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Remortgage - Just a simple renewal (Product Transfer)?
Hi, As my first ever mortgage renewal is coming up on the 1st June 2025 I thought I'd start thinking about what to do. I've had a nice low £360 a month mortgage payment for the past 4.5 years with my bank, Santander. I have made a decent amount of overpayments. Based on Santander's 'Compare Our Mortgage Rates' online tool,…
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Avoid early redemption fees
Hello, We are looking to pay off a significant chunk of our mortgage 200k of a 260k mortgage. Unfortunately we are only 6 months into our current deal and it only allows a 10% overpayment a year. Obviously we want to minimise the 5k early repayment but aware we are paying 1k a month in interest. Does anyone have any ideas…
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Remortgage due-switch both at same time?
Good morning. Our mortgage deal ends 28th Feb 25 and we currently owe 137,761 at a rate of 1.9%. Our ported mortgage also ends 31st May 25 and interest currently stands at 2.74% with 68,120 owed. All along we had planned to bring the two in line, so they are due to renew at the same time. However, I am conscious that rates…
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Regulated mortgage
I am starting the process of finding a regulated mortgage in order to buy a house to rent out to a family member. I thought a simple Google search would at least reveal all who provided such a mortgage. But no. I do intend to use a mortgage broker but wanted to be well informed 1st. Anyone know a short cut?
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First Mortgage Payment
Evening all, sorry if this question has been asked many times before but just asking for some thoughts. FTB new build and due to be given notice on Tuesday this coming week, which means I will complete 2 weeks later (17th December). I've asked my mortgage broker, but still non-clearer but wanted to check my if very vague…
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Mortgage deals - fix or not!
Searching mortgage best buys on MSE finds AIB as the top 4 rates, 3.79, 3.89, 3.95 and 4.05. HSBC UK next with 4.25, Leeds BS with 4.26. When I use the MSE mortgage calculator compared to the Mortgage providers offer the payment per month for the 4 of the AIB rates works out at £10 (£9 for 4.05 rate) per month more…
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Mortgage for FTB
Hello all, I am a first time buyer so very new to all of this. The mortgage broker seems to be fair. His rates are £490 however he is then claiming commission of £750 on the mortgage. Does this seem correct.
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Is a "bridging" loan the opion in this case? How/who/what or what else? Details in post.
Hi There, Apologies for the strange title - new to this so I'm not sure what the correct terms are. My situation in brief:* We plan to buy a house and have an accepted offer on it for 575k * The new house requires full refurbishement. We estimate 80-100k * Refurbishment time will be 3-5 months * We have an existing flat…
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Missed payments removal from credit file
Hi, I am looking to get a mortgage with my husband and we are looking at improving our credit file. In 2018 my husband's employer started making significant unlawful deductions from his wages. This became a regular occurrence. This led to the onset of my husband's mental disabilities (as defined under the Equality Act…
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To BTL or not to BTL, that is the question
Hello, We're planning to let to buy. Basically put our current property (a flat) on BTL mortgae and then buy a second home (a house). However, this is no longer as strightforward as we originally thought, especially with the stamp duty (SDLT) increates in October. At a glance: The flat: Estimated value 480k. This is purely…
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Can a mortgage lender withdraw a signed renewal product offer if you make an enquiry?
Can anyone advise on this? We have a mortgage renewal product due to start in January that we have signed (3.99% so not too bad at the moment) - but we know that we can change our mind before it kicks in. We were not able to secure additional borrowing which we wanted to be able to clear our credit cards with (not that we…
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Shared ownership / sole applicant
Hello! Looking for some advice really.For context, my other half (not married) has applied for a shared ownership property in his own name. Everything was going great & mortgage approved in principle as a sole applicant - informed the mortgage broker and the development owners it was 2 tenants under a sole mortgage and…
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Mortgage options for retirement
Hello, I am currently unemployed and 61 years of age with no children. I have a small mortgage of 19k (house is worth about £515K). As I have made over payments on my mortgage I am using this to live on which isn't ideal as my monthly payment are gradually rising (currently £250 pcm) I tried to sell my home to downsize but…
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ILR without a valid passport
Hello, my partner and I put down an offer on a house as a first buyer and got accepted for it a week or so ago. My partner is born and bred British, I am a foreigner on Indefinite leave to remain, which is a permanent settled status. The mortgage adviser we are talking to is unsure if it will be accepted by the lenders, as…
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Mortgage Overpayments Paid To Interest
Hi I have recently paid off my mortgage by making a number of large and small overpayments. I asked for a breakdown of the mortgage overpayments, and noticed that a portion of every overpayment was paid to interest and not to principal. Before making any overpayments I asked Nationwide how the overpayments would be applied…
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Remortgage with Barclays
I'm Remortgaging with Barclays which is my current Lender, I've applied for additional borrowing but Barclays is taking for ever constantly requesting additional paperwork. At what stage will they do a property valuation or would they not do a property valuation as it was done 5 years ago by their selves? Thank you all in…
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RTB and MIP without valuation
So we put in for the right to buy our council property at the beginning of November after hearing they were stopping the discount on 21st Nov. Not heard anything since so sent an email in to say they've received application but need a mortgage in principle. Here's where I'm stuck. How do we know how much mortgage we'd need…
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Help2Buy 20% - Pay them off with re-mortgage
Hey all, Any of u been through the process of paying off H2B ? if so, dont suppose you recall any/if you had to pay extra fee's when doing so ? 1st time buyer 4yrs 8mths ago, used Help the Government 20% scheme. Fixed term is coming to an end in a few months, so will need to remortgage to pay off H2B, and also secure a…
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Mortgage Overpayment
Hi. We currently have a mortgage outstanding of £34k approx. Our fixed term is about to end next month. With our current provider we can overpay up to 10% of the outstanding amount without incurring charges. We are looking for a provider who would allow is to overpay 20% or so without charges. Ive serached online but cant…
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Nationwide mortgage
My partner has been turned down by Nationwide when she tried to remortgage to get some money for home improvements. They said it was because I had a dro 3 years ago. We do not live together and have absolutely no financial links. There's no financial link on either of our credit reports. She has almost 250k equity in the…
