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HSBC Declined Mortgage
Hello We have sold and had an offer accepted, we had a decision in principle and have just submitted our full application with HSBC (porting a good fixed rate so don't want to move lender). HSBC have straight declined the application and will not even put it in front of an underwriter. The reason they have stated is…
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Santander 'Flexible/offset' mortgage - removed key 'show me' feature that made it useful !!
Hi folks, wondering if anyone else affected by this, or just me. Its infuriating. I have a flexible, offset mortgage with Santander , have held on to it through 2 houses, and its been a great, flexible product... i love (d) it !! Until today.. For those not familiar - these products allow you to treat your mortgage…
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FEE FREE MORTGAGE BROKERS?
I am looking for recommendations for a Fee FREE Mortgage Broker who can provide advise for me with a default. I had 2 (1 disputed). Thank You
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Interest only overpayment advice
Have an interest only sub account of £100 000 which I would like to overpay. However I'm under the impression that no matter what I overpay, I'll always have that balance. Can someone advise in layman's terms? Any help will be appreciated thanks.
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Money set aside for Stamp Duty - Should I pay down debt instead?
Hi All, Expecting to submit our application for a mortgage this week, but wanted to get some opinion on what to do with some 'spare' cash. Bit of background. We're buying a new-build that is just about ready to move in and the house-builder is our cash buyer as part of a part-ex scheme. So, we expect things will move…
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Shared Appreciation Mortgage Any Contacts for Fighting One
Hi there Does anyone know of any solicitors who will take a Royal Bank of Scotland SAMs on? Or any other advise? Got a huge paper trail with all details from last 28 years. Anyone had success or know if they open to offers? Thanks in advance
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Any experience with SAM (Shared Appreciation Mortgages)?
I appreciate this is a very niche question. I'd never heard of a Shared Appreciation Mortgage (SAM) until about 4pm today when we discovered my In-Laws have one on their property. Very simply, in the very late 90's Barclays and Bank of Scotland produced this product. It predated Equity Release and appears to have been…
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A buy to let being repossessed with a negative equity
So long of it is I have my own house which I am selling to buy into my partners home it would be a 60/40 split to my partner and we wouldn’t have a mortgage. I currently have a buy to let that hasn’t had a mortgage payment for over two years. Mortgage company not helpful so I’ve handed the keys back. This mortgage was an I…
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Remortgage
Hello all, So my husband has just been made redundant. I have lot of CC debt. I thought we could remortgage from 2nd of February (6 months early) but it turns out that we need to wait till April (4 months early). We are with Santander. Also, I was looking at doing self managed DMP. How likely it is that in two months time,…
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2nd time buyer - port mortgage or pay ERP
Hi team, really need some advise. I'm a recently new first time buyer, however am now looking to move and sell and rebuy our second home. We currently have a 158k mortgage (5.5% on 25years) on a 275k house, the property we'd like to purchase would be £375k with no additional money to put in. Please help me understand what…
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Nationwide mortgage and self assesment
Currently self employed since April 23 and submitted self assesment for 23/24 tax year this week. If I submit 24/25 self assesment in April will that be enough for nationwide to take as income?
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Remortgage solicitor disaster
We’ve recently remortgaged and instructed our solicitor to pay off a loan and couple of credit cards. I’ve been checking my accounts and just felt uneasy on Friday so I asked them to send me a breakdown of what they’ve paid. They’ve only put a wrong digit in two of the accounts. I am frantic, it accumulates to £20,000.…
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Mortgage length / overpayments / overall interest paid
Does it make any difference in how much interest you pay if you take out a 28 year mortgage at 4.5% or a 35 year mortgage at 4.5% if it only ends up taking only 20 years to pay off the mortgage because of overpayments you make. I am not good with maths, so I am not sure. On the face of it I assume it would not make any…
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One year accounts courier driver mortgage. Is it possible
My issue is if anyone has some insight that my partner is a courier driver, before this he was a security guard and unfortunately was paid in cash end of a busy night so never built a paye history. He then moved from the city and started a new life, started courier work and will earn £40k a year. Has been self employed…
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Land Registry Form A Restriction & Securing Mortgage
Hi all. I have my own home (~£900K) with a £300K mortgage. I have a BTL property (~£325K) with no mortgage. I am in a long term relationship (>10 years) but not married. My partner is self employed and does not make substantial profit - hence title to both properties (and current mortgage) is mine alone. In recognition…
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Can't decide how long to fix for
I'm 90 days away from the end of my current fix which unlike many others is fortunately at a higher rate than the new deals I can choose from are however I really can't decide whether to fix for 2 years or 5 years this time. The 5yr fix is £20 less than the 2yr fix , 4.43% compared to 4.64% for the 2yr fix, same fee £1495.…
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Using Existing Credit Card While in Mortgage Application Stage
Massive worrier here! Me and my partner are currently waiting on our mortgage offer, I travel a lot with work and use my CC for work expenses e.g. fuel, which get returned to me at the end of the month once I put my expenses in. Will this affect our application?
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Santander mortgage
I've accepted a new mortgage deal on the app, but have heard today santander is cutting their rates Friday. Is there still time for me to cancel and lock in these better rates on Friday. My progress according to the app is shown below
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Stamp duty question
My wife and I are about to downsize from our family home to a smaller house. The family home and mortgage is in my name only but the new place and mortgage is in joint names. Because the family home is not classed as her main residence, my wife is being told we will have to pay second home owner stamp duty even though this…
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new mortgage - credit check advice
so want to move house - our dream bungalow has come for sale and we want to put an offer in we have 267k deposit ( equity ) and need additional mortgage for about 260k. a quick mortgage search with our combined income of 76k we can do this…we have literally just this week paid off credit cards, and due to me consolidating…
