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Mortgages & endowments

Archives for January 2015

Remortgage help please
Hi My fixed rate had expired.Currently with nationwide. need to borrow £119000 over 20yrs. Property value £165000 current LTV 72% I've searched whole of market and the suggested best deals on MSE but they seem to be different from what is actually on the lenders we page? My aim is to get good rate with little or no…
HELP First time buyer????
Hi, We've applied for a mortgage as a first time buyer on the right to buy scheme. It was approved, and then went to the underwriter. I have just changed my work contract onto a zero hours bank nursing but on the same ward same hospital etc. We've now been told that due to this the mortgage may get declined!!!. I don't…
Mortgage monthly payments vs 123 account
Hi there, I'm looking at buying my first house and have hit an interesting dilemma. Is it better for me to extend the term of the mortgage (the rate stays the same) to reduce my monthly repayments as the interest rate on the mortgage is LESS than I earn on my savings in my 123 current account? The numbers: Borrow: £200,000…
Natwest Mortgage
Hi, Quick question - I had a 2 year fixed mortgage with Natwest between Feb 2012 and Feb 2014. At the end of last year I went onto Natwest and found a cheaper 2 year fixed that I chose to go onto once my initial 2 year fixed finished. The new 2 year fixed is due to kick off beginning of next month, however I have been…
My mortgage journey with Accord
Hi all, When I applied for my mortgage through my broker, I Googled and found some awful reviews about Accord all over the place, which sent me into total meltdown! Forum members here weren't too complimentary about them either, which again, made me totally worried. Anyway, thought I'd document my journey here for…
Overpaying my repayment mortgage
Hi there, I had to remortgage ten years ago on my repayment mortgage. I have a total of £59,850 remaining at a 3.79% interest rate (paying £436 monthly), I have 15 years left to pay and I really don't want this to drag out so long, I basically have to work until I drop, is it worth overpaying each month? I've tried to use…
Advice required on a short term mortgage
Hi I want a short term mortgage for £90,000 to help buy another property. The reason why short is that I have the money but it is locked in a PO loyalty bond until February next year. Our circumstances are: Home owners no current mortgage, I'm 55, semi retired my wife (54) still works full time and we have a combined…
Interest only mortgages - can someone explain something
Hi not for us as we've just bought a house on a repayment mortgage however there is something I cannot understand bout the current scarcity of interest only mortgages. Scenario (using nice easy figures for illustration): House price 200,000 Deposit 30,000 LTV = 15% Mortgage required = 170,000 Now, if a person wanted 70,000…
Moved home
Hi looking for some advice I just moved home my old mortgage was£90000 and my new home I needed a mortgage of £50000 when I was on the phone to the mortgage firm they asked all the questions like how are you going to pay of your loans and I said with the excess and also said would need money to do up the house so I thought…
Mortgage Interest being paid by DWP
2 years ago I had to retire through ill health. I could no longer work and I applied for, and now receive help with most of my mortgage interest payment. The mortgage is only £30000. However, my mortgage is interest only, so the mortgage is not reducing, which is worrying me. I am due to get an endowment pay out for half…
Transfer of equity help
hi, I've posted a couple of times on here for advice but don't seem to be getting an answer that I'm looking for! I'm about to attempt to apply for a transfer of equity (taking my ex off our joint mortgage, which he has approved) My question is this: I am looking at the possibility of adding my partner onto the mortgage at…
Self Employed requiring 10% LTV
Hope someone can offer advice and /or help. I have sold my house for 128k and agreed to purchase a property for 140k. I need a mortgage for 15-20 k. I am self employed but only have less than a year's accounts, (although I have the previous 3 years from the previous owner) One high street lender will not entertain me, as…
which mortgage should I overpay?
I have two properties. One is a buy to let property with £135k left on the interest only mortgage at 5.3%. The second is the house I live in, it has £212k left on the mortgage, 3.6%. Both are 25 year mortgages. I was planning on beginning to overpay the rental property as it has the higher interest rate, however I'm not…
Remortgage help please !
Hi All My wife and I are currently struggling to remortgage. Any advice on what we can do would be really appreciated. Keep getting told conflicting things. All the facts below: Jnt Mortgage of £152,000 which is interest only, hence reason for wanting to change to REPAYMENT. Property Value £175,000. Combined salarys of…
Northern rock (nram) together mortgages
I read recently that NRAM were in hot water regarding their together mortgages as a result of a court case they bought on themselves. It mentioned that together mortgage customers may be in line for compensation in relation to loans that run along side the mortgages. Where are they with this? I have 8 loans running along…
Exceeding credit card limit
Hi looking for some advice. I have been going over my credit report thoroughly. And i have noticed that i have exceeded my credit card limit twice this year. Credit limit is £2,000 and statement balance says 2,038. The intrest sent me over. I have now cleared the cards. How long will this affect me for? 6 months? 6 years?…
HSBC - Borrowing more and Consent to let
Hi, I currently have a mortgage with HSBC, but thinking of buying another property, then sell the existing flat. My problem is that I need to release some of the equity in current property, in order to have the deposit to buy this second property. I am thinking of following the steps below: 1) Borrow more under the…
Woolwich Mortgage Application HELP
So, after a very rocky ride and lots of paperwork, we are finally getting somewhere. My broker has submitted our full mortgage application today - FINALLY! Although they now want more paperwork, all the same as last time but now through the post. My first question is, how are we meant to send originals of driving licences?…
remortgage for over 65 with poor credit score
For one reason or another my son and I are on my mortgage because my hubby had a poor credit score. Need to get my son off and put my hubby on and having problems finding anyone interested to take us on. We are now debt free but credit score still rubbish, hubby still works and earns a good wage plus he gets about £1000 a…
Mortgage application chances of approval
Hi all Mse users, I'm currently saving up for a mortgage and will have a 10% deposit in the summer probably around September. Anyway I went overdrawn on my bank account last June after switching they closed my overdraft limit and I didn't realise this would affect my credit report or show as going overdrawn when I set up a…

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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
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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
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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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
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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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Mortgages & endowments

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