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Lifetime Mortgage
Hello! We are considering a Lifetime Mortgage. We have a lovely house in a city which is highly unlikely to ever see significant price drops, but stupidly, due to earnings (low!) we have an IO mortgage. I'm 61 and my husband is 68 and retired and we are worrying about how to manage when I retire - also I want to retire or…
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Mortgage for extension
We've decided to stay out and look to possibly do an extension so have applied to borrow more against the house. We've submitted our application and documents however the bank have asked for planning permission/plans and builders quote however we have yet to get an architect and draw up plans or apply for planning as we…
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What is my entitlement or percentage
Hello all I have just found out by receiving a letter from mortgage company...that my ex partner has passed away very sad way of finding out her death and apparently she died a few months ago as we had been seperated for 12 years so ill try to keep to the point here the mortgage was taken out in 2003 between the 2 of us so…
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Bank of England meet next Thursday
Bank of England meet next Thursday.The market expects the UK base interest rate to be cut from 4.25% to 4% next week. My mortgage fix term runs out on 31/8. Maybe someone here knows when banks would apply rate changes after the announcement? Ive read somewhere that it happens on the 1st of the following month. Would this…
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Lenders you can remortgage with, within 6 months of owning the property
My daughter , First time buyer won a house at Auction .We have lent her some the money so requires to eventually get a mortgage to pay us back.We've read most lenders require you to of owned the property for 6 months plus before they will lend??Ive read Santander will lend before the 6 months but not confirmed this . Are…
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Buying property from ex
Joint owners, 3 children together. Not married. I remained in the property with our children and have paid all the mortgage for the last 12 months as he said he couldn’t pay it. He hasn’t paid a penny in child maintenance either and I have now contacted CSA. He is bullying me into putting the house up for sale I have said…
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New mortgage fix duration
Buying a new house as a first time buyer, and I'm hesitating between a 2-year and 5-year fix. The rate for 2 fix is 3.69% and for 5 fix I could get it for 3.84%. The question is, how should I read the current rates given the bank of England rate of 4.25%. Given the banks need to make some profit, does it mean they assume…
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Synectic Solution Refer market by Nationwide
Hi, I applied for a mortgage with Nationwide through a broker but my application was declined without any reason. Following the rejection from Nationwide, I applied with Halifax and Halifax also declined my application. My mortgage advisor advised me to get DSAR from the following frauds prevention databases, CIFAS,…
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Joint mortgage and separation - ex has stopped paying
I am currently separated from my husband and we have a joint mortgage. I am in the property with our toddler, he’s somewhere else (wont tell me where) He was giving me 60% towards it but it’s all got nasty after I wouldn’t let him have a phonecall with our son because he’d just told me he’d cheated on me and I needed some…
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Cancel current term or wait till 2026
Hi All i am on a 3 year term at 4.15% via Nationwide started in Dec 2023. i keep seeing deals at 3.15% or lower now and makes me anxious thinking the numbers will only spike up before my renewal. Apparently can renew only up to 4 month in advance meaning round August 2026 Anybody here on same boat? whats ur suggestion…
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New Mortgage for Home Improvements
Hi, all I paid off my mortgage a couple of years ago - but now I need about 40k towards putting to home improvements (extension and new kitchen). I was looking at a personal loan but I just hate the monthly payments (too high) - so I thought I will take a mortgage out with my current bank (HSBC - which has a top mortgage…
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Commercial or residential mortgage? HELP
Hi all. We are trying to buy a country property that consists of a house with a garden and behind that some land that’s run as a business. The house has a covenant on it saying it’s only to be lived in by the people running the business. Does this make it a residential or commercial? We have been trying both but being…
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Product Transfer Halifax
Hi Guys, Newbie here looking for some advice Our current fixed rate of 5 years is due to end 31st December 2025 We are looking to fix again for 2 years but due to a lot of changes that have happened recently, we have decided to do a product transfer and stay with Halifax I have recently started a new job, and only here…
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Mortgage application with zero credit card balance
Hi Trying to find answers to the below Me and my partner have a AIP when applying I didn't declare credit card balance as it was at zero however that credit card is also not showing on my credit file when applying for the mortgage will this likely affect the mortgage process the AIP is with West brom the house we have had…
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help to buy mortgage buy out
My partner wants to buy me out of our mortgage as we have separated, however we have a help 2 buy mortgage. She wants me to pay off my share of the H2B equity loan even though she intends to stay in or rent the house out. I think this is unreasonable as she will still have the benefit of the H2B loan. Surely she should be…
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2nd home in cash, mortgage remains on primary residence. What are the implications?
Good morning! I am in the UK. I own my primary residence with a mortgage of £100,000. I plan to buy a second home in cash, with no mortgage. When my 5 year fixed rate mortgage deal ends on my primary residence, am I forced to get a 'second home' mortgage for it because I have 2 houses, or I can keep getting a 'normal'…
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Remortgaging (very) early in first term
Due to an potential forthcoming change in circumstances, I'm thinking that we might remortgage our 5 year fix with 26 months to go, (20 months if you consider I'd usually have start the remortgage 6 months early). I want to lock in a 10 year fix from now, which gives me a very long runway. Potential early repayment fees…
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Leasehold surprise bill for invoice from 2022!
To my shock, residents and i received an invoice for circa £350 for additional costs incurred from 2022-2023 a week ago out of the blue. Being aware of the 18 month rule (section 20b of the landlords and tenants act) and having no prior warning for this, are we legally obliged to pay? Not to mention the company sending out…
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Mortgages
Hi all, Can anyone recommend amortgage broker please especially one that think a little outside the box ideally. Thanks, Louise
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United Trust Bank
Does anyone have any experience with UTB for mortgages? I’m just wondering how forgiving they are with sub-prime applicants and what kind of rates they are likely to offer, if anyone has been made an offer through them. I appreciate this depends on individual circumstances but a rough idea would be good. They have been…
