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Mortgages & Endowments sticky
Please be aware of the MSE Forum rules when posting on this board, notably: * If using the Forum as a professional, please note that posting on behalf of your business is only permitted if you are an MSE verified user. * Advertising and spam are not permitted. * Do not share any personal information, such as your own or…
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Mortgage rates to hit 6.25%
I seen this in tomorrow’s Telegraph. Was talk of lower rates but seems they may rise. Any thoughts on this? Seems quite high property here is taking ages to sell I wonder if this will be a mini budget rerun when the rates keep rising? I decided against taking out a larger mortgage for a new house this summer due to the…
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Mortgage options for house move+renovations
I'm hopefully moving house in the next month or two. If everything goes to plan, I'd be porting our existing mortgage of 65k (fixed until Feb 2025), to the new home. Shortly after moving in, I'd like to do some renovations on the house which will require a new mortgage of ~180k on top of the existing mortgage. The problem…
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Mortgage Best Buys tool: cashback and "green" conditions
Hello MSE I was using the MSE Mortgage Best Buys tool to get some figures for a Re-Mortgage (deal is coming to an end come January), and then spoke to a broker and I'm now confused. I'm looking at a the 60% LTV bracket. There's a 3.90% HSBC (999 fee, 1250 cashback) entry that looks good, but my broker told me the…
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Do you think interest rates are going to fall significantly (<2%) over the next 5 years?
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Overpayment to reduce mortgage term requires a contract variation and fee - worth it?
Hello everyone. I have searched for this topic on the forums here and have found some useful information, but am still looking for a bit more guidance. I have a mortgage with a smaller lender (Marsden Building Society), and was fortunate recently to save enough for my first overpayment (at the maximum 5% per year allowed).…
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Credit score preventing more borrowing
My mortgage is up for renewal on my shared equity flat and I’m trying to borrow more to purchase the remaining 10%. I pass all the affordability checks of the banks, but when it comes to the credit check they say they can’t proceed and can’t say why. Initially, I thought this was because I wasn’t on the electoral roll -…
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NatWest - reduced offer as claim undeclared commitment…any advice
Hi all Applied for a 75% LTV mortgage via a broker and NatWest. Broker contacted me yday to say NatWest are offering 50k less due to undeclared commitment(s). I ran through both mine and my partners credit reports with the broker and can only see the following that may be causing the issue: - on application I said we had…
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Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
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Remortgage options - WWYD?
Hi everyone. Remortgaging early next year and just seeking a bit of advice in case my simple mind has 'missed' something. Will be coming off a 5 year fix at low interest (1.1%), outstanding balance circa £63k, 10 years to run (both of us aged 38) Historically pursued a mortgage-free-wannabe strategy, overpaid as much as…
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TSB Mortgage AIP Question
Hi there, So we have just had a Nationwide mortgage declined. Due to account conduct, they believe we were at risk of utilising credit lines after an offer would have been given. The fact it wasnt due to not being able to afford the property gives me a bit of hope. Mortgage broker has reapplied with TSB 26/09 and valuation…
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Remove ex from deeds
Hi guys, i really need some advice. I have a property, i have owned for 13 years, i bought off my mother who paid the deposit. My ex (not married) lived with me at the time and came on the mortgage with me, he moved out after a year so he hasn’t contributed for 12 years. I am now married with a child and so he is he. I…
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Query about stamp duty & my partner
Hi all, I have a query and hoping you can help with my current situation and options moving forward. Some background - i earn £85k per year & my partner earns £43k. We have a home that solely in my name as my partner didn’t have anywhere close to enough for a deposit (we’d only been together 18 months at the time, and I’d…
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Looking to Move, Mortgage up at the end of October
Currently have a mortgage with NatWest. Ends at the end of October. Looking to move and pay some debt off. 57k left on the mortgage so hoping to sell for around 300k and lend around 130k to move and pay some debt off. My 57k mortgage only has 5 years left. Any advice ?
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First Time Buyer - Nationwide application process.
Hi all, extreme worrier here. Just wondering what peoples experience has been like recently with their Nationwide mortgage application. Timeline so far: Application Submitted (Via Broker): 26th September 13:30 Hard Check completed (Clearscore notification) : 26th September Valuation booked for 1st October : 26th September…
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Mortgage ends 3 Feb 2025 but fixed rate ends Jan 31 2025
I just rang my mortgage company as they sent me an email to renew my mortgage as the 5 year term ends 31 Jan 2025. I actually pay off my mortgage completely on 3 Feb 2025 I will be nearly 76 years old. I rang them and apparently I will go on a variable rate for the month of February and then they will refund me the…
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Remortgage - Additional borrowing & Buy To Let conversion
Wondering if someone could basically give a blunt yes/no answer on if this is possible , and a good idea or if there is another way to go about it . So i currently live in a house I have a mortgage on , I initially took out a 20 year mortgage about 4 and a half years ago . Inittially I took a 3 year fix , and am currently…
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Shared ownership staircasing question
Hi, does anybody know how the shared ownership Mortgages work please? So my situation is I currently have a 25% share in my house I owe 23k mortgage on this and my share is worth 55k so I have in theory 32k equity. i am wanting to purchase the full house which has been valued at 220k in total which the housing association…
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RBS / NatWest product switchers be warned!
Hi everyone, I’ve found this site so useful over the years so wanted to feedback a current experience of mine. I recently entered the 6 month period towards the end of my fixed rate mortgage with RBS. I’m a Premier banking and business customer, so expected that maybe the bank would show a loyal customer (how wrong I was)…
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Mortgage without partner
I own a property (mortgaged) in my sole name, which I live in with my partner and our 2 kids. Partner contributes a set monthly amount of “rent” which he transfers to me cover his share of bills and expenses. We do not share finances and are not financially linked. I am looking to move house. Partner has poor credit and…
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Mortgage enquiry dual citizenship with different name
Hello, I am in the process of mortgage application. However, as i have duel citizenship with different given name. My mortgage advisor said he needs to check it first. I have all the legal documents with my names. Anyone knows whether my application will be turned down? I am so worried these days. Thanks a lot!