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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…
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Random Audit Nationwide
Hi I am new to this forum trying to understanding what is going to my mortgage application. DIP on 09/01/2024 Full mortgage application Nationwide on 21/01/2024 3 months salary slips 3 months statements Proof of address and ID Proof of wage increase I was asked to submit January bank statement and wage slip on 09/02/2024.…
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Santander timelines - 2024?
Hi all, Just did a forum search for Santander timelines and most of the threads are quite old (like this one) so wondered if anyone has recent experience with them? Full application done about 10 days ago on 12th March. Valuation done on 18th March. Report received 20th March, confirmed application back with underwriters.…
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Two hard checks?
Hey! First time posting here, so hopefully this is the right place! FTB here. Our broker sent our mortgage application on the 13th March and so far the lender has done the following checks: 05/03 - soft credit check (affordability check, this was for the AlP). 13/03 - hard credit check (this one was as soon as the…
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Mortgage application process
Myself and my husband have a house and we’re looking at buying a new one this year. I also work away from home so we’re unable to physically attend an appointment I have debts totalling around £1200 he is unaware of, for the mortgage process is it possible to do our credit history assessments at separate times? Thanks
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Mortgage - No fixed abode
We recently turned our own home into a holiday let, and got approval from our mortgage company to do so (Nationwide - personal repayment mortgage). The problem is now we are coming up to the end of our '5 yr deal'. We thought they would allow us to swap deals (as I know others that have turned their own homes into rentals…
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natwest mistake
so last month we had a issue with natwest where a complaint was raised as there system was calling for out mortgage direct debit to be taken twice in a month. the complaint was raised and settled with us receiving a small amount of cash as compensation and I was assured the issue was sorted and would not happen again.…
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Anyone applied for a HSBC Mortgage recently
We submitted a full mortgage app with them on the evening of 21st Feb - so just over 3 wks ago, after receiving DIP, all via a broker, we have a Ltd company so was always going to go to underwriters despite good LTV etc. 1 week in Broker said all good and to expect certificate/loan papers in next 3 days. Then all of a…
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Resolved
Resolved Resolved Resolved Resolved Resolved Resolved Resolved Resolved
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Mortgage with defaults - mortgage advisor saying they are treated like an IVA?
Just wondering if anyone could give me some advice. I have three defaults on my credit report that were first registered in 2018. I have since been making payments to the debt collection agencies so every month they are marked with a D. My mortgage advisor is saying that because they are “active” they are treated by…
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Mortgage offer Deadline
Hi Our mortgage offer is only valid unitl the 29th February 2024. I can not see us completing by this date, we paid £999 up front and if we ask for an extention or new product will we lose the £999. Please advise
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Mortgage with incorrect defaults on file
Hi, I entered into an IVA in Feb 2018, that is all done and dusted, over 6 years and gone off my credit file etc. apart from 2 accounts that show a default date of August 2018 that were included in the IVA (they should be gone too). I recieved a mortgage in principle from the Halifax earlier this month who asked if I’d had…
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Help to Buy - Repay after 5 years or leave as is?
We purchased our house for £599,950 in April 2019 using the Help to Buy scheme (20% interest-free loan for 5 years). We took a bit of a gamble in that we bought a substantially bigger home with a view that we wouldn't need to move again (I was 31 at the time), so I viewed the repaying of the 20% as our final move up the…
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Mortgage fee if no offer is made HSBC
Hi there, We had started the mortgage application for a BTL property with HSBC. They already took £2k fee and doing the valuation next week. Just wondering now what will be the situation if they undervalue the property or don’t finally make us an offer. Will they keep the fee or part of it? Regretting now a bit to pay…
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Financing options with existing equity release charge
Hi All, I am looking for advice on what (if any) options are available for my parents regarding the following scenario: 1. Property value c. £385,000 2. Existing lifetime mortgage (split into three chunks with Pure Retirement at rates of 3.64, 3.99 and 4.85%). 3. Further equity release wanted c. £30-45k 4. Age of youngest…
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Mortgage application for self-employed refused, next steps?
Hi, We have 7 years and about £175,000 remaining on our 25-year mortgage. We're currently on life-time tracker with Bank of Scotland 0.85% above BoE, so 6.1%. At the moment we pay £900 per month interest-only. I've applied via Fluent Money (got linked to them from MoneySuperMarket). They assessed us as: 1. Excellent credit…
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Endowment policy.
In 1995 I purchased a property and had a variable mortgage with an endowment policy running alongside it. Shortly after selling the property in 2001 the endowment policy which was with Axa Equity and Law at the time went missing. I'm desperately trying to track down the policy as it may possibly have some kind of monetary…
