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SPML - Southern Pacific Mortgage Limited
Hello to everyone ! I have a question, I need some opinion about SPML. I will take mortgage with them, is it good lender? I want take a mortgage (fixed rate 2years) what after? can i change lender or go for another 2 years ? How does it look ? I know maybe that silly questions but this will be my first mortgage... Have a…
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How Much can we borrow?
We currently have an interest only mortgage at 52000 which is due to finish in 2019 after 30 years. We would like to move and if anybody could give us an indication of what we are likely to be able to borrow - my husband is 42 earning 33000 and I earn 2500. Any ideas much appreciated - or should I just work on 3 times his…
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best morgage
I am applying for a mortgage tomorrow. Anyone know of the best / cheapest deal at the moment for a 2 year fixed rate over 13 years ? Thanks
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putting other half on mortgage
hi my otherhalf for 18 mths wants to be put on my mortgage which is due to be reviewed next mth.and go half on house hold bills etc.my house is worth 110,000 with a mortgage of 80,000.what i want to know is can i safe guard the money ive made on the house so far if we ever spilt up?.many thanks
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Save money when paying off your mortgage
When I paid off my Nationwide mortgage 8 years ago, the Nationwide branch manager advised me to leave £1 in my mortgage account. This ensures that Nationwide will store my property deeds free of charge, and if there is ever a windfall payment I'd qualify. Easy!
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Mortgage Advice for bad credit history
I am currently renting but I am paying £800 rent a month and I’m looking to buy. But before even considering that I need to know if I would be eligible for a mortgage. I am currently in a Debt management plan with debts of over £40k I try to enter an IVA in Jan 2007 but less than the required 75% of the creditors accepted…
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morgage fees
is there any way i can claim morgage related fees, late payment, paying morgage off early fees back?
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interview questions
hey mortgage advisers :cool: im in the interview stages for a mortgage advisers role (trainee) and have a few questions for you professional and novice advisers to give me a few pointers if you dnt mind right here goes 1. why did you want to get into sales? 2. how do you build a good customer relationship 3. how do you…
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Surrender / Sell Endowment
I have a 25 year Low Start Low Cost Homebuyer Policy with AXA Sun Life that was taken out in 1999 to cover a £105,000 interest only mortgage. As I am now in a position to redeem the mortgage I have no further need of the policy. From what I understand it is a unit linked policy, invested in the AXA Sun Life With Profits…
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But to Let mortgages
Does anyone know any decent buy-to-let mortgage deals? Any banks / building societies or online banks? Thanks, lsjhoa.
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Pushy Estate Agents - Dont Be A Victim
FINANCIAL HEALTH WARNING CHOOSE YOUR OWN BROKER, DON’T LET AN ESTATE AGENT DO IT FOR YOU! The first step in buying a property is to establish that you can obtain the funds to do so. You can carry out this research with your bank or building society, through the internet, or by using the services of a mortgage broker. A…
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Just Bought New House - Would Appreciate Some Mortgage Advice
Hi There I have just bought a new property and am meant to receive the keys for it next week - I am now beginning to do some last minute panicking over certain details that I don't fully understand: 1) My move in date to the new property is Jun 15th. 2) My move out date from my current property is July 29th. 3) Due to the…
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Overpayment Mortg calc. showing reducing payments, not shorter term
We have a 10 year fixed mortgage and have made some over payments recently. I would like to find a calculator which could demonstrate how much less we would pay each month but still keeping the 10 year term. If we pay it off earlier, we will have to pay ERCs. Most of the calculators I find seem to tell you how many years…
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off set mortages
Hi, I have been looking around for an off set mortage that would allow me to pay interest only some months and extra the next etc. The cheapest I have found is Coventry building society at .10% of the base rate. Im basically looking for the most flexable mortage possible and the idea of ofsetting appeals to me as some…
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How to compare fixed rate with tracker mortgages?
I was hoping for some advice from the lovely mortgage advisors on here... I was wondering how advisors compare fixed rate mortgages against tracker mortgages for customers. I'm trying to compare different rates as I'm prepared to take on a tracker mortgage but want to be able to calculate how many interest rate rises there…
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i want an int only mortgage, do i qualify?
i want to take out an int only mortgage of around £100000.00-£120000.00 if possible. my net income is around £1500.00, no exiting loan or credit card outstanding. i'm trying to purchase a studio or one bed flat and upgrade it in a few years time maybe. from how i understand, at lease i can get on to the property ladder by…
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Coming to end of fixed rate deal, but income has dropped. Can we remortgage?
Hi there, I'd be very grateful for some advice from the forum. We're 2 years through a 3 year fix with the Co-op and our house price has gone up by (we think) about £55k. This (and the payments we've made over the last two years) takes our LTV from 95% to about 72%. At the end of our fixed rate in May 08 we will revert to…
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interest only mortgage
I am thinking of moving. The mortgage adviser (independent) today has said that it may well be worth our while to get an interest only mortgage and then overpay by say 300 pounds per month as this way you can pay down your mortgage much quicker than say a traditional repayment mortgage. Does anyone on this site know if…
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£175 admin fee for leaving mortgage??
hi, i am leaving my current mortgage lender after a 3yr fixed period. i have been given my closing balance along with an admin fee of £175 for leaving. :mad: Is this legal and can i refuse to pay it? or claim it back at a later date.
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Get small Mortgage or use Savings?
Hi all, My parents are looking to sell our house for £150K which they own outright, and buy a house for around £200K. They have about 10 years before retirement and their current concern is whether to get a mortgage for the extra £50K or use the majority of their savings and buy the new house without a mortgage. Obviously…
