-
Switching mortgage rates - can I hedge my bets in case the rates go down?
My current mortgage deal (with HSBC) expires in July and I can now switch to a new rate. I've applied to switch (online) and have been given an offer that I have two weeks to accept. Can HSBC withdraw this offer within those two weeks or am I better of waiting until the end of the two weeks to accept in the (probably…
-
MAS no . 5 SVR
Hello all . I am looking to make a claim to MAS no. 5 for unfair mortgage interest rates. I have received a summary of the rates we have been paying from MAS but to be honest, I cannot make sense of what the figures mean and if we can make a claim at all as our mortgage was interest only? . I hope I made sense and I am…
-
Will i have to pay the higher stamp fee
hi all, i had a mortgage jointly with my mother and i have now completed the change of borrower application to remove my name. Mortgage is all updated but land registry is not updated yet. I am also in the middle of purchasing my own place and the exchange is about to happen but now the solicitor is saying i will have to…
-
NatWest - process for FTB
I'm a FTB at the age of 50 (!) and would just like to understand the process a bit more whilst I'm agonisingly waiting for news. My broker is great, but feel like I'm bombarding him with enough questions! I am (hopefully) buying a house for £190000, with a 10% deposit. This is through NatWest, who also issued me with a…
-
Modern Methods of Construction - ICF
How acceptable are MMC especially Insulated Concrete Formwork not only for original self build mortgage but perhaps also more importantly when considering future saleability? There are many benefits to the new methods of building but if the property cannot be remortgaged efficiently after self build is complete or when…
-
Do I remorgage part of my rental house or fully and invest to free up some money?
We are lucky enough to have a second home that we rent out. No mortgage. £1200 amonth less fees etc. House value about £275000 Id like to fully retire (im 64) so I Im thinking of either selling the house and all the Cap gains tax. Spend some, draw down/invest the remaining OR remortgage (if I can) £100,000 to use in my…
-
Regulated Buy to Let Questions.
Good morning, I wonder if anyone would be able to help with a few questions I have about Regulated BTL mortgages. Backstory - I'm in a lot of debt (would enter a self managed DMP if/when I know my housing situation is secure) I own a home with my ex partner and have 3 10/11 year old sons. Current property £111,000 left on…
-
Tessera portfolio management - Equitable charge by interim order???
04 may 2007 the above was filed against my property - this company was dissolved 30 July 2013. I wasnt in a good place at this time & i have no records ir recollection of thus i. fact most likely my partner at the time hid this info. Has anyone else had any dealings. I know i can go to the crown but is there a list of…
-
Haysto
Has anyone used Haysto Mortgage brokers? They specialise in bad credit mortgages... Looking for success stories as I'm about to submit an application today. I have 8 defaults on my credit file but they think they can help... I will be charged 6.14% OR £854 a month Fingers crossed for me Has anyone got a bad credit mortgage…
-
Remortgage
My current fixed mortgage rate deal ended March 31st - I instructed a new lender on March 9th, but this has not been completed in time and today my mortgage payment came out and I'm now on the variable rate - approx £100 more than I usually pay. Did I not give myself enough time for the deal to complete? If I didnt' then…
-
Looking for advice regarding flat purchase and EWS1
This discussion was created from comments split from: Which mortgage broker?.
-
Historic Endowment
My mum has recently passed away and when going through paperwork, I noticed that she took out an endowment with standard life at the same time as taking out a mortgage with Nationwide. The endowment was taken out in 1988 and matured in 2013 but I don’t think this was ever cashed in. I’ve tried reading up on the topic of…
-
how to 'give' my son my house
I am just wondering the possiblilty of giving my house to my son and how to go about it; Briefly, I have a house valued approx 130k. Outstanding mortgage is £30k . Son is self employed, Am I right in saying that I could do something called Gift of Equity , so that he owns the £100k equity Are there any alternatives you can…
-
Scary read with precise mortgages!
We’ve gone with haysto due to my colourful credit history - they’ve been amazing and put us with precise. accepted DIP and went to application. We then read how they are…. Application went in Tuesday, valuation booked in for 3/6 of the property we’re buying and today already heard back with extra questions. mainly over my…
-
Nationwide Mortgage Application - If rates drop...
I'm about to apply direct for a mortgage with Nationwide. Does anyone know if they allow you to move to a lower rate if rates drop in between mortgage application and exchange? I've seen varying things online, some saying they allow it, and some saying they insist on a full new application.
-
Mortgage
Hi all sorry but wandering if anyone can help as I've had a brain freeze! 🤪 We have a house which we are selling for 500k and which has a 200k mortgage but our mortgage deal is very good so will be porting existing mortgage to new house. We are buying another property which is valued at 500k so will use 300k from house…
-
Help in choosing the right mortgage product in current market conditions while remortgaging
Hi all, Looking for some advice on remortgaging as I’m a bit torn on what to do. My current deal is 4.75% at £1,875/month on a £322k mortgage, ending in September. My lender has offered me an early switch with no ERCs, with options like: 2-year tracker /4.30% (/£1,790/month) 3–5 year fixed around 4.8–4.9%…
-
Mortgage early repayment fee
We took out a £136K mortgage (2 years fixed) in early 2015 with Furness BS. When that ran out in 2017 we renewed it (£115K) but this time on a 5 year fixed rate. Again in 2022 we renewed (£65K) on another 5 year fixed rate which is due to finish in Jan 2027 with a further 4 payments on the SVR to finish the mortgage…
-
Santander product transfer
I'm looking for a (hopefully!) quick answer to a question please. Our current fixed-term mortgage with Santander is coming to an end in early September. I am 99% sure we are going to do a simple product transfer with Santander (yes, I know there are cheaper/better deals out there but we cannot remortgage to a different…
-
Re-Mortgage Dragging on Past Completion Date
Hi all, earlier in the year I started a re-mortgage process to move from my current provider to Santander. This has been facilitated through the Santander provided Enact conveyencer firm. After filling in all the documentation, providing all relevant information, the completion date was set for early April. The completion…
