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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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Fix or Tracker Remortgage?
I'm currently going through a separation and remortgaging the house in my own name with a transfer of equity. House value £220k, remaining balance £140k, paying my ex £40k so full remortgage amount £180k. Fix ends August 31st this year (2026). I did get us a good fix in our joint name six months ago but obviously I now…
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Mortage broker bust & bank not very helpful
Hello, i was using mymortgagefinder as a broker to remortgage with HSBC - my existing lender. The rates have gone down since the application went in, BUT mymortgagefinder has gone bust and is now in insolvency, so it no longer exists as a business and their tel rings through a message about the insolvency. HSBC says the…
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Credit card debt and mortgage
My partner and I have around £30k in credit card debt between us and are looking to apply for a first mortgage. We have always made minimum payments on time. How is this likely to affect a mortgage application? More specifically: Are we more likely to get better rates (or pay less overall) if we paid off (some of) the…
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Accord timelines
Applied 23 june Valuation 29th June-all good Questions 26th June and 1st Aug. Waiting and super anxious as consolidating debt praying they don't decline us ......
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Pay extra into pension or overpay mortgage
I’m 57 and currently pay £500 extra into my pension every month. I’m a higher rate tax payer, so in reality only see a deficit of £300. My pension matures when I’m 60, which I will take and and carry on working and pay into another pension. I also have 10 years left on my mortgage. Is it better to keep paying extra into my…
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Mortgage/repossession/declaration of trust
Before I write an essay..are there any posters with experience on the above?
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How much Mortgage can i really afford
So just thinking a head here. How big a mortgage can a single man in his late 40s afford on 52k per year (in central Scotland) and still afford a semi-decent car and lifestyle? I have a flat I can sell but its only worth 95 to 100k and ill likely only have about 40k left when sold assuming prices don't crash soon. I mean…
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Remortgage with Accord
Hi we are in the process of remortgaging to accord and borrowing extra. We have had valuation which matched the figure used to base initial application on and have had questions to answer. How much longer will this take, it's been about 2 weeks now. I am worried they will decine on affordability even though borrowing extra…
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Gifted deposit problem
I gifted my son and his wife a small sum of money to help them purchase a house although it was always their intention to repay me as I'm not wealthy. I signed the relevant paperwork saying I didn't want the money back. I get the impression this is all quite common. Unfortunately quite quickly after they'd had the money my…
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Remortgaging when recently self employed
Hi there. Our 5 year fix ends next July so I'm starting to think about remortgaging and what that might entail. We currently have around £222k balance and there will be 30 years left come July 2027. Our rate is 2.75% so I know our payments will significantly increase whatever we do, but obviously I want to limit the amount…
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Halifax Credit Scoring Above 85% LTV
Hi all, We're FTBs with fairly specific circumstances, looking at shared ownership properties in England. We are hoping to do 95% LTV, which I recognise is very optimistic in our circumstances. We've received an AIP from Halifax, with a maximum loan of more than twice what we need but capped at 85% LTV. Halifax are the…
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Should I redo my EPC?
So The plan is to get a heat pump before 2030 as I'm not sure what happens with the next government so I don't have this atm, and atm it can actually reduce your EPC score potentially My mortgage is due to renew next year. I've noticed some providers have "green" mortgages available to those with an A or B rated house.…
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Son bought at auction for less than mortgage offer
Hi, my son bought his first property at auction (Modern Method), last week, and won it for less than his mortgage offer. He had to pay £6600 fees upon winning. Can this be added to the hammer price and the total put forward to the mortgage company? Also, he has a LISA, which he will totally withdraw, meaning that there…
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Charge on Property Preventing Remortgage
Hi guys, I’m not sure what steps to take so thought I’d post here for some advice. I bought my first home 2 years ago using a Help to Buy ISA with a 2-year fixed mortgage. Now that I’ve come to remortgage, I’ve been told that the Land Registry was never updated for this property and that it is still registered in the…
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Are weekly / fortnightly mortgage overpayments better?
I'm mid-divorce and find myself 52 years old with a new mortgage of £111k over 18 years (on a 2yr fix at 3.63%) I plan to overpay my mortgage, and interestingly have just come across something online which says that making the overpayments fortnightly, or even weekly, saves you more in interest than doing it monthly. Is…
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Existing provider or shop around?
I have 95k remaining on my mortgage with a remaining term of 16 years, 4 months. Property value is approx 275-295k. My existing rate has come to an end. When I choose a new rate I’m going to put in a lump sum of 20k to bring it down to 75k. Is it wise to stay with my existing provider (FD) who I also bank with, or usually…
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To fix or not to fix!
Our new mortgage will start on the 1st July, was really hoping the rates would come down over the last couple of months but no joy and thanks to the middle east conflict they're creeping up slightly. Managed to fix a couple of months ago with existing provider at 4.88%, if I'd have been quicker off the mark I could have…
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Money Moral Dilemma: My ex owes me £4,000 I paid in mortgage fees - how do I get it back?
This week's MoneySaver who wants advice asks… My partner and I recently split. We had a five-year fixed-rate mortgage, and he wanted to transfer it to his new house. I agreed so we wouldn't have to pay an £8,000 early repayment charge. But he hadn't completed on his new place when we sold our house, so we each paid £4,000…
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Any recent experiences with VIDA Homeloans?
Our application is due to go in any day now. What was the process like for you if you don’t mind sharing? We had a DIP with them for £210k. We’re buying for £250k but are borrowing the full £210k. Our broker said this wouldn’t be a problem. My partners credit is perfect. He has changed jobs from being self employed for 4…
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YBS offset mortgage facilities removed – Financial Ombudsman success
I wanted to share this in case anyone else has a Yorkshire Building Society offset mortgage and is affected by the removal of banking facilities from the offset savings account. This may affect other YBS offset mortgage customers, depending on their product and how they use the account. My case did not go to a published…
