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Mortgages & endowments

Archives for July 2014

Overpayments Question
I plan to start making overpayments on my mortgage. I have my mortgage in two parts as I have arranged for a further advance. The first mortgage is a third of the amount of the second. Both are for the same term, with the same fixed interest rates and SVR. Is there is any benefit of overpaying one rather than the other? (I…
Halifax Credit Score
We are in the process of borrowing £167,500 for a £237,000 house using equity in our current property. Completed application today a got a credit score of A2. The advisor stated that the process has been underwritten and they have taken the money for the property valuation. What does this mean in plain English as they…
Help!! Chelsea BS changed lending amount
Hi All, The lender on my current mortgage is the Chelsea. So when my partner and I decided to sell our house for something bigger we decided to make them our first point of call. There was no Mortgage advisor in our local branch so the H/O diverted me to Paignton branch (we live in Birmingham!!) Long story short Mortgage…
Broker Fee
Hi there, My partner and I were in the middle of a new build purchase when we realised it was not right for us. We were referred to a mortgage broker who charged no fee due to an arrangement with the Housing Association whom were selling the property. We have now renegotiated the exact same mortgage (for a higher purchase…
Mortgage application
Can anyone help? I have just just got out of a debt recovery plan and I am now debt free. I have 2 defaults on my credit history and have a credit score of 840 with experian. I'm looking to go for a mortgage for £85000 and I have 10% (£8500), what are my chances?
MI new Home (Help to buy 2 in Scotland)
Hi everyone, I'm new to the forum so thanks in advance for your help. I'll try and be brief: My husband and I are looking to buy a newbuild home which is £265k. Due to the housing market crash recently, our home has lost a lot of value and so we are light on cash for the move. Between equity we'll release and savings we…
car loan after mortgage offer before completion
Hi, I have seen several threads asking about the risk of taking a loan out after the mortgage offer and before completion but nothing that quite matches the question I have. I have a mortgage offer (60% LTV) which works out to cost approximately 20% of my available cash each month. I have a car on finance costing X per…
Living with a student
Hi all, There is a long story in our first house purchase, and it was started long in advance, I will update with the story (it's not that interesting) if people want. The short version is this: My partner and myself are both employed. As of September, my partner is becoming a student (again). Currently, we are living in a…
CASH BUYERS BEWARE when porting mortgage
Hi There We were told by our mortgage provider we could port our existing mortgage any time within 90 days of selling our house. Two weeks prior to selling our house I contacted them to ask to do just that and port our mortgage to our new house and they are saying no because we happen to have already bought the house with…
Single or joint mortgage application?
Hey everyone! Me and my wife are finally ready to purchase a house! My credit score is bad, but my wife's is good. Is it better to have the mortgage in her name? Help please :)
Barclays Mortgage Application £2000 wasted what now ?
This is long but bear with me, I need Help ! 2 months ago we had an offer accepted on a house (c£250,000 against asking c£270,000) and applied to Barclays for a Mortgage at 75% LTV, for which they took 'an arrangement fee' (c£500) the moment we signed the papers. Taking their advice we opted for the more comprehensive…
Anoher Ex who can't pay the mortgage...
Hi, I've been dipping in an out of here for a while and have picked up some valuable tips/knowledge. Broadly speaking, my problem has been covered several time before, however my situation is slightly different to the others I've read; I'm hoping that someone here can shed some light... Essentially this is the age old…
Moving House
We are moving house and have spoken to our mortgage company about porting the mortgage across to the new house which is fine. As the house is more expensive we have to borrow more money from the mortgage company, which means we have to accept a new fixed product as the variable products are not available. This means we…
Adding my name onto Deeds?
HI My partner bought a property in January, we would have bought it jointly but my credit rating isn't great, so the mortgage is in his name. We recently went through a bad patch and I moved out. We have now reconciled and he has offered to add my name onto the deeds/mortgage so that I legally own 50% of the property, he…
On Deeds, but not on Mortgage?
I own a house with my brother. He wants to move out, but I can't afford to buy him out, but I can afford the mortgage by myself. Is he able to come off the mortgage in order to be able to get another one for where he wants to live, but stay on the deeds so that he will get his share when I eventually sell or raise the…
Surrender Mortgage joint life policy
Hi My ex-husband and I divorce 1998 , I took over the mortgage and he signed and agree but Barclay still wanted his name stay with the mortgage loan . The mortgage came with a joint life policy and I paid off the mortgage last year ,I was expect the life policy matured itself ,I got told I need to surrender the policy but…
Buying out my ex.... am I being fair?
Hi everyone I'm after a bit of a sanity check to see if I am taking a reasonable position about an equity buy out. My wife left a few months ago and moved out of our house, which has a mortgage in both our names, and has moved in with someone else, with whom she wishes to buy a new house. This means it would be very…
taking someone off a three named mortgage
hi. i currently have a mortgage with nationwide with my 2 brothers. this came about after being left the house after our mother passed. one brother now wants to come off as he wants to buy his own place and wouldnt be given a second mortgage (even though he is not contributing to this one). after speaking to many…
Nationwide DIP - next stages?
Hi We have applied through a broker for a mortgage with Nationwide for a new build property. Came back today we have a decision in principle (yay)! I was just wondering what the next stages were from here? Our broker has asked me to provide my P60 (not my wife's, she is on a fixed term contract and they have seen her…
Expat that's moved home and needs a mortgage
Hi I recently moved home to the UK as I got married and started a new job. I'm bringing back a decent deposit, but can't find any lenders in the UK that will lend to me as I've been living out the country Does anyone know any lenders? Thanks

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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.

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