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Applying now, deposit in April..
Hope someone can help me here!! :confused: My husband and I have found a new build we wish to reserve. We've spoken to the mortgage company and verbally they've ok'd things. We'll have approx 60k from sale of other house and 87k from a redundancy payment. However, this payment isn't due until April time. We wish to borrow…
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Endowment Claimsline
My parents are considering using Endowment Claimsline to take action about their missold endowment. Has anyone used this company? I am a but dubious about these kind of firms and wondered what the feeling was about these guys or this process in general. Any advice would be well appreciated.
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Got a compensation offer - advice please
Got my letter today from Winterthur (formerly Colonial Mutual policies), offering compensation for misselling. There are 2 policies, each with a target of £15k. The offer is £4421.52 and leave the endowments running or surrender them for £16024.44 and convert the remainder of the £30k interest only mortgage to repayment.…
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Retention of Monies
My mortgage lender is retaining £2000 pending remedial work being completed once we've moved in. I am just wondering what proof they require to say the work has been complete before they'll release the retained money? Do I have to get another survey done? I'm going with Nationwide BTW
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Daily Interest Vs ISA
I have looked for the answer to this situation in other threads but to no avail... For the past 3 years or so I have been paying off my £60K mortgage via the RBS One Account. As some of you will know this is a 'Daily Interest' account currently running at 6.2% with approx 2.5 years to run and I am currently £23K in credit…
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Arrangment fee suddenly gone up
Hi guys a little stresed I have been waiting over 3 weeks for a motgage offer via broker for first national. I have had to submit on 2 occasions additional evidence of income. I chased it up today and was told by the brokers call centre that the competion fee has gone up from £99 to £599 on Nov 17th. No one ever told us…
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Mortgage Providers Consent to Let
Hi, I am moving abroad and am going to be renting my flat. I called my mortgage provider, the Halifax, to let them know and they arranged an appointment with an advisor who advised me that I would have to move to a new mortgage. As far as I can make out he called it a 'consent to let' mortgage but was otherwise the same as…
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1st mortgage payment rip-off
Dear all I have made a grievous error in judgment and taken out a mortgage through Direct Line. After an application process, which did not go smoothly, I accepted the mortgage offer and received the funds on the 16th November. I noticed that Direct line have debited me for a complete months interest on 1st December for my…
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Paying a lump sum off my mortgage!!
Just wanted to know what would happen if...... I have a mortgage at the moment of £75k, with 17 years left to run. £30k Interest only. £45k Repayment. What would happen if I wanted to pay off £60k cash from my savings I have or do you advise otherwise,
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Interest only vs Repayment calculator with overpayments
Howdy Folks, I've just converted an old perl/cgi script calculator I did a few years back into a javascript version. I've got some free webspace that can't run cgi scripts, hence the conversion. I thought this might be useful to someone. The original script was built 'cos there didn't appear to be any calcs that dealt with…
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Advice needed re: Mortgates & loans
:confused: ADVICE NEEDED At the moment we are paying out about £1000 per month on the mortgage and a loan. We need to cut back on this. It was suggested that we take out a loan to cover the mortgage and the loan and pay them both off but be left with one big loan. I am sceptical about this and would appreciate some advice…
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Advice please for first time buyer
My partner and i are looking to buy a 2 bedroom flat for £125000 With a mortgage of £112500, the monthly repayments will be around £450 interest only for 2 years and we will look to save around £100 each a month to cover repaying the actual loan. We are looking to rent it out for around £500 a month for the first 2 - 5…
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Define equity
can you please define equity ? what are the terms & conditions and restriction ? what are the advantages ? what are the disadvantages ? Cheers
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New execution-only discount mortgage broker
Anybody tried the service these people provide? http://www.mform.co.uk/mform/mform Article here on what it hopes to achieve
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raising finance...is this possible?
I am looking to purchase a property for £1.2m. I am confident that it will value up to £1.4m. I also have equity in other properties available to the tune of £1.2m. Is it possible to purchase this with no additional money, instead using the equity available? while the property is currently being lived in, it requires a…
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1st Time Buyer - Self Employed
Hi, Today I found a flat which I am interested in purchasing. I live in an area where the majority of 1 bed flats start at 150k+, however as this flat is in dire need of repair its on the markey for 110k. The problem I have is twofold - first, I only have a 4k deposit, so would have to look at offers of above 95% LTV so I…
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Is this possible?
Haven't got a clue about finance and mortgages and such things, so I may be asking a stupid question, but here goes. I have a £24,500 mortgage with 2 endowment policies active to pay the mortgage off. One endowment is up in March 2009 and the other is up in November 2009, so less than 3 years left on both of them. The…
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calculator ?
were will i find a caculator to see how much i will save on overpaying my morgage. thanks
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Northern Rock Mortgages when refused
Hi there, I wonder if anyone can help. Me and my partner were refused a mortgage. We requested our credit report and it turns out my credit is terrible due to the fact I was shopping around for a credit card and applied for quite a few (i naively did not realise this would adversly affect my credit). I did not end up…
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Quick Question :)
Hi everybody, Just a quick question Im hoping you can help me with. I have been renting a house with my partner for 2 and a hlaf years and have toyed around with the idea of being grown up and getting a mortgage, however being quite comfortable in our house (and probably a little lazy too!) have not really made any real…
