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Mortgage term ending
Dear all, I am not sure where to start! I am trying to help my parents concerning their mortgage. Please no judgement as I do not think my parents are particularly finally savvy hence the mess that they are currently in. My mum is in her 60s and my dad in his 70s. Their mortgage term has ended this month, but they are not…
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DMP & Low Equity - remortgage or sell?
Short version: Fixed-term interest mortgage is coming to an end. Struggling to remortgage due to DMP. Low equity due to Secured Loan & Help to Buy. Long version: Bought a new build in Sep 2019 for £120k, which is coming to the end of the 5-year fixed interest rate. Moving onto SVR with current lender means paying an extra…
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Porting a mortgage with changed circumstances
We are currently living overseas on a diplomatic posting and want to sell our house and re-buy in another area. We don’t want to increase our mortgage - it will be like for like. However, my wife now does not have a Uk income and has been working freelance overseas. She has made the same if not more in salary. My age 57…
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Mortgage Valuation
Hi My son is a first time buyer, the house he is buying has been valued for the mortgage and they are asking for 'a roofing contractor to inspect the roof coverings and carry out any necessary repair/renewal'. Is this something he needs to organise, or is it the responsibility of the sellers? Thanks
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DIP accepted - Nationwide willing to lend but concerned with CCJs
Hi Everyone, I need some advice please, I am looking at buying a property with my partner we have a LTV of under 80% - I have 2 ccjs that are combined under £500 from private carpark companies. The oldest ccj issued was in January 2019 and is unsatisfied. The most recent ccj issued was in Feb 2020 and is unsatisfied to the…
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How does releasing equity work? (After renovations)
Evening folks. Really inexperienced in this but hoping for a bit of guidance or insight Bought a house 3 years ago on a 95% mortgage. Paid £235k for the property, but then spent 30k (+lots of free labour from family in the trades) renovating and extending the property. Haven’t had it revalued yet, but it’s easily worth…
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Loan against Mortgage
Currently with Nationwide with a value of £220,000 and mortgage remaining of £163,000. Would we be best trying to borrow more against the mortage through Nationwide as opposed to a different company? As we are currently with them I would have thought it would be easier, but I may be wrong? If its to pay other debts off and…
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2 year fixed @ 4.86%?
Hi folks I got my first ever mortgage and fixed it at a delightful rate for 5 years, sadly this is now coming to an end. We bought our home with support from the Northern Ireland Co-ownership scheme (which I highly recommend) but now we plan to buy them out. My current mortgage is with a local NI Bank, I had expected to…
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Told Halifax mortgage ‘£29,500 in advance’?
In October 2023, the headline balance on my Halifax mortgage was around £10,000 with approximately 30 months to completion. When discussing my estimated new payments following the forthcoming end of a 1.52% fixed term in January 2024, I was told, twice by two separate advisors, that I was already £29,500 ‘in advance’. I am…
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Help to Buy Remortgage Process
We had one of the HTB loans on a 5 year deal back in 2021 and we are 18 months away from the process of applying to (possibly) add it to the new mortgage rate we're of course dreading to see. Perhaps a little blinded by the whole excitement of buying a house for the first time, I'm now seeing some scary amounts (for us)…
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Any recommendations for which broker/company for previous poor credit remortgage
Hi, I've looked at the various brokers they mention in th guide on here, but seem to think I've read somewhere that people like L&C won't make any effort with those with questionable previous credits issues. I've looked at people like Simply Adverse etc but need some advice. Can anyone recommend a good broker who will work…
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Remortgaging predicament
Sorry if this is obvious but how do I go about remortgaging a house I don’t live in but my family member does and gives me the money for the bills, it’s no profit just under my name for credit reasons. It’s under a residential mortgage at the moment can it still be one or does it have to change?
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Nationwide Mistake on Mortgage Payments
Hello, first time poster here but needed somewhere to share my experience and actually to see if I am the only one that this has happened too. **BACK STORY** I've had my mortgage with Nationwide for 7 years. They helped me buy my first home and I have never missed a payment. Not once. Even when I was made redundant for 7…
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Anyone with a 25 year endowment which matured recently ?
Just curious as I have one with Scottish Widows which matures a year from now which was for 40k. Remember 24 years ago the RBS telling me that I would double my money !! Oh to be so young and naive again :D Guessing I will get 25/26ish k back.
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New built exchange and completion
Hello, I hope you can help me. I am in the process of purchasing a new built but the building has not yet been completed (due to be completed next month), so completion is on notice. We will get 10 days notice once the building is completed to proceed with completion. If we decide to exchange now, do we have to pay…
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Urgent advice needed - exchange
Hello. We have received and signed our contract for a new build house. House is physically build an last NHBC inspection carried this week. Our solicitor been nightmare since beggining, all work took roughly 5-6 months. Now she got the contracts, but doesn't want to exchange on notice, developer told her that house will be…
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Nationwide Mortgage application - Scotland
Hi all, Has anyone recently when through a Nationwide mortgage application in Scotland that would able to tell me their timelines of it? Our application went in on Monday (1/7/24) a hard search was done that day aswell, so just wondering how long we would wait for an outcome. They have the home report for our new house so…
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Mortgage interest
Hi ive just noticed that although I’m paying off my mortgage and also over paying the monthly interest is staying the same . It a tracker mortgage on interest only the interest is £527 a month and I’m paying £800 plus extra when I can , I have no penalties for overpaying. I can see the balance from 6 months ago on the app…
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Mortgage provider writing off the remaining balance of a mortgage
I have enough spare cash to pay off my offset mortgage in full. The term has twelve and a half years remaining. I effectively have a credit line of BOE base rate +1.88% on £151,000. I understand that if the cost to the lender of servicing the remaining balance of the mortgage is higher than the balance itself, the lender…
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how do I buy out my abusive ex partner?
If anyone could possibly give me some guidance on my current situation I would really appreciate it. I co own my property with my ex partner and we both put in an equal amount of the deposit each in 2021. I had been going through domestic abuse/violence with my ex partner on and off for 2 years. A serious incident happened…
