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Porting + adding name + additional borrowing
Hi, I currently live with my partner in a flat which I own. We’d like to move in the next few years and buy somewhere together. I’m in the process of remortgaging and I can’t decide between a two or three year fix. What I want to know is, whether it’s possible to port a mortgage, while adding a new name AND additional…
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Transfer of equity / solicitor / bank problem
I instructed a solicitor to Start the transfer of equity on my mortgage. I am buying out my ex and he is being removed from the mortgage. My unhelpful bank, danske, are refusing to engage with my solicitor. My solicitor needs consent from dankse to proceed, but danske bank will not speak to them as they claim they are…
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Help understanding my mortgage completion statement
Hi, To save a long back and forth between me and my uncommunicative solicitors, please can anyone help me understand my mortgage completion statement? It's a remortgage. New lender is advancing £224k, with £500 cashback and £999 arrangment fee, which we requested be added to the mortgage. The mortgage paperwork states:…
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Failed Exchange
Hi all, I’m hoping someone can offer advice or share experiences with a mortgage funds issue we’re dealing with. Despite the cancellation request by our solicitor, the funds were still released by the lender but returned by the solicitor within an hour. The problem is that our mortgage offer states: “Once you accept this…
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Declaration of Trust
Paid a substantial amount of deposit on house purchase. Now selling up and divorcing husband. He paid nothing. Declaration of Trust seems to suggest I own 80% of the house and he owns 20%. How is the sale of the house split? Mortgage was paid by both of us, equal amounts.
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Mortgage ending - final bill charges
Afternoon all, We are coming to the end of our mortgage in the next few months with Santander (yey). When i looked at the settlement figure i see there is a £225 final charge (Redemption Administration Fee). I recall years ago reading here a template letter to get this fee waived. Is this still a thing? Anyone know where…
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Mortgage payments
Hi. The sale of my house and purchase of my new house are both set for 14th February, and I’m wondering when the final payment for my current home will be taken, and also when the new one will taken. I have asked RBS but yet to hear back. My mortgage payment is set to the 1st of each month, and with being in my current…
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BTL mortgage product coming to an end. Best options for paying off lump sum.
Our current BTL five year 2.17% product is coming to an end 28th February with a balance of around 140k outstanding. We are in a position to pay off 70k leaving a 70k balance and having spoken with our advisor who has told us, we will need to speak to our current lender, as we wish to reduce the balance by a large sum. Not…
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BTL Re-mortgage Queries
Good afternoon. My partner and I have a flat we rent out (the tenant has just signed a new 12 month lease and is a long term tenant) but it is currently on SVR through Bank of Ireland. It is on a residential SVR as we have consent to let, not a BTL deal. We' tried to call them to swap the deal and get a cheaper monthly…
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Lender’s refusal to execute best interest rate at completion
I repeatedly requested from both broker and the lender’s solicitor to have the lowest rate on the chosen product executed at completion (weeks and months away from the offer). Rates were not publicly visible and the lender never directly contactable (‘reflection period’ also refers to contacting solicitor only), and I…
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Renewing mortgage - how many times can I switch deals?
So my 4 month remortgaging window is about to go live. Say I locked in a deal right away....as far as I am aware I can cancel that deal and select a better deal during this 4 month window... Can I do this as many times as I like? My plan is to just stick with my current lender, Santander. I will take up the best 5 year fix…
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Adverse credit mortgage lender / broker
Hi, I am currently in a DMP plan which has been running for 2.5 years. I am currently renting but having been given notice on my current rental property, would like to explore the option of buying. I have already spoken to a mortgage broker who advised that my situation is not his speciality but that there are "Adverse…
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Letting home out long term (5 years +)
Just forward planning at the moment, an idea I want to look into. 47 years old, house worth £600k with £200k mortgage with Barclays (split over 3 separate mortgages with different rates). All 13 years remaining (give or take a couple of months). The 3 different rates are from moving house and borrowing more, plus the…
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Inheritance money coming and new house
So I had tried to buy a few houses last year. I’m in Scotland so one was a fixed price if I had offer accepted it would have been done and I could have listed mine as was on market for a bit. The area wasn’t my first choice. So two other ones came up same street same week one sold by the time I viewed second one other one…
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Aviva Equity release / Lifetime mortgage
Please can someone advise us about this issue. In 2001, my parent took out a lifetime mortgage of £46,000. Currently in 2025, we now owe them £284,000 roughly, this to me and everyone we speak to, seems absolutely immoral and ridiculous, that it can be this much to pay back. There is interest and there's interest! Is this…
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Re-mortgage after Fixed Rate ends with Barclays?
I'm coming up to the end of my 2-year fix soon, at 5.45% with Barclays. This is my first mortgage and I wanted to understand how re-mortgaging works. Within the last 90 days I understand I can select a new rate online on my account. How does this work? Has anyone done this? Is there a new credit check? Is it instant? What…
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Un-sellable, un-rentable, un-mortgageable property
Hoping somone can help - I bought a flat in a small block a number of years ago. Went to sell it around 2 years ago (mid-conservative hike in interest rates and borrowing) so plenty of interest but no offers. Bought a house with my partner so we could build a family - with a plan to rent the flat until mortgage rates…
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Changing ownership required prior to new mortgage?
Advice needed for selling current house and new mortgage. My wife and I moved in with her parents and paid off the remaining mortgage on their behalf. The property is now mortgage free and in her parents name. Our intention is to sell the house we are in (in her parents name) and use the money (about £200k) as deposit on a…
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Mortgage Affordability Checks
A friend made a joint mortgage application during the early 2000’s which was approved. The mortgage was used to buy a flat using a tracker interest only mortgage. During the early years of the mortgage it was affordable as the interest rate was <2.5% However after approximately 10 years the parties broke up and the main…
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Remortgaging / Equity Release ?
Hi, I could do with some help ! I live in a little cottage that I have bought and the mortgage is finished now. I am thinking about buying a plot of land to put a log cabin on to live in instead - my little cottage would be turned into a holiday let. My question is how do I get the equity from the cottage to fund the log…
