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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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Fixed rate ending and possible property sale
Next June the fixed rate on my flat ends. My work is relocating out of London to Huntingdon on October 31st 2026, and I am unsure if I want to move with them. I will attempt to find alternative employment in London but am expecting to be unsuccessful. I'm not sure what to do about the mortgage, whether to refix or not? If…
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Is a flat in a 4 storey building considered a high rise?
I'm in the process of remortgaging a Help To Buy leasehold flat. We've got a decent mortgage offer from our mortgage advisor and we decided to save time to go with the solicitor firm recommended by our mortgage advisor. Fee was around £800. However, when we sent specific details of our flat to our recommended solicitor…
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Relationship breakdown and mortgage question
Morning all Unfortunately, a family member has reached the end of the line with her relationship. She has been with her partner for 10 years(unmarried) and has a 3 yr old child This is the situation and wondered if anyone has been in a similar situation and can offer some hope and advice! My husband and myself have advised…
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Any chance of HSBC fixed rate drop before end of 2025?
Hi all, I'm just coming out of a 5 year fix with HSBC at 1.59% - which ends on 31st December. I'm sticking with them and going with a 2 year fix. The rate is currently 3.99% (no fee) and I doubt it will drop further before I need to lock in, right? Should I just go do it now, or is it worth waiting a few more days?
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MSE News: Mortgage lenders cut rates for some after Bank of England base rate decision
Many mortgage lenders are cutting tracker and variable rates for existing customers as the dust settles on the Bank of England's decision to cut the base rate from 4% to 3.75% just days ago. If you're on one of these types of mortgages, here's what's happening to your rate... Read the full story: 'Mortgage lenders cut…
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Remortgaging but wife no longer in contact
Hi all, I'm sending this on behalf of a friend who lives in Scotland. Sadly his wife left him in July. His mortgage was up for renewal in July and he thinks he is unable to remortgage because the property is in both their names. He has tried to contact her for the past 6 months but she has broken contact. I wondered if…
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Overpayment of Mortgage Debacle with Halifax
Did you know that Halifax Building Society is now not automatically reducing the term of your mortgage if you make overpayments to your mortgage? Yes, that is correct. They now reduce the monthly amount you pay for your mortgage and not automatically reduce the term of your mortgage as most lenders do. In fact you are…
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Lifetime Mortgage
I have sold my house subject to contract. I was viewing new houses in an effort to downsize as my current mortgage has £56,000 outstanding, and was going to port a reduced mortgage to the new property. However, my employer has gone into administration and all staff, including myself, have been made redundant with immediate…
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Lloyds Bank brings fictional fraud to life?
Lloyds Bank shows characteristics of Great Benefit, the
insurer that never pays, in John Grisham’s novel, The Rainmaker. Except the denial in this case, is denying mathematical
reality, with full support from the FOS. Like Great Benefit, Lloyds Bank are relying on the fact that
the majority will not be able to afford…
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Can you use interest from savings to get a mortgage?
Hi everyone I have (or will have) about 350k in savings (150k in ISA, the rest in normal savings, including the proceeds from selling the current house), and I'm looking for a house around 400-500k. My plan is to use as little of a deposit as possible, say 50-100k and keep the rest in savings and use the interest to pay…
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Barclays pre-payment balance
Hi, reading through Barclays web pages they say that with certain mortgages early repayments of less than three times the monthly installment go to a pre-payment balance, but it's not clear if the interests are caculated on the difference between the remaining capital and this pre-payment balance. Does anyone have first…
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Mortgage less than 25K
Does anyone know who offers the smallest mortgage? Nationwide & Santander offer £25K. Thought I would ask the forum save calling lots of building societies and banks and stuck on hold for ages. Need to get a mortgage to access the LISA would like a £10k but anything under £25k would be good. Thanks for your help
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Mortgage Rates Dropping - Wise to fix now? What are you doing?
Currently have 4.24 Tracker, 18 months to go. HSBC. Soon to be 3.99 after BOE cut. 200k @ 25 years Would you switch to a 3.8 fixed now available with HSBC or stick with tracker? I am anticipating it going to 3.74 early next year after another cut?
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Cost reductions when unemployed
Hello, I'm unemployed and I was wondering why in this country there is zero help. Let me explain, I can't cut the mortgage, I can't cut the council tax, I can't cut the bills, the max I can do is to remove all the hardly gained health insurances I have (~300 pounds monthly), and if I remove them, I won't be able to get…
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Does a reportage v remortgage with a drawdown have different rates?
Just trying to line up my ducks based on booking a consultation for a remortgage. My £150k 2yr fix ends early next year BUT I want to pull £200k out on top too. Will they charge a higher rate on the drawdown 'based on what it will be used for'? Say 20% deposit on a holiday home or BTL v buying a car (fast one!) etc, or…
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Gambling on bank statements for solicitor but not lender
I’m in the process of applying for a mortgage. The lender has asked for 3 months of bank statements which is fine. Problem is, our solicitor has asked for 6 months. I used to gamble a fair bit, never resulted in any debt, loans, or missed payments. In the last 3 months there isn’t any gambling on my statements, but in the…
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Standard life endowment
Standard life endowment is due to mature Jan 26, it still appears on track, how likely is it to actually pay the amount it currently is projected? Anyone with recent experience?
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Lloyds adding 2 months extra to my 2 year fix duration - losing out!!!
Took a 2 year fix with Lloyds that started March 1st 2024. Obviously I want to re arrange this asap to get the rate down from 4.94. They say I can do this from MAY 1st. They have added 2 months to the fix's duration. This is v disadvantageous to me especially as I want extra drawdown on a new product asap. How can they…
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Are we expecting the BOE Base Rate to drop to 3.5% on the 5th February 2026?
Potential for 3.5% by year end?
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How to protect unequal contributions when remortgaging and borrowing extra?
Hi all, Hoping someone can offer some guidance because I’m trying to make sure things are fair for both of us before we remortgage. My partner and I bought our house in July 2023 for £490,000. I didn’t contribute towards the deposit, but I covered the buying fees and I’ve been paying the mortgage on my own for the last 2.5…
