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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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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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Panicking I’ve messed up our mortgage application – any hope?
I think I may have completely derailed our mortgage application, and I could really use some advice, reassurance, or even just shared experiences. We do have a broker, and I will be discussing this with my husband and then the broker… but I’m still building up the courage. I may need 24 hours to prep myself up before I can…
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Sub sales and Back to back transaction Mortgage
Hi All, does anyone know or have had experience with Sub sales and Back to back transaction? I am in the process of buying a house that has been owned for less than 6 months, not yet on the land registry but seller will provide transfer deed. I am looking for a morrgage can deposit up to 25%.
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How to fund home extension.
Dear all, I am currently mortage free. House is valued at approx £460k. I have gone with lowest estimate based on past sale prices and identical properties. Me and wife both mid 40s are NHS empolyed. Our household income is around £155k. I earn another £40k per year as locum. But this gets paid into my limited company.…
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Help Do I need a mortgage or loan (short term)
This is our situation I have an inheritence which is currently being dealt with the executors of the will (Solicitors) . I have been able to get half by paying an indemnity insurance as putting it into a high interest account is making me more than the fee I had to pay for the indemnity . The other half of the inheritence…
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Shared Ownership Guide
Hi This is the discussion thread for the Shared Ownership guide. If you haven't already, join the forum to reply.
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1st re-mortgage advice
Hi, I was wondering has anyone previously remortgaged to Nationwide using their free legal service - Aberdein Considine? On the legal service package sent it mentions potential additional costs not included within the free service and they will contact me before these may be charged, if applicable to my remortgage. I am…
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Longest term for age 54
Hi all, Looking for a bit of advice on what longest term mortgages are currently available on the market. Essentially looking to bring monthly payments to as low as possible for the next year or two after which point will be repaying mortgage in full (will have lump sums coming in). Current age 54. Would also consider…
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Offset Mortgage: Mortgage Interest period vs Savings Interest Period
Hi All, I took an offset mortgage and fortunately I managed to accumulate some savings. So I'm on a mortgage of 165k with savings of 140k at an interest of 5.25% I have been paying an interest amount of around £80 per month for Dec, Jan, but in Feb, that £80 jumped to around £140. I was surprised and called the provider.…
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Sub sale mortgage
I'm interested in a property being sold by an online estate agents. They have told me it's a sub sale less than 6months from original purchase which was purchased by a different section of the same company. So what I can see they would have bought it as a fast cash sale within 7 days type thing and now are reselling it at…
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Money on Mortage or ISA?
Hi everyone, I just want your opinion on how what's the best way to put my salary. Would you recommend to put it in ISA and use the interest to slowly pay off the mortage as per the monthly minimum payment or all in mortage for overpayment since my interest rate is only under 1.5% (purchase during the pandemic). Thanks!
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Source of funds checks – how far back do they go?
I’m trying to understand what’s typically expected when solicitors check the source of funds for a property purchase. How far back do they usually look at bank history, especially for larger deposits? Also, are digital bank records (like transaction data from banking apps) generally accepted, or do firms still prefer…
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Remortgaging on deal that expires in March 2027
Hi, I noticed that the remortgage rates have jumped up by at least 1% with the war on Iran. My current, very sweet deal, taken before Sept 2022, is expiring in March 2027. How far ahead of the expiration date should I start remortgaging? I'd normally start 6 months ahead as the MSE guide suggests, but I am hoping against…
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Optima Legal remortgage - Civil Servant not in occupation list?
I'm remortgaging and on my mortgage application I put Civil Servant for occupation. I have been successful and been given a mortgage offfer and am just starting the process with Optima Legal. But their occupation box does not have "Civil Servant"! And there is nothing even close that I could think to put? Any other Civil…
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Nationwide Mortgage
Anybody applied with nationwide recently Text: 8th July Hi, Nationwide here. We've received your mortgage application. If you're an existing customer switching to a new deal, your switch has been accepted.
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Nationwide Mortgage application - Scotland
Hi all, Has anyone recently when through a Nationwide mortgage application in Scotland that would able to tell me their timelines of it? Our application went in on Monday (1/7/24) a hard search was done that day aswell, so just wondering how long we would wait for an outcome. They have the home report for our new house so…
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Requesting permission to run small business from home?
I have a mortgage with Halifax and I am currently in the process of trying a start up business. An idea that has been brewing for years, but I'm a procrastinator/self-doubter. This is the furthest I have ever tried to get with an idea. One hurdle I wasn't expecting is that it may be an infringement of my mortgage terms to…
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Nationwide Underwriting (Scotland)
FTB buying in Scotland at £225k (Home report value £240k). Income: £52k. Loan: £205k (9.1% LTV) over 34 years. Debts: Car HP £421. Current Status: Application with underwriters for full assessment. Original application was for 95% over 35 years, Nationwide came back and asked for the term or deposit to be increased. Term…
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Mortgage broker messed up
We arranged for our mortgage to switch to a new product (with the same lender) on 1 April through a large, well‑known broker. Everything was completed in February, and we were told the new rate would automatically take effect on 1 April with nothing further required from us. For context, I hadn’t realised we would be…
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Remortgage
Trying to decide what to do… my 5yr fixed term mortgage ends in October. Currently on 1.35% (wishing I took out 10 years but thats hindsight!) … I’m a sole company director for my limited company. Mortgage currently with virgin money, ideally I’d do a product transfer but earliest I can do this is June. Virgin money was…
