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What are my best options regarding a mortgage?
Hi everyone! I'm wondering if anyone could help me figure out what my best options are for moving home. I currently own a home with an ex. We joint own it, so when we sell it we will be splitting the profit 50/50. At the moment it looks like my profit will be £70k. Potentially a little bit more, but let's just say that. I…
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Separating from partner - mortgage situation
Hi all, I recently found out that my wife has decided to pursue a relationship with another person. Currently, my wife and I are still living under the same roof with our two young daughters. The house is mortgaged under both of our names, and we have only a joint bank account where all our wages go in, and all the bills…
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Undischarged paid up mortgage with Abbey National
We are currently trying to sell our house we bought 40 years ago but registry check by lawyer indicated our mortgage (paid off decades ago) had never been discharged. Our lawyer has told us we need mortgage account number to have it discharged but hours on the phone to Santander (who took over Abbey national) plus a…
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Is there a chance this will cause mortgage offer to be withdrawn
I've recently had a mortgage approved with Nationwide but 20k of the 25k deposit required is coming from Gifted deposit which was not mentioned on application. Solicitor have just informed me that they need to seek approval from Nationwide for this. Gifted deposit is from family member and solicitor is happy with…
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Equity release
I am looking to buy a new house but currently have about £22k on credit cards. If I sell my current house and pay off the existing mortgage I will be left with around £200k. Can I use some of that equity to pay off the cc? What I would like to do is free up £45k for cc payment and money to cover the costs of moving. I…
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Mortgage deal ended
Afternoon. Just looking for some advice. My mortgage deal has finished with NatWest so I haven’t taken out a new deal. It’s gone up by £200 so I need to sort a new but I am looking to out the house up for sale in Jan and hopefully move. What’s the best mortgage deal to go with as I will probably need to change or switch…
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Buying a flat for son to pay mortgage on
Our son will be moving to London in September for a new job. We are wondering whether it might be a good idea for us to buy a flat, using the equity in our home (c. 300k), and he pay the mortgage. We are retired, and have no mortgage. He won't be able to get a mortgage for a couple of years, as his income won't be…
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Help To Buy Redemption problems
Has anyone had experience trying to redeem their HTB loan? I have followed the process as requested by completing the application form with an approved independent RICS survey report showing the house valuation with supporting evidence as to how that valuation was worked out. I received my redemption statement from HTB…
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Can I remortgage shared ownership with arrears ?
Hi I have a shared ownership since 2008. I have always paid for the rent and though they made a mistake as I moved out of the UK and continued to pay by Direct debit via HSBC and had the right to rent. They did not update me quickly enough on the increase of the monthly rent that was greater than the mortgage with Leeds…
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Bank of England holds base rate at 4.75% – what it means for your mortgage and savings
The Bank of England has held the base rate at 4.75%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings. Read the full story: Bank of England holds base rate at 4.75% – what it means for your mortgage and savings If you haven't already, join the forum to reply.
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Additional borrowing for debt reconciliation
Any tips or experiences We have £500k house with £116 mortgage that renews rate due jan 2026. We have incurred debts to approx £40k plus we'd like home improvement £15k. We're treading water with high cc interest rates no missed payments fair credit rating etc just maxed on credit so this additional borrowing would…
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House renovations
Hi all, New to this forum so not sure if this is the best place to post this, but I'm looking for some thoughts/ideas/views. We've just sold our first house and bought a larger property, due to moving area the new larger property was only £10k more than we sold our first home for. The Financials of the purchase were, we…
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Lower capital reduction
Sanity check needed from mortgage pros please As interest rates were increased in the last few years obviously monthly payments increased. My question is should the amount of capital reduction each month decrease surely this should remain constant as a minimum Many thanks
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Disadvantages to having multiple mortgages?
The fixed rate on my mortgage (~40k) ends in a couple of months. In the next year or two I'm hoping to do some extensive renovations which will require me borrowing more money. I could just go onto the SVR in the interim, but that works out quite pricey if I stay on it for any length of time. The cheapest option is to jump…
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Self Build home with no NHBC
Hi all, I have recently completed an individual self build home. As I had all intention to live here forever I didn't feel an NHBC was worthwhile. I am now looking to sell and move in the next couple of years but am aware I may have an issue with buyers securing a mortgage. I have seen conflicting information and even some…
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Mortgage application with Barclays - Nov 2024 - New Build Home
I applied for mortgage for a new build home by Persimmons in Livingston, Scotland. Appl Date : 11 Nov Valuation Req: 13 Nov Actual Valuation by visiting property : 18 Nov Now I'm waiting for the mortgage offer after valuation review. Does anyone know whether barclays undervalue new build home by Persimmons? How many days…
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Barclays Mortgage application 2024
Hello Just wondering if anyone has applied for a mortgage with barclays recently and what their timeline has been like? We applied via a broker on Friday so early days but interested to know how long the pain of waiting and the anxiety may last for!
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Good signs of a mortgage possibly being approved?
Hi everyone, so currently in the middle of a mortgage process. DIP received on: 26th NovemberSo to date: Mortgage application submitted on November 27th via my broker. Then Valuation took place 12th December. It is with a lender called “the mortgage lender”. Can someone give me some sort of idea as it is my first purchase,…
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Natwest switch deal rates
Hi, I have a Mortgage with Natwest. I switched to 2 years fixed at 4.76% in March. At that time existing customer switch rates were available on Natwest Intermediary site. However, since it has been removed. I have searched around and it looks Natwest do offer 3 diffirent type of rates at 60% Ltv but best rate is not…
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Remortgaging on a shared ownership property Dec 2024
Any tips on "shared ownership friendly lenders" that will allow further borrowing against a shared ownership property with equity for debt consolidation / home improvements? Just after the names of the lenders I can then follow up myself, many thanks
