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Mortgage Overpayment - reduce monthly amount or reduce term
Hello, I'm (very fortunately) able to make a lump sum payment on my mortgage and also could make monthly overpayments. I took out a flexible mortgage so I can repay as much as I like whenever with no fees. When I go to the mortgage calculator I have the option to reduce monthly payments or shorten the term with the lump…
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Remortgaging: 2, 3, or 5 years fixed?
Dear All, We bought our house 10 years ago and so far had two 5-year fixed-term mortgages (first home, so no other mortgage experiences). We are now due to remortgage, and I met our mortgage broker today. We have pretty similar offers: 1. 5 year fixed at 3.89% for £1315 per month with Nationwide. But we are currently with…
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Base rate held at 4% – here's what it means and when it might change
The Bank of England has held the base rate at 4%. We explain why, the latest predictions for when it might change, plus what it means for your mortgage and savings... Read the full story: Base rate held at 4% – here's what it means and when it might change If you haven’t already, join the forum to reply.
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Even Equity Loan - First time buyer boost
Hi all! New to the site and need some help. Savings like crazy at the moment and have around 16k, with more in a LISA, and my partner also has a LISA maturing next year. We are looking to boost our deposit to get our first property. We are looking to get atleast 20% deposit down for a 300k property as we are starting our…
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I own a home but my partner doesn't. If we get joint mortgage is their 50% stamp duty?
If I were to buy a 2nd home I'd get hit with stamp duty, but what if it's a joint mortgage with someone who is a first time buyer (and thus no stamp duty) thanks
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20 Defaults - Is it possible?
Hi everyone, I am hoping to get some suggestions/opinions advice if allowed? I’ve been reading through lots of threads here and have found the advice and personal experiences really helpful, so I thought I’d ask about my own situation. Im going through a really tough time that will result in about 20 defaults across…
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Overpayment on Interest Only mortgage
Hi all, I'm hoping you can help me - I suspect I'm just being really stupid but if anybody can help I'd be ever so grateful. We have 7 mortgages on our home, with Nationwide, and we're overpaying them as much as possible to try and be mortgage free in the next few years. 6 of them are repayment mortgages so when we make an…
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Remortgage declined because im paid via umbrella
Hello all Im a nurse on ongoing temporary contracts through an agency. Santander didn't like it as soon as they seen Umbrella.co.uk wrote on my payslip. I've had my mortgage with them for 10yrs too. What options do j have please? Im trying to release some equity for a new car
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Mortgage pre or post house purchase
Hi forumites, I'm hoping for some advice. I have put in an offer for a house and have a buyer for mine. I can purchase without a mortgage but will need one to do work on the house. When is best to apply? Should I do so before purchase (I have an AIP) or wait until I've moved in? tia
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Should I accept gift to pay off CC before mortgage application?
Hi! My partner and I are going to start the process of buying our first home together in the new year. My partner/his parents are providing 80% of the deposit amount. I will be providing 20% from my savings. I have a credit card debt of just over 2k on 0% interest. My mum has very kindly agreed to give me the money to pay…
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Mortgage on property I own
Five years ago I was lucky enough to inherit some money, but at the time I wasn’t working on a permanent contract and couldn’t get a mortgage. I was able to borrow £60000 from a family member. I’m now in a secure job and in a position to repay. The property is now worth about £200000. What sort of mortgage do I need to…
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Possibility of getting a mortgage with a DMP
Current situation:- Renting for £750pm and the landlord wants to sell in two years time, we would like to buy. The property is probably going to be worth around £220,000 as an estimate. We have combined incomes of £44,000pa and will have a saved deposit of £40,000. I currently have £22,000 of debt (credit cards and loans)…
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Remortgaging options
Hi All, Just looking for advice / perspectives in relation to my options when my current product comes to an end in a few months. Any thoughts welcome..... At that point mortgage will be about £40,000 remaining. House value approx £215k so low LTV. Single parent on part time income so prefer to remain with my current…
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Looking for some guidance on a valuation on a new build house mortgage
Morning all, I've just signed up to this forum. I've used it for years and it's been extremely helpful. However, I now find myself in a spot where I can't find an archived thread that helps - so any guidance here will be a huge help. My wife and I reserved a new build house here in Scotland (via Cala Homes) earlier this…
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Confused by mortgage decline
I just wondered if anyone in the mortgage industry ie a broker could shed any light as to why this decline might be the case. Its a buy to let I own. Value £130 Mortgage 66k I asked for further borrowing of £23k for home improvements at my own home which they said was fine. The LTV is fine. However, its been with the same…
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Overpayment to end mortgage - N'Wide
I have been overpaying my Nationwide Mortgage for some years and the end is now in sight. I am allowed to overpay 10% of the original loan. Once I get into my new overpayment year (from 1 Feb 2026), my overpayment allowance will be greater than the outstanding balance. Any Early Repayment Charge would be 4%. But the terms…
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Advice on re-mortgage/change of product
Hi everyone! I’m just looking for some advice/a check on my plan. I currently have permission to let my property from my lender with the agreement that when I’m at re-mortgage time I move to a commercial mortgage. My deal ends on the 1st April 2026. To do up my house I accrued about £28,800 of debt. I’m paying that off and…
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Reducing amount required for re-mortgage but confused by latest letter from conveyancer
Hi I am currently re-mortgaging my property. Currently with Atom and as of today £98671 left on mortgage with last payment due in November. I was successful with getting a nationwide mortgage and decided that I wanted to pay a lump sum of £67,000 to reduce the mortgage further and now have a mortgage offer agreed of…
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Mortgage porting query
Hi all Struggling to get my head around whether to port or not to port…. Our house is on the market with around 150k equity. We are fixed with Nationwide for another 4 years and have £175k outstanding on the mortgage. We are looking to purchase a house of £425k with 75k from the equity and using the rest of equity with…
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RBS One account changing to use their app
Hi all, currently got a One account that is switching to using RBS for app and online banking access. I’ve registered and logged in but can only see the mortgage balance and transactions to the main account - not of the additional pots are visible or usable. Is anyone else going through the change and seen what I must have…
