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Remortgage from BTL to Residential
Hi, I am re-mortgaging a BTL property to a residential mortgage. The problem is that the new lender would not approve the application before I moved in and the current BTL terms do not allow me to move in. I need a consent to occupy that my current BTL lender does not seem to give!! So, what can I do? anyone in a similar…
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Equity release
Hi, thinking about equity release, (no mortgage and aware of all types etc) but also aware my partner would have to leave the house if i died or went into care as the house is in my name. Does anyone know if the best way round this would be to add his name to the house deeds then go for equity release?
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Decision in principle with financial associate
Me and my OH have recently been looking at joint mortgages which we have established are not appropriate due to his credit. We initially did get one but unfortunately something else came up which meant they wouldn’t consider. My parents have now decided to gift me some money and We have decided I should apply for a solo…
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Mortgage Rate Change
I would appreciate some advice please, I received an expected letter from HSBC that my current mortgage rate of 3.24% is coming to an end on 31st October. Is it best that I wait a few days before I check the new rates, given the recent interest rate cut? Not an expert with all things mortgage and I obviously want to get…
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Equity Release: Fair fees and commission?
I'm sorting out Equity Release on behalf of my dad. I've used 2 registered advisors so far, to have some kind of due diligence on my part. (For reference this is to release £100K against a £500K house which has no securities and dad is a fit 80 year old). There's something just a bit "off" about it all - like in years to…
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Mortgage overpayment query
Hi Everyone, I'm a newcomer to morgages in general so my apologies if my query is rather basic and should be obvious :) My mortgage provider allows for overpayments without penalty of up to 10% per year over the early repayment charge period, which is 2 years in length. My query - Is the 10% normally a fixed amount based…
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Mortgage in Principle - low and will I get it ?
Hi I have a £185k deposit gift that I can’t use for anything else but a deposit I have £18k of secret credit card debt that I need to address myself - it’s currently interest free I got accepted for a mortgage in principle off two lenders for £100k - low as I’m on £45k but in a sales job with a bonus - apparently that…
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NatWest Mortgage Offer - Unable to change rate
Hi, We recently applied for a 65% LTV mortgage through NatWest direct through NatWest (No Broker) at 4.32%. Everything went through smoothly and an offer was received within a a couple of days. Due to the base rate going down on Thursday, the rates have now dropped around 0.12%. I phoned them up enquiring about this and…
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Fix coming to an end plus Help To Buy
Hi all Posting this on behalf of a family member. They bought a property (£142.5k) using HTB (20%) 4 years ago. Their current mortgage fixed rate ends 31/10/25. At 31/10/25 they will owe approximately £93.5k and already have product transfer options available within current lender (Barclays) i.e. 5 year fix at 4%.…
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HSBC Tracker, currently 4.24, presume 3.99 end of year, fixes are currently 3.95
At what point would you move to a long term fix, I am trying to ride out the BOE rate reductions but anticipate there is a point where I need to realise the fix is the lowest it will be. The problem is I cannot fix and keep changing the product/date which is annoying when on a HSBC tracker and rate switching...
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Mortgage query
Hi Im currently trying to sell my house but it’s very slow, with no offers. A property we’d like to buy has come on market. We’ve enough savings for 60k deposit but property will be sold before we sell. My son has offered to buy as 1st time buyer to secure it. can he use our deposit and we’ll just buy it off him once we’ve…
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Finding a mortgage broker
My mid twenties son is looking to buy near to where his company is based on the south coast but he currently lives/works from our home 150 miles away. Where should he look for brokers, local to where he buys, or nationally, or does it depend on his financial circumstances? Are brokers paid by the purchaser and if so, is it…
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Mortgage renewal
Hi our mortgage with Nationwide is due to run out at the end of Aug. Due to the interest rate cuts have they already been factured in? Or is it worth waiting another week or so? Also we've renewed twice now each time taking a 5 year fixed, would it be worth it doing the same again 4.04%.
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best equity release with intrest paid montly
hi iam looking for the best company for equity release paying back the monthly interest i have £20,000 intrest only mortgage to pay off next year my house is worth around the £470,000 mark i only want £45,000 outto pay off existing mortgage and the rest for new kitchen bathroom etc . but i would like to pay off the…
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Mortgage advice needed please 🙂
Good morning, I have a fairly good credit score as I'm 39+2 and since may 2023 I changed career and became a car transporter driver currently before tax I'm on around £48k a year. I live with my fiancée and two children she earns £14k working school hours as a cook. And not sure if we just scrape it or what but sometimes…
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Due to complete on a house sale but my employer is not wanting to renew my job offer!
(This has been posted elsewhere but was advised to post on the mortgage board) Hi, I am a first time buyer with a mortgage offer from HSBC and due to complete at the end of August (3 weeks ish). We have not exchanged contracts yet and I am buying alone. The solicitor already has my LISA so I am all ready to go. I had just…
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Equitable Charge
I'm hoping someone can help point me in the right direction. I've been coming to a dead end with every attempt for 5 years.When my now ex wife and I separated 5 years ago we applied to remortgage to pay some equity and have her name removed from the mortgage (at considerable cost for solicitors). We received notification…
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Releasing cash/equity after house value increase
Hi all, Below is a hypothetical (but also realistic) situation: £320k house purchased £32k deposit + £288k mortgage (4.5% over 28 years =circa £1500/month) In 5 years, having overpaid on the mortgage by around £200-£250/month) and the value having increased by 20%… £384k estimated house value £141k estimated equity (£32k…
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Equity Release?
I owe £60,000 on an interest-only mortgage that needs to be settled next year. My husband died three years ago & he couldn't get life insurance!Do I go for equity release or a repayment mortgage? I will be coming into a considerable inheritance & would pay anything loaned back straight away. I'm 63, work part-time & also…
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