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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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Bringing my partner onto the mortgage
Hi all, really hoping for some advice on this! I own around 75% of my house with the remainder still being paid off with a mortgage. I have been living with my partner for a few years and she is keen to get involved with the mortgage so that her money is actually going into something for her future in the unlikely event we…
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Remortgage conveyancing cost
Hi all. I’m remortgaging for the first time. Changing lenders and paying a lump to reduce the mortgage to £300,000. L&C (broker) recommended a conveyancer Premium Property Lawyers who are quoting ~£300. However, I’ve left it a little late (mortgage deal ends 2nd July) and im worried one of these cheap firms will take ages?…
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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…
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Are we expecting BOE to remain at 5.25% on 20th June 2024?
Will trackers decrease further, ie a rate closer to the BOE rate, or is that it for trackers.....not much movement since January on them.....
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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…
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Understanding Interest vs Capital mortgage repayment rate increase
I have had a 5 year fixed mortgage based on 25 years capital repayment projections to start with at a good old rate of 1.75% At the end of that 5 year fixed rate period capital to interest payment ratio was capital 74% interest 26% which is fantastic. Then renewed the fixed rate for 2 years this time at rate of 4.54% with…
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Mortgage at 53
I am separating from my partner and we have paid off our mortgage. I would like to buy another house with the money I make off the sale of our current house. I would get about 90,000 at current value. However, I only have a small private pension only started it 2 years ago. And my salary is 22,000 yearly. I have tried some…
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Selling next year porting mortgage and getting new small mortgage.
I have a mortgage fixed until 2027 at 2.79% with £78k left. This is my house on my own, but my partner lives with me. We really want to buy a house together and sell mine in the next year or two. Since savings interest rates have been so good, we have been saving like crazy for when we decide to take the plunge and sell up…
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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…
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Mortgage for property with separate annexe
I am looking at a house which has a separate annexe in the garden. The annexe has its own council tax rating separate to the house. I would be interested in renting out the annexe either to a long term tenant or possibly airbnb ( may be more lucrative). My question is do I need a specific type of mortgage for this? I would…
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Help
Hi I’m After some advice having a panic. We went to a broker and explained we have a plot of land for sale £190k. With this we want to use £150k as a deposit £20k to pay off any debts , car loans,cc, and overdrafts and final £20k is for solicitors and just some left over for savings. We have no ccjs or defaults , never…
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Mortgage lender insisted on new roof because of spray foam insulation but won’t value house now done
We needed to remortgage our home to repay a loan from family, as agreed, but valuer said loft foam meant he couldn’t value. Lender’s 3rd party surveyors eventually said a new roof was needed. We got this done, sent photos and Building control certificate and invoice etc, as agreed (they declined offer to revisit with LA…
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Awaiting house completion and car finance
My husband and I are waiting on the completion of our first house purchase. We applied for car finance a couple of months before our mortgage, however we are not due to collect the car until the middle of next month. We have already had the credit check done for the car when we applied for the finance, but have not yet…
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Fees and tme saved by clearing mortgage before taking on new
Hi by paying off my mortgage before taking on a new one in the new future does that make the process any quicker for my solicitor and save me any fees?
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Paying off the Loan/Porting/ERC/ Opinion on Ts and Cs.
Hi, First time posting. I was hoping I could get an opinion on the below. I am planning on moving home. Have sale agreed on both my property and on the property I am buying. The new property is more expensive and I will require additional borrowing. With a good wind I believe the sale could complete August/September…
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nationwide remortgage with extra borrowing
For info we are already current nationwide lenders, our fixed term has finished so we are re-mortgaging with them and want to borrow extra for renovations. we have just had our DIP accepted for the extra borrowing, and are going to complete the full application next week. I'm wondering what the process is going to be like…
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Paying off mortgage what's involved?
Hi I'm about to pay off my mortgage (will take on another once I move in future). What is involved in paying off my mortgage other than just clearing the outstanding balance?I'm out of my mortgage fixed term.Are there any other additional fees involved and do I need to get a solicitor involved and how are the title deeds…
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Selling property for mortgage deposit and clear debt
I was left a property in an inheritance , it’s currently being sold and the plan is to use £160k as a deposit on a home and £30k to pay all debts off and solicitors fees.Now we’ve put an offer in and had an aip. Thing is we’ll need to pay our debt from the sale of the property to give us the best chance of getting the…
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Overpay mortgage or save to earn
I have 2.5 years left on a 5 year fixed mortgage on 0.99% interest (£180k remaining). Last year I inherited £100,000 and wonder whether to overpay 10% of the mortgage for the remaining 3 years or whether I’d be better off putting it all in a high interest bank account and earning £ on interest to pay off in bulk when fixed…
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Guarantor for mortgage
Hi everybody I’m an italian living in Scotland and i have a stupid question fo you all. I’m waiting for the Scottish Scheme LIFT to help me buy my first house. This year, this benefit it’is delayed, should have started in April but so far there are no news yet, probably for all these budget cuts from the government.…