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Limited company mortgage accounts
Hi I am in the process of applying for a mortgage, me and my partner are directors of two limited companies. one company has been running for 10 years plus. the second has been running for 3 years. for the second company I have two years filed accounts. the third year accounts (ended yesterday) will not be completed and…
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Fixed Term Employment Contract
I am 4 months into a 1 year teaching contract. I am 25 years old and this is my first fixed teaching position. After university I was an agency teacher for 15 months before taking maternity leave (this was planned after university, hence not going into a permanent position) during maternity leave I was offered a teaching…
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6 months interest free
Can anyone help? We have a large mortgage (£300k) which comes to the end of its low % fixed deal in June. It still will have 20yrs to run and there is no scope to extend the term due to our ages. My husband is unemployed and I am considering asking to go interest only for 6 months. This would take us beyond the end of the…
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another mortgage over payment question
I have 224,563 with 15 years left. I am a higher tax payer. I paid an extra £3k last week on the mortgage with Nat West and they've reduced the monthly payment rather than the term. Is this still worth doing in the future or can I ask them to reduce the term? I've tried speaking to them, but it's all AI tech and on…
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Kent reliance - our story & timeline (mortgage with defaults and other issues)
Hello. Just wanted to share some positive news , as we've finally got our offer with Kent reliance, after been declined in January. Little bit of a timeline : 27/12/23 - Applied for a full mortgage 04/01/23 - additional documents 16/01/23 declined 27/02/24 - re-applied 08/03/24 - offer received A bit of a background - we…
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Fixed Term Payments within Term Length
Just had a look at your Ultimate Mortgage Calculator and found there is no way to calculate a Fixed Term (of 2 or 5 years) with the same mortgage company/bank within the period of a mortgage i.e. 15, 20, or 25 years. I understand that I would, in efect, be starting a new mortgage after the fixed term is up, however, the…
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Using existing jointly owned property to obtain new mortgage
Hi All, I have tried to do some research and just wanted to some advice/thoughts on potential options. The situation currently is: -Living with younger sibling and my partner. The property was gifted to my sibling and I, which we jointly own mortgage free. -Partner and I are a bit older and are looking at options so that…
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When can I remortgage?
Hi, I am new to mortgages and the house buying world. I have a 7.20% (don't ask.... Had major issues getting a lender due to bad debts/poor credit but it was just important to get one at any cost!) 35 year, 2 year fixed mortgage. The first payment was made November 2023 As of December 2024, I have made 14 repayments. I am…
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An unusual situation...
Hi everyone, I'm in an unusual situation where I want to buy a property (solely for me to live in) for £60k. I have £20k deposit and a decision in principle (from Nationwide) for a 4 year mortgage on the £40k (I'm 59 now). Assuming I'm able to get one of the mortgage products that allows unlimited overpayment and is not…
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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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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…
