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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
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Source of funds declaration
Nephew is applying for a mortgage. Nephew is shortly (3 - 6 months?) due to inherit £X00,000.If purchase goes through prior to distribution of the Estate, I will lend him the £X00,000, repayable as soon as inheritance is received.I am one of the Executors so will know/be in control, though it will be a personal loan not a…
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Should we stick with our current provider or try to remortgage despite husband's poor credit.
We are currently with TSB with a ported mortgage, £194,000 total (house value £300,000). £50,000 on a 5 year fix until November 2025 and £144,000 on a 2 year fix until July 2025. Since we moved we have had to stick with TSB for remortgaging as the smaller portion was still on a fix so I was hoping next year we could look…
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Hours per week - Decision in Principle
Hi everyone, I spoke to a mortgage advisor and told them I work 48 hours / week and set up a Decision in Principle The thing is, I do regularly work 48 hours per week, but I am only on a 36 hour per week contract. Is that something that could cause problems down the road? Would it be worth me switching to a 48 hour per…
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Bank of England cuts base rate to 5% – what does it mean for your mortgage and savings?
The Bank of England has cut the base rate from 5.25% to 5%. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move will impact mortgage and savings rates. Read the full story: Bank of England cuts base rate to 5% – what does it mean for your mortgage and savings? If you…
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Remortgaging question
We have £188k left on our mortgage over 23 years and are up for renewal next February. Our current 5 year fix is at a fantastic 1.76%. Obviously we're in for a bit of a shock next February. Current deals for 5 year fixes seem to be around 4.25%. However it seems that interest rates are slowly coming down? Would we be…
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Paying off BTL mortgage - strategy advice
Have £50K left on BTL fixed rate mortgage - property value £220K. Current rate BTL mortgage rate is 3.29% which ends 30/11/24. Can pay off between £10K and £20K in November, leaving £30K - £40K outstanding. Question is do I look for another fixed term mortgage (inevitably higher than current rates - current lender offering…
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Wanting to take out additional lending on very low remaining mortgage issue
Hi all, this is probably an easy answer but I will ask anyway. We owe 9k on our mortgage at 1.79% with 5% ERC. (1yr 10months left) We had a quote for an additional 60k borrowing for a small extension but they quoted 5.5% for 5yr fix. My thoughts were to pay 10% overpayment on the 9k and then remortgage with Barclays @…
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Nationwide 10% overpayment of the original loan
We routinely overpay our mortgage and are just about to remortgage at the end of our fix. I’ve been struggling to find nationwide’s definition of original loan. Our original mortgage with Nationwide was £140000. We’ve stayed with them through subsequent remortgages and are now about to remortgage again with our remaining…
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Getting a mortgage a UK Citizen and an Irish Citizen in the UK
I'm stuck on where or how to go about getting a mortgage for myself and my partner. My partner lives in Ireland and is an Irish national (dual nationality "Philippines") And I live in Scotland. We're looking to both move to the south of England where my partner will find a job based in London as a VP accountant, they still…
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Renewing my mortgage - understanding the process
Hi, As far as I understand the correct term in my case is 'renewing' my mortgage and not 'remortgaging'..... I will be renewing in June 2025 and will stick with the same lender (Santander). The main thing I'd like to know is if I need proof of income when renewing? There is a reasonable chance I could come into some money.…
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Paragon Personal Finance second charge interest
H I'm looking for advice i I have a second charge mortgage with Paragon personal finance which I still had 4.5 years left on. A few months ago I got a letter saying that they were not charging me interest on my account from now on. I phoned them up and asked if this was correct and why they had decided to do this. they…
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Divorce, Mortgage and Deeds
Hi all, I've come here as trying to get hold of professionals to get advice is so time consuming and end up going in circles without clear advice. So I'm hoping that someone has been in my position and can provide some clarity. I'm in the final stage of divorce and we have settled on my ex having the house. As part of the…
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Remortgaging - Barclays won't give exact figure
My fixed term ends in six months, so I'll be remortgaging for the first time soon. I am following the mse guide (https://www.moneysavingexpert.com/mortgages/getting-ready-remortgage/) and at point 5 it says get an exact figure from your current lender. I called Barclays and they 'can't' tell me, until 30 days before. It's…
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Kent reliance shared ownership bad credit
Me and my partner are in the process of getting a shared ownership house. It’s my first home and he’s not owned for 10 years. His credit file is good 800+ and mines bad 649 with some missed payments on a now paid off credit card last November. All our debts are now paid off but because of my credit file the mortgage broker…
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Accord Mortgages Timelines
Hi, just wondering if anyone has applied for a mortgage with Accord recently and if so, what sort of timeframes you had to wait for the decision? Thanks!
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Hurrah! Paying off my mortgage!
Hi folks. After many years, I'm now in a position to pay off my mortgage, I've waited until my deal ends to avoid a £900 early repayment charge, however I've been told by my solicitor that I must use them to have Santander removed from my deeds. Needless to say, this will cost me £900. I've been told I need the solicitor…
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I must be missing something in my repayment v interest only calc:
I'm coming up to remortgage, and wonder if I'm missing something in my calculation on Interest only v repayment.Outside of the inherent risk around Interest only , what am I missing? it makes interest only + investment look like a no brainer? £184k mortgage on £380 valuation. 15year 4.2% mortgage. Scenario 1:Repayment…
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Mortgage coming to an end, may emigrate next year: thoughts?
Current situation: Bought house at £375k 21/09/2019 5 year fixed mortgage at 2% Have been overpaying, down to £231758 owed Need to remortgage pretty ASAP The big question: I'm a Canadian citizen, and for the past two years we've been considering moving to my home town. If that's the case, but we're not sure: What would…
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An equity release mortgage, should they obtain the borrowers agreement before settlement
I'm trying to help someone understand how funds are settled when an equity release mortgage is involved. Here's the scenario: The 20-year interest-only mortgage term has ended, and the original lender requested repayment of the debt. The borrower chose to settle the debt and stay in the property through an equity release…
