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 December 2019

Advice regarding overpaying
Hi I need some help regarding overpayments . I took a mortgage out summer 2015 on a 30 Year term I’ve been overpaying the 10% every year and have also applied to reduce the term a few times so I now have 7 years left . My 5 year fix at rate of 2.79 ends this August , I’ve just seen that if I make overpayments over the 10%…
Personal Loan / House Deposit
Hi all, My wife and I are first time buyers and have been saving for a deposit to buy a house which we have found. In August, we were planning on purchasing a car and took out a personal loan for this. The car that we had been planning on buying fell through and we ended up buying a car that was much less expensive,…
National Hunter
Hi! I read your post about national hunter and cifas. I used a broker that promised to get me a mortgage, he helped a friend of mine. He promised to obtain a competitive rate at! 7x my salary. However, I have just found out today that 2 lenders loaded 'altered docs' and 'false docs.' I am devasted! As I got an application…
Mortgage declined on basis of ground rent
Hi all, Looking for some advice on my current situation. I am a first-time buyer and on my second attempt at a property purchase. The process has been unbelievably nightmarish. I was looking to exchange on 23 November, and we are now on 27 December. This delay is largely down to huge incompetencies from both my…
Lost my Job - What should I do?
Hi All, Unfortunately last Friday I lost my job. I currently have a repayment mortgage with HSBC. At the moment, I have around four months worth of savings so I am still able to carry on paying my bills. My mortgage is my biggest out going (£600 per month). I had hoped to take some form of payment holiday for a few months…
Mortgage and separation advice
My partner and I are planning to separate (and divorce at a later stage, after). Is it possible for us each to get our own separate mortgages in principle (we both don’t want to have to rent while we sell the house then move again after when the house is sold) with the view that once the house is sold both parties will…
Separation/Mortgage options
Hello - Thanks for your time Me and my wife are just starting to separate and divorce. All a bit raw at moment. Her desire but no animosity or fighting. Need some help on options. House bought in 97 for 64k - extended it and upped borrowing to 90K. As of now 35k and 4.5 years left on fixed rate for term. (penalties of…
Increasing affordability
I am currently paying my ex wife £500 per month in child maintenance which clearly takes a big bite out of my affordability. I was discussing with my ex wife about paying her a lump sum of around 2 thirds of the remaining amount . It has around 18 months left to run. It turns out she probably will be declaring bankrupt…
offset mortgage
could someone please provide (with examples) a layman's explanation of the above? can't get my head around it!!
paying off mortgage
hi all after recommendation from another board; other half and myself are looking to purchase our first home for around 100k (needs renovation) with a despot of 15k. i have just qualified as a lawyer (earn 26k starting off) and my other half earns 22k. our plan has always been to buy a cheaper home, pay off the mortgage…
Remortgaging trying to get better LTV
Our mortgage is up for W real in March with Halifax. We have left £179 and bought the house for 200,000 in 2016. We think the value will have increased, however, we have much needed home improvements needed which would affect value. Bathroom/kitchen/window. When you remortgage do you have to always pay to get it revalued?…
Santander - porting and old default
Hello all, Wondering if anyone can offer any advice. When we first bought our house I was declined at AIP stage with Santander so we continued with partner only as he had no adverse history. My only default will fall from my credit file at the end of December and we are now looking to move early next year. My question is…
Separating mortgage advice needed
Sorry was unsure what section to post under ... So have been separated for 6 months and my ex has refused to pay mortgage and other family related finances from separation until house is sold also not signing a mintue of agreement stating she should be responsible for paying her half of finances from the sale of the house…
Mortgage on a SIPP
Im 53 now and semi retired. Looking to sell up and rent while i self build a new home and then mortgage it on completion...at which point my income will be my drawdown from my SIPP plus potentially any part time work i decide to take. I cant find any information on how lenders value SIPP income, and in particular if its…
New small mortgage or loan?
We have a small mortgage of £38k and are selling up and moving area. The new place is cheaper than the current house, so we could effectively pay off our mortgage early with the house sale. But we would like around £10k to do a few bits to the new place. We were wondering if it would be better to get a new mortgage of…
Webb Resolutions
According to the Land Registry I took out a mortgage with Webb Resolutions in 2007. I now need to contact them about it, but they don't seem to have a website. Also, according to Companies House, they only incorporated in 2008. So I am a little confused. Does anyone have a snail mail address for them (rather than their…
How would you invest £195k
Hi, I would like to know what would you do if you were in our position. We want to grow a property portfolio but are at the beginning stages. My wife and I are in our early 30s and have 2 kids. We own a house valued at £400k with a mortgage of £280k. We also have cash savings of around £75k. We need to move and size up to…
Scottish Widows Whole Life Endowment "Both Ways" Policy
I took out a Whole Life policy with Scottish Widows in 1979. It had a clause that allowed me to increase ("Increase Option") the value which I exercised in 1984 and a separate policy was issued. In 1988 I exercised a Right of Conversion in the original policy and turned it into an Endowment with a maturity date of…
Aldermore Mortage Procsess
Hi all I have had a AIP from Aldermore last week with the Full Application going in on the 18th. If all the questions have been asked in the application and we have provided Evidence. Is the next process to go to the Underwriters? If so what happens after this ?
Halifax borrowing more process
So am borrowing more for home improvements on my current Halifax mortgage. Tried to do an online application but the automated valuation brought the LTV out too high. So have gone via doing it all over phone which is annoying as it’s hard to track, but valuation is back and ok, incomes been verified, so what next? Am I…

★ ★ ★ 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