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Mortgages & endowments

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

Offset mortgages and London & Country
Apart from when I very first bought a house, I have always used London and Country to remortage and have been impressed with them. Recommending them where I can. We remortgaged at the end of last year with a 2 year fix that started in January of this year. When we remortgaged we spoke to L&C and they made us aware of…
Mortgage affordability
Hi there, We are looking to upsize our house as our circumstances have changed, we have two disabled children who can't attend school so now home educated and we need more space! We are currently in a 2 year fix at 4.99% with our local credit union, we owe £76k on our mortgage but would like to borrow an extra £150k. Our…
Accepting A Mortgage Offer
I'm just looking to put my mind at rest over the weekend. We applied for a mortage via a major online broker and subsequently received an offer last month from Virgin Money, which is valid until 03/12/2024, this got sent over to our solicitor the same day. Fast forward to now and we've actually exchange on a home yesterday…
Use of credit card after mortgage application?
Me and my husband have submitted a mortgage application. We have ended up having to make a payment of £1300 on his credit card since the application was submitted. The credit card has a limit of £6000 with £3000 having now been used. We queried this with our mortgage advisor who said that as we are using equity from the…
Natwest - deals eligibility?
We are coming to the end of our 5 year fix with Natwest. I've had a look at the deals we can switch to through their online "Manage your Mortgage" portal and then put the same numbers into the MSE mortgage comparison tool. As you've probably already guessed, there are lower Natwest rates available in the MSE comparison…
Declined twice with no reasons given!!
Hi all I'm looking for some advice and maybe an understanding of what I can do next so i will try and give you as much information as possible I am a first time owner looking to purchase my first house. I have now applied for 2 different mortgages through 2 different mortgage advisors. I have recently changed jobs in…
Remortgaging with credit card debt
Hi all, newbie here! We are in the end stages of remortgaging and releasing some funds. We have about 8k worth or credit card debt, which the lender has said needs paying off (however not before completion). So in theory, we get the funds before we have to clear any debt. We asked solicitors what proof we need to provide…
Nationwide Mortgages
Hello I’m a newbie here. Please don’t shout at me if this topic has been covered a billion times. Myself and my wife have applied for a mortgage via a broker on the 21st May. We had a text message to confirm receipt of the application and a hard search was done via Equifax and Transunion. We received a text the same day to…
Mortgage with defaults
A well trodden topic I know - but here goes! Wondering on our chances of approval of a mortgage with a High Street lender and therefore a decent rate. Joint application with my wife who has very good credit history/score. I however have 3 defaults, over 5 years old (so dropping off my credit file in around 10 months) all…
Poor credit and first mortgage advice
Hi I’m after some and advice and I’m hopeful you can share some of your wisdom. i haven’t got the best credit score current Experian is showing me as 650, this is due to having 6 defaults logged against me in 2020 along with two CCJs. As my financial situation is much better now thanks to a household income of around 90k…
Retirement interest only mortgages
Has anybody up to date information on these. I understand these are run by building societies but finding it difficult to get current information on availability and who to approach.
Best Option?
I've got an offset repayment mortgage with 16.5 years to run on a variable rate of 7.4%. I'm in the fortunate position that I have savings in the linked offset savings a/c that are currently about 70% of the remaining mortgage balance. With Labour promising to levy VAT on school fees if (!) they win on 4 July, it seems…
Nationwide Mortgage & Salary Sacrifice Car Lease
Looking for some advice as to whether Nationwide are correct to interpret the below scenario or whether this is a flawed or unusual approach. I, like many others I'm sure, have a 'company car' through salary sacrifice (via Tusker). It works in exactly the same way as pension contributions, my gross salary is reduced as a…
Halifax valuations and timescale please!
We put in a mortgage application with Nationwide for a property for £247,000. Nationwide told us they would offer all the money but with a 13.5k retention. We then renegotiated halfway with the retention, leaving us with a new purchase price of 240k and 6k for us to make up the shortfall. Our broker is now telling us it…
Accord Mortgage Checks
Hi, We’ve had our mortgage offer from Accord mortgages back in January 2024. The solicitor enquiries seems to be finally coming to an end and I was wondering if anyone knows if Accord Mortgages do any last minute checks before releasing funds? And if so, what do they check for? Thank you!
Part ownership of ML house
My partner and I live in his Mum's property (she does not live there), for which he has a small share in. She needs to sell the house next year to release funds but has presented an opportunity to delay selling if we can contribute an additional 35% of the home value (to have a 50% share). This will mean she won't need to…
First time Morgage
Hi Hopefully you can point me in the right direction. I am Looking for an independent whole of the market mortgage advisor for my son. It's been a long time since I've had to do this so a bit clueless on where to start or whether to trust a comparison web site. We are in North Manchester if that’s relevant. Thanks <3
Accord Mortgage - awaiting offer
Full Application 05/06/2024 Hard Search On credit File 05/06/2024 Physical Val booked for 07/06 according to EA (Tomorrow) 85% LTV Hi All, has anyone else applied recently (via broker) and how long did it take to get a full offer? Has the fact the val been booked mean all is OK pending the val or is this an automated…
Getting a mortgage on a flat with (wooden) cladding advice
Hi, has anyone recently been successful at getting a mortgage approved on a flat with cladding? I had an offer accepted on a flat, Nationwide arranged the valuation survey on the 22nd April and ever since then its just been a constant back and forth between Nationwide and the Leaseholder, they're the estate agent too,…
Pensioner unable to claim PPI and halifax aren't helping
Hi, new person post and lots of detail so hope someone could help. My mum was unable to reclaim PPI for interest only mortgage as the broker was independent and had since died. She tried unsuccessfully via a solicitor in 2012. Halifax have had the account the entire term, it ended in 2011 and she still owed the value of…

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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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