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Equity release
I am looking to buy a new house but currently have about £22k on credit cards. If I sell my current house and pay off the existing mortgage I will be left with around £200k. Can I use some of that equity to pay off the cc? What I would like to do is free up £45k for cc payment and money to cover the costs of moving. I…
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Mortgage deal ended
Afternoon. Just looking for some advice. My mortgage deal has finished with NatWest so I haven’t taken out a new deal. It’s gone up by £200 so I need to sort a new but I am looking to out the house up for sale in Jan and hopefully move. What’s the best mortgage deal to go with as I will probably need to change or switch…
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Buying a flat for son to pay mortgage on
Our son will be moving to London in September for a new job. We are wondering whether it might be a good idea for us to buy a flat, using the equity in our home (c. 300k), and he pay the mortgage. We are retired, and have no mortgage. He won't be able to get a mortgage for a couple of years, as his income won't be…
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Help To Buy Redemption problems
Has anyone had experience trying to redeem their HTB loan? I have followed the process as requested by completing the application form with an approved independent RICS survey report showing the house valuation with supporting evidence as to how that valuation was worked out. I received my redemption statement from HTB…
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Can I remortgage shared ownership with arrears ?
Hi I have a shared ownership since 2008. I have always paid for the rent and though they made a mistake as I moved out of the UK and continued to pay by Direct debit via HSBC and had the right to rent. They did not update me quickly enough on the increase of the monthly rent that was greater than the mortgage with Leeds…
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Bank of England holds base rate at 4.75% – what it means for your mortgage and savings
The Bank of England has held the base rate at 4.75%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings. Read the full story: Bank of England holds base rate at 4.75% – what it means for your mortgage and savings If you haven't already, join the forum to reply.
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Additional borrowing for debt reconciliation
Any tips or experiences We have £500k house with £116 mortgage that renews rate due jan 2026. We have incurred debts to approx £40k plus we'd like home improvement £15k. We're treading water with high cc interest rates no missed payments fair credit rating etc just maxed on credit so this additional borrowing would…
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House renovations
Hi all, New to this forum so not sure if this is the best place to post this, but I'm looking for some thoughts/ideas/views. We've just sold our first house and bought a larger property, due to moving area the new larger property was only £10k more than we sold our first home for. The Financials of the purchase were, we…
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Lower capital reduction
Sanity check needed from mortgage pros please As interest rates were increased in the last few years obviously monthly payments increased. My question is should the amount of capital reduction each month decrease surely this should remain constant as a minimum Many thanks
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Disadvantages to having multiple mortgages?
The fixed rate on my mortgage (~40k) ends in a couple of months. In the next year or two I'm hoping to do some extensive renovations which will require me borrowing more money. I could just go onto the SVR in the interim, but that works out quite pricey if I stay on it for any length of time. The cheapest option is to jump…
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Self Build home with no NHBC
Hi all, I have recently completed an individual self build home. As I had all intention to live here forever I didn't feel an NHBC was worthwhile. I am now looking to sell and move in the next couple of years but am aware I may have an issue with buyers securing a mortgage. I have seen conflicting information and even some…
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Mortgage application with Barclays - Nov 2024 - New Build Home
I applied for mortgage for a new build home by Persimmons in Livingston, Scotland. Appl Date : 11 Nov Valuation Req: 13 Nov Actual Valuation by visiting property : 18 Nov Now I'm waiting for the mortgage offer after valuation review. Does anyone know whether barclays undervalue new build home by Persimmons? How many days…
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Barclays Mortgage application 2024
Hello Just wondering if anyone has applied for a mortgage with barclays recently and what their timeline has been like? We applied via a broker on Friday so early days but interested to know how long the pain of waiting and the anxiety may last for!
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Good signs of a mortgage possibly being approved?
Hi everyone, so currently in the middle of a mortgage process. DIP received on: 26th NovemberSo to date: Mortgage application submitted on November 27th via my broker. Then Valuation took place 12th December. It is with a lender called “the mortgage lender”. Can someone give me some sort of idea as it is my first purchase,…
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Natwest switch deal rates
Hi, I have a Mortgage with Natwest. I switched to 2 years fixed at 4.76% in March. At that time existing customer switch rates were available on Natwest Intermediary site. However, since it has been removed. I have searched around and it looks Natwest do offer 3 diffirent type of rates at 60% Ltv but best rate is not…
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Remortgaging on a shared ownership property Dec 2024
Any tips on "shared ownership friendly lenders" that will allow further borrowing against a shared ownership property with equity for debt consolidation / home improvements? Just after the names of the lenders I can then follow up myself, many thanks
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Mortgage cleared told to contact solicitor
Hi so in Scotland and just cleared my mortgage and received a letter to confirm this, but at the bottom of the letter they state the following. Ask a solicitor to remove our charge- so it won’t hold up any future sale. i will not be moving or selling this home, so any help with the above?
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Stoozing Remortgage
Hi Everyone I am looking for peoples thoughts and experience on Stoozing and its impact on remortgaging. I have a mortgage renewal in December 2025 and I am currently stoozing around 6K, which I can use to pay off the balance of a credit card in Jan 2026 when the 0% offer expires. I am just wondering whether this will have…
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Mortgages and open banking
I am a few years off remortgaging and I have been reading about open banking instead of submitting bank statements. Is this becoming the norm? Do you have to use this or can yoi still submit physical evidence How far back can they searxh Appreciate any information
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Help please. Are we liable for stamp duty?
Hello, Thanks in advance for any help that you are able to offer. We seem to be in a fairly uncommon situation. Before I met my now wife, I owned a house. When we married, my wife moved in to "my" house. As the house was fairly small and we planned to have children, we considered that it was not worthwhile to add her name…
