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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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stamp duty question regarding the £40k threshold
Stamp Duty in Scotland This site doesn't seem to take the £40k off the calculation. I put in a £140k house as a 2nd home, expecting it to calculate the 8% stamp duty off £100k therefore being £8k. but it comes back with £11,200. Why is this?
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Mortgage Choices - Remortgaging a Interest Only Part
So for the first time since taking out my mortgage, the product is coming up for renewal and the rate is going up. I’m currently on a 1.83% fixed deal which expires in about 50 days. I’ve never switched from my current building society, mainly because we have two mortgages with them – the second one is on a very low fixed…
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Can a Interest only Mortgage Balance increase?
I have a 25 year Barclays Buy-to-let Interest only Mortgage which started on 2013. I have never missed a payment. For 12 years the balance has remained the same. In February 2025 they have started using a new calculation which means my balance is slowly creeping upwards. Are they allowed to do this mid term? Its hard to…
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When does my mortage rate actually change...
I've got a Natwest Mortgage, and I cannot ask them as their web site makes communication with them impossible. I even clicked the complain button, and it wanted me to install an app. My question. We bought a house in September 2021, and were very lucky as we ended up with a 5 year fixed rate mortage at 1.04% (very very…
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Experiences of JBSP mortgage non-proprietor
Hello, Looking to get a JBSP mortgage and would be interested to hear if anyone has done this as the non-proprietor and had any difficulties in obtaining future credit, for example, a new car finance agreement? Appreciate that it will all be dependent on circumstances but just interested to hear others experiences. Many…
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Offset mortgages and London & Country
Apart from when I very first bought a house, I have always used London and Country to remortage and have been impressed with them. Recommending them where I can. We remortgaged at the end of last year with a 2 year fix that started in January of this year. When we remortgaged we spoke to L&C and they made us aware of…
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Nationwide mortgage redemption… then extra DD?
Hi all newbie here, just joined as I am kinda stuck with an issue with nationwide. on 21st of August I got a redemption figure for that day (from nationwide app) and paid off my mortgage a few hours later on that day. I actually went into my local nationwide branch as I was nervous about sending that amount of money, then…
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When to pay off existing loan before mortgage application?
Hi, My wife and I currently own our own home (with a mortgage) but we are hoping to upsize soon. We have a personal loan with 18 months left at £395pm, which we intend to pay off early before moving home. Based on homes we've looked at, our new home would have an LTV or around 88-90%. Not sure if that makes a difference.…
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Once a mortgage gets quite low (say about 40k) can you just pay it off?
Is there a sweet spot where a mortgage doesn't have much left to go that you should just find a way to pay it off and be done with it? Or is it better to continue till it's gone? Thanks
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4.12% with 999 fee vs 4.36 with no fee? 2 Years fixed
Hi hopefully a quick one - this is for borrowing 228,000 The plan is to remortgage after that initial 2 year fixed period With that in mind, even with the higher interest rate, does it work out better to use the product without fees, assuming remortgaging happens at the end of the 2 year period?
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Mortgage Payout to Ex Partner
A friend’s partner left him a few days ago, no hope of reconciliation. Their new Fixed Rate deal with same provider starts in a few weeks, on 1st Nov. Should he cancel the new agreement immediately, and go onto variable rate in the meantime? He wants to take on the mortgage himself (partner has too low an incone) and is…
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Mortgage Lender asking for HMRC but not self employed
Mortgage lender asking for 2.5 years of HMRC payments Bit of advice if any brokers around or anyone with any experience if this. Il try and keep it brief. Partner and I both buying together. Hes in the process of being bought out and my house is sold. For various reasons, but mostly because this will be classes as a 2nd…
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NRAM/UKAR
I'm hoping for advice. I found out that in 2012 I received a remediation applied to a together loan. This was applied as a credit to the loan, not issued to myself. However that remediation has been reclaimed in the high SVR rates on the loan and the mortgage. I have been advised that it has to be applied to the loan. This…
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Self employed small income and mortgages.
I’m 33 and have been a self employed gardener for around seven years. I currently live at home still with my father after a number of personal problems in our family I stayed at the family home. I earn around on average 12k per year from my gardening business which has been fine for me up until now. I love my job and am…
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Sprive App?
I’ve seen a lot of buzz around Sprive at the moment from people using it to overpay their mortgages. Has anyone used it before and is it worth doing? (Not looking for referral links, just reviews and info from people who know more about it than I do). Thanks in advance!
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Nationwide Tracker Clarification
As there are no ERC and unlimited overpayments if I move onto a two year tracker and I see a decent fix after 6 months I can just move onto that? My fix ends in January and I think rates will come down middle of next year. I don’t really want to go onto the variable rate.
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Remortgage time.
Hello, I’m just about to remortgage, probably pushing towards a 5 year deal, as I can’t see much upturn in the economy with Labour in charge. So not seeing much point in doing 2 just to remortgage onto possible worse deal. my question is what are peoples thoughts on term of mortgage. should I just keep it at 30 years and…
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Restriction on our property
Hi, We are at the end stage of a remortgage but have hit a brick wall due to a restriction against our address?? We were referred to Lowells Portfolio to discuss the restriction after several calls to them from both my husband and I (the mortgage holders) they confirmed there was no restriction against either of us and…
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Bluestone Mortgages timescale
Hi, I’d appreciate some thoughts as I’m pulling my hair out here!! We are in the process of selling our house and buying another. Due to adverse credit my partner needs a specialist lender and has had a nightmare with a dodgy broker messing him around so wasted weeks on mortgage search. We contacted Simply in August and…
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Remortgage conveyancing timings
Hi, I am in process of remortgaging to a diffefent lender and already got a mortgage offer, conveyancer has my signed mortgage deed and their portal says nothing is outstanding as of yesterday (19/09). My current lender is Nationwide and ny current deal runs out at the end of this month. I left remortgaging quite late, as…
