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Mortgages & endowments

Archives for February 2020

bad Credit mortgage
Hi, I am currently trying to get a mortgage and have a mortgage advisor on the case! It’s been a week now and I don’t really know if I’m going to be successful or not. I have a ccj but it’s 3 years old and is only £240. I also have missed payments on my Severn Trent account with a total debt of £1800 from my current…
re-mortgage to a new company without the faff!
Being true MSE'rs we have a fairly complicated banking arrangements to maximise cashback/interest/track spending.. 6 between us which we shuffle money about to meet the various requirements. We also have a rental property which is self sufficient with its own mortgage and bank account. Last time we re-mortgaged with a…
Early Repayment or..?
Hi all, We are currently nearly 2 years into our part interest/repayment mortgage on our home. Interest only mortgage is roughly £300k / repayment £60k. We are currently making £750 p/month in mortgage payments. We had a change of employment circumstance (10 months ago) and our income has fallen approximately 50%. We are…
Santander & Historic PDL
Hello all, I have just applied for a mortgage with Santander. All ok with the AIP and approved for more than I need. I have a excellent credit score (Not that it means much) Never missed a payment, no CCJ etc. I also have a large deposit from the equity in my own home and looking at 50% LTV on a new property. I have a…
Bad credit mortgages
My partner and I are looking to submit a mortgage application in the next month or so. We have spoken to a broker who put us with precise. The house is 215k, we are using HTB 20% equity and putting a 5% deposit down ourselves. Our combined income is just under £50k My partner has really good credit, and only a car finance…
Mortgage-release of funds-Anxious Annie
Hello. Just had the email from Nationwide Good news, your funds will be released on.... Now I'm still over a month away from exchange, but I am insanely nervous about the offer being withdrawn for no reason (no credit problems, really positive affordability..) How many more checks may I have?
Help with forces help to buy
Hi my boyfriend and I have reserved a house with the reservation deadline being 20th March. We have almost collected everything for our mortgage application. We will be using the forces help to buy towards our deposit.My boyfriend is currently away in Kenya until the 18th, back for a few days then is on another course for…
What happens when...
I have some questions regarding having a mortgage, having a will, and remarrying with equity. .. I can’t seem to see the right category for me .. so please feel free to move this post appropriately. basically my first question may seem weird and random but I would really like to know what happens if you live alone with a…
Sending documents to Solicitor (Bank Statements/Account number)
Hi People, I have already sent evidence of bank statements to my broker, my estate agent, and now my solicitor wants some. I was recommended to me to block out my account number, which I have done for all the statements I have sent so far. So these original statements that I now have to send to my solicitor by post have…
Paying off mortgage
I have been ill and am self employed. My Mother has kindly offered to pay off my mortgage of around £38k. Will I have to pay tax on this and can she pay it off directly to the mortgage company?
Early repayment penalty
My wife and I took out a buy-to-let mortgage with an initial five-year fixed interest rate period two years ago. We now want to sell the property, but the early repayment is fixed at 5% of the loan amount (does not taper during the five-year period). I note that the FCA says that the repayment charge should be "a…
Financing a house purchase and renovation
Current home owner. Value c£300k, O/s mortgage £80k. Want to buy house needing renovation. Cost £320k, renovation costs £120k. Problem is, need to raise finance for purchase and renovation and sell current house. Bridging loans are expensive and renovation and sale of current hose may take several months. Need advice on…
Gambling - Mortgage Lend. PLEASE HELP
Hi all, I am really really panicking about my current mortgage application. Today we had our offer accepted and I am now in the process of getting my mortgage. I need to send off my bank statements which shows evidence of gambling. Between 50-150 a week sometimes, other weeks less or even zero spent. It’s all ‘disposable…
Mortgage application
Hi all its finally come the day where we can finish the application for our mortgage. Since the intial appointment I’ve come across a few things that has worried me due to this board. Will the interest be different to advertised? Will they ask me to pay off my credit card debt despite it on 0% until September 2021? Will…
Starting a New job during mortgage application
hi, looking for some advice please. We are first time buyers and have had our help to buy mortgage offer secured with barclays and our solicitors are beginning to draw up the contract for exchanging contracts. The property is a new build and will be ready to move in by april. Everything has been plain sailing up until now.…
EX STOPPED PAYING MORTGAGE
my ex wife has not being paying her share of the mortgage for the past 13months but she is still demanding 50% of the equity in the property I have been to a solicitor who did nothing for me but still had the cheek to send me a bill for £1200 I was just wondering if anyone on here had any ideas I really want to keep my…
HSBC mortgage application successful but formal offer not received yet
Last week I received a phone call from the HSBC mortgage manager saying that the valuation was satisfactory and I would receive an offer. He said that he had issued my offer documents and that I would receive them in the post within 7 days. Today I receive a letter where I only found some reports about his mortgage advice,…
Mortgage providers that only use Experian.
Can anyone advise which mortgage lenders exclusively use Experian to assess applicants?
Remortgaging with a lodger in the house
My mortgage is up in July and I am looking into remortgaging at the moment. I am hoping to lock the mortgage down for 5 years at the best fixed rate that I can get. I have spoken to L&C and they have advised me to speak to my current lender (Darlington) and remortgage with them because I have a lodger and that other…
UK Finance disclosure of incentives form?
Our application has gone in with Precise and I am looking at their document checklist and because we are buying a new build, we need a UK Finance disclosure of incentives form. Do I just need to give this to our builder to complete and then forward it on to our Broker?

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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
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.

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Mortgages & endowments

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