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New Build Mortgage Problem
Hi My wife and I are first time buyers and are hoping to buy a new build that has just been released for sale. The house is due to be completed by October 2007 however a mortgage must be in place by the end of May. My wife is currently working however I will not be working until September. As payments would not start until…
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Remortgage Problem. Self cert/Kensington.
Hi all, I am new to this site and I wonder if anyone can give me any advice. My current mortgage is with kensington. My discount rate ends next month and I go on to standard variable rate for the next 2 years, which is my tie-in period. The rate will be 7.8% which will cost me £754 a month. I have had 4 increases in 12…
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To buy or not to buy?
I am currently renting and thinking about buying a house/flat. I have read the free Mortgage download on this website and it has been very helpful, but as I am/will be a first time buyer am still a little confused and undecided. I don't have much savings and have been advised by my friends that I should consult an…
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The Natwest Mortgage Challenge - calculator
I've just looked into this and it seems a brilliant deal. http://www.natwest.com/microsites/personal/mortgage_challenge/challenge.asp?referrer=LatestDeals
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Mortgage and credit rating
Hi. In the light of the hassle from June - getting "the home information pack", and the subsequent hassle of selling the house, I wonder if it makes sense to do the following. 1. Upgrade the mortgage to the value of the house 2. Return the house to the bank. If it is practical, then you dont need the home information pack,…
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Query re mortgage charges & looking for advice
I switched mortgages last year from Northern Rock to Lloyds TSB. Looking at the NR redemption statement, it says Discharge of Mortgage Fee £250 and early redemption charge £1140. Which of these can I claim for? Just the discharge fee, or both? Any advice much appreciated, thanks.
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Can they get a mortgage?
My friend takes home about £1100 per month. They have no outgoings. Are there lenders out there who will look at afffordability and not earnings multiples to decide whether to lend, possibly on a buy to let basis. They will have a deposit of between 10-20% depending on the purchase price of the property. Any thoughts?
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Portable 25 year fixes
Hello mortgage gurus, I'm not planning on buying just yet, but I'm curious to know what the best 15-25 year fixes available are. I know you don't like to give names, but rates would be interesting. Now the important bit - how portable are these? Can I take them to a new place when I move? Can I only move in certain years?…
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Mortgage Transfer Completion Fee
We recently moved our mortgage from HSBC to Stroud and Swindon Building Society. We managed to get a 5.29% rate. I am now concerned with some of the fees we were charged. Although we were charged no fees by HSBC, the Stroud and Swindon charged us £750 Completion Fee - "this fee is non-fundable and is payable from the…
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Nationwide Mortgage / IMA help
Hey, I went to see an independant mortgage advisor on the 26th March this year and she got me an AIP from the nationwide and also reserved the product. After I found out she charged £300 for her services I decided to look elsewhere and put that 'bad' experience all behind me...I had lost out on the property I was involved…
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Mortgage Fees: cross posted from House Buying Forum
Hi, I've read with interest the current battle that some mortgage payers are having with their lenders regarding exit fees. Homeowners won the right to claim back fees that were not included in the original mortgage contract, but imposed afterwards. I have a slightly different issue, but on the same theme. I have just…
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Secured Loans
Hi, Does anyone know what the procedure is if i have a secured loan on a property and then, say a 2 years later, i want to remortgage the property. Does the secured loan need to be paid off before i can get a remortgage? or will the remortgage company allow the secured loan to stay in place?
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First Time Buyer Question - Affordability
Im sure this question is answered all the time but ive had a quick search and couldnt find the answer. Which lenders now decide the amount you can borrow by affordability?
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shock bad credit score
Hi All bit new to this me and the wife applied jointly for a mortgage with the A&I and were horrified to be refused because of bad credit, checked our credit record on experian and came up with a [1] on my credit card and nothing else Everything else is a [0] my overall credit rating is 789 can anybody tell me how to sort…
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Alliance and Leicester .........give me strength!
I recently remortgaged with the AL basically increasing my mortgage and using the extra to pay off other debts and do some major home improvements. I was with the AL before and tied in for 4 years. After been sat in the branch for 3 hours with every piece of paperwork neceassary and been offered a rate of 5.09 fixed for 5…
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Mortgage help for someone with no clue (best mortgage??)
Can you help me for a pal as i have no clue and i said i would check if there was a better mortgage that anyone could recommend please. Any mortgage advisors? Right she has been offered a 5.14 fixed mortgage for 2 years.The house is worth £145k and the mortgage is for £118k. There is no valuation fee charge and £999 for…
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Mortgage on property to renovate
Hi, Myself and my partner have just had an offer accepted on a property. The purchase price is £122,500, and we will be getting a mortgage for £116,375 (95%). The property is in need of modernising and so I wondered how I go about borrowing the money for this..?? Will I need to increase the mortgage so that it goes over…
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mortgage tables
Hi all I was just reading my key facts documents and there was reference made to this website http://www.fsa.gov.uk/tables it appears that you canb search for mortgage deals here. My question is does anyone know if these tables are all of market ? if so can is it as easy as picking the cheapest one and phoning up the…
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Probably a stupid question re Interest Only
I have been on moneysupermarket.com and moneyfacts looking for quotes for remortgaging. Briefly our endowment mortgage is due to be paid off in approx 2 years - there might be a slight shortfall. DH and I are thinking of remortgaging in order to buy a foreign property as there is a considerable amount of equity in our…
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Right to Buy Council House and Re-Mortgage
Hi, I hope someone can help. My daughter bought her Council House just under two years ago. She was advised at the time by a Mortgage advisor take out a "right to buy" mortgage. This was with the Abbey. She is now looking to re-mortgage because of lower interest rates available elsewhere. The "new" mortgage has been…
