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Remortgage Question (completion Date)
MY friend is remortgaging the completion date is 1st of september and her mortgage payments have to be paid before the end of August on her existing mortgage so will she still have to make a payment the day before completion, or will the balance on the redemtion statement that the solicitors have include this. Thankyou
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Always pay your mortgage arrangement fees
When I started my fixed rate mortgage with Halifax 6 months ago, they told me I can either pay the £399 arrangement fees or add them to the mortgage. What they didn't tell me is that, although my fixed rate is 4.59%, these £399 would follow the 6.5% Standard Variable Rate. I just discovered that today (I was surprised that…
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Remortgaging/bankruptcy
I hope I have come to the right board. Basically, 2 years ago my husband and I bought our house. As he was still bankrupt at the time the mortgage we took out was in my name with him being named as a resident of the property so that we could take his salary into account. We have now been notified by the mortgage company…
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Excellent MoneySaving mortgage broker
Hope this is the most appropriate board...just a quick note to extol the virtues of 'keeping it in the family' and using MoneySavers' professional skills where possible. After reading much of his sage advice on this board, I asked MoneySaver AndrewSmith (privately) to see if he could find me a great fixed rate mortgage…
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Want to remortgage to Buy to let and purchase home to live in
Hiya, This is my plan: Remortgage flat paying interest only Current mortgage: £38K Remortgage amount: £100K Property value: £180K Then use equity of 100K- 38K= 62K plus 65K savings as a deposit on new home. The new home will be about £220K, so I would like a repayment mortgage of £ 90K. Bearing in mind that I will be…
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Endowment complaints - is it to late?
Ihave complained several times about mis-selling and have been told i am out of date. They are probably right. Is there any other tac i can take??
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First Time Buyer in London - Any Suggestions?? =o)
Hi all! Tricky situation thats been brewing for a while! Son is first time buyer - just had an offer accepted on an apartment in London (cost £160,000). Income will be £23,000 pa (gross) BUT starting in September so no current income, previously a university student. Parents have a combined income of over £51,000, no…
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Foreign mortgage problems. Any idea?
Hi everybody, I have the following problem My 2 brothers and I have purchased a property in Cyprus. I understand that properties will increase in value significantly through 2007. We initially all placed £10,000 down as a deposit - the property was bought at 98,000 cyp pounds. Due to our Cypriot bank inability to complete…
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Is this possible?
:confused: Not sure if this is true but a colleague has informed me that his Financial Advisor has told him that it is possible to take out a residential mortgage and, as long as it is your primary residence (live there), you can let out rooms without either contravening your mortgage terms or having to swap to a…
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Do you think i can get a mortgage? first time buyer - help!
Hi, I am 21 and am looking to get on the property ladder. Ideally I would like to buy a house with 2-3 bedrooms so I can rent these out to friends while living in it. Basically, I have a deposit of about £50-£60,000 to put in after expenses (i.e. legal fee's etc..) The place I would buy would be anything between…
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Misold endowment and mortgage advice
I took an endowment mortgage in 1985 for £15000 as of now it will meet the £15000,i complained that the seller missold me the policy but royal london said i have no grounds for complaint as the policy is on track.Should i complain again or not?Also i have a mortgage of £31000 but if i pay it off early i have to pay an…
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Fixed Rate or Tracker
I am currently applying for a mortgage with Alliance and Leicester but debating whether to go for the 2 year fixed at 4.89% or the 2 year tracker at 4.69%. I could probably afford an extra £40 a month on the Tracker but I am wary now that interest rates are rising but as I am borrowing just over 100k that is two quarter…
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house deeds - difference between one person or couple ??
Hi guys, Talking to some friends about mortgages etc - they are married but the house deeds are in his name only. Our house is joint between my wife and I. I was just wondering what in practice this actually effects, eg is it a tax issue to have the house in one name only, or does it really mean very little ? Just…
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Question............
Hi everyone! just a quick question, how long do you have to be in your job before lenders will give you a mortgage? best wishes luke;)
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Would i get turned down
Hello all. I recently applied for a £5000 loan with Northern Rock and was turned down (unsure why so I'm waiting on them getting back to me). My credit file with Equifax seems to be 100% fine. My question is if they turned me down for a loan would they likely turn me down for a 125% mortgage?
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quick endowment question...
hi all I'm in the process of looking to sell/cash in my endowment, and I asked the question do i need to inform the mortgage company if i do this. A helpful person answered I may need to... I've checked my policy and only thing I can see that could relate to this is 'assignments' - it says it's not assigned. Have I read…
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Offset tracker vs fully flexible discount?!
Help please! My fixed rate ended this month and through a broker I have been advised the best mortgage for my circumstances is First direct offset as throughout the year I will have £15-20,000 saved for the tax man. However this will reduce back to zero in January and July every year (well almost). So I'm unsure whether…
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Woolwich example: how to lose money by offsetting
The Woolwich gives a nice offset mortgage example: "We've cut years and thousands of pounds off our mortgage. We had an £87,000 repayment mortgage and £7,000 savings. We wanted to be able to get at our savings if we needed to, but use them to our advantage in the meantime. So we took an Offset Mortgage. This means we…
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Endowment Selling confusion!!
I have a number of questions so pls bear with me! I have 2 endowment policies which i am considering cashing in. I will deal with them seperately 1: Standard Life Policy opened in August 1995. Surrender quote 6780.05 2: Norwich Union Policy opened in September 1997: Surrender quote 4293.20 Q1: Both seem horrendously low.…
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Do I have a right to see endowment file?
I am in the process of making a complaint to Standard Life and have used the Which endowment action site letter (very helpful). As in the letter template I asked for a copy of our file to be provided. Standard Life have sent us the usual form to complete but will not provide a copy of our file until they have received the…
