two years. On my current account there is some gambling transactions but I've stopped that now for a while. However I think there would be a possibility through OpenBanking down the line when I apply for a mortgage these would flag up but…
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Aldermore Mortgage Application Timescales
Just wondering if anyone’s recently applied through Aldermore for a residential mortgage and what your timescales looked like? We’ve just had our valuation done yesterday, not heard back yet and not had any hard searches added yet either. They seem to have done our valuation first by the looks of it before underwriting of…
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Aldermore mortgages
Hello. I am feeling anxious, and answered how likely our Aldermore application is to be accepted. DIP approved, full application sent next day Three days later call from Aldermore to broker saying how much they can lend and rate. Agreed some debts paid off and a slightly higher borrowing amount and back in three day wait.…
