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New Mortgage Payments - help, we're behind already!!!
Hi, don't know whether I'm on the right board for this, but I desperately need some advice. We've recently moved our mortgage to a new company and it completed in mid-July. We did this through a broker, who notified us in writing and told us to expect completion paperwork from the new lender. We have never received…
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Shared ownership nightmare....
:confused: Currently, I own 40% in a shared ownership property that was worth £152k 2 years ago. I pay around £320 per month in rent and £360 per month for mortgage. The rent in this property has increased substantially over the past 2 years and so I wish to purchase more shares to try and decrease this rent. Also, as my…
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Any Advice as to which mortgage? (please!)
we have a lengthy mortgage (still have 20years) of 106,000 with northern rock. Stupidly we took a loan with 1st plus but have now added that to our 60000 mortgage. Just wondering if its worth trying to change our lender or not? We initiall paid 570ish then upped it to pay 630 per month in april, now this month have…
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Endowment Complaint Out of Time?
Although I have received ‘Risk of Shortfall’ letters from my endowment providers, I haven’t done anything in the way of cashing in my policies or changing my mortgage to another payment method. Nor have I complained about misselling because I was of the opinion that in the next 15 years to policy maturity, performance…
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Endowment complaint rejected, what next
I have two endowments which were taken out with R&SA, now Phoenix. The 1990 one has been upheld with an offer of £3300. But we took another in 1997 which has been rejected. I am more cross about being sold the 1997 one to be honest, endowments had received some bad press and we told the advisor that we were not sure that…
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selling a managed funds endowment
Thanks to Martin we've received just over £2500 compensation from the Yorkshire Building Society for miss selling a scottish provident endowment, i have 2 endowments which i am looking at surrendering/selling, the other endowment (legal & general) is managed funds, does anyone know who buys them?
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FTB...Instructed IFA..now what?
Hi I am first time buyer. I have approached an IFA to work on my behalf, but someone mentioned that I should also check places my IFA won't....i.e. those who don't belong to any panel of lenders - they do direct mortgages only. Does anyone know who these direct mortgage companies are? I have found out that Egg and HSBC are…
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adverse credit
I have a single default from 4 years ago which has been repaid in full, is this likely to prevent me from getting most mainstream mortages, given that I only need a mortage for 10% of the value, the rest is in cash?
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100% Mortgages
Hi, I think I have asked this before.....anyhow.... If you are a graduate, 22, on a salary of £30,000 and want a 100% MTG with the best possible maximum lending....... Is it better to have a monthly loan payment of £350 as an exisiting commitment OR a £150 monthly loan commitment and a £7000 Credit Card Balance (I am just…
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how long does remortgage take? having nightmare
how long does remortgage process take??? I have been accepted, all documents have been returned, just awaiting a redemption figure to be sent by Northern Rock to Direct line solictors. Solictors say they sent request weeks ago and chased it up last Friday, rang NR they have not received it they said. Anyone similar…
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buy to let self cert
Hi does anyone know the companies out there that will accept self cert with no check ups etc as I have no proof of income as I am only just starting up s/e also an advisor told me that the interest rates were probably going to go up around 3 percent in the next year , scare mongering or fact? Cheers for any advice
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Mortgage offer
Havibg recently decided to buy a flat i sorted out my mortgage with a broker 6 weeks ago. I have now had a phone call saying that they are reducing what they originally offered me due to the building having a 'flat roof' and it's still not deffo confirmed that they'll lend me the money. The situation now is that i have to…
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Chelsea Building Society withdraws all fixed rates as of today
With immediate effect the Society will be withdrawing all of the current Fixed Rate Mortgages. We will continue to accept applications until the close of business on Thursday 17 August 2006. The Society will be launching the following Fixed Rates with effect from 18 August 2006:* 5.04% 2 Year Fixed Rate until 30 November…
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Mortgage for FTB on £16k?
This is a question on behalf of a friend who doesn’t have internet access. He is currently renting a 1 bedroom flat that has recently been put on the market and soon he will have to vacate the property. So he’s desperately looking for an affordable property to buy, unfortunately he is having trouble getting a mortgage…
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interest only, confused
Ignore my previous post, i rang the company and got the answers i needed. But now i have some more q's. So as FTBS we went for an interest only of £82000. Our bank advised us to do it this way for 5 yrs as then my loan is paid off and we have extra money to put towards the mortgage and then switch to repayment. We thought…
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Better deal than the Nationwide 2yr fixed?
Currently looking at the Nationwide 2 year fixed rate @ 5.18% with £399 fee's added to the mortgage. Can anyone point me in the direction of a better deal? Tried HSBC, Alliance & Leicester, Leeds Building Society and a few others but all of them which are supposedly fee free still require a payment of £200 odd which me and…
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outset of loan??? quick replies needed
My bf and i are FTB, applied etc and we got a letter last week saying they needed info of a repayment vehicle as we went for interest only. I sent a letter back saying after the initial 5 years fixed rate we planned to switch to repayment. Well now i have got another letter saying. A repayment vehicle is required to be in…
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Payment Holidays?
I am not sure if this is the correct forum for this, if not, can someone direct my to it please? I have an HSBC Bank Plc mortgage. In February I went into hospital for a minor operation on my knee and should have been off work for about 3 or 4 weeks. Unfortunately, the operation was not a success and I was unable to return…
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Mortgage Genie and Nationwide
I've recently remortgaged using Mortgage Genie, having read Martin's article, and thought there may be others who would be interested in how it went. My 2 year tracker discount with Yorkshire BS came to an end in June. I had thought through very carefully which new mortgage we wanted and, without going into all the…
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Getting enough mortgage!
We are in the process of selling our house and would like to know the maximum possible mortgage we can get considering our circumstances. Ideally i would like to raise 180,000, as we have seen a renovation project we're interested in. My basic wage is £23,000, with projected annual earnings of 32,000 including overtime…
