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Mortgage Advance Or Remortgage
I am exactly one yr into a 2 yr tracker mortgage with Halifax and can leave at any time without redemption cost. I currently want to take out an additional sum in order to complete home improvements. Halifax state that if accepted, an admin fee of almost £295 was payable and mentioned that any additional sum would run…
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Swap rates nudge up
Looks like 2-5 yr fixes could be going up a bit more in the next few weeks: http://www.clpuk.com/ At least, I think that's what the graph means...
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£300 saving with one phone call
Forgive me if this is stating the obvious but I'm quite new here - and I couldn't find this advice with a search. I noticed that my lender (Woolwich) was offering a slightly lower rate (-.02%)than the one I negotiated less than a year ago when our discount ended. I phoned and they have changed us to the lower rate with no…
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Critical Illness Cover+Mortgage Protection
HI all, Just to let you know I got quoted this week for a package of covers inc Critical illness, mortgage protection.(I wont bore you with what all is included) It worked out in total at a little over £48 a month. (£576 a year). As it was being submitted I asked how much is it to pay off in one lump sum? Cue several…
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Mortgage Possible?
I'm not sure if I'd be able to get a mortgage but want to see what you guys think. I have around £10k on CC's and owe £10k on 2 loans. This is all left over from my student days and the loans are from professional education after my degree. I guess my credit rating is pretty poor due to the amount of money I owe and also…
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Mortgage advice please with debt!
Just had my second interview with my whole of market mortgage advisor and he spoke to Northern Rock before he sent in my application for a mortgage, details are as follows: Gross salary £24,558 Mortgage required £86,500 Property price £92,500 Deposit £6,000 Credit card debt £7,100 Loan per month £145 (ends Sep 07).…
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Help please- mortgage advice for newbie..
Hello, The istuation is this. I live with my (female!) partner. The house we live in belongs to her and she has the mortgage on it. Although legally she is the owner and mortgagee and my name appears no-where,we see ourselves as partners and the house as ours !. The house has an outstanding mortgage of about £12000. We…
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Mortgage Marketing
Hi, The best thing to start this forum is by drawing the picture of marketing in mortgage business. Why is it different from other industries? Simple - because people are coming to brokers for a personal attention and wanting to keep it that way. There are a bunch of top producers selling marketing programs, which are hard…
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help for mum
Hi, i`ll try to keep this short. mum is 75 yrs She bought her council house outright about 20 years ago for £13,000. Few years later she re mortgaged to £30,000 for improvements. She met a boyfriend who paid £15,000 into this re mortgage to help her out with the interest payments. The house is now worth £150,000 Anyway,…
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Swop?
I keep hearing talk of SWOP rates going up. From what I can gather it is to do with the money markets and the rate at which banks can borrow...? If anyone could put me in the picture I would really appreciate it. Thanks.
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What are my chances?
Hiya I've been renting with my husband at £500pcm since I was 16yr6mo and I'm now 20yr4mo, so I make that £23000 down the drain :eek: Never added that up before and it's quite a shock! We both have semi-poor credit, missed payments on my part and missed payments and one settled default on OHs part. No missed payments since…
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Mortgage/Endowment Advice Please
I currently have a Standard Life with profits endowment policy which I have just recently received £2600 compensation for. I have yet to change my mortgage to repayment which I will do in the next few weeks but my question is would it be better for me to surrender my endowment which is currently worth around £5k and pay…
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mortgage DD bounce advice
Please can someone advise me on my position with respect to a fee charged for a bounced direct debit? I pay my mortgage via DD each month but today I did have the fees when they (the Woolwich) tried to take the money so the DD was returned unpaid. The fees are now available but The Woolwich tell me they can't try again and…
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credit score
can having to many un used credit cards really go against you on a credit score when trying to get a mortgage??? we have been turned down for 2 mortgages in the last week. we have no clue why & i'm waiting for a pin code to see on the experian site whiy??? i haven't slept right for days now worrying over why we can't get a…
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High Rise Flat Morgages
Hi.. I'm in the process of buying my council flat (under the 'right to buy' scheme) and was wondering if anyone could offer the names of some morgage lenders. Sounds a bit stupid but I'm having trouble getting hold of a lender because I'm on the 12th floor of a tower block. There must be some out there as I'm sure I'm not…
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Any fee free whole rang brokers who would like to get me a mortgage?
Hi - well we would like a mortgage for £120,000 please I earn £5986 part-time but will be full-time next year when son goes to school Partner earns £26800 plus £2000 a year in guaranteed bonuses We have currently a mortgage of £80,000, house worth £165,000 but have debts and a current extension being built so we would like…
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Loft Coversion needed ....equity question?
Hi there i live in a 2 bed terraced house and am having my second child in November.I have been self employed for a year and cannot afford to move house and so think the cheapest way of getting a third bedroom is upwards! Im confused about what to do and thought i would ask here before i make an idiot of myself in front of…
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Victim of Identity Theft and bad credit rating
Hi not sure if any one else has been in this position when trying to arrange a mortgage. Last year I was the victim of identity theft and fraud. I had a number of mobile phone accounts setup. In this day and age with computers I would have thought to set up 3 accounts with 1 company on 1 week would attract some attention.…
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Loan or Mortgage?
Looking to buy first home overseas to rent out. Money needed only £25K. Plan to pay this off in less than 3 years - and require the flexibility to pay it off earlier. Would it be better to get a loan or mortgage? [Planning to also purchase UK property end of year/early next year with UK mortgage] Advice appreciated.
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Apr's
I am comparing what the best mortgage rate is. Can anyone tell me why the mortgage rates quoted are for example 5.29% yet the rate for comparison is 5.6%? What do i go by?
