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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…
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Joint Purchasing a Second Property when I have existing Solo Property with HTB Loan?
Hi there, I bought a flat myself as a sole applicant last year under Help to Buy Equity Loan - I have not paid the loan back yet but my repayments are very affordable. My partner and I are looking potentially in the next 2-3 years to move outside of London and purchase a home together. I understand I cannot rent out my HTB…
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Lenders not wanting to lend
I am going for a mortgage app in a few weeks however I have been told that a lot of lenders are being very picky or looking for reasons not to lend. Is this the case or should I pay no heed?
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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.....
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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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Mortgage and Partner's Credit Rating
Can someone please advise if my husband’s credit rating will be negatively affected if he adds me to his mortgage? We have separate finances and he’s got a perfect credit score. I had a voluntary house repossession in the past which will continue to affect my credit rating for another 3 years. I want to pay a lump sum…
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Barclays lending criteria warning
This is a tip to potentially save wasting time with application with lenders, Barclays in particular, by checking their lending criteria upfront. According to feedback received from Barclays mortgage advisor, they use an independent surveyor to indicate suitability of property to lend on. Having wasted several weeks of…
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Precise Mortgage Valuation Timescale
Morning all. I'm just wondering if anyone has been going through the same issue as us. We're currently waiting for Precise to sort out the valuation on a property we're trying to buy. We were told by our broker on 18/4 that our application had been given the go ahead for valuation. Our broker has been chasing for updates…
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Mortgage after exchange (weird one)
Hi all, after mortgage approval and now at exchange it appears a new credit entry from PayPal credit has appeared with historical data showing missed payments I'm 2019, 2020,2021 are showing. This was not there when mortgage was applied for in May this year. Could this cause issues days away from completion if a check is…
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Help understanding how much is left to pay on my mortgage please - Nationwide
I recently re-mortgaged with Nationwide and am struggling to understand the online account screens, and therefore how much total capital remains to be paid off. I have made a couple of overpayments in excess of £500 and received a letter each time confirming by how much these had reduced the mortgage term. However, I also…
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Kensington Mortgage application timescale
Hi- I hope this is the right place to post. We are waiting (almost 3 weeks) to hear from Kensington about our application. We were expecting lots of extra paperwork requests from what I have read on here. Anyone been through this that can maybe reassure me please? How do I know when they have done a valuation? The credit…
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Overpaying sub accounts
Hi, I have 3 sub accounts and allowed to over pay by 20% per year. 1) 43,300 left allowance overpayment until Dec £6,500 2) 10,300 left allowance overpayment until Dec £1,700 3) 1,882 left allowance overpayment until Dec £184.00 they all have the same interest rate 5.41% fixed ends March 2026. I am overpaying £500+ extra…
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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…
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First time buyer questions-underwriting
Hi, So i am in the process of buying my first home and we are currently waiting on underwriting (halifax) what is the usual time scale and order that things are done? So far we are nearing 2 weeks since full submission the bank had a valuer at the property yesterday and today they have performed a second full credit check…
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Remortgage for 2 yrs or an 18 month loan
One 1 of 2 of my mortgages expires in Aug24 with 18 months on it. Nationwide will offer me a 2 year fixed rate, or I could let it fall onto the 7.99% standard rate. Come August, there will be £10.5 left on it. I'm considering moving the remainder onto a loan which have rates of 5.9-6.2%. Does anyone have any advice and…
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Remortgaging shared ownership
Hi all, My mortgage is coming up for renewal in July, up to now I have kept with the same lender by product transfer, so no credit checks. My house value has gone from £169000 to about £240000 maybe more (zoopla estimate) since moving here and i have 40% shared, my finances have changed since the initial mortgage, I…
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Joint mortgage with brother request
Hi - my brother has been through a protracted, nasty divorce and wants to take over mortgage and remove his now ex-wife. All agreed by court etc. However, bank won't lend him money as he had a period of not-working (during mental health crisis during divorce). Is now stable and on decent money and covers costs each month…
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Semi retirement and my mortgage
Hello - first post here so I hope you bear with me. i am able to take my pension aged 55 in June, and return to work contributing to another pension scheme on reduced hours. The new pay combined with my monthly pension will be roughly the same as my current income. I have a Help to Buy loan which I intend to pay off in…
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Residential into BTL and viceversa
Hiya lovelies! Trying to do the above (converting our current residence into BTL and move ourselves into what is now a BTL) and thought that it would be a somewhat straightforward process but it’s proving otherwise…😓. Current broker is L&C and we had just the residential application rejected. Excellent credit scores, loan…
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Pepper money? Anyone have any experience good or bad please
Just wondering if anyone has any experience, good for or bad, of Pepper money for UK market. When googling only negatives are apparent. I’m certain that’s not a true reflection of a company as most people I think only tend to review if they’ve had a bad experience. Anyone?
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Repossesion
I had a home repossessed in the recesssion of 2009 . I have now £190000 to put down on a home . I have no defaults or ccjs standard credit history will I still struggle to find a mortgage? Looking at borrowing £110000