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Best way to borrow - residential vs. landlord
As of early next year I will have two unmortgaged properties (solely owned by myself), one residential and one let out. I am an additional rate taxpayer. I may, later in the year, have a need to borrow a modest amount (maybe £30-70k on a max 15-20 year term) The most cost effective way to do so seems likely to be a…
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Property transfer Witness signature
Hi there, We are currently abraod and sellign our house in the UK. Does a witness needs to be based in the UK or is an overseas witness address acceptable?
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Self Employed Application with Underwriters
Am I missing something? My broker applied for a mortgage on my behalf, with Barclays on 22 July. As expected it went to the underwriters a couple days later and it has been stuck there ever since, with delays, requests for further info... today my broker decided - enough! And proposed that I apply to Halifax as she has…
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Mortgage & adding someone on
Morning My fixed rate mortgage is coming to an end in feb25, in that time i became a single parent and have been paying the mortgage alone ever since. I work part time with three young children and I am now going to be remortgaging which I no means my payments will more than likely go up and I don’t no if they will give me…
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Mortgage renewal - options?
Our mortgage deal ends at end of October. We're both self employed and getting a mortgage in the first place was :# It took some nifty accounting, which itself was costly, took ages and was a real stress. We're with Natwest and tempted to stay with them, unless someone else has a much better deal. We are obviously awaiting…
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20% LTV mortgage deals
I've got a low LTV % around 20% 14 years left on mortgage, Not sure I'm being given the best deals seeing I have 80% equity. Any links you can pass my way would be helpful as I've internet search the answers and not getting any real answers.
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End of Natwest fixed term.
Hi. When my Natwest 2 year fixed term ends in a few months I wish to move to the standard mortgage so I can overpay without restrictions. After I'd like to return to another fixed term. My question is . Will the new fixed term offer be the same , as the one offered before I temporarily move to the standard ? House is…
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Nationwide mortgage overpayments
Hello, If I overpay on my mortgage with nationwide, the limit before any charges is just under £11k per year. Do I have to provide source of funds for the over payments eg bank statements, ISA statements? Is it something I need to get a solicitor involved in to make the payment? Thanks,
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Using Pension Pot to secure a mortgage
My situation is that I am recently divorced and I need to purchase a house for myself to live in. I am 60 years old with no earned income. My day to day spending needs are taken care of by an income stream that includes spousal maintenance for a few years followed by a defined benefit pension which will then be augmented…
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Mortgage declined travel
Hello I have been declined for my full mortgage offer due to “travel expenses” the past 3 months. This was with hsbc. I have been on holiday 3x so can only think maybe it was taxis to the airport? I am definitely not over the average of spending on travel. I also don’t know exactly what they mean such as petrol/insurance…
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Mortgage declined by Barclays for a vague reason
Hi, We got a letter from barclays saying that our mortgage offer is declined by audit/risk team due to 'commercial risk'. They have done a physical valuation survey and approved the valuation. Credit score is excellent/good on all credit agency platforms (experian, equifax, transunion). Both applicants' affordability is…
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going on mortgage with gf need advise
Type your messageHello there me and my partner are looking to go in on a mortgage together on a house she already has a mortgage on and need advise of how we can do things fairly , I met my partner 2 years ago and a few months later after the sale of her old house with her ex ,she purchased a property and asked me to move…
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First time mortgage - 'adverse credit', advice needed!
Hi, I am looking to buy a place in January, I'll have around a 10% deposit. However, I have two defaults - 1 expiring in March 2025, and the other end of June. Stupidly, they were payday loans - and I haven't cleared them as I have been in the process of unfair lending claims etc, and they contain obscene interest amounts…
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Bank Statement Requirements for Mortgage Application
Hello, I am in the middle of the process of a house purchase and I am providing proof of source of funds to my broker. My parents contribute to part of the deposit and one of the accounts involved in the trail of funds is a passbook saving account (I know it's not common in the UK but it's still used in where I come from).…
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Kent reliance Shared ownership Mortgage with defaults
Hello. We have applied to buy Shared ownership newbuild , which will be built next July. We have some adverse credit history , couple of late British gas payments and 2 silly defaults ( didn’t pay for 2 months and then paid everythjng off in one go, that was 1 year ago , me and my husband got 1 each). It was hard to get…
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Anyone had successful appeal over underwriters decision?
We have been refused offer after 4 weeks waiting for it, all our circumstances were disclosed at the DIP stage. Only were refused because of "poor banking", as we had 1 DD returned in October, this didn't cause a late payment and we had thousands in savings on another account, we have around 6 accounts, so it's just a…
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Mortgage SVR higher than personal loan rate
Maybe I'm just behind the times, but is it normal that the SVR on mortgages would be higher than the unsecured personal loan rate for the same provider? Example Nationwide - they just sent me a marketing email offering me a personal loan at 6.1%, but their current Mortgage SMR is 7.74% - seems a bit strange that you pay a…
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Two addresses and electoral roll
For ten years I flipped between two different addresses in two different counties but was with the same employer. One of those addresses is my parents house where my bank accounts and credit information is held. The other is linked only to my previous job I.e wage slips/p60. I then moved officially to a new address in 2022…
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Expiring Mortgage Offer - Risky Re-Valuation - Please Help!
Hi there - sorry in advance for the length, it's a bit complex -- I've been buying a house with a single-skin brick extension housing the whole kitchen; the extension is the reason a lot of valuers will not recommend for lending. Some lenders such as Accord (who I had an offer in hand for another property from, received…
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Mortgage query? Two part mortgage - pay off one in full?
Hello, I am hoping someone can reassure me that I am making the right choice. We are very fortunate in that we are about to inherit approx 80k. We have two mortgages on one property. Part 1 is £123,209.56 at 1.59% interest until April 2025 with 20 years and 8 months remaining 5% early repayment charge and allowed to…
