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Shortfall balance payment demand from Hessonite
Up until Apr 2012 I had a mortgage with Northern Rock / NRAM. I switched at this time to a new provider. For some strange reason, in the process of changing mortgage provider I was refunded the final mortgage payment I'd made to NRAM (approx £1,000). I then also discovered that NRAM had not been charging me the correct…
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Need help calculating daily mortgage interest
Hi! I recently remortgaged, moving from Barclays to a new deal with Virgin Money. I provided all documents for the remortgage months ahead of time but the conveyancing solicitors (Optima Legal - avoid at all costs!) were useless. Completion took place 8 days after the Barclays deal ended meaning we spent 8 days on the…
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Home Value for Mortage
We have just purchased a property that the last owner had changed from a three bedroom flat to a one bedroom flat. They did this by removing stud walls to make an open plan area. The home report and the value of the property has therefor been based on a one bed flat. Since purchasing, we have reinstated the stud partition…
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Mortgage Rate dropped - new product due to start on 1st Aug
Hi all, Our mortgage is with Nationwide, and our fixed mortgage ends on July 31st. Last week (July 18th) after reading lots that the rates maybe aren't predicted to go down any further I applied for a new 2 year fixed online at 4.99%. I read articles (not by Natiowide) which stated you can apply for the rate at any time,…
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Mortgage approval chances.
Hello, I appreciate you reading my post and hopefully can offer some words of reassurance. Me and my partner are first time buyers, have a £25k deposit and had an offer accepted on a £250k home with a mortgage in principle with Nationwide. Joint Income: £67,000 (expected to go up to £70,000 in August 24) We are both in…
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Those remortgaging now, what rates are you getting?
Hi all, Nearly 2 months ago I secured a deal with Barclays 4.51% over 5 years with no fees. 43% LTV. This is due to start 01/09/24 however I keep seeing in the news that rates are dropping and wondered if this isn't such a good deal anymore? The mortgage broker company I used has liquidated since and I can't go back to…
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Precise Mortgages Process
Hey all, Just looking to see if anyone has been through a mortgage with Precise. I'm very anxious waiting going through the underwriting process. Currently we have had requests for work contracts, questions on account activity and we have had the valuation done on the property we want to buy. We have been told our case is…
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Is it worth using a broker when renewing my mortgage?
June 2025 is when my term ends. This will be the first time I'll be renewing my mortgage after buying my house 5 years ago.... I have 65% equity in the house. I have the best credit rating possible. I am currently with Santander and would like another 5 year term. I am not going to be doing anything until next year, but…
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How important is First time buyer status?
I'm 52. Never owned, always rented. In 2 years I should be in a position to get a mortgage on a 2 bed flat. However if I wait 2-4 years I might be in a position to get a bigger mortgage on a larger property, which is what I would be happier with. I know it's a long way out, but I'm self employed and have to plan far ahead.…
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Product Transfer rates
My current fixed-term mortgage (5.89%) is coming to a close and we're moving onto SVR (just above 10%) which will take our monthly payments from £589pm to £828pm. Due to some arrears we had on the account recently, we're having to hold out a few months before we can apply for a product transfer. From other people's…
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Can we remortgage our top up mortgage to a different lender?
Hello. I am hoping someone can help with this query. We have a main mortgage (circa £200,000) and a top-up mortgage (circa £45,000). The main mortgage is fixed at 2% interest until early 2026. The top-up is fixed at 3% until late 2024, and looks set to go onto 8% interest at this point, on the variable rate. We are…
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Help to move my mum!
I have no idea where to start with this question 😊 my mum at 82 has finally decided her house is too big for her and wants to move into an apartment with help on hand 24/7. I am utterly delighted and can’t wait for her to move! However she want to move into a very specific location, and when an apartment becomes available…
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Is there a way to take cash out of a mortgage without downsizing - under 55
I am trying to advise a friend who in summary has a mortgage they can't afford, and owes a private loan of about £10k to a relative. Plan A is to downsize by about £50k to reduce the mortgage payment, but my concern is that with stamp duty, legal and estate agent fees, that's a minimum of £10k of that lost in the move. I'm…
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Childcare Costs
Hi all. I’m looking to sell my current house and move to a larger property which better accommodates us as a family. I will be doing a sole application and have a question around childcare costs which I’d love some input or a steer on please! Currently, childcare invoices are in my name and payed from my account, however…
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Northern Rock mortgage
Listening to the news last night I was surprised to hear the item about the “mortgage prisoners” going to court. We took out a NRAM mortgage in 2006 and after the lender collapsed we were transferred to Landmark mortgages and have been with them ever since, luckily we’ve just managed to keep a roof over our heads. We also…
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Anyone had any success
I am coming to the last cpl of yrs on a 22 yr term mortgage. The ex hasn`t paid anything since he left. So approx 18hlf yrs. He has been working and had a large financial payout. So has had the means. He also left 5k council tax debt, mortgage arrears, 300 landline bill and had a hp car taken off him before he went. I want…
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Fixed rate or tracker rate?
Hi all, My 2-year fixed rate is ending soon and now I need to remortgage. The current 2-year fixed rate the bank offers is 5.88% and the 2-year tracker rate is 6.74% Rumour has it that the rate will go down this year but we can never know when and how much. Should I go for fixed rate or tracker rate? Any advice would be…
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Partner moving in how to sort mortgage?
Hi So I have a mortgage on a property and I have paid approx 40k off what I paid for it via deposit and a few years of mortgage payments. My partner is selling her property and we’d like to get her on this mortgage as a co owner so we both have equal stake in it. My question is: financially do I basically halve what I have…
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Lump sum or monthly overpayments
Hello, my partner and I have a mortgage with 185k still remaining. Redemption date is Jan 2044, current term ends Jan 2026. We have been left some money and would like to use 50k of it towards paying off the mortgage. Are we better off paying in one lump sum or monthly overpayments? Is there a reason why one would be a…
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10% Overpayment calculator
I'm trying to work out how you calculate the 10% over payment limit. Trouble with googling this is I get twenty different sites telling me what that will achieve but I'm trying to work out just how much the 10% is as all (nearly all) lenders will start to hit you with early repayment fees. What is the 10% of... Is it 10%…
