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Mortgage Lenders on "Non-traditional build" properties
My partner has a mortgage with the Halifax, which he is wanting to move when his fixed rate ends at the end of this year. As he lives in what is termed a "non-traditional build" house, not all lenders are willing to offer mortgages. His house is of "Swedish timber construction" and was built around 1995. Does anyone know…
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But to let
I am having problems re-mortagaging my buy to let. I have rented my flat out to a Housing Association which is great as I always get my rental income. The problem is that I have entered into 4 year lease with the Housing Association and although they issue shorthold tenancy agreements it is between the tenant and them.…
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Is Anyone Lending To Benefit Recipients?
I am trying to get a lower mortgage rate than 6.39% . I have been knocked back by at least five high street building societies/banks on the grounds that I'm on Income Support. I have £27,000 remaining to be paid over 13 years of a 25 year mortgage. Every month I repay the capital and part of the interest myself, and the…
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Mini cash ISA linked to offset
Anyone know which companies do this or where I can find an easy to search table? Ta
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Reclaiming valuation fee?
A work colleague is up in arms because a remortgage fell through. The first lender proposed by her broker asked for all kinds of documentation (she is doing a self-certification mortgage!) and then, apparently satisfied with this, proceeded with a valuation for which they charged her over £300. This was apparently also…
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mortgage
i'm finding it hard to keep up with my mortgage payments and wondered if there are any other mortgage products that can dramatically reduce my monthly payments.I have a fixed rate repayment mortgage that has 14 years left.Is part ownership an option?or are there any other ways Please help. Pete :confused:
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Time limit for responding to complaint?
I am new to this forum so I apologise if this subject has already been covered but can anyone tell me if companies are governed by any time limits when dealing with a complaint of endowment miss-selling? In February I submitted my complaint to the company that sold me my endowment policy and they initially wrote back in…
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Is compensation offer an easy cop out
My complaint that a £30,000 endowment policy was 'unsuitable for me' has been upheld by the society that sold it. The society arranged for the calculation of possible compensation by an independant company. A compensation figure of £4192 has been reached and is based on the date that 'I initially accepted the society's…
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Northern Rock -fees -can I get them back?
Arranged a mortgage with NR -paid £295 fees - the sale of property has fallen through. Can I get some of the fee back? Or I am out of pocket?
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Repaying mortgage vs savings
Hi, Am in the lucky position me and my girlfriend have finally brought a house together after saving a decent deposit. we have a mortgage with Abbey that is fixed for 2 years at the moment we are in a good position to overpay the mortgage, however I will out line out situation we are luckily both on good money for the…
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Ftb ... Btl!!!
Is a first time buyer mortgage obligatorily for owner occupation only? Someone asked me the question the other day and I had no idea of the answer. They are living quite happily with their parents and have no intention of changing... but they want to buy a property for investment purposes and have never bought before.
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Giraffe Mortgages?? Fixed rate
I'm a first time buyer along with my partner, we are purchasing for £142,500, requiring a mortgage for £120,000. I have seen a fixed rate of 4.5% until 30/11/09; £349 fee. This to me sounds really good..?? You can leave them after the fixed period for a charge of £195 Has anyone had a mortgage with this commpany before? I…
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Is a 52 year mortgage such a bad idea
Saw an article in the times about how much more expensive a 52 year mortgage is than a 25 year. It made me wonder if the argument was valid. They just compared the total amounts paid which of course made the 25 year look a lot better. What they missed was that the buying power of the money paid in the 52nd year would be…
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Redemption Penalty - Are They Legal???
With all the talk of Bank Charges being unfair (I know because I've just got a cheque from Nationwide for £948), because they are a penalty, does this mean the same for a redemption penalty on your fixed mortgage? Does it really cost the mortgage company £5000-6000 to get paid back?? Anyone know as I want to sell my house…
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Mathematician required
We have had to remortgage and to put it in round figures, we are borrowing £60,000 at 4.98% Fixed rate for 10 years. Just got it fixed this week. We are allowed to repay up to 5% without incurring any penalties Can someone do a short table for me to show how the sums work out over the 10 years if we regularly make a 5%…
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Property in France
I am looking to purchase a property in France. I was looking at going via a UK based bank if possible for the mortgage. Has anyone done this before? Any suggestions on banks? Any brokers point me in the right direction Thanks
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Julie's commercial / fee question
Julie posted , this but likely got overlooked as on a long thread... any answers ? http://forums.moneysavingexpert.com/showthread.html?t=183138&page=7 Hello to everyone, i am a complete newbie to all this so please be gentle with me.(not even sure if i am in the right place) phew!!!!! here we go. On the 10th August i…
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Mortgage / Debt / Further Advance advice needed
We currently have a professional mortgage with Scottish Widows. This allows you to borrow up to 100% LTV as we are both tecahers in secure jobs with a gross income of approx £66k Our house is worth approx £230000 (subject to valuation) Here's the problem I face. We applied for a Further Advance in March this year and I put…
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mortgage advice please
can anyone help me please? Husband is almost at retirement (65 next year) I am 51 however having to pay mortgage on my wages only and his IB as he has had cancer and chemo. Things been tough. Basically, can anyone advise me how I can make life easier? B Soc been ok so far however, really am struggling - have 10 years left…
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Should I cash in my endowment?
I'm moving fairly soon (fingers crossed) and if it all goes smoothly I will pay of a chunk of debt (downsizing, but still to a lovely house with plenty of room) and will be left with the following: Mortage: £160,000 (we're putting in £18K equity) fixed for 2 years Unsecured Loan: was £20,000, now around £15,500; £304 per…
