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Mortgages & endowments

The place to discuss everything to do with getting a mortgage, remortgaging and more.

Any recent West Brom Mortgage Timelines
We had AIP and full application go in yesterday, just wanted to check what timelines/scales to expect going forward? They have mentioned application review in 48 hrs from full application (underwritten in 48hrs). Is this true?? Any self employed? What documents were requested in addition? Full app to offer services times…
Paying off Help to Buy loan
We bought a new build in March 2021 for £210k with 5% deposit and 20% HTB with 5 year fixed rate with Barclays at 1.99%. We have been comfortably paying £800 per month mortgage with occasional overpayments of £250 to £500 on an ad hoc basis. Mortgage was £157,500 and is now at £133,869 owing. HTB loan was £42k when house…
Can I close bank accounts with mortgage lender?
I have a debit and credit card with Nationwide and want to take out a mortgage with them in a few months. I don't use the accounts so I want to close them. Does it help me to have existing accounts with them when I take out a mortgage and is it okay for me to just close the accounts?
Re-mortgaging - is a loan better?
My fixed rate mortgage is due to end shortly. I am very fortunate to only owe about £10,000 and hope to pay this off in the next 2 years. Is a mortgage the best choice or should I take out a loan? Thank you
Remortgaging whilst using arranged overdraft
Hi, I live alone and took my first mortgage out 4 years ago and at the time I was employed. Since then I have gone self employed and the first couple of years I wasn't making much so was relying on my overdraft, constantly. I've started to get more work and earn more, however, I'm still stuck in my overdraft, max is £900…
Barclays mortgage, overpayment balance, what action to take?
Hi all, I have had a mortage with Barclays for a number of years, and a few years back was in the fortunate position to be able to make overpayments. Based on experience with a previous lender (and bad advice from mortgage advisor), I thought that those overpayments were going to be taken into account to reduce the capital…
Barclays Fixed 7 year remortgage ..hoping to pay off extra money, best way to do it please, thanks
I'm wondering how best to reduce the years on the Fixed term Barclays mortgage, overpay in small amounts or 10% overpayment in 1 payment, thanks
I'd like to buy a flat, but will a financial link with someone on DMP affect this?
Good morning, I have lived with someone in a house share for the last 15 years, we are not in a relationship, and have two joint accounts. One of these accounts is where the bills are paid. The other party is on a DMP which I found out about this year. I have no debt, no missed payments, and pay off my credit card each…
Halifax Mortgage application (awaiting decision)
Just wondering if anyone else is waiting for a decision from Halifax and wants to join me in being impatient and apprehensive 😬😬😬😬
Halifax Borrow More Application - Have I been approved?
We applied for some monies to do some home improvements..Online we saw the options to borrow more,however we went through our broker to do it. Current LTV was 26%, we were looking to increase it to 44%. I recieved a letter saying thee enclosed a Mortgage Illustration, a declaration form which needs tu be signed and dated…
Issue with solicitors
Hello. We are buying a house ( shared ownership new build) and my solicitor raised these 2 en queries , however developer's solicitor says these won't be provided and we can't move from this "dead point", please advise, how important these are? Please confirm that upon completion you will either be able to supply us with…
Is halifax not being direct
We currently have a 60k mortgage with the Halifax, property is worth just north of £210k, even though Halifax has the old value of a few years back of £150k. We are trying to borrow an extra 45k to have a loft conversion. Was told no need to have it revaluation as our LTV is OK. Our salary between the two is above 80k,…
Paying Off Son's mortgage
If I pay off my son's mortgage providing its possible to overpay, is there any tax implications? thank you
Nationwide mortgage special conditions
Hi, I have just received my mortgage offer from nationwide. It has a special condition to repay a personal loan with an approximate balance of £109 on or before completion of mortgage. This £109 is my monthly loan repayment, does this mean that I need to repay my entire loan or are they just expecting me to make a monthly…
Engage credit (pepper )product transfer
I am landlord with buy to let mortgage-favourable terms just expiring . mortgage with engage credit engage are a trading name of pepper mortgages . Mge was taken out with pepper . about 3 years ago pepper 'unilaterally' transferred it to engage .(terms unchanged allegedly ) i am considering a product transfer (yes i know…
Please help me decide on early repayment
Hi, I have loan of 223,000 for 35 years period. Interest rate is 4.26% and fixed for next 5 years. Early repayment charges (ERC) are 5% for next 2 years, then 3% for 2 years and 1% for next 1 year. Lender allows 10% overpayment without any charges. I have managed to secure some money, about 100,000, and was wondering…
FUNDING OPTIONS?
Hello, I am currently in a little bit of a dilemma and wondered if anybody could give me some advice on potential funding/borrowing options? I am a landlord and own a few properties. I am currently experiencing a few financial obstacles. I was due to Remortgage one of my properties which holds a lot of equity with the…
Tenancy in common
I am currently living in a house that belongs to my parents but separate to their own house where they live. We have agreed to set up a tenancy in common between us. I have also been saving for a first time mortgage using a help to buy ISA. My question is: If I sign up to a tenancy in common, can I still use my help to buy…
How important are spending habits when it comes to a mortgage?
I'm being completely honest here but I've never been the best at saving but I've always paid my debts on time without failure. My debt includes two bank loans and a credit card which are currently at £27,000 combined. The mortgage I'm applying for is at 2.5 times my current salary. I'm had a mortgage in principle accepted…
First time buyer 2 or 5 year fix
My son is getting his first mortgage and we are wondering what to do for the best He has a good deposit 60% LTV so putting all he has in He is going to save again in future and hopefully pay sums off the loan as quick as possible to bring it down, will he be able to pay some down at end of the fix? What is our best option…

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Mortgages & endowments

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