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Metro Bank - Mortgage Application - Beware Excessive Processing Times/Poor Service
Having been faced with a section 21 in September we made a mortgage
application to Metro Bank through an advisor (I’m 61). It took over four weeks for Metro to decide
they didn’t like one of the applicants zero-hour contract even though over a two-year
period 2023 and 2024 the P60s show consistent earnings for a zero-hour.…
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House repossession
Hello, my husband and I are split up but not divorced, I have marriage rights/home rights on the home which the mortgage is in his name only, to gets home rights taken off we agreed I get £60k when the house sells, but he is no longer paying mortgage and it looks like it will get repossessed, house value is £550k and…
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Birmingham Midshires Contact Number?
Does anyone have any contact info for Birmingham Midshires please? I have a joint mortgage with an ex partner who hasn't provided me with any details for the last 13 years and I'm trying to get in contact with them to see how how much is owed on the mortgage prior to seeing a solicitor this week. The previous numbers and…
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Old buy-to-let Shortfall
At the time of the Financial Crisis of 2008, I had a number of buy-to-lets which for various personal reasons, including the death of my wife in an accident, I could not keep up repayments on and these were repossessed. The mortgages were with Mortgage Express (Part of Bradford and Bingley). Subsequent to this, I had the…
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Need to find £70k for house purchase - money locked up
Thanks for listening... in summary and context: I'm buying a second property, deposits and all necessaries proceeding with mortgage offer in place, with purchase due for completion by end of November. But, just discovered that some of my funds are locked away in a fixed rate savings account with no early withdrawal until…
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Product switching hack/fee
I have until March 2026 on my current mortgage rate of 1.85%. We've paid about half of it off since taking out the product, no overpayments. I see that our monthly payments would be a lot less now if we were on a new product at 4.16%. Couldn't believe it at first, then realised this is because it's calculated on the…
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Unarranged overdraft / missed payment on credit report
Hi, if you’ve ever had an unarranged overdraft or missed payment / account in minus and it’s on your credit report once, will you struggle to ever get a mortgage? Will this mean lenders won’t ever give you one?
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Halifax - drawing down deposit, timescale
Hello My buyers' mortgage is with Halifax. I am racing to get to exchange by 30 October (at the latest) but last-minute problems mean we may not get the price and completion date agreed between us until 23 or 24 October. I'm worried that the buyers' deposit may not be available in time for us to exchange by 30 October as…
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Remortgage/Additional borrowing advice poor credit
I am looking for some advice and help and my question probably crosses a couple of forum topics. My wife and I bought a house together 3 years ago with a fixed rate joint mortgage and have 2 years left. The money for the property came from selling my house and rental property with a good deposit (35%) and i left funds for…
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Coventry Building
We have received a DIP with Coventry Building Society via a Broker, I can see Coventry Building Society have conducted a soft credit search and ID check from my Equifax credit report. We have now submitted a full application, we only needed to supply our p60s and 1 months wage slips. Do Coventry Building Society manually…
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How best to pay off my share of tennants in common mortgage
Morning. I am about to receive some money which I always had earmarked for becoming mortgage-free. I have a 50:50 tennants in common mortgage with my partner. We have so far paid equally both for deposit and payments. Is there any way to pay off half the remaining mortgage and have proof that I own outright 50% of the…
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5% Mortgage ending 2025 / Labour Freedom to Buy Scheme
Hello There! My name is Abbie (28) me and my husband are looking at buying our first home in October 2025. I am aware that the 5% mortgage scheme ends in June 2025. I know that Labour is introducing a new scheme called 'Freedom to Buy'. Could anyone tell me if this is a similar scheme/ Would we still be able to buy a house…
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Mortgage rate switch complicated
I recently switched my mortgage rate. They have come down again and I would save £35 a month by switching again. I still have time before the current rate runs out. They said just cancel the switch and reapply. However I lost my job after switching the first time. Money is not an issue atm as I received a settlement. But I…
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Mortgage query
Hello Hoping someone can answer a question I have. A few months ago I renewed my mortgage deal which is due to start from the first of November. However, since then I have put my house up for sale, sold it and had an offer accepted on a new home. The move in date is the 29th of November. Usually, the equity would be used…
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Mortgage v Pension
I am coming off a fixed mortgage deal in December and the options I have are around the 4.2% level. I am also old enough (57) to withdraw some of my pension. The question is, should I draw some pension and pay off some of the mortgage, or carry on as I am, paying into a pension and also a mortgage?
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Overpayment to reduce mortgage term requires a contract variation and fee - worth it?
Hello everyone. I have searched for this topic on the forums here and have found some useful information, but am still looking for a bit more guidance. I have a mortgage with a smaller lender (Marsden Building Society), and was fortunate recently to save enough for my first overpayment (at the maximum 5% per year allowed).…
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Mortgage fee vs no fee when overpaying
Hello! I wondered if anyone could help me please. My mortgage is up for renewal and I'm trying to work out if I would be better off paying £999 for the lower rate? I think ( although I'm probably wrong) the no fee rate will cost me £1500 more over the 2 years. (Likely to move after 2 years so not looking at the full term…
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Separation - estate agents / landlords refusing me as a rental tenant due to being named on mortgage
Currently going through a separation and want to move out and rent. Hitting issues with estate agents / landlords refusing me as a tenant due to being named on mortgage. Some saying I need to be either removed off the mortgage or house sale needs to be proved? Anyone any experience of this and have advice of how to…
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Income tax on 2nd home for parents to live in
I'm looking to buy a second home, not a buy to let, a standard mortgage. I pass the affordability checks and have the 25% deposit, plus stamp duty etc. Thave two options: * Have the mortgage solely in my name. My parents send me money every month to cover the cost of the mortgage payments. Will this incur income tax? Or…
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Stupid Question on How Much I Need to Borrow
I think I may have mis-calculated here. We're selling. I can port my mortgage to the new property. Mortgage left is £100,000. We sell our house for £200,000. House we're buying is £350,000. Does this mean I need a mortgage of £150,000? Boring bit: I originally thought it was going to be £250,000 as we'd use the £100,000 of…
