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ok to live in my own BTL?
I have now paid off my residential mortgage. I have a BTL that I'd like to live in - now that there is no residential mortgage to my name, am I ok to move into the BTL, and rent out my mortgage free place? I'm in yr 3 of a 5yr Kent Reliance BTL mortgage - what options do I have? Could I get them to change the BTL to a…
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Could my lender pull my offer post exchange?
Seeing posts of lenders, especially Nationwide, pulling offers pre or even post exchange due to the rising interest rates, without reason and due to it being baked in their T&Cs they're able to do so. Just saw a post on reddit of someone having Nationwide pull their offer for no reason (could be fraud, but saw so many…
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Remortgaging -
Hey everyone I am looking for some advice ahead of a remortage later this year My current fixed deal ends at the end of June and I’m trying to understand what options might realistically be available before speaking to brokers. Here are some details: Property value around £320–330k Mortgage balance roughly £235k Remaining…
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Overpay mortgage or save dilemma
Hi everyone, My wife and I are shortly to receive £100k from an inheritance and are unsure what to do with it. We have £191k on the mortgage with a current remaining term of 17 years and current fix for next 2 years (originally 5) is 3.28%. We overpay £200 every month on the mortgage already but wondered whether to drop…
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Engage Credit.
hello. I’m new to this and would like to ask if anyone has a mortgage with Engage Credit. We have a mortgage that only has 6 years to run. Initially we were told we were not allowed to over pay to reduce the length of the mortgage. It seemed unfair but as it is a Prime mortgage I thought this is normal. However I have…
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Product switch during remortgage application
We're coming up to 4 months until our existing fix ends and, while waiting for Nationwide to send an offer our way, have watched interest rates jump over the past week - one product we had an eye on was 4.3% last week, and 4.99% this week. I don't want to wait any longer only for rates to rise further, so my question is do…
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Mortagage at ages 65 and 71
What purchase mortages (if any) are available to us at ages 65 and 71? We would like buy a house in the £300,000+ range with a 50% LTV. We live in Wales, are legal UK residents (US citizens) and are both retired with a mix of US and UK pension income. (I tried contacting the mortgate broker who helped us with our current…
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New Mortgage just as rates have went up
Good morning all, We are n the process of buying our new build home just as the volatility has started, my partners credit has made it hard to find a suitable mortgage before all this but eventually found a lender and deal we where happy with. Since the start of the war rates have obviously shot up and while i personally…
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Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
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Unusual approach to mortgage
I'd like to buy a house with my partner (aged 32/33; first time buyers). Financially, I see the advantages as: mortgage interest and house running costs less than market rent rate (hopefully) hopefully appreciating asset with no capital gains taxes tax free income (rent a room scheme) increase in inheritance tax free…
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Applying for a mortgage after a default drops off credit file
HI, I know this has probably been asked before but I’d appreciate some advice. I have a satisfied default on my credit file which is due to drop off at the end of this month (hurrah). My credit scores are still low (I know they don’t really mean much) but hope they will improve once it’s removed. Over the past year I’ve…
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Mortgage Advice
Hi all, I’m after some honest views on whether this sounds promising with Vida Home Loans, as I’m getting quite anxious about it. We’ve applied through a broker to Vida because our credit history isn’t great and there has been a fair bit of borrowing. We’re selling our current home and buying a cheaper one, so the aim is…
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Change of parties - private mortgage.
When my daughter and her partner wanted to buy a house, they were not able to get a regular mortgage as they didn't meet affordability criteria. We then agreed to lend them the money ourselves, as the repayments would be half of the rent they were paying. When the house was purchased, the loan was registered as a mortgage…
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Questions as a Ftb
Hiya we have an Aip in place for £300,000 after viewing a house we like on for £295,000 we would like to make an offer, but are we able too with only having £14,000 out of £15,000 for the deposit? Should have the full deposit by the end of April, but houses are selling within a day in the area we live and we don't want to…
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Should I redo my EPC?
So The plan is to get a heat pump before 2030 as I'm not sure what happens with the next government so I don't have this atm, and atm it can actually reduce your EPC score potentially My mortgage is due to renew next year. I've noticed some providers have "green" mortgages available to those with an A or B rated house.…
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From fixed rate to SVR - Gnatwest
Can anyone advise me please ref. going from fixed rate to SVR? My mortgage is currently on a fixed rate deal that expires at the end of this month. I have already made my max. overpayment for this year allowed under the terms of the current deal. I am in a position to make another lump sum overpayment that will reduce the…
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First direct evidence submission timeframe for new applications
I’ve done the maths on my situation and it actually works out better for me to exit my current Nationwide mortgage 1–2 months early and just pay the £500 ERC. That’s only based on the assumption that mortgage rates stay around 0.5% higher than they were last week, when I applied for a new 5‑year fix with First Direct at…
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Affordability and 2 jobs
Partner earns £17500, and i am self employed , earning approx £8000 for each of the last 2 tax years We want to borrow £150,000 and have a large deposit If I get a permanent part time job ( approx £12000 ) would Nationwide take both my self employed salary and new permanent job salary ( for context I would still carry on…
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Overpaying on my Natwest Mortage
I'm currently 12 months in to a 5 year fix at 4.5% with roughly £190k left to pay over 29 years. I want to overpay this year as I don't think interest on my savings is going to better the rate of my mortgage. I don't want to reduce my monthly payments but I've read that if you overpay more than £1,000 it automatically…
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Confirming what to do - Remortgage
Hi All, We are one of those people who are coming off a great rate (NatWest 1.72%) from 1st April. We went with L&C in Dec and the best deal showing (and still is on MSE) is HSBC 4.04% deal (no fee) 2 year fixed - but has cash back so despite not being the best % wise, the overall cost is better. We locked that in and have…
