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Repaying Lifetime Mortgage
Hello there, Recent change in circumstances means we want to fully repay our lifetime mortgage and obviously get the charge quickly removed from our title. Basically asking for advice about making secure payments please: We have a settlement figure and now wish to make a quick secure payment (to avoid incurring any more…
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MSE News: Skipton launches UK's first 100% no deposit mortgage since 2008
Renters struggling to save for a deposit can now get a 100% mortgage from Skipton Building Society. It's the first no-deposit deal – that doesn't require a guarantor's backing – to launch in the UK since 2008, and MoneySavingExpert.com founder Martin Lewis says it could be a "sensible" option for some. We explain who can…
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First Remortgage - Better to extend to 35 years and overpay?
Hi all. It's almost time for my first ever remortgage and I'm hoping for some advice on the "best" deal when factoring overpayments. I'll add in my details below, apologies if they format a bit odd I'm not sure how to make these neat. I'm also unsure of the overall cost difference between these options as almost all the…
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Help to Buy Interest Post 5 years
Hello, I originally took out a H2B loan in Nov 2020 to purchase my 1st house, I am shortly coming to the end of the 5 year interest free part which is fine. Due to increase in value of my house I cannot afford to re-mortgage in November due to other debts, so will be switching my deal with my current lender (Nationwide)…
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MSE News: Is now a good time to fix your mortgage or should you wait?
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further – and should you fix now or wait? Read the full story: 'Is now a good time to fix your mortgage or should you wait? Brokers answer…
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Existing lender switch rate cheaper than comparison sites
Current mortgage ending end June 2025; LTV is ~45% , 15 years left. Surprised to find that my existing lender (HSBC) is offering me the cheapest rates of all for 2 or 3 yr fixed deals, cheaper than any of the comparison sites I'd looked at.....I had expected to find another lender with a cheaper rate but maybe not. Is this…
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What can we realistically borrow
Hello, We have a residential mortgage for 170k and property is worth 215k We also have a BTL mortgage for 127k and the property is worth 225k. We have a joint income of 96k (30k and 66k) We also have debt of 47k Would it be possible to sell the residential and purchase a property for 425k? 5% deposit 21k Stamp duty - 12k…
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Guarantor mortgage
I realise this is a bit niche, but all advice will be welcomed. Youngest daughter, early 30s has saved £125,000 deposit (including LISA bonus). She works on short term contracts - 4 weeks minimum, 9 months maximum, so she can't get a regular mortgage. She wants to buy or build, spending £175,000. Taking into account fees…
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Adding spouse into title deeds - SDLT
Hi all, Was trying to get information about how to add my wife into the title deeds for my house and after doing a good amount of research I still find the process a bit confusing and was hoping you would be kind enough to help with a few questions I had please. Background: Bought my house as main residence back in 2020,…
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Remortgage timing
Hi all, First time remortgaging and a little confused on when we should arrange timing for completion. Our current fixed deal ends 31/08/25. We normally pay our usually monthly payment on 1st of each month. As it stands, I’m expecting to need to overpay around £2k to get us into the relevant LTV bracket by 31/08/25.…
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Mortgage renewal on lower salary
my mortage product ends next year, i will be on a lower salary and may not match affordability checks, despite never having missed a payment. Will i have to sell the house?
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First month of re-mortgage - how to avoid interest?
Hi, I'm coming to the end of a fixed deal (ending last day of the month, say 30th June, early repayment charges apply up to the very last day). Remortgage with new lender would therefore start on the next day of the following month (1st July), however the first payment is collected the month after ("We collect your first…
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Taking Lenvi / Help to Buy to Court?
Hi, I'm now having to refer Lenvi to the Financial Ombudsman regarding their handling of a remortgage request (without additional lending), and I'm starting to panic about the prospect of going to court, for an ever increasing sum of money. Back in August I started the process to change my mortgage, with my SVR kicking in…
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Mortgage extension current term ending
Hi, My current mortgage term with Barclays is coming to an end. I'm applying
for a term extension, i.e a remortgage with them.* Since this is an extension application, will the bank still
send a surveyor for this type of application? * I’m aware that the full amount becomes due on the mortgage
end date. What if the…
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Coming Off Fixed Rate mortgage – What Are My Options with NatWest While Unemployed?
Hi all, Our 2-year fixed rate mortgage with NatWest (currently at 4.99%) is coming to an end soon. I'm currently unemployed, while my partner is working, and we have sufficient savings to comfortably cover our mortgage and living expenses. We’re keen to avoid moving onto NatWest’s Standard Variable Rate, which will likely…
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Is shared ownership possible through only one partner?
Hi all, myself and my husband are currently living with family after our circumstances with renting changed. We are looking to get our own place, however at the moment I am not working as I am at home with our 18 month old son. We are looking into shared ownership and feel this would be the best route for us as first time…
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BTL Mortgage Rates
I borrowed a small amount (30k) against an unmortgaged BTL property about eight months ago, through a local broker that I have used before. I needed the money quickly, and didn’t give much thought to how much the interest only monthly costs were. I’m now doing an overhaul of my entire portfolio, and it would appear that…
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Equity release
Hi Can anybody give me an idea of how much Equity could be released from my property. It's mortgage free and it's current value is about 340K
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Porting to free up equity
I have a house that has increased in value in the past 3 years. It will sell for offers in excess of 200k, the remaining mortgage is about 163k so I anticipate around 40-45k of equity. I was thinking of buying something in the 180k region. My current mortgage rate is excellent at 2.5% locked in for another two years. im…
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Overpay after Mortgage Deal ends?
Hi all, I'll try to keep this short and sweet! We're moving country. So, we're selling our house. Our fixed mortgage deal (5 years, 1.56% rate) will be ending the end of May. When this happens, Halifax will automatically place us on to their Standard Variable Rate (which I believe is 7.99%). We have £154,000 left to pay…
