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Mortgage when splitting with partner
This is probably more legal but I'm not sure where to post so sorry if this is incorrect. I'll also be getting proper legal advice. This is more a "what can I expect" sort of request I bought my home with my ex husband in 2016. We divorced and had a gentlemen's agreement about the equity. My new partner moved in mid 2019.…
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Joint mortgage agreed in principle, but an old pay day loan from 2018 has appeared on my file?
So me and the Mrs have had a joint mortgage agreed in principle on a £370k house with a deposit of around £135k. We have had our mortgage approved in principle through a broker and through RBS. I had some pay day loan history back in 2016-2018. This should be off my file, but one company, The Money Platform, have for some…
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Merged: Prefect credit report but still rejected
This discussion has been merged.
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Remortgage - Affordability Question
Hi, I am due to remortgage in June 2026 and am currently roughly half way through paying off a 10k loan at £211 per month - I know this will be taken into account for affordability at remortgage stage and wondered if it would be better for me to take out a new 5 year loan for the 5k balance (which would reduce my monthly…
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Advice on broker needed
Please excuse my niaivity, I have been speaking to an advisor and they seem to think with the situation I'm in I can get a mortgage offer, but as it's a relatively low deposit the monthly payments would be possibly too high. I said I may need to wait until April when I can save up another chunk and get another £1k, ie 5k…
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Can I mortgage my french property to release cash
Hi, My husband and I own a property with no mortgage in Brittany, France. We've had it for approx 20 years. We would like to access some of the money in the property. How can we go about this? Is it possible to get a mortgage or loan with a french bank even though we don't live in it. It is just a second home, we do not…
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Number of Committee members
Firstly apologies, I don't know what category to put this in. I need to know what is the number of committee members required preferably legally for a committee for the following. - A housing development consisting of 16 private properties - Built on freehold land - The committee consists of residents only - To oversee and…
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Releasing Cash from House
We are a retired couple, no dependents aged 69 & 70. House value is circa £220k and we are looking for some advice as to release some cash to enjoy during the last few years on this planet. We are not planning on leaving a "big" will to any relatives. Our thoughts are if we can leverage as much as we can (up to 50%?) of…
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Equity Release Advice
Where is the best place to get honest and straight forward advice on getting Equity Release? We are in a crisis over a bank charge on our home due to a security given for our business, which went into administration 3 years ago. My husband is 76 and I am 73. The house only has 23k left to pay on mortgage and the equity is…
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Pepper money? Anyone have any experience good or bad please
Just wondering if anyone has any experience, good for or bad, of Pepper money for UK market. When googling only negatives are apparent. I’m certain that’s not a true reflection of a company as most people I think only tend to review if they’ve had a bad experience. Anyone?
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Downsizing and porting existing mortgage
We have a c.300K mortgage with Santander on a property worth c.600K (so about 50% LTV). The mortgage product/rate we're on (fixed) has a maximum LTV of 75% (so we're well within that). Since buying the house, for various reasons (including home improvements), we've racked up a few loans and credit cards. Our plan is to…
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Mortgage Complaint - Private recording, can I share transcript and/or audio with the FOS?
Hi, Long-standing mortgage complaint currently with the FOS where the initial adjudicator rule in my favour but the ombudsman has not upheld my case but I have one final opportunity to submit new evidence. As someone who has worked in finance for over 13 years, albeit, in a different industry I felt I had a very strong…
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Borrowing lump sum for extension. Remortgage, loan, other?
Hi everyone, Could I have some advice please? Brief financial outlay below: Property value 325k Outstanding mortgage 90k and 10 years left Joint income 75k We need 60-70K to modernise and extend property What would be the best way to borrow this extra money to fund this?
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Holiday let mortgages
Does anyone know on the web where holiday let mortgages can be compared? It is very limited on moneyfacts.co.uk Many thanks.
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solicitor asking for money 3 years from completion
Hi completed my house in june 2022. I have today had an email from my solicitors asking for 1030 that is outstanding They have forwarded an email i was apparently sent in December 2023 with a financial statement but I don't have a copy of this and i certainly don't have a letter. Looking at it the difference is in what the…
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halfway through 5yr BTL at 5.74% int. remortgage with same company - fees?
I'd like to be up to speed before I start approaching people: I'm halfway through a £125000 BTL at 5.74%, with a ERC of 3%. with Kent Reliance. They now do a similar product at 4.3%, which could save me nearly £300 a month. If I ask to go on to that one, would they insist on the 3% ERC, even if I'm staying with Kent? I…
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Do Halifax accept developer deposit contribution?
Hi, I currently have a mortgage with Halifax, but Im looking to upsize to a house. My household income is c£74k. From my research, Halifax typically allow 4.5x (£333k) but increase this to 5x (£370k) if it's 85%LTV or lower. The new build house I've looking at is £420k and I have roughly £40k deposit. This leaves me a…
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Wether or not to pay a product to fee
Hi, We're coming to the end of our fixed rate and only have about £20k to pay. When comparing mortgages with and without a fee am I understanding this correctly? Option1: 5 year fix No fee £318.64/mth Option2: 5 year fix £995 fee £316.68/mth So, over 60 months I would only save £1.96/mth or £117.60 over all, so I'm better…
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Remortgage- queried payment to familyc
Currently remortgaging as my term is up. i send £150 to my parents every month to pay off a sofa they lent me money for. They’ve queried what this standing order is for. I’m worried about saying it’s to pay off a small debt that way. Would it be better to say it’s for childcare that they do for me (I have paid them similar…
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What's the best way to repay a mortgage?
Suppose you take the starting point to be a repayment mortgage at 4%. This should be the equivalent of an interest-only mortgage at 4%, plus savings yielding a net interest of 4%. Rather than using ISA savings to repay the interest-only mortgage, if I used the 25% tax free lump sum from my pension, I would have benefitted…
