-
Buying a share of freehold
I am interested in a property which is part of a freehold (larger parade converted into flats and offices). I am going around in circles where my LISA provider says that they need the percentage of share of freehold, length of lease etc to check if a lender will consider this. The vendor states the freehold is is in a name…
-
How best to re-organise mortgages
Hi, I am looking to move in the next 6-12 months and currently have 2 mortgage accounts from our first house and current house. We are looking to borrow more and I am just trying to work out the smartest way in which to do this. Our current status: 42,000 Ends 2030 - a lifetime tracker @ 0.79 over base rate (monthly £820)…
-
Broker that waives fee for NHS staff
Just going through the home buying process. Have used Alexander Hall as our mortgage broker. They informed us the other day that since my partner is NHS staff they waive their fee (usually £499). They don't seem to advertise this so it was only right at the point of application we found this out!
-
Are we expecting the BOE Base Rate to drop to 4% on 7th August?
Potential for 4% by year end?
-
First time buyer, higher earner and large deposit £180k
Looking into this for my 28 year old son who is looking to buy with his long term partner early next year. Bulett Pointed for ease! They are NOT married. Deposit will be approx £180k on potentially a £750-£800k house in the Home Counties. With Stamp Duty and such like to pay everytime they move they are looking for a 10…
-
Santander Renewal
My Santander mortgage is coming to the end of its current deal later this year. If I apply to them for additional borrowing and they decline will this affect the option of selecting a new deal with the current mortgage that is usually available 4 months before it ends? Thanks!
-
Date of mortgage payment
So just a quick one really does it make any difference in terms of payment amount and interest on when my mortgage is paid every month because of a job I had years ago I change my payment date from 10th to the 28th. Now what happens is every time there’s a interest rate cut my mortgage goes up like £15 a month so I l have…
-
ADS Additional Dwelling Supplement in Scotland
up to 8% now. And this ontop of Stamp duty that would be due on a 2nd home? Anyone with much experience dabbling in the Scottish market?
-
Help to Buy Repayment Blocked – Previous Solicitor Ceased Trading, No One Will Take the Case
Hi all, I’m hoping someone here has been through something similar or can offer advice. Back in June 2020, my wife and I bought a home with a Help to Buy Equity Loan. We used Conveyancer 1 at the time. I’m now trying to repay the loan in full, I’ve had the RICS valuation done, now expired, funds are ready, and all forms…
-
5yr or 10yr fixed
Yes asking for looking into a crystal ball :smile: I need to remortgage by the start of Dec 2025. Currently on a 1.34% fixed with Atom.....good old days :smiley: Value of house £550k with 100k left to pay and want to pay this off in the next 10 years. Whats most pragmatic thing to do - 5yr or 10yr fixed - any advice?
-
Natonwide overpayment question
Hello I am unsure if there is anyway to overcome this, but any thoughts on this would be welcome. Due to taking on a mortgage solely, a £22K overpayment was made last week to reach affordability. I spoke to someone in Nationwide and was advised I could choose to keep my mortgage payment the same and also to choose to…
-
Bank Rate Today and Mortgage deal deadline
Hi there, I have until the end of June to choose a new mortgage deal (fix) with Nationwide and the Bank rate announcement is due out at midday today. Nationwide doesn't always react to the bank rate immediately, but more randomly. It is expected rates will remain the same, but I just wondered if anyone thinks (particularly…
-
barclays agreed then declined mortgage
Looking for some advice...Barclays accepted my remortgage application, affordabilty etc was all ok, application passed the checks but then at the last minute the underwriter declined the application with no proper reason given.Once an underwriter makes a decision is it possible to ask the bank to reconsider it? Has anyone…
-
Mortgage application…getting myself in a state.
So I am getting myself into a right old state. Background. I currently have four defaults listed on my account. 3 drop off July (one not satisfied- balance £1800) and one next July (satisfied). Broker knows this. House we are buying is up for £280k and we have a deposit of 100k. Broker has place us with Coventry who have…
-
NatWest Mortgage
Don’t need this post anymore
-
Getting Mortgage Ready
Hi all, I'm looking for some advice. I've read the MSE guide to getting mortgage ready and have questions that I wanted personal experience answers to. I have 4 credit cards accounts open and balances on 2. One is 0% and the other paid in full each month. The advice on whether to close the settled 2 is conflicting. None of…
-
Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
-
Making a lump sum payment to Halifax advice
Hi, We recently found out we've been left a inheritance of £40,000 I would like to overpay my mortgage with this but I'm struggling to work out if this will reduce my mortgage term or just the monthly payment and what to. Not really sure what's best. I've got 32 years left on my mortgage. Thank you
-
Closed Accounts & Mortgage Application
Hi Guys My husband and I are looking to apply for a first time buyers mortgage. Both of our credit scores are excellent, we have no existing debt between us other than my PCP car payment which we’ve declared on our MIP and we have a deposit ready to go. We’re eligible for a mortgage up to £345k but to keep us in our…
-
Virgin Money 5yr Fixed at 2.7% - surely too good to be true?
While looking at mortgage deals over on the London & County site, the below 2.7% 5 year fixed rate appears - surely in the current climate this is too good to be true and likely an error? Through Virgin Money site itself the rate is over 4%. I cannot find this anywhere else either. The issue is that I am currently stuck in…
