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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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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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Advice please
Evening all, In July 2026 our 7 year fixed rate mortgage finishes (Interest rate 2.43%!), that leaves us with 2 years left of our 25 year mortgage and a balance of around £15,000. So my question is: do we take out a 2 year mortgage to finish (probably not) OR pay it off with a stocks and shares ISA - we have 2 around…
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Personal guarantor for business car lease, will it affect mortgage borrowing?
I'm a partner of an LLP and looking to lease a car through the business. The leasing company just told me that I have to agree to be a personal guarantor for the lease but I'm concerned that this would show on a remortgage application as monthly expenditure and significantly affect the amount I can borrow. I can't find…
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Remortgage
My current fixed mortgage rate deal ended March 31st - I instructed a new lender on March 9th, but this has not been completed in time and today my mortgage payment came out and I'm now on the variable rate - approx £100 more than I usually pay. Did I not give myself enough time for the deal to complete? If I didnt' then…
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Offset mortgage, variable rate, no fee. Is there one?
Morning all. We’re looking to add a small amount to the mortgage, which is currently fixed rate. Once the new & old balances are combined, we’d only be about 10% LTV. We’ve previously had an Offset Mortgage but switched to a low fixed rate several years ago. Now keen to go back to an offset as we know exactly how they…
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Offset Mortgages
I wanted to make people aware that when they have an offset mortgage the provider still takes money from you. I have a Barclays off set mortgage that is fully set off (for over 6 months). Due to the way they collect interest they still takes a payment from you even though no interest is outstanding. They then use this…
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Advice with regards mortgage renewal
our mortgage fix ends in May next year 2027. We are currently paying 1.24% and were hoping rates would have got closer to the 2.5/3% mark at renewal next year. Of course now, things have done a u-turn. We have a few options to mind and I’d really appreciate people’s thoughts on what you would do - 1. overpay on the…
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best equity release
hi . iam looking for the best equity release deal , i owe £25.000 to be paid end of this year house is worth £470,000,, i ve had 1 quote of a company who say thet look for best deal going , iam looking to release £55,000. for home improvements iam retired with good income. the deal i was sent starts off at 6% and goues up…
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Should I overpay?
I’ve got just under 1 year left of a 1.9% mortgage with £347k remaining. We’ve had a loft conversion on the property to add an extra bedroom and bathroom as well as bought share of freehold (vs leasehold when I bought), so feel confident the property should increase in value since purchase and hopefully improve the loan to…
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Short Term Options during separation
My long term partner and I have split up and she has moved out leaving our children and me in the house. We had similar incomes so had always split the bills - since she moved out she has stopped contributing so my household income has dropped by 50% but all the outgoings remain the same - this isn't manageable and the…
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Mortgage Complaint - Private recording, can I share transcript and/or audio with the FOS?
Hi, Long-standing mortgage complaint currently with the FOS where the initial adjudicator rule in my favour but the ombudsman has not upheld my case but I have one final opportunity to submit new evidence. As someone who has worked in finance for over 13 years, albeit, in a different industry I felt I had a very strong…
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Barclays Mortgage 2026 Processing Times
Hi everyone, Just wondering if anyone has recent experience with mortgage processing times with Barclays? Our situation is pretty straightforward - PAYE applicants, no adverse credit, and we're purchasing a new build property which will be ready in February 2027. We've already submitted everything and are now waiting to…
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Stamp duty - is Ireland completely separate?
Naturally stamp duty kicks in when you try and buy a 2nd home in the UK (if over £40k) But does that apply to your 2nd home in southern Ireland? Thanks
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remortgaging - interest only
i am hunting more info. Not for my own circumstance. More " did i hear that correctly". apologies if it's in the wrong box. once i have paid off my mortgage, am i allowed in retirement, say to borrow £20,000 on "interest only" basis. with that refunded (plus costs) when i die. I would then have extra money in my pocket,…
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How do remortgage offers work?
Currently on a 5yr fix mega low rate with HSBC which runs out end of August. Unfortunately I cannot reserve a new rate with HSBC until 90 days before the end date, which is June. Obviously I am very concerned that by June mortgage rates could be even higher. But I want to hedge my bets and have the option of re assessing…
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Can't find Mortgage options for separating couples
Hi formum peeps, I have a house with no mortgage, and have separated from my wife. I am looking at mortgage options for a property for me to live in, and don't see I would be classed as a first time buyer. I don't know what products i should be looking at or what the implications are. I do not want to sell the existing…
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50/50 freehold - buying a property - pluses, pitfalls and ALL Advice please
Hello, My partner lives a way away and travels 60 miles to her new work which is still 15 miles from me. We therefore are looking for a small house near where she works as a second home for a couple of years till we trade in everything for something we want. We have found "flat", part of an old hall which need a bit of…
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Self employed: can it make sense to keep a small mortgage even if you can potentially pay it off?
Does keeping a small mortgage going provide any benefit in the scenario where someone might want to borrow against their property in the future? In other words - would it be easier to increase the amount of borrowing on an existing mortgage, than it would be to take out a new mortgage (I think it would be called an…
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Will DWP dept management and mortgage
Hi. I have DWP dept management payments on my bank account from Universal Credit overpayment. Will it affect my chances of getting a mortgage offer. My Credit score is excellent, I have never missed a payment.
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Paying off mortgage - continue annual overpayments or save for a single lump sum
Hi all. I currently overpay 10% of my mortgage annually, and given a round of "voluntary redundancies, followed by further discussions if we do not meet our targets" at my workplace I'm starting to rethink my current strategy of aggressively overpaying my mortgage, I'm not the best at formatting so please bear with me:…
