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Northern Rock Remortgage Breakdown of cost
Hi everyone, We recently remortgaged to Northern Rock and all went fine - I'm just a bit confused about something that NR seem unable to help me with! On the offer document there was a figure for the overall cost of the mortgage and a "what you need to pay in the future" breakdown of the payments. It is a £50320 mortgage…
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Help! Mortgage application crisis - lenders hate postgraduates/guarantor confusion
Please help - am going mad with mortgage lenders currently. I am a postgraduate with a guaranteed bursery until 2009 of 12,000 per annum tax free. I also have a part time job with a local authority of 3600 per annum, again tax free because of my student status. I have an excellent credit record. My only debt is £30 per…
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Mortgage without a salary
Hi My brother wants to buy a property in Spain. He does not receive a salary, but receives dividends from rents on property he owns in England. He can get a mortgage in Spain but needs to put down a large deposit. Would he be able to get a mortgage in England even though he does not receive a salary. Thanks Jackie
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Re-mortage question for £19000 over 10 years.
Hi all new to the site, so please be gentle. Looking to remortage because of closing current deal and have been with the Halifax since the start (15 years). Have £19000 to pay over 10 years(discharge rate of £225). Question, the Halifax say I only have the option of a "Term Tracker" at 1.49% above the BOE base rate which…
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Big jump in swap rates
Swap rates site has finally been updated: http://www.clpuk.com/ The brokers on here are better qualified to point up the implications, but that probably means that fixes are due a small rise in the next month or so...
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Does HSBC offer different rates to current borrowers?
Hi My 3 year fixed rate with HSBC is coming to an end and after a quick look around HSBC doesn't appear to offer competitive fixed rates over 2 or 3 years (even compared to the kind of deals that include costs such as valuation fee, solicitors costs etc). I intend to fix again for 2 or 3 years and was wondering if HSBC or…
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Remortgage Nightmare - any advise?
We are cuurently coming to the end of our 3 year fixed rate with the Halifax - at a rate of 3.89. I have spoken with the Halifax with regards to a new deal but they have only offered me what I believe are extortionate rates. I then started to look elsewhere and until this morning had decided to leave the Halifax after 12…
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Help ! I have almost paid up my mortagage, where do I go from here ?
Would relly appreciate some help, I know it sounds silly but do I have to do anything? like store my documents? would love some tips. Ta, have fun today.
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I'm Confused!!!
Apologies if I'm being really stupid here but yesterday I paid £500 off on my mortgage which was additional to my normal monthly payment. I've just checked my mortgage balance on the internet this morning but the balance has only gone down by £449.80. :confused: I thought the whole of this payment would be used to reduce…
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secton 156 housing act 1998
has anyone ever heard of section 156 of the housing act 1998,its an amendment to do with the deeds of postponement, if so where can i get a copy, i'm trying to get all my facts together to take on my local council, any help would be greatfully recieved.
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Should I Cash In My Endowment
Presently awaiting details of mortgage compensation claim. However I'm now begining to doubt if its worth holding onto my Endowment Policy. The Policy is no longer attributed to the mortgage as we took the decision a few years ago to change to a repayment. The policy is a Legal And General Mortgage Savings Plan The plan…
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hello!!poor credit mortgage holders look here!
After spending the last week looking around the web at my mortgage options...(and i dont have many as i have bad credit) i was wondering what people make of GMAC OR MORTGAGES PLC AS A LENDER, and has anyone here been able to get a mortgage through them even with a bad credit report? By bad credit I mean unsatisfied…
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Getting a Remortgage with only one Wage Help?
Our mortgage deal that was tied in for 1 year has come to an end. So in September was to go from 5.6% to 6.25%, but now the interest rates have also gone up taking it to 6.5%. Our payments will now go from £750 per month to £810 per month. This will be tight as I have also just been made redundant and we will only have one…
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offsets
Hi first post and advice needed! House value 120k. mortgage 60k. joint net income 3.5k per month, inheritance coming soon 80k. No other debts. our fixed rate has ended and we are looking for a new product. we are thinking of opening an offset and deposited 60k of the inheritance against the loan. We could then pay of…
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Any Mortgage Whizz out there?Need help!
Hi all, have just upped my mortgage with Northern Rock Owed-#107,188 Original payment-573.14 Increased to 630 in April 06 Increased to 700 in August 06 Interest until recent changes was 4.99% STILL originally had 107000 in Apr: My years left on the mortage (at the 573.00 rate still had 28yrs 10 months to run) Q- can anyone…
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Selling/surrendering an Endowment
Hello I have a Prudential Unit-Linked Funds Endowment policy (used to be Scottish Amicable) that I no longer need. I have been renting for the last 3.5 years and there is no immediate plans (or financial stability) to purchase in the forseeable future. Thanks to a previous post on this forum I had a look at tep.uk.com…
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Portman Product Changes
From the Portman Building Society: Portman offers reduced rates on two year fixed mortgages 11-Aug-2006 Portman Building Society has re-priced its two-year fixed rate mortgages with new products available from today. The new pricings have come as a result of upward movement in swap rates. The building society will now…
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Norwich & Peterborough Following Suit
From the Norwich & Peterborough Building Society ADVANCED WARNING OF FIXED RATE CHANGES Following the recent change to the Bank of England Base Rate our current range of fixed rate schemes are under review. Changes will most likely be made with effect from 17th August. To secure current rates, on-line applications must be…
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Is an employment contract suitable for applying for a mortgage?
Hi Everyone, Myself and my partner are just finishing our postgraduate degrees. We are both due to start new jobs in the next couple of months and are looking to purchase a house together. I think i'm right in saying that normally when you apply for a mortgage you have to provide them with your last three months payslips.…
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Mis sold claim not upheld - any advice
I did make a complaint to the brokers who sold me the endowment back in 1991. Their response was that on a scale of 1-5 (1 being lowest, 5 Highest) my attitude to risk was a 2. . They go on say that `from the information provided ... there is nothing to indicate that you were either risk adverse or that a repayment…
