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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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Advice on transfer of equity/remortgage
Hello, I am looking for some advice please. I have a joint mortgage with my husband, we owe £117k and have £156k equity, with 22 years left on the mortgage. We would love to borrow £50k to consolidate a few debts and then invest in a new kitchen and bathroom. The issue we have is that I am in a debt management plan which…
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Obtaining The Charging Order Amount Against Property
I am attempting to find the amount of the charging order set against my property. It dates back to 2012 with IDR Finance UK
Limited. I have got a copy of the Title Register for the property, but it doesn't list the amount of the charging order. I no longer have any of the paperwork relating to the charging order. My real…
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Releasing Equity for home Improvements.
Hi We have lived in our house for 25 years, we're mortgage free and both retired. Our house cost £150,000 and is now 'worth' £500,00. When we moved in the house hadn't been updated since it was built in the 1950's, so during the first few years we added a brick garage with a 4th bedroom and ensuite, as well as a…
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Tracker mortgage rate adjustment
I have a tracker mortgage and my bank has not yet adjusted the rate after the December rate cut. How long does it usually take? I pay may mortgage on the first of the month. I already paid with the previous rate in January.
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Will trust and equity release or alternatives ?
Hi, dad deceased and left half family home to me and sister in trust. Elderly mum is in care at home and we need to raise some funds to contribute to financing care. Her savings are steadily reducing to local authority threshold but it’s unlikely their help will cover care costs we feel are needed. equity release broker…
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On a tracker 3.99% for 18 more months, fixes are 3.75-3.9 for my LTV. Wise to stay on tracker?
For at least the next year as rumblings of BOE reducing to 3.25 by year end....
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Which mortgage broker?
Hi I have recently sold a flat and am temporarily renting whilst searching for a new property. This is taking some time - I had an offer on a ground floor leasehold flat but turned out it had no EWS1 and the broker (L&C) said I was turned down on that basis. However I am 58 and so can only borrow for max of 17 years. I…
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Mortgages in Retirement
Looking for some advice, I'm looking to retire this year ( aged 62 ), I'll have a couple of DB pensions, but am looking to utilise a SIPP on draw down for 5 years till my SP kicks in. My wife will do the same until hers kicks in. We should have a net income of £36k, however for mortgage AIP calculator it only comes out at…
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Which should I Overpay
I have a 3 sub account mortgage 1. £23700 @ 5.20% 2 £51000 @ 3.94% 3 £18800 @ 4.08% Which should I Overpay on £280 per month ? Many thanks
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Advice
We have recently had a critical illness payment. However, payment doesn't cover the full mortgage. Owe around £90,000 on the mortgage. 9 years 11 months. Will still owe £30,000 after paying credit cards. In a fixed deal till Feb 2027. I'm not sure what the best way forward is due to Early Repayment Charges.
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Securitization
My mortgage with kensington was a part of securitization) then it was sold to pepper engage credit i have only heard today about something to fo woth securitization but i am confused kensington confirmed to me that my mortgage was securitized in 2021 but sold to pepper engage credit what does this c,laim mean and how do…
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Bad credit rating for not returning a router
Can anyone offer advice please? My step child has been saving for a deposit on a house and working hard. They have just applied for a mortgage though and discovered that he has a bad rating. They had an Internet agreement which they had to leave early and so paid off the requested amount but in the chaos of moving etc…
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Current deal coming to an end
Hi all my current 2 year fixed mortgage deal of 5.20% is coming to an end on the 1st of May on a mortgage balance of £45900. Looking at new rates with current provider is about 3.9% with zero fees on another 2 year fixed if I accept now does the new deal start immediately or will it be 1st of May? I also have max holdings…
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Over paying- lump sum or gradual?
Hi, Apologies but couldn't find an answer anywhere. I am due to receive an inheritance, nothing huge, but it will help. My question is, would I be better paying off a lump sum or overpay each month? Outstanding is 60k Lump sum will be around 15k Is it better to pay 15k off in one go, 5 k a year for next 3 Or Regular…
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Mortgage Advice
Hi What is the best way to tackle this, my mortgage is currently at £157k approx with 17 yrs left on it. 7 years the interest rate is 2.79% then jumps to around 4%. Should I pay as much as I can over next 7 yrs or just keep the standard agreed payment? I have been reading not to clear mortgages but I would have thought…
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Moved: Lloyds Bank brings fictional fraud to life?
This discussion has been moved.
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RIO mortgage clarification
Good morning. Could someone with their feet firmly on the ground please tell me what I am missing and offer some advice? I have £70k savings and I plan to use this as a deposit on a property costing under £100k and borrow the rest on a retirement interest-only mortgage(RIO), which I hope will allow eventual…
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New mortgage and stoozing cards
Hi All. A question to mortgage gurus: I currently own my house, but family has grown over the last few years, so I need to upsize. Unfortunately, that is going to involve getting a mortgage - I'm probably looking at 45-55% LTV.I've got about £40k in stoozing cards, 95% credit utilisation. I appreciate that general advice…
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Self Build Mortgage v Bridging Loan v Personal Loan ??!!
Hello All, we are currently building our new home. We've used the sale proceeds from selling our old house and are about 80% finished. Our lovely mortgage adviser has spent the past year trying to arrange us a self-build mortgage so we have enough to finish. Build Loan who oversees selfbuild mortgages have been a nightmare…
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Broke M60+, no income recently, due inheritance of half a house, chances of mortgaging the rest?
I am a 63-year-old single male, and pretty much broke right
now. In 2019, I sacrificed a small, not very profitable business,
to go home and look after Mum and Dad, as their fulltime carer. They both
passed away 4 years later in 2023. I am a 50% beneficiary in their wills, another
relative is an equal beneficiary. The…
