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 March 2018

Moving House and Remortgaging
Hello. So I'm looking to apply to swap my mortgage provider whilst in a fixed term. I'd done all the maths a couple months ago regarding the early repayment etc. and it was worth it but It was a bit to early to apply so now im back on it. However, now I also want to move house asap. My question is, can I get this all done…
Remortgage - LTV v''s Hikes
I'm just browsing through posts looking for info (all very useful!). I find the fixed rate length interesting. I'll be remortgaging for the first time in September, at about 89% LTV. With the expected interest rate rises I could fix longer term , however I also need to factor in that my payment schedule would indicate I'll…
Default on Callcredit - action recommended?
Hi folks, myself and my partner are looking to buy in North London and have had an offer accepted on a nice flat. We're doing the mortgage through L&C, did a few AIP's and all was good. We checked out credit scores on Experian / Clearscore (441 score :T), all clear, but! - we just got refused a mortgage from Sainsburies…
should I pay off my equity loan?
9 months ago I completed the purchase of my house with the help of an equity loan from help to buy. Value was £110,000. I paid 5% and HtB 20%. I let Barratts and the solicitors take care of all the paperwork, I just signed whatever I got told to sign. AIUI, I will start paying interest on my equity loan after 5 years but I…
First Time Buyer Help
Hi, Im new to the site and I’m looking for a bit of advice on my (peculiar) circumstances please. I am looking to become a first time buyer once we have found the right property. I currently rent a house with my girlfriend, her daughter (8) and our 10 month old son. She has got really bad credit and has just finished a DMP…
Mortgage worries
Hi Guys, Need some advice/support... Got an offer accepted on a house for 235k, had an DIP with Nationwide for 192k. Whilst doing all the figures they dropped this down to 187k, which was still acceptable and I could still afford the full 235k with my deposit amount. My credit score according to Experian is Excellent and…
Planning enforcement & mortgage
Hello, This is my first post so apologies if it is too wordy! In short my husband and I are in the process of buying a freehold property on a private road. The management company has been dissolved. There is a play area that is considered ‘common ground’. Originally all residents should have contributed to its upkeep but…
Statements and affordability calc with FD.
Hi Folks, Am in the process of remortgage with FD, joint application half equity so good rates and product. Does anyone know how much surplus FD would be looking for on last three months statements with a repayment of say 450pcm. For various reasons we've spent more in the last three months than normal but all our other…
compulsory mortgage insurance
I have just realised that my actions in 1996 could have been mis advised. I took out a second mortgage on my existing property worth £300,000. To buy another property for £35,000 and was told that as part of the mortgage offer I was required to take out life cover for my wife and me, The repayments were £48 per month for…
Is ERC illegal
I am just about to pay of my mortgage with the sale of my house. I have extra saved cash. I have just received my mortgage redemption figure and found that the 3% ERC is on the value of the outstanding Mortgage. So far this makes sense. However, in the terms of my Mortgage i am allowed to pay of 10% without any charges, so…
0.84% tracker move to 10 year fixed at 2.49%
Good Morning All, We are currently on lifetime tracker with FD which tracks at 0.34% above the base rate. We have 11.5 years left on our mortgage and I'm tempted to hop to their 10 year fixed at 2.49% with the intention of paying it off in 10 years. We pay £1042 a month at the moment and the 10 year fixed would bump this…
Fixed mortgage - 5yr or 10yr
Hi. I am looking to remortgage as current mortgage expires 31st May. House value of £220000. Mortgage outstanding £91000. Current mortgage was 5yr fix with Accord at 3.29%. Term left is 22years, which we want to reduce. I have been looking at reducing term to 15years but also overpaying (up to total monthly mortgage…
Funding house price difference for parent; advice
Hi, I am trying to move my elderly mother closer to me, currently she is 160 miles away. I have found a bungalow where I need to raise 40k to fund the purchase, using the equity on my mothers house sale to fund the balance. I have 270k worth of equity in my home, it is mortgaged at 130k with 11 years to run. I really dont…
Broker producing DIP but choosing to go direct?
We haven’t yet found found a house to buy so this is just in theory at this stage. We’ve spoken to a fee-free broker who has given us a Decision in Principle via the Halifax. I’ve just had a nosey online at the Halifax and can see that they’re currently offering £750 cashback which I don’t think we would get by applying…
Selling up to buy again with DMP
Hi all, Me and the wife have had our DMP for 7 years now and paying the amount I do We still have 7 years to go. My credit file and my wife's are both really good now as the defaults are gone from when we entered the DMP We want to sell our S/O house and use some of the equity to pay the remaining balances off on our…
Stick with provider of MIP?
I've recently begun looking at properties. I am a first time buyer. I have a MIP with my bank, but wondered if I should follow through with this when I come to finding a property I like? Will it harm my credit score to change providers? I know this is currently complete pie in the sky, given that I haven't found a property…
HomeBuyers report Help
Hi, I am a FTB in the process of buying a house and have just got the HomeBuyers report and was a bit concerned about a few of the RED 3s. I'm sure there are people who could be a bit qualified to give some advice. The owner recently got a new Gas boiler so some of the stuff about Gas I didn't know about. Also what are my…
Gift deposit or transfer of equity
Hello My partner owns a house with his brother. He hasn’t lived there in years but is still on the mortgage and the deeds, but now we want to buy a house together. He is owed £70k. The brother is having trouble remortgaging to buy my partner out. Now my partners parents are selling one of their flats and have said they…
Overdraft vs Credit Card Debt
Hi guys, Pretty simple question (I hope). If I were to apply for a mortgage in 6 months time and I could I pay off 1 of the following debts, which would be the best option? Or would it even make a difference? £700 overdraft. Usually in it. £1800 on an interest free balance transfer card. Reality is I should be able to pay…
Brother wants off the Mortgage.. Havibg to sell
Worried - We are going to end up with nothing. Basically - Other halfs parents have said their savings are running low (10 holidays a year dosnt help) So they have asked on the their sons to but their house off them, So that they can have some more money - The house will then Become the older brothers, and the two others…

★ ★ ★ 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