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Halifax appeal process
Hi, desperately after some help...our situation is quite complex but we went for a remortgage with Halifax and underwriters turned it down yesterday of what I would class as small items in the grand scheme of things....I want to appeal but just found out the process is done in writing with no time frame! You wouldn't even…
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Skipton mortgage off sick
Hi. I've had a mortgage offer with Skipton. I'm almost at the completion stage. The thing is, I'm not well and have been signed off sick for 2 weeks. This will decrease my income as I only work part time anyway as a carer. Will this go against me when I am finally ready to complete? I'm not sick often and if I could work I…
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Confused about overpayments with Virgin Money
So let's say we currently have a contractual mortgage payment of £1500 a month, on a mortgage worth £320,000 (I've changed the figures) fixed for 5 years with a total term of 23 years. Currently we are overpaying £500 a month (this figure is true), all paid via direct debit on the 1st of the month. As far as I am aware,…
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Remortgaging a hone I own outright during renovation
Hi, this is my second thread. The first dealt with the builder fraud that got us in this situation. I won't go into that here but feel free to catch up on it here - https://forums.moneysavingexpert.com/discussion/6520523/builder-refusing-to-communicate-or-work#latest The situation is now that we are £60k into our job with…
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Better formally trussle
I’ve used these guys for my mortgage application that was submitted 4 weeks today. I wondered if anyone else had used them, I’m seriously started to think the length of my application is down to them. Delays in requesting and submitting documents, requesting documents from myself that I’ve already submitted to them. I’m…
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Bank of England cuts base rate to 4.75% – what it means for you and how much further it could fall
The base rate has been cut to 4.75% from 5% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates... Read the full story: Bank of England cuts base rate to 4.75% – what it means for you and how much further…
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Stamp duty nightmare!!
Hi, just need to know where I stand on stamp duty. I have been advised that I may have to pay the higher rate as I stupidly decided to get married last year after 20 something years together! I am looking to buy out my sibling of an inherited house (after a massive inheritance tax bill!) I have never owned a house, but my…
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Kent reliance mortgage zero hour contract?
Hi all, we are just about to apply for our mortgage with Kent reliance but my hubby is on a zero hour contract, does anybody know if Kent reliance accept this? I am the main applicant but we need his income included to cover the amount we need. Has anyone on a zero hours contract had it passed by them? I just don't want…
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Transferring the mortgage from myself to my wife (Not divorce or separation)
Hi, I have a house worth £700,000 and a mortgage of £326,000 which is coming up for end of deal in Feb 2025. At the moment it is just my name on the mortgage. My wife sold her house and we are just considering A) if we remortgage and make it a joint mortgage are there any tax implications? I don’t think so, but seeing if…
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Nationwide Interest Rates - The Timing Seems More Than A Co-incidence...
Yesterday (23rd January), Nationwide announced interest rate reductions across their mortgage products, which is of course great news to people hunting for the best mortgage rates... well, maybe not all! Co-incidentally, yesterday's announcement came the next working day after Nationwide's cut-off point for exiting…
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Moving/Home Improvements Mortgage Advice
Hello All, We are looking to move to a new home which will involve a small increase in our mortgage. The new home will require some considerable home improvements - some more urgent than others. These will hopefully be financed by further borrowing. Would the advice be to just get a bigger mortgage and is this something…
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Mortgage and redundancy question
I was made redundant last week with immediate effect, with a pay in lieu of notice for two months. Today I received a letter that my mortgage deal is ending in january 2025 so a few months away. So wondering what to do. Am I legally obliged to immediately tell the mortgage company of the loss of employment? The mortgage is…
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Monthly payment reducing because of overpayment 5 year fix
I have 5 year fixed rate mortgage and made the 10% overpayment allowed. I called the provider to double check the 10% figure. All good. he then said that my monthly payments would be reviewed at end of year one and recalculated. Is this normal? Not made an overpayment whilst in a fixed rate before. I’d rather they left…
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Overpayments & Remaining Balance with First Direct.
We are about to remorgage with First Direct and have been offered 3.94% on a 5 year fixed and we would like this over 10 years. On their web site it say" Know with your first direct mortgage you can make unlimited overpayments towards your borrowing - but you might have an Early Repayment Charge if you repay your whole…
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Bad credit mortgage
Hi I’m a first time poster long time reader on here and over the years I’ve found it very helpful to read through. A brief idea of the situation I’m in is I’m in a situation where I need to buy a house the right house and for the right price has come up and I’d love to be able to buy it. But the issue I’m having is my…
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First mortgage payment help!
Hi My sellers solicitor has been really slow and we have only just got the LPE1 for the property that I'm buying, there's also some outstanding enquiries about gas, electric and windows. Unfortunately, the property needs quite a bit of work doing to it and I haven't budgeted for a large first mortgage payment (London rent…
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Halifax remortgage rates have increased after base rate reduction
I am about to do an extension on my property which requires additional borrowing on my mortgage. I checked the rates last month and the offer showed that I could borrow the money over 5 years at 4.3%. Now that the base rate was reduced last week i have checked again this morning and the same amount of borrowing is now…
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Bank of Ireland 60% LTVs suddenly not available
We have a buy-to-let with Bank of Ireland and I've been tracking on and off their 60% LTVs. Now that it is getting closer to my mortgage needing selected the 60% LTVs have disappeared, and this has been for at least a fortnight. I have rung them and they just said they don't know when they will be back, and this affecting…
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Skipton stress
It will be 4 weeks on Tuesday since my mortgage application was submitted. Last week they requested my tax year overview from 2023, which had already been submitted. Also a copy of my marriage certificate. It just seems to be never ending. My broker tells me this is normal for Skipton and “nothing out of the ordinary is…
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Remortgage dilemma
We are having to renew our 5 year fix and have. acouple of options. 1. Stick with Halifax, 2 year fix is £13,418 in the first year (£1118 x 12). I assume there are no fees and no extra costs. 2. Switch to Santander or Barclays 2 year fix, which is £12,850 (£1025 x 12 + £1000 initial fee). So by switching we'd save £550? I…
