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Mortgages & Endowments sticky
Please be aware of the MSE Forum rules when posting on this board, notably: * If using the Forum as a professional, please note that posting on behalf of your business is only permitted if you are an MSE verified user. * Advertising and spam are not permitted. * Do not share any personal information, such as your own or…
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Historic Endowment
My mum has recently passed away and when going through paperwork, I noticed that she took out an endowment with standard life at the same time as taking out a mortgage with Nationwide. The endowment was taken out in 1988 and matured in 2013 but I don’t think this was ever cashed in. I’ve tried reading up on the topic of…
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how to 'give' my son my house
I am just wondering the possiblilty of giving my house to my son and how to go about it; Briefly, I have a house valued approx 130k. Outstanding mortgage is £30k . Son is self employed, Am I right in saying that I could do something called Gift of Equity , so that he owns the £100k equity Are there any alternatives you can…
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Remortgage hell
Hello i am looking for some positive help. We have recently sold our house and had an offer accepted on new house. Our mortgage advisor has applied first off with our Current lender who said no. He then tried the Cumberland Building Society who are also looking like they will say no. The problem is my old dmp. Its full…
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What age did you pay off mortgage ?
Just wondering when people become mortgage free. I’m 54 and have several BTL mortgages, but it’s the one on my main dwelling that I’m referring to. Unless I have an unexpected windfall, I think it’ll take another ten years. I was within 30 grand of paying it off nine years ago, but then we moved and upped the loan…
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Scary read with precise mortgages!
We’ve gone with haysto due to my colourful credit history - they’ve been amazing and put us with precise. accepted DIP and went to application. We then read how they are…. Application went in Tuesday, valuation booked in for 3/6 of the property we’re buying and today already heard back with extra questions. mainly over my…
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Nationwide Mortgage Application - If rates drop...
I'm about to apply direct for a mortgage with Nationwide. Does anyone know if they allow you to move to a lower rate if rates drop in between mortgage application and exchange? I've seen varying things online, some saying they allow it, and some saying they insist on a full new application.
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Regulated Buy to Let Questions.
Good morning, I wonder if anyone would be able to help with a few questions I have about Regulated BTL mortgages. Backstory - I'm in a lot of debt (would enter a self managed DMP if/when I know my housing situation is secure) I own a home with my ex partner and have 3 10/11 year old sons. Current property £111,000 left on…
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Mortgage
Hi all sorry but wandering if anyone can help as I've had a brain freeze! 🤪 We have a house which we are selling for 500k and which has a 200k mortgage but our mortgage deal is very good so will be porting existing mortgage to new house. We are buying another property which is valued at 500k so will use 300k from house…
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Help in choosing the right mortgage product in current market conditions while remortgaging
Hi all, Looking for some advice on remortgaging as I’m a bit torn on what to do. My current deal is 4.75% at £1,875/month on a £322k mortgage, ending in September. My lender has offered me an early switch with no ERCs, with options like: 2-year tracker /4.30% (/£1,790/month) 3–5 year fixed around 4.8–4.9%…
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Mortgage early repayment fee
We took out a £136K mortgage (2 years fixed) in early 2015 with Furness BS. When that ran out in 2017 we renewed it (£115K) but this time on a 5 year fixed rate. Again in 2022 we renewed (£65K) on another 5 year fixed rate which is due to finish in Jan 2027 with a further 4 payments on the SVR to finish the mortgage…
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Santander product transfer
I'm looking for a (hopefully!) quick answer to a question please. Our current fixed-term mortgage with Santander is coming to an end in early September. I am 99% sure we are going to do a simple product transfer with Santander (yes, I know there are cheaper/better deals out there but we cannot remortgage to a different…
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Re-Mortgage Dragging on Past Completion Date
Hi all, earlier in the year I started a re-mortgage process to move from my current provider to Santander. This has been facilitated through the Santander provided Enact conveyencer firm. After filling in all the documentation, providing all relevant information, the completion date was set for early April. The completion…
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Should I redo my EPC?
So The plan is to get a heat pump before 2030 as I'm not sure what happens with the next government so I don't have this atm, and atm it can actually reduce your EPC score potentially My mortgage is due to renew next year. I've noticed some providers have "green" mortgages available to those with an A or B rated house.…
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Anxious about remortgage
As the thread title suggests, I'm feeling very apprehensive. I'm due to re-mortgage from a 5 year fix in early January. I currently overpay by £250/month and put a few thousand down not long ago. Overall, I'll have reduced my mortgage by £20k in 18 months. I'll have a 50% LTV. In January, what I pay now would have be…
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Sprive App?
I’ve seen a lot of buzz around Sprive at the moment from people using it to overpay their mortgages. Has anyone used it before and is it worth doing? (Not looking for referral links, just reviews and info from people who know more about it than I do). Thanks in advance!
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How to hold a remortgage offer while waiting to see what rates do?
Hello all, My mortgage deal ends at the end of August. I recently arranged a remortgage offer through a broker. I've received the offer letter from the lender. However, I'm obviously hoping that rates fall before I need to remortgage and that I can switch to a lower rate, perhaps with another lender. The broker set me up…
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Title & Property Documents at Land Registry
Good afternoon. After completing my mortgage repayments my lender said I (or a solicitor) could now request my title and property documents from the Land Registry. I looked at the Gov website to begin the process, but the more I looked, the more confused I got. So I asked a conveyancing solicitor if I could pay them to do…
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Help to Buy Equity Repayment
Hi there, I seriously misunderstood the T&Cs when taking out a Help2Buy equity loan in 2021. While aware it is 20% equity in the house value at time of remortgage and/or sale, I believed it wasn't 20% of the current home value at time you decided to repay without remortgaging or selling. I was hoping to start repaying the…
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Mortgage/repossession/declaration of trust
Before I write an essay..are there any posters with experience on the above?
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NatWest - process for FTB
I'm a FTB at the age of 50 (!) and would just like to understand the process a bit more whilst I'm agonisingly waiting for news. My broker is great, but feel like I'm bombarding him with enough questions! I am (hopefully) buying a house for £190000, with a 10% deposit. This is through NatWest, who also issued me with a…
