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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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Struggling to get a mortgage in principle with USD company earnings
Hello. I am currently looking to get a mortgage in principle; however, my mortgage advisor has said that my choices will be extremely limited because my company is paid in USD. My company is paid in USD ($150,000-$200,000 monthly + £15-25,000 from other clients) on a monthly basis, and I pay myself £10,000 a month on PAYE…
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Should I use EA solicitor?
Due to agree on a purchase on Monday. Broker (independent and DIP) in place just need to choose my solicitor have had a few quotes from just under £2k to around £2.5k. I contacted a decent sized firms branch local to me for a quote and then received one from another branch of the same firm through the estate agent. This…
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Getting a mortgage on a pension
So I have 75 k savings and a low pension income supplemented by self employed earnings. I am wondering if it would be possible to parlay that into buying a 95k flat. I'm 67 - am I dreaming?
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Letter Issued to the Wrong Address
This is on behalf of someone else, I've suggested that they should refer this to FOS A landlord recently paid off their mortgage. There was an issue with the final payment, which prompted a complaint to the bank. The bank didn't respond at first. The tenant then contacted the landlord, saying they had "accidentally" opened…
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Should we buy a property for my student son in his final year of uni
We are considering buying a flat/house in Manchester for or with my son when he enters his final year of study. He would pay us rent, along with a house share friend who is employed. My son has a LISA which he would like to use as his deposit (or part of). He intends to remain in Manchester either as a post-grad or in…
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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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Mortgage deal turnaround times
Hi there, I have a BTL mortgage for which the last product lapsed on 1st December and moved to standard variable rate. I allowed this to happen to enable a large overpayment, which I have since done. I applied for a new product with same provider so no valuation, solicitor issues to worry about. I have until 18th December…
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Kensington
My broker got us a DIP from Kensington last month. We have now agreed a purchase and send him all our documents today (ID, 6 months wages, 6 months bank statements etc) from looking online we fit the criteria for the Select products. Just wondering if a DIP usually leads into a full offer or are they known for declines?…
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Skipton 100% mortgage credit check
Hello, We have a mortgage offer from Skipton on their 100% LTV mortagges. We are awaiting an exchange and completion date currently and expecting this in January. During the process of the offer we gave our current outstanding balances for our credit cards and highlighted those that will be paid off in full prior to…
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end of term/renewal overpayment (nationwide)
So, i'm coming to the end of my 2 year fix with Nationwide in March and its only now i can start planning the next term since they only allow renewal from 4 months before the end date. What I'd like to do is make a single lump payment when I do my renewal to take me under the 60% LTV threshold. To do that I need to pay…
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Avoiding reposession
I have a joint interest only mortgage which ends at the end of March. I live in the property with my grown up daughter. My husband lives in France. A couple of years ago I tried to get a divorce but he wouldn't engage with me or any correspondence from solicitors and I then heard he had tried to take his own life, so I…
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Best way to maximise inheritance please!
We are fortunate to be shortly getting £100,000 inheritance from my mum (though I'd much rather still have her around). The Estate is not yet finalised, this is an interim payment, we may get an additional £30,000 or so when everything is completed. We are currently mortgage free having lived in our house for 25 years, but…
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Moved: Please allow us a reasonable time ?
This discussion has been moved.
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Bad credit rating for not returning a router
Can anyone offer advice please? My step child has been saving for a deposit on a house and working hard. They have just applied for a mortgage though and discovered that he has a bad rating. They had an Internet agreement which they had to leave early and so paid off the requested amount but in the chaos of moving etc…
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To move to Barclays or to stay with Halifax
My current deal is ending on April 2026. My advisor called me today and he was able to get me a new deal from Barclays, rate is 4.06% no product fee. But the thing is this is going to be a new application since we will be moving from Halifax to Barclays. I wasn't able to get the new rates that Halifax is offering since…
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Credit card and mortgage application
Hi was hoping someone could help me out! I’m looking to begin the progress of applying for a mortgage/buying a home in the next couple of months. I applied for a credit card two weeks ago because I thought you would need one (credit wise) to buy, but realise now that’s not necessary. Before I’m approved/denied the credit…
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When could we apply, and with who?
We are looking to move next year, and when we start the process might depend on two things. When we could get a MIP (is that what they're called? - we last applied for a mortgage over 20 years ago!) and whether we decide to wait for a new build coming on to the market later next year. In early January 2026 my full state…
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Securitization
My mortgage with kensington was a part of securitization) then it was sold to pepper engage credit i have only heard today about something to fo woth securitization but i am confused kensington confirmed to me that my mortgage was securitized in 2021 but sold to pepper engage credit what does this c,laim mean and how do…
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Paying some off mortgage
We are with First Direct on a fix at 3.08% til January 2028 when we should be in a position to pay off the remaining mortgage (circa £120k). We are saving hard to do this and we both now have the £20k each in a cash ISA at just under 5% we opened July this year and around £5k sitting in our joint account which will be…
