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Mortgage offer but have since changed address - process
Applied and accepted for a mortgage with nationwide in July however the house sale fell through and we are now considering a new property. The new property is less which would reduce amount borrowed by £50000. The current mortgage is due to expire end of February so my question was can this mortgage offer be moved to the…
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Avoiding broker fee
Broker has arranged a DIP from a lender, the fee they've quoted is only payable once I'm in receipt of a firm offer. Other than annoying the broker, are there any pitfalls to approaching the lender direct? I would potentially be saving £500.
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TML mortgage advice please!
My husband has 5 defaults Mmostly 3 years ago 1 might be 2 years ago, he is using CIS slips but only shows on there the 20% tax no NI, he cannot use tax returns will The Mortgage Lender accept this? I also had 3 universal credit payments recently (1 a month) as my dad passed away my husband rented elsewhere and my mum…
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Remortgage with additional borrowing & Mat Leave
Hi all, Hoping for some advice as there is every chance I'm overthinking, or missing something obvious. Our 2 year fix is coming to an end in April, initial plan was to just take a new rate with our current provider as they were reasonably competitive and my wife will be on maternity leave from April so saves us the stress…
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Consolidating Mortgages
Hello. We currently have a BTL and a Holiday Let property, both with mortgages. I've worked out that if I were to shift the Holiday Let borrowing into the BTL I would save £300 a month. BTL mortgage is £150k. House value is £500k. Rental income is £1850 per month. We've had the mortgage for 7 years. Lender is Santander…
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Barclays mortgage renewal with arrears
Hello :) *Just to preface - I have autism and sometimes struggle with auditory processing which Barclays are aware of - I've tried to include as much relevant info as possible below* I am just looking for some advice/guidance please. I am nearing the end of a 5 year fixed mortgage with Barclays at 2.27% which is due on…
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Planning on buying a house with my girlfriend (50/50)
Hi all, My girlfriend and I are planning to buy our first house together this year; my half will be cash (from the sale of my own house); my girlfriend's half will be a mortgage. My Girlfriend has a good job with a good salary, so there shouldn't be any "affordability" issues; the main thing she's concerned about is…
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Mortgage for 19 Year Old
My daughter is looking for a mortgage on a home. The LTV is 37.5%. The mortgage is roughly 2x her income. She has 3 people who can act as guarantors. The home does not need any work doing on it and it is good repair. Please can anyone direct me towards a broker or provider who deals in these sort of mortgages. Thank you in…
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First Time Buyer - First Direct
Hi Has anyone as a first time buyer used First Direct for their mortgage and if so how smooth and timely was the process?
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Mortgage Offer Extensions
So buying our first home has been the most stressful experience... and continues to be. (I know people always say it is, but it really shouldn't be this stressful). Anyway... we're having to put in an application for a mortgage offer extension as the new build the current occupier of the home we are buying has been…
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Mortgage provider requesting damp and timber survey
I am a FTB with my partner, buying in the south east. We found a 1930s property with tons of potential, it's a probate (granted) property which the owners want to sell asap. Ended up with an accepted offer 35k less than asking price (after already being reduced by 35k). The property needs modernisation and some work…
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Mortgage application
Hello, put an offer on a house a few months back and my partner and I were approved for mortgage with 6 month offer. The house sale fell through and we currently only have 7 weeks left on the current mortgage offer. At time of first application I had been utilising my overdraft facility which would have been seen in the…
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Advice
We have recently had a critical illness payment. However, payment doesn't cover the full mortgage. Owe around £90,000 on the mortgage. 9 years 11 months. Will still owe £30,000 after paying credit cards. In a fixed deal till Feb 2027. I'm not sure what the best way forward is due to Early Repayment Charges.
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Paying off Mortgage in lump Sum
Hi is it possible for someone to give me some advice. If i have come into some money, would it be wise to pay off my Mortgage all in one go?
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Halifax Overpayments
We have a fixed rate mortgage with Halifax until January 2028, and after we were both promoted at work decided to overpay on the mortgage by £150 month. I have also recently started using the sprive app to generate additional overpayments. We’re allowed to overpay by 10% a year and are well within that. We recently got the…
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Bridging the gap between house sale and purchase
We are currently mortgage free and have some savings. Ultimately we will use the money from the sale of our house to purchase a house that we are looking to buy. My question is what is the best way to borrow some money if we need to complete a purchase before our house is sold? We could put a 100k deposit down and then…
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Mortgage deal advice
Any advice below? Thinking of locking in for 2 year but interest to see what people think Current - £530 a month 2.7% fixed New deal 2 year fixed £626.73 4.35% 2 year tracker rate £623.53 4.30% 5 year fixed rate £619.06 4.23%
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Mortgage for the older couple
I am 73 and my partner is 62 and we are trying to understand what our options are with regards to mortgages. We are both employed. Looking to buy a £300k property and have £100k deposit available. Is the governments OPSO scheme the best option.
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Mortgage eligibility
Hi, I am likely to apply for a mortgage later this year. Currently I am mortgage free (we have paid off the loan on our existing property), but we are separating, so selling and splitting the proceeds. Currently I put a large amount into an ISA every month, but going forward this money is earmarked for my new mortgage. My…
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Staircasing & stamp duty
Hello, please could someone advise if my understanding of the application of the rules is correct. In May 2022, I completed on a purchase of 25% (£126,250) of a shared ownership leasehold flat with market value of £505,000, as a first time buyer. At that time I chose not to pay stamp duty on the full market value, so to…
