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Renew with HSBC & Additional Borrowing, How to do?
What is the most cost effective way to do this? Mortgage 156k Value 275k Renew rate at 5 years, but top it up to 160k. Can I take out small additional borrowing, overpay back to 160k across two accounts, then request change term, to effectively get it all within one account pot again?
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Remortgage Offer - Question
Hi, My 2yr fixed term deal ends at the end of the year and my existing lender has sent an offer of renewal (for want of a better phrase). Compared to my exiting rate, the new rate isn’t eye watering but I know that there is, potentially, better out there. I’m wondering if it is the done thing in the mortgage world to call…
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Mortgage application - credit records
Can anyone please tell me whether my credit history will be revealed to my spouse as part of the application? There are things on there I would like to keep private if possible (no lectures pls). We are applying through a broker. TIA.
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Mortgage removal
I have a natwest mortgage registered on a sipp property.It was repaid in 2015 but never removed.I have proof that it is paid.Have tried the e mail sent to me by natwest to remove the entry at hmlr.They said would be done in 9 working days.It hasn't been.I am tearing my hair out trying to work out what to do.Please help.
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Mortgage appliation and credit cards
Hi All, I'm planning to move house early next year, so i'll be looking for a new mortgage. My finances/credit score are in good order and i'll have a ~50+% deposit. I have the following 2 credit cards: Card A: 3 years old, £7300 limit, £0 balance.Card B: 1 year old, £5750 limit, £1550 balance that i will be paying down to…
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Best way to borrow - residential vs. landlord
As of early next year I will have two unmortgaged properties (solely owned by myself), one residential and one let out. I am an additional rate taxpayer. I may, later in the year, have a need to borrow a modest amount (maybe £30-70k on a max 15-20 year term) The most cost effective way to do so seems likely to be a…
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Property transfer Witness signature
Hi there, We are currently abraod and sellign our house in the UK. Does a witness needs to be based in the UK or is an overseas witness address acceptable?
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Self Employed Application with Underwriters
Am I missing something? My broker applied for a mortgage on my behalf, with Barclays on 22 July. As expected it went to the underwriters a couple days later and it has been stuck there ever since, with delays, requests for further info... today my broker decided - enough! And proposed that I apply to Halifax as she has…
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Mortgage & adding someone on
Morning My fixed rate mortgage is coming to an end in feb25, in that time i became a single parent and have been paying the mortgage alone ever since. I work part time with three young children and I am now going to be remortgaging which I no means my payments will more than likely go up and I don’t no if they will give me…
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Mortgage renewal - options?
Our mortgage deal ends at end of October. We're both self employed and getting a mortgage in the first place was :# It took some nifty accounting, which itself was costly, took ages and was a real stress. We're with Natwest and tempted to stay with them, unless someone else has a much better deal. We are obviously awaiting…
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20% LTV mortgage deals
I've got a low LTV % around 20% 14 years left on mortgage, Not sure I'm being given the best deals seeing I have 80% equity. Any links you can pass my way would be helpful as I've internet search the answers and not getting any real answers.
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End of Natwest fixed term.
Hi. When my Natwest 2 year fixed term ends in a few months I wish to move to the standard mortgage so I can overpay without restrictions. After I'd like to return to another fixed term. My question is . Will the new fixed term offer be the same , as the one offered before I temporarily move to the standard ? House is…
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Nationwide mortgage overpayments
Hello, If I overpay on my mortgage with nationwide, the limit before any charges is just under £11k per year. Do I have to provide source of funds for the over payments eg bank statements, ISA statements? Is it something I need to get a solicitor involved in to make the payment? Thanks,
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Using Pension Pot to secure a mortgage
My situation is that I am recently divorced and I need to purchase a house for myself to live in. I am 60 years old with no earned income. My day to day spending needs are taken care of by an income stream that includes spousal maintenance for a few years followed by a defined benefit pension which will then be augmented…
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Mortgage declined travel
Hello I have been declined for my full mortgage offer due to “travel expenses” the past 3 months. This was with hsbc. I have been on holiday 3x so can only think maybe it was taxis to the airport? I am definitely not over the average of spending on travel. I also don’t know exactly what they mean such as petrol/insurance…
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Mortgage declined by Barclays for a vague reason
Hi, We got a letter from barclays saying that our mortgage offer is declined by audit/risk team due to 'commercial risk'. They have done a physical valuation survey and approved the valuation. Credit score is excellent/good on all credit agency platforms (experian, equifax, transunion). Both applicants' affordability is…
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going on mortgage with gf need advise
Type your messageHello there me and my partner are looking to go in on a mortgage together on a house she already has a mortgage on and need advise of how we can do things fairly , I met my partner 2 years ago and a few months later after the sale of her old house with her ex ,she purchased a property and asked me to move…
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First time mortgage - 'adverse credit', advice needed!
Hi, I am looking to buy a place in January, I'll have around a 10% deposit. However, I have two defaults - 1 expiring in March 2025, and the other end of June. Stupidly, they were payday loans - and I haven't cleared them as I have been in the process of unfair lending claims etc, and they contain obscene interest amounts…
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Bank Statement Requirements for Mortgage Application
Hello, I am in the middle of the process of a house purchase and I am providing proof of source of funds to my broker. My parents contribute to part of the deposit and one of the accounts involved in the trail of funds is a passbook saving account (I know it's not common in the UK but it's still used in where I come from).…
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Kent reliance Shared ownership Mortgage with defaults
Hello. We have applied to buy Shared ownership newbuild , which will be built next July. We have some adverse credit history , couple of late British gas payments and 2 silly defaults ( didn’t pay for 2 months and then paid everythjng off in one go, that was 1 year ago , me and my husband got 1 each). It was hard to get…
