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Higher Lending Charge
Hi, I'm just going through a re-mortgage (with a little equity release at the same time); and in order to take advantage of the best rates available i've gone for a maximum 75% LTV product; borrowing the maximum amount possible based on my own conservative (I thought) estimated valuation as provided on the application…
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Mortgage Problems - Bad Credit History?
Hi - 1st timer poster so please be gentle. At the moment I'm in the process of looking for a new house and have saw one that me & my partner are going to put an offer in for but due to my bad credit history and a pile of debt (25K - not secured) (not sure about my partner - she's not on high income) I'm not sure if I would…
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£30k mortgage... where to take it ?
we're down to £30 and, because Co-op !!!!ed up with our move from Barclays, we're stuck in a repayment mortgage with no discounts. basically, we wanted to move the mortgage from Barclays to Coop as the 2year reduced rate was coming to an end, and Coop offered a better rate. the deadline came and went and Coop still hadn't…
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Why are some endowments so much worse than others?
Hi everyone. I read these boards all the time, and I am aghast at the way different policies perform! As most of you are already aware, my policy is currently showing a £31k shortfall whereas others are showing surpluses! I understand that they are all with different companies but are these companies not monitored in any…
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Mortgage Co.-carried On Renting My House For 8 Years Before Repossession
Sorted Now..................................
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new interest rates
Afternoon all,:o I've just had my new interest rate letter from the mortgage people ( aren't they lovely )... Is 6.35% a good deal. Interest only until September 2007. Chatting to friends they have said that this isn't bad. I always thought it is pretty high.. Had interest only to get us on the right track although we had…
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remortgage or loan ?
Hi what would be better a remorgage or loan what i am thinking loan first to new bathroom kitchen etc then remortgage for house value with gmac no penaties intrest only but want to go back to full some arrears and a dmp dcm apex ? getting in a better finacial postion but dont want my parners income on it for one year.
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ReMortgage Help Please
Hi all, I need some advice please about remortgaging - with the letter which came yesterday about the rate rise the alarm bells are starting to ring, another £20 a month is something I could do without. I am under a DMP myself - self agreed with my 3 creditiors and Ive got 1 CCJ. Has anyone got any good recommendations for…
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Remortgage
Hi all Our current fixed rate is due to end at the end of Jan 2007. So like the money saver I have become (thanks Martin and this site) I am trying to sort this myself and get a new good deal. So where do I start? I have looked at the remortgage guide and sent off my details to the L&C. We have an outstanding mortgage of…
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Stamp Duty
I am about to participate in a home exchange. I am going to give my house and £210k (mortgage) for another house which is £430k. Is there a way of reducing my stamp duty on the £430k? Say sell my house effectively for £40k and buy the other house for £250k, thus saving £10k duty. Is this legal? Would the mortgage companies…
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Excel Overpayment Calculator
Some time ago (probuably three months or so ago) there was a link posted here to a downloadable Excel spreadsheet which was basically ani advanced mortgage overpayment calculator. I have been searching for ages but can no longer find it - does anyone know where I can get my hand on a copy? Thanks in advance!!
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early redemption fee's
Having had no deposit or books we were advised to go to a non high street lender. We have been paying £725 per month (6.73%) to service a £130000 morgage interest only. We went to a high street lender & was accepted for a morgage with a good rate of interest. However we the went back to our existing provider who say they…
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Pre FSA Endowment rules with Standard Life
On the 12th April 1988 I started an endowment policy with Standard Life for £51k over 25 years. It was sold to me by an advisor (Peter Rainbow Associates) who were later to become part of Countrywide Principal Services. As I feel the policy was missold I wrote to Countrywide who replied stating they will not look into it…
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shared ownership on a mortgage advice please
hi there,just looking for a little advice. im looking at getting a mortgage with 2 of my friends,all aged between 22 and 24.we all earn roughly 15k each per year. my dad has offered to come on the mortgage with us,but obviously wont be living with us,so it will still be just us 3 in the house,but with the mortgage being…
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Mortgage and loan getting ontop of me
First off thanks to everyone as ive got my credit card bill from £2.5k down to £500 in the last 18 months. At the moment im on an interest only mortgage of £85k this wasnt a great deal as it was a 100% mortgage. My current interest rate is 6.15%. I also have an 8k car loan - £160 a month. I dont have any savings at all but…
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Hopefully simple Q's, most likely complicated answers.
Question 1, can I live in my house, that has a Buy to Let Mortgage??? I have been told I can, but looking at some of the terms on them it says I can't rent to Family, but no mention of me... Question 2, What is involved in removing one name from a Mortgage and someone elses being put on? Key interest is costs and if they…
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repayment to interest only
I've just changed my repayment mortgage to interest only because I was struggling financially. This is not permanent solution. It is only for a few months till I get back on track with my finances then I will switch back to repayments. Have I done the right thing or was it stupid?!
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HELP !!!! **Re-mortgage**
I have had my mortgage with Barclays for 10 years. I have 15 years left on my mortgage. I had an endownment mortgage which I changed 2 1/2 years ago to a repayment mortgage. I only have £47,000 left to pay on mortgage, and I have been shopping around for a new mortgage, as Barclays is offering me a fixed rate for 2 or 5…
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3 or 5 year fixed rate?
We are just looking to remortgage our house, we will be doubling the existing mortgage as we are paying off a loan and building a large extension. We only have 17 years remaining on our existing mortgage but will be taking the new one over 25 years. (Only 35 so still paid off by 60) We have been offered some competative…
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100% mortage
We have been given notice for the house we are renting and would like to buy a home. We both have a job however we don't have enough saved for a deposit. Does anyone have experience with taking up a mortage with no down payment? Which institutions would you recommend? Many Thanks
