-
Has any oldies ever stuck with a lifetime tracker?
Didn't really get much advice last time but I am close to accepting and drawing down on… 186k at 4.24%, 0.49% above base rate, 25 years, £490 fee. If rates go down, 3.99% is better than most major fixes at the moment, if it goes up, I will weather until I fix long term again on a rate switch.
-
Change of parties - private mortgage.
When my daughter and her partner wanted to buy a house, they were not able to get a regular mortgage as they didn't meet affordability criteria. We then agreed to lend them the money ourselves, as the repayments would be half of the rent they were paying. When the house was purchased, the loan was registered as a mortgage…
-
Questions as a Ftb
Hiya we have an Aip in place for £300,000 after viewing a house we like on for £295,000 we would like to make an offer, but are we able too with only having £14,000 out of £15,000 for the deposit? Should have the full deposit by the end of April, but houses are selling within a day in the area we live and we don't want to…
-
Should I redo my EPC?
So The plan is to get a heat pump before 2030 as I'm not sure what happens with the next government so I don't have this atm, and atm it can actually reduce your EPC score potentially My mortgage is due to renew next year. I've noticed some providers have "green" mortgages available to those with an A or B rated house.…
-
From fixed rate to SVR - Gnatwest
Can anyone advise me please ref. going from fixed rate to SVR? My mortgage is currently on a fixed rate deal that expires at the end of this month. I have already made my max. overpayment for this year allowed under the terms of the current deal. I am in a position to make another lump sum overpayment that will reduce the…
-
First direct evidence submission timeframe for new applications
I’ve done the maths on my situation and it actually works out better for me to exit my current Nationwide mortgage 1–2 months early and just pay the £500 ERC. That’s only based on the assumption that mortgage rates stay around 0.5% higher than they were last week, when I applied for a new 5‑year fix with First Direct at…
-
Affordability and 2 jobs
Partner earns £17500, and i am self employed , earning approx £8000 for each of the last 2 tax years We want to borrow £150,000 and have a large deposit If I get a permanent part time job ( approx £12000 ) would Nationwide take both my self employed salary and new permanent job salary ( for context I would still carry on…
-
Overpaying on my Natwest Mortage
I'm currently 12 months in to a 5 year fix at 4.5% with roughly £190k left to pay over 29 years. I want to overpay this year as I don't think interest on my savings is going to better the rate of my mortgage. I don't want to reduce my monthly payments but I've read that if you overpay more than £1,000 it automatically…
-
Confirming what to do - Remortgage
Hi All, We are one of those people who are coming off a great rate (NatWest 1.72%) from 1st April. We went with L&C in Dec and the best deal showing (and still is on MSE) is HSBC 4.04% deal (no fee) 2 year fixed - but has cash back so despite not being the best % wise, the overall cost is better. We locked that in and have…
-
Lifetime mortgage query
My mother in law sadly passed away last November, her flat is for sale at £105000 and she had a lifetime mortgage accruing interest at 6.88%, current balance is just under £50k. She also had savings of £30k. Should we instruct our solicitor to put some or all of the savings into the mortgage? Thanks,
-
Freehold purchase advise
hi all. Have read various topics and found some info on reforms. Mum asked us to look into her property as she’s 91 and wanting to get ‘things in order’ she has owned along with my late dad the property since the late fifties and the mortgage was paid off in 79. We found that it is a leasehold and mum has a direct debit…
-
Remortgaging 20 year old interest only
Hi all, We’re currently trying to remortgage our home and would really appreciate any advice from anyone who has been in a similar situation. Our current mortgage has been interest-only for around 20 years. We’re now looking to remortgage at around 65% LTV. The difficulty we’re facing is that we recently started our own…
-
Suspended Possession Order (Barclays)
I feel quite embarrassed sharing this but here we go. Following a job loss and mental health crisis (which I am currently still in outpatient for) I am currently in arrears on my mortgage. I had a plan in place with Barclays to make overpayments to clear this. I started a new job in January and due to my start date missed…
-
Joint mortgage after relationship breakdown.
Hey! Thank you in advance for any advice you’re able to give! Long story short, my current mortgage deal is coming to an end - I’m wanting to remortgage, however it’s a joint mortgage and I don’t want to remortgage with my ex partner. For context, ex partner has not contributed a penny toward the mortgage in over 4 years,…
-
What remortgage rates are Santander offering existing customers?
Hi all Has anyone had experience of this? As an existing customer are the remortgage rates similar to what new customers are offered? I will have approx £130k to pay on a £235k house value. Just trying to get a handle on what is coming after being on a less that 2% mortgage! Am obviously hoping not to have to remortgage to…
-
Mortgage in two parts - options when fixed rate ends on one part?
I have a mortgage in two parts:Part 1 is £150k at a rate of 1.19% fixed until April 2024 (this was ported from my old property)Part 2 is £400k at a rate of 2.19% fixed until August 2027 I've been holding off on getting a new deal on Part 1 hoping the BoE would annouce a rate drop last month but here we are. The best deals…
-
2,3, or 5 years remortgage.
Hi All, Mortgage expiring soon 1st April and due for remortgage. What do you reckon, 2,3 or 5 years thought rates would have dropped further but now the Iran war. Thinking 2 years fixed no product fee or 5 years with £999 product fee or 3 years with product fee of £999. Virgin money 2 Year Everyday Fixed No product fee…
-
Leaving current mortgage early consequences
Hi all, I’m after some guidance on my mortgage situation and the potential consequences of switching early. My current fix with Nationwide is 0.94%, ending 1st November 2026.By the time the fix ends, I’ll have roughly £69k remaining. I’ve been looking at First Direct, mainly because they allow you to lock in a rate up to 6…
-
Rate switch now or wait???
I’m currently on a 1.6 rate ending in May. My plan was to potentially leave this for a few months on tracker as from what I’ve heard rates may go down. Now, jeez Louise!!! I’m in a panic as are lenders increasing their rates because of the current world situation? If it looks like it does do I risk fixing it now, and for…
-
Upcoming Re-Mortgage & Debt/Credit Score impact
Hello All. We'll be starting to look onto our re-mortgage in the next coming months. Our current mortgage is due to expire on 31 August 2026. All is fine. Payments have all been up to date. No worries there. My credit score is good. I have a personal loan with a current balance of £1263. This loan is due to be repaid at…
