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HSBC rejected - subjective
I applied for a mortgage with HSBC via my broker 5 weeks ago. Loan: £215k Deposit: £80k (coming from equity in current home) Term: 22 years 5 years fixed rate The application is in my name only but I am married and have a young baby. Husband is self-employed and SA302s show nil due to tax losses but he made accounting…
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I've ordered a sofa and mattress on finance before completion (after exchange)...
Needless to say I feel stupid and am absolutely petrified of the possibly repercussions. For some context – we exchanged contracts on Thu 11th
July with a completion date of Wed 31st July. Wife and I in our excitement
started thinking how we’d furnish the place (we’re coming from a furnished
rental) so went mattress and…
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Gross Annual Salary
Hi everyone, I have been working solidly for the last nine months, and if I base that as my annual salary I am looking at £50,000 But here is my question, before those nine months I was for a month or so in-between jobs, I took my time a little bit as I had money and it was my 40th Birthday Do I need to factor that into my…
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Best type for 6yrs left
Hi, Our 5yrs fixed deal ends in January so we’re beginning to think about our choices (I know it’s way too early for specific products). Usually we get a fixed rate as this helps budget but we will only have 6yrs left to go on the mortgage when we remortgage. We are on an amazingly low rate at the mo so know payments will…
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Paying down mortgage versus investing
Hi All, I appreciate your thoughts on paying down your mortgage versus building wealth for the future? For context, I am 37, have a lump sum in excess of £50k in investments and wondering should I continue to invest money or start to overpay on mortgage. Is there a max you would save in ISAs before reverting to overpaying…
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How do subaccounts work when remortgaging?
Hi All. I have 2 mortgage accounts with Barclays. One is the main mortgage, ends July 2025, rate of 1.5%. We took out extra borrowing for renovations, that ends Sept 2026 rate of 1.9%. When I look to remortgage in July 2025 and if I was to goto another lender, is the sub account automatically considered part of that…
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What to do if I want to change property after mortgage offer
Hello all, This is my first time here and I'm hoping you all could help me here, so here goes ... I'm a first time buyer and my offer recently got accepted on a property, not wasting any time I setup conveyancer and applied for mortgage. Recently I've received my mortgage offer ... My solicitor has also done all the…
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Aviva - Endowment payout 10 years later!
Hi, Yesterday we received a letter from Aviva, telling us that an endowment policy that ended on 13th August 2013 was now available to claim - nearly 10 years after it matured! We have files for every dealing regarding these kind of things and can find no evidence that we have ever been contacted about this before by…
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Do we sell both houses?
We would very much like to move to our forever home. We have a fixed mortgage that finishes in 2026 at 1.5% - about 115000 left to pay. We over pay - (May stop and put into high interest account after listening to Martin L podcast) We have another smaller house that has no mortgage and is rented out to tenants. We could…
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Where to get an interest only mortgage?
My bills and general spending are as low as I can practically get them. Due to medical diagnosis I want to see as much of the world as I can in the next few years. However this requires a more disposable income than I currently have.I have recently got a new job however the increase to my take-home pay is fairly small. The…
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Shortfall balance payment demand from Hessonite
Up until Apr 2012 I had a mortgage with Northern Rock / NRAM. I switched at this time to a new provider. For some strange reason, in the process of changing mortgage provider I was refunded the final mortgage payment I'd made to NRAM (approx £1,000). I then also discovered that NRAM had not been charging me the correct…
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Need help calculating daily mortgage interest
Hi! I recently remortgaged, moving from Barclays to a new deal with Virgin Money. I provided all documents for the remortgage months ahead of time but the conveyancing solicitors (Optima Legal - avoid at all costs!) were useless. Completion took place 8 days after the Barclays deal ended meaning we spent 8 days on the…
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Home Value for Mortage
We have just purchased a property that the last owner had changed from a three bedroom flat to a one bedroom flat. They did this by removing stud walls to make an open plan area. The home report and the value of the property has therefor been based on a one bed flat. Since purchasing, we have reinstated the stud partition…
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Mortgage Rate dropped - new product due to start on 1st Aug
Hi all, Our mortgage is with Nationwide, and our fixed mortgage ends on July 31st. Last week (July 18th) after reading lots that the rates maybe aren't predicted to go down any further I applied for a new 2 year fixed online at 4.99%. I read articles (not by Natiowide) which stated you can apply for the rate at any time,…
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Mortgage approval chances.
Hello, I appreciate you reading my post and hopefully can offer some words of reassurance. Me and my partner are first time buyers, have a £25k deposit and had an offer accepted on a £250k home with a mortgage in principle with Nationwide. Joint Income: £67,000 (expected to go up to £70,000 in August 24) We are both in…
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Those remortgaging now, what rates are you getting?
Hi all, Nearly 2 months ago I secured a deal with Barclays 4.51% over 5 years with no fees. 43% LTV. This is due to start 01/09/24 however I keep seeing in the news that rates are dropping and wondered if this isn't such a good deal anymore? The mortgage broker company I used has liquidated since and I can't go back to…
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Precise Mortgages Process
Hey all, Just looking to see if anyone has been through a mortgage with Precise. I'm very anxious waiting going through the underwriting process. Currently we have had requests for work contracts, questions on account activity and we have had the valuation done on the property we want to buy. We have been told our case is…
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Is it worth using a broker when renewing my mortgage?
June 2025 is when my term ends. This will be the first time I'll be renewing my mortgage after buying my house 5 years ago.... I have 65% equity in the house. I have the best credit rating possible. I am currently with Santander and would like another 5 year term. I am not going to be doing anything until next year, but…
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How important is First time buyer status?
I'm 52. Never owned, always rented. In 2 years I should be in a position to get a mortgage on a 2 bed flat. However if I wait 2-4 years I might be in a position to get a bigger mortgage on a larger property, which is what I would be happier with. I know it's a long way out, but I'm self employed and have to plan far ahead.…
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Product Transfer rates
My current fixed-term mortgage (5.89%) is coming to a close and we're moving onto SVR (just above 10%) which will take our monthly payments from £589pm to £828pm. Due to some arrears we had on the account recently, we're having to hold out a few months before we can apply for a product transfer. From other people's…
