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Are trackers wise with current NR problems?
I am currently on a fixed rate with Nationwide which ends 30th Nov. I have spoken to a no fee, whole of market advisor and he is coming back to my house tonight to process my new deal. I was going to go with a +0.17% tracker deal from the Woolwich as there no fees at all and there is no tie in so i could chenge after 2…
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Mortgage for a HMO?
Is it difficult to get a Mortgage for a HMO? As I'm thinking of changing products from current BTL Mortgage Many Thanks
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Missed Payments vs Late Payments
Hi, I was looking at some criterias for self cert mortgages however I'm not sure what is meant by Missed payments, for example: Arrears – Applicants must not have missed any secured loan or mortgage payments within the last 12 months. Advantage will not allow more than 2 missed payments in total in the last 12 months…
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Able to remortgage with second charge?
I recently was refused a remortgage by Barclays due to having a second charge resulting in a high LTV. However, I'm quite confused by this and don't really understand their logic - the way I see it is: House value £200,000 Mortgage £155,000 2nd Charge £52,000 Now, I appreciate the combined totals are over 100% LTV - but…
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PLEASE ADVISE - Northern Rock, not seen and FAQ regarding this...
Hi All This is my first post on the site, but I have been reading it regularly following Northern Rock crisis and in order to get vouchers and discounts as since getting wed in June we both had an amazing urge to 'nest' and staarted looking for a house. We have found our dream first home and we are due to complete…
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Mortgage between exchange and completion dates
Hi I have a confirmed mortgage offer from A&L and based on that I have gone ahead with the purchase of the property and exchanged the contracts (10% deposit paid to vendor's solicitor). However, the completion is due after 4 weeks. Could someone explain the potential risks and vulnerabilities involved in such a scenario…
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Platform Mortgage Taking An Age!
Hi All I am starting to have fears with a new Platform mortgage that was offered to me in principle three weeks ago. My financial adviser originally told me two weeks last Thursday that an offer letter was to be sent to my solicitors but this has yet to appear. Platform were asking my adviser why I had only lived at an…
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Northern Rock drawdown dilemma
I have a bit of a dilemma. We are in the process of re-mortgaging with Northern Rock. The timing is rubbish but it just happened to coincide with the end of our previous mortgage term with NationWide. We went through London & Country and Northern Rock was recommended to us as the best deal. We took out an extra £15,000 to…
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help just signed now not sure
Please help we have just had an indipendent mortgage advisor in our home from equity house mortgage advice center and we have just signed up. We are now having second thoughts . Its a fixed rate mortgage with the leeds building society for 2 years at 6.29% and variable rate after that. amount of loan £66,859.00 plus…
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pay off or save (i'm new, please help)
I’m unsure where I should post this query as I’ve not been on this section before, but here goes:- We have a Mortgage of £36,000 on a property valued at approx £250,000. (this is our main home and we have no intention of moving as we have just spent £50,000 improving it, this was funded with cash from the sale of our…
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Mortgages based on affordability?
Who does mortgages based on affordability? Situation: married own our house on a mortgage with Halifax. Self employed (when we look at selling this for our next house we will have 4 years accounts) a* credit ratings Thing is as with alot of people our accounts don't reflect our true income. We take a fixed wage without…
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Northern Rock - Pre-Approved Mortgage
Hi, The people buying our house have a Northern Rock mortgage that has been pre-approved, we had the survey done on our house last Wednesday which of course the buyers will have paid for. I think they may be going for a 100% mortgage and applied for the mortgage around the 30th of August, alot of the press speculation has…
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What chance have i got? new mortgage
Hiya Me and my partner have had a mortgage for about 8 months on a flat and we're thinking of trying to buy a house. We will have 10% deposit (once selling the flat). At the moment our mortgage isnt great because my partner has had bad credit he has two defults one £600 paid off in 2004 and one £1600 paid off August last…
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Leave my money in offset account??
I posed this question some time ago and I thought I would give it another go to see if things had changed. I have an offset endowment mortgage with the Woolwich (now Barclays) It finishes in around seven years and I owe £37000. I also have £26000 sitting in the same account.I am also in a position to add another £500 per…
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Commercial mortgage
I need a commercial mortgage of around £80,000 to buy an industrial unit. Would anyone know how to go about this and approx how much the repayments would be? Treen
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second mortage on second property
hello all, i have a few questions that i would hope you very knowledgeable people could help me with. my partner and i have just completed on our first house,we have just purchased an ex-council home and we beleive we got a very nice deal with a good discount enabling us to get onto the property ladder and several rungs…
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I think our lender is trying to weasel out at the last minute
We were supposed to move house this weekend. Friday morning, the solicitor called and said, "They didn't release the funds. Said they sent out paperwork earlier in the week, re-offering the loan." At the end of a confusing day, we found out that the original contract had had a typo on it and they wanted to have us sign new…
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Changing mortgage into another name
I am hoping someone can help here. I took out a mortgage a few years ago as a favour to my mother in law. She would have had trouble getting a mortgage and wanted to move to be closer to us. I bought her house in my name, with her money and she has always paid the mortgage through me without any problems. I am aware that…
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Paying-Off Endowment Mortgage
If I pay-off the capital on my endowment mortgage, can I continue the endowment policy and if so, are all the benefits of the policy still in place eg life cover? Are there any catches or does it continue just as if the mortgage was still going? Thanks - Tonome
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Friends Provident endowment
Hi all, I have a badly performing FP endowment, (have already changed my mortgage to full repayment as we have bought bigger and wanted peace of mind), so the endowment was kept running for investment/life cover purposes only. It was originally taken out to pay £67,000 but has almost halfed now, each year its getting less…
