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5 yrs or 2 yr fix following rate drop this morning?
I'm going through an application with Barclays at the moment for a 2 year fixed rate, now at 4.43%. Wondering whether it's worth fixing for 2 years now or if I'd be better going for the better rate of the 5 year fix.
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Solicitor paid early redemption fee by error
Hi, I hope someone can shed some light on how to best solve my issue. We ported our mortgage with Natwest to our new house, we recently completed. With the porting, we do not need to pay early repayment charges (this is 1000% sure, this was confirmed by Natwest). We also raised a little additional mortgage to cover the…
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(Im)patiently waiting.....
Today is the one week anniversary since the in person house valuation happened 🎉😂 Excuse to eat some cake 🤔😁 Not that I need an excuse tbf 😂 I have to be the 'yhea, these things take a while' to hubby as he's worried that the NatWest mortgage tracker just says mortgage valuation in progress, and no dates about it being…
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unencumbered remortgage
Hi, I own a property without a mortgage and currently have a long term tenant. I would like to get a small mortgage to raise funds to buy a static caravan. Is this possible and what are the best lender?
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Declined Equity Release
Good afternoon all, My wife and I are 70 & 68 years old respectively and both retired. Our current predicament is that our mortgage term ended earlier this year leaving us with a £60,000 shortfall and we had decided long ago that we would go the equity release route to pay the shortfall off and a little extra for home…
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what happens with the mortgage when the sale falls through?
I managed to get a mortgage offer by Barclays but the flat sale fell through. My mortgage broker advised me to leave the mortgage as it is and when I find a new flat, she will submit a mortgage modification. I am wondering if that's the right approach. I got the mortgage offer 4 days ago. Will it be better to cancel it and…
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5 year fix ending 2025 - what will my current lenders AVR be based on?
my 5 year fix ends next year with Bank of Ireland. The property is worth about £225K and the remaining amount of mortgage will be approx £30K How will the bank calculate monthly amounts? The original figure from 5 years ago? ( when the property was worth less?) I'll be 63 next year and currently retired so what can I…
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Is this borrowing realistic or too much?
We have been looking at a property we like, but want to know if we can realistically afford it, how much more could we borrow? I’ve tried online calculations etc but getting confused by it all, seems even more confusing than when we were first time buyers! I’ll provide some further information, would really appreciate any…
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How much could we realistically afford?
We have been looking at a property we like, but want to know if we can realistically afford it, how much more could we borrow? I’ve tried online calculations etc but getting confused by it all, seems even more confusing than when we were first time buyers! I’ll provide some further information, would really appreciate any…
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Natwest Remortgage with 1 Missed Payment
I'm looking to remortgage with Natwest (moving from a different lender). However I've just had a missed payment applied to my credit file from Three for £150. The missed payment was due to the bill being much higher than usual due to being abroad, and not having enough in my bills account to cover it. Obviously it's my…
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Mortgage reserve
I have a mortgage reserve of £30,000 to pay of by the end of my mortgage in 9 years. I am paying some money towards it but the interest is extortionate so am only paying off some of the interest and not touching the capital. Is it better to consolidate reserve with the mortgage and pay everything off together or get a loan…
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Mortgage more than offer?
Looking at putting in an offer on a property, home report value £320k. Some work needs done, including new roof etc. Considering putting in a low offer to reflect this. However, Decision in principle is based on home value of £320k, with £32k deposit. If we did put in a low offer (say £300k), would we still be able to…
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Equiniti Gateway Service / Lenvi re-opening Help To Buy accounts already closed with Target HCA
Since Equiniti Gateway Service / Lenvi took over the administration of Help To Buy loans from Target HCA, did anyone receive charges/arrears from Lenvi, despite the account being fully settled with Target HCA (before the new contract handover on 16 Jun 2023, see the full story here…
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Timber framed construction for 1855 house
Hello, I am FTB with an accepted offer on 1855 circa timber framed constructed house. I got to know that it's a non standard construction. I am unsure on whether I should walk away or not?
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Low LTV rates Nationwide
This seems a bit odd but I guess they can do whatever they like... My mortgage is in two parts a large chunk that has another couple of years on a very low rate, and a smaller one that has a LTV ~7% (although the LTV of both parts combined is ~50%). This smaller one has just come to the end and I've moved to a tracker for…
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Natwest Product Transfer Rates
Natwest appear to have stopped publishing their product transfer rates that they offer to brokers. These rates used to be available to download via their website Can anyone advise how I can keep a track of any changes, without having to go back to my broker every few weeks? I have a product agreed for end of October but…
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Borrowing extra for home extension
Hi I am on tracker mortgage with early repayment charge ( I think 3k) if leaving before may 2025. I have to borrow extra 150k for home extension. Is it worth asking current lender and if they do lend this, can I remortgage with new lender in may 2025. Or is it better to remortgage with new lender with better fixed rate…
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MSE news: Mortgage rates drop below 4% for the first time since April
Fixed-rate mortgage deals have dropped below 4% for the first time since April – though only for those with at least a 40% deposit or equity in their home. However, mortgage brokers say rates could continue to fall as the year goes on – so what, if anything, should you do about it? Read the full story on: 'Mortgage rates…
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Borrowing money for a mortgage
Hi again, I often hear that it is frowned upon to use an overdraft/credit card for a mortgage and many lenders will subsequently reject an application for people that would try to do this. So hypothetically, what if I were to borrow some money (say like £5000) from my boss and use that. Then when my mortgage is approved, I…
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Yorkshire Building Society Mortgage help pls
Hi Wondering how others find Yorkshire Building Society for having a mortgage with? We are considering applying to them. Does anyone have experience of the application process - are they efficient, is it quick and easy to do? Many Thanks
