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Mortgage overpayments
Hi I am looking at making some overpayments to my mortgage but am unsure how it works. I can afford to overpay by £200 each month but my mortgage is split into two and I am unsure how to split the overpayment between them. My main mortgage is around £191,000 at 4.24% and the second is for £4,950 at 5.85%. The ERC on the…
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Mortgage Buyout Options Accord
Hi all, currently trying to buy out my partner and transferring the equity to me. House estimated to be max 190k value although need a proper valuation, could be 185k.16 year 10 month £62800 mortgage left at 4.58% at that rate for 4 more years.Need £62600 to buy her out assuming 190k is value.Have 10k and can be gifted…
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Santander have changed my mortgage to an offset?
Hi All we have had a mortgage with Alliance Leicester mortgage since 2008, it is a tracker at 1% above the BoE base rate. When Santander took over Alliance and Leicester the mortgages didn’t move they remained as A&L. Our mortgage payments are now £528 a month and we owe £46500 - we have been paying a steady direct debit…
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New Mortgage Offer
Hey, we were in the process of buying a property. In short lost it due to chain collapse and now are buying something else. We have a mortgage offer on what we were buying till June & now our broker has requested the address change is hoping they come back with the same loan offer amount. We thought they would of offered…
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1st mortgage payment
Just a quick query - if completion occurs mid month - hopefully around 18th-19th of this month - when would the first mortgage payment be? Are all mortgage payments on 1st month or can you choose a preferred date? If on 1st month would the first payment be on 1st May for example and would this be the amount for the dates…
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Kent reliance
Hi all what is everyone’s experiences with Kent reliance? Have anyone been accepted with them or declined and if so why?
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Re-mortgaging and releasing equity - save or pay off debt
Asking this question in the full knowledge that I may not be giving all the details needed for an answer but will happily reply to comments with questions on anything I have missed. Due to remortgage in June 2026. House is worth approx £400k and will have a mortgage of about £190k left by then. Our intention is to apply…
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Adding my name to the deeds and mortgage
Hey just wanted to ask re our current mortgage situation. I live with my partner and the house is in his name, but I've always paid towards the bills and mortgage. When the house was bought, I had my name on the mortgage of another property that we hadn't managed to sell yet, so it was easier to go with his name only. That…
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Benefit in Kind (BIK) and Halifax Intermediaries
Does anyone have any experience / advice please? We are applying for mortgage with Halifax and they have just reduced their mortgage offer to us because they say they need to deduct the full monthly amount of the BIK (£400) from our affordability calculations because its a commitment. £400 is shown on the payslip , on the…
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West Brom mortgage application
Going through an application with West Brom. Just wondering how people’s application processes went? Along with that My husband is self employed and we are moving 3& half hours away back to where I’m from. He works in both areas I’m just anticipating their objections to sustainability. His bank statements show he is…
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Any recent West Brom Mortgage Timelines
We had AIP and full application go in yesterday, just wanted to check what timelines/scales to expect going forward? They have mentioned application review in 48 hrs from full application (underwritten in 48hrs). Is this true?? Any self employed? What documents were requested in addition? Full app to offer services times…
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Mortgage Advisor and Mortgage help
A bit about our situation first: -We're currently renting but want to buy as renting is not long term anymore. I work full time in Brighton, I've been there 20 years. My salary is £37,099. I'm 49 years old. My partner is 69, works full time, but looking to retire. He's been with his company 7 years, on around £23k, he gets…
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Natwest Mortgage Timeline - FTB Query
Hi all, long time lurker here making my first post. I'm a first time buyer (just me purchasing) and have had an offer accepted on a house, and have applied for a mortgage with Natwest directly (no broker). I have an AIP which covers the amount I need and I am putting down a 5% deposit. I just have some questions on the…
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Help- mortgage valuation significantly less than offer price
Hi all, Our mortgage evaluation came back today significantly lower than the offer price. Originally house on for £400,000 lots of interest as modernised with new extension etc. We got the highest offer or £420,000. Houses don’t sell in the street often and not a bad area so popular. Unfortunately the mortgage valuation…
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Underpaid final bonus on Endowment policy
I had a Low Cost Homebuyers Plan which matured in 2017. I have just had a letter from the provider informing me that the amount of the final bonus they applied was too low, apologising and informing me I am due an additional policy value of £658. This was obviously a nice surprise but I am very annoyed that the added…
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Stick or twist - new mortgage due to start 1st May!
Hi, thanks in advance for any advice We secured a rate of 4.84% 2 year fixed with our existing bank NatWest. The new rate is due to start on the 1st May. Given the BoE are seemingly going to drop the interest rate on the 9th, does it make any sense for us to take a gamble by terminating the new deal and going on to the…
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Recommendation Mortgage Advisor
I'm looking for recommendations for a whole-market Mortgage Advisor, who can deal with a not so straight forward mortgage application and who is willing to communicate via email, not telephone as I'm partially deaf and understand things better in written form. Thank you
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NatWest Mortgage Application Timescale 2024
What is current time frame from start to finish on a mortgage application with NatWest?
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West Brom Application Process
We put our application in this morning and this has happened already. Any experience with West Brom from anyone? Does this mean they are happy with our documents and if all goes well with valuation we will get offer? It’s happened sooo quick I’m unsure how good it is. Is it too good to be true? Thank you!! X
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Going 'interest only' for a while to clear debt?
Just wanted to run this past you lot. An idea I had as an
alternative way to clear some residual debt. Please pick holes in the plan, as
always your feedback and guidance is valuable. My current mortgage situation- house value around £475k /
mortgage balance £100k / debts around 7k, terrible credit history but all
payments…