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Mortgage: Tracker vs Fixed Rate Predictions
Hello, I currently have a tracker mortgage with HSBC at 5.04%, which ends in February. I'm considering my options and wondering about interest rate predictions for the next 2 years. Will rates continue to decrease? Should I stay on a tracker or switch to a fixed rate? My options are: Tracker: 4.89% for 2 years (£999…
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First time buyer - mortgage advice needed for buying a family members house with a partner please
Hi All Any mortgage advice would be greatly appreciated please as we are first time buyers!! I’m looking at buying a first property with my partner. We will be buying my Dads house that we currently live in. It’s worth approximately £430k and I will be gifted £200k off the property. Any advice appreciated.
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Mortgage Charter - Interest Only - does mortgage balance increase after 6 months
I have had a reduction in earnings, which I hope is temporary and I have spoken with my lender today who is signed up to the Mortgage Charter. The 6 month interest only option would give me some breathing space to get my finances in order and get them back to previous levels. When explaining this option, the advisor…
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Bank statements for mortgage application
Hi all, I’ve seen the above which statements that Halifax no longer need bank statements for mortgage applications, but this is contrary to what their website says, can anyone confirm or debunk? Thank you!
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Which Lenders Remortgage Help to Buy: Equity Loan in 2025?
Hi everyone, I’m looking for advice on remortgaging a flat bought with the Help to Buy: Equity Loan scheme. I was told that most lenders don’t allow remortgaging if the equity loan is still in place. Does anyone know which lenders do offer remortgages for Help to Buy properties without having to repay the equity loan…
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Mortgage Without inlaws but living in property
I thought this would be straight forward but like life nothing ever is. I am seeking mortgage advice on this matter but keen to get some feedback on here aswell. Basically, my in laws have moved back to the UK to be with daughter and grand daughter, We have found a property for us all to live in, it is quite a large sum…
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Mortgage fix for 2, 3 or 5yrs - please help!
Hi forum, My mortgage deal (currently 1.4%!) ends at the end of this month and I've been agonising over whether to fix for a 2, 3 or 5yr deal. The 2 year deal would see an increase in monthly payments of £279 on top of what I pay currently, the 3yr would be £253 more and the 5yr would be £242 more. I know no-one can…
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Will I be paying more interest?
Hi folks. Our mortgage is renewing- 28th Feb and 31st May. The 31st May is extra borrowing we took out 2.5yr ago to buy pur current house. I was hoping to bring them both in line, but as yet we can't renew the second mortgage as it is not within 4 months of expiry and I'm worried it will be too late to renew with…
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Prudential Lifetime Mortgages - help/info required about this please!
Hi! Following the sudden death of my mother in March 23 we discovered she and my father had taken out one of the above to raise some cash. My father was confident that all was in order and that there was still more than enough value in the house to cover everything. Unfortunately we soon discovered this was not the case -…
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Remortgaging whilst being in arranged overdraft
My Wife and I are due to re-mortgage in the next 5 months. We got married a few months ago which has left both of us dipping in our arranged overdraft by the end of each month since then.(not as much as the month before) Im meant to have an appointment with our mortgage advisor in the next week or so. Are we best…
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Mortgage advice
Hi all, We have approximately 5 years left on our £30,000 mortgage. We are approaching the end of the current 2 year fixed term and will be looking to remortgage on a new term in the coming weeks. We have previously taken out 2-3 year fixed terms over recent years and always overpaid the maximum 10% allowance during the…
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Combining two mortgages
Hi, I'm looking for some advice about my mortgage. I plan to speak to an advisor in March/April but wondered if anyone had any suggestions for now. My house is worth around 300k and I have a two part mortgage. Mortgage product 1 is roughly £78k with a mortgage rate of 1.49%, this rate ends on 2nd September 2025. Mortgage…
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Additional borrowing on Interest Only basis ??
Hi, I’m about to remortgage, what I’d like to know is, do lenders offer additional borrowing on an interest only basis ? I currently have a £45k mortgage (interest only) plus £20k additional borrowing (repayment). I want to borrow an additional £35k. What I’d really like is to have the whole 100k on Interest Only. Will the…
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New mortgage
I currently live in a mortgaged house and I'm thinking about selling and moving. Can I borrow more than I need to buy the new house and access the additional money as cash for home improvements or is it more sensible to get a bank loan?
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Interest only mortgages
Hi all. I am looking for opinions from people with experience or knowledge of interest only mortgages. I wouldn't have considered one in the past but I'm feeling desperate. Bit of background info. Currently live in a terraced house. Repayment mortgage. If I'm honest I am in a house that matches my income and I am quite…
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Interest only for 6 months. Revised payments afterwards seems to good to be true?
Hi all. I'm 1 year into my 5 year fixed 20 year mortgage. I've asked about going interest only for 6 months as I'm having some time off work. I pay £590p/m atm They said it would be £340p/m for 6 months interest only. Then after 6 months it would increase to £595p/m So for that decrease in total for 6 months it would only…
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Buying ex-husband out of house, self employed over 50
Hi, I really hope someone can give me some really good advice on here. Mortgage currently stands at £170k. When husband left mortgage was £206k, he is entitled to 40% of the equity in 2 years time when daughter turns 18. I am self employed. Current income is around £42k, after expenses about £32k. I have a tenant that…
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Nationwide DIP reliable?
Looking for some advice/reassurance. I have a mortgage but am looking to move home and increase borrowing. I had a bit of a nightmare during the pandemic. Lost my mum and went off the rails for a bit. I have 2 defaults one for a catalogue at 357 and another for an overdraft at 483. Both registered in October 2021. Both…
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Mortgage broker negligence?
Hi all, Looking for a little advice as I think I have been massively screwed over by my mortgage broker and I'm unsure if this would constitute as negligence and what I can do about it. I've been going through the process of buying my first property for the past 4 months. I had supplied my broker with all the relevant…
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Mortgage with an overage contract
Afternoon all I'm looking for a lender who will offer a mortgage where there is overage on the land surrounding the property .. the mortgage is relatively small compared to the value of the house, but the land around the house is ripe for development and the owners have an overage requirement in case there is development…
