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Overpayments - do they reduce mortgage term?
Hi all, I recently opened a mortgage with Halifax to buy my first house, and I am planning to contribute with overpayments. My understanding of overpayments is that they will lower the borrowed amount of money, hence lowering interests when calculated each month. All the overpayment calculators, therefore, show that by…
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Help deciphering underlease
Hi, Can anyone help decipher this underlease? The building in question is made up of 5 flats, but one of the flats solely owns the garden and I am trying to figure out if the garden stone brick wall, falls under the responsibility of the "Reserved Property" (i.e the entire property) or "The Premises" (i.e the flat). I am…
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Can I have a mortgage product with more than one provider?
I have a mortgage that is split into 3 sub accounts as a result of moving house and porting my previous mortgage. That part of my mortgage is soon up for renewal and I’m wondering whether I can move that part of the mortgage to another provider as I’ve seen better rates elsewhere or if I’m locked into my current provider…
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Uswitch issue
I signed up to uswitch but it’s started a mojo application. I have wanted to compare other lenders does this mean I started a new mortgage application? This is what the dash board says can’t seem to remove my details?
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Likelihood of mortgage - adverse
Hi there, Hoping some of the more knowledgeable folks here may be able to help. I’m asking on behalf of my son, yes he’s an adult and perfectly capable of joining and asking himself, but I know he’ll keep putting it off as he’s worried it won’t be great news. He’s late 30s, has had a tough time financially and as a result…
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Mortgage Product Transfer query
Good afternoon all My ex-wife has applied for a Mortgage Product Transfer with Santander and when I spoke to them, as I do not want this, they said as it is financially beneficial and as long as it does not cause any financial harm or detriment to me they can authorise the change with only her signature after 21 days – I…
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Mortgage application
So we failed a montage application as one of my wife’s pay slips was less due to a bereavement and a holiday. They said £5 grand deposit more would not be enough but they reckon £10 wouldn’t fail but can’t be sure. We managed to find 15 thousand more but having doubts will it even pass? Will we need another bank? If we…
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HSBC Rate Switch and Addttional Borrowing
Hi, HSBC Rate Switch and FA Application - Both done separately on same day by myself. Rate Switch Done and Fee added to balance. Further Advance was awaiting valuation, which is now complete, no issues. Same product for both. 4.74% Tracker. £999 Fee. Rate Switch to complete 1st July 2025. Further Advance offer letter is…
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Offset mortgage and the Ombudsman
I've had an interest only offset mortgage with Intelligent Finance for 20 years and it's been nothing but problems. Incorrect charges and charges that IF can't explain. For the past two years I've left the mortgage (£450,000) fully offset by the savings account (£451,000) to prove the point but IF is still charging…
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Fix mortgage for 5 years or shorter?
Hi I have a mortgage with Barclays. My fixed-rate rate is coming to an end, and I wish to stay with Barclays. I'm wondering whether to fix again, this time for for 5 years, but I'm not sure if this is the right thing to do. Initially I thought so - due to all the uncertainty in the world right now, I assumed the base rate…
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Picture home loans
Hi all i I am trying to remortgage my home due to being unable to afford current payments but cannot proceed due to picture home loans not send discharge paperwork to land registry on completion of loan - this was paid off in 2007 and picture home loans no longer exist as far as I know so any help in getting this removed…
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Closed accounts in my credit reports have old address - should I update these?
Hello, I'll be applying for a mortgage in a few months. I am going through my credit reports and I noticed that I have a few closed accounts (old credit cards, closed current accounts etc) which have my old addresses on, where I lived at the time of having those accounts. Do I need to update these closed accounts to my…
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Cohabitation Agreement
Hi everyone, My partner and myself are buying a home together. My partner is porting his mortgage and bringing with. We have been advised that if both our names go on the title deeds then I will have to be added by name to his mortgage as well although I won't be paying anything towards it. I'm obviously not too happy…
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Moved: parents are mortgage free, married 61 years, dad died last week, house is in his name
This discussion has been moved.
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Can't buy my husband out - options? Joint tenants, tenants in common, deed of declaration of trust?
Hi all, I have a 'joint tenants' 50/50 mortgage with my husband. We split up and the house is on the market but struggling to sell. There is hardly any equity and once it's sold and all fees are paid there will be around £15k left. None of this £15k is coming to me as my husband put most of the deposit down so we've always…
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Disabled facilities grant land charge
Hi, I wonder if someone can help me please. We had a disabled facilities grant a couple of years ago for my son to have a downstairs bedroom, he has recently been diagnosed with epilepsy and his OT has said he now needs a accessable wetroom built so another disabled facilities grant. There is already a land charge on the…
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Product fees
What am I’m missing - Why would you pay a product fee of £999 for a lower mortgage rate on a 5 year fixed rate if the total additional amount in monthly payments you would pay on the higher interest rate where no product fee is payable is £924. I’m paying £999 product fee so that I can save £924. Is there anything else I’m…
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Using existing home equity to buy a new home?
Hi, I own a property worth about £200k mortgage-free. If I wanted to move, but I wanted to keep the house I've already got (and rent it out), can I use the equity I have in it as a "deposit" on the new house? If yes - how would that work? As an example, Halifax reckon I can borrow up to about £385k; so if I sell this house…
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Buying into partners apartment / renting out own house
I own a property (~70% LTV) which I have recently rented out. I have consent to the let with the lender on my current repayment mortgage which is fixed until May 2027. I have move in with my partner. She owns her apartment with a friend who has now moved out. The friend put down the initial £40k mortgage and they split the…
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Paying deposit from different account than proof of deposit account
Hi all, Might be overthinking this, but worried about doing something wrong and delaying buying process. According to my solicitor I will be at the stage of sending my house deposit to them. I currently have my deposit stored in an Aldermore savings account. I have statements ready to send them to show where the money has…
