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Remortgage - self employed
Both myself and my wife have left the education sector after twenty years. My wife in 2022, me on 31/8 this year. Our 5 year fixed-rate is coming to an end in February 2026. As I have no proof of current income, I am assuming remaining with our current lender is the only option. I would just like to know if that’s how it…
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What's the equivalent of foreclosure in the UK?
Was watching a lot of stuff about the 2008 housing crash recently and I find it all quite interesting. It kinda passed me by at the time I was in my 20s and also didn't own a home or anything and basically I wasn't interested :-). Is the jist of a foreclosure simply that the lender gets the house back, sells it, then takes…
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will cooperative check I'm still employed for new fixed deal with them
I have a mortgage with Cooperative which is coming to an end soon. I have recently gone self employed. I am booked in for a mortgage advice appointment with them to look at the rates available to me. They have sent me a Pre-appointment Mortgage Questionnaire and it asks about my employment. Will they check if I say i am…
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Mortgage got 31 months left but need new rate.
So my mortgage has only just over 3 and half years left til its paid. But my current deal ends in 6 months. Is it worth remortgaging or should I just fix with current provider? But if I fix with current, their offers are for 2 year or 3 year, so how would that work?
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Discharge standard security Scotland
So I've paid off my mortgage. Confetti rains down ! The problem I've got now is to create an application to discharge the standard security from the lender with Registers of Scotland. I've asked the lender to send a letter of discharge saying we've paid off the mortgage but they have said no. I don't want to waste money on…
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Regular Mortgage overpayments - Do I have the logic right or wrong?
Going to over-pay to reduce the term of our mortgage – but how and when? That is our question/puzzle. Heres our deal/position M47, F41 1 child (F8) House ‘value’ 300K Mortgage 108K, 17 years fixed @ 3.28% (Monthly repayments £658) Current balance 94K, 15 years fixed @ 3.28% so paid-off at M62, F56 Child F18 A few years…
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Negative equity and debt concerns
Hello, I have a small rental property in Bradford which, in around 5 years time, looks likely to be reaching the end of its mortgage term around 50-60k less than the value of the mortgage. It's only a small studio which was sold to me off plan and I naively dived in as it was sold to me as a cheap deal (100k) in an area…
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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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fix coming to an end - do I stay or do I go?
Hi all, My 5 year fix is coming to end with HSBC and the rates they are offering are around 4.19% with no fee but, after looking at the MSE comparison, there are several places that can beat that with the best rate being 4.08% with no fee (or practically no fee -- it says its £35).. My question is would HSBC match that to…
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Building Society prematurely ending mortgage
I have a discounted offset mortgage that is due to end in 2031. Our savings almost match our mortgage, but we want to keep that pot for easy access, should it be needed. Last month, we received a letter from our building society telling us that they were withdrawing that product and would switch us to an SVR mortgage with…
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Help picking mortgage fee or no fee
Hello, I’m struggling to compare these two mortgages. I have 164k remaining and wanted a 2 year fix as likely to move in the second year. I can get 3.85% with a £995 fee or 4.19 with no fee. Which would be the best choice considering will have to add the fee to the mortgage. After two years would want to have cleared the…
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Mortguage Whilst in DMP
Is it possible to get a mrotguage whilst in a DMP? Debts are over y6 years old and not on credit file. If I decided to manage the creditors myself, and leave PayPlan Technically would no long be in a DMP, but still paying the low amount each month to keep court action away. But would any lenders ask about any debt…
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Moving abroad - existing mortgage
I have a residential mortgage with Santander with consent to let as the house is rented out. The consent to let runs until my fixed term ends in summer 2027. I am considering moving to Spain via my current employer for 2026. I’m not sure how long for but I would become a Spanish tax resident. Would that mean I wouldn’t be…
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Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
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Nationwide DIP - Likely to change much when bills taken into account?
We are early stages and looking to sell our flat and move into a small house, we have a DIP in place, and entered all the usual questions they ask. They did not touch on the cost of council tax, electricity, food shopping ect. We cannot get a mortgage appointment online until we have a buyer and have found a new home -…
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Can I use my LISA to buy into my partners home?
Posting on here because I haven't been able to find an answer elsewhere. I started a LISA quite a few years ago now which is now a fairly sizeable amount of money. In the last few years, I have met my partner who already owns a home, I have moved in, and I'm no longer looking to buy my own place right now. When we do move,…
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Unregulated pre 2004 current mortgage
We currently have a mortgage taken out in March 2004. Recently we tried to go to the financial services compensation scheme about it being miss sold by the broker. They could not help us as the mortgage was pre regulation. We complained to the Financial Ombudsman and it is outside of their jurisdiction they cannot help.…
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Sprive App?
I’ve seen a lot of buzz around Sprive at the moment from people using it to overpay their mortgages. Has anyone used it before and is it worth doing? (Not looking for referral links, just reviews and info from people who know more about it than I do). Thanks in advance!
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Am I expecting too much from broker? Mortgage application with Aldermore
Applied for a mortgage with Aldermore via a broker on 18th September. Documents submitted, valuation carried out, latest bank statements requested 3rd October. Was told we could expect and update or an offer on Monday 13th October but we didn't hear anything from the broker. I called yesterday to be told they don't have an…
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Self employed small income and mortgages.
I’m 33 and have been a self employed gardener for around seven years. I currently live at home still with my father after a number of personal problems in our family I stayed at the family home. I earn around on average 12k per year from my gardening business which has been fine for me up until now. I love my job and am…
