-
Mortgage overpayment - 2 year term
We are first time buyers, our interest rate is 4.44% and we are on a 2 year fixed mortgage over 25 years. In terms of overpaying, I understand that overpaying reduces the interest paid and therefore reduces term length however, depending on what interest rates are doing we aren’t going to be on the 4.44% interest rate…
-
Mortgage for property next to a pub
We are trying to sell our house and it has fallen through 3 times for the same reason.....it's next to a country pub. Does anyone know of any lenders who will lend in this situation?? It's getting quite frustrating. Thanks
-
Additional Borrowing - How it works?
Hi All, Been reading the forums for some time and always found the info provided useful. After some advice on how additional borrowing works. Basically I have a fixed mortgage (HSBC) with 2 years left, at an LTV of 30%. We are planning to undertake a significant house extension, with the need to borrow circa £170k. What I…
-
Is this possible? (leasehold - short lease)
Hi all Remaining lease 68 years Cost to extend by 90 years - c£15k Mortgage balance remaining - £105k Property value as is - £167 (according to high street lender) Property value with extended lease - £200-210 (according to estate agents) My sister has come to the end of her mortgage deal with a high street lender and will…
-
Service Charge, No Sinking Fund- Should I be worried?
Please, I have been greatly disturbed and would need advice under a very short period of time. The flat we want to buy has 1) £100 annual ground rent & £650 annual service charge. Q1? Is that fair amount on a one bedroom? 2) There is no sinking fund/Reserve. Though the last two years have a deficit of £1000 service charge…
-
Adverse credit mortgage
Good morning all, I'm in a bit of a sticky situation with my mortgage. A couple of years ago, I was extremely lucky to buy a house at a reduced price from my Mum and Step Dad. The 40% gifted equity worked as my deposit, enabling me to get a mortgage of £155k (at 7.9%!) with UTB. This was on the premise I would be able to…
-
Mortgage Execution only trap.
Mortgage lender agreed to submit an application on behalf of customer for a reduction in his existing borrowing , however lender without customers knowledge two days later submitted application outside of the existing mortgage product LTV criteria of 60-40%. increasing loan value, not reducing it this was above 1% of…
-
Short time left on mortage
Hello lovely people! My fixed rate comes to an end at the end of May and Natwest have said they won't offer me another mortgage because I only have a 2 years left, and they are going to put me on a SVR which is currently 7.74%. Can you please advise if there is any reason why I would be turned down if I took a loan to…
-
Unencumbered mortgage
Hi. We are looking to do an extension on our house and I'm after advice on how best to finance it. We need to borrow approx 80k. We are incredibly lucky and we are mortgage free in our mid thirties. We both work and I've been looking into mortgages. Is this the best way to fund the extension? Or should we release equity…
-
Repossession of Property
Hi can anyone tell me if my house is repossessed can I still keep my bank account? Also do the Mortgage Lenders look into your bank account or is it private to me. Really, not nice to be in this position but can't be helped!
-
Advice on remortgaging with debt plan
Hi there Just after a bit of advice We are going to sell our current house and remortgage on the new one My partner is on a debt plan right now and this is due to end in May this year. If we decide to move in say September this year and we do a joint application, would they reject us because of her debt plan? Her credit…
-
IVA restriction on mortgage
I have an RX1 restrcition on my mortgage due to my ex partner taking out an IVA, we were joint owners originally, but this made us tennants in common. Sadly he has passed, the IVA I believe is completed, due to a letter I have found but I cannot find a certificate of completion. Can I apply to get the restrcition removed…
-
Lender Checks on Bank Statements
When submitting last few current account statements for a mortgage application, what do lenders want to see? I am transferring pretty much all of my salary into various other accounts and pots for bills and spending at the beginning of each month, leaving a very low balance for most of the month. I am worried that this…
-
Current deal coming to an end in April
Some advice please, my current mortgage deal with the Halifax is coming to an end in April.The details are that i owe £70,201, it has 6 years and 9 months left to run. The deal has been over three years and is currently 4.73%. The house value is approx £450,000, I'm tempted to take on an extra £5000 to refurbish the house…
-
Is Our Mortgage Sustainable? Advice Needed
We are first-time buyers, and our mortgage for a house of £575k has been approved with an interest rate of 4.44. Loan term is 28yrs. Got it with Nationwide with 5.5x of salary and they counted my annual bonus. We are putting down a £110k deposit(19%).So the mortgage amount is 465K and rest balance we are paying as deposit.…
-
Boost for UK borrowers as Santander ‘fires starting gun’ on mortgage price war
Interesting article in the Guardian. https://www.theguardian.com/money/2025/feb/11/boost-uk-borrowers-santander-fires-starting-gun-mortgage-price-war?CMP=Share_iOSApp_Other
-
RTB FTB High Rise Mortgage
i'm trying to help a colleague who has been struggling to get a mortgage for her property: she has the Right To Buy her council flat: she has not had a mortgage in recent years and so is considered by lenders she has spoken to so far as a First Time Buyer. having spoken to several mortgage lenders she has been turned away…
-
Barclays mortgage timeline 2025
Hi everyone, I’m currently selling my property, and my buyer is causing significant delays in getting their mortgage offer. I want to know what my options are and if anyone has experienced something similar. Timeline of Events: 7th October 2024: Buyer submitted mortgage application with Barclays. 27th October 2024:…
-
Separation and remortgaging
My partner and I are parting ways (amicably) and I need to start planning for how we will deal with the home. We've 1.5 years left on our fixed term. I can afford to buy them out if I use my savings and remortgage for a higher amount. What is the normal process - is a transfer of equity done at the same time as a…
-
Gifted deposit from mum but now want to sell/move out
I was gifted £125,000 from my mum and used this as deposit for mortgage in my name and we live together. The remaining mortgaged owed now is approx £145,000 as have already remortgaged, done up the house and now worth about £360,000. I now want to move out and need advice. Would I be able to move the mortgage with me if we…
