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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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Poor credit and first mortgage advice
Hi I’m after some and advice and I’m hopeful you can share some of your wisdom. i haven’t got the best credit score current Experian is showing me as 650, this is due to having 6 defaults logged against me in 2020 along with two CCJs. As my financial situation is much better now thanks to a household income of around 90k…
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Mortgage shortfall
Help just received letter from hessonite mortgage saying I owe £14000on house repossed 11.5 years ago is there anything I can do
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Mortgage Charter Problem at Nationwide-?
I have been informed by a Nationwide mortgage advisor that I
am unable to use the provisions of the Mortgage Charter because there is less
than 12 months left to run on my current mortgage term. I have read the Mortgage Charter in full
and it does not mention any such limitation or exception. Please could someone confirm…
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Mortgage with defaults
A well trodden topic I know - but here goes! Wondering on our chances of approval of a mortgage with a High Street lender and therefore a decent rate. Joint application with my wife who has very good credit history/score. I however have 3 defaults, over 5 years old (so dropping off my credit file in around 10 months) all…
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Self Build-do we need building warranty?
we we have recently completed a self build and have applied for a small mortgage (45k on property value 650k) to complete garage and landscaping. We have been told that we cannot get a mortgage without a building warranty. The property has passed building regulations and has all relevant certificates. Is this correct? Is…
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Change of Borrows on Mortgage (95% LTV)
Hi All, I am in a bit of weird scenario and was wondering if anyone had experience. I have a mortgage with Santander and I am in the process of removing someone from the mortgage and adding my partner. Straight forward change of borrower (transfer of equity). Did anyone have any issues during the underwriting stage when…
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Virgin Money - Five Year Fix With Two Year ERC
"Fix and Switch is a five-year fixed rate mortgage with
a difference – its ERC only lasts until the end of year two. After that,
there’s no ERC. This means your customers get five-year protection against
rates going up, but if they go down, they can switch to another deal after two
years." 1.5% ERC in years one and two.
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Barclays mortgage valuations... which company?
Does anyone know what company Barclays use for their property valuations, and whether I (as the customer) would have any say in who goes out? The reason, I'm buying a new build and the developer won't allow Connells on site (because of their reputation to downvalue - which I understand). I've had a mortgage application in…
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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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Are we expecting BOE to remain at 5.25% on 9th May 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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When my mortgage ends what are the banks likely responses?
Partner and I have a joint interest only mortgage with 170k remaining that ends in 7 years. We don't have a formal repayment vehicle and certainly don't earn enough currently to switch to repaying it. Without contacting the bank directly - Lloyds in this case - I wanted to hear from others about what the bank does when the…
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Re-mortgage How Long to Fix For
I a currently in the processing of re-mortgaging to buy my ex out of our shared property. I have been looking at rates and 5 year fixed seems to be the best but with the speculation that interest rates are likely to go down what would others do in the same situation? Fix for 3 at slightly higher or the 5 years?
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fix or tracker for two years
Considering the current climate, what would you guys do? Ive been offered 4.99 fix or 5.79 tracker (0.54 above base) tia
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Mortgage with Defaults
Hi, Probably a topic that has been discussed plenty. Just wondering if any mortgage advisors here could advise how big an impact 1 or any defaults could have on getting a mortgage whilst they remain on your credit file? I'm debating whether to pay off all my debts incurring big interest along the way or to allow them to…
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Is it possible to port offset mortgage to a house bought with cash few months before?
Current house has a very old offset mortgage with little balance remaining and is fully offset with money in linked current account. Is it possible to: - Remortgage it to another offset, ideally interest only and as low deposit as possible. - Put funds released from equity back into offset as savings, effectively paying no…
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Want to overpay but really confused
Will probably need to speak to a mortgage advisor as I'm quite clueless but wanted to get some initial ideas if I'm able to. Have a smallish mortgage on a flat (live in, not buy to let) and come to end of cheap fix in November. I'm hoping to make an overpayment soon to help with the inevitable increase in interest cost.…
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Mortgages and CCJs - Advice needed please
Good morning, We are remortgaging our property and as we have started this with a broker we were rejected by two banks. We always thought we had good credit scores so this came as quite a shock, and then when we used Experian to see our credit history there is a County Court Judgement against my husband. It appears that…
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Barclays overpayment vs part redemption
Hi All, This is just an FYI - I have been chatting to Barclays about over paying my mortgage. Apparently there are two types: overpayment and part redemption. The overpayment is limited to 3x the monthly repayment amount and goes towards reducing the term. The part redemption allows up to 10% of the outstanding balance per…
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Alerts for mortgage rate
I have a deal locked in for a remortgage on the 30th June, but would like to keep an eye on any better deals between now and then. Is there some kind of App, or website that will alert you to decreases of increases between now and then? Thanks for any insight here.
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Mortgage overpayment issues
Me and my wife have been overpaying our mortgage by the allowed 10% for the last 3yrs. We did it in February and in April our Bank bank reduced our monthly repayments by £320 so basically by the end of this financial year we would not have overpaid anything and they have had cash in advance. I asked if weccould continue…