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Remortgage or renew
Our current mortgage has about 65k left on a 275k house. Current rate is 2.04% and is due to end in October. Starting to think about getting ready for when it ends. I wonder whether you think it would be best to remortgage to a new lender or to renew our current mortgage (haven’t looked into it as yet with rates etc. so…
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Mortgage free or more space dilemma
We’re currently mortgage-free but considering moving to a bigger house as our current home is getting too small for our growing children (1&3). To do this, we’d need to borrow £275,000 over 35 years. This mortgage payment would work out at £1235 a month. Once the mortgage and all bills/food are paid, we’d have around…
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Experience with HSBC and LMS while remortgaging
Hi everyone, My partner and I are trying to remortgage with HSBC and we went for the free legal service because our case is a very straightforward case that could be completed quite fast. I believe HSBC instructs LMS who then assigns a conveyancer to your case, but our conveyancer turned out not to have digital deed…
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Edit: sorted now
Edit: sorted now
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Buy to let
I currently have 2 properties. One mortgage free which I bought recently and I paid the Additional Dwelling Supplement of £7000. I have £70000 left on the mortgage to my other house, which i want to transfer to a buy to let mortgage and rent out. Is there anyway I can transfer one to a PLC company name so I can keep the 2…
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Mortgage dilemma - move mortgage to new residential property?
I am currently living in an apartment that I purchased for £322,500 - it is worth similar or a bit less now, and I have a £220,000 offset mortgage left on it which is out of fixed term (so I can change it at any time) and is pretty much fully offset with savings. I have recently inherited a house in full, worth approx…
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Bank of England holds base rate at 4.5% – here's why and when it might be cut next
The Bank of England has held the base rate at 4.5%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings. Read the full story here: If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Mortgage overpayment options at end of fixed deal
Hello, I'd like some clarity, ideas on mortgage overpayment based on our situation below. My partner has a mortgage on a property he owns 50% of via shared ownership. His 5 year deal is coming to an end at the end of October this year. He owes about £125,000 now, and he's in year 4 of a 35 year loan. He wants to overpay a…
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Interest Only Morgage - Was it missold to my 75 year old farther
Hi, I am a newbie here so i hope i am following the correct protocol! I beleive my farther was missold his Interest only morgage by the bank, he was 75 when the bank sold him the morgage. My farther passed away at the end of 2022 and we have now discovered this now as myself and my sister as his benificiaries are liable to…
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Is it normal to be charged by two mortgage brokers in this situation?
Hi everyone, We recently applied for a mortgage through broker A. After much effort everything else was fine except the valuation, so we were unable to get a mortgage offer due this issue. Broker A then found a product through broker B, and to save time, broker A arranged for B to liaise with us directly. Now that we have…
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Mortgage and borrow more money
Hello, me and my wife divorcing. She want stay in home and pay me out. We have joint mortgage so she also want to transfer of equity to our self. Mortgage what left is around 110 k and property value around 200 k. Her annual yearly income 28 k. She need to borrow 20 k to mortgage for pay me out. Is that possible for her?…
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Please can someone explain to me about Halifax overpayments
Hi, I just wondered if someone could explain if I am still benefiting if overpaying to Halifax when they just reduce my monthly payments? I assume the capital does go down? I can't remortgage for 10 years so wanted to make sure I am still doing the right thing? I've looked at the mse overpayment calculator but not sure if…
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Deed of variation for land management fees
Hi, the house that I am in the process of buying has a land management fee for the local green areas that all local residents are contracted to contribute to annually. There is a clause in the deeds that allows the management company to reclaim monies not paid from the property. As this is not something that mortgage…
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Stamp Duty Query
Hoping someone on here can help with this. My sister recently returned to the UK (she is a UK citizen). Although she did own a property overseas (now sold) she would now like to buy a property in England for the first time, is she classed as a first time buyer ?
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Part interest part repayment mortgage what are the chances of success
My current repayment fixed deal on my family home is coming to an end. I am considering attempting to get a part interest part repayment mortgage due to financial strains 3400 per month. We have not defaulted or have been in arrears during my mortgage but we find the monthly repayments unaffordable. Myself and my partners…
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Can our mortgage company keep us ‘trapped’ like this?
Very basic backstory, I got myself into a lot of debt & am currently dealing with DCA’s & defaults. So my credit rating is shot. Me & my husband were in the process of splitting due to this, but have now decided to give it another go. However we want to downsize our property & release equity to clear some debts in his name…
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Mortgage/repossession/declaration of trust
Before I write an essay..are there any posters with experience on the above?
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Mortgage Protection Clause - Freehold
Hi I need some advice. I am selling my shared ownership property at 100% to a buyer who will then own it in full as a freehold. Her mortgage company Nationwide is requesting a mortgage protection clause to be added to the lease. My solicitor has told them this isn’t required as there is no forfeiture clause in the transfer…
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Thoughts appreciated about a break up and mortgage scenario
Thoughts
appreciated about a break up and mortgage scenario Hello Looking for
thoughts about the following situation – I am not familiar with this thread so
forgive me if this has already been discussed of if this is not the correct thread. The
situation is a couple in a relationship (not married) bought a house 3 and a…
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Remortgage - electrical pylon on land
Hi we bought our lovely house 9 years ago and mortgaged with no problems. We are now needing to borrow more to do some work to the house and our mortgage provider has refused as it is now against their criteria to lend against houses with an electrical pylon on the land. Is anyone aware of lenders that are happy to lend…
