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What remortgage rates are Santander offering existing customers?
Hi all Has anyone had experience of this? As an existing customer are the remortgage rates similar to what new customers are offered? I will have approx £130k to pay on a £235k house value. Just trying to get a handle on what is coming after being on a less that 2% mortgage! Am obviously hoping not to have to remortgage to…
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Mortgage in two parts - options when fixed rate ends on one part?
I have a mortgage in two parts:Part 1 is £150k at a rate of 1.19% fixed until April 2024 (this was ported from my old property)Part 2 is £400k at a rate of 2.19% fixed until August 2027 I've been holding off on getting a new deal on Part 1 hoping the BoE would annouce a rate drop last month but here we are. The best deals…
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2,3, or 5 years remortgage.
Hi All, Mortgage expiring soon 1st April and due for remortgage. What do you reckon, 2,3 or 5 years thought rates would have dropped further but now the Iran war. Thinking 2 years fixed no product fee or 5 years with £999 product fee or 3 years with product fee of £999. Virgin money 2 Year Everyday Fixed No product fee…
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Leaving current mortgage early consequences
Hi all, I’m after some guidance on my mortgage situation and the potential consequences of switching early. My current fix with Nationwide is 0.94%, ending 1st November 2026.By the time the fix ends, I’ll have roughly £69k remaining. I’ve been looking at First Direct, mainly because they allow you to lock in a rate up to 6…
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Rate switch now or wait???
I’m currently on a 1.6 rate ending in May. My plan was to potentially leave this for a few months on tracker as from what I’ve heard rates may go down. Now, jeez Louise!!! I’m in a panic as are lenders increasing their rates because of the current world situation? If it looks like it does do I risk fixing it now, and for…
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Upcoming Re-Mortgage & Debt/Credit Score impact
Hello All. We'll be starting to look onto our re-mortgage in the next coming months. Our current mortgage is due to expire on 31 August 2026. All is fine. Payments have all been up to date. No worries there. My credit score is good. I have a personal loan with a current balance of £1263. This loan is due to be repaid at…
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Future mortgage strategy?
Hi All, I have been lurking here, reading and learning a lot from you. I hope you don't mind if I pop with a question that has been running through my head for a while, just to hear your thoughts and ideas. Me, M45 (halfway through my life, I guess), married, no kids, homeowner since 2016 with a mortgage, outstanding…
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Mortgage declined twice with no reason given
Hi All, I am to MSE and I really need some advice on how to proceed in my current situation for a property that I want to purchase. I had an offer accepted on a property and I engaged with a broker to go through the AIP and submit a formal application. At the this was with L&C who submitted an application on my behalf. I…
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Mortgqge application- Declined :(
Hey, So me and my partner are looking to buy a house together. I am already a joint owner on a property and will be making enough to get a 10% deposit when it sells. I checked through are credit files I have 1 missed payment from March 2020 due to the virus etc it was an oversight as lots going on! Was only £30 which I…
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Confused by mortgage decline
I just wondered if anyone in the mortgage industry ie a broker could shed any light as to why this decline might be the case. Its a buy to let I own. Value £130 Mortgage 66k I asked for further borrowing of £23k for home improvements at my own home which they said was fine. The LTV is fine. However, its been with the same…
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Overpayment of Mortgage Debacle with Halifax
Did you know that Halifax Building Society is now not automatically reducing the term of your mortgage if you make overpayments to your mortgage? Yes, that is correct. They now reduce the monthly amount you pay for your mortgage and not automatically reduce the term of your mortgage as most lenders do. In fact you are…
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House Unmortgagable Due To Location
Hi All I bought a house in 2021 next to a train track. HSBC happily gave me a mortgage to buy the property. I've just had to have a lot of work done to the house (re-roof etc), and HSBC have now said that due to the location of the house I can no longer get a mortgage on it. I've tried other providers through a broker…
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can pay off mortgage, but....
I have an interest only mortgage on my residential home (£145K) 4.2% interest, and an interest only mortgage 5.74% on a buy to let HMO (£120K). I'm in a position where I can pay one of them off, the HMO 5.74% mortgage, but it has 3 years left to run, and has a 3% early repayment fee, £3670. Is it worth a chat with the…
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Remortgage at age 65, interest-only options?
Hi, Can anyone recommend a mortgage broker experienced in later-life remortgages? • I'm 65 and still working • Residential interest-only mortgage now at end of term • Low LTV / strong equity and payments up to date • Looking to refinance via RIO / later-life lending (not high-street banks) Ideally someone who has…
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Making a lump-sum overpayment on my fixed rate mortgage?
Hi all. I'm pretty rubbish at finances and don't have anyone else to ask this… I have already read Martin Lewis guidance and blog on over-payng a mortgage, but still have questions - I'm hoping some of you lovely experts might help me make more sense of what might be best to do. I realise any decision is my…
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Mortgage deposit - amount left over
Currently going through the mortgage process and at enquiries and searches stage. We are putting down a 5% deposit saved in a LISA however due to the interest that is being accrued monthly we currently have around £500 more than the amount required. What will happen to that money when the solicitor requests funds? Does the…
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Overpaying mortgage
Good morning, I'm looking for a quick bit of advice re. overpaying a mortgage. Due to a payrise I find myself in a position to overpay on my mortgage. I can afford to overpay by £200 a month or £2400pa. Am I better to overpay each month straight to the mortgage company or put the money in a cash isa for 12 months then pay…
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First Direct Life Tracker - Anyone on it?
I am tempted to move my mortgage to this (75% LTV 0.5% above BOE with £490). Currently on HSBC 2 Year Tracker 3.99% ends next summer (75% LTV 0.25% above BOE) TBH I am sick of moving my mortgage around every 2-5 years and like the idea of rates dropping, mine drop too, with a view to fixing straight away should rates ever…
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Mortgage offer received signing a new rental agreement
Hi all I’m after some advice I am currently Living with parents and have received a mortgage offer for a property im purchasing completion will be in the next few weeks once all conveyancing is complete. The property im purchasing will need a lot of renovation works and a small extension. My plan was to continue living…
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Reduced market value purchase from parents
We're buying a house from my parents at reduced market value and therefore are being given £20,000 in gifted equity. Has anyone done this before and who did you use? I've heard some lenders are happy to include the gift towards the deposit meaning we would need less cash ourselves. Ideally we will put between £10,000 to…
