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Mortgages & endowments

The place to discuss everything to do with getting a mortgage, remortgaging and more.

First overpayment query
Hi everyone. We took out our first mortgage last year (25 years) and I have made the first overpayment this week. Equivalent to 7 months payments. I called Halifax to reduce the term but it will be a lot more involved than I realised. I have to speak to a mortgage adviser and basically reapply with the same questions…
Lifetime mortgage query
I’m looking into buying a home with shale infill but not structural issues would a a lifetime mortgage be available to me if the house is structurally sound.
Porting + adding name + additional borrowing
Hi, I currently live with my partner in a flat which I own. We’d like to move in the next few years and buy somewhere together. I’m in the process of remortgaging and I can’t decide between a two or three year fix. What I want to know is, whether it’s possible to port a mortgage, while adding a new name AND additional…
Transfer of equity / solicitor / bank problem
I instructed a solicitor to Start the transfer of equity on my mortgage. I am buying out my ex and he is being removed from the mortgage. My unhelpful bank, danske, are refusing to engage with my solicitor. My solicitor needs consent from dankse to proceed, but danske bank will not speak to them as they claim they are…
Help understanding my mortgage completion statement
Hi, To save a long back and forth between me and my uncommunicative solicitors, please can anyone help me understand my mortgage completion statement? It's a remortgage. New lender is advancing £224k, with £500 cashback and £999 arrangment fee, which we requested be added to the mortgage. The mortgage paperwork states:…
Failed Exchange
Hi all, I’m hoping someone can offer advice or share experiences with a mortgage funds issue we’re dealing with. Despite the cancellation request by our solicitor, the funds were still released by the lender but returned by the solicitor within an hour. The problem is that our mortgage offer states: “Once you accept this…
Declaration of Trust
Paid a substantial amount of deposit on house purchase. Now selling up and divorcing husband. He paid nothing. Declaration of Trust seems to suggest I own 80% of the house and he owns 20%. How is the sale of the house split? Mortgage was paid by both of us, equal amounts.
What age did you pay off mortgage ?
Just wondering when people become mortgage free. I’m 54 and have several BTL mortgages, but it’s the one on my main dwelling that I’m referring to. Unless I have an unexpected windfall, I think it’ll take another ten years. I was within 30 grand of paying it off nine years ago, but then we moved and upped the loan…
Mortgage ending - final bill charges
Afternoon all, We are coming to the end of our mortgage in the next few months with Santander (yey). When i looked at the settlement figure i see there is a £225 final charge (Redemption Administration Fee). I recall years ago reading here a template letter to get this fee waived. Is this still a thing? Anyone know where…
Mortgage payments
Hi. The sale of my house and purchase of my new house are both set for 14th February, and I’m wondering when the final payment for my current home will be taken, and also when the new one will taken. I have asked RBS but yet to hear back. My mortgage payment is set to the 1st of each month, and with being in my current…
BTL mortgage product coming to an end. Best options for paying off lump sum.
Our current BTL five year 2.17% product is coming to an end 28th February with a balance of around 140k outstanding. We are in a position to pay off 70k leaving a 70k balance and having spoken with our advisor who has told us, we will need to speak to our current lender, as we wish to reduce the balance by a large sum. Not…
BTL Re-mortgage Queries
Good afternoon. My partner and I have a flat we rent out (the tenant has just signed a new 12 month lease and is a long term tenant) but it is currently on SVR through Bank of Ireland. It is on a residential SVR as we have consent to let, not a BTL deal. We' tried to call them to swap the deal and get a cheaper monthly…
Lender’s refusal to execute best interest rate at completion
I repeatedly requested from both broker and the lender’s solicitor to have the lowest rate on the chosen product executed at completion (weeks and months away from the offer). Rates were not publicly visible and the lender never directly contactable (‘reflection period’ also refers to contacting solicitor only), and I…
Renewing mortgage - how many times can I switch deals?
So my 4 month remortgaging window is about to go live. Say I locked in a deal right away....as far as I am aware I can cancel that deal and select a better deal during this 4 month window... Can I do this as many times as I like? My plan is to just stick with my current lender, Santander. I will take up the best 5 year fix…
Adverse credit mortgage lender / broker
Hi, I am currently in a DMP plan which has been running for 2.5 years. I am currently renting but having been given notice on my current rental property, would like to explore the option of buying. I have already spoken to a mortgage broker who advised that my situation is not his speciality but that there are "Adverse…
Letting home out long term (5 years +)
Just forward planning at the moment, an idea I want to look into. 47 years old, house worth £600k with £200k mortgage with Barclays (split over 3 separate mortgages with different rates). All 13 years remaining (give or take a couple of months). The 3 different rates are from moving house and borrowing more, plus the…
Inheritance money coming and new house
So I had tried to buy a few houses last year. I’m in Scotland so one was a fixed price if I had offer accepted it would have been done and I could have listed mine as was on market for a bit. The area wasn’t my first choice. So two other ones came up same street same week one sold by the time I viewed second one other one…
Aviva Equity release / Lifetime mortgage
Please can someone advise us about this issue. In 2001, my parent took out a lifetime mortgage of £46,000. Currently in 2025, we now owe them £284,000 roughly, this to me and everyone we speak to, seems absolutely immoral and ridiculous, that it can be this much to pay back. There is interest and there's interest! Is this…
Re-mortgage after Fixed Rate ends with Barclays?
I'm coming up to the end of my 2-year fix soon, at 5.45% with Barclays. This is my first mortgage and I wanted to understand how re-mortgaging works. Within the last 90 days I understand I can select a new rate online on my account. How does this work? Has anyone done this? Is there a new credit check? Is it instant? What…
Un-sellable, un-rentable, un-mortgageable property
Hoping somone can help - I bought a flat in a small block a number of years ago. Went to sell it around 2 years ago (mid-conservative hike in interest rates and borrowing) so plenty of interest but no offers. Bought a house with my partner so we could build a family - with a plan to rent the flat until mortgage rates…

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MSE News

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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Mortgages & endowments

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