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Remortgage and Transfer of Equity issue
Grab a stiff drink, sit down and strap in... this is going to be a bumpy ride! Background; I bought my house back in 1995 on a joint mortgage with my wife. We had budgeted for everything that we could imagine (Martin would be pleased!) and she agreed to pay me £400 and then everything would come out of my account. This…
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Remortgage process
I'm in the process of going through my very first remortgage. My current deal expires on the 31st of January, so this week, and I'm not sure if I should have had confirmation/any communications from the new mortgage provider/conveyancers to confirm that everything is in order. I have a mortgage offer from FirstDirect and…
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HTB and Remortgaging What To Do?
Hello everyone, I know there have been a number of posts regarding HTB and
paying it off or leaving separate but I struggle with all the numbers so I'm hoping
to put in my situation here for advice. The mortgage I took out was £168,499 fixed for 5 years at
1.56%. That ends in June 2025 The HTB amount was £72,000 This means…
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AIP v Final Offer
Hello, Looking for some advice please. My husband and I engaged a broker and gained an AIP for £243k in December 2024 and were advised that when our credit files updated (as we had cleared a lot of debt), this would likely increase. We reapplied Mid Jan and our broker advised this had increased to £255k. We found a…
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Mortgage and debt repayments
Hi all, my Wife (35) and I (39) are potentially and unexpectedly potentially being gifted a house deposit. Here’s where the problems start!! My wife and I have had debt that we are paying off.. 2 loans one for £484 and £320. (Long story short I retrained in my career 3 years ago and took a substantial dip in salary and…
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Mortgage term ends in 18 months!! Unable to extend with current Mortgage provider
I have separated from my ex and moved into a property that I own but had previously rented out. The property I moved out from was due to exchange but fell through at the last minute a few days after I moved out. The term on the mortgage of the property i now live in ends in 18 months and the plan was to use my capital from…
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Calculation Confusion
Overpaying Mortgage: Halifax Currently £99,958 at 4.49% for 19 years Overpayment allowed for yr = £10,021 Monthly payment - £650 Am I better overpaying in small lumps throughout the year (to make up the £10,021) to 'save on interest' immediately (term only gets adjusted at the end of the year) or Just pay the full £10,021…
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Taking out finance through Novuna before house completion?
Hi, We are currently going through the process of buying a house, it's dragging on a bit due to some unforeseen problems and slow communication from the sellers' solicitor. We have until 9th March before our current mortgage offer expires. I recently completed my probation period at work and have since received perks…
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Overpayments and bank reducing monthly payments
So in 2022 i took out 16 Yr mortgage, fixed for 10 yrs. Halifax are clearly not liking me making my allowed overpayments as they have reduced the monthly payments. I have now submitted claim to the FOS following the banks refusal to go back to the payment we both agreed in 2022 when agreeing to terms. I can see from other…
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Building Loan Brokers
Hi all, I'd really appreciate any thoughts on if there's a way other than random online searches to find out which mortgage brokers specialise in banks and building societies in England/Britain providing house building loans? And what would one need to know to select the right mortgage broker in this situation?!
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How much can I borrow?
I know I can get a mortgage in principle to find this out, but my broker has advised me to wait until we find a house that we want. The problem with this is, I have no idea what house I would be able to afford? I already own a home which is sold STC, and based on simple maths of earning £50,000 per annum I could get a…
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Second mortgage for shared ownership (when staircasing to 100%)
Hello all, We would like to get an advice regarding to getting secong mortgage for the remaining shares so we can staircase to 100% (when it becomes freehold). Currently we have a mortgage for 60% of shares with West Brom at favourable rate of 3.66%. However West Brom is suggesting that we won't be able to keep this part…
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Remortgage due with house on the market
Hi, My remortgage is due at the end of January, which i fixed a few months ago with my current bank incase rates went up again. Obviously rates have come down so I'm curious what the best way to go is given our house is currently on the market. Do I remortgage at the cheaper rate with current bank (not the best on the…
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mortgage DD set up but broker unaware of mortgage status. help!
currently buying my first home. I have already received notification from my bank that my mortgage provider has set up a DD from my bank account and I assumed this meant it was all going through, as I figured that they wouldn't bother setting up a DD unless they had approved the mortgage. However, today I contacted my…
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Right to Buy Nationwide
Morning Applying for a mortgage with The Nationwide so no deposit needed. Just a small £50000 mortgage. How many months bank statements will we need does anyone know. Thanks 🙂
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Timber Frame Equity Release
Hi all, i hope someone can help. I am thinking of purchasing a property in Scotland. On the home report it says the property is fit for mortgage purposes. On further reading it says the walls are 'load bearing timber frame with painted render externally'. The property was built in 2015 and is in excellent condition. i…
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I'm not a first time buyer but my partner is
I already own a property but am buying a house to live in with my partner (we're not married). Obviously, the stamp duty is much higher because I already own a property and just looking at ways to reduce that. Could we just buy the property in my partner's name so we benefit from the stamp duty relief that gives? It would…
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Personal finances during a hot war
Just wondering, for no particular reason, what typically/historically happens to your personal finances during a war? For example WWI/WWII. In normal times we are generally expected to go out and work, and then use that money to pay the bills, so what happens if we end up off fighting in another country? How do we pay the…
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Can I live a little while mortgage application in?
So I'm currently trying to get a mortgage though nationwide I'm at the point where they have took all my financial details a hard search was done last month. Nationwide are coming out to value my house next week so I'm assuming within next two weeks it'll be a yes or no.my question is will booking a holiday before or after…
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Mortgage Default and unresponsive ex-spouse
Hello everyone, Im hoping some of you might be able to help me with a tricky situation. Some background: Property purchased in 2002 Remortgage in 2009 Current Settlement Figure: 130,000 Current Value: 240,000 I purchased this house with my ex wife; we had no children and separated in 2011. Divorced in 2020 (yes I waited a…
