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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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Possibility of getting a mortgage with a DMP
Current situation:- Renting for £750pm and the landlord wants to sell in two years time, we would like to buy. The property is probably going to be worth around £220,000 as an estimate. We have combined incomes of £44,000pa and will have a saved deposit of £40,000. I currently have £22,000 of debt (credit cards and loans)…
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Remortgaging options
Hi All, Just looking for advice / perspectives in relation to my options when my current product comes to an end in a few months. Any thoughts welcome..... At that point mortgage will be about £40,000 remaining. House value approx £215k so low LTV. Single parent on part time income so prefer to remain with my current…
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Looking for some guidance on a valuation on a new build house mortgage
Morning all, I've just signed up to this forum. I've used it for years and it's been extremely helpful. However, I now find myself in a spot where I can't find an archived thread that helps - so any guidance here will be a huge help. My wife and I reserved a new build house here in Scotland (via Cala Homes) earlier this…
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Mortgage on property I own
Five years ago I was lucky enough to inherit some money, but at the time I wasn’t working on a permanent contract and couldn’t get a mortgage. I was able to borrow £60000 from a family member. I’m now in a secure job and in a position to repay. The property is now worth about £200000. What sort of mortgage do I need to…
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Confused by mortgage decline
I just wondered if anyone in the mortgage industry ie a broker could shed any light as to why this decline might be the case. Its a buy to let I own. Value £130 Mortgage 66k I asked for further borrowing of £23k for home improvements at my own home which they said was fine. The LTV is fine. However, its been with the same…
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Overpayment to end mortgage - N'Wide
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…
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Advice on re-mortgage/change of product
Hi everyone! I’m just looking for some advice/a check on my plan. I currently have permission to let my property from my lender with the agreement that when I’m at re-mortgage time I move to a commercial mortgage. My deal ends on the 1st April 2026. To do up my house I accrued about £28,800 of debt. I’m paying that off and…
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Reducing amount required for re-mortgage but confused by latest letter from conveyancer
Hi I am currently re-mortgaging my property. Currently with Atom and as of today £98671 left on mortgage with last payment due in November. I was successful with getting a nationwide mortgage and decided that I wanted to pay a lump sum of £67,000 to reduce the mortgage further and now have a mortgage offer agreed of…
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Mortgage porting query
Hi all Struggling to get my head around whether to port or not to port…. Our house is on the market with around 150k equity. We are fixed with Nationwide for another 4 years and have £175k outstanding on the mortgage. We are looking to purchase a house of £425k with 75k from the equity and using the rest of equity with…
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RBS One account changing to use their app
Hi all, currently got a One account that is switching to using RBS for app and online banking access. I’ve registered and logged in but can only see the mortgage balance and transactions to the main account - not of the additional pots are visible or usable. Is anyone else going through the change and seen what I must have…
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Adding spouse to BTL remortgage - SDLT?
I own a single BTL property in my own name. My earnings (PAYE) is slowly creeping up to the point where earnings plus rental income will take me into the 40% tax bracket. My wife currently earns a lot less. If we split the rental income 50/50 I would avoid the 40% tax. If I decide to remortgage and add my wife, will she…
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mortgage application
Hi everyone, My broker submitted TSB shared ownership mortgage application a couple of days back and told me its pre-approved subject to property valuation. Its a new build house from So Resi. For those who’ve gone through this recently, could you please share your experience on: * How long it took for TSB (or other bank)…
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The Ultimate Mortgage Calculator discussion
Update 19 October 2010 We have spent the last few months expanding this, hopefully making it... erm, ultimate-er?! It has new calculators, including: - Offsetting vs Savings/Mortgage - How much can I borrow? - Compare 2 fixed rates - Should I save or repay mortgage? Would be great to know what you think, and especially if…
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excel mortgage calculator
Hi - a few years ago I downloaded an excel spreadsheet someone shared on here where you could punt your figures in and it would let you know all the things you might need to know re your mortgage - I cannot for the life of me find it now and wanted to do some comparisons. Does anyone know the file I'm talking about? I've…
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Two mortgages or one?
We currently have our family home mortgaged at around 50% LTV and a second dependant relative mortgage mortgage on the wife's mother's home (she was stung by an interest only mortgage). The interest rate is slightly higher on this second mortgage but we could potentially pay this off early by taking equity out of our…
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Lifetime mortgage quotes
Is it better to obtain more than one mortgage broker to give quotes for a lifetime mortgage?
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Remortgage - self employed
Both myself and my wife have left the education sector after twenty years. My wife in 2022, me on 31/8 this year. Our 5 year fixed-rate is coming to an end in February 2026. As I have no proof of current income, I am assuming remaining with our current lender is the only option. I would just like to know if that’s how it…
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What's the equivalent of foreclosure in the UK?
Was watching a lot of stuff about the 2008 housing crash recently and I find it all quite interesting. It kinda passed me by at the time I was in my 20s and also didn't own a home or anything and basically I wasn't interested :-). Is the jist of a foreclosure simply that the lender gets the house back, sells it, then takes…
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will cooperative check I'm still employed for new fixed deal with them
I have a mortgage with Cooperative which is coming to an end soon. I have recently gone self employed. I am booked in for a mortgage advice appointment with them to look at the rates available to me. They have sent me a Pre-appointment Mortgage Questionnaire and it asks about my employment. Will they check if I say i am…
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Mortgage got 31 months left but need new rate.
So my mortgage has only just over 3 and half years left til its paid. But my current deal ends in 6 months. Is it worth remortgaging or should I just fix with current provider? But if I fix with current, their offers are for 2 year or 3 year, so how would that work?
