-
Mortgage exit fees
Hi there I sent letters off to my last 4 mortgage companys and asked about the exit fee refunds as I do not have the paperwork stating what I signed for and what I ended up paying. :cool: BIM stated I originally signed for £110 charges but paid £145 charges and they have offered me the difference which I accepted. Northere…
-
Advice please
Hi, we have a £24,500 endowment mortgage on a house that cost £27,500 and is probably now worth £110,000 plus:j The mortgage is with the Halifax and the usual payment was £265 per month, but due to arrears:eek: , I have been paying £311 for the past 3 months, but this is now cleared. I notice from looking at other posts…
-
Nationwide ripped me off?
Hello I have just completed on a new morgtgage and got a letter through post from Nationwide about details of my first payment It would appear that within one month of completiong they will charge me TWICE for the interest. The letter states that the first payment to be made will charge interest for the month of completion…
-
Five months for my buyers mortgage offer to come through!
Yes, five months! I know that some reading this will immediately assume that there was a problem on the buyers part but I am catagorically assured that there never was a problem. I am however told (by my conveyancing solicitor) that the company my buyer used has done this before. They are always extremely slow on these…
-
mortgage condition
Hi guys just needed some advice. If you receive an offer with a condition saying: "You have to pay of all your credit cards and then not undertake any further borrowing." I mean are they saying once you have paid of your credit cards you can not use them anymore?
-
Mortgage Trouble
Hello This is the first time I have used this website and I could really do with some help and advice. I am not asking for boo hoo I am feeling sorry for myself or deserve what I have got by getting into debt as I know this is down to me but I am looking for some advice on how to get out of it and build on the future as…
-
help with re-mortgage
Having read Martin's re-mortgage guide I started the re-mortgage processs in February using London and Country. I am still awaiting completion. London and country were great to start then I was moved to a different guy and he's been useless. Kept getting his staff to call and ask for documents but they never knew which…
-
monthly payment X gets ????
Does anyone know if there's a tool on the web where I can plug in what I'd like to pay each month at rate X and it tells me how much I can borrow? i.e. say I can pay £1000/month at 6% - how much does that equal in borrowing? Ideally I'd like an interest only option there too. Any help gratefully received...
-
switching mortgage deals
im currently with BM and my discounted 2 year rate will be up soon, meaning i'll have to start paying a higher rate. I've had a letter from BM offering me the opportunity to switch to another mortgage that will work out cheaper, just wondering if there are any catches in switching deals?!
-
Housing Benefit and Mortgage Application
Is it true that some providers will not grant a mortgage if you have received Housing Benefit? I ask as my daughter has a mortgage in principle from preferred mortgages and has also recently applied for Housing benefit. So if she gets the benefit while they are checking the application will the application be declined? Can…
-
Warning! Fixed rate deals about to be withdrawn
Just to let everyone know, with swap rates soaring, a lot of the current fixed rate deals are on borrowed time. Northern Rock have put a withdrawal notice on their deals. Anyone know any other lenders doing the same? As I've been warning people, fixes are about to get 0.3-0.5% dearer, I predict.
-
Problems Getting A Mortgage
My husband and i currently rent, but have found a property and fell in love with it. The estate agent said that if we used their mortgage advisor they would swing it for us and our offer was accepted The house costs £184000, and we have a 5% deposit of £9200 My husband has just started a new job and earns approx -£32000 at…
-
FTB with large deposit-Best type of mortgage?
Hi there, I have recently learnt that my friend is selling the house I currently live (on very reasonable terms-£60 week all in!). I have decided to buy my own place and have £50k saved up which I would like to put down as a deposit on a £90k-100k flat. My gross income is 15k and I take home just shy of 1k a month (of…
-
Will I need to make a payment to my current lender?
Quick question please; I'm due to remortgage with my new lender from 1st July(my current deal ends with my existing lender 30th June). My new lender has confirmed that on 1st Aug the will take 1 months full payment plus a bit extra for July-fair enough. Can I now cancel my DD with my existing lender or will they try and…
-
IVA completed - remortgage needed
I completed my IVA in Nov 2004 and have the completion certificate to prove it, do I need to do anything with my credit file as all or most of the items on it show nil balances but not all, I have a 2 year fixed rate mortgage with SPML at the moment with six months to run after which there will be no redemption penalties,…
-
when do brokers do the credit search ?
when do brokers do the credit search ? is it usually after a mortgage has been suggested and key facts issued or before ? if it is the latter, what if you are dealing with more than 1 broker and each do credit searches before suggesting a product ? input would be welcomed
-
Training to become a Mortgage Broker / IFA advice please!
I am about to start a course to train to become a Mortgage Broker - ideally I would like to pursue a career as an IFA and the initial FSA course module is the starting step for both of these qualifications. However, the IFA qualifications are more complicated and take longer to complete. Can anyone please give advice on…
-
Quick calculation?
We are in the process of remortgaging with ING at the moment, £74k for 14 years= £640 per month approx. Does anybody know how much interest v capital would be paid off each month? and does this change over time?
-
Selling Standard Life Endowment Policy
Hi, wonder if you guys can give me your comments on this. I am going to cash in an endowment policy I have with Standard Life however when I called SL they told me I could possibly get more by selling it on. They gave me the name of a company to call EPMM (?) and the girl there took my details, told me around 6 companies…
-
Excessive charges for a letter
I am trying to surrender several endowment policies, but my insurance company say they may still be assigned to several building societies. The insurance company need a letter from these lenders to confirm that they are no longer interested in the policies. I spoke to two of my former lenders (Leeds and C & G) who…
