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Mortgages & endowments

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

Desperate for advice
Hello. I am desperate for some advice. I have 2 mortgages: Mortgage 1: balance is £69,000. It’s at a rate of 2.59% which is fixed for another 3 years. This costs me £665 a month. Mortgage 2: balance is £111,100. It’s at a rate of 11.75% (I know!) it’s fixed for another year and has a term 19 years left. This costs me £1229…
Porting question
This may be a really stupid question but I've never sold a house before and not sure how it all works. Current house worth around £300k o/s mortgage circa £57k. Mortgage is portable but understand this is still subject to lenders agreement. If our next house we bought for say £280k, could the mortgage still be ported?…
To buy with a mortgage at 66!
Hi there I'm currently mortgage free ,house on market but to get what I really want im looking at a possible 50k shortfall I'm 66 with lots of equity in the house Mortgage rate I'm quoted is 6.6% ,age is against me .... any advice please 🙏
Needing a new mortgage at 62 with a big deposit, new lower paid job and moving 300 miles to new area
I have had some major changes happen in the last 18 months and am now considering moving to the other end of the country. I am 62 and have a small little business, about £100,000 in equity and a little savings. Trouble is I cannot take the business with me but already have a low paid job offer(£30,000) where I am moving to…
Filling in my stamp duty refund form help
Last year I bought another property whilst waiting for my house to sell. The new property cost £280000 and I paid £9,900 stamp duty as it was classed as a second home. I've now sold my first home and want to claim back the stamp duty I paid on the second home I bought. However when filling in the stamp duty refund form it…
BTL remortgage without a job?
Hello. I remortgage my BTL 5 years ago, when I was NOT a UK tax resident. Now this deal is coming to an end and I wonder if I have any options to remortgage it since the new rate is 9.09%. I recently returned to the UK and looking for work. My current rate is 3.75% which is £700, while the rent is £1300, as the deals ends…
Remortgaging
Our mortgages are due for renewal in Feb 25 and may 25. We plan to align the two in February. I am conscious that we have some 0% credit card deals ending in the months prior- barclaycard in December(which I am.hoping to have paid off), natwest in March 25 and virgin in Jan 25. We plan to stay with our existing lender-…
Leeds Building Society Mortgage - after a settled DMP
Hi all, We have just had a mortgaged declined by Nationwide as we were in a DMP, we have now settled all debts that were in the DMP and our broker has submitted an application with Leeds Builiding Society who apparently may accept settled DMPs - they also accept application for those on a DMP so I am hoping our application…
30 year old house repossession debt
Hi all, wondering if I could get some advice please. So my husband divorced his first wife over 30 years ago. When he left he handed the house over to her but never signed any paperwork, silly I know. It appears that 5 years after divorcing she hadn’t been paying the mortgage and it was repossessed with a £20,000 shortfall…
Applying for a mortgage with my partner who gets paid in Danish Krones
I am UK employed and get paid in GBP, my partner works offshore in Denmark and gets paid in Danish Krones which is transferred straight from his danish bank account to his english bank. We have been declined twice now once for 90% mortgage (building society) and once for 85% mortgage (Natwest). Those were our only two…
Mortgage broker gone bust... Can I continue without?
Good evening, I was remortgaging through tenet mortgage solutions. I received my mortgage offer from Barclays and then tenet went into administration and ceased trading. My probably daft question is, can I continue with my mortgage offer without a broker? We already have a solicitor whom we have previously used.
Mortgage application - previously self-employed, now employed - advice needed please
Hi guys, wondered if someone could help me please? I was self employed for about 18 months up until March this year. I then took a new job and am now employed. I am looking to apply for a mortgage and wondered what lenders may require from me proof of earnings wise? Will my previous self-employment be relevant? or will…
Changing payment date reduced direct debit amount
I put my direct debit date 3 days back yesterday, resulting in a slightly lower payment. I’m now wondering if there is a day with a lowest payment, and how do I find it without making the adviser test out 31 options! In any case, I will be remortgaging soon. But my question is, is there a ‘magic’ day for direct debits?
SAM Mortgage actions in Scotland
Does anyone know of any Scottish legal forks representing SAM claimants
Remortgage with debts
We're due to remortgage in 2026 we have approx £40k total debts now that will reduce to approx 25k by time we remortgage. We have property worth £520k with and will remortgage for £160k it'll clear all debts. My question is how much debt really affects the remortgaging? Thanks no missed payment no ccj etc credit score at…
Any recent West Brom Mortgage Timelines
We had AIP and full application go in yesterday, just wanted to check what timelines/scales to expect going forward? They have mentioned application review in 48 hrs from full application (underwritten in 48hrs). Is this true?? Any self employed? What documents were requested in addition? Full app to offer services times…
Paying off Help to Buy loan
We bought a new build in March 2021 for £210k with 5% deposit and 20% HTB with 5 year fixed rate with Barclays at 1.99%. We have been comfortably paying £800 per month mortgage with occasional overpayments of £250 to £500 on an ad hoc basis. Mortgage was £157,500 and is now at £133,869 owing. HTB loan was £42k when house…
Can I close bank accounts with mortgage lender?
I have a debit and credit card with Nationwide and want to take out a mortgage with them in a few months. I don't use the accounts so I want to close them. Does it help me to have existing accounts with them when I take out a mortgage and is it okay for me to just close the accounts?
Re-mortgaging - is a loan better?
My fixed rate mortgage is due to end shortly. I am very fortunate to only owe about £10,000 and hope to pay this off in the next 2 years. Is a mortgage the best choice or should I take out a loan? Thank you
Remortgaging whilst using arranged overdraft
Hi, I live alone and took my first mortgage out 4 years ago and at the time I was employed. Since then I have gone self employed and the first couple of years I wasn't making much so was relying on my overdraft, constantly. I've started to get more work and earn more, however, I'm still stuck in my overdraft, max is £900…

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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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