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Mortgage & gambling
Just need some advice re getting a mortgage and some gambling transactions through a competition website. My husband and I are porting over our existing mortgage with Natwest and applying for a new mortgage on top of this as we are moving. Our mortgage lender has asked for 3 months bank statements however the past month or…
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Buying my council home
So I'm trying to buy my council home. With my discount applied I need a 71k mortgage I'm buying it alone.my mortgage advisor just applied for a mortgage with nation wide last night for me. All they asked for was two months payslips two bank statements and proof I get pip.i keep an eye on my credit report and there's no…
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Purchase of property
Hello all. Please bear with me as It's quite over whelming at the mo. We sold our property. We have put an offer in for the place we would like to purchase. All was accepted. We have had a survey done. The surveyor has pulled a few big things. It's been 8 weeks or so for the seller to provide any paper work, certificates…
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equity release effecting share in house
Looking for some advice My father owned half his house 50/50 with his partner. My father recently passed away and i have inherited half the house. In his will it states that the occupant (his partner) can remain in the property until she passes away or decides to sell, at which point i will inherit half the property value.…
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Can I get a mortgage while on a DAS?
I’m currently 1 year Into a 4 year DAS. i know getting a mortgage will be slim to none but my long term partner and I are looking into it. i have a lot of disposable income now and my partner and I have around £30k for a deposit. can we get a mortgage using my income aswell as hers but not be on the actual mortgage? any…
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Equity Release In part owned property
My sister and myself own a property, all paid for - we are both in our late 50s. I want to sell, my sister want to remain in the property. Due to an illness, she is on universal credit and has no employment or savings, so remortgaging or buying me out isnt possible. To save the upheaval of selling, she has suggested she…
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Endowment Advice
I took out an endowment investment many years ago to use to repay my mortgage, long before the whole controversy over endowments. For most years the insurance company gave me a red signal that my investment payout would be on the low side. It paid out a year ago and it was on the low side but better than I thought. Today I…
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2, 3, or 5 year fixed rate?
Hi, I'm re-mortgaging soon, wondering what your thoughts are on which duration to go for, 2, 3 or 5 years? The rates get cheaper the longer you fix for, but this suggests rates will fall during that time. Do I pay the premium now for a shorter term and hope rates do fall, or take the "secure" route with 5 years? Wondering…
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Nationwide… Journey
Hi we found our perfect home and had an offer accepted. Our broker submitted our mortgage application to Nationwide after doing lots of affordability checks on 25/11 - we got a confirmation text at 6pm that night and noticed that hard searches had taken place. We got a text yesterday morning about a valuation being booked…
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Mortgage Insurance and overpaying
Hi, At the minute I don't have mortgage insurance but thinking of getting it. We overpay our mortgage and hope to have it paid off within 10-15 years, is it still worthwhile having mortgage insurance? Thanks
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Fix at 3.79%?
Standard and annoying what would you do/predict the future question I know... BUT... Good idea to fix for 5 years at 3.79%? My current rate is 1.79% I know at the moment 3.79 is a good rate, and anything could happen in the future. But my outstanding balance is high at £410k so fixing at the wrong time for too long could…
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Clearing mortgage - The process
Good afternoon all, I’ve searched the forum and found some useful bits so thank you but one bit I am confused about with regards to clearing my mortgage. my current mortgage deal ends 1/1/25 and I am intending to clear the balance and pay it off in full. I spoke to my lender, Halifax and they told me that I can cancel my…
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Do 5% deposit mortgages really exist ?
After a little inquiring it appears that lenders expect a family member to deposit 10% into a savings account to be held for a few years when only a 5% deposit is available. If i keep searching will i actually find a lender that will be satisfied with just a 5% deposit and not requiring family help?
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Property Ownership
I shared a property with my ex-partner (who has recently passed away). When we split I moved out of the property but continued paying the mortgage. After I stopped paying the mortgage (as I could not afford to pay rent and the mortgage) it was agreed through a separation agreement with solicitors that I would transfer my…
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Mortgage after debt - any experiences?
Hi everyone - first time poster but long time reader! Looking to see if anyone had any advice or tips after being in a similar situation in order to be ‘mortgage ready’. I was in about 70k worth of debt and totally mismanaged it, credit scores were double figures at one point. I’ve worked very hard and have now got the…
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Remortgaging to buy a new home UK/Ireland
I have a flat in London (halifax residential mortgage with a consent to lease agreement and tenants, rate increased to 7.8% and I have 20% of the property value left to pay off). I recently moved to Ireland and have found a property I really want to buy. I want to sell the London flat but won't be able to do this…
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Halifax Mortgage with a Default
Hello everyone, I’m looking for some advice on a tricky situation I’ve found myself in with a mortgage application. I applied with Halifax and was initially approved for a £500k mortgage at 90% LTV, being told I had an A1 credit rating. During the process, I informed them about a past issue with my credit, and they assured…
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Reduce payments now Offset mortgage calculation
Hi, I'm looking for people with offset mortgages experience that could explain a discrepancy in payment reductions upon offsetting. We have an offset mortgage with Accord and I was trying to work out the reduction in monthly payments after offsetting. It turns out my calculations and any other online calculation platform I…
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Joint mortgage after separation help
I have recently separated from my partner and we have a joint mortgage together. Long story short we only bought the house 2 years ago and I am not yet in a position to buy him out. We have a separation agreement in place and the deeds have been changed so I am 95% and he is 5%. He is insisting on paying 5% of the mortgage…
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Remortgage - Just a simple renewal (Product Transfer)?
Hi, As my first ever mortgage renewal is coming up on the 1st June 2025 I thought I'd start thinking about what to do. I've had a nice low £360 a month mortgage payment for the past 4.5 years with my bank, Santander. I have made a decent amount of overpayments. Based on Santander's 'Compare Our Mortgage Rates' online tool,…
