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.

📨 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!

Loans

Discuss all types of personal loan. Remember MSE's stance on loans: 'borrow as little as possible, repay as quickly as possible'.

lending some money to a close friend
hi i am lending some money to a close friend for contribution to down payment for his mortgage loan. to just be on a safe side, given economy outlook, how can i get this is formal writing which is credible evidence. is there a free template/service to use. thanks
Should the credit cards stay or go?
Bought my first house which needs some work doing on it, got some money saved but not enough for the necessary work. I'm looking at applying for a 15k loan over 5years. My salary £37350. My mortgage is £833. I only pay half but it is in my name and comes out of my account. I have two credit cards one with 3k on and another…
PCP offer
Hi all, I am halfway through my current PCP which is 4 years long. The dealership have tried to offer/ sell a new car which is the exact same as my current model but new, for more money and a much higher interest rate. Has anyone had the same experience recently? There are no incentives to purchase a new car as it is the…
Student Loan Concession
Hello Guys I was wondering if anyone knew whether there are any concessions with the student loans depending on your individual circumstances. Apart from the fact, it gets written off if you pass away or hit the retired age. Thanks.
Irresponsible lending
Hi after some advice please so I posted on here few month ago as I received a letter from Barclays partner finance to say they were doing a review of a loan from 9 year ago as they may not have carried out correct affordability checks and as for me to fill out a form stating if received any financial difficulties because…
Mortgage or Bank Loan?
We are 70 yrs old, have a pension pot for drawdown and a few small pensions that mean we can manage just fine. I also still work part time which gives the icing on the cake. Mortgage all paid off and house worth approx. £380k. We would like a small building extension cost around £12k but don’t have the cash to hand so are…
Potential identity theft?
If this is in the wrong subforum forgive me, admins please advise. It seems as good a place as any for the subject matter. I have been the sole occupant of my home for some decades. A few weeks ago I received mail from the NHS addressed to my home but to someone with an entirely different name. I ticked the "no longer at…
Advice needed on loans/finance...
Hi all I'm currently needing to find a lump sum of £8,000 for a major works bill on a leasehold property within a block of flats, which I cannot afford in one payment as, having lost my job a year ago after working all throughout Covid, I am now reliant on ESA benefits. I have exhausted nearly all options from borrowing…
NatWest personal loan question.
I have a NatWest personal loan (I bank with them too). It's at £7-8K remaining balance currently. I have some disposable money left each month and I'm wondering if I should over pay my loan a little each month so it finishes earlier? Or is it better to save up and then make one final payment as soon as I can? Are there any…
Buyback Services, i.e Cash Converters
Hi all! Just a very quick question that is hopefully answerable. Does anyone know if the 28 buyback service shops like cash converters offer is classified as a loan or a sale? Would they have to pay VAT on the premium they put on top of your "borrowed" amount? Kind regards, James a newbie.
Loan to be called on
Hi, I'm after some advice, I am after a loan for ~£70k for studying but I am after the ability to "call on" money from the loan slowly when required over a period of 18 months, ideally to reduce the amount of interest I pay. Does anyone know of a lender or what I should look for to find it?
Vehicle finance overpayments and early settlement
Do all vehicle finance/HP products have the same rules regarding overpayments and early settlements? I want to buy on finance over 36 months then overpay at double the monthly rate, then pay balance at around 1 year possibly less. No one offering the finance can give me a solid answer on how payments work.
Loan taken out for someone else
Hi there a family member who cannot get any type of credit has has their parents to take a loan out for them. this has been completed and the funds have been transferred from the parents account into their bank account. They are making monthly payments to their parents which cover the costs…I guess it’s seen as a local…
Loan Company trying to change Interest rates
Hi All. Hoping someone could give me some advice please, I’ve tried searching and cannot really find an answer. My partner recently applied for a loan and they sent documents through with an interest rate of 0.16 %. She signed these documents and returned (she only told me about the rate afterward ls) but now they’ve…
Restriction on my home for a debt owed by late brother who died 13 years ago
My brother died in September 2010. Without my knowledge he had taken out an unsecured loan with Sainsburys Bank in 2005. I 2007 I added him to the mortgage which had been in my name only. The debt was sold on in 2008 Marlin and then again in 2014 to MCE Portfolios Ltd , which is owned by Cabot Financial. My mortgage had…
Zopa Loan - Mortgage
Last year I took out a Zopa Loan for £14,000 over 5 years but 6 months after I settled it early. Are Zopa Loans classed as sub-prime? I also took out HP on a car for 5 years which I am still paying back. I want to apply for a mortgage soon, will the loan and HP on my credit files have a negative part in a mortgage company…
Welcome finance / mortgage charge
Took out a secure loan 2007 repaid 2010 Now trying to sell property and Welcome have never remov3d rhe security charge against the property with the Scottish land registry Our conveyancer says they can di nothing about this and refer me to another solicitor at a cost of £2400 to apply to court to remove this has anyone had…
Getting in touch with Target - Help to Buy
I received a quarterly statement email on Saturday (1st July) stating that I am in arrears with Target. I have a direct debit with Target, which they have been taking a monthly maintenance fee for 5 years. I have missed no payments, and they have failed to take my direct debit. The issue I am facing, is I simply CANNOT get…
Front Loaded Loan Overpayments
I recently made an overpayment on my loan with First Direct. I thought I would see the value of the overpayment and an additional interest saving come off my loan balance but this wasn't the case. I contacted first direct and was told that as the loan is front loaded I will only pay off the loan with less payments and not…
Santander shorten term?
Hi, i have a £13k loan with Santander over 60 months. I want to pay this off quicker will they let me change it to 36 months or 48 months? thanks

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

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.
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 Payments 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

Loans

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Loans

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free