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Mortgages & endowments

Archives for January 2018

balance on mortgage doesn't make sense...
Hi I'm a first time buyer with my first mortgage. I've been looking at my mortgage statement online short as it is as I've only made my first payment at time of writing this. Anyway taken off my statement my mortgage advance is 67580 Interest charge 278.44 Fees and charges 20 Payment received 373.12 - made up of around 124…
Is there a way to find out historic Mortgage Rates
Im trying to figure out if a lenders rates have dropped overnight?
Broker recommendations
Can anyone help with a broker recommendation that deals with help to buy and adverse credit? Many thanks in advance
Mortgage advisor Glasgow
Hello, new on here, looking for mortgage advisor in Glasgow area. Looking to remortgage, current deal due to expire couple of weeks and need to get new deal sorted for then. Thanks in advance, G
Pulling out of an application
Hello, currently in process of a natwest application, it is still undecided... my solicitor has check CML handbook and he thinks natwest will have a problem with a flying freehold. I wish to withdraw my app and go with nationwide. as a hard search has been completed previously with natwest, will this cause a big problem?…
ISA Bonus
Hi, The situation is as follow, my partner and I are purchasing 35% of a shared ownership flat, which is worth £74,900. We have £4,000 deposit, which is divided into two Help to buy ISA, this means that we will be getting £500 government bonus in each ISA. Our mortgage is for £70,900 (the difference). My question is, How…
shortfall at end of interest only mortgage
Hi, I am 62yo and my interest only mortgage of 43K came to an end in July last year. Due to financial problems 10 years ago I no longer had the endowment policies in place which I had intended to pay off the mortgage. I had assumed that there would be no problem carrying on interest only until I retired at 66 and was able…
Have a DMP and a FTB
Hi! Looking for advice. I entered into a Debt management plan in 2003 with 3 debts. Two of the debts are fine on my credit report. However the other is showing in default as I am not making the original contractual agreement, even thou they agreed to take a reduced amount from me and I have never failed to make a payment.…
Porting Mortgage and wish to cover all costs
Hello My current mortgage is with Barclays Woolwich. I am 1 year into a 2 year fixed deal. My mortgage is portable. If I port my mortgage can I use equity funds to cover all costs? IE Stamp Duty / Searches / Solicitors fees (Buy&Sell) / Estate Agent In theory my house is worth £300'000. I owe £180'000 The house I want is…
Paying off mortgage
I really hope someone can give me some advice! I have come into some money and can now pay off my mortgage, but I wondered whether 1) To pay my current mortgage off or 2) To use the money that I have to pay for a large deposit on a house that I would not otherwise be able to get a mortgage for. I have been told that I…
URGENT queries regarding Occupier
Hi, Recently, my partner is buying a flat(Share OwnerShip). We are unmarried. All mortgages loan will be paid by him. But upon filling up the forms there is a section stating occupier. Now, my concern is if I put my name down as an Occupier. 1. In the event if we split up will my name will be withdraw? 2. In 3-5years time…
London & Country (L & C)
Hi Can anybody share their experiences with getting a mortgage from these guys please? Many thanks.
Building Society change goal posts for letting
Hi, In Jul 2017 I checked on process, confirm rates etc for possible renting with my Building Soc as I was just changing my mortgage to a new 2 year discounted deal. I was informed, if I decide to rent in future I could stay on the new product rate of 1.6% for the 2 years but would then have to move to a buy to let. Six…
Buy to Let Remortgage
Hi all, Anyone any experience in re-mortgaging a buy to let property? No banks seem to do it. Im with Nationwide- Originally lived at the house but now rent it out. My interest shot up by 1% as did the payment of nearly £50.00 per month. I think its a bit ridiculous so wondering if anywhere actually does it to begin with?…
How long can I use my 2016 accounts?
I’m looking to remortgage to Coventry Building Society and I’m thinking of doing it early, i’m a director with more than 20% share, I have the following: Year ending 31 Dec 2016 - full set of accounts Year ending 31 Dec 2017 - accounts not done, have until Sept 18 to file. I’m a little confused by CBS requirements as below…
Interest Only Mortgage Question
Hi All, First time poster here, so be gentle. With all these news and reports on interest only mortgages over the past few days I thought I would ask for advice from fellow money saving experts. My parents bought a second home roughly 4-5 years ago with an interest only mortgage which they are currently renting out to…
Advice on mortagages for accidental landlords!
Hi there, I am looking for some advice for my husband and myself as we are finding ourselves in the position of renting out our house due to a relocation. As a quick background, we currently live in Hampshire and are relocating to Bristol. My husband starts his new job shortly and we have secured a home to rent in Bristol…
First mortgage/loan to buy flat from auction
Hi! We plan to buy two bedroom flat from auction, renovate it and then sell as fast as we can. We are looking for a mortgage/loan to finance it. We have up to at least 30-40% money for deposit. The thing is we are in UK only for 1.5 years. We asked today in Nationwide and they told us that we need at least 3 years history.…
Early Repayment Charges
Hi all, I am in the middle of re-mortgaging and switching suppliers. I am currently with Bank Of Ireland and they state any ERC cease to apply on 1/2/18, so I told my new supplier that I want to switch on 2/2/18. They sent me an email yesterday saying it will be completed on the 1/2/18, does anyone know if this will incur…
Which version of the T&Cs apply to a mortgage?
We made some changes to our mortgage in 2008 and started a new Total Mortgage Protection Plan from that date. It comprises repayment insurance as well as life and critical illness cover. We've just sent off a critical illness claim form as my husband has a qualifying diagnosis. Obviously, at this stage, getting 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
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
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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
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
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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
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
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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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