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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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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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ERC refund - minimum time between transactions
Hoping someone can help my tired brain. I can see online that Halifax will refund an ERC if you take out a new mortgage with them within 3 months of paying off your previous mortgage. What is the minimum timeframe to complete on the new place for them to deem it non-simultaneous and therefore allow the refund? Thanks!
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Mortgage shortfall
Help just received letter from hessonite mortgage saying I owe £14000on house repossed 11.5 years ago is there anything I can do
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Ex refusing transfer of equity
Hi all, need help! Bought a house (equal rights) with my fiancé 18months ago and we broke up a year ago. I’ve offered to transfer my equity/share of mortgage to him and remove my self from the title deeds walking away with £0 just to get rid of him and anything to do with the house. He is refusing to do so, saying he won’t…
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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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taking ex off the mortgage , i have an issue with the solicitor, help needed
hi everyone, bit of background on my situation , bought a house with my ex 2 years ago , we split and she moved out 9 months later, we agreed on how much i was to give her and everything going fine, had my mortgage offer from the bank to put in my soul name around June 2023. i then got a local solicitor to do the paper…
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Mortgage on a static caravan?
A friend lives in a rental property and wants to buy and live in a static caravan on a proper residential site. Do lenders do mortgages for this?
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Stamp duty when buying in to partner's property
I'm struggling to find good resources online to self-educate ahead of speaking to a solicitor. Does anyone have insight on the below, or anything related that is worth knowing? Thanks! As far as I understand when buying into a partner's property you must pay stamp duty (or Land and Buildings Transaction Tax (LBTT) as in…
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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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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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NatWest Mortgage Application Timescale 2024
What is current time frame from start to finish on a mortgage application with NatWest?
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Santander extra borrowing - extra picky?
Hi, just wanted to run this by the forum, see if this seems sensible to those with more knowledge than us. We currently have a mortgage of £72k, on a home worth roughly £160k - and are 18 months into a 5 year fix with Santander at 3% (Lucky we re-mortgaged when we did!). We have around 18 years left on the mortgage, and…
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How does it work..
So I’m currently in a deal until oct 26 with Halifax and have savings which I’ve locked away to get the best savings rates as currently my mortgage rate is 1.4 or thereabouts. I would like to know if I waited until the end of my deal and get changed to the SVR can I then make a larger overpayment without penalty then take…
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Remortgage calculations
I haven’t been around this forum for a while but I’m hoping someone more knowledgeable on here can help with our remortgage dilemma. We currently owe about £189000 over 26.5yr. We can product switch with Halifax 2 year fix £1090 5.19%5 year fix £1026 4.61% We haven’t found a product with another lender that we think would…
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Mining Report Query from solicitor
Hi all, Need some advice or previous experience from people who have been in the same situation :smile: So my solictors pa rang me as well as emailing me the following : "In relation to your search reports, we have reviewed the mining report and notes that a subsidence claim was made within 50 meters of the property. This…
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Borrowing money against my home for extension
Hi everyone, I'm looking to borrow 100k against my home so I can build a double story extension. The extension doubles the sq meters, so it worth doing rather then moving. The question I have is, can I just remortgage my home or apply for a mortgage? I don't owe anything on the property and I dont have and other…
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Mis Selling Mortgages
I hope you can help me please. I have been contacted by a company called Lawcost Legal Limited who apparently have bought out Commitments Protection with regards to mis selling of mortgages.I did have a PPI claim with Commitments which I was paid out back in 2006. I also paid Commitments 2 lots of £354 for them to look in…
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Family Offset Mortgage
Are Family Offset mortgages only available to help first-time buyers? I would like to help a family member buy a bigger home - something she is currently struggling to afford but needs due to her children reaching an age where they needs their own bedrooms. If a Family Offset Mortgage is not available, is there any other…
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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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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…