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Accepted Mortgage Deal, now rates have dropped.
Hi. I was recently accepted for a mortgage offer (around 7 weeks ago), and am in the process of buying a new property which we hope to move into in the next month or so. Since I was accepted, the interest rates on the mortgage products have dropped. I spoke to the bank this morning and they advised that I would only be…
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Mortgage and new job/probationary period
Hi All, Looking to get a feel for where i would likely stand in these circumstances: I'm almost ready to get my place on the market, likely first week of June for survey and photography etc. Awkward timing but i have also just accepted a new job offer. I'm informed pre emplyment checks could take 6-8 weeks, followed by me…
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Broker system encourages disloyalty?
Hi all, First time remortgaging - just want to make sure I properly understand the process and what our broker is saying. Applied initially a few months back and was issued an offer. Now rates have dropped but not with the lender who have already offered, a different lender. Our broker is saying that the only way they can…
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Mortgage
Hi. Has anyone tried CLS Money as a mortgage advisor? I am currently with CLS and waiting for them to confirm if I get accepted for a mortgage. The first lender declined to give us a mortgage, so CLS is trying a different lender. My worry is that CLS will not come back to me to confirm whether they can get me a mortgage or…
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2 year or 5 year, which would you choose?
Hi all, Mortgage is in two parts Part one (323k) fixed period ends 30th June 2025 (was 1.92%) Part two (90k) fixed period ends Aug 27 (good interest rate, not looking to merge) I have just finished a call with Accord Mortgages (current lender) The best options are either 2 year fixed, £1495 fee (added to mortgage) 3.84%…
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Adding spouse to title deeds and mortgage
I currently have a 5-year fixed rate deal with Accord Mortgages (part of Yorkshire Building Society) with a 1.99% APR that ends on 31/07/2025 and the APR will go up to 7.49% from 01/08/2025, so I have been considering remortgaging by talking with Better (formerly Trussle Labs, recommended by MSE) and now Haysto (I found…
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New job in a startup - will I get a mortgage?
Hello, I'm one of first employees in a company that has been operating for less than a year. I've been with them for seven months now and I have payslips and a permanent contract. My partner who I want to take mortgage with works at the same company. Are we less likely to get a mortgage because of how new my employer is?
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Kensington Mortgages
Hi all, just wondering what everyone’s experience of your application going through Kensington Mortgages has been like recently. What sort of timeframe were you looking at? thanks
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Private Water Supply & Santander Mortgage
I am buying a house with a private water supply, porting my mortgage with Santander directly. My solicitor is on annual leave this week and I was looking for advice on something which is urgent in terms of scheduling a report as we are looking for a quick move. My mortgage offer says 'the property is believed to be…
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Default from Lowell affecting AIP
Hi I was wondering if i could get some advice. I am looking to get a new mortgage with my partner. We applied for an agreement in principle from my current lender. This was rejected due to a default being on my credit score. An overdraft debt was sold to Lowell from an old bank account. I can see that it only defaulted in…
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Getting a new larger mortgage - business owner
My Wife and I are looking to move to a larger house. Before we start the process, we're hoping to get some possible clarification over how our earnings may be assessed to give us an idea as to what our affordability will be deemed as. We both own our limited company, I run the business whilst my Wife works part-time in…
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Using equity to pay debt?
Hi I have a new build property I’m in now two and a half years and have just got a new 2 year fixed rate. Is it possible to use the equity on my home to pay off my debts? Our property is valued at £217,000 remaining mortgage £160,000 and equity of £55,000. We have debts of 32,000, we are literally living off debt. Any…
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Remortgaging Advice For Consolidation Of Debt Including Additional Borrowing
Good Morning All :) First Post, But I believe I'm in the right place ') I've tried to look at different Boards and decided Reddit may be the best place for the advice I'm looking for Currently Based in the UK with a Repayment Mortgage with NatWest. Mortgage Remaining Fixed Rate Term is 11 months due to end and My…
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Legal costs house purchase fell through
So my house purchase fell through and sale here. Had to pay a home report but no estate agent fee as never sold. I’ve been told im due no compensation and I owe none. Can anybody advise what % of legal fees I owe? Would it be much less than a complete sale? Reason I ask is I’ve been hit with lots of costs. My factor has…
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Applying for a new mortgage to move instead of selling current house first
Hi We are looking to move, however have not put our current house on the market yet due to a couple of reasons, one being that it needs some work to tidy it up plus all the rooms need to be decluttered first! We have seen a property we like for £325K. We probably have about £100K in savings, and Nationwide mortgage finder…
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Remortgage 30/40k
Hi All, I paid off my mortgage about three years ago and now I am looking to redo the kitchen and conservatory and need about 30/40k - I am probably going to go with 30k. 30k is too high for me for a personal loan in terms of committing to monthly payments so I am thinking about getting a mortgage. The house is worth about…
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FTB Mortgage Accepted - Due Diligence?
Evening all. We’re first time buyers I’m 41 and my partner is 40 and I’m currently in a near constant state of stress! Had a mortgage in principle through Tembo, found a property, had an offer accepted and put the wheels in motion with Tembo to apply through HSBC. We’ve gone through my self employed tax return documents…
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Mortgage application and pcp
I'm in the process of buying a house and have just had a mortgage agreed by santander. At the same time the PCP on my car is at the premium point of renewal/change. The new car pcp would be £118 more than current agreement. My question is, will agreeing to this now, before house completion affect the mortgage offer?
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Hairdresser - Salon Purchase.
Good afternoon, Looking for some advice. My wife has been approached by her boss to buy the Salon that she has worked in for the last +20 years before he puts it on the open market. The Salon is very well regarded in our local town great location and off street parking which is rare around where we stay. The Salon is a bit…
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Too old for small mortgage?
I’m 69 my wife is 71 we will sell our current home (worth approx £170k) no outstanding mortgage want to buy property circa £220k our combined income is £40k (all g’teed pensions) we have about £40k in savings we have no outstanding debts we think moving costs, buying etc we might need about £30k or £40k of a…
