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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…
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Repossession of Property
Hi can anyone tell me if my house is repossessed can I still keep my bank account? Also do the Mortgage Lenders look into your bank account or is it private to me. Really, not nice to be in this position but can't be helped!
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Advice on remortgaging with debt plan
Hi there Just after a bit of advice We are going to sell our current house and remortgage on the new one My partner is on a debt plan right now and this is due to end in May this year. If we decide to move in say September this year and we do a joint application, would they reject us because of her debt plan? Her credit…
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IVA restriction on mortgage
I have an RX1 restrcition on my mortgage due to my ex partner taking out an IVA, we were joint owners originally, but this made us tennants in common. Sadly he has passed, the IVA I believe is completed, due to a letter I have found but I cannot find a certificate of completion. Can I apply to get the restrcition removed…
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Lender Checks on Bank Statements
When submitting last few current account statements for a mortgage application, what do lenders want to see? I am transferring pretty much all of my salary into various other accounts and pots for bills and spending at the beginning of each month, leaving a very low balance for most of the month. I am worried that this…
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Current deal coming to an end in April
Some advice please, my current mortgage deal with the Halifax is coming to an end in April.The details are that i owe £70,201, it has 6 years and 9 months left to run. The deal has been over three years and is currently 4.73%. The house value is approx £450,000, I'm tempted to take on an extra £5000 to refurbish the house…
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Is Our Mortgage Sustainable? Advice Needed
We are first-time buyers, and our mortgage for a house of £575k has been approved with an interest rate of 4.44. Loan term is 28yrs. Got it with Nationwide with 5.5x of salary and they counted my annual bonus. We are putting down a £110k deposit(19%).So the mortgage amount is 465K and rest balance we are paying as deposit.…
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Boost for UK borrowers as Santander ‘fires starting gun’ on mortgage price war
Interesting article in the Guardian. https://www.theguardian.com/money/2025/feb/11/boost-uk-borrowers-santander-fires-starting-gun-mortgage-price-war?CMP=Share_iOSApp_Other
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RTB FTB High Rise Mortgage
i'm trying to help a colleague who has been struggling to get a mortgage for her property: she has the Right To Buy her council flat: she has not had a mortgage in recent years and so is considered by lenders she has spoken to so far as a First Time Buyer. having spoken to several mortgage lenders she has been turned away…
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Barclays mortgage timeline 2025
Hi everyone, I’m currently selling my property, and my buyer is causing significant delays in getting their mortgage offer. I want to know what my options are and if anyone has experienced something similar. Timeline of Events: 7th October 2024: Buyer submitted mortgage application with Barclays. 27th October 2024:…
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Separation and remortgaging
My partner and I are parting ways (amicably) and I need to start planning for how we will deal with the home. We've 1.5 years left on our fixed term. I can afford to buy them out if I use my savings and remortgage for a higher amount. What is the normal process - is a transfer of equity done at the same time as a…
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Gifted deposit from mum but now want to sell/move out
I was gifted £125,000 from my mum and used this as deposit for mortgage in my name and we live together. The remaining mortgaged owed now is approx £145,000 as have already remortgaged, done up the house and now worth about £360,000. I now want to move out and need advice. Would I be able to move the mortgage with me if we…
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Mortgage Advice - Single Parent
Hi I have income of salary, child benefit, child maintenance (private no court order) 3 kids 15,12,12. Sold House (accepted offer), offer accepted on new house! Had agreement in principle then 2 declined offers due to admin error on me as I got a new job (different pay date into my bank) and forgot to change DD date on…
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What roof insulation is acceptable to equity release and mortgage cos?
We have to remove our spray foam but what do we replace it with that will pass the test? Not selling but equity release a possibility in the future.
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What length when extending ?
Our mortgage renewal is due in August and we are planning to start a hefty extension in a few months time which I expect will take until the end of the year as best before completion. We have always done 5 year fixed mortgages in the past with the comfort of knowing the monthly payments needed and saving a lump sum up to…
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Concessionary mortgage on a non standard construction
Does anyone happen to know of any lenders for non standard construction property Whilst also using a concessionary mortgage for less than 10% discount ? Home report says construction is: The outer walls are of cross wall construction. The front and rear elevations are of K-lath construction and have a rendered and Fyfe…
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Failed to complete house purchase after exchange due to mortgage lender not releasing funds
We exchanged on a house purchase 1 month ago, with mortgage offer in place, and as far as we knew everything was signed off and ready to go yesterday 15th March. On 10th March, our lenders contacted our solicitor to request evidence showing our private water supply complies with statutory regs for safe drinking water. We…
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Mortgage charter and move to new deal
Looking for advice, im currently in a the middle of interest only mortgage charter support on my mortgage, however my current deal ends May the 1st and i will revert to SVR, which of course i dont want to spend the duration of the charter support paying interest on 8%, so i plan to move to a new fixed deal with the…
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Loans and mortgage application
Looking to move house - wasn’t expecting things to happen so quickly tbh …anyway i had a re shuffle of finances in the last 12 months , took out a 3k loan to pay off some small bits , then wanted to clear CC so took out a small loan with monzo as good rate 4k and cleared all debts - then after xmas unexpectedly got a bonus…
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Split From Partner - Mortgage Situation
Hi All, Ive split from my partner (now 2 years seperated) and we still have a joint mortgage on a house. He has asked me to sell the house, but I dont want to because I dont earn enough to get another mortaged house on my own, even with the equity in the house. I have told him that I will not sell the house (which I…
