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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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Inaccurate initial mortgage valuation report.
Good morning, I am looking for some advice/possible solutions to our current problem if possible! I'll briefly outline our situation. We bought a flat that is composed of 2 separate self contained units. There is a one bedroomed flat and then on the floor above there is another room with bathroom which has it's own…
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Which Main Stream Lenders will give me a mortgage over 55 when my home is paid for
Hello Martin I read all over the internet that there are mortgages out there for over 55's who's property is unencumbered. I work and intend to continue well into retirement. Please spill the beans??? At age 57, which main stream banks/building societies will offer me a remortgage at a reasonable lending rate on my fully…
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StepChange Financial Solutions - closing down
Just received notification that StepChange Financial Solutions are closing down, which is a shame as it removes a zero advice fee option for those seeking equity release products.I've mentioned then often on this forum so I thought it was only fair to let people know that they were no longer an option...The StepChange debt…
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HELP - contiguous land issue - Santander
Hello all Long time since last on here but after a complete bombshell I don't know where else to turn. Back in Summer 2019 I secured a 5 year residential mortgage on my house. It is a converted barn, which was part of the family farm. It is a separate legal entity, properly registered the the Land Registry, and has all the…
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Looking to remortgage
Hi there Looking to remortgage in next 2/3 months. Currently with Kensington, badly advised last time around by broker (had just started a new job on probation) as confirmed on here previously, anyway.. Both employed, salaries 49k and 52k. Additional annual income 5k disability benefit and 5k car expenses from employer.…
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Mortgage audit
We have sold our house and made an offer on another. Our plan is to port our mortgage (156k) to the new property and then when the small part of our mortgage is up for renewal in March 26 to pay off in full reducing our amount to 116k. This is in my husband's name only and we've been told that they now have pulled the port…
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Coach House Mortgage
Hi MSE Forum knowledgeable people :) I am hoping to buy a coach with a double garage underneath. 1 will be mine and the other will be leasehold for another property. Wondering if anyone knows which companies can provide mortgages on these properties. I am at the early stages so don't want to start approaching mortgage…
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Halifax Credit Scoring Above 85% LTV
Hi all, We're FTBs with fairly specific circumstances, looking at shared ownership properties in England. We are hoping to do 95% LTV, which I recognise is very optimistic in our circumstances. We've received an AIP from Halifax, with a maximum loan of more than twice what we need but capped at 85% LTV. Halifax are the…
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Remortgage due at the end of the year
hi everyone looking for some advice please if possible? We are currently coming towards the end of our 5 year fixed with Barclays and looking to stay with the just for pure ease for the next 2 years. We have never remortgaged before as we were FTB 5 years ago. Could someone please help me with what happens when we are…
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I have some questions about equity release, please.
Hi everyone I have read and read around equity release till I'm blue in the face and I'm confused, so any help would be most gratefully received, thanks in advance :) We (my husband and I) have discussed equity release and are certain that it's the way to go for us. We have no dependants so our understanding is that it…
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National Hunter Database Mortgage
Has anybody found a mortgage broker that can help get a mortgage if your name is on the National Hunter Database? Thank you.
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LISA, Savings or Interest Only?
I'm wondering if it's better to use a LISA or savings for a house deposit if they at a similar level? The LISA is tax free but not as accessible. Lack of accessibility helps it accumulate over time, where as if I was disciplined with my saving it would incur tax when it accumulates, especially if the ISA allowance is cut…
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Advice for a (hopeful) First Time Buyer
Hi everyone, I'm 23 and since I was 18, it's been my goal to buy my own house rather than renting. I live at home and after finishing uni, my parents have been very kind with rent, asking me to put money into a LISA instead. I have 13k saved in high yield savings accounts. I then have 12k in my LISA. No dept. I currently…
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Mortgage overpayment refunded
Hi We have been overpaying our mortgage for the last 3 years and have now remortgaged and managed to cut the remaining term down from 36 to 25 years. We were with Barclays and they kept the overpayments in a separate account and with changing providers they have told us that this will be refunded to us - around 5k. Me and…
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Will these old debts affect our mortgage application?
Hi, So we’ve gone to a financial advisor to get help with buying a property. We would be looking at paying around a 75% deposit upfront for the house and then getting the rest via a mortgage. The best rate he’s found is with NatWest so we had a mortgage in principle off them and our offer got accepted on the house. Fast…
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Overpaying Newbie
Hi, I want to start overpaying on my mortgage, with the hope I can pay it off earlier than the 30 years predicted. I just have a couple of questions: 1. When I go to make an overpayment with my lender it says I can either select to decrease “payments” or “balance”. Which is more effective? 2. Is it better to overpay (for…
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New Mortgage with no job
Hi all. About 20 years ago I got a new mortgage when I had no job but up to 25% deposit. I used a mortgage advisor now retired or dead and all I had to do was sign a form declaring I could make monthly payment, irrespective of no income or proof of how I would make payments. Do this provision still exist ? I have been told…
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Nationwide mortgage process?
Hi there, I've applied for a mortgage through a broker with Nationwide as a FTB with a 10% deposit. So far I've sent 3 months bank statements and payslips. A valuation is booked for this week. What else will they ask for/need? I think I've got about £400 of deposit left to pull together but not even sure of the length of…
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Borrowing against one house to buy another
I have an unmortgaged home. I would like to buy another property, which would require about 1/3 the value of my home to purchase. I have easily sufficient income to cover a loan/mortgage for this amount, and would most likely pay it off 12-24 months after. What is the best way to do this? When I search for mortgage options…
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Separation/Divorce - Moving out, possible to obtain another mortgage.
Hi, Bit of a morbid post, but it is what it is. My wife and I have decided to split after 16 years in a relationship, the last few haven't been very enjoyable at all, now it's not fair on the kids (9 and 13). Not ending nastily, we both knew it was coming, but now what to do with money/house/mortgage. I'm - wanting to -…
