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Mortgages & endowments

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

Barclays Mortgage Porting Struggle - Help!
Hello all, I'm writing this to rant, to inform of my painful experience and lastly listen if anybody knows how to get around my mortgage problem. I've been a Barclay's customer for nearly 40 years starting as a young boy, used many different services growing up from their banking services, loans and mortgages (and with…
Changing Mortgage Lenders after receiving Mortgage Offer but before Exchange
Hello all, First off, Thank you all for helping me with my mortgage related questions over the past few weeks. It's been really helpful. I have come across another situation and was hoping you could provide your knowledge in this regards. So here is the current situation, After my offer on a property was accepted, the…
The mortgage works
Due to financial difficulties the mortgage works offered me 4.6 %above base rate reviewed every three months . I’ve been paying off my arrears on top . They have offered me a fixed rate of 4.92% above base rate over two years . I cannot afford this I have been persistently on the phone to no avail either left holding cut…
Should I clear 0% credit card balance before remortgaging?
Our 5 fixed rate mortgage expires in March next year so we'll be looking for new mortgage deals over the next couple of months. I have a balance of 21k across two 0% interest credit cards against total savings of 70k so I could clear the cards immediately if I wish. Is it worth doing so? Would having this credit card…
Getting a mortgage when freelance...
My partner and I are considering moving house. I earn £62,425 a year in a permanent, full time job but, since May this year, she's been freelance. Her average monthly income is ~5k. ~1k of this comes from a regular contract and the rest from media appearances (e.g. podcasts, broadcasts), public speaking and columns for…
Redundancy just before exchange of new build
I have just been made redundant during the processes of buying a new build. The completion date of the house has been extended from Oct 24 to Jan 25 and my mortgagee offer expires in Dec 24. I am hesitant to exchange as I do not want to be in a position of owning money if I was to loose the mortgage offer. I am hoping to…
Does a first time mortgage borrower qualify as a first time buyer?
Our son is looking to secure a mortgage for the first time though he has technically owned a property previously - during his uni years we extended out own mortgage and provided funds for a small flat in his name. That flat has since been sold and our loan returned. So would he qualify for a FTB mortgage? I wonder if…
Deposit amount on contract
Hi, first time buyer here so feeling a little nervous about a potential error on my contract. I am buying a house with a 5% deposit, however the vendors solicitor has sent a contract with a 10% deposit stated. My solicitor has stated that this is fine and they will strike this from the contract and hand write the correct…
Mortgage timeline with Skipton
Hi All, I have been reading past posts, and Skipton Building Society is normally quick for what I have read. My FTB application timeline with Skipton: * Application received by Skipton 28/07/2024 * Date Minimum submission received 28/07/2024 * Valuation was done on 09/08/24 but shows as Pending Decision - Information…
How long in reality to draw down mortgage funds?
Hi all, I'm just wondering what people's recent experience is in how quickly solicitors are able to get mortgage funds once requested? Looking online it seems the general rule is 3-7 days. We've been told that we're hopefully working towards completion on 27th Sept still, that's the date our vendors are also hoping for. We…
Looking to move house but concerned re gambling transactions. Frequency and amounts explained.
Hi all I’ve a decision in principle to borrow 480k, plus a 160k deposit for a 640k house. We’ve a combined gross income of £117,000. We have no loans or credit cards (I finished paying them off last month). We just both have a lease car which totals £800 per month combined. I’m concerned re gambling transactions and their…
Is there a way at all? Mortgage on benefits
First time buyers In receipt of benefits - joint claim but boyfriend only on there cos he's my carer (I have epilepsy). All payments are made into MY account. UC /CB /CA and PIP BF is on electoral roll and opened a bank account 2 weeks ago. House value is 80k Deposit 20k Good credit scores Have had a DIP fall through. Was…
MSE news: Base rate held – but with mortgage rates falling, should you fix now or wait?
Fixed-rate mortgage deals have gotten cheaper in recent weeks – and brokers say rates could still come down a bit more, despite the Bank of England’s decision to hold the base rate at 5%. So what, if anything, should you do about it? Read the full story on: 'Base rate held – but with mortgage rates falling, should you fix…
Using Argos card whilst applying for mortgage
Hi guys, I am currently in the process of buying my first home, and I'm on the edge of completion. I currently have an Argos store card with no current balance on it. Would it have any negative affect on me completing on my purchase if I added a purchase onto the card through the pay no interest for however many months?…
ill health retirement
Hi, I may have to give up my job due to ill health. I have a mortgage, do I have to inform my lender if I do have to give up my job, even if I will still be able to make the payments for the foreseeable future? Would they change any of the terms or conditions? Or would they be ok as long as I’m still making the payments on…
2 or 5 year fixed?
Our mortgage is up for renewal in a few weeks and we have 12 years left on our mortage. Our current lender is offering us a pretty decent 5 year fixed deal and a slightly worse 2 year fixed but they're the best 2 deals around I can find. I know no-one really knows what's going to happen in the world in the coming years but…
Kent Relince
Hi all, has anyone had a mortgage go through with Kent relince recently ? And how long dose it normally take. We submitted our full application on Tuesday and was advised by our MB that it’s a 3 days turn around for the underwriting but nothing about the house valuation yet ? Is this normal. Just a nervous first time…
Bank rejected last 75% shared ownership purchase as next to industrial property
Does anyone have any experience or advise for me, please? I have a mortgage with a provider for 75% of a shared ownership flat, I have already remortgaged with them once before. The flat has always been next to this industrial processing building which smells mostly in the summer and intermittently different times of…
Remortgaging advice on fixed term
Hi all, looking for your thoughts please. Partner and I have been in our property for over a year now. In very different positions, as he put down 350,000 as a deposit, I put down nothing and I pay the £148,000 mortgage property est value £500,000. mortgage at a fixed rate of 5.23% for 36 months (with 21 months remaining)…
Mortgage Inquiry
Hello, I am FTB and recently got a mortgage offer from a lender for 2 years fixed rate , but later I got information about the 5 year fixed rate being cheaper. I made inquiry about this from my mortgage broker , who told me there was a product fee attached to the 5 years fixed term and that changing the offer doesn’t take…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
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 low-income 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.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
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
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
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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