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Any advice on who to approach for a mortgage?
Hi, I was hoping someone might be able to offer some advice as I'm just getting myself stressed out :( I an a 48 year old guy, working full time and earning £37k per year with a deposit saved of £15k. I'm looking to buy my Housing Association flat which is valued at £160k but I'm entitled to a £10k reduction due to Right…
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Buy to let age limit
Has any one got a list of lenders that will lend on a buy to let, until 85 or no age limit at the end of term? Thank you
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Natwest Application - how likely
Wondering if anyone can give me some peace of mind as im losing sleep here! My husband and I are first time buyers who have put down an offer on a house that pop up out of the blue but we love. We've gone through a moneybox mortgage broker who matched us with Natwest. Our situation I am 2ish years into my Visa in the UK…
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Future Mortgage Rates
Given that current 2 and 5 years fixed rates are around 4-4.5% with 25% equity, where do you see these fixed rates going if the base rate drops to say 4.25% by the end of the year - Will they remain where they are, or could they drop to around 3-3.5% under the same LTV? I know we can't predict the market though, it is…
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Mortgage monthly payment increase - within term - why?
Good morning, Nationwide has increased my monthly payment in March from February by £5.39. I am within term - my current mortgage term finishes on 31st August. I have made maximum overpayment. When I asked N/wide, the person said ‘sometimes payments are adjusted in the final stages of a mortgage term’. I told them I have a…
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Remortgage existing home to buy a flat?
Hello All My house is now mortgage free. However, I'm thinking of buying a flat in a block nearby. They go for around 250k but I would only have around 190k in cash. Therefore, I was thinking of paying for the difference using a mortgage. Originally I was thinking of getting a mortgage directly on the flat itself but given…
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Are Reassure a scam company?
It feels like it to me. Long story short. They took over my FMISA from L&G on September the 7th and it was due to terminate on the 9th October after 20 years. After many calls and filling in forms they paid my policy half but not my wife's. Every time I call them its another hour of my life lost on hold to get nowhere. on…
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Info need please, lender reduced monthly repayment after overpayments
Hi, My first post, so apologies if this info is already available somewhere but my research didn't return any positive results. I'm two months into my second year of a 5 year fixed mortgage and after a small windfall have recently made several overpayments totalling around 50% of this years allowance. This triggered my…
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Struggling to pay mortgage
Hi I'm currently going through a divorce. We own 2 houses, both with mortgages, I'm in 1 with my young children and he's in the other house. He had been paying the mortgages up until October then we got the mortgage charter for 6 months interest only until March 2024. He will be redundant at the end of April and no job…
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Gifted deposit from company
Hello everyone, My parents kindly gifted me some money for a deposit (£15,000). This money comes from their limited company and the only sole owners of this business are my mum and my dad. What’s the best way for them to remove this money from the business and transfer it to their personal bank account? Obviously profits…
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Bank / solicitor recouping money after settlement.
I am administrator to my father's estate with no will so it has been divided equally between his children. The final asset was his house which had a mortgage and when my solicitor ran their checks it showed a charge against the property (same lender as mortgage). I was asked by the solicitor for further details of the…
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raising capital
hii own 2 properties, 1 i live in and 1 i rent out...both mortgage free. how do i decide which property to raise capital with?where am i best looking to raise the capital?is this a better prospect than equity release?thanks reuben
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Mortgage overpayments
Hi I am looking at making some overpayments to my mortgage but am unsure how it works. I can afford to overpay by £200 each month but my mortgage is split into two and I am unsure how to split the overpayment between them. My main mortgage is around £191,000 at 4.24% and the second is for £4,950 at 5.85%. The ERC on the…
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Mortgage Buyout Options Accord
Hi all, currently trying to buy out my partner and transferring the equity to me. House estimated to be max 190k value although need a proper valuation, could be 185k.16 year 10 month £62800 mortgage left at 4.58% at that rate for 4 more years.Need £62600 to buy her out assuming 190k is value.Have 10k and can be gifted…
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Santander have changed my mortgage to an offset?
Hi All we have had a mortgage with Alliance Leicester mortgage since 2008, it is a tracker at 1% above the BoE base rate. When Santander took over Alliance and Leicester the mortgages didn’t move they remained as A&L. Our mortgage payments are now £528 a month and we owe £46500 - we have been paying a steady direct debit…
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New Mortgage Offer
Hey, we were in the process of buying a property. In short lost it due to chain collapse and now are buying something else. We have a mortgage offer on what we were buying till June & now our broker has requested the address change is hoping they come back with the same loan offer amount. We thought they would of offered…
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1st mortgage payment
Just a quick query - if completion occurs mid month - hopefully around 18th-19th of this month - when would the first mortgage payment be? Are all mortgage payments on 1st month or can you choose a preferred date? If on 1st month would the first payment be on 1st May for example and would this be the amount for the dates…
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Re-mortgaging and releasing equity - save or pay off debt
Asking this question in the full knowledge that I may not be giving all the details needed for an answer but will happily reply to comments with questions on anything I have missed. Due to remortgage in June 2026. House is worth approx £400k and will have a mortgage of about £190k left by then. Our intention is to apply…
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Adding my name to the deeds and mortgage
Hey just wanted to ask re our current mortgage situation. I live with my partner and the house is in his name, but I've always paid towards the bills and mortgage. When the house was bought, I had my name on the mortgage of another property that we hadn't managed to sell yet, so it was easier to go with his name only. That…
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Benefit in Kind (BIK) and Halifax Intermediaries
Does anyone have any experience / advice please? We are applying for mortgage with Halifax and they have just reduced their mortgage offer to us because they say they need to deduct the full monthly amount of the BIK (£400) from our affordability calculations because its a commitment. £400 is shown on the payslip , on the…
