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To change bank before mortgage app
I'm going to remortgage next year and am aware I shouldn't apply for credit in the run-up, but would a bank account switch be a bad idea now? I am not overdrawn with my current bank, it would purely be to benefit from cash back on bills paid by DD and a better savings account rate.
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Remortgage stamp duty
My son and his girlfriend bought a house and the split up. She didn’t want anything to do with house just her share of the deposit . My son had to remortgage because you can’t take a persons name off the mortgage. He paid the mortgage and could do quite comfortably on his own but the mortgage company wouldn’t give him the…
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Renewing insurance after bereavement
Taking on family home of 40 years plus and looking at my decease parents insurance they were paying a ridiculous amount £1300 per year. My first investigation got this down to £800. 4 bedroomed end terraced house on a council estate which they bought. Problem is when asking about materials they ask about brick and there is…
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Remortgage/new purchase advice needed please!
Hi all, I currently have a buy to let property and my own residential property which I live in. The house I live in is currently mortgage free, I plan to remortgage it using a buy to let mortgage for a LTV of 75% and purchase another property in which I will live in. I will need a small residential mortgage too to cover…
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Paying lump sum before remortgaging
I will be re-mortgaging at end of Nov - looking at 5 or 10 yr fixed moving from Atom at 1.4% for last 5 years. I have paid my overpayment allowance every year but I have around £30k I can throw at the mortgage to reduce from £100k to £70k. How would I go about paying this lump sum towards the mortgage given I have gone…
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Interest Only Mortgages and age restrictions.
I was wondering if anyone can help with this at all and advise if this is a general rule? I've just gone through a new product selection at the end of a fixed rate, I've gone onto a tracker as that doesn't have any penalties as I'm going to be moving in the next 6 months anyway. As part of the discussion I asked about an…
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Paying mortgage on my own after abuse/divorce
Me and my
husband have recently separated after he was violent to me on two separate
occasions as well as other things. He was arrested and I am receiving support
from the relevant authorities. We have a
joint mortgage and a 16 month old son. I want to
divorce him and I am entitled to legal aid to do so. My main
question…
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Age limits on residential mortgages
Hi, I am going to be applying for a residential mortgage soon, I am currently employed and have my own business. Are there any age restrictions on residential mortgages? I am currently 60 and being told by a mortgage broker (L and C) that a 10 year term is most likely the maximum I can take, which pushes the monthly…
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Should my husband contribute to my mortgage
Hello all Really interested to get thoughts, I purchased a house 2 years ago, I was married to my husband at the time but for reasons I won't go into it was rocky. As I purchased the house from a relative they gave me a reduction in price which my mortgage advisor put down as a deposit. When things relationship wise worked…
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Making a lump sum payment against my mortgage
I'm in a position to be able to make a lump sum payment against my mortgage. I have the sort code and account number for the mortgage, do a make a payment to that account or a transfer?
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MORTGAGE ON AN OFFICE CONVERSION
I am selling my flat through an estate agent to downsize. It is a great flat that has attracted loads of viewings and is on the top two floors of an office conversion done in the 1970s. We got a buyer for whom the broker attached to the agent has been trying to get a mortgage. Unfortunately the buyer had put that it is…
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Agreement in principle, surprised so low
I recently got an agreement in principle which was less than half of what the Rightmove calculator had indicated I might be able to borrow based on my income. I put down that I had £500 in commitments, which is all my bills excluding food. Some of them I could get rid of though. Would paying off all my debt and staying out…
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Aldermore and final checks
Wondered if anyone knew if Aldermore do any final credit checks or anything before completion? They’ve already done 2 hard searches as the application took so long, so wondered if they would be doing a third?
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mortgage rejected base on CCJ in 2022
Today my wife and I applied for a mortgage for an extension to our home. We have no debts, no outstanding credit card balances, and maintain healthy bank account balances. We are well within the affordability criteria. we are both on £90k+ I pay for Experian every month, and my credit report shows no missed payments and a…
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Aldermore mortgages/ experience with adverse credit
Seeking if anyone has had any similar experiences. I currently submitted my application with Aldermore on 24.03.25 and today 28.03.25 had the evaluation done. Aldermore came back with a couple questions with the application past address and one regarding a dmp which never crossed my mind as I’ve been paying it back for 2…
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Struggling with the wait
Long story short I’m almost 43 who has cleared almost 40k of debts in the last few years, I’ve also doubled my income by expanding my business and am finally in a position to buy a house. I applied last week through a broker and got an agreement in principal straight away with Barclays, I’ve sent everything off and am now…
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Mortgage after IVA
My husband and I successfully completed out IVA July 2024. It is due to come off our credit file next month. We are already off the insolvency register. Iva started July 2019. Has anyone any experience or knowledge of securing a mortgage post iva, particularly in regards to the percentage of deposit that may be required…
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Broker vs bank for a mortgage.
I've been offered a 10 year fixed rate mortgage at 3.99% with a £1,400 initial fee by my bank. However every estate agent is trying to push me towards going with "their" broker. I don't want to rule this option out but generally when one company is pushing the product or service of another company, it's to benefit the…
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What can I do with my mortgage/equity?
First time post! Hello I am 50 years old, married with kids. I have a property in my own name that I purchased before I was married. I have just under 7 years left on the mortgage with roughly 45,000k left to pay. Also have an equity loan/ second charge on it, which is repayable upon sale of the property, or sooner at a…
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Mortgage on split property
I am 64 years old and I have a small mortgage 62k that is coming up for renewal. I wish to borrow an additional sum £20k to build a conservatory. My current lender will only lend up to age 75 so I have applied to my bank for a remortgage to age 80. I have private pension income into retirement and everything has been…
