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How realistic are house valuations?
Hi, I have just had my property valued with 3 different EA's. The average price that the property was valued at was £155,000. I was plesently surprised by this as I bought the property 10 months ago at £134,500! What I would like to know is, how exact are EA's valuations, as one of them even suggested that the property…
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Not remortgaged for 5 years is it time to go
Hope you will be able to help me we have a small mortgage and I really want to find out if I can get a better deal. I have tried to do the offset calculations but not sure if I am doing it right. Current Mortgage: Woolwhich offset trace BOE Base rate + 0.75 = 6% £47,000 paying £1000 a month Savings Offset about £7000 Wages…
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first mortgage
My son gets about 17K take home. he would like to get on the housing ladder but has no savings ( spent all on his year out!) It's so long ago that I had a mortgage I know zilch. 2 bedroom properties in this area are about 160K. any ideas how he could do it please?
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100% mortgages??
hi logging this thread for a friend as she doesn't have Internet. They are looking buy a property via a family member being offered it for £138,000, but its worth at least £10,000. They are first time buyers and have combined income of £28,000. Need a 100% mortgages. Can anyone help or give advice Thanks
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Help required - Mortgage missed payments/credit history
Hi, Hoping someone can point me in the right direction, give me advice. Myself & the g/f have had a mortgage with the A&L for the last 4 years with no missed payments out of my account (we each have seperate accounts). We sent a letter to the A&L changing our details to a different joint account instead of a seperate…
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Annoyed
First National is our only option for getting a mortgage (yes, been to broker, and yes it is the only option) and we got a MIP on the 19th Feb. OH called them in the afternoon of 19th, and they advised us they were putting their prices up on 6th March. The next day we check the First National website and they had already…
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Possibility of haggling over existing tracker rate?
I'm currently on a + .49% tracker with HSBC, without any leaving/early repayment charges. I've recently noticed that there are currently Building Socs offering trackers with spreads as tight as + .04% and + .08%, whose initial fees would be recouped by the interest savings in under a year if I were to switch. Given that…
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Annoyed at mortgage arrangement fees, is it a rip off?
Is there anyone out there who is also annoyed at the fees charged when applying for a mortgage? Recently I was looking to remortgage as our current fixed rate deal was coming to an end. On looking at the offers around for another fixed rate, the majority require some kind of booking fee ranging from £300 to over a £1000.…
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Mortgage Hell !!! - Advice Required
My friend and I have recently started looking at purchasing a house. But trying to get a mortgage has been the nightmare or our lives and I just wanted to sound a few people out and get your thoughts. We both have enough income to be able to purchase the house. We did an application through one of the brokers and with…
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Endowment...advice sought.
First off, I'm not seeking to claim mis-selling. I've looked at the information on that. I do remember the financial advisor telling me that the policy might not cover the mortgage. In passing, but mentioned. 99% "You'll probably get some cash over" and 1% "there's a possibility of a shortfall", but it was mentioned. I…
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Low Start Mortgage
Has anyone had a similar experience, or know of a specialist who can advise: I took out a low start interest-only mortgage, in 1989, which provided low interest costs for a 3 years at the start of the mortgage and after, a high rate for a few years until the rate lowered to the normal base rate. Unfortunately, during the…
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Overpaying- Yes or No...?
Hi, I'm a newbie so :wave: I am coming to the end of my first year of a 109k mortgage and wonder if should make the most of my over payment allowance (~£6k). Is overpayment a 'Yes yes yes' or a 'well it depends'? I can afford to contribute about 5k from savings, leaving me enough for spare. Maybe Im better saving for a…
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FTB: Mortgage Advice
Looking for a bit of advice on the likely hood of getting a mortgage on possible flat purchase. The details i think you might need are: Current base salary: £21,460 + annual bonus (no idea what this will be but likely to be 10%+ I am a trainee/graduate accountant with a big4 firm, been in the job 6 months. My salary will…
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High Exit Charges - Do I qualify for a refund?
I took a 3 year discounted mortgage with the Scarborough in September 1997. Penalties applied for repayment in the first 5 years, but I paid my mortgage for the first 5 years and then changed to another lender (First Direct). At the time FD were surprised at the exit charges applied by the Scarborough - suggesting I should…
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mortgage advice for someone who knows nothing!
My partner and I would like to buy a house sometime in the near future. we should have a good deposit of at least 5% I've been working part-time for the same company for 5 years and my partner who earns more as he is full-time started a new job on the 12th feb. what do we need to take into account when purchaseing a home.…
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Overpayments
Hello everybody, I would like to establish possible long term scenarios that will enable me to repay my mortgage in full by the time I retire. I know that I can use overpayments to achieve this, and I particularly want to make sure that I do not miss out on the opportunity of doing something now that will make my life…
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Mortgage/Valuation advice please!
Hi all, I'll apologise now because this might be quite long winded!! So Sorry!!!! Quick summery: We live in a council rented flat, which with only two bedrooms is too small for 5 of us. We have looked into buying, but with a combined income of only £12k & £20,000 debt, buying is not a very practical idea. (there is a…
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Offset Account or what?
I'd like to know whether i'm missing something obvious here. Our 2yr fixed fee mortgage (4.59%) is up shortly and we're looking at what the next step should be. My natural inclination would be to take another competitive fixed fee mortgage however. We have recently been given £100k as pre-inheratence which has thrown us…
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Endowment Mortgages
:confused: My endowment mortgage is about to mature. I understand some companies will buy at a preferential rate. Can you enlighten me?
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Early Redemption charge
I am going to complain about the following, any thoughts. I signed up with A&L for a 2 year tied mortgage just over a year ago through the mortgage brokers London & Country. a year into the deal I decided to move house. we went through L&C again and they advised that we "port" our current mortgage and extend it to what we…
