Mortgages & endowments

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Hi, I'm looking for more information on how to borrow more, secured against a house. The MSE guide seems to not to have been updated recently. Is there another guide somewhere I missed specifically on borrowing more with more detail on the process and rules of thumb?…

The Bank of England has increased the base rate from 3.75% to 4%. It's the first rise in over three years and follows SIX consecutive holds. We explain why it's gone up now, the latest predictions for when it could change again, and what the new rate means for your mortgage and savings… Read the full story:…

Hypothetically, should I pay off my 5k mortgage that's up for renewal next year with a money transfer from a CC? 3% transfer fee and have it paid off in 12 months. Assuming I can get 3% (or even 5%) transfer fee next year

I have applied for a new fixed rate for when my current 2 year fixed rate ends in March. Am I able to withdraw/cancel the offer if I need to at any point before the start date? And will I get the product fee refunded?

Dear all MSErs I am a first time buyer, Full NHS PAYE employment. I am looking to buy a relative new build <10 years. Do not need a specialist mortgage. I wonder if people in my own situations would recommend going directly to the lender for applications after doing a price comparision or going via a broker still…

I have been overpaying my Nationwide Mortgage for some years and the end is now in sight. I am allowed to overpay 10% of the original loan. Once I get into my new overpayment year (from 1 Feb 2026), my overpayment allowance will be greater than the outstanding balance. Any Early Repayment Charge would be 4%. But the terms…

Hi all, after some advice please. We are a couple in our early 50's (52/53) been together and married a couple of decades and renting privately, with neither of us previously being home owners. Employment wise we are in a good position, having stable jobs, over 10 years with our respective employers. Current credit…

Our 2 years fixed deal with Leeds BS is ending in January and my mortgage advisor is starting to look at rates for me. She emailed the other day to say could I speak to Leeds to allow her access as she couldn't check the account as there was a block that needed taking off the account. They called me from Leeds this morning…

Hi, I won’t bore you with the back story but I’m now single and a bit stuck on an interest only mortgage. I have a chance to remortgage to a repayment mortgage which is the aim, but I’ve stayed on the interest only mortgage because I’m a little worried about overstretching myself, especially with rising cost. Anyway, to…

Does anyone know of any brokers who deal in this please? Our bungalow was built in 1950's steel frame. No issues with it confirmed by survey but all usual lenders are refusing based on their "criteria". Although we haven't been told what that is, not has anyone asked to see a survey. So worried as this was our retirement…

Hey everyone, This is the discussion thread for the '40-year mortgages: are they they worth it?' guide If you haven’t already, join the forum to reply.

Hi, our 1.23% 5 year fixed rate is ending at the end of Jan 27, we are currently with Virgin (nationwide) our mortgage is finishing in just over 2 years time so we are stuck with either Virgin or Nationwide. We can go for a 2 year fixed at around 5.17% or a tracker. What do you advise? We can also overpay by any amount as…

Hi there, I am seeking a little reassurance! Have applied to port my Natwest mortgage and buy a (£75k) more expensive property (with no additional borrowing). My wife has recently gone Self Employed and only has one years tax return (2023/24) so Natwest will only include my income and means we don't pass through…

currently on a 1.6% percent deal on the majority of our mortgage balance and can start applying for a new rate from next week. We could clear out 100% of our savings now to overpay to make the 60% LTV bracket, or wait a couple of months to have more of a comfortable buffer and potentially miss lower rates. What would you…

Hey there, We have a plan to complete our mortgage at the end of 2030 and with our 2.39% NWide 5 year fixed deal ending in Sep 2027 with est. £250k left on the loan and 25 years remaining, I’m unsure what should be our next move. Our plan is to continue making around £3500 overpayments each month with an accumulation of…

We have a small mortgage with a year remaining of the fixed term (3.64%). We’ve had the annual statement and paid approx £1200 interest last year. We are fortunate that we could pay it off in full. The ERC is approx £750. We had planned to pay it off at the end of the fixed term, but are wondering if it is worth paying it…

Hello, My son has found a house (freehold) he would like to buy. He is self employed and also in the last 18 months set up a LTD company. The house he is looking at is £115k, it failed to sell at auction. He has a deposit of between £13-15K. Unfortunately his net income is not great, around £18k this year. The LTD company…

Looking at the schemes where we can deposit cash in a savings account that the lender has a charge over for a period which means the purchaser needs a smaller or no deposit. The interest they pay seems quite generous and there are no concerns about the money being tied up for a period of time or the fact there will be a…

I’m prepping myself to renew my mortgage next year, it’s a shared ownership property which I’ve staircased into 100% ownership of now and have completed a lease extension while living here. My current mortgage with nationwide states that my property is estimated to be worth £275k, with £77k asset. My currently mortgage…

Hi all, I am not looking for concrete advice here obviously, but maybe just some insights from anyone who has experienced. I have 7 defaults on my file which are all being paid monthly (small amounts and self managed). In April next year, my latest defaults hit 3 years, and I was hoping to potentially look at buying a…