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Natwest like for like porting when don't pass affordability test
Hi there, I am seeking a little reassurance! Have applied to port my Natwest mortgage and buy a (£75k) more expensive property (with no additional borrowing). My wife has recently gone Self Employed and only has one years tax return (2023/24) so Natwest will only include my income and means we don't pass through…
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Equity Lifetime Mortgage Interest - Excel formula
I have a Equity Lifetime Mortgage and want to calculate with the fixed interest daily, what would the total repayment would be year by year on the drawdown amount in future years. I have used a excel compound formula but each month/year shows an error when comparing with yearly statements from the lender Formula used:…
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Santander Mortgage Application
Currently halfway through a mortgage application and hit a bit of what my broker calls a stumbling block. My partner and I are buying a house for £210k. I have £86k equity in my house but we were looking to borrow £135 and put down £75k deposit. I am porting £114k so we’re looking to lend and additional £21k on a new…
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Accord Mortgage Experience
Hello! I was wondering if anyone could give any insight into their experience with using Accord for their mortgage. We are in the process of buying our first home and submitted a recent application with Nationwide that was declined due a default on my account. Accord have asked for an explanation which we have given and…
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Planning for next remortgage
Hi sub-zero temperatures and currently thinking about best strategy with the mortgage. I would love to get your advice on how to best prepare for next remortgage - well in advance I know, Purchased new home end of 2023 with LTV just over 70%, 4.7% interest rate, 5 yr fix santander. Haven't been making any significant…
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£400K Mortgage Plan: Can I Sell My Home to Pay It Down?
Hi Forum members I was hoping to get some advice on the following question: Can I get a £400K mortgage for a new home and use proceeds from selling my current property for a lump sum repayment? I’m looking for advice on whether this scenario is feasible: * We’re planning to purchase a new home worth £500K with a £100K…
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How do I get a mortgage for only half a property?
I'm looking to help my son onto the housing ladder, as his mortgage ability would not get him a house locally. We're looking at a property on the market at 200k, and we're considering that the property would be owned 50/50. My son has 20k deposit in savings, so would be looking for a mortgage for another 80k to total his…
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HTB loan and further advance- is it possible!?
Has anyone who has used a help to buy loan managed to borrow more on their mortgage before paying the loan off? Halifax seem to think it's now possible and have progressed our request for a further advance without requesting us to repay the loan. They are requesting a letter of postponement from Homes England currently. I…
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Are we expecting BOE to remain at 4.75% on 8th February 2025?
Will trackers decrease further, ie a rate closer to the BOE rate, or is that it for trackers.....not much movement since January on them.....
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When should I remortgage?
I currently have a 5-year fixed rate mortgage. The fixed rate period comes to an end at the end of July. I would like to get your thoughts on when to start the remortgage process and whether I should apply to specific lender directly...or even move all my banking.I'm after a 2-year fixed rate interest-only mortgage and…
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Will a car loan affect mortgage?
Hello, i am currently on a sabbatical from work and return in April. I will be returning to my same role and so will my wife. We earn 50k and 30k. We will have no vehicles when returning so i was thinking about getting a 16k loan over 4 years for two cars. Will this affect applying for a mortgage at the end of year?
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Product fee at remortgage
Morning Like many, and per my previous posts, our mortgage is due for renewal with nationwide. Our options are fee free, £999 upfront (which means a lower rate and monthly repayment- but we don't have 999) £861 a month at 4.19% or adding the 999 to the loan for £861 a month 4.19% No fee works out £875 a month at 4.39%…
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Kent reliance
We originally had a mortgage in the pipeline but then covid struck. Applied with another-got declined after nearly 4weeks, applied with kent reliance yesterday, initial underwriting was done this morning and valuation instructed. Now the quickness of this has me worried!! 🤣 Should I be concerned? Is valuation usually…
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Fixed term of mortgage ending 31st March + help to buy equity loan to repay and wanting to move
Hi, I am coming to the end of my 5 year fixed term mortgage at 1.76% on 31/03/25. I bought my house with a £95k help to buy equity loan, and house price will have gone up by around 10% so will have around £104k to repay on the equity loan. We want to move later this year so I am evaluating my options on the remortgage…
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Will getting a buy-to-let mortgage impact ability to get a residential mortgage later on?
Hi, I’m looking at buy-to-let mortgages for a property I already own 50% of (unencumbered), in order to buy the other 50%. I just wanted to check if getting a buy-to-let mortgage on this property will negatively impact my ability to get a residential mortgage in the future? Will it be factored in by lenders? Also - will it…
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Mortgage application after fraud
Last year I discovered a fraudulent account on my credit report that went into default. It took a while but this has recently been removed. My credit score through Experian has restored, but through TransUnion is a bit lower than it was. I now have a Cifas victim of impersonation flag on my report. Other than this, the…
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Extending mortgage term but house is on the market
Hi, my house is for sale as part of a divorce settlement. My ex and my joint fixed rate mortgage came to an end just as we were putting the house on the market. We contact our lender (HSBC) who allowed us to move to 6 months interest only. That is due to end this month and the house is still not sold. I contacted HSBC to…
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Moving to fortnightly mortgage payments - does it reduce interest and term length??
Has anyone change their monthly direct debit mortgage payment to fortnightly in an attempt to reduce interest paid and thus pay mortgage off quicker? I can see the theory on how this would work, and have the information I need to do this, but I'm was just wondering if anyone had done this and seen a reduction in their…
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CIFAS MARKER
Hi everyone so recently discovered I have a ‘false identity’ marker on my cifas file. Initially I thought it was only the ‘victim of impersonation’ marker but after I done a DSAR, the victim of impersonation marker has gone but the false identity marker still shows. Has anybody else got this marker and does it stop you…
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Mortgage after Debt
Hello I'm hoping someone who has been in a similar position can offer some general advice. i currently have a DMP with Stepchange, due to end in June 2026 altho I have been able to overpay on some of the debts so hoping this date will pull forward a couple of months. My current balance is around £8k. Two (or maybe 3) of…
