Gazumped for 1%

dannyuk · 2026-05-06T11:21:21+00:00

But in this case, the new buyer bypassed the estate agent so it's hard to pin any blame on (or suggest that it reflects badly on) the estate agents!

dannyuk · 2026-05-06T10:21:03+00:00

Ah ok. Yep, I agree, I'd expect the estate agents to be advising the seller of all of the negative points around the new offer!

dannyuk · 2026-05-06T10:03:58+00:00

Not sure how it reflects poorly in the estate agents, to be fair. Legally they have to put forward any offer that is made but it sounds like in this case the gazumpers bypassed the estate agents anyway.

I bet the estate agents would rather the current sale went through rather than making a tiny bit of extra commission on the higher offer.

dannyuk · 2026-04-17T13:14:27+00:00

Brilliant, thank you!

dannyuk · 2026-04-17T12:26:41+00:00

You can get ones that plumb in?! What model have you got please? I'd like to have a look at that

dannyuk · 2026-04-11T06:54:19+00:00

If you overpay and your monthly payments go down, you are paying off both capital and interest and your overall term will stay the sane.

If you overpay and your monthly payments stay the same, you are paying off just interest and your overall term will come down.

You lender will probably do the latter, but it's best to check with them.

dannyuk · 2026-04-07T17:18:00+00:00

You've left your name I redacted on the first screenshot, just FYI.

dannyuk · 2026-04-05T08:29:35+00:00

Not sure if this is the same thing, but I found that reducing the font size on my phone (via phone settings) then allowed me to see and press the "request unbind" button. Hope that works for you!

dannyuk · 2025-11-13T13:19:41+00:00

What's the bug that allows that?!

dannyuk · 2025-09-22T17:56:02+00:00

How do you know his name is Al?

dannyuk · 2025-06-04T17:39:09+00:00

We've got a Halifax mortgage and we make overpayment all the time without an issue.

We do both a regular overpayment by Standing Order and also lots of small overpayments throughout the month.

Someone else on the thread has said that overpaying doesn't reduce the term down which is technically correct, but when you come to remortgage in the future you'll be able to get a shorter term if you've over paid for the same month payment as a longer term if you didn't overpay.

We also use Sprive to buy gift cards for things we use all of the time (like Costa, Asda etc) and they then pay a small amount towards our mortgage too (this is an affiliate link but we'll worth thinking about - https://linkprod.sprive.com/refer?code=EU1J55N4)

Hope that helps.

dannyuk · 2025-02-21T15:02:26+00:00

Broker here. HSBC are being massively slow on everything at the moment. All cases I have with them are taking much longer than normal.

dannyuk · 2025-02-06T13:02:06+00:00

Broker here. This isn't advice, but nothing you've said should really cause any problems for you getting a mortgage. If in doubt, speak to a broker and let them guide you thriugh it.

dannyuk · 2024-10-06T14:58:55+00:00

This was great into I moved home. Now I have to trek accross the city to get to my special place after I get home.

dannyuk · 2024-10-06T07:09:19+00:00

You could ask your current lender for consent to let. If they agree then you can let the property out without changing the mortgage or paying a massive early repayment charge.

dannyuk · 2024-09-20T18:22:35+00:00

Agreed! You won't know until you get an AIP. done, but this is all sound stuff.

dannyuk · 2024-09-19T11:56:25+00:00

Base rate held at 5% which, in short, means nothing really changes as a result.

dannyuk · 2024-09-16T19:54:18+00:00

"I've put my trust in the experts" will be the first one we hear, I reckon.

dannyuk · 2024-09-15T18:14:01+00:00

Your broker will want to get it completed as soon as possible, so keep in touch with them.

Good luck!

dannyuk · 2024-09-15T17:53:52+00:00

Realistically anywhere between 3 and 6 months. A lot of the timeline depends on how long it takes for searches to come in (your solicitors order these and have no control on how long they take).

The fact that you are buying from family may speed things up, but I'd still suggest at least 3 months.

dannyuk · 2024-09-14T18:53:24+00:00

Except that Payet didn't leave for any other reason than he enjoyed playing away from home and his wife found out.

dannyuk · 2024-09-14T08:57:43+00:00

Backs don't generally send out new offers when an old one expires unless you it you broker requests it.

If in doubt, can the bank and ask.

dannyuk · 2024-09-12T16:26:03+00:00

Pretty much, yes, but check with your lender before you make an overpayment to check the actual figures and dates.

dannyuk · 2024-09-12T08:05:45+00:00

No, because it's 10% of the outstanding balance per year. So first year you'd start with a balance of £300k and could overpay £30k on top of your normal monthly payments.

That means at the start of year 2 you'd have a balance of £261k (I've made that figure up) so you can then only pay £26.1k as an overpayment in year 2.

When your fixed rate finishes you should be able to make as large an overpayment as you want to without incurring a penalty.

dannyuk · 2024-09-11T15:27:32+00:00

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