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BTL Re-mortgage Queries
Good afternoon. My partner and I have a flat we rent out (the tenant has just signed a new 12 month lease and is a long term tenant) but it is currently on SVR through Bank of Ireland. It is on a residential SVR as we have consent to let, not a BTL deal. We' tried to call them to swap the deal and get a cheaper monthly…
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Lender’s refusal to execute best interest rate at completion
I repeatedly requested from both broker and the lender’s solicitor to have the lowest rate on the chosen product executed at completion (weeks and months away from the offer). Rates were not publicly visible and the lender never directly contactable (‘reflection period’ also refers to contacting solicitor only), and I…
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Renewing mortgage - how many times can I switch deals?
So my 4 month remortgaging window is about to go live. Say I locked in a deal right away....as far as I am aware I can cancel that deal and select a better deal during this 4 month window... Can I do this as many times as I like? My plan is to just stick with my current lender, Santander. I will take up the best 5 year fix…
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Adverse credit mortgage lender / broker
Hi, I am currently in a DMP plan which has been running for 2.5 years. I am currently renting but having been given notice on my current rental property, would like to explore the option of buying. I have already spoken to a mortgage broker who advised that my situation is not his speciality but that there are "Adverse…
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Letting home out long term (5 years +)
Just forward planning at the moment, an idea I want to look into. 47 years old, house worth £600k with £200k mortgage with Barclays (split over 3 separate mortgages with different rates). All 13 years remaining (give or take a couple of months). The 3 different rates are from moving house and borrowing more, plus the…
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Inheritance money coming and new house
So I had tried to buy a few houses last year. I’m in Scotland so one was a fixed price if I had offer accepted it would have been done and I could have listed mine as was on market for a bit. The area wasn’t my first choice. So two other ones came up same street same week one sold by the time I viewed second one other one…
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Aviva Equity release / Lifetime mortgage
Please can someone advise us about this issue. In 2001, my parent took out a lifetime mortgage of £46,000. Currently in 2025, we now owe them £284,000 roughly, this to me and everyone we speak to, seems absolutely immoral and ridiculous, that it can be this much to pay back. There is interest and there's interest! Is this…
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Re-mortgage after Fixed Rate ends with Barclays?
I'm coming up to the end of my 2-year fix soon, at 5.45% with Barclays. This is my first mortgage and I wanted to understand how re-mortgaging works. Within the last 90 days I understand I can select a new rate online on my account. How does this work? Has anyone done this? Is there a new credit check? Is it instant? What…
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Un-sellable, un-rentable, un-mortgageable property
Hoping somone can help - I bought a flat in a small block a number of years ago. Went to sell it around 2 years ago (mid-conservative hike in interest rates and borrowing) so plenty of interest but no offers. Bought a house with my partner so we could build a family - with a plan to rent the flat until mortgage rates…
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Changing ownership required prior to new mortgage?
Advice needed for selling current house and new mortgage. My wife and I moved in with her parents and paid off the remaining mortgage on their behalf. The property is now mortgage free and in her parents name. Our intention is to sell the house we are in (in her parents name) and use the money (about £200k) as deposit on a…
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Mortgage Affordability Checks
A friend made a joint mortgage application during the early 2000’s which was approved. The mortgage was used to buy a flat using a tracker interest only mortgage. During the early years of the mortgage it was affordable as the interest rate was <2.5% However after approximately 10 years the parties broke up and the main…
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Remortgaging / Equity Release ?
Hi, I could do with some help ! I live in a little cottage that I have bought and the mortgage is finished now. I am thinking about buying a plot of land to put a log cabin on to live in instead - my little cottage would be turned into a holiday let. My question is how do I get the equity from the cottage to fund the log…
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Lifetime Mortgage OR Retirement Interest Only Mortgage
My mum is 91 owns her own home outright but is burning through savings at a rate of £3.5K a month paying for 24x7 live in care. Probably only has a year or two of life left due to health conditions. The savings pot is now down to 20K which means in 5 months she will no longer be able to afford care. I am of course looking…
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Re possession
My house was repossessed in Oct 2012 and sold off via an auction .I was informed it was sold for less than i owed . I have had no one contact me for any outstanding money. How long will my name stay on any lists for. can i apply for a mortgage again now with my husband????
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Mortgage, maternity leave and agreement in principle
Hi All. Family member of mine interested in getting a mortgage and buying a house. Current situation is towards the end of 1yr maternity leave going back to a job of nearly 20 years for a big company in March. The deposit level will be quite large anything up to 60% of purchase price but realistically probably use a lower…
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Mortgage partial payoff OR keep saving into an ISA
I was quite lucky and got into the housing market with a very small mortgage, before house prices went crazy. I now have in an ISA approx 80% value of what I need to pay back to the bank for the house purchase price. My mortgage was an interest only with a stocks/shares ISA setup to pay back the lump sum. So, should I…
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Getting a mortgage after a DRO
Hi just looking for some advice. I have recently entered into a DRO and the moratorium period will end in August 2025. I know this will impact my credit file for 6 years however in looking forward, I have been researching mortgages, shared ownership etc. I was under the impression that I wouldn’t be able to get a mortgage…
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Product Transfer Process
Good evening, i am hoping someone can give me some idea of the product transfer process with Nationwide as i understand it i will receive an offer 4 months before and should i chose to stay (which i plan to) i can either log in and accept it myself, or speak to an advisor and move onto the rate when its up, i can also i…
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lifetime mortgage
my mother signed under coercion from my deceased father a life time mortgage in 2009. my brother and i were not aware at the time. paying 6.9% compound interest the amount owed is now nearly the same as the value of the property. how can 6.9% compound interest since 2009 be in any way deemed as fair?
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Can I be added to a BTL mortgage?
Hi, my partner has a BTL mortgage on a property and we've been discussing adding my name to the mortgage. Is it possible to do this and, if so, how would we go about it? Tia.
