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 February 2021

Am I ever going to be able to buy a house
I’m a single first time buyer and looking at shared ownership properties as this is the only way I will ever be able to buy. I have spoken to a mortgage broker and he said my affordability is ok and to start looking at properties. I found one I like and put in an enquiry, they came back to me and said the total cost must…
Hi There, 2nd Mortgage question
We've recently remortgaged and gone to a 5 year deal at 1.54% which is great (Nationwide) for us, now we've decided to extend so the route to go down is a 2nd mortgage, the question is our main mortgage is for 18 years 9 months and we pay approx £1120 a month on a £218,000 debt, we require approx £65,000 for the extension…
Mortgage over payment
Hi I would like some advice about mortgage over payment please. My partner and myself are looking at two mortgages for our new house. One mortgage has £1500 cash back offer and for fixed 5 years you get one annual overpayment at 10% cap. The other mortgage had no cash back but is very similar except you can overpay monthly…
Skipton mortgage and indemnity on unregistered land??
Hi all - I'm just preempting what the decision maybe for our buyers in this scenario: We are in the midst of selling our house and everything was going fine until searches came back showing a totally incorrect title plan. To cut out a lot of waffle, my house was registered for the first time when we bought in 2006 off my…
MORTGAGE FINISHED TODAY BUT WHAT HAPPENS TO MORTGAGE RESERVE BALANCE?
February 2021 my mortgage finished. But there is a mortgage reserve balance of 30K to be paid. Ive yet to ring Barclays as I'm one of these people that like to have as much info before they start telling me what to do. Ive looked at personal loans calculator and can see that turning that into a personal loan is @ 7.5% over…
Remortgage or borrow more on existing mortgage (staircasing to 100%)?
Hi all, I'm currently in a shared ownership property, thinking of staircasing to 100%. My current mortgage has just gone on the standard variable rate (so no early repayment charges) and I could even pay it off completely if that would help. To get the mortgage to buy the rest of my property, I see two options: I either…
Do limited company BTL mortgages show on your personal credit report?
Do limited company BTL mortgages show on your personal credit report? Given that you are a personal guarantor on them?
How to calculate daily interest?
Hi Please could someone tell me how to calculate the daily interest I’m playing on my mortgage please? I’ve seen on the mortgage free dairies people aiming for set amounts but have tried to work it out but can’t! Thank you
Mortgage Lenders that Accept Restricted Stock Units (RSUs)
I am in the process of trying to secure a mortgage on a new property, I work for Amazon and ~50% of my total compensation comes through in RSU awards, which vest twice a year I have P60s for the last 3 years showing the value. So far I have only heard that Natwest accept RSUs, is anyone out there aware of any other…
Mortgaging a property with 34 acres
Myself and my wife are struggling to mortgage a house with 34 acres of land, when we initially seen the property I contacted a local mortgage advisor who assured me that he could get us a mortgage to purchase the property, we put our own house on the market, had a sale agreed within a couple of weeks and had an offer…
Santander mortgage AIV(automated income verification) question
Hello everyone, This question would be probably best for brokers.Last year I had a break in employment to look after my mum at the end of life.I have just started working in January again and renegotiated a better contract with a different firm.My first pay slip arrive next week.My MB did a DIP with Santander and they got…
Difficulties in remortgaging when paid in cash
Our fixed rate will be up towards the end of the summer so may be looking to remortgage. Both my husband and I work full time and have done so for our respective employers for many years. We are lucky in that our jobs have not been impacted by COVID-19. So far so good...except the last two times we have done this we have…
Advice after low valuation
I have a mortgage with nationwide but applied to borrow more. I haven't got a final decision yet but the figures were based on a valuation Nationwide had on their screen (the same valuation that was used when i switched product 2 months ago with Nationwide). I had a physical valuation done yesterday which i've been told…
Helping someone to buy out their ex
Hello, i wonder if someone might be able to give me some advice for a family member who is in a pickle. Essentially she has left a domestic abuse relationship, she owns a home with her ex as joint tenants, and has applied to land registry to change to tenants in common on solicitor advice. Ex is refusing to agree to sale…
Retrospective Warranty
Hi everyone Looking to buy a home that is a 5 year old conversion, but it does not have a structural warranty from when it was converted. Looking to apply for mortgage to HSBC, does anyone know whether they accept retrospective warranties? Their criteria does not state either way and speaking to them is proving useless. We…
Advice regarding stamp duty
Hello, I was wondering if someone could give me some advice regarding stamp duty holiday. Me and my partner have an aip for a mortgage of £270000 with a 30k deposit. We have sold our house and are currently living with family whilst we find a house. In everyone’s opinion are we better off purchasing something soon and…
Mortgage Holiday
Good Afternoon, I'm wondering if anyone has any experience yet in taking a holiday repayment and then remortgaging later in the year. We're currently on a 2 year fixed rate, which ends in March 22. I'm concerned if we take a mortgage holiday now and it ends in June 21, come March 22 we struggle to get onto a new lower…
Gifted deposit from USA?
My great aunt would like to give me a large amount of money towards buying our first home (around £100,000), she lives in the USA. Firstly, where should I keep this money when it's sent? I was thinking a LISA or is there somewhere else more suitable for such a large amount? Secondly, can she send it in several small…
Which documents are needed for an adverse credit application?
Hi, I won’t be putting a mortgage application in for a month or so but I wanted to try get documents ready now instead of leaving it last minute. Just wondered if you could give me ideas of what documents adverse lenders ask for? It will most likely be Precise/Kensington/maybe Bluestone. I’m thinking things like letters…
Mortgage after DMP?
Hi all, newbie here. I'm looking for some advice or experiences of getting a mortgage after a DMP please. In 2017 I got in to a bad way financially with the 'help' of an ex. I was using payday loans most months - often using 2 different companies. I ended up in a DMP and have since paid everything back (just this month..…

★ ★ ★ 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