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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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Remortgage at age 65, interest-only options?
Hi, Can anyone recommend a mortgage broker experienced in later-life remortgages? • I'm 65 and still working • Residential interest-only mortgage now at end of term • Low LTV / strong equity and payments up to date • Looking to refinance via RIO / later-life lending (not high-street banks) Ideally someone who has…
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House Unmortgagable Due To Location
Hi All I bought a house in 2021 next to a train track. HSBC happily gave me a mortgage to buy the property. I've just had to have a lot of work done to the house (re-roof etc), and HSBC have now said that due to the location of the house I can no longer get a mortgage on it. I've tried other providers through a broker…
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Overpaying mortgage
Good morning, I'm looking for a quick bit of advice re. overpaying a mortgage. Due to a payrise I find myself in a position to overpay on my mortgage. I can afford to overpay by £200 a month or £2400pa. Am I better to overpay each month straight to the mortgage company or put the money in a cash isa for 12 months then pay…
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Remortage frustration
Currently remortgaging for the first time. My broker lead me to believe it would all be straightforward but this week has been a pain. Not exactly their fault, I guess, but I will be making a suggestion afterwards so they can make sure future client experiences better. They initiated the application and then the legal and…
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Mortgage deposit - amount left over
Currently going through the mortgage process and at enquiries and searches stage. We are putting down a 5% deposit saved in a LISA however due to the interest that is being accrued monthly we currently have around £500 more than the amount required. What will happen to that money when the solicitor requests funds? Does the…
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Confirming what to do - Remortgage
Hi All, We are one of those people who are coming off a great rate (NatWest 1.72%) from 1st April. We went with L&C in Dec and the best deal showing (and still is on MSE) is HSBC 4.04% deal (no fee) 2 year fixed - but has cash back so despite not being the best % wise, the overall cost is better. We locked that in and have…
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First Direct Life Tracker - Anyone on it?
I am tempted to move my mortgage to this (75% LTV 0.5% above BOE with £490). Currently on HSBC 2 Year Tracker 3.99% ends next summer (75% LTV 0.25% above BOE) TBH I am sick of moving my mortgage around every 2-5 years and like the idea of rates dropping, mine drop too, with a view to fixing straight away should rates ever…
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Mortgage offer received signing a new rental agreement
Hi all I’m after some advice I am currently Living with parents and have received a mortgage offer for a property im purchasing completion will be in the next few weeks once all conveyancing is complete. The property im purchasing will need a lot of renovation works and a small extension. My plan was to continue living…
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Reduced market value purchase from parents
We're buying a house from my parents at reduced market value and therefore are being given £20,000 in gifted equity. Has anyone done this before and who did you use? I've heard some lenders are happy to include the gift towards the deposit meaning we would need less cash ourselves. Ideally we will put between £10,000 to…
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Aldermore - remortgage - home improvement info
Hello. I'm in the process of applying for a remortgage through a broker. We had IVA discharged just over 2 years ago so when we moved we were with Blustone. Re-mortgage options are still limited but going with Aldermore - rate decent and we're wanting to take some equity out for home improvements. We're currently at 65%…
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Making a lump-sum overpayment on my fixed rate mortgage?
Hi all. I'm pretty rubbish at finances and don't have anyone else to ask this… I have already read Martin Lewis guidance and blog on over-payng a mortgage, but still have questions - I'm hoping some of you lovely experts might help me make more sense of what might be best to do. I realise any decision is my…
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So fed up with L&C - would it be a mistake to apply for my own mortgage separately?
It's a bit of a long story, but having used L&C many times in the past and generally had a good experience, this time around I've had all kinds of issues, and I'm about at the end of my patience…. I am really nervous about the application as although I have an excellent credit rating, last year I was in the midst of a…
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Skipton Track Record decline
hi My husband and I asked our broker to try and get an agreement in principal for a Skipton Track Record mortgage. It was declined… with no specific reason. Some information about us: we live in Scotland We have an annual income of £70k Personal loan (taken for a car purchase) £212 monthly and £11k to pay Credit card debt…
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Own half the house with a parent? Any advice
Hopefully someone has some experience of this type of situation. We are going to get legal advice, but it would be great to know what to expect. Long story short. Partner owns her house, but jointly with her Dad. He has his own house too that he lives in with the Mum. Hes getting on, and hes got health issues, etc etc.…
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Should I overpay or save?
Edit: Not sure if this should be here or the mortgage-free wannabe board?? Hi all, interested to know what you would do if you were me. Mortgage is £53400 left, current deal is 1.29% (£335pm) fixed until October 2026. There will be 14 years left in October. I could probably overpay between £100pm and £200pm. Would this…
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Can’t get a mortgage due to ex wife
how can you get your name off a mortgage after divorce ex wife didn’t remove and it’s now the 2nd time the mortgage is in arrears of nearly £25,000 ?
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NatWest DIP to Application - 6 month rule
Hi, I am purchasing a home in Scotland from a family member. They have owned the home for less than 6 months. They purchased the home, renovated, and are selling to me for the new independent home report value. All renovation work can be evidenced and the home is valued the same as similar homes in the area. Natwest…
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17 months of mortgage left after fixed rate ends
Our fixed rate deal ends at the end of 2026. After that we have 17 months left until it is paid off! The fixed rate is 1.29%. The SVR for our lender is 6.54%. So our payments will go up. After the fixed rate ends, is there any way to get, say a 1 year fix without extending the mortgage term. Or a fix for the remaining term…
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Barclays ruined my credit rating!
Hi, I wonder if this has happened to anyone else out there. I have had an interest only mortgage for 25 years, I took it out with Woolwich, and in 2023 Barclays starting asking for more money to cover my Mortgage Current Account? I didn't know, and still don't really know what that was. I made three payments, but they were…
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Mortgage broker - ask me anything
Thought I would start a thread where people can ask the brokers opinion on things @ACG @LRmortgage @kingstreet @Deleted_User (any other brokers want to chip in - these were the main other brokers who came to mind. It is definately an interesting market - probably the busiest I have ever been but at the same time lenders…
