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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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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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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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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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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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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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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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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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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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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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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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Equity release
what happens when a man is forced to leave his home and move elsewhere due to equity release taking the property back
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Charge Notice on Property - Drydens Law
Hi All - I am new to this site - nice to meet you all. Not sure if I am in the right category, so apologies if not. Just looking for a bit of advice, if possible :smile: My son received a letter regarding a large charge notice on a house he inherited from his late father. His dad must have had a loan secured on it from…
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Want to move, but to avoid being in a chain I want to remortgage so I have the full cash available
I've tried looking online for this scenario, but only seem to come up with Buy to Let advice. I'm fortunate enough that I may be able to pay off our mortgage soon, but I also want to move house in the future. What I want in regards to moving, is rather than getting into a chain and all the chaos that comes with it, is to…
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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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Lump sum overpayment when refixing
My current mortgage deal is expiring at the end of the year. I have already maxed out my overpayment allowance. I have around 100k that I would like to pay off the mortgage before refixing. My current lender (natwest) has decent rates so will most likely stay with them. I wondered if anyone can advise on the process of…
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Equity Release
Hi all, could do with a bit of advice please. We’re looking into releasing some equity (poss £60k) from our house. I’m assuming a remortgage rather than equity release scheme would be best/cheaper? This is opposed to downsizing as we like where we live. What would be the best type of mortgage to get & how long should we…
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Mortgage for 74 year old on shared ownership house?
Morning helpful people! The subject line pretty well says it all. I'm 74, living in social housing which I hate with drug taking and loud bang bang music all day on one side and a car graveyard on the other side. I'm pretty tolerant and we get on fine but having had a clean bill of health at my annual check up the other…
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PCP vs loan
Hi, I have taken out a PCP for a car. I'm tempted to take out a loan to then cancel the PCP agreement and pay it off with that loan money. Reason being, the difference in interest is about £1800, albeit the loan is 7 years and PCP is 4. Plus I got a dealer deposit plus free servicing with setting up the PCP. My question…
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Retirement Interest Only Mortgage
Hi - we have recently paid off our mortgage but want to help our son and his partner with a deposit for a house - they are first time buyers. Our initial intention was to downsize and give them some money from the sale but due to a few issues this will not be happening for a couple of years. I’ve been looking into various…
