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Confused by mortgage decline
I just wondered if anyone in the mortgage industry ie a broker could shed any light as to why this decline might be the case. Its a buy to let I own. Value £130 Mortgage 66k I asked for further borrowing of £23k for home improvements at my own home which they said was fine. The LTV is fine. However, its been with the same…
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Overpayment to end mortgage - N'Wide
I have been overpaying my Nationwide Mortgage for some years and the end is now in sight. I am allowed to overpay 10% of the original loan. Once I get into my new overpayment year (from 1 Feb 2026), my overpayment allowance will be greater than the outstanding balance. Any Early Repayment Charge would be 4%. But the terms…
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Advice on re-mortgage/change of product
Hi everyone! I’m just looking for some advice/a check on my plan. I currently have permission to let my property from my lender with the agreement that when I’m at re-mortgage time I move to a commercial mortgage. My deal ends on the 1st April 2026. To do up my house I accrued about £28,800 of debt. I’m paying that off and…
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Reducing amount required for re-mortgage but confused by latest letter from conveyancer
Hi I am currently re-mortgaging my property. Currently with Atom and as of today £98671 left on mortgage with last payment due in November. I was successful with getting a nationwide mortgage and decided that I wanted to pay a lump sum of £67,000 to reduce the mortgage further and now have a mortgage offer agreed of…
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Mortgage porting query
Hi all Struggling to get my head around whether to port or not to port…. Our house is on the market with around 150k equity. We are fixed with Nationwide for another 4 years and have £175k outstanding on the mortgage. We are looking to purchase a house of £425k with 75k from the equity and using the rest of equity with…
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RBS One account changing to use their app
Hi all, currently got a One account that is switching to using RBS for app and online banking access. I’ve registered and logged in but can only see the mortgage balance and transactions to the main account - not of the additional pots are visible or usable. Is anyone else going through the change and seen what I must have…
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Adding spouse to BTL remortgage - SDLT?
I own a single BTL property in my own name. My earnings (PAYE) is slowly creeping up to the point where earnings plus rental income will take me into the 40% tax bracket. My wife currently earns a lot less. If we split the rental income 50/50 I would avoid the 40% tax. If I decide to remortgage and add my wife, will she…
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mortgage application
Hi everyone, My broker submitted TSB shared ownership mortgage application a couple of days back and told me its pre-approved subject to property valuation. Its a new build house from So Resi. For those who’ve gone through this recently, could you please share your experience on: * How long it took for TSB (or other bank)…
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excel mortgage calculator
Hi - a few years ago I downloaded an excel spreadsheet someone shared on here where you could punt your figures in and it would let you know all the things you might need to know re your mortgage - I cannot for the life of me find it now and wanted to do some comparisons. Does anyone know the file I'm talking about? I've…
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Two mortgages or one?
We currently have our family home mortgaged at around 50% LTV and a second dependant relative mortgage mortgage on the wife's mother's home (she was stung by an interest only mortgage). The interest rate is slightly higher on this second mortgage but we could potentially pay this off early by taking equity out of our…
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Lifetime mortgage quotes
Is it better to obtain more than one mortgage broker to give quotes for a lifetime mortgage?
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Remortgage - self employed
Both myself and my wife have left the education sector after twenty years. My wife in 2022, me on 31/8 this year. Our 5 year fixed-rate is coming to an end in February 2026. As I have no proof of current income, I am assuming remaining with our current lender is the only option. I would just like to know if that’s how it…
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What's the equivalent of foreclosure in the UK?
Was watching a lot of stuff about the 2008 housing crash recently and I find it all quite interesting. It kinda passed me by at the time I was in my 20s and also didn't own a home or anything and basically I wasn't interested :-). Is the jist of a foreclosure simply that the lender gets the house back, sells it, then takes…
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will cooperative check I'm still employed for new fixed deal with them
I have a mortgage with Cooperative which is coming to an end soon. I have recently gone self employed. I am booked in for a mortgage advice appointment with them to look at the rates available to me. They have sent me a Pre-appointment Mortgage Questionnaire and it asks about my employment. Will they check if I say i am…
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Mortgage got 31 months left but need new rate.
So my mortgage has only just over 3 and half years left til its paid. But my current deal ends in 6 months. Is it worth remortgaging or should I just fix with current provider? But if I fix with current, their offers are for 2 year or 3 year, so how would that work?
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Discharge standard security Scotland
So I've paid off my mortgage. Confetti rains down ! The problem I've got now is to create an application to discharge the standard security from the lender with Registers of Scotland. I've asked the lender to send a letter of discharge saying we've paid off the mortgage but they have said no. I don't want to waste money on…
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Regular Mortgage overpayments - Do I have the logic right or wrong?
Going to over-pay to reduce the term of our mortgage – but how and when? That is our question/puzzle. Heres our deal/position M47, F41 1 child (F8) House ‘value’ 300K Mortgage 108K, 17 years fixed @ 3.28% (Monthly repayments £658) Current balance 94K, 15 years fixed @ 3.28% so paid-off at M62, F56 Child F18 A few years…
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Negative equity and debt concerns
Hello, I have a small rental property in Bradford which, in around 5 years time, looks likely to be reaching the end of its mortgage term around 50-60k less than the value of the mortgage. It's only a small studio which was sold to me off plan and I naively dived in as it was sold to me as a cheap deal (100k) in an area…
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Mortgage/repossession/declaration of trust
Before I write an essay..are there any posters with experience on the above?
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fix coming to an end - do I stay or do I go?
Hi all, My 5 year fix is coming to end with HSBC and the rates they are offering are around 4.19% with no fee but, after looking at the MSE comparison, there are several places that can beat that with the best rate being 4.08% with no fee (or practically no fee -- it says its £35).. My question is would HSBC match that to…
