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Remortgage dilemma
We are having to renew our 5 year fix and have. acouple of options. 1. Stick with Halifax, 2 year fix is £13,418 in the first year (£1118 x 12). I assume there are no fees and no extra costs. 2. Switch to Santander or Barclays 2 year fix, which is £12,850 (£1025 x 12 + £1000 initial fee). So by switching we'd save £550? I…
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Confused about credit card usage before mortgage applications- First Time Buyer
Hi all, I am a first time buyer looking to buy early/mid next year. I have just been looking through my account on here and am confused about conflicting information I am seeing on my reports regarding credit card usage. i currently have 3 credit cards with a credit limit of around £8k on each. My current balance across…
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Mortgage Advice - Fixed Rate or SVR
I was hoping for some guidance on the best approach to my need to remortgage in March 2025. * I'm in a fortunate position that come the end of March, I will have a mortgage of around £25k remaining. * My current job provides me with various incentive plans that are very generous and could potentially enable me to pay off…
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Worth getting a new valuation with lender following renovations?
Hi We moved into our house in Nov 2023, and for the following year have spent time and money renovating it. The house was in poor condition and needed thoroughly renovated, every wall/ceiling replastered, every room redecorated with new wallpaper/paint/carpets throughout. New Bathroom suit and boarded/tiled. New roof and…
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Equity Release??
Hello. I am thinking about doing an equity release, I've read a few things on line but to be honest I am more confused than what I was before. I think I get the gist of it.....in a nutshell you take an amount out of the equity in your home (I own mine outright so no mortgage) that amount is only paid back when either you…
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Multiple BTL mortgage applications
Hi there Can you do multiple applications at the same time and if so how does this work? Situation would be say you had a BTL property already. Look to release equity from this to purchase 1/2/3 new ones depending on costs etc... Would you do the remortgage first and then do the next applications for the purchases - if so…
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Bluestone mortgage application
Hi Has anyone got any recent experience of applying with bluestone mortgages? I am currently in the 3rd week and the stress is really starting to take its toll , the waiting is awful
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Mortgage recalculation after contract exchange and before completion - First time buyer
Hi, Following the interest rate slash by Bank of England I am curious to know if it is possible to have my mortgage offer recalculated to get a better rate? I am at a stage where I've completed the contract exchange and payed my initial 10% deposit and awaiting house completion which is likely by mid- December. Since…
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Santander Approved Application But Declined Property
We currently have a mortgage with Santander. We've decided to move to a slightly bigger property and opted to port our mortgage and take additional borrowing with Santander. Santander instructed valuation on the property which took place on the 17th of October. Then Santander did all of the credit checks and asked for…
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Anti-fraud restriction. I need a conveyancer to witness my mortgage deed signature in London.
Hello I'm in the process of remortgaging and I have an anti-fraud restriction on my title. I need a conveyancer to witness my mortgage deed signature and produce a certificate for the bank's solicitors. If you are in London and had to go through this, who did you use and how much did it cost? I'd rather go direct to…
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Santander demanding Employee ID and account numbers
I applied for a mortgage with Santander. Sent them a wageslip but greyed out my Employee ID - that's none of their business. All they need to see is I'm employed and that the salary figure I stated is accurate. Also sent them a savings account statement for proof of funds, showing that it coincided with the sale of my…
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Interest only mortgage - elderly parents
Hi. Mum & Dad moved 'north' a little while ago and an exploring moving back down 'south'. Unfortunately, they need about £70k. Suprisingly, despite approaching their 80s, they can get a £40k mortgage over 10 years. They are, therefore, £30k short. We are not really in a position to help them. They are against equity…
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RIO mortgage
Posted on another thread and some suggested a RIO mortgage broker may be able to advise..... Hi. Mum & Dad moved 'north' a little while ago and an exploring moving back down 'south'. Unfortunately, they need about £70k. Suprisingly, despite approaching their 80s, they can get a £40k mortgage over 10 years. They are,…
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Advice needed on getting a mortgage with adverse credit.
Hi please can I get some advice on what to do next? I have put in the right to buy on my property and now I have my valuation back I have contacted a mortgage adviser but they can not offer me a mortgage as I have adverse credit on my credit report. Is it impossible to get a mortgage with adverse credit?
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Staff Loans
Hi. Just wondering if anyone knows how staff loans are considered when looking to remortgage. Every year I take advantage of the interest free staff loan through work. I currently pay back £291 which is due to finish in January. My next one has overlapped and first payment starts in November until Oct 25. I have just put…
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Want to be Mortgage free
Mortgage has 10 year 11months to run. Just fixed for 5 years at 3.99%Plan is to over pay and be mortgage clear in 5 years. Mortgage is £760.00 / month over payment of £650.00. I’m only allowed to make overpayments of 10% each year, does this mean my overpayments will need to be reduced accordingly as the mortgage capital…
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Helping my elderly neighbour with an equity release
Hey all My neighbour is in his late 70s. He is a freeholder/leaseholder (i.e., he is the shareholder of the company that owns the freehold of the block, and has a 900+ year lease on the individual flat). He has no outstanding loans against the flat. The flat is worth around £450,000. He has a state pension of around…
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Moving to SVR due to pending sale
My house is on the market, I am planning to move and buy a new place. I have had a couple of offers but am holding out for a better one. My fixed rate ends this month, I am not planning to buy a new product to avoid the complexity of porting and having two mortgages. This means I will switch to a SVR of 8.5%. I can put…
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Voluntary surrender and terminal illness
Hi, I realise that no-one here can give legal advice. I am looking for people's experiences and opinions. My 90 year old Dad is in serious negative equity on his property and has just moved to a nursing home with terminal cancer, estimate 3 months to live. The lease is under 70 years and the property has damp issues. It is…
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Mortgage Application- issue with rent account statement
I was previously entitled to Universal Credit and they paid my rent directly in arrears. Since may i was no longer eligible and have paid myself however my mortgage application is has been declined by Kensington because of this solely. Its states on the Gov website it is paid in arrears so i have asked my broker to go back…
