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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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When to get a mortgage?
I want to buy a house this year and have been told that the interest rates will go down soon so I am happy to wait. However I checked the Bank of England interest rates and noticed that it is a lot higher right now than it was last year or the year before. Does this not mean that it is literally the worst time to borrow?…
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Pay off mortgage
My fixed rate mortgage expires in a few weeks. The balance before i started making recent overpayments was about £30K. i have six current accounts because I use to take advantage of deals e.g. £100 cash back to open an account or to switch accounts. I made three overpayments in one day (about £7K in total) recently. I…
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Overpay with inheritence
Sadly I have come into an inheritance and want to make it go as far as possible and help my family as much as possible. I plan to max out an isa. my current mortgage deal is 1.94% for another 2 and half years fixed. The amount is £344,000. i can overpay 10% without penalty and feel I should do this but am I better waiting…
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Selling the house that I bought with my ex, is she entitled to 50% equity?
Hi, I'm looking for advice on my situation, I have not yet contacted a solicitor about this and hope to find someone who has been in a similar situation who could advise me on how to approach this. I bought a house with my ex partner (not married but do have a 3 year old child with) in September 2022. Around a month after…
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Which mortgage to go for? 2 year or 5 year
Any advice on which to pick?
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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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Melton Mowbray Credit Assist
Hi does anyone out there know if Melton Mowbray allow PDL’s on their credit assist products? My broker is talking of looking at them. I can see on their normal products it says any evidence of PDL’s will lead to a decline but I can’t work out if that is all products or excludes the credit assist products I know you’ll say…
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Borrow more than purchase price
Long story short - agreed to buy family house for 40k (it is worth 120k) but it needs a lot of work. I’m a FTB. I asked the mortgage advisor if I can get a mortgage to do this and he advised I cannot mortgage and remortgage at the same time, which is effectively what I’m trying to do. I can however take out a mortgage for…
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Earnings multiplier for mortgage
Which high st lender is the most generous with earnings multiplier for mortgage? Combined earnings around £80k with 80k deposit. HSBC seems slightly better than NatWest but any suggestions? Both jobs salaried and in role over a year no adverse credit etc
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Credit card use.
Hi. I pay off my credit card each month and it always shows a 0 balance on my credit report. Is a lender able to tell that I am using it if my balance always shows as 0 onmy credit report? Thank you.
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Mortgage application rejected.
Good morning. Can anyone offer me some information, insight or advice on the following dilemma please. I am a 61-year-old, single first-time buyer, using the Mortgage Advice Bureau (MAB). I have no equity and a small deposit of 10%. I put in an offer on a retirement property, paid the application fee and paid the first…
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Mortgage Arrears/ Reposession Help
Hi, i am a resident in scotland and i am currently at the end of my mortgage. I still need to pay a substantial lump sum at the end of my agreement. Due to my health and age the bank have been referring my case for 6 months at a time as i continue to make a monthly payment. I have been approached by the banks legal…
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Is letter of consent and postponement a standard ?
hi All Just trying to remorgage the house with first direct and they need the letter of consent and postponement from my wife. The mortgage is in my name as i wonder if this is a standard procedure for all banks to require this or not? It is rather strongly worded which got me worried if she really has to sign it. Regards
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Mortgage for over 60 in home with no building regs certificate?
My husband and I have been living in our home since the 1990s. The house was built in 1986. The house has no building regs certificate from when it was originally built and is slightly larger then the original planning permission allowed. Our mortgage lender was happy to lend to us as the previous owner had a mortgage. Our…
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What counts as PDL to lenders
Hi folks Applying for a mortgage with Skipton, who don’t take anyone with a Payday Loan in the last two years. But a lot of back and forth online as to what classes as a PDL to lenders - products like Drafty, Finio, Pave etc… Any informed thoughts/experiences welcome.
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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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Are companies like L&C or Habito good for adverse credit applications
As per the title. We are in a better financial state than a year ago and would like to find out if we could remortgage or move now. Do companies on the MSE Broker list like L&C work ok with adverse credit applications?
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Does portaging save you money?
Hello all, I’m soon coming off my fixed rate (next 5 months) and have some questions about looking for a new provider. Should I stick with my existing mortgage and fix it for another 2 years, or does remortgaging actually save you money considering that interest is front-loaded over the principle in the earlier term of the…
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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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Have I been mis sold my mortgage?
Newbie here so please bare with me...I bought a small property next to a care home and belonging to it that I was MD of in 2002 and got plans to extend it. I got a 110k mortgage from Barclays to start the work in 2005 then in 2006 got my full mortgage of 300k. At this time Barclays valued my completed property at 650k.…