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Mortgage broker didn't chase us, now our application is late 😕
I have a query about mortgage brokers. We are currently applying for our remortgage now our 5 year fixed term is up for renewal. We used the same broker we bought the house with and started the process several months ago. He wanted a full credit report as well as all the other typical documentation. The credit report had…
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Need some help please on overpaying
Hi, I want to start overpaying my mortgage I owe 129000 with 31 years to go and have a fix rate for 5 years with Halifax. If I overpay monthly but keep the term the same will it effect me switching to a new deal in future with Halifax? What usually happens please. Thank you
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Mortgage company asking for landlords reference
I have submitted a mortgage application, the lender have come back with a couple of questions, The one concerning me is that they have asked for my landlords contact details to obtain a reference. In itself this should not be a problem as the rent has always been paid on time. The issue is, I have not yet told the landlord…
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YBS product switch - interest only
Tried to rate switch at end of my fixed term and it won't let me do it because I'm on interest only and apparently I have to have a whole appointment with their advisor to receive advice, including all the incomings and outgoings 🤷♀️ I literally am changing nothing at all with the term, the loan etc I just need to secure…
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Santader - Partial early repayment refund
In November 2020 I ported my Santander mortgage to a new property. I have recently received a letter stating that 'As you took your new mortgage with Santander immediately the early repayment charge (ERC) should've been reduced.' They have offered a partial refund of the ERC paid by me and 8% gross compensatory interest…
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Should we apply for a Mortgage?
Hi - we are 68 and 70 years old respectively. Our current Landlord has recently died and his buisness and homes are going through probate so we are waiting for either a considerable rent rise by the family or maybe a new owner if they decide to sell. We have been on a housing waiting list for 2-3 years and have applied for…
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Halifax carried out hard search on my credit report 11 months after initial application
I was wondering if anyone has any advice - I have checked my credit report today as I had an email alert from Credit Karma. We applied for a mortgage with Halifax in March 2024 but they declined as they wouldn't accept us moving from a joint mortgage to a sole mortgage in my name as they said in order to get the mortgage…
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Bluestone mortgage
Hi everyone Been looking through previous posts about Bluestone mortgages etc and it’s been really helpful. We have adverse credit by the way of defaults, a missed payment some late payments and we both took out credit spring to help us improve our credit rating with a view of getting a mortgage in 2 years. The credit…
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Endowment Qualifying status - Changing advice from Provider
I took out an endowment in May 1999. In 2013, I was considering cancelling the policy as it was performing badly, The Service Provider Friends Provident advised me that I could reduce life cover & remove critical illness (an optional part of the policy) as I already had these benefits through work. FP sent me quotes to…
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MSE News: Mortgage rates drop below 4% for the first time in months
Interest rates on fixed mortgage deals have fallen below 4% for the first time since November 2024 – but will rates come down further? We've spoken to four mortgage brokers to see what they think – and whether you should fix. Read the full story: 'Mortgage rates drop below 4% for the first time in months – so do brokers…
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Mortgage with late payments
Hello New to forum I would like advice / similar situation with others for some peace of mind situation is as follows. House currently on the market ( not sold ) ( x2 applicants ) This is be our 3rd move ( 1st mortgage - Barclays / 2nd Halifax /3rd Ported with Halifax ( current lender ) due to moving when the market was…
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2 Year Fix, 2 Year Tracker or 5 Year Fix
HSBC Exisiting Customer due to renew 1st July. 4.44% 2 Year Fix 4.74% 2 Year Tracker 4.39% 5 Year Fix I have currently applied for the tracker with the presumption it will be 4.49 or even 4.24 by July/Sept when I switch hence why I have avoided current fixes as the tracker will likely go below the fixes, if i were to…
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Help to buy scotland
Hi, we bought our house in 2014 we were offered help to buy which we eventually agreed to when we purchased the house in 2014 we paid £285,000 and used 20% help to buy which worked out at £57,000. we know wish to buy the 20% back which will now cost us £100,000 as we have have upgraded the property, i feel this is like…
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investing in parents house
Hello I have a bit of an obscure one. Last year I decided to sell my home, I'd been divorced for a while and just wanted rid of the house and the connection to my ex husband. So in October I sold it and had a pot of money. I live now in my parents three bed end of terrace with my three children 18/14/10. I am the primary…
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Mortgage overpayment - 2 year term
We are first time buyers, our interest rate is 4.44% and we are on a 2 year fixed mortgage over 25 years. In terms of overpaying, I understand that overpaying reduces the interest paid and therefore reduces term length however, depending on what interest rates are doing we aren’t going to be on the 4.44% interest rate…
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Mortgage for property next to a pub
We are trying to sell our house and it has fallen through 3 times for the same reason.....it's next to a country pub. Does anyone know of any lenders who will lend in this situation?? It's getting quite frustrating. Thanks
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Additional Borrowing - How it works?
Hi All, Been reading the forums for some time and always found the info provided useful. After some advice on how additional borrowing works. Basically I have a fixed mortgage (HSBC) with 2 years left, at an LTV of 30%. We are planning to undertake a significant house extension, with the need to borrow circa £170k. What I…
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Is this possible? (leasehold - short lease)
Hi all Remaining lease 68 years Cost to extend by 90 years - c£15k Mortgage balance remaining - £105k Property value as is - £167 (according to high street lender) Property value with extended lease - £200-210 (according to estate agents) My sister has come to the end of her mortgage deal with a high street lender and will…
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Service Charge, No Sinking Fund- Should I be worried?
Please, I have been greatly disturbed and would need advice under a very short period of time. The flat we want to buy has 1) £100 annual ground rent & £650 annual service charge. Q1? Is that fair amount on a one bedroom? 2) There is no sinking fund/Reserve. Though the last two years have a deficit of £1000 service charge…
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Adverse credit mortgage
Good morning all, I'm in a bit of a sticky situation with my mortgage. A couple of years ago, I was extremely lucky to buy a house at a reduced price from my Mum and Step Dad. The 40% gifted equity worked as my deposit, enabling me to get a mortgage of £155k (at 7.9%!) with UTB. This was on the premise I would be able to…
