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Endowment Qualifying status - Changing advice from Provider
I took out an endowment in May 1999. In 2013, I was considering cancelling the policy as it was performing badly, The Service Provider Friends Provident advised me that I could reduce life cover & remove critical illness (an optional part of the policy) as I already had these benefits through work. FP sent me quotes to…
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MSE News: Mortgage rates drop below 4% for the first time in months
Interest rates on fixed mortgage deals have fallen below 4% for the first time since November 2024 – but will rates come down further? We've spoken to four mortgage brokers to see what they think – and whether you should fix. Read the full story: 'Mortgage rates drop below 4% for the first time in months – so do brokers…
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Mortgage with late payments
Hello New to forum I would like advice / similar situation with others for some peace of mind situation is as follows. House currently on the market ( not sold ) ( x2 applicants ) This is be our 3rd move ( 1st mortgage - Barclays / 2nd Halifax /3rd Ported with Halifax ( current lender ) due to moving when the market was…
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2 Year Fix, 2 Year Tracker or 5 Year Fix
HSBC Exisiting Customer due to renew 1st July. 4.44% 2 Year Fix 4.74% 2 Year Tracker 4.39% 5 Year Fix I have currently applied for the tracker with the presumption it will be 4.49 or even 4.24 by July/Sept when I switch hence why I have avoided current fixes as the tracker will likely go below the fixes, if i were to…
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Help to buy scotland
Hi, we bought our house in 2014 we were offered help to buy which we eventually agreed to when we purchased the house in 2014 we paid £285,000 and used 20% help to buy which worked out at £57,000. we know wish to buy the 20% back which will now cost us £100,000 as we have have upgraded the property, i feel this is like…
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investing in parents house
Hello I have a bit of an obscure one. Last year I decided to sell my home, I'd been divorced for a while and just wanted rid of the house and the connection to my ex husband. So in October I sold it and had a pot of money. I live now in my parents three bed end of terrace with my three children 18/14/10. I am the primary…
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Mortgage overpayment - 2 year term
We are first time buyers, our interest rate is 4.44% and we are on a 2 year fixed mortgage over 25 years. In terms of overpaying, I understand that overpaying reduces the interest paid and therefore reduces term length however, depending on what interest rates are doing we aren’t going to be on the 4.44% interest rate…
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Mortgage for property next to a pub
We are trying to sell our house and it has fallen through 3 times for the same reason.....it's next to a country pub. Does anyone know of any lenders who will lend in this situation?? It's getting quite frustrating. Thanks
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Additional Borrowing - How it works?
Hi All, Been reading the forums for some time and always found the info provided useful. After some advice on how additional borrowing works. Basically I have a fixed mortgage (HSBC) with 2 years left, at an LTV of 30%. We are planning to undertake a significant house extension, with the need to borrow circa £170k. What I…
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Is this possible? (leasehold - short lease)
Hi all Remaining lease 68 years Cost to extend by 90 years - c£15k Mortgage balance remaining - £105k Property value as is - £167 (according to high street lender) Property value with extended lease - £200-210 (according to estate agents) My sister has come to the end of her mortgage deal with a high street lender and will…
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Service Charge, No Sinking Fund- Should I be worried?
Please, I have been greatly disturbed and would need advice under a very short period of time. The flat we want to buy has 1) £100 annual ground rent & £650 annual service charge. Q1? Is that fair amount on a one bedroom? 2) There is no sinking fund/Reserve. Though the last two years have a deficit of £1000 service charge…
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Adverse credit mortgage
Good morning all, I'm in a bit of a sticky situation with my mortgage. A couple of years ago, I was extremely lucky to buy a house at a reduced price from my Mum and Step Dad. The 40% gifted equity worked as my deposit, enabling me to get a mortgage of £155k (at 7.9%!) with UTB. This was on the premise I would be able to…
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Mortgage Execution only trap.
Mortgage lender agreed to submit an application on behalf of customer for a reduction in his existing borrowing , however lender without customers knowledge two days later submitted application outside of the existing mortgage product LTV criteria of 60-40%. increasing loan value, not reducing it this was above 1% of…
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Short time left on mortage
Hello lovely people! My fixed rate comes to an end at the end of May and Natwest have said they won't offer me another mortgage because I only have a 2 years left, and they are going to put me on a SVR which is currently 7.74%. Can you please advise if there is any reason why I would be turned down if I took a loan to…
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Unencumbered mortgage
Hi. We are looking to do an extension on our house and I'm after advice on how best to finance it. We need to borrow approx 80k. We are incredibly lucky and we are mortgage free in our mid thirties. We both work and I've been looking into mortgages. Is this the best way to fund the extension? Or should we release equity…
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Repossession of Property
Hi can anyone tell me if my house is repossessed can I still keep my bank account? Also do the Mortgage Lenders look into your bank account or is it private to me. Really, not nice to be in this position but can't be helped!
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Advice on remortgaging with debt plan
Hi there Just after a bit of advice We are going to sell our current house and remortgage on the new one My partner is on a debt plan right now and this is due to end in May this year. If we decide to move in say September this year and we do a joint application, would they reject us because of her debt plan? Her credit…
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IVA restriction on mortgage
I have an RX1 restrcition on my mortgage due to my ex partner taking out an IVA, we were joint owners originally, but this made us tennants in common. Sadly he has passed, the IVA I believe is completed, due to a letter I have found but I cannot find a certificate of completion. Can I apply to get the restrcition removed…
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Lender Checks on Bank Statements
When submitting last few current account statements for a mortgage application, what do lenders want to see? I am transferring pretty much all of my salary into various other accounts and pots for bills and spending at the beginning of each month, leaving a very low balance for most of the month. I am worried that this…
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Current deal coming to an end in April
Some advice please, my current mortgage deal with the Halifax is coming to an end in April.The details are that i owe £70,201, it has 6 years and 9 months left to run. The deal has been over three years and is currently 4.73%. The house value is approx £450,000, I'm tempted to take on an extra £5000 to refurbish the house…
