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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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Please help me decide option 1 or 2
Hello, I think I have 2 options and right now I just don't know what to do and so I am hoping someone can help me see a bit clearer. Background - I inherited a house worth £475k. Mortgage owing is £167000. I have high priority debt (tax). My broker has found a mortgage of £215k which will pay off the mortgage and my debt.…
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Lifetime interest only mortgage
We are aged 71 and 72 with a mortgage free semi detached Victorian house which we have lived in for just under 40 years. Recently we have had to replace our car (20 year old citroen berlingo died on the motorway) and have had to replace our leaking foam sprayed roof. We still owe the builder £4000. This has wiped out our…
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Monthly payments or micropayments to the mortgage
Hi We are at the stage of wanting to repay our mortgage early. The mortgage is with Barclays and we can pay 10% a year without fees. My question is do we save money over the month and throw £500+ as an extra payment or do smaller payments over the month when money is available. As the interest is calculated daily, would a…
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Moving house with debt possible?
we bought a house January 2022 with mortgage. But over the last four years, we built up debt around £30k from renovation/house improvement and childcare costs. My partner’s been trying to pay it off, but mostly seem to be paying off the interests with the money left over each month. We’re thinking of moving to another…
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I lock in my mortgage NOW or sweat it out for more time....
I made a post in June My nationwide mortgage is up for renewal by the end of October this year I have now been given a mortgage offer and now a new revision and its gone up slightly At the moment I have NO INCOME. So I cannot switch providers so am thinking of a 5 year fixed deal. However this IRAN stuff is still to this…
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Redeeming mortgage
We would be £1900 to redeem the mortgage vs porting it. I did google it it reckons I’m better paying a new 5 year deal as we are due 3 interest rate spikes and chances of getting a good deal in 2 years are quite low? Is that the general feeling out there?
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First time buyer - affordability checks.
I’m 35, never owned a home and my partner is 45, previously owned a home years ago and now renting. We have a combined income of around 35k. Me 12k (self employed, part time) and my partner 25k, full time. We have a deposit of around 16k and are looking at houses around the 160k mark. I’m unsure whether I would qualify for…
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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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What happens when i can no longer pay the mortgage
Hello, need some guidance please, my company that i run has just been dissolved and I'm trying to start another company as I do have the basis of a small business that I can run but the start of it for the next couple of years is going to be tough with a small income, but I have done this for 45 years, I'm 64 in a couple…
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Off plan contract cancel for an appartment in Liverpool
Summary:In 2024, I exchanged contracts for an off-plan apartment in Liverpool developed by Nexus Residential and sold through RWinvest, paying a deposit of over £60,000. Timeline & Issues: October 2025: RWinvest notified me that completion was scheduled for January 2026 and instructed me to arrange a mortgage. January…
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Perfect credit history… with 1 missed payment
For a bit of background, I’m lucky to have a healthy income from secure employment, a handful of credit cards which I’ve always paid on time, a mortgage on the house in which I live that I’ve always paid on time, and a couple of mortgages on BTLs which I’ve also always paid on time. I don’t have any unsecured interest…
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when a 2 year fixed rate is not 24 months!
I am about to remortgage one of my buy to let mortgages with the Mortgage Works and have spotted something that I really don't understand and hope someone can enlighten me. My current deal ends 31/10/26 and have just been told I can look at my options now. The one that looks the best is to take a fixed rate of 5.74%…
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POCA and my mortgage
Massive apologies if I’m posting in the wrong forum, I just don’t know where else to turn for help! I’ve had a letter from the cps regarding a POCA from 2014, please see attached. They have done homework on me and see I jointly own my house and my part of this is valued at £60k. Now I have received this letter. Please can…
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Nationwide Zero Interest Green Additional Borrowing
I'm planning to apply for mortgage with Nationwide for my purchase of a victorian conversion flat. I'm thinking of doing some home improvements in a year time. In addition to loft extensiom, I’m considering replacing the existing windows and installing internal wall insulation in the existing first floor flat. I've…
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Finding an Independent Broker in Scotland
Hi how do I find an independent mortgage broker in Scotland for a remortgage to release more funds? I've googled but just get huge generic companies or people refer me to solicitors. I've used one before but they only like completely straight forward cases. Thank you
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Struggling to work out how much I have to move house
Hi, we're selling our house (on at 295k) and moving to a different city (I have estimated all costs associated with that inc legal, stamp duty, removals, ERC, estate agent commission etc at 16k approx. ) My mortgage is currently 101k. Sorry for these stupid questions but I can't get my head around it - If I sell for 295…
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interest only mortgage retired
hi i get my full state pension also i high pip award and i run a part time business from my home on my desktop pc ,,,i have many years of accounts i have a interest only mortgages with TMB which is £25.0000 i have to pay off off in dec this year… no bad credit at all . house is worth around £450,000 + looking to pay my old…
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Equity release or mortgage on rental property to do some updating
Hi. I have a rental property which needs some updating. Is there any way I can get some sort of equity release or mortgage on it? Many thanks
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Base rate held AGAIN at 3.75%
The Bank of England has held the base rate for the FIFTH consecutive time at 3.75%. We explain why, the latest predictions for when it could change, plus what it means for your mortgage and savings. Read the full story: Base rate held AGAIN at 3.75% If you haven't already, join the Forum to reply.
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Remortgage to release equity (for other investments, not retirement)
I am 39. We have made substantial overpayments to our mortgage over the years (currently with First Direct, who allow unlimited overpayments), such that our LTV is now less than 10%. We have recently come to the conclusion that this was probably a mistake - rather than putting all our savings into overpaying the mortgage…
