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Mortgage interest error - Help Please!
Any mtg advisors around? 20 years ago, we had a further advance and converted (or so we thought) the previous Interest Only portion of the original mtg to Repayment. We subsequently realised that the BSoc hadn’t actually changed it all to Repayment, they still mentioned an IO portion. We made a complaint, which was upheld…
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Equity Release on rented out property?
Hi, advice/experiences needed… I'm looking to rent out my house so I can rent a smaller property a different area of the country, basically so I can 'test' the ground before ultimately selling up and moving, hopefully in a couple of years or so. I'm aware of all the costs/pitfalls involved in being a landlord etc. I am 61…
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Skipton Track Record decline
hi My husband and I asked our broker to try and get an agreement in principal for a Skipton Track Record mortgage. It was declined… with no specific reason. Some information about us: we live in Scotland We have an annual income of £70k Personal loan (taken for a car purchase) £212 monthly and £11k to pay Credit card debt…
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Ftb advice needed
Been given a Aip by nationwide currently on track to have a 5% deposit by April due to Lisa bonus and saving. If we look at houses now and find one we like can we make an offer or do we need to wait until we have the full deposit?? Because obviously that won't be until just into April. And we are very keen to get the ball…
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Profit from First Mortgage to Second Mortgage
I've been in a mortgage for nearly nine years now, and I feel like - after all that time and building up all that equity - it won't even make a difference in the end. Maybe I'm being naive, but surely if the value of homes have rised alongside the value of mine, it'll all be relative when I do eventually move. And that's…
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Buying new home before selling current one
I am currently living in a mortgaged house with about £100k outstanding. The fixed period come to an end in July where it then will move to the SVR of 7% vs. 1.8% that it's currently on. We've put in an offer on a place that we intent to buy outright. We did this to secure the property and avoid being in chain. The…
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Aviva Lifetime Mortgage - repayment deadline
Hi - has anyone had any experience with an Aviva Lifetime Mortgage? I have recently found out that my parents took one out and Aviva are saying that as they have moved into a care home I now have six months to pay this back. Everywhere I read says twelve months…..I have asked for a copy of the original agreement they…
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Cheapest mortgage fixes drop to 3.5% – brokers answer if you should you lock in now or wait?
Major lenders including HSBC, Nationwide and Halifax have kicked off the new year by reducing rates on their fixed mortgage deals to as low as 3.5%. It's good news for the 1.8 million people with existing fixes due to end in 2026. But where will rates go from here – and should you fix your mortgage now or wait? Read the…
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Barclays Mortgage Dilemma
Hello, I am looking for advice on my current mortgage. Preferably towards paying it off early. I have a fixed rate mortgage with Barclays that is due to expire in November this year. My current interest rate is 2.29% and it then changes to BEBR +3.49%. I owe 128,000 and have 9 years and 11 months left. My current payment…
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mortgage - IVA and DRO
Hi I have a IVA and a DRO on my credit file, my IVA completed two months after it was set up on18th of August 2023 and completion date: 30/10/2023. DRO was set up on the 24/04/2024 - 18/10/2024 but my DRO was revoked that's what it says on my file. Would I be able to get a mortgage next year with having these on my credit…
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Santander Mortgage Offer Extension - confused
Evening all, On Tuesday, our broker requested an extension to our mortgage offer with Santander as our new build will not be ready in time (shocker!) On Wednesday, the app said that it was with the Underwriters dated 28th January. We’ve just had a notification that Underwriting is completed but the date of completion has…
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Nationwide mortgage
Hi I have seen recently on a number of posts that Nationwide haven't asked for supporting documents with applications. Does anyone know the reason for this and is there criteria for this? Preparing for reapplication due to current offer expiring and wondering if need to prepare supporting evidence such as payslips, bank…
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Declined by nationwide?
My partner and I have used a mortgage broker to apply for a mortgage, we had a decision in principle given to us by nationwide which covered the value of the property. We are first time buyers and have made an offer of 343,500 on a house with a 95% LTV ratio which means we are giving a £17,175 deposit. Our Experian credit…
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Mortgage Special Rates
Hi all, Just had my mortgage statement through and to be honest, im frustrated! I had a fixed deal term with Virgin thats coming to an end. Im paying around £900 a month but for the fixed period, the actual amount that is coming off my mortgage amount is only around £400, that means that £500 is going to interest costs??…
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re-mortgaging soon, never paid HTB what are the best options?
Hi, we are coming up to having our mortgage for 10 years. We were very late realising that paying the HTB straight away was the cheaper option, by which time, when we re-mortgaged at 5 years, we decided to just carry on paying the interest and it kinda got forgotten about. Now that we are going to be re-mortaging again…
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Remortgage deals - Fee or No Fee
my current fixed rate deal comes to an end in April. I want to stay with my current Lender Birmingham Midshires, I have ask a broker to compare rates, however I don't feel fully informed about the rates and fees. Choices as I see are… 2 yrs fixed @ 3.07% with 3% fee (Payments £342 pm) 5 yrs fixed @ 3.86% with 3% fee…
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Difficulties switching to interest only morgage after income reduction
We took mortgage out in 2021 as a Contractor mortgage. After the pandemic the contactor market took a hit and it was difficult to land contracts, and in particular the industry I am in has seen a significant decline. As such, over the past 4 years I have landed and lost 3 contracts through no fault of my own. Each time I…
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Mortgage application & existing debt
Hi everyone just after some advice and guidance. So I’ve been in debt since about 2021… I have a long history of loans often used to consolidate each other and other pockets of debt we managed to get during this period . (9 loans in the last 6 years) all of these were paid on time with no missed payments and my credit…
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Which mortgage broker?
Hi I have recently sold a flat and am temporarily renting whilst searching for a new property. This is taking some time - I had an offer on a ground floor leasehold flat but turned out it had no EWS1 and the broker (L&C) said I was turned down on that basis. However I am 58 and so can only borrow for max of 17 years. I…
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Mortgage offer but have since changed address - process
Applied and accepted for a mortgage with nationwide in July however the house sale fell through and we are now considering a new property. The new property is less which would reduce amount borrowed by £50000. The current mortgage is due to expire end of February so my question was can this mortgage offer be moved to the…
