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Should I sell 2nd home?
Hello, Little bit of background first. About 20 years ago my wife and I were looking to buy our next home. We were going to sell the one we were currently living in to help fund the purchase the next house. We were messed around a lot with potential buyers. In the end we decided not to sell it after my brother offered to…
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Mortgage worries.
Has anyone recently got a mortgage with nation wide, did they ask for bank statements, me and my partner are FTB, we have submitted an application for a mortgage on a house, with a good deposit and around 20k savings left over after putting down our deposit etc. we both have really good credit scores but I’m currently on…
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Timing of using savings to bring down mortgage before remortgaging
We fixed for 5 years in 2020 at 1.3%. Since then we've been saving because our savings rates have exceeded the mortgage rate. We now have a sum of money we'd like to use when we remortgage to bring down the amount. My question is about the timing of doing this: would we need to go on to the SVR first, use the lump sum,…
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Do I still need these once mortgage paid off?
Hi, just double checking that when our mortgage is paid off, we won’t need to pay : * the mortgage * any overpayments * accident & sickness insurance * unemployment insurance But we would still need Life Assurance? This would need updating anyway as the current policy expires in July this year. Thank you
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How to release equity on mortgage when have lots of it :-S small mortgage and after options
So il try and keep it as short as possible.. house purchased for £102,000 now worth potentially over £200,000 based on houses in area (ours probably worth more).. have current rate locked in until January 2027 at 1.78% (I know very very lucky) so I have been paying £200 a month in to savings to overpay the mortgage and I…
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Mortgage now or later?
This may seem a really dumb question. My total cash assets are £265k. I've made an offer on a 3 bed semi for £182k. Obviously there are costs of moving house, keeping an emergency fund etc. Currently in rented. The new house needs most urgently a new driveway, but apart from that it looks clean and tidy just dated. I'd…
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Aviva Home Insurance
Hi I am in the latter stages of buying a home and need home insurance. I have picked up a reasonable quote for home insurance from Aviva. My solicitor asks me to give evidence that Aviva will contact the lender if my policy is not renewed or cancelled. Apparently they do not do this. I would have thought Aviva would be…
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Mortgage decision
We're moving from our 5 year fix 1.78% mortgage to a new deal at the end of the month. At the moment we've locked in a 4.93% 2 year fix. I've seen the interest rate news today. Do you think better deals will become available by the 31st Feb? Given the economic climate, do you think it would be sensible to fix for 5 years?…
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Mortgage renewal due Feb 2026
Hi. I’m looking for some help please. We are remortgaging in Feb 2026 and have HTB. I think our LTV is around 60% as house is valued at around 252k on the quarterly broker email and our outstanding mortgage if keeping HTB in is around 150k. I may be wrong here so please correct me if I am and please could you explain why?…
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Base rate cut to 4.5% – here's why and what it means for your mortgage and savings
The base rate has been cut to 4.5% from 4.75% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates. Read the full story: Base rate cut to 4.5% – here's why and what it means for your mortgage and savings If…
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Tennant's in common DoT advice
Hello, I'm looking for advice please and to see if what I'm thinking below is correct: My partner has a mortgage on his property, the mortgage is ending so he is remortgaging and adding me to the mortgage as a tennants in common with a DoT protecting our shares. Value of property £550,000 Mortgage amount £292,000 His share…
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Holiday lets and mortgage application
Hi, so looking for advice in regards to buying a holiday let. Im hoping to buy a flat via an SPV to run as a holiday let in my touristy town. Obviously I have to buy the flat in order to apply to the LA for a licence to run it this way. My worry is what happens if the permission isn’t granted but I have a short term let…
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Bank of England reduced the rates, but HSBC increased the mortgage rate, why?
Is it because banks need a few days to adjust after the Bank of England changes rates before deciding on their offers? At the end of January, HSBC offered me a 2-year fixed rate at 4.20%. By February 5th, the same deal had increased to 4.25%. Today, after the BoE reduced rates by 0.25%, HSBC raised the deal to 4.30%. I…
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Alliance and Leicester santander
Hi I've recently been having a paperwork sort out and have found paperwork from Alliance and Leicester from 2005 with details of life and illness cover for my mortgage that I had forgotten about, obviously Santander took over I have tried calling them and they suggested I try Aviva or Royal London but both say it's nothing…
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Accord mortgage timeline
Has anyone applied with Accord recently? I’m hearing good things about their timeline. I applied today following a failed application with Santander as they were unwilling to lend the full amount that we needed. Anyone else going through their mortgage journey with Accord?
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Land registry documents - are they worth the fee?
We are currently arranging our remortgage, and one of the questions one the conveyancing questionnaire is: Following completion of your remortgage the law firm will send you a copy of the title to your property as registered with the Land Registry. It is considered good practice that the law firm let you have a copy of…
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Financial Ombudsmen Service... how long?
I hope this is the right place to post this. I want to get a mortgage but have a late payment showing on my credit file. This account was with Argos Card Services and should have had a default put on back in 2018 when I entered a DMP, which would mean it wouldn't be on my credit file now. However, the account was settled…
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What do you think is best to do?
Our fixed rate with nationwide is coming to an end and we have 58k remaining on mortage with of 48 percent due to house valuation going up. We are not looking to move at all but want the best for us. I have locked in a 5 year fixed rate deal for £448 a month which will be only £50 extra to whay we are paying now. I am able…
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Poor credit score
I am thinking to buy a house , my situation is that in 2021 I went bankrupt because my business failed through Covid I was discharged a year later . My credit score has improved , but I noticed 5 errors on Trans union , so I reported them and in a week 2 of them are settled , so I’m waiting for the other 3. To help my…
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Unilateral Notice from old lender, can’t remortgage!
Hi all, Was due to remortgage on the 1st Feb 2025 with Barclays, they've advised they can't proceed until a unilateral notice in favour on Santander UK plc (dated November 2021) is removed from Land Registry. They were our mortgage provided back in 2020 when we moved in and have since remortgaged with Natwest in 2023 (who…
