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Overpay Interest or Capital and Repayment
Hi, I am sorry if this has been asked before, but I want to over pay my mortgage. It is made up of 2 parts, one part interest only and the other capital and repayment, both due to end in 15 years. Does it make more financial sense to overpay the interest only or capital and repayment part? Thanks in advance.
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Govt help to buy loan. In current climate should I pay it off?
Hi all. Was dead set on repaying it this yr and somebody just made a very gd point that I should rethink n weigh up the interest on it Vs paying off and house prices. He doesn't believe I should and rather pay the mortgage down asuch as I can for now as that's higher Vs property price increase and the loan interest. More I…
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Low-LTV (£125-150 k) mortgage with 75-y-o parent – lender options?
Key facts * Purchase price: £625 k * Equity from sale: ≈ £567 k * Loan needed: £100-150 k (≈ 20-24 % LTV) * Refurb budget: up to £60 k (kept from equity) Applicant 1 (me) * Age 41, trainee surveyor (RICS) * Salary down to £28 k from £90k as retraining → rising to ~£50 k in Aug 2026 when I qualify * Clean credit (never had…
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Joint or Solo Mortgage?
Hi all, My husband and I are in the process of buying our first home together and are weighing up whether to apply for a mortgage jointly or in just one of our names. I'll be selling my flat and using the proceeds as our deposit. Although the funds are from the sale of my property, we're treating it as a joint purchase.…
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maintaining a token balance
It used to be recommended to maintain a token mortgage balance as a protection against fraudsters claiming your home, and also as a way to keep the deeds safe without incurring storage fee from your bank. Is there a protection still in asking the mortgage lender to retain a token balance?
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How do I calculate the HSBC tracker vs fixed rate saving?
HSBC Remortgage - want to move in around a couple of years....want to stay with same lender, they seem to always be the best with rates and exit fees anyway... £185k : 30 Year Term commencing 1st July HSBC 2 Yr Tracker 4.49% £999 HSBC 2 Yr Fix 4.04% £999 I anticipate BOE rate to drop say in August, so tracker will be 4.24%…
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Mortgage Rates Natwest
Hi My mortgage ends in 4 months time and I have been offered the below 6 options by NatWest who my mortgage is with at present. Currently have a balance of £126357 with 29 years and 1 month left and 60% ltv. 1. 2 year fixed at 4.32%. No fees 2. 2 year fixed at 3.93%. £995 fee 3. 2 year tracker at 4.97%. No fees 4. 2 year…
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Best way to overpay these two mortgages - advice please!
Hoping someone with a better brain for this can give some advice... I am in a fairly fortunate position and trying to work out the best way to do all of this... Hoping this is the right place for this. Have mortgage 1, 160k on 2.48% fixed for 10 years from Nov 2022, ends Oct 2032. 25 yr term. Current balance 125k including…
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Accord mortgages following payday loans
Hi, wondering if anyone has any experience of an Accord mortgage following payday loans. These were paid off 4-5 years ago and other wise my credit file is absolutely fine. However we only have a 5% deposit. The first stage was approved (AIP) and now we are very nervously waiting for the underwriting. I’d love to hear some…
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AIP to Mortgage offer
Hi, sorry for what might seem a stupid question. But whats the difference between submitting an AIP and a formal mortgage offer? I have an AIP with Accord, slight historic adverse. My Mortgage broker has been provided with all documents thus far thats been requested such as pay slips, credit files, bank statement (that my…
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Hard search done , is this a good sign?
Hi everyone I applied for a mortgage on Thursday the 25th and a hard search was done on that day , a valuation was done in person yesterday , I’m just wondering if since the hard search has already been done and we haven’t heard anything bad from that , and they carried out a valuation the next day , is that a good sign ?…
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End of mortgage term last year (August 2024) but bank didn't contact me before now - can't pay total
Hi My interest only mortgage term ended in August last year (2024) and the bank didn't contact me until now. They didn't contact me before that. I've been in arrears for several years and in an arrangement to pay these off plus my monthly instalments. I went into arrears due to ill health and being unable to work since end…
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what is occupiers consent form?
Hello, I am in the process of buying a flat. Today my solicitor emailed me saying that"I have also requested an Occupiers Consent Form from Halifax which I will need send to you in order for the occupier to sign." I know the general process of house buying and mortgage. But I am not sure what is occupiers consent form and…
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Repaying Help to Buy Equity Loan- What proof do I need
Hello, Will I need to get a solicitor, provide months of bank statements, show my job contract etc like I did when I bought my HTB property? I saved up (no holidays, kept same car etc) to repay the full amount, and was 'just' hoping to transfer the money to the HTB agent, but have seen I need to get RICS valuation etc. I…
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Could my sister buy my partner out of our mortgage?
My partner and I bought a flat together as tenants in common in 2023, each putting in an equal part of the (very large) deposit and covering half the mortgage payments. We're now facing a potential split and I'm trying to get a handle on how we could realistically deal with the flat - grateful for any advice. I can't…
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Remortgage question
Hi all , my mortgage broker has sent me this I don’t have a EPC. Can get one for £59 is it worth it or not. Also is it better to go for a cashback offer or not? Thank you
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Mortgage For First Time Buyer at 62
Hi is it possible?. I am self employed . Have been all my life doing the same job . I earn about 100k a year with my wife who is also self employed. I get 20k a year in royalties, We have a son who is disabled and he gets about 15k a year. I have 100k in cash. Would I be able to get a mortgage ? many thanks tedfud
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RBS Can't Explain Why Mortgage Interest Rate Has Reduced By 0.25% But DD Has Gone UP?
Ok so this is the second time this has happened since our mortgage was moved from The One Account to RBS. We get a letter telling us that the mortgage interest rate has gone DOWN by 0.25% but the DD is being amended so that we pay £22 a month MORE. Each time we call up the staff on the phone blame it on "timing…
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Mortgage renewal whilst on a working holiday visa overseas
I'd appreciate your help and thoughts. DD's mortgage (not buy to let, but permission to let) deal is coming to an end (next few days) and she's overseas on a working holiday visa (in Australia) and not due to come back until October this year. She has a tenant in the property, all done correctly, with deposit in DPS and a…
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Separation agreement - remortgage
Hello, Do I need a separation agreement to do transfer of equity? Can I do transfer of equity with no remortgage? I must payout my partner from joint mortgage.
