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Mortgage on split property
I am 64 years old and I have a small mortgage 62k that is coming up for renewal. I wish to borrow an additional sum £20k to build a conservatory. My current lender will only lend up to age 75 so I have applied to my bank for a remortgage to age 80. I have private pension income into retirement and everything has been…
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MORTGAGE ON AN OFFICE CONVERSION
I am selling my flat through an estate agent to downsize. It is a great flat that has attracted loads of viewings and is on the top two floors of an office conversion done in the 1970s. We got a buyer for whom the broker attached to the agent has been trying to get a mortgage. Unfortunately the buyer had put that it is…
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mortgage rejected base on CCJ in 2022
Today my wife and I applied for a mortgage for an extension to our home. We have no debts, no outstanding credit card balances, and maintain healthy bank account balances. We are well within the affordability criteria. we are both on £90k+ I pay for Experian every month, and my credit report shows no missed payments and a…
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Should my husband contribute to my mortgage
Hello all Really interested to get thoughts, I purchased a house 2 years ago, I was married to my husband at the time but for reasons I won't go into it was rocky. As I purchased the house from a relative they gave me a reduction in price which my mortgage advisor put down as a deposit. When things relationship wise worked…
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Paying lump sum before remortgaging
I will be re-mortgaging at end of Nov - looking at 5 or 10 yr fixed moving from Atom at 1.4% for last 5 years. I have paid my overpayment allowance every year but I have around £30k I can throw at the mortgage to reduce from £100k to £70k. How would I go about paying this lump sum towards the mortgage given I have gone…
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Buying a share of freehold
I am interested in a property which is part of a freehold (larger parade converted into flats and offices). I am going around in circles where my LISA provider says that they need the percentage of share of freehold, length of lease etc to check if a lender will consider this. The vendor states the freehold is is in a name…
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What can I do with my mortgage/equity?
First time post! Hello I am 50 years old, married with kids. I have a property in my own name that I purchased before I was married. I have just under 7 years left on the mortgage with roughly 45,000k left to pay. Also have an equity loan/ second charge on it, which is repayable upon sale of the property, or sooner at a…
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Broker vs bank for a mortgage.
I've been offered a 10 year fixed rate mortgage at 3.99% with a £1,400 initial fee by my bank. However every estate agent is trying to push me towards going with "their" broker. I don't want to rule this option out but generally when one company is pushing the product or service of another company, it's to benefit the…
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Interest Only Mortgages and age restrictions.
I was wondering if anyone can help with this at all and advise if this is a general rule? I've just gone through a new product selection at the end of a fixed rate, I've gone onto a tracker as that doesn't have any penalties as I'm going to be moving in the next 6 months anyway. As part of the discussion I asked about an…
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I got 10 choices remortgage deals here, which one shall I choose?
many thanks for helping: :D Current interest rate:6.74% Variable Rate Current monthly payment £ 1,623.42 Deals available 2 Year Fixed Standard Interest rate 3.97%Monthly payment £ 1,316.63Product fee £ 999-----5 Year Fixed Standard Interest rate 3.99%Monthly payment £ 1,318.72Product fee £ 999-----3 Year Fixed Standard…
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How best to re-organise mortgages
Hi, I am looking to move in the next 6-12 months and currently have 2 mortgage accounts from our first house and current house. We are looking to borrow more and I am just trying to work out the smartest way in which to do this. Our current status: 42,000 Ends 2030 - a lifetime tracker @ 0.79 over base rate (monthly £820)…
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First time buyer, higher earner and large deposit £180k
Looking into this for my 28 year old son who is looking to buy with his long term partner early next year. Bulett Pointed for ease! They are NOT married. Deposit will be approx £180k on potentially a £750-£800k house in the Home Counties. With Stamp Duty and such like to pay everytime they move they are looking for a 10…
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ADS Additional Dwelling Supplement in Scotland
up to 8% now. And this ontop of Stamp duty that would be due on a 2nd home? Anyone with much experience dabbling in the Scottish market?
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Help to Buy Repayment Blocked – Previous Solicitor Ceased Trading, No One Will Take the Case
Hi all, I’m hoping someone here has been through something similar or can offer advice. Back in June 2020, my wife and I bought a home with a Help to Buy Equity Loan. We used Conveyancer 1 at the time. I’m now trying to repay the loan in full, I’ve had the RICS valuation done, now expired, funds are ready, and all forms…
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barclays agreed then declined mortgage
Looking for some advice...Barclays accepted my remortgage application, affordabilty etc was all ok, application passed the checks but then at the last minute the underwriter declined the application with no proper reason given.Once an underwriter makes a decision is it possible to ask the bank to reconsider it? Has anyone…
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Bank Rate Today and Mortgage deal deadline
Hi there, I have until the end of June to choose a new mortgage deal (fix) with Nationwide and the Bank rate announcement is due out at midday today. Nationwide doesn't always react to the bank rate immediately, but more randomly. It is expected rates will remain the same, but I just wondered if anyone thinks (particularly…
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Getting Mortgage Ready
Hi all, I'm looking for some advice. I've read the MSE guide to getting mortgage ready and have questions that I wanted personal experience answers to. I have 4 credit cards accounts open and balances on 2. One is 0% and the other paid in full each month. The advice on whether to close the settled 2 is conflicting. None of…
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Making a lump sum payment to Halifax advice
Hi, We recently found out we've been left a inheritance of £40,000 I would like to overpay my mortgage with this but I'm struggling to work out if this will reduce my mortgage term or just the monthly payment and what to. Not really sure what's best. I've got 32 years left on my mortgage. Thank you
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5yr or 10yr fixed
Yes asking for looking into a crystal ball :smile: I need to remortgage by the start of Dec 2025. Currently on a 1.34% fixed with Atom.....good old days :smiley: Value of house £550k with 100k left to pay and want to pay this off in the next 10 years. Whats most pragmatic thing to do - 5yr or 10yr fixed - any advice?
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Closed Accounts & Mortgage Application
Hi Guys My husband and I are looking to apply for a first time buyers mortgage. Both of our credit scores are excellent, we have no existing debt between us other than my PCP car payment which we’ve declared on our MIP and we have a deposit ready to go. We’re eligible for a mortgage up to £345k but to keep us in our…
