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Mortgage Help
I have a query i was hoping someone could help on. I have a property that is worth 90k, now i was going to sell it and pay off my current mortgage (joint) which is 37k. Which would give me a profit of 27k each. Now i am moving in with my g/f. We are getting a joint mortgage for 85.5k against the house, which collates to…
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Mortgage in Principal
Hello, I am planning to purchase a property, I did some research and couple of IFA came up with quote. I am a bit confused and would like MSEs to help me out. Somewhere in MSe I read that if you have mortgage in principal you can negotiate more (assume it is 2K over 170K property but not more). When I spoke to London and…
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HELP Credit Rating Problems
Hi there, If anyone can help or advise about this problem we have I would be most greatful. I am trying to get a mortgage, and have been declined twice. I looked at credit history on experian, which said I was 7 payments late with my credit card. I have never recieved a letter from the credit card company, and I thought…
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Another remortage headache !!
Hi All, I am on a fixed rate of 4.49% which finishes on 31st August 2007. I am possibly going to sell up next year so I have been looking at a Lifetime Tracker Mortgage with Woolwich which is always 0.29% above base rate, currently 5.79%. This mortgage is free of arrangment, legal, surveyor fees etc. The only clause is…
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Mortgage taken out in 1986
We were very obviously mis-sold our endowment mortgage and even have a leaflet telling us how wonderful it will all be. We went through the proper channels filling in reams of questionnaires but were told we didn't have a case. My husband says it's because it was taken out in 1986 and too early to qualify. Is this true?
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Interest Only - Short term solution?
I'm due to re arrange my mortgage soon, but also have a few debts I wish to get rid of. I dont want to add the debts to the mortgage, but if I continue with a repayment mortgage, will only be able to clear the debts over a long period of time. If I was to choose a 2 year interest only deal to free up some cash each month…
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mortgage lender credit checks
when applying for a mortgage im just wondering how deep the lenders actually delv in to the borrowers details i.e what sort of checks do they do ?
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Overpayments v Capital Repayment ?
I have just had my mortgage offer through from ING Direct. I intended to overpay by approx £300 every month, but having read through the paperwork, there seem to be the two options of overpaying. Can someone advise me what the difference would be? I am assuming with the Capital Repayments (min £1000) this would reduce the…
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Selling endowment - have I missed owt?
I won't bore you too much but wondered if I've worked this out correctly before selling up my policy. Policy detail Company - Norwich Union Type - Low Start With Profits Endowment Year took out - 1988 Term - 25 years Projected return (based on 5% growth) - £38,200 Target amount - £51,500 Shortfall - £13,300 Premium -…
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HBOS/Halifax deals coming up
Hi I read today on the Guardian's Cashpoint email that the Halifax part of HBOS is looking to increase its share of the mortgage market up from a current 8% towards the 21% it used to enjoy by using 'tactical pricing' (sez they...) deals every few weeks in upcoming months. May be worth looking out for. Covered here in the…
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How much could I borrow?
I'm due to make an offer on a house but can't see mortgage advisors till next week but need to get a move on as the propert has attracted high interest. I earn £950 Per month after tax per calender month Get £4,000 per tax year Child tax/working tax credit. Current mortgage owed on current property is £46,000 - third year…
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Told it would under perform!
My brother has written to his Endowment provider, asking for consideration to be given to the underperformance of his policy. He has received a reply saying that he has been sent various letters to confirm that it is not expected to provide the projected amount at maturity. This he accepts, but would like to point out to…
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Revised mortgage offer post AIP
How normal is it to receive a revised mortgage offer post AIP? Mortgage adviser sorted us a deal (almost prime) at 6.44%... Lender issued AIP at 5.99% (prime)... Today lender has issued formal offer back at 6.44%. Is this normal practice?
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Releasing Equity
Hi everyone To start with apologies if this is in wrong section! I'm mortgage free and looking to release some equity from my property. Is this a good idea? and what should I be aware of? Does the chosen company take back the amount plus interest when the house is sold or is it on a monthly basis? etc I am doing this to…
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Payment Holiday to cover year travelling...
Hi, can someone please help me? My partner and I are planning a year travelling around South America. We'd like to rent our flat out but the rent won't cover the mortgage (currently with Nationwide). We've been told we don't have enough equity to go interest only (even though we're at 33% equity). So we're thinking about…
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Can you use Broker after Agrrement in Principle
I have Agreement in Priciple with IF. Can I now use L&C Broker to get me the same IF Deal without prejuicing my case with IF.
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Advice please re early redemption
Hi all, would be really grateful for some advice. Have a mortgage with Bristol & west, that I was planning on redeeming in the next few weeks. As far as I was aware, if i redeemed the loan after 28/03/2007 then i would not incur an early repyment charge. This is based ona letter I received from B&W in Feb 2005 - outlining…
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my home was repossed can i claim anything back
my home was repossed in 2004 can anyone advise on what i can claim back i have already had £11,250 aprox paid back to me, i have most paperwork but one thing is puzzling, the mortgage company has charged me £15,787 and states it is EARLY REDEMPTION INTEREST along with other fees such as discharge fee also interest SINCE…
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Should I stay variable? Is it too late to move to fixed rate?
I'm on a variable rate mortgage and not long remortgaged with IngDirect. I'm quite happy with them, but wondering if I just sit out the rates rise or if I will really save money by moving to fixed rate. Any good thoughts?
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Mortgage Free ?
Hi all, i am looking for advice on paying off my mortgage using a Bank Loan :eek: We have four years to run on our mortgage of £37K ( interest only + endowment = £ 356.34 per month ) but due to erratic work availability ( agency ) my wife and i are considering a loan from the TSB of about 12k this loan added to what our…
