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Choices: Bigger deposit or make over payment or invest S&S ISA?
Hi Everyone, We've just committed to purchase a property and was looking for some options on how we should model the deposit and what pros/cons are associated with the size of the deposit. Basically, what I'm thinking is if it's worth putting on an extra 35,000 from savings into the new purchase, at the cost of 187/month…
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Deposit and amount borrowed
Hi, probably a silly question but one that's bugging me anyway. When I play with the Nationwide mortgage calculator I get a number back that they're potentially willing to lend. Changing the deposit amount has no effect on the amount borrowed, so I'm wondering if the deposit is simply a down payment or if it serves any…
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Lodgers on a NatWest Mortgage
I've recently taken out a mortgage with NatWest and one of the covenants was stating that I cannot get a lodger without written consent and my mortgage advisor has stated that they'll probably refuse if I go to them for consent. I'm a first time buyer and did receive a relatively favourable rate so wonder if this is part…
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RBS one account switching
Looking to switch RBS one account to another mortgage deal , with another lender , does anyone have experience of this ? how easy is it to do ?
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Getting a mortgage top up after having IVA
Hi guys does anyone know if I can get a mortgage top up after paying off my IVA I took it out 6years ago and paid it back early so I’ve been a year free of it I recently tried with my mortgage company to get a top up and they said I couldn’t because of IVA and said it stays on my credit file 6yrs after I’ve paid it off is…
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Nationwide Zero Interest Green Additional Borrowing
I'm planning to apply for mortgage with Nationwide for my purchase of a victorian conversion flat. I'm thinking of doing some home improvements in a year time. In addition to loft extensiom, I’m considering replacing the existing windows and installing internal wall insulation in the existing first floor flat. I've…
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Kensington Mortgage application timescale
Hi- I hope this is the right place to post. We are waiting (almost 3 weeks) to hear from Kensington about our application. We were expecting lots of extra paperwork requests from what I have read on here. Anyone been through this that can maybe reassure me please? How do I know when they have done a valuation? The credit…
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Weekly mortgage payments UK
So i keep reading that paying my mortgage weekly would mean that i would save money on mortgage interest as i would be reducing the balance weekly rather than monthly - no intention to overpay at this stage just would want to pay what i would normally pay annually but paid over 52 weeks. I'm thinking this must save metres…
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Additional borrowing with Skipton
I applied for an additional £20k on my current mortgage with Skipton. They have been great and things have moved super quickly. Valuation was done last Tuesday and then I had a call on Wednesday telling me all they needed from me was the £20 admin payment. I asked if everything had gone through and they said yes offer has…
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BTL mortgage changed to residence mortgage, still subject to CGT if sell in same financial year?
Hello I was wondering if someone could advise or guide me where the guidance is on the following: I am looking to sell my current main residence and then move into my BTL property. I don’t have any other properties. I will change it to residential mortgage and have been advised that this should be ok. Where I am coming…
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Is this mortgage arrangement considered normal? Any cons associated with it?
Hi Everyone, We're in the process of purchasing our next home and as part of that selling our current home. The only challenge is that our current home still has almost 2 years left on the fixed term, so if we exit, we'd have to pay an early repayment charge aka ERC. Our mortgage adviser is recommending the following for…
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Small mortgage simply for unlocking LISA
Are there any specialist providers or brokers out there who specialise in small mortgages simply for the purpose of unlocking LISA funds? Ideally with no minimum term so could be paid off straight after completion? I know this is a niche query but I imagine it is a situation that would become more common Thanks
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Mortgage broker didn't chase us, now our application is late 😕
I have a query about mortgage brokers. We are currently applying for our remortgage now our 5 year fixed term is up for renewal. We used the same broker we bought the house with and started the process several months ago. He wanted a full credit report as well as all the other typical documentation. The credit report had…
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Need some help please on overpaying
Hi, I want to start overpaying my mortgage I owe 129000 with 31 years to go and have a fix rate for 5 years with Halifax. If I overpay monthly but keep the term the same will it effect me switching to a new deal in future with Halifax? What usually happens please. Thank you
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Mortgage company asking for landlords reference
I have submitted a mortgage application, the lender have come back with a couple of questions, The one concerning me is that they have asked for my landlords contact details to obtain a reference. In itself this should not be a problem as the rent has always been paid on time. The issue is, I have not yet told the landlord…
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YBS product switch - interest only
Tried to rate switch at end of my fixed term and it won't let me do it because I'm on interest only and apparently I have to have a whole appointment with their advisor to receive advice, including all the incomings and outgoings 🤷♀️ I literally am changing nothing at all with the term, the loan etc I just need to secure…
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Santader - Partial early repayment refund
In November 2020 I ported my Santander mortgage to a new property. I have recently received a letter stating that 'As you took your new mortgage with Santander immediately the early repayment charge (ERC) should've been reduced.' They have offered a partial refund of the ERC paid by me and 8% gross compensatory interest…
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Should we apply for a Mortgage?
Hi - we are 68 and 70 years old respectively. Our current Landlord has recently died and his buisness and homes are going through probate so we are waiting for either a considerable rent rise by the family or maybe a new owner if they decide to sell. We have been on a housing waiting list for 2-3 years and have applied for…
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Halifax carried out hard search on my credit report 11 months after initial application
I was wondering if anyone has any advice - I have checked my credit report today as I had an email alert from Credit Karma. We applied for a mortgage with Halifax in March 2024 but they declined as they wouldn't accept us moving from a joint mortgage to a sole mortgage in my name as they said in order to get the mortgage…
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Bluestone mortgage
Hi everyone Been looking through previous posts about Bluestone mortgages etc and it’s been really helpful. We have adverse credit by the way of defaults, a missed payment some late payments and we both took out credit spring to help us improve our credit rating with a view of getting a mortgage in 2 years. The credit…
