-
Mortgages & Endowments sticky
Please be aware of the MSE Forum rules when posting on this board, notably: * If using the Forum as a professional, please note that posting on behalf of your business is only permitted if you are an MSE verified user. * Advertising and spam are not permitted. * Do not share any personal information, such as your own or…
-
fix or tracker for two years
Considering the current climate, what would you guys do? Ive been offered 4.99 fix or 5.79 tracker (0.54 above base) tia
-
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…
-
Mortgage with Defaults
Hi, Probably a topic that has been discussed plenty. Just wondering if any mortgage advisors here could advise how big an impact 1 or any defaults could have on getting a mortgage whilst they remain on your credit file? I'm debating whether to pay off all my debts incurring big interest along the way or to allow them to…
-
Is it possible to port offset mortgage to a house bought with cash few months before?
Current house has a very old offset mortgage with little balance remaining and is fully offset with money in linked current account. Is it possible to: - Remortgage it to another offset, ideally interest only and as low deposit as possible. - Put funds released from equity back into offset as savings, effectively paying no…
-
Want to overpay but really confused
Will probably need to speak to a mortgage advisor as I'm quite clueless but wanted to get some initial ideas if I'm able to. Have a smallish mortgage on a flat (live in, not buy to let) and come to end of cheap fix in November. I'm hoping to make an overpayment soon to help with the inevitable increase in interest cost.…
-
Mortgages and CCJs - Advice needed please
Good morning, We are remortgaging our property and as we have started this with a broker we were rejected by two banks. We always thought we had good credit scores so this came as quite a shock, and then when we used Experian to see our credit history there is a County Court Judgement against my husband. It appears that…
-
Barclays overpayment vs part redemption
Hi All, This is just an FYI - I have been chatting to Barclays about over paying my mortgage. Apparently there are two types: overpayment and part redemption. The overpayment is limited to 3x the monthly repayment amount and goes towards reducing the term. The part redemption allows up to 10% of the outstanding balance per…
-
Re-mortgage How Long to Fix For
I a currently in the processing of re-mortgaging to buy my ex out of our shared property. I have been looking at rates and 5 year fixed seems to be the best but with the speculation that interest rates are likely to go down what would others do in the same situation? Fix for 3 at slightly higher or the 5 years?
-
Alerts for mortgage rate
I have a deal locked in for a remortgage on the 30th June, but would like to keep an eye on any better deals between now and then. Is there some kind of App, or website that will alert you to decreases of increases between now and then? Thanks for any insight here.
-
Mortgage overpayment issues
Me and my wife have been overpaying our mortgage by the allowed 10% for the last 3yrs. We did it in February and in April our Bank bank reduced our monthly repayments by £320 so basically by the end of this financial year we would not have overpaid anything and they have had cash in advance. I asked if weccould continue…
-
When my mortgage ends what are the banks likely responses?
Partner and I have a joint interest only mortgage with 170k remaining that ends in 7 years. We don't have a formal repayment vehicle and certainly don't earn enough currently to switch to repaying it. Without contacting the bank directly - Lloyds in this case - I wanted to hear from others about what the bank does when the…
-
Overpayments and bank working against us
Although I am currently in 4 year of a fixed rate, the bank started what they call a yearly review of their mortgages under the banner of checking that you will still pay off your mortgage at the end of the full term. I am however an advocate of overpaying, and have been doing so on this mortgage for the last 3 years which…
-
Redemption statement and mortgage repayment different
We are currently remortgaging and have finally received our bill for completion today, but the amount to repay our previous lender is £3k more than our mortgage offer! This is £3k I wasn't expecting to pay and don't have readily available... There was quite a large gap in time between our redemption statement being sent…
-
FTB- Property Query
FTB here, so currently going through purchasing a leasehold flat. So I wanted to ask if anyone else has been in this situation. So the property is originally marketed as a standard leasehold flat of which is from a converted house. The lease is between the freeholder (this is a separate entity) and Management Company (this…
-
First Time Buyer
First Time Buyer. Have began to view a few properties which includes one tomorrow which all being well I will place an offer on as it's on the area I want and in my price range. Fingers crossed! A few months I went to a IFA and got a mortgage promise and my top range is around £130K on a 27k salary rising to £30k later in…
-
Are we expecting BOE to remain at 5.25% on 9th May 2024?
Will trackers decrease further, ie a rate closer to the BOE rate, or is that it for trackers.....not much movement since January on them.....
-
Product Transfer advice - Bluestone
Hi - looking at possibly remortgaging with Bluestone due to adverse credit. If we were successful in our remortgage application and secured a fix - either 2 years or 5 years, how does it work with Bluestone when the fix comes to an end? Do they offer product transfers? I know you have to apply through one of their…
-
Specialist Lenders?
I've recently had an offer accepted for a property, but it has two unfinished rooms and one unfinished bathroom, making it unsuitable for traditional mortgages. Do you have any experience with specialist lenders who might be able to assist in this situation? I've been advised to contact them directly, but I'm unsure where…
-
HSBC Mortgage application timelines
Hi All, I not found any recent HSBC mortgage application timeline that’s why I started new post. My application timeline as below. AIP & Application : 11th March 2021 Credit search : 11th March ( 7 time soft search & 1 hard search) credit search : 17th March 2021 Ask additional docs: 17th March 2021 Docs submitted : 17th…
-
Connells valuation and offer WITHOUT valuation??
Hello. Are Connells that bad and down valuing properties a lot? I am a seller, our property was valued at certain amount 3 months ago by a different company ( RICS valuation) done by me) and our buyer has got a mortgage offer. ( as per estate agent's words) Now he wants probably a better rate and re-applying ( not sure if…