-
Do you need to remortgage to do a transfer of equity?
My husband and I have separated and I'm in the process of removing his name from the mortgage and doing a transfer of equity. My lender is telling me I need to remortgage but I am not borrowing anymore or extending the term. I have 3 years left of my fixed rate and have a low interest rate currently. By remortgaging it…
-
Own New Rate Reducer
Hi, what's everyone's thoughts about this New Build Scheme. Where they will give 3% or 5% deposit contribution which will give you lower mortgage rates
-
Halifax Mortgage
Absolutely chuffed to have received email confirmation of our remortgage offer with Halifax yesterday :) In the process of getting all the solicitor forms completed now! Do we also receive a copy of all the documents through the post in addition to the email confirmation sent via our broker? Many thanks in advance
-
Do I qualify as First Time Buyer ?
Hi. Idk if anyone can answer my doubt but here it goes: I'm looking to buy my first house in the UK as I'm a British citizen now, but like 20 years ago, when I was still living in Spain as a Spanish citizen I bought a flat in Spain and then 4 years later I sold it. It was around 2008. I moved to the UK in 2015. Do I still…
-
Let-To-Buy
Considering a Let-To-Buy to provide a stop-gap as my property needs a little more time to sell than our vendor is prepared to wait. I'm familiar with the principles of a Let-To-Buy (including the additional stamp duty) but wanted to know if keeping it on the market is an option? or if it needs to be removed at the point…
-
Maximum length of time to extend a mortgage offer?
Hi all, I was really lucky to receive a mortgage offer for a freehold house owner-occupied within 3 working days from application mid January - it expires on the 14th July. I have recently had to pull out of the purchase it was for, and it is being transferred to a similar house (valuation was Monday so hopefully will be…
-
Paid off mortgage with Nationwide, final statement? Overpaid by £58.
Hi I paid off my mortgage end of January. The last payment by direct debit (£58) was still made, thus putting the mortgage in credit. At the beginning of Feb I received a letter telling me the mortgage had been paid and would be closed. I expected some kind of final statement but haven't received anything. Also the £58 I…
-
Is it possible for me to get a mortgage?
Hello everyone. During previous financial difficulties, I experienced some defaults around 2019. The last of these drops off in May 2025. I have always been working to that date in terms of applying for a mortgage. However, due to my current circumstances, I am now looking for somewhere else to stay, which means do I rent…
-
Initial underwriting
Hi, just been told by mortgage advisor, that lender advised that we have passed initial underwriting. What does that mean? We are using valuation , which was already done previously. They only had one question at this stage, asking if my mum will live with me and asked memorandum of sale. Is this a good sign?
-
Porting my mortgage
I am planning to port my mortgage but the property I was supposed to buy has fallen through. I will probably go ahead with the sale of my property as I have 6 months to complete somewhere else before penalties kick in. My property is selling for 400k (100k will be my equity). As I'll still be paying my mortgage for…
-
Basic Mortgage questions
I'm a bit confused as to how mortgages work. So the amount of money you can borrow is dependent upon 4 times your year income. That's the most you can borrow. Let's say that's 180k. So does that mean you can only go for a property which is 180k or less? What if someone has 20k of savings. Does that mean you could actually…
-
Massive LTV increase right before remortgage. Help!
I'm having a bit of a panic. We purchased our property in September at 505,000. The countrywide valuation was 500,000 at the time back in July. We remortgaged with Nationwide as we were able to port it over. My fixed rate is now coming to an end on 31 March. I have been logging in to check rates over that last few weeks…
-
Coventry Mortgage
Hi we are just in the final stages of buying our new house. We have mortgage offer with Coventry, have noticed they did a hard search in January before the offer. What appears strange is that the search is no longer there. My main question, does anyone know if Coventry Building Society do a final check before completion.…
-
BTL Remortgage predicament
Hoping for some clarification and advice on this! Situation is that my dad and I co-own a rental property (privately, not through a company). Value around 300k and we owe 150k. Both our names are on the deeds and we have a joint mortgage which has worked fine since the purchase in 2015. Our current fix of 2.35% ends on…
-
Mortgage Offer
Received a mortgage offer yesterday, it's to pay off some credit cards and the rest for work to be done on the house. The credit cards are on 0% interest and the bulk of the work for the house is unlikely to be done before the summer due to availability of the builder, although I could get bits done before that. The…
-
Estate agent is trying to sabotage my offer, please advise
I had an offer for a house accenpted in the sum of £208k paid for with a mortgage. I’ve been told that someone else had offered 206k cash but the vendor chose me. The estate agent (EA) tried to set me up with their in house mortgage broker who charges £400. I opted to use a different mortgage broker who doesn’t charge a…
-
Mortgage appeal with Santander- what are our chances?
Hi all first time posting on here and wanted a bit of advice! We were recently declined a mortgage with Santander after an AIP. We had our offer accepted on a home £355,000 our deposit was £135,000. My husbands career is quite niche & physically demanding. Because of this it has an early retirement age (38) however he has…
-
Port or new mortgage?
Hi, Hoping for some advice which would be appreciated! We are currently on a fixed rate offset mortgage (2.09%) until 01/10/24. We were planning on moving to a bigger house after this date, but our "dream home" came up on the market and we are in the process of buying it. It requires us to borrow ~£150k more, taking our…
-
Can I get a mortgage with Halifax or another supplier with a settled 6 month default?
Hi, myself and my partner have had an offer accepted on a house in December 2023 a week later my partner had a default registered on his account but this was then settled. We’ve been told to wait 3/6 months to re try for a mortgage. Owners are happy to wait for us, which is amazing! Is it likely that we’ll get a mortgage…
-
1 missed/arrears payment within a Joint Mortgage Application- Significant?
Hi all, My wife and I have a joint mortgage with 3 dependents. All the figures have been worked out and should be doable around August this year to start the process. Just discovered my wife has 1 missed/arrears payment last September (2023) In respect of a joint application (I have no late payment/arrears) would this…
