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Mortgages & endowments

Archives for January 2021

Mortgage Bad Credit
Hi, Myself and my partner split up last year, and I am unable to afford my current place that we bought together and am selling the home. I have a bad credit score (480), a couple of settled defaults (over 3 years old) and a lot of credit (around £11000). I am looking to pay off the credit I have out of the equity, but I…
Renegotiating interests on my already agreed FTB mortgage
Hello I am first time buyer, we've found a house, made an offer, accepted, got mortgage with Barclays on 1.43%, 5-years fixed, 60% LTV, all paperwork is with solicitors at the moment. Out of interest, I have checked today Martin's mortgage calculator and it shows me if I had applied today (the same criteria on my side), I…
Buying a house with parter - mortgage advice
Hello, We will be going to see a mortgage advisor in a few months however I would love to gain some more knowledge on the subject before hand. I purchased a flat just under 2 years ago with a two year fixed deal on a mortgage. Since then my partner and I have decided that we would like to purchase a house together. He will…
Mortgage with DMP/defaults/payday loans
Hi, Myself and my partner are wanting to buy our first home soon (ideally this year). My partner has a brilliant credit score, no debts from the past etc. I however have a fair credit score with a history of money issues. Since 2012 Ive had an overdraft, a bank loan and fell into the spiral of using payday loans. In around…
Getting a mortgage with low paying job?
I've been looking into buying myself a cheap flat, however as the title I don't have two years work history as I was travelling. I've been working a part-time job for the last 9 months and I'm trying to get more work. I'm more than aware this doesn't make me a great candidate for being granted a mortgage. However I don't…
Mortgage application timescales
Hi All, Would really like some help please. We recently submitted our mortgage application (fully packaged) but was wondering what the timescales are like. I have been informed that they do not book a valuation till they have reviewed the documents but just wanted to check please. The estate agent and the sellers are…
Ipswich building society timescales
Hi, we recently submitted a mortgage application with Ipswich Building Society (IBS) and been struggling to find any reviews on them online and what their timeframes are like. Our broker is unaware of their timescales too so was wondering what everyone else's experience is like with them please. Thank you!
Mortgage protection confusion
Hi. I don’t know if anyone can help but my ex partner and I had a mortgage together for 20 odd years. He died last year and had a mortgage protection payment that he paid every month. When I wrote to LLOYDS about it they said it didn’t cover death only sickness and redundancy but I know he took it out on the understanding…
Coventry btl
Hi, the Coventry for a btl asked for build up of deposit. They didn't say how many months, I just gave them 3 months bank statement. Is that normal for them to ask? And can they ask for 6 months or more? Thanks.
First time buyer
My partner and I are first time buyers. We have had an offer accepted on a property valued 112,000. We have a 10% deposit and our combined salary is £32,181. We have seen a mortgage on Barclays (pictured) Is this a good deal or are we better not going direct and using a broker?
Can someone explain this please?
Hello, can someone explain how this works please, i have a house which is valued at £400K, the mortgage sum owed is £105K with ten years left to pay, i have 13 months left of the current mortgage deal, if i sold this property at £400K and bought the next one at £450K once the sale has gone through does the balance of what…
Mortgage or AVC
Hi I have a mortgage that I pay each month, but I also pay into AVCs should I stop paying Iant o the AVC and put it towards my mortgage instead , to bring my mortgage down sooner .
No endowment/Re-Mortgage
Hi all, Hope this is in the correct place. I've run numerous searches but can't find any advice that is relevant to my query. We have an interest only mortgage of 175K with 6 years 2 months left. I turned it into interest only back in 2009 when we hit hard times. Like many I'm now in a predicament of the mortgage ending…
How do you decide on the property value when remortgaging?
Nationwide BS. The lower end of the zoopla figure? Its on the 75% borderline
Natwest declined mortgage
Afternoon all, I suppose I'm looking for some guidance / advise really. We applied for a FTB mortgage last Friday with Natwest. We are putting down a nice hefty deposit and mine and my husbands credit is fine. We are using a broker local to us that have very good reviews and I have to say my broker is lovely. I tracked it…
Advance borrowing
We submitted our advance borrowing application on existing mortgage by HSBC on 24th Nov 2020 for our second home, on 19th January after valuation the application was approved but th funds aren’t released yet. It was a broker initiated application, so everytime I called HSBC regarding they don’t have any answer and they…
Outstanding balance
Hi. Over 13 years ago I had my house reposessed and sold on. Last year around August a company which has now taken over the mortgage company I was originally paying my mortgage with have started sending me letters saying I owe around £4000 that is still outstanding from the sale of the property. I want to know a few…
Applying for a mortgage - Before I apply, should I get a credit card to help my score?
Hello, I am starting to look for a new property and hoping to move into a house within the next 3-6 month. The only negative on my credit score is that I do not own a credit card. As I am looking to apply for a mortgage soon, should I get a credit card now, or is it too late? Will applying for a credit card just put…
DIP Nationwide
I want to borrow more on my current mortgage to pay off my HTB loan. I have really good credit hx, good income etc so (naively) assumed DIP would be accepted. This was declined which I was surprised about. When they looked at it further it said because a financial associate had CCJ or similar. I looked through my credit…
remortgage or a loan!!
We are currently mortgage free, the current value of our property is £530,000. Looking to do some home improvements costing in the region of £50k. What would be the best option to borrow this amount, remortgage or loan. We have done a little research and found that loans can only be up to £30k? We only want the…

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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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