-
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…
-
What to do if partner is on Cifas when applying for a mortgage in my own name only?
Hi, I'm looking for some advice and first hand experience/knowledge from people who have either gone through this, or who work in the mortgage industry. My partner and I have found our perfect property and our offer was accepted by the vendors a few weeks ago. We've been working with an independent mortgage broker and…
-
Mother died, cannot sell house - costing over £700 a month
My mother died in August last year, leaving a considerable problem with her house. We have been unable to sell it - reducing the house over time from £529k to £450k, a reduction of £80k. We have had 4 estate agents, adding a gap between each to ensure that Rightmove don't regard it as stale. We have styled the interior so…
-
Brother 60 years old, can he get a mortgage?
If you would please take the time to read the scenario, I would be extremely grateful for advice especially as it's quite urgent as wheels have been set in motion. Also, if you feel you can even offer your services too to seal the deal. Firstly, I am representing my brother as he is working hard this week and doesn't have…
-
Occupiers consent form
We have hit a (slight?) problem. Our lender want our adult children to sign a consent form. The problem is children all have special needs and lack capacity to understand what they are signing. Two have learning difficulties with the youngest being unable to read or write. Our solicitor is trying to sort this out, but now…
-
refinancing mortgage with dropped home value
I closed jan 2025 at 85% LTV. 35 yr mortgage with 2yr fixed 4.5% Looking to refinance now but home value has dropped a bit. The whole market came down as you know Despite doing monthly payments my mortgage balance declined very little as they all went to interest. Now I feel I may be at >85% LTV what happens now…
-
Renewal time again
oh this is a tough one after the big part of my mortgage being on sub 1% for the last 5 years, coming to an end at the end of the year 😔 I can lock in with my current provider from now and see how things goes over the next few months, still hard to know which one to pick though! Their best offers at the moment 2 year…
-
Retirement mortgages
I'm currently looking for a mortgage to replace an expiring interest only loan. I'm being quoted interest rates of 8% for RIO and 9.4% for equity release via age partnership. Can I contact other brokers, or will they be the same?
-
Looking into first time buying - what are my options?
Hi everyone, I'd appreciate a few pointers here as a total beginner and my situation is a bit uncommon (I think?). I am on UC and ADP, and I work a part time seasonal job. Due to disability I have never been able to work full time and earn a 'proper' salary, my current job takes most of my energy to sustain and I doubt…
-
The Ultimate Mortgage Calculator discussion
Update 19 October 2010 We have spent the last few months expanding this, hopefully making it... erm, ultimate-er?! It has new calculators, including: - Offsetting vs Savings/Mortgage - How much can I borrow? - Compare 2 fixed rates - Should I save or repay mortgage? Would be great to know what you think, and especially if…
-
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.…
-
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…
-
Lloyds tracker rates for Club/Premier customers
Anyone know anything about the "preferential rates" that Lloyds Club and Premier customers get? Their 2 year tracker is 4.06% and apparently this goes down by a further 0.2% But I need to know if this is for Club customers, or only available to Premier current account holders. Either way this seems to me to be an awesome…
-
Amending trust of deed form 90/10 split to 50/50
Hello. How easy is it to amend a trust of deed between two people not married from 90/10 to 50/50. I believe there is no mortgage on it or a very small one. According to ai they can do it for free by printing out forms and having a witness signing it . But i doubt that. Also how much would a solicitor charge for this…
-
Cashback sites to pay into mortgage
has anyone ever usedcashbacksites to pay extra into their mortgage. Want to do this as obviously it all adds up and may as well join one. Anyone got advice for the best sites etc
-
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…
-
Vulnerable Adult son needs a home
So. I have three adult sons and one lives like a teenager in seedy digs living hand to mouth and financially because of his career (Care worker) and poor credit history he has no chance of getting a mortgage (so advisor told me today). He is also Bipolar and life is very hard for him. So, I remarried at 55 and own 50…
-
Mortgage Application with defaults- Whats the Criteria
Hello, I’m hoping to get some insight from a mortgage broker regarding my current credit situation and my chances of getting a mortgage. I currently have 2 defaults (registered less than a year ago, totaling £15k) and 5 other debts (totaling £17k) that are currently on a payment plan/DMP. My plan is to offer a full and…
-
I lock in my mortgage NOW or sweat it out for more time.... [SOLVED]
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…
-
FTB - Choosing mortgage broker and Solicitor
Hi everyone, I am a FTB, had offer accepted for a flat yesterday and started looking for mortgage brokers and solicitors since. I think I have a fairly straightforward mortgage case with full time job, borrowing close to 3 times of my annual base income and no adverse credit history or missed payments. The selling agent…
-
Offset mortgage to retain ISA wrapper, or repay?
I’m 42, single, earning £55k and doing the usual MSE things: maxing matching pension contributions (and on-track to be comfortable) and regularly investing into an S&S ISA. I have a £50k interest-only mortgage fixed at 1.6% until November 2026. I’ve also saved £50k in Cash ISAs with the intention of repaying it. I’m now…
