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Selling a house
We sadly had someone pass away in family how long would it take to sell house and money to go into bank. I believe it’s longer than a normal sale. Anybody had any experience as I had people say as quick as 3 months to aslong as one year.
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AIP Rejected then Approved
I recently applied for an agreement in principal from Yorkshire Building Society, where I currently also have a savings account. At the second attempt it was approved. However the first attempt was rejected due to something on my credit report and I was advised to contact Equifax. The only thing I changed between the first…
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Is porting our best option?
We’ve only recently thought of selling/buying a new house and were in no rush until our dream home came up on RightMove. Going off Zoopla, if we can get the mid range estimate for ours and knock the other house down slightly we will need to borrow an extra £60-70k ish to cover the cost of the house and stamp duty. We are…
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The Ultimate Mortgage Calculator discussion
Update 19 October 2010 We have spent the last few months expanding this, hopefully making it... erm, ultimate-er?! It has new calculators, including: - Offsetting vs Savings/Mortgage - How much can I borrow? - Compare 2 fixed rates - Should I save or repay mortgage? Would be great to know what you think, and especially if…
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Coventry Lending Criteria - Latest Year Net Profits Where Big Difference from Last Year
Hi, One for the mortgage brokers please! We are looking to take out a new loan with Coventry BS. I am a Director of own ltd co and they are one of the few lenders who'll consider most recent year share of net profit before dividend and corporation tax when looking at affordability. According to their lending criteria,…
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Remortgaging to Move Home
Hi, We will be coming to the end of our five year fixed-term with Santander in January 2026. We are considering remortgaging to borrow more in order to pay off our HTB loan (worth 20% of the house value) and to upsize from our current property. If we were to remortgage six months before our term is due to end, would we be…
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Declaring spend when borrowing more money
I've built up some decent equity on my house and want to dip into it to borrow some more money. My current provider wants me to state what the money will be used for. A large proportion of it will be to consolidate other debts and then the rest will be spent on home improvements. However, they state in the application that…
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HSBC Remortgage Rate - Might as well go on tracker?
Renewal is due June. Mortgage is currently 165k 4.28 2 Year Fix. 35 Years. I overpay regularly. 2 Year Tracker available is currently 4.99% 2/3 Year fix is 4.4%ish. Both £999 Fee. If I renew the tracker now, and set a switch date of June. It is 0.24% above BOE currently. So I anticipate will be potentially 4.25+0.24 by…
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Mortgage DIP's AIP's
When looking at your ability to borrow/affordability how guaranteed can your DIP be ? We have had a offer accepted and now just waiting for our vendor to get an offer accepted. I'm now just possibly overthinking the mortgage. My main concern is I'm self employed (with 20 Plus years history), but all I hear is "SE ,oh that…
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Early repayment advice
We have two mortgages and I think doing any early payments on the bigger mortgage will be better off in long run, any advice welcome. Mortgage A: This is our residence, approx 140K left, 4%, remaining term 14 years Mortgage B: Rented, approx 40K left, 4.5%, remaining term 9 years.
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Barclays 'overpayments balance' mortgage
My wife and I are 4 years into a 35 year mortgage, which started at £240,999 at 2.99%. We've been overpaying for awhile now, both lump sum of 10% and monthly overpayment. I've just got our latest revised payment notice, as we've increased our overpayment again and I wanted to check my understanding of something. The…
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Can I avoid early repayment charge if I take out a new loan with same lender?
Hi all I have a loan with TML and a hefty ERC which doesnt expire until 2028. I am looking to buy a new house and cannot port my mortgage unfortunately however I could take a new loan out for higher amount with the same lender (TML) Is there any way I can get my existing lender to agree to waive the ERC if we take out a…
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pension/LISA in lieu of principal?
Hello, I have just started a mortgage, but a couple of things has just occurred to me * an MSCI world tracker fund is very likely to outperform savings over the time horizon of a 25 year mortgage * stocks and shares can be bought with an effective 25% addition (in the case of a LISA) and 66% by adding to my pension. The…
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Mis sold Barclays Sam’s Mortgage
Has anyone else been mis sold a Barclays Sam Mortgage? Around 15 years ago my mum and her partner went to Barclays to arrange a 15K loan, however they were quickly talked into taking out their Sam’s Mortgage with the idea that they wouldn’t have to pay the money back until they had died. So an agent went to my mums…
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Mortgage with defaults
Hi, I posted on another area previously. I have seven defaults just being registered totalling £15,000. Not something I'm proud of but I struggled work wise to maintain a job I was happy with. I had to make the decision to put myself first. I have a flat which is worth £220,000. Only had a mortgage of £39,000! I want to…
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Tenants in common
Hi, My partner & I bought a right to buy council house with 50% discount, we have it as tennants in common, unfortunately my partner passed away earlier this year & has left his share to his son. His son wants me to buy his 50% share, there is still a mortgage on the property & a pre emptive clause with the council as we…
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Santander online servicing of flexible mortgage
I see Santander are the latest to revamp their online servicing, breaking their systems in the process which means I can no longer make transactions online. Why don't IT departments test their work before it goes live?
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Let’s Fix Again…
What are people doing at the moment with remortgaging? Three years ago I fixed (and by god I wish I’d fixed for 5 or 10 years but I know if my gran had wheels she’d be a bike etc). Now I’m up for remortgage with a 55% LTV and I have no idea how long I’ll be living here but in all likelihood at least three years and maybe…
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Preserve accumulated ISA when buying a house
My wife and I are currently renting and have just over £1m in capital that we we would like to use to buy a home next year. About £400k of that is in ISAs that we have built up over the years. We need to use all our money for the home purchase (London!) but I would like to preserve the accumulated ISA wrapper. I’ve looked…
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Remortgage - standoff - any advice appreciated
Hi, I’m currently 4 months into a remortgage where part of the objective was to clear the remaining help to buy and consolidate some debts. After 4 weeks of referring to an amendment with the lender, finally the solicitors have now provided further detail. The lender has made it a condition to pay off the debts first…
