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Split Mortgage?
Hello, I have an interest-only mortgage with the Abbey on my property with an outstanding value of £168,720 which is split as follows:- Loan 1 - £139,576 @ 5.49% variable - tied in until June 2007 Loan 2 - £29,144 @ 7.34% variable - no tie-in. I spoke to Abbey yesterday regarding Loan 2, as the interest is high on this,…
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NEW Mortgage Exit Fees Discussion
This discussion relates to Martin's updated Mortgage Fees Article (see old discussion thread here) To discuss or ask a question about the article: click reply To report your experiences go to the Mortgage Exit Fees successes and failures thread Extra Note - We have had lots of comments about what is and isn't included as a…
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Re-mortgage (To ING or NOT?)
I'm looking to re-mortage and as I'm really not sure what the BR will do in the future I'm happy to go with tracker but I don't really want to pay the crazy fees currently being levied. Should I trust ING's variable tracker mortage currently set at 5.14% (5.3% for comparison) and importantly - no fees. The terms of this…
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Endowment Complaint Letter - Help!
Hi, I followed the link to the Which site, to fill in the blanks and auto generate an Endowment Complaint Letter. There is one thing there though that I'm not sure of. "Name & Address of the company who employed the advisor who sold you the policy" - the guy that advised us was based at the Estate Agent, but I don't know…
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Aip
How does getting an AIP work? Is this done on a credit check alone, or is some supporting documentation needed at this stage, or is documentation required at the application stage alone, once an offer has been accepted on a property? Thanks.
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buy to let to family
Hello, I have a buy to let house i rent to my family at moment. Its under a buy to let mortgage, which is expensive. But when i contacted northern rock they said that due to renting to family i could residential mortgage ? is this correct ? is there anyone else out there with this type of arrangement. I am planning joint…
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FSA Involvement in Residential Mortgages
Does FSA check every Residential Mortgage App? Before Mortgage is taken out? Many Thanks,
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paying off mortgage
We are thinking of paying off our mortgage with an inheritance. It's interest only so has (underperforming) endowments attached - due to mature in a few years. should we keep the endowments going until they mature, or cash them in or what? One endowment is with profits (NU and SL). Can someone advise please? Have already…
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Declined for an Abbey mortgage
My wife and I visited the mortgage brokers last night, and she took us through the options that she thought best for us: Wife: £90k income last year Me: £70k income last year Both IT Consultants on contracts running until June/July 2007 One loan with 12 months to run @ £110 per month £25% deposit available if required on a…
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Endowment.please Somebody Help Me Make A Decision
I am considering cashing in my endowment policy to cover some of the my arrears and debt but I have been given conflicting advice about doing so. Debts and arrears built up due to my ex husbands gambling and I have since been trying to pick up my life with my children but cant seem to manage well. Im on benefits and have…
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GE Money Advise
Just a quick background into the situation. About 6 years ago my dad took out a second mortage i think it was with GE money for around 12k? Anyhow over the last 6 years he's been making the monthly payment as set by GE money. However the loan still seems to be stuck at 12k so it seems the money he pays every month is just…
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Remortgage for extra funds.
Hi, I am looking for help & advice. me & my husband currently live in a house (3bed detatched) curently valved at aprx £180k mortgage outstanding is £97k, we are currently coming up to the end of our 2 year term, we would like to borrow an extra £40k . we have previously used a fiancial advisor who messed us around, but…
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mortgage help first time buyer
looking to get a mortgage of 103000 My salary consists of the following at the moment: 19000 per anumn + 1900 guranteed profit share. my salary will increase by 5.5% in april. Will it be possible for me to get a mortgage for this amount? The property I have in mind is 115000 and I have a 12 grand deposit. Payments won't be…
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mortgage repayment administration fee
I paid my mortgage in June2005 and I was charged £150 Repayment Administration Fee. As far as I can see from my original contract, an exact amount was not stated but a fee would be calculated as a percentage of the amount owing. Do you think that this is a reasonable fee for a mortgage of £28000? I'm not sure whether or…
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BtL Mortgage Exit Fees - query
Hiya :) Just a quick query (to become more informed) but what is the rough average cost (exit fees) of a landlord leaving a 5yr fixed BtL mortgage early? Doesnt have to be precise and I know it depends on the product but are we talking 000's or 0000's? Thanks :)
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Amber House Loans - any views on self-cert mortgage?
Hello, I would be grateful for some advice, please. I am self-employed, have been for a number of years but I only been running my current business for a few months. Before that, I was working part time, fitting my business around my family, but that had to go when my husband and I split up and I am now working full time…
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The One Account - Help Required Please
Hi, This is my first time on the forum, and I am hoping that someone may be able to give me some advice as to the One Account. I am about to re-mortgage (in the next 3 months) and this looks like a really good option. I have phoned them and got all the information - sounds very good, pay off mortgage 13 years early and…
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in a hell of a mess - please help!
Hi Right where do i start? last week i was looking at buy to let options for a studio flat. Basically the flat is £115,000 - and deposit was £17250 (15%) - rental income of around £500-525 a month Anyway....I spoke to 3 brokers last week and was offered the following mortgage from one: C&G 5.5% £799 Setup - 2 year fixed…
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Ing Direct Mortgage. What's the catch?
I'm looking at remortgaging soon as my fixed rate is coming to an end soon.(great timing hey!!!). I've seen that Ing Direct has one mortgage product which is at 5.14%, which seems at least 0.50% below most fixes (when you take into account the fees), and better than most discounted rates. What's the catch here? How do they…
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First Time Buyer or not
Hi, I was just wondering if anybody could offer me some advice... Last year, I went on a mortgage with my Dad - my Mum worked part time so they couldn't get the mortgage they wanted for the house they wanted to buy even though they could afford the repayments. My name is down on the house, but I don't pay a penny. I'm now…
