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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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SMI
I will likely be applying quite soon. Does anyone have any insight into whether there will be any issues with the SMI payments being higher than the interest component? I have quite a low mortgage interest rate until 2028. The government via the DWP states, and is fully aware that whilst SMI is designed to cover interest…
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Money Moral Dilemma: Should my partner who lives in my house contribute to my mortgage?
This week's MoneySaver who wants advice asks… My partner’s lived with me in my house since 2018. She’s never paid me any ‘rent’, saying it’d be paying off my mortgage, so she’d want a share of the home. Yet she owns a buy-to-let and uses that rent to pay her mortgage. When I look at the numbers, she’s much better off and…
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Will this affect my mortgage renewal rate
My credit card company has contacted me and offered to increase my limit. I never go anywhere near my limit just now and fully clear balance each month. If I was to accept the increase limit, would this affect me in any way when it comes to getting my mortgage renewal rates at beginning of next year?
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Inadequate advice from mortgage provider
Letter from mortgage provider advises we have 2 options when current deal finishes: Your mortgage deal ends on….. Choose a new deal now, before current deal ends Do nothing and pay FOR In the 2 page letter there is no mention of being able to settle the mortgage without any ERC. Is it just me or does this appear to be…
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Mortgage ending retirement age on benefits
Looking for some help with this please, my friend has a terrible mortgage (used to be Northern Rock not sure who took it over) She's never tried to change it as she is disabled and her only income is PIP and UC. It has been interest only and the term ends when she's 60 (coming up) Would any lender take it over? She can…
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Mortgage company in possession delaying repairs and property value falling – what would you do?
Hi all, I’m looking for some advice and views on a complaint I’ve escalated to the Financial Ombudsman Service. I am the executor of a relative’s estate. The property was subject to an equity release mortgage and the lender took possession of the house in late 2024. Since then, the lender has been responsible for managing…
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Credit card debt and mortgage
My partner and I have around £30k in credit card debt between us and are looking to apply for a first mortgage. We have always made minimum payments on time. How is this likely to affect a mortgage application? More specifically: Are we more likely to get better rates (or pay less overall) if we paid off (some of) the…
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Conditional mortgage - clearing debt from house sale proceeds
Apologies if this has been asked before/recently but I was wondering if there were any lenders in the market that would consider giving a conditional mortgage offer to someone with a high total credit card balance, with the view of most of that balance being paid of as part of the house buying process. Basically, my…
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Fix or Tracker Remortgage?
I'm currently going through a separation and remortgaging the house in my own name with a transfer of equity. House value £220k, remaining balance £140k, paying my ex £40k so full remortgage amount £180k. Fix ends August 31st this year (2026). I did get us a good fix in our joint name six months ago but obviously I now…
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Mortage broker bust & bank not very helpful
Hello, i was using mymortgagefinder as a broker to remortgage with HSBC - my existing lender. The rates have gone down since the application went in, BUT mymortgagefinder has gone bust and is now in insolvency, so it no longer exists as a business and their tel rings through a message about the insolvency. HSBC says the…
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Accord timelines
Applied 23 june Valuation 29th June-all good Questions 26th June and 1st Aug. Waiting and super anxious as consolidating debt praying they don't decline us ......
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Pay extra into pension or overpay mortgage
I’m 57 and currently pay £500 extra into my pension every month. I’m a higher rate tax payer, so in reality only see a deficit of £300. My pension matures when I’m 60, which I will take and and carry on working and pay into another pension. I also have 10 years left on my mortgage. Is it better to keep paying extra into my…
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Mortgage/repossession/declaration of trust
Before I write an essay..are there any posters with experience on the above?
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How much Mortgage can i really afford
So just thinking a head here. How big a mortgage can a single man in his late 40s afford on 52k per year (in central Scotland) and still afford a semi-decent car and lifestyle? I have a flat I can sell but its only worth 95 to 100k and ill likely only have about 40k left when sold assuming prices don't crash soon. I mean…
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Remortgage with Accord
Hi we are in the process of remortgaging to accord and borrowing extra. We have had valuation which matched the figure used to base initial application on and have had questions to answer. How much longer will this take, it's been about 2 weeks now. I am worried they will decine on affordability even though borrowing extra…
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Gifted deposit problem
I gifted my son and his wife a small sum of money to help them purchase a house although it was always their intention to repay me as I'm not wealthy. I signed the relevant paperwork saying I didn't want the money back. I get the impression this is all quite common. Unfortunately quite quickly after they'd had the money my…
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Remortgaging when recently self employed
Hi there. Our 5 year fix ends next July so I'm starting to think about remortgaging and what that might entail. We currently have around £222k balance and there will be 30 years left come July 2027. Our rate is 2.75% so I know our payments will significantly increase whatever we do, but obviously I want to limit the amount…
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Halifax Credit Scoring Above 85% LTV
Hi all, We're FTBs with fairly specific circumstances, looking at shared ownership properties in England. We are hoping to do 95% LTV, which I recognise is very optimistic in our circumstances. We've received an AIP from Halifax, with a maximum loan of more than twice what we need but capped at 85% LTV. Halifax are the…
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Should I redo my EPC?
So The plan is to get a heat pump before 2030 as I'm not sure what happens with the next government so I don't have this atm, and atm it can actually reduce your EPC score potentially My mortgage is due to renew next year. I've noticed some providers have "green" mortgages available to those with an A or B rated house.…
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Son bought at auction for less than mortgage offer
Hi, my son bought his first property at auction (Modern Method), last week, and won it for less than his mortgage offer. He had to pay £6600 fees upon winning. Can this be added to the hammer price and the total put forward to the mortgage company? Also, he has a LISA, which he will totally withdraw, meaning that there…
