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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…
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Endowment Qualifying status - Changing advice from Provider
I took out an endowment in May 1999. In 2013, I was considering cancelling the policy as it was performing badly, The Service Provider Friends Provident advised me that I could reduce life cover & remove critical illness (an optional part of the policy) as I already had these benefits through work. FP sent me quotes to…
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MSE News: Mortgage rates drop below 4% for the first time in months
Interest rates on fixed mortgage deals have fallen below 4% for the first time since November 2024 – but will rates come down further? We've spoken to four mortgage brokers to see what they think – and whether you should fix. Read the full story: 'Mortgage rates drop below 4% for the first time in months – so do brokers…
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Mortgage with late payments
Hello New to forum I would like advice / similar situation with others for some peace of mind situation is as follows. House currently on the market ( not sold ) ( x2 applicants ) This is be our 3rd move ( 1st mortgage - Barclays / 2nd Halifax /3rd Ported with Halifax ( current lender ) due to moving when the market was…
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2 Year Fix, 2 Year Tracker or 5 Year Fix
HSBC Exisiting Customer due to renew 1st July. 4.44% 2 Year Fix 4.74% 2 Year Tracker 4.39% 5 Year Fix I have currently applied for the tracker with the presumption it will be 4.49 or even 4.24 by July/Sept when I switch hence why I have avoided current fixes as the tracker will likely go below the fixes, if i were to…
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Help to buy scotland
Hi, we bought our house in 2014 we were offered help to buy which we eventually agreed to when we purchased the house in 2014 we paid £285,000 and used 20% help to buy which worked out at £57,000. we know wish to buy the 20% back which will now cost us £100,000 as we have have upgraded the property, i feel this is like…
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investing in parents house
Hello I have a bit of an obscure one. Last year I decided to sell my home, I'd been divorced for a while and just wanted rid of the house and the connection to my ex husband. So in October I sold it and had a pot of money. I live now in my parents three bed end of terrace with my three children 18/14/10. I am the primary…
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Mortgage overpayment - 2 year term
We are first time buyers, our interest rate is 4.44% and we are on a 2 year fixed mortgage over 25 years. In terms of overpaying, I understand that overpaying reduces the interest paid and therefore reduces term length however, depending on what interest rates are doing we aren’t going to be on the 4.44% interest rate…
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Mortgage for property next to a pub
We are trying to sell our house and it has fallen through 3 times for the same reason.....it's next to a country pub. Does anyone know of any lenders who will lend in this situation?? It's getting quite frustrating. Thanks
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Additional Borrowing - How it works?
Hi All, Been reading the forums for some time and always found the info provided useful. After some advice on how additional borrowing works. Basically I have a fixed mortgage (HSBC) with 2 years left, at an LTV of 30%. We are planning to undertake a significant house extension, with the need to borrow circa £170k. What I…
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Is this possible? (leasehold - short lease)
Hi all Remaining lease 68 years Cost to extend by 90 years - c£15k Mortgage balance remaining - £105k Property value as is - £167 (according to high street lender) Property value with extended lease - £200-210 (according to estate agents) My sister has come to the end of her mortgage deal with a high street lender and will…
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Service Charge, No Sinking Fund- Should I be worried?
Please, I have been greatly disturbed and would need advice under a very short period of time. The flat we want to buy has 1) £100 annual ground rent & £650 annual service charge. Q1? Is that fair amount on a one bedroom? 2) There is no sinking fund/Reserve. Though the last two years have a deficit of £1000 service charge…
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Adverse credit mortgage
Good morning all, I'm in a bit of a sticky situation with my mortgage. A couple of years ago, I was extremely lucky to buy a house at a reduced price from my Mum and Step Dad. The 40% gifted equity worked as my deposit, enabling me to get a mortgage of £155k (at 7.9%!) with UTB. This was on the premise I would be able to…
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Mortgage Execution only trap.
Mortgage lender agreed to submit an application on behalf of customer for a reduction in his existing borrowing , however lender without customers knowledge two days later submitted application outside of the existing mortgage product LTV criteria of 60-40%. increasing loan value, not reducing it this was above 1% of…
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Short time left on mortage
Hello lovely people! My fixed rate comes to an end at the end of May and Natwest have said they won't offer me another mortgage because I only have a 2 years left, and they are going to put me on a SVR which is currently 7.74%. Can you please advise if there is any reason why I would be turned down if I took a loan to…
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Unencumbered mortgage
Hi. We are looking to do an extension on our house and I'm after advice on how best to finance it. We need to borrow approx 80k. We are incredibly lucky and we are mortgage free in our mid thirties. We both work and I've been looking into mortgages. Is this the best way to fund the extension? Or should we release equity…
