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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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Have I been mis sold my mortgage?
Newbie here so please bare with me...I bought a small property next to a care home and belonging to it that I was MD of in 2002 and got plans to extend it. I got a 110k mortgage from Barclays to start the work in 2005 then in 2006 got my full mortgage of 300k. At this time Barclays valued my completed property at 650k.…
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Buying parent's house - rules around occupancy/rent
My parents are separating (ages 77 and 74). The plan is for my mum to stay in the family home, which is owned out-right with no mortgage. The circumstances of the separation are extremely acrimonious and our father will effectively be estranged from the family following this. He needs to release some money to buy a new…
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Fix for 2 years or 5 years
Hello, Looking to buy a home for 325,000 with 230K deposit; first-time buyer. Mortgage advisor says a 2 year fixed is higher interest than a 5-year - which is usually the other way around, but suggests lenders are confident that rates will be lower than the rate offered. however, this is just a 'prediction'. I am not sure…
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Are we expecting BOE to remain at 5.25% on 9th May 2024?
Will trackers decrease further, ie a rate closer to the BOE rate, or is that it for trackers.....not much movement since January on them.....
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Would one late credit card payment affect chances of getting a mortgage?
My partner and I are looking to buy our first home. We were checking our credit reports yesterday and found that my partner had one credit blip 2 years ago where they made a late credit card payment (~£30). This is the only mark on their credit report, and their credit score is currently excellent. I don't have any blips…
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Remortgage / Partner Buyout
We have a court order according to which family home will be on my partners name upon releasing me from mortgage and payment of some lumpsum to me. Now he wants to remortgage home which will automatically remove me from the existing mortgage but I guess remortgage is only possible after house deed on his name? so his…
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Mortgage break - is it worth it?
Hi - and thanks for reading. I have a mortgage split in 2 parts. 1. £260k Fixed @ 2.1% until Sept 26 (repayment is approx £1.2k per month) 2. £77k Fixed @ 2.7% until July 24 (repayment is approx £350 per month) (New 2yr fix rate secured @ 4.9% already, will choose lower rate if available at time of renewal) Recently I've…
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Changing mortgages terms
Last year and this year I have made mortgage overpayments of just under 10%. My next mortgage renewal is July 2025. I got a letter from Halifax saying they are reducing my monthly payments by about £70. I phoned to say I don't want that and they say I have to have a mortgage review to reduce my terms. My term is 11 years…
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Electric T junction and need a mortgage
I really hope someone can help, I have rented my home for 15 years from an housing association after I sold them mine as I was in the middle of a new estate they wanted to build, I then rented off them but they knew I wanted to buy this house.I am now in a position I can get the right to acquire from them. The house value…
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Chances of Accord Mortgage with adverse credit?
Hi, I’m just wondering if people can share their experiences with Accord if they’ve had adverse credit? Thanks!
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Staircasing Nightmare
Good afternoon, We're currently in the process of staircasing from 35% to 70% ownership and I'm unfortunately at my wit's end. Out fixed term rate ends in August, so we approached a mortgage broker (Tembo) on 14th February. By early March they had obtained us a decision in principal with Skipton. Since then we have: - Had…
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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…
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Completion day disaster
Hi Everyone, I am just wondering if anyone has ever been through the same situation that we are currently going through. We have recently moved into a new property. We were in a chain of 8 houses and we were second from the bottom in the chain. Our solicitor requested our mortgage funds to be in their account the day…
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Mortgage Novice
Hi guys, I am a completely novice when it comes to mortgages I have a couple of questions if you can assist 1) when taking out a mortgage what figure appears as debt on your credit file total to repaid of the lifespan of mortgage including when your mortgage switches to variable rate? Or the amount of lending plus the…
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Early repayment charge
Hi everyone, I have a fixed mortgage deal that is due to come to an end in July 2027 and I started this deal in 2022. All was going fine until I was shocked to see my direct debit had increased by £8. I phoned my provider for an explanation and was told that they do an annual recalculation on all mortgages (fixed or not)…
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Fix or Tracker
We are looking at our mortgage options and are stuck between a fix and a tracker: £605k mortgage (in the south :neutral: ) £265k equity Fix: 4.57% 2 years @ £2888 and £1k product fee Tracker: 5.40% 2 years @ £3208 and £1.5k product fee With the fix, it is obviously fixed for the period and if BoE base rate drops by a…
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Pepper mortgages
Has anyone any experience with taking out a mortgage with Pepper? We have had a hard search done on our credit files on the day of application and are waiting on an offer hopefully today. We have had a security call etc and are now just patiently(or not so!) waiting! My question is, are they likely to do another credit…
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Nationwide Declined - Financial Association
Declined by Nationwide due to partner still showing as a financial association on my credit file (he has poor credit history) Annoyingly, I disputed the association with all three credit agencies as we no longer have a financial connection and the old joint account was closed several years ago. All three agencies have…
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Help to Buy not answering phone
https://www.gov.uk/government/collections/manage-your-help-to-buy-equity-loan The Help to Buy phone line is not being answered and cuts out after 1 hr. I and others have been trying for hours, days. This is causing many people emotional and financial distress with valuations expiring etc. I’m going to email now, but it’s…
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Overdraft or credit card? What to pay off first before mortgage application.
Hello, We have a MIP in place for buying our next house, our house has just gone on market. We are using this time to try and pay off as much debt before we buy a new house with a bigger mortgage. Is it better for us to pay off our overdrafts first or concentrate on taken down the credit card debt? Partner only has an…