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Mortgage Reservation Fees
It has come to that time again when I need to remortgage to get a better deal - my current deal runs out mid-January. We are currently with the Nationwide and they do seem to have a couple of good deals - 4.75% 2 year tracker or 4.95% 2 year fixed. My question though is that there seems to be a £349 reservation fee. This…
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which is the better option?
Hi all, My partner and I are just about to apply for a mortgage to buy out my ex-husband of the house I currently live in. The house is valued at £165000 and we have agreed to buy it for £93000 (plus an additional payment of £15000 when we sell the house). My ex has already had a £32k remortgage, so this makes it about a…
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Should I sign a term of business for FPD Savills
Hello all I am literally a first time user of this site, but it is great. I have taken the advice given and contacted the 4 mortgage brokers suggested. FPD Savills has sent me a Terms of Business aggreement to sign. Though they seem good from phone conversations, if I sign this I want to make sure I am not going to be…
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Remortgage dilema
I am thinking of changing my mortgage from Virgin One. At present the interest rate is 5.85%, and my loan is 291,000. Do I opt for a discount, fixed or tracker type mortgage? Any advice welcome. ???
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Best way to finance a house build?
Hi, can you give me some advice please on how to finance a house build based on the following facts? In-laws own a house with large side garden. They have permission for 2 bed end of terrace house. Objective is to build the house, they move in, sell their existing house and have no mortgage. They have a £30,000 interest…
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should i convert to B2L?
Some expert advice please! My wife owns a flat worth £250k with a mortgage for £145000. She bought this before we married and it is in her name. We rent it out to students at £1100pcm and have done for c.2yrs. The mortgage remains with Halifax at SVR under her maiden name and unchanged from when she lived there. Halifax…
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New rules for self-certification
I have hit a problem in that the new rules came in as I was about to change my mortgage and borrow more to build an extension. Now I am limited to 3.5 x earnings whereas a week ago I PROCLAIMED MY ABILITY TO PAY, the difference between what I pay now and the new payment would only be £40 per mth. Is there any way around…
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My current mortgage offer - good deal?
Hi, I would be ever so grateful for your opinion. I have received a mortgage offer and benig confused with everything on the market and all these jargons etc – I am wondering whether you can please tell me whether this is a good deal or can I do better elsewhere (if so where and with whom?):- Mortgage with Northern Rock:-…
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Putting off mortgage payment
Can anyone give me any advise on whether or not to postpone payments on my mortgage over the next 2-3 months, with Christmas and new arrival just before coming.
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Two barns to convert - mortgage help urgent
Help! My husband and I are relocating and desperate to buy this property with 5 acres of land and a stable block and barn for £300k. Both the stable block AND the barn have outline planning permission. There is no house on the land. There are several offers on this property and we want to put down a deposit to secure it.…
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Help with my Northern Rock Mortgage
Hi, I am about to accept a job offer in australia on a 457 business long stay visa. I have a complicated mortgage with Northern Rock in that it is made up of a 67k mortgage and a 20k loan (I think I took some bad advise from a finance guy when buying my house) in total it is for 87k and the house is now probably worth…
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remorgage/ccj
im glad i found this site,reluctant to seek(genuine) advice on the high st.i have an endowment morgage,although unbeknown to the lender i stopped paying the insurance endowment afew years ago.i have a ccj (water bill) on my credit file.im reluctant to contact my lender to change type of morgage, because of the endowment…
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URGENT: Shared Ownership
I'm going to view a property tomorrow which is owned by a housing association. The property is £140,000. I will be taking a share of 25% @ £35,000. I then pay subsidised rent on the remaining share. I will have to take out a mortgage for £35000. Do you have to put a deposit down on Shared Ownership properties and if you…
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Who is my complaint with ? endownment
I took out a mortgage with the Bank of Scotland in 1989. At that time I was advised to take out an endownment mortgage, however they only dealt with Standard Life. I have received notification that my policy will have a shortfall. Having read the advice on complaining, I believe I have grounds to complain, however the…
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Remortgage Virgin seeks help !
I am shortly coming to the end of a 3 year 5.49% capped deal with the Yorkshire Building Society. My current monthly payments are £563.41 and my outstanding loan is £69,267 approx, of which £35,000 is endowment linked. I have received their notification letter telling me I will be moving on to a variable rate of 6.60% >:(…
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I have major credit problems from 6 years ago
I have never owned a home. Due to back to back serious illness in my family i became overloaded and couldnt pay my bills. Things are stable for the last 6 years now. I have payed cash for everything to avoid the shame of the way it looked on paper. my income is very good. I want to buy a home for my family. My credit is…
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Paying a bit extra each month? Good or bad idea?
I just enquired at The Halifax, how much money I'd save if I started paying an extra £10 or £20 a month off my mortgage. I only have 3 years and 5 months left BTW. I was quoted figures which after getting my calculator out appear to mean I would not save any money at all. I have a part endowment, part repayment mortgage…
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best way to cash in endowments
hi y first post so go easy on me, i appologise if this has been covered before but.... i have just seperated with my wife and my house is sold and now we are looking into cashing in our 2 endowments, 1 is with prudential (initially with scot amicable) and has been running for 8 year paying £62 per month, the other axa eq &…
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Remortgaging, calculation help
Fixed rate ends soon 30th Nov, l've left this a bit late but l am now frantically trying to find the best deal. I am with C+G and their SVR = 6.75% Mortgage is £36K There are no redemption payments after the 30th. Cost to move to another C+G product = £199 Cost to leave C+G = £180 C+G offers: Tracker 0.89% above BBR until…
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2 mortgage products on 1 property
I've got an existing mortgage and am moving home. As I am tied into my existing mortgage, they said I can take out another product for the increased amount. Is this common? Regards
