We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgages & endowments

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

Mortgage decline reason and appeal
Hello all This is a very long and complicated story, so I will focus only on the key points relevant to getting some help, please: * I have submitted a mortgage decision in principle that was declined. * The lender wouldn't give a specific reason, but gave the extremely vague answer that it was due to adverse data on the…
Mortgage Porting & Downsizing
Hi all, Hoping someone can provide some clarity on mortgage porting & downsizing. Have sold our property for £575,000. Our property was valued by mortgage company approx 490k so we are in the 75% loan to value bracket. We have £367,000 outstanding on mortgage with Natwest. We are looking to purchase a property for £425,000…
Likelihood of last minute credit check - Nationwide
Hi all, We're completing on our house in a few weeks. We're FTB. Our mortgage offer was issued by Nationwide with a note in there to say my credit card needs to be cleared (balance was approx £2k when I applied). Being completely honest, a lot of the costs we've had to pay leading up to the house purchase have been…
Mortgage Tipping Point
Hi, I'm into the 18th year of a 27 year tracker repayment mortgage. The Monthly Mortgage is £464 but the capital reduction each month is about £190. I would have thought by now we would be paying more capital than interest. What are your thoughts?
Overpay Interest or Capital and Repayment
Hi, I am sorry if this has been asked before, but I want to over pay my mortgage. It is made up of 2 parts, one part interest only and the other capital and repayment, both due to end in 15 years. Does it make more financial sense to overpay the interest only or capital and repayment part? Thanks in advance.
Govt help to buy loan. In current climate should I pay it off?
Hi all. Was dead set on repaying it this yr and somebody just made a very gd point that I should rethink n weigh up the interest on it Vs paying off and house prices. He doesn't believe I should and rather pay the mortgage down asuch as I can for now as that's higher Vs property price increase and the loan interest. More I…
Low-LTV (£125-150 k) mortgage with 75-y-o parent – lender options?
Key facts * Purchase price: £625 k * Equity from sale: ≈ £567 k * Loan needed: £100-150 k (≈ 20-24 % LTV) * Refurb budget: up to £60 k (kept from equity) Applicant 1 (me) * Age 41, trainee surveyor (RICS) * Salary down to £28 k from £90k as retraining → rising to ~£50 k in Aug 2026 when I qualify * Clean credit (never had…
Joint or Solo Mortgage?
Hi all, My husband and I are in the process of buying our first home together and are weighing up whether to apply for a mortgage jointly or in just one of our names. I'll be selling my flat and using the proceeds as our deposit. Although the funds are from the sale of my property, we're treating it as a joint purchase.…
maintaining a token balance
It used to be recommended to maintain a token mortgage balance as a protection against fraudsters claiming your home, and also as a way to keep the deeds safe without incurring storage fee from your bank. Is there a protection still in asking the mortgage lender to retain a token balance?
How do I calculate the HSBC tracker vs fixed rate saving?
HSBC Remortgage - want to move in around a couple of years....want to stay with same lender, they seem to always be the best with rates and exit fees anyway... £185k : 30 Year Term commencing 1st July HSBC 2 Yr Tracker 4.49% £999 HSBC 2 Yr Fix 4.04% £999 I anticipate BOE rate to drop say in August, so tracker will be 4.24%…
Mortgage Rates Natwest
Hi My mortgage ends in 4 months time and I have been offered the below 6 options by NatWest who my mortgage is with at present. Currently have a balance of £126357 with 29 years and 1 month left and 60% ltv. 1. 2 year fixed at 4.32%. No fees 2. 2 year fixed at 3.93%. £995 fee 3. 2 year tracker at 4.97%. No fees 4. 2 year…
Best way to overpay these two mortgages - advice please!
Hoping someone with a better brain for this can give some advice... I am in a fairly fortunate position and trying to work out the best way to do all of this... Hoping this is the right place for this. Have mortgage 1, 160k on 2.48% fixed for 10 years from Nov 2022, ends Oct 2032. 25 yr term. Current balance 125k including…
Accord mortgages following payday loans
Hi, wondering if anyone has any experience of an Accord mortgage following payday loans. These were paid off 4-5 years ago and other wise my credit file is absolutely fine. However we only have a 5% deposit. The first stage was approved (AIP) and now we are very nervously waiting for the underwriting. I’d love to hear some…
AIP to Mortgage offer
Hi, sorry for what might seem a stupid question. But whats the difference between submitting an AIP and a formal mortgage offer? I have an AIP with Accord, slight historic adverse. My Mortgage broker has been provided with all documents thus far thats been requested such as pay slips, credit files, bank statement (that my…
Hard search done , is this a good sign?
Hi everyone I applied for a mortgage on Thursday the 25th and a hard search was done on that day , a valuation was done in person yesterday , I’m just wondering if since the hard search has already been done and we haven’t heard anything bad from that , and they carried out a valuation the next day , is that a good sign ?…
End of mortgage term last year (August 2024) but bank didn't contact me before now - can't pay total
Hi My interest only mortgage term ended in August last year (2024) and the bank didn't contact me until now. They didn't contact me before that. I've been in arrears for several years and in an arrangement to pay these off plus my monthly instalments. I went into arrears due to ill health and being unable to work since end…
what is occupiers consent form?
Hello, I am in the process of buying a flat. Today my solicitor emailed me saying that"I have also requested an Occupiers Consent Form from Halifax which I will need send to you in order for the occupier to sign." I know the general process of house buying and mortgage. But I am not sure what is occupiers consent form and…
Repaying Help to Buy Equity Loan- What proof do I need
Hello, Will I need to get a solicitor, provide months of bank statements, show my job contract etc like I did when I bought my HTB property? I saved up (no holidays, kept same car etc) to repay the full amount, and was 'just' hoping to transfer the money to the HTB agent, but have seen I need to get RICS valuation etc. I…
Could my sister buy my partner out of our mortgage?
My partner and I bought a flat together as tenants in common in 2023, each putting in an equal part of the (very large) deposit and covering half the mortgage payments. We're now facing a potential split and I'm trying to get a handle on how we could realistically deal with the flat - grateful for any advice. I can't…
Remortgage question
Hi all , my mortgage broker has sent me this I don’t have a EPC. Can get one for £59 is it worth it or not. Also is it better to go for a cashback offer or not? Thank you

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

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.

View All

Mortgages & endowments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Mortgages & endowments

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free