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. See the Community Noticeboard for more info. 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 July 2017

Interest only mortgage due to end
Hi I was wondering if anyone can help. My mums interest only mortgage is due to end this year. She's 64 and owes £80K. She's thinking of selling up and down sizing but would rather stay where she is. She doesn't plan on giving up work but doesn't want to stay full time forever. What option's do we have. Any advise would be…
Overpay or BTL?
Hi all, I am in the process of paying off my mortgage - £109K owed - 28 years left although I have been making large overpayments. Thankfully my agreement is I can make as many overpayments as I like without penalty. I could stop overpaying and my mortgage would come down to £435 per month; for the house I live in. I have…
Which are the best financial networks to join?
Which are the best networks to join for a self employed broker? Currently working as restricted Financial planning consultant covering mortgages, protection, pension and investment. thanks
Second charge on my mortgage
Please can someone help am going out of my mind with worry, Its long story but here goes... 16years ago I found myself in a bit of a mess,I have a mortgage on my home in my name only which I have had since 1997, my partner had left me while I was pregnant in 2000,after having my daughter I found myself suffering post natal…
Overpayment question
Probably a silly question, but I hear there's no such thing :rotfl: When mortgage providers say they allow 10% overpayment annually, does that mean I need to take the A) mortgage remaining /years left on mortgage/12x0.1? to find out how much they'll allow to overpay monthly? Or is it B) mortgage remaining /12 x0.1?…
AIP Advice Natwest
Hi all, Just wanting to get some advice from people who have had similar experiences, mostly as i'm on the nervous wait and my broker is on holiday. Good timing So my partner and I have applied for an AIP through our broker from Natwest as we had trouble obtaining one through other lenders, bar Halifax. We earn £58k joint.…
To save or not to save...?
Just need a little advice please. We were badly in debt until recently but following a massive re budget and several years (and I mean years) of paying down debt now find we are left with only 2 debts:- Credit card £11000 (interest free until Feb 2019 when we will owe £9000 on it). Buy to let mortgage £165000. This is…
Mortgage as bridge to pension
Hi all, Situation coming up: I will be 55, unemployed, £400k house owned outright, no other savings. I can take a pension lump sum of £150k at age 58 and live off reduced pension thereafter. I would like to take out a £100k mortgage and use this money to live off for 3-4 years to tide me over until pension age, I would pay…
Mortgage Contract 'Void' loophole???
Hello all. I was chatting to a friend the other day and he is in the process of taking his mortgage provider to court because he has been told that the 'contract' was void since the mortgage was never signed by both parties. Apparently this is a very common situation for many UK mortgages and he is convinced that once…
Lender scrutiny of past vs future outgoings
At some point in the next couple of years we are likely to apply for a mortgage. We haven't taken one out since the new regulations/guidelines around affordability come in so curious as to how much attention is paid to bank statements and whether you get an opportunity to mitigate these (i.e. explaining why they will be…
Getting a mortgage while renting
Hello, So I currently live in London and I am renting a flat which the lease is up on in Feb 2018. I am originally from Northern Ireland and plan to move back there once my lease is up. I have found my ideal home and can afford the deposit on it now, I have a job lined up but obviously wont start it until after my move. I…
How to avoid an Early redemption charge ?
Hi All, I would be most grateful if any body can advise about the following situation:- My daughter and husband re-mortgaged their house earlier this year on a 5 year fixed deal at 2%. Now they have decided to move to a larger much more expensive house and I think because the LTV is too high, their building society won't…
Bank Loan as Deposit
Hello, This is my first time posting. I took out a bank loan a few months ago that was going to be used for house renovations - this was to be a last ditch attempt to build a future with my partner. Sadly my (now ex) and I have decided to go separate ways so I will be moving out with our 3 year old. He owns his house but I…
Mortgage payments - partner left
Hi everyone, bare with me it's all a bit long winded, hope I'm in the right place. Me and my partner (not married) bought our first home together last year, both our names on the mortgage. We split up about 6 months ago with me and our 5 year old child staying in the house and him moving out. For the past 3 months he…
Can I get a mortgage? Just discovered a CCJ.
We are looking to buy a house as I'm pregnant and our house isn't big enough. I have a perfect credit history and currently have two mortgages. One is a consent to let - I have tenants in it. The other is the property I live in. I have 2 credit cards with 0 balance. I recently found out a parking company registered a CCJ…
6+ months between exchange and completion?
We're about to reserve a new build property (house) off-plan. It will take 6-8 months to be build. It's a local builder with a good track-record of completing within that time frame. Yorkshire Building Society seems to have the best deals. They're direct only though, so we can't go through a broker. Are they likely to make…
Borrow for house purchase
Aged 45 and With £600k realised from the sale of principal residence and £25k savings, am looking to purchase property valued at £950k. Obviously shortfall of approx £350k (also not stamp duty, etc). But as income gross is approx £30k self employed, very little borrowing power from mortgage lenders. Retired parents who are…
S/O and affordability
We're looking at buying a S/O property, and while we went through the property developers check without a problem when we saw the IFA they seemed to say only one provider would offer us the mortgage necessary. My worry is that if that provider declines the mortgage after more checks/surveys we won't be able to go ahead…
Pay rise + Mortgage (incremental contract)
Hi I am on a incremental contract that goes up 1.5k per year for 3 years (then just stays at the year 3 figure). Currently in the second year with the final increment starting December 1 this year. Looking to buy a house but not able to get the mortgage required until I go up to the new wage. Can this rise be taken into…
What are the chances of posting my mortgage to a property with an annexe?
We are looking at houses which have a small holiday let attached. So one has a barn in the garden, 2 have a self contained studio attached to the house. One of the houses pays 2 sets of council tax. All of them have their own kitchen. I have read such conflicting views on whether it's possible to get a mortgage on this…

★ ★ ★ 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