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Bad credit rating for not returning a router
Can anyone offer advice please? My step child has been saving for a deposit on a house and working hard. They have just applied for a mortgage though and discovered that he has a bad rating. They had an Internet agreement which they had to leave early and so paid off the requested amount but in the chaos of moving etc…
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Current deal coming to an end
Hi all my current 2 year fixed mortgage deal of 5.20% is coming to an end on the 1st of May on a mortgage balance of £45900. Looking at new rates with current provider is about 3.9% with zero fees on another 2 year fixed if I accept now does the new deal start immediately or will it be 1st of May? I also have max holdings…
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Over paying- lump sum or gradual?
Hi, Apologies but couldn't find an answer anywhere. I am due to receive an inheritance, nothing huge, but it will help. My question is, would I be better paying off a lump sum or overpay each month? Outstanding is 60k Lump sum will be around 15k Is it better to pay 15k off in one go, 5 k a year for next 3 Or Regular…
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Mortgage Advice
Hi What is the best way to tackle this, my mortgage is currently at £157k approx with 17 yrs left on it. 7 years the interest rate is 2.79% then jumps to around 4%. Should I pay as much as I can over next 7 yrs or just keep the standard agreed payment? I have been reading not to clear mortgages but I would have thought…
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Moved: Lloyds Bank brings fictional fraud to life?
This discussion has been moved.
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RIO mortgage clarification
Good morning. Could someone with their feet firmly on the ground please tell me what I am missing and offer some advice? I have £70k savings and I plan to use this as a deposit on a property costing under £100k and borrow the rest on a retirement interest-only mortgage(RIO), which I hope will allow eventual…
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New mortgage and stoozing cards
Hi All. A question to mortgage gurus: I currently own my house, but family has grown over the last few years, so I need to upsize. Unfortunately, that is going to involve getting a mortgage - I'm probably looking at 45-55% LTV.I've got about £40k in stoozing cards, 95% credit utilisation. I appreciate that general advice…
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Self Build Mortgage v Bridging Loan v Personal Loan ??!!
Hello All, we are currently building our new home. We've used the sale proceeds from selling our old house and are about 80% finished. Our lovely mortgage adviser has spent the past year trying to arrange us a self-build mortgage so we have enough to finish. Build Loan who oversees selfbuild mortgages have been a nightmare…
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Broke M60+, no income recently, due inheritance of half a house, chances of mortgaging the rest?
I am a 63-year-old single male, and pretty much broke right
now. In 2019, I sacrificed a small, not very profitable business,
to go home and look after Mum and Dad, as their fulltime carer. They both
passed away 4 years later in 2023. I am a 50% beneficiary in their wills, another
relative is an equal beneficiary. The…
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Mortgage renewal time - but no reduction after BoE rate change?
Hi everyone. Our Santander mortgage is up for renewal on the 6th March when our last 5 yr fixed at 1.79% comes to an end. I've had new deal offers come through some 4 weeks ago and I was hanging on for the rumoured rate change, which we know happened. I found on Santanders website that they'd reduced their rates by the…
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Fixed vs Tracker – Need Advice Before Completion (Halifax)
Hi all, I’m looking for some guidance as I’m very close to completing a remortgage with Halifax (2nd Jan is the provisional date set), moving from a different lender, the recent base rate cut has made me reconsider whether I should switch from a 5‑year fixed to a 2‑year tracker. Option 1 – 5‑year Fixed * Rate: 3.92% *…
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Mortgage Repossession
My friend is behind in her mortgage payments and has had a court letter with a date to appear for Repossession. I have given her advice to try and make things better before court but she’s not listening and I doubt she will even go to court. How quickly after court date will house be repossessed?
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MSE News: Mortgage lenders cut rates for some after Bank of England base rate decision
Many mortgage lenders are cutting tracker and variable rates for existing customers as the dust settles on the Bank of England's decision to cut the base rate from 4% to 3.75% just days ago. If you're on one of these types of mortgages, here's what's happening to your rate... Read the full story: 'Mortgage lenders cut…
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Transfer of title
Hi, I have had a mortgage agreed and I am currently waiting to complete a transfer of title to my ex (next week). Will it mess anything up if I get a personal loan out in the meantime? Any advice much appreciated. Thanks
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Nationwide or Barclays
I am thinking of remortgaging to one of these two (from HSBC) so my 3 mortgage accounts with HSBC combine. I notice Barclays don't do execution only and I have done an AIP with nationwide and the link says further valuation assessment needed. Does this mean both lenders send out valuers for a straight forward remortgage?…
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Crytocurrency Profits as Mortgage Deposit
Hi Guys Just wondering if anyone can help advise me with my current situation. I've got some capital built up this year from profits I've earned through investments in cryptocurrency. This has all been done on one of the worlds largest cryptocurrency exchanges (very similar to a stock exchange) which requires photo ID…
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Standard life endowment
Standard life endowment is due to mature Jan 26, it still appears on track, how likely is it to actually pay the amount it currently is projected? Anyone with recent experience?
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Have a DIP but its 5x our salary?
Have recently completed a DIP with nationwide whom we currently have a mortgage, They said they will lend us up to £265k, but I make that approx 5x combined salary. I thought 4.5x was max for affordability checks in general? I have double checked our salary figures and they are correct. We have a sizable deposit and a LTV…
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Gambling on bank statements for solicitor but not lender
I’m in the process of applying for a mortgage. The lender has asked for 3 months of bank statements which is fine. Problem is, our solicitor has asked for 6 months. I used to gamble a fair bit, never resulted in any debt, loans, or missed payments. In the last 3 months there isn’t any gambling on my statements, but in the…
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Mortgage less than 25K
Does anyone know who offers the smallest mortgage? Nationwide & Santander offer £25K. Thought I would ask the forum save calling lots of building societies and banks and stuck on hold for ages. Need to get a mortgage to access the LISA would like a £10k but anything under £25k would be good. Thanks for your help
