We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgages & endowments

Archives for October 2011

First Time Buyer
I'm a 28 year old first time buyer, I've seen a property I like for £115k, I've £34k in the bank and was thinking of putting £25k towards a deposit therefore requiring a mortgage of £90k. I'm currently on £22k a year, can anyone give me any advice or suggest any mortgage deals which would suit me? Thanks
FTB mortgage advice
Hello all, I am after some advice please regarding mortgages. My fianc! and I are FTB’s and currently in the process of looking to buy a house. We have seen, and love, a house nearby. It is a new build property, within our budget, which we are anticipating getting an 85% or better mortgage. The house builder’s (Bovis)…
Alternatives to life insurance?
Three of us a buying a house together and we were wondering about alternatives to life insurance. For instance we were thinking we might be better to simply shift any remaining debt (and a corresponding share of the property) onto whoever is left. Good idea or bad idea?
increasing mortgage on brand new property
Hi all, New to all this, bear with me... Have 113k left on a 130k mortgage with HSBC (excellent lifetime tracker rate) Decided to sell up and upsize due to wanting to start a family. Sold at 180k and have thick end of 60k deposit for next house. Want to increase mortgage to 185k and have had offer accepted on new property…
Advice buying a 2nd property
Hoping someone can give me some advice. We own our house, it's probably worth just over £200K. We are considering renting this house out, (to my daughter) we can expect a minimum of £900 rent per month. Maybe £1100 to an outsider. My daughter currently rents at £800 per month, and has today looked at a property for £1100…
Advise for new mortgage for self employed less than 12mths accounts
Hi an anyone offer me advise. I have recently gone self employed & have a good income. I have only a 15% deposit & a ccj settled 2008 total debt £400. I Also have child maintain income & wftc ? I am only wanting a small mortgage for £80,000 ?? Please help ? Thanks
Remortgage valuation
I have just applied for a remortgage with Yorkshire Building Society. I have gone for a 5 year fix offest on 75% LTV. I want to borrow £150k and have estimated my property value at £200k. Obviously I am right on the limit of the 75% LTV range. My question therefore is that if the valuer comes back and values <200k, will I…
santander decline
I recently applied to Santandar to borrow another £13k onto my £120k mortgage the money would have been used to pay off a Nat west bank loan which they were fully aware of, friday gone i got a phone call missed it so i phoned them back to be told no problems we can see and cant see why we phoned you anyway phone again…
Any good guides to the legal process of buying?
Hello, your frequently posting FTB here! As I understand it: We offer for the property It's accepted (after to'ing and fro'ing) We finalise the mortgage with the bank ....then what? :) We get our solicitor to phone their solicitor and get stuff moving. I expect it would be quite a long explanation to type out so if anyone…
Endowment shortfall
Please could somebody give me some advice as i just don't know what to do. I.ve received a letter from Standard Life telling me that my my endowment plan has a high risk shortfall of potentially between K15 to K19 on a target amount of of just under K48. I.ve paid premiums on this policy for17 years and have not missed a…
Mortgage process - meeting solicitors
Hi When meeting with the solicitor to sign off on the purchase of the property, does the solicitor run through all existing borrowings? Ie the mortgage promise is based on the current amount of monthly commitments, will these commitments be listed? Preparing myself to be embarassed in front of the solicitor!
Mortgage staff rate-bank still thinks I work for them. To tell or not to tell?
I *used* to work for a bank over 2 years ago & got a fixed rate staff rate mortgage. They still appear to think I work for them. What will happen when I tell them I have left? Will I have to pay back all the money for the past 2 years? Obviously I don't want to do anything illegal but shouldn't they be aware that I have…
100% mortgage + renter + want to sell
Hi all, I wonder if anyone out there could offer some advice on the best cause of action for my particular situation. As mentioned in a recent other post, my girlfriend currently has a 100% mortgage on a 1 bed flat that she has owned for about 6 years. The mortgage is at 72k, and is worth around that still. She has rented…
Daily Interest: Better to pay on the 1st or doesn't it matter?
Hi, I've just signed up for a Mortgage with the yorkshire BS, who calculate their interest daily. I was planning to pay my mortgage on the 20th of each month (as this is the day I get paid). When I went to into branch to sign for the mortgage, the lady advised me that it's better to pay on the 1st of each month - because…
paying off mortgage completely
ok these figures are hypothetical! assume we have a 100,000 mortgage and we have 50,000 left to pay. assume current apr is 12% lol and there are no early redemption fees. could you, this month, pay (1.01x 50,000) and then mortgage would be paid off?
advice please
Help!! We are looking for a remortgage on a property that would eventually mean 55% equity taken out, currently less than 25%. The house is in two people's names but mortgage needed to be in one person's. The person whose name the mortgage will be in has a salary of £35k but has only recently started at their current role…
Woolwich First Time Buyer Mortgages
Hi everyone, Currently looking at Woolwich (who are part of Barcleys) for our first time buyer mortgage, has anyone had any good/bad experiences with them? How fast have they been with new application etc? Be great to hear your feedback :)
Questions re: getting first mortgage
Evening all, Firstly, please forgive my complete ignorance with regards to mortgages. I have no experience of them having rented properties since leaving home to attend university. Would be really grateful if anyone could help me answer any of the following: * Since graduating, I have mostly lived abroad (5 years Japan, 2…
Miss sold interim endowment please help
How can a insurance agent sell endowments not covered by F.S.C We were sold an endowment policy but cannot get compensation for it because it was interim We brought it 12 jan 1999 However if we had purchased between 26 jan 1990 to 27 July 1998 Or 25 may 2000 to 21 sep 2006 We would have been covered. So we were not covered…
Help! Please! Seperation and our joint home?
Hi, I've been seperated from my partner of 10 years for just over 3 months. It wasnt my decision and i was asked to leave the family home that we shared with our two children. My ex partner is now resident in the property with our children. We purchased the property for £185,000 just over 5 years ago. The property is now…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Mortgages & endowments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Mortgages & endowments

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free