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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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New build incentives subject to "completion by end of June" - what's our risk?
FTB couple, and we reserved a new build with Persimmon. Aiming for completion before 30 June. Upon viewing, the house appears complete, just needs turf. The deal: Purchase price: £270,000 (reduced from £280k with a £10,000 discount) conditional on exchange by 23rd June 2026 5% deposit contribution from Persimmon: £13,500…
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'We feel abandoned' – 13,000 mortgage prisoners transferred from Co-op Bank subsidiaries
Already sold down the river, around 13,400 mortgage prisoners have been sold off by the Co-op Bank – but not under its own brand – to a new inactive (in other words, no competition, no options) lender. We speak to those affected and explain what it means for you. Read the full story: 'We feel abandoned – 13,000 mortgage…
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Mortgage broker messed up
We arranged for our mortgage to switch to a new product (with the same lender) on 1 April through a large, well‑known broker. Everything was completed in February, and we were told the new rate would automatically take effect on 1 April with nothing further required from us. For context, I hadn’t realised we would be…
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Lifetime mortgage or other means
My wife and I own a fist floor flat. I have primary progressive MS and need to move to a ground floor flat which will cost more. Both my wife and I are pensioners, I receive the full state pension and my wife receives a 75% pension. I receive a small pension of £200 per month and my wife receives £60 per month. Our flat…
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Re-mortgaging with Tembo
We originally took out a first time buyer 2 yr mortgage via a local broker with Natwest at 5.1%. This is coming up for renewal and we are looking at our options. Natwest are offering re-mortage terms similar to the initial rate. The original broker should be getting in touch soon but I've also come across Tembo which…
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Mortgage Advisor Problems - Extending Mortgage Offer & Completion Approaching!!
Hi all, my partner and I are in a difficult situation and would appreciate any help you could give us. We put an offer in for a property in November 2025 that was quicky accepted. We were aware at the time of putting this in that the sellers were awaiting a new build to be completed so completion may not be until…
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Mortgage Overpayment Query - life Insurance
I have recently lost my husband unexpectantly, we overpaid our mortgage substantially, when the life policy was paid it asked the question, does the money paid out cover the outstanding balance? If we hadn't had overpaid it wouldn't have done, I do not really understand how it works, do I speak with the building society…
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Help with mortgage after being rejected by own bank?
Hi My wife an I have just been rejected for a mortgage with our own bank. Not sure what to do now. We have sold our house for £270,000, we currently have a mortgage for £53,000. Between us we have debts of £35,000. Looking to put £166,000 down as deposit with a view to borrowing £86,000 for new mortgage and to pay debts…
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Mortgage offer
hi , I’ve had a mortgage offer approved 4 days ago but now the seller of the property I was buying have pulled out. I have now found a new place today would Halifax be able to just transfer over the offer to the new property or would I have to re apply for a new one from scratch?
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Re-Mortgage to incorporate 2nd Charge
Help!! Ive been going through a re-mortgage process since mid March 2026! Essentially I have 2 mortgages with the same lender (1 was taken to do an extension) and one of them is out the fixed term at the end of May, the other in 2028. I also have a 2nd Charge from some overspending on said extension! I have a mortgage…
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Is a Bridging Loan an option for me?
Very sadly, both my parents passed away a few years ago. I am a 50% recipient of their estate/inheritance, including their house, that I currently live in, and have done for years. I have dragged my heals and stalled the probate process, in an attempt to give myself enough time, to revive my income potential, so that I’m…
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Lifetime Interest Only Mortgage - explanation please!
My 85-year-old mother plans to sell her house and move into a bungalow. She has a lifetime Scottish Widows interest-only mortgage, split into two parts – one being variable and the other fixed rate, with £177,000 outstanding. She will be porting this mortgage. The paperwork mentions a lump sum from the lifetime mortgage,…
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Mortgage advice please. What would you do?
I’m looking for some advice please. My remortgage is due next month, but I’m not sure what to do. I’ve kind of put it to the back burner with a newborn and life stuff. We are looking to move but probably won’t be in a position to put our house on the market for about 6 months. I was looking for a portable mortgage but I am…
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Pay off mortgage or keep small balance before borrowing more
I have ~18 months left on my mortgage. The outstanding balance is ~10k, and I have enough to pay it off in full. I'm on the SVR so I'm going to pay a chunk off as the interest is a noticeable chunk. My question is whether I should pay the whole lot off, or leave a small sum on the balance. Within the next year or two, I'll…
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Should I liquidate £215k of ISA to fully offset my mortgage? (~40% LTV)
I’m 50 and ~5-7 years from retirement. Given current mortgage rates I’m looking for some perspective on a move I’m considering for my remortgage which is due in a just over a years time. I want to prioritise flexibility and "certainty" over the next few years. The Situation: Mortgage: £215k interest-only at 2.84% (ends Aug…
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Moving house - when to add husband
Hi Looking to move house soon. Currently mortgage solely in wife’s name, new home will be in both our names and therefore needs adding to the mortgage. Question is, do we add to the mortgage before going on the market, or is it straightforward enough to do it at the same time as moving? Current provider is Santander if…
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Have i ruined my mortgage chances?
Hi everyone i just wanted some advice. My husband has recently been given 40k as a result of some inheritance, and we have been looking to apply for a mortgage. i always thought our chances at a mortgage was always slim as we could never save up for a deposit but now we have the 40k my husband wants us to apply for one. He…
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Switching mortgage rates - can I hedge my bets in case the rates go down?
My current mortgage deal (with HSBC) expires in July and I can now switch to a new rate. I've applied to switch (online) and have been given an offer that I have two weeks to accept. Can HSBC withdraw this offer within those two weeks or am I better of waiting until the end of the two weeks to accept in the (probably…
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MAS no . 5 SVR
Hello all . I am looking to make a claim to MAS no. 5 for unfair mortgage interest rates. I have received a summary of the rates we have been paying from MAS but to be honest, I cannot make sense of what the figures mean and if we can make a claim at all as our mortgage was interest only? . I hope I made sense and I am…
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Will i have to pay the higher stamp fee
hi all, i had a mortgage jointly with my mother and i have now completed the change of borrower application to remove my name. Mortgage is all updated but land registry is not updated yet. I am also in the middle of purchasing my own place and the exchange is about to happen but now the solicitor is saying i will have to…
