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Residential mortgage with AirBnB annex (looking for advice and experiences)
Hello I'm looking for some advice / experiences of others. We are looking to purchase a house with a granny flat extension (separate front-door but with an internal door to main house, so not a separate building) that is used by current owners as a successful AirBnB holiday apartment. We're keen to continue with the…
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NatWest Mortgage Application Timescale 2023
What is current time frame from start to finish on a mortgage application with NatWest?
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Headlease & Under lease query
My property holds the head lease for the cul-de-sac I live in. There are 5 other properties with under leases. Since we moved in in 2017 we have been paying ground rent to a local agent (within walking distance) collecting on behalf of the lease holder. We have recently received correspondence from another person "N Berry"…
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Could I get a second home mortgage?
I don’t want to go into why too much but I want to work out if it would be possible to buy a 2nd home with a mortgage. Current situation mortgage £60,000 LTV approx 55-60% £350/month fixed for 5 years from April 2024 loan £10,000 payment £298/month for 36 months working full time salary £38,000 Could get a house locally…
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Mortgages for Over 60's
Hi, My partner (61) and I (51) are planning to buy a house together this year. Budget is £150K. He has a cash deposit of £120K and will require a mortgage of £30K. We are both in full time employment and have a joint income of £3,500 each month. During the summer months, he also has guaranteed overtime of approximately…
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Downsizing and increasing our LTV
Hi, I'm hoping someone can advise while I wait to hear from my financial advisor. We are downsizing, and hoping to port our current mortgage of £320k. Our current loan to value is 46% (we have help to buy which brings it down). We would like to move to a cheaper property (as paying off our HtB). If we port our current…
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Remortgage stalled due to insufficient time left on a 99 year lease - how to extend the lease?
Hi all This may well be thought of as more of a legal / land ownership issue than a mortgage one but, unless I am looking in the wrong place, there doesn't appear to be anywhere that quite fits it on MSE (unless anyone has any better ideas). I am, or was till this AM, in the process of remortgaging my flat. It is on the…
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Can anyone help?
Okay so I know it’s my fault completely. However I’ve had a late payment go onto my credit file and I’ve exchanged contracts for a mortgage? What do I do? Will they withdraw it?
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Mortgage overpayment
Hi, I have a 5 year fixed rate mortgage at 1.99% due to end in November 2026 (105k ) and additional borrowing also on 5 year fixed rate at 3.62% due to end in December 2027. (20k) I have 14 years to run on both. I am currently overpaying the additional borrowing by £250 to try and clear as much as possible before the fixed…
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Mortgage with high debt
Hello not an ideal situation but a bit of back story. We moved with 3 children in to a house that needed A LOT of work to make it habitable. In doing the works we have racked up around 65k debt between loans and credit cards. We have a decent wage between us of around £110k per annum so are managing with the debt although…
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Remortgage and Transfer of equity
Hi My sister and I own the property I am living in. We had a 2-year mortgage from Halifax, which is coming to an end at the end of June. We would like to remove my sisters name from the property and add my wife's name to it. This would be treated as a gift transfer, so no finances will be involved. My wife and I have…
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Is this a non-standard construction by definition (layout image included)?
Hi all, I'm in underwriter limbo with Santander, going stir crazy waiting for an outcome. I've been looking around for an answer to this and wondered if others have experience they can share that might help! In January I received a mortgage offer from Accord for a standard Victorian terrace, regular construction. After…
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Santander Mortgage Approved?
Wondering if anyone has had the same experience. We had our formal offer received in the post from Santander on 25th February, all ready to go ahead with exchange etc but then had to tell them the deposit isn’t all being gifted (only my half was now) as it was first all coming from my mum and my partner is instead using…
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Two mortgages, rolled into one at renewal?
As title says, we have two mortgages: We bought our first home may 2018 and sold it may 2022. We ported our mortgage to our new home and also obtained a further mortgage for the remaining amount to enable us to purchase the house. So essentially we have two mortgages, both due for renewal February 2025. My question is, as…
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National Hunter Inconsistency!
Hi there, I recently applied for a mortgage with via a mortgage broker Santander and receiving an AIP from them. They did the valuation straight away and after three weeks of requested documents, the underwriter declined my mortgage. I then tried with Natwest a week later and same thing happened again (aip all approved…
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Was I miss-sold when taking out mortgage?
Ever since the PPI scandal Ive been saying to my husband that we were missold all the insurances we took out at the same time as our mortgage. It was a LONG time ago in 2001 with Midland bank ( who became HSBC)and I can really clearly remember the lady that we had the meeting with advising on the critical illness, life…
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Standard Variable Rate in period nearing end of mortgage term
I will be 65 later this year and my buy to let mortgage comes to the end of its term in 2025. I have just received notice that my current mortgage deal is about to expire, and it transpires that as I have less than 2 years until the end of the mortgage, none of the regular fixed or floating rate deals are available to me.…
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HTB ISA
Yeah I know, I was too old for a LISA. I have read the MSE article on how they work but still don't completely get it. So I have my 10% deposit which includes the money in the HTB ISA (but not the bonus). I believe this is needed for exchange. Then the solicitor applies for the bonus before completion. And this is where I…
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Was Coop's mortgage rate cut genuine?
Alright it might be pushing it to say so, but the Cooperative Bank had some very competitive mortgage offers in early January which they very quickly pulled from the market. We got a 3-year deal through a broker that was £60 cheaper a month compared to all other lenders. As we'd used the brokers for an offer from HSBC it…
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Molo Mortgage
Hello all, Anybody has any experience with Molo Mortgage? I am in the process of applying for mortgage via Molo Finance. However the product fees is very expensive (£6400). Another thing I cannot add the product fees to the mortgage. This is the product illustration Initial interest rate 5.65%Interest rate type…
