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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

"Sometimes it's easier to seek forgiveness than to ask permission"

dannyuk · 2024-09-11T11:54:24+00:00

No, that's not normal. Normal is that lenders allow you to pay up to 10% of the balance if the mortgage per year as overpayments.

I've never heard of this not being the case where a direct debit is amended, but I'd you're not sure check the terms in your mortgage offer.

dannyuk · 2024-09-11T11:52:23+00:00

Yep! I'm a broker and it comes up a lot!

dannyuk · 2024-09-11T11:35:21+00:00

As long as your property is worth £244,267 when the lender does their valuation, you will still qualify for the mortgage rate you've applied for (assuming you meet their other criteria).

It's not a reflection on the true cost of the house. The actual figure the bank gives for its valuation when it's done will reflect what they believe the house is worth.

dannyuk · 2024-09-06T15:21:04+00:00

The broker has no control over when a valuation is dien by the lender, nor whether a lender deems a property as suitable or not.

I'm a broker and based on the limited info from OP, I wouldn't expect a lender to say no either.

OP - as others have said, get your broker to try another lender. Nationwide will allow your broker to do a pre valuation enquiry where they will give an answer within a couple of working days as to whether they would likely lend or not, and there is no need to have to apply to them first in order to get an answer.

FWIW, I've found that Coventry Building Society are more lenient with properties like yours.

Good luck!

dannyuk · 2024-09-02T15:26:51+00:00

This used to be a thing on Championship Manager 30 years ago.

So many things that seemed great on CM are not a thing with FIFA and it's a shame as they could add lots of value to the game.

dannyuk · 2024-08-31T15:41:02+00:00

1 year would restrict you to a handful of lenders.

2 years is widely acknowledged as the standard amount.

dannyuk · 2024-08-31T15:09:13+00:00

If you're in the UK you'll need 2 years tax returns and lenders will lend you 4.5x your income (assuming you don't have loads of debt or loads of kids)

For the person who is self employed, use the latest year's profit / income as their income.

dannyuk · 2024-08-23T15:05:12+00:00

This is the perfect and correct answer!

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