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Transferring the mortgage from myself to my wife (Not divorce or separation)
Hi, I have a house worth £700,000 and a mortgage of £326,000 which is coming up for end of deal in Feb 2025. At the moment it is just my name on the mortgage. My wife sold her house and we are just considering A) if we remortgage and make it a joint mortgage are there any tax implications? I don’t think so, but seeing if…
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Nationwide Interest Rates - The Timing Seems More Than A Co-incidence...
Yesterday (23rd January), Nationwide announced interest rate reductions across their mortgage products, which is of course great news to people hunting for the best mortgage rates... well, maybe not all! Co-incidentally, yesterday's announcement came the next working day after Nationwide's cut-off point for exiting…
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Moving/Home Improvements Mortgage Advice
Hello All, We are looking to move to a new home which will involve a small increase in our mortgage. The new home will require some considerable home improvements - some more urgent than others. These will hopefully be financed by further borrowing. Would the advice be to just get a bigger mortgage and is this something…
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Mortgage and redundancy question
I was made redundant last week with immediate effect, with a pay in lieu of notice for two months. Today I received a letter that my mortgage deal is ending in january 2025 so a few months away. So wondering what to do. Am I legally obliged to immediately tell the mortgage company of the loss of employment? The mortgage is…
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Monthly payment reducing because of overpayment 5 year fix
I have 5 year fixed rate mortgage and made the 10% overpayment allowed. I called the provider to double check the 10% figure. All good. he then said that my monthly payments would be reviewed at end of year one and recalculated. Is this normal? Not made an overpayment whilst in a fixed rate before. I’d rather they left…
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Overpayments & Remaining Balance with First Direct.
We are about to remorgage with First Direct and have been offered 3.94% on a 5 year fixed and we would like this over 10 years. On their web site it say" Know with your first direct mortgage you can make unlimited overpayments towards your borrowing - but you might have an Early Repayment Charge if you repay your whole…
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Bad credit mortgage
Hi I’m a first time poster long time reader on here and over the years I’ve found it very helpful to read through. A brief idea of the situation I’m in is I’m in a situation where I need to buy a house the right house and for the right price has come up and I’d love to be able to buy it. But the issue I’m having is my…
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First mortgage payment help!
Hi My sellers solicitor has been really slow and we have only just got the LPE1 for the property that I'm buying, there's also some outstanding enquiries about gas, electric and windows. Unfortunately, the property needs quite a bit of work doing to it and I haven't budgeted for a large first mortgage payment (London rent…
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Halifax remortgage rates have increased after base rate reduction
I am about to do an extension on my property which requires additional borrowing on my mortgage. I checked the rates last month and the offer showed that I could borrow the money over 5 years at 4.3%. Now that the base rate was reduced last week i have checked again this morning and the same amount of borrowing is now…
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Bank of Ireland 60% LTVs suddenly not available
We have a buy-to-let with Bank of Ireland and I've been tracking on and off their 60% LTVs. Now that it is getting closer to my mortgage needing selected the 60% LTVs have disappeared, and this has been for at least a fortnight. I have rung them and they just said they don't know when they will be back, and this affecting…
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Skipton stress
It will be 4 weeks on Tuesday since my mortgage application was submitted. Last week they requested my tax year overview from 2023, which had already been submitted. Also a copy of my marriage certificate. It just seems to be never ending. My broker tells me this is normal for Skipton and “nothing out of the ordinary is…
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Remortgage dilemma
We are having to renew our 5 year fix and have. acouple of options. 1. Stick with Halifax, 2 year fix is £13,418 in the first year (£1118 x 12). I assume there are no fees and no extra costs. 2. Switch to Santander or Barclays 2 year fix, which is £12,850 (£1025 x 12 + £1000 initial fee). So by switching we'd save £550? I…
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Confused about credit card usage before mortgage applications- First Time Buyer
Hi all, I am a first time buyer looking to buy early/mid next year. I have just been looking through my account on here and am confused about conflicting information I am seeing on my reports regarding credit card usage. i currently have 3 credit cards with a credit limit of around £8k on each. My current balance across…
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Mortgage Advice - Fixed Rate or SVR
I was hoping for some guidance on the best approach to my need to remortgage in March 2025. * I'm in a fortunate position that come the end of March, I will have a mortgage of around £25k remaining. * My current job provides me with various incentive plans that are very generous and could potentially enable me to pay off…
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Worth getting a new valuation with lender following renovations?
Hi We moved into our house in Nov 2023, and for the following year have spent time and money renovating it. The house was in poor condition and needed thoroughly renovated, every wall/ceiling replastered, every room redecorated with new wallpaper/paint/carpets throughout. New Bathroom suit and boarded/tiled. New roof and…
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Equity Release??
Hello. I am thinking about doing an equity release, I've read a few things on line but to be honest I am more confused than what I was before. I think I get the gist of it.....in a nutshell you take an amount out of the equity in your home (I own mine outright so no mortgage) that amount is only paid back when either you…
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Multiple BTL mortgage applications
Hi there Can you do multiple applications at the same time and if so how does this work? Situation would be say you had a BTL property already. Look to release equity from this to purchase 1/2/3 new ones depending on costs etc... Would you do the remortgage first and then do the next applications for the purchases - if so…
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Bluestone mortgage application
Hi Has anyone got any recent experience of applying with bluestone mortgages? I am currently in the 3rd week and the stress is really starting to take its toll , the waiting is awful
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Mortgage recalculation after contract exchange and before completion - First time buyer
Hi, Following the interest rate slash by Bank of England I am curious to know if it is possible to have my mortgage offer recalculated to get a better rate? I am at a stage where I've completed the contract exchange and payed my initial 10% deposit and awaiting house completion which is likely by mid- December. Since…
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Santander Approved Application But Declined Property
We currently have a mortgage with Santander. We've decided to move to a slightly bigger property and opted to port our mortgage and take additional borrowing with Santander. Santander instructed valuation on the property which took place on the 17th of October. Then Santander did all of the credit checks and asked for…
