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Legal protection in shared ownership
First time post - searching the net hasn't helped and so I hope a forum reader can offer advice. I would like to put some money towards my son's search for a house to purchase. I've recently inherited almost £75k and would like to use it to reduce the amount my son will have to pay in mortgage repayments for his first-time…
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Fixed rate, fees and mortgage lenders...?
Hi there. I've been with Direct Line for 2 years with a fixed rate mortgage (4.69%). I am now looking to remortgage, but I am having problems because I live above a hairdressers. There are only a few lenders that are happy with this :confused: The best a mortgage broker can find is 6.4% with Alliance and Leicester. Is this…
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Clueless newcomer - remortgage or sell up?
Hi there, I am so totally clueless about mortgages so ay input would be gratefully received. At the moment we are living in a property worth £165,000-169,000. We have two mortgages, the first is £127,000 owing (4.99% for 25yrs) we have 4 months left of the 5 yr fixed term. We also have a secoond mortgage for £10,000…
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Halifax taking their sweet time to offer
Hi all. I'm buying my brother's property, and he'll be using the equity as a deposit on a new place; no problem there, but the limiting factor is what I feel to be incompetence on the part of my mortgage broker, which is the Halifax. The underwriters of my application put the offer on hold since they had questions…
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70 year lease and £20,500 to renew advice please
Hi I looked at a flat today the property is on for £245,000 and it seems very reasonable. However the lease is only 70 years and to renew the lease would cost £20,500. This according to the agent who told me that was what the owner would have to pay to extend it only 50 years. Does this not seem very steep? Will this…
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Fixed term due to end on January 31 2008
As above really and I need to find a new deal my current two year fix coming to an end in January 2008 I am with Skipton at the moment and my mortgage balance is £60,500 but I want to extend my lending to cover some improvements to the house, to a total of £5,000 In the light of recent events wondering if at this time…
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Mortgage deal due to end in 10 months - wait or change now??
Hi all, I know nobody has a crystal ball but what would you good good people predict that the best mortgage rates will be this time next year?? I have 10 months to run on my current deal with Northern Rock & am paying a rate of 4.89%. Should I try & find a long term fixed rate now & pay the exit fee to Northern Rock or…
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Tax break on Mortgage!!
Why isnt Gordon Brown giving tax breaks on mortgages?
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Tax break on Mortgage!!
Why isnt Gordon Brown giving tax breaks on mortgages?
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Miss sold endowment
Hi All, after some advice. Got a "RED ALERT:High Risk of a Shortfall" letter from J.Rosthschild Assurance regarding "Capital Repayment Plan" for the mortgage. Sent template letter of complaint stating following reasons 1. The endowment was not suitable. The adviser did not explain there was a risk the endowment would not…
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Advice needed please - is this a good deal?
Hi GuysCould any of you tell me if this is a reasonable offer of not please?My mortgage is with Yorkshire. I was on a fixed interest rate of 4.69% (monthly mortgage payment £770.83) which is coming to an end in October. From November they have offered me a stepped fixed rate of 5.99% until 28/2/09 (so £849.00 a month) and…
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northern rock
I have a mortgage with Northern Rock can anyone please tell me what happens to that mortgage if they go down?:o
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Mortgage fee error in my favour... their problem or mine?
Hi I am in the process of remortgaging as I am nearing the end of my fixed rate. We agreed to an initial offer but then found the lender had reduced the interest rate a couple of days later (only 0.1% but every little helps right?) so I went and complained and they sent us a new offer at the lower rate which we agreed to…
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BTL or continue as first time buyer?
Hi, I bought a property 2 years back as a first time buyer. Last year I have to move to different location due to job reasons. I have rented my house with the agreement of the mortagage lender by paying a fee. Now it is time for my fixed rate to expire and I'm planning to looks for a better deals. I'm confused whether I…
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mortgages
Is it better to get a repayment mortgage and have less spending money or is is preferable to get an interest only mortgage, have more spending money and not raid the savings accounts?
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Is it more expensive to pay just the interest on a mortgage?
I would be interested in taking out an interest-only mortgage. Are those more expensive in terms of fees and the level of interest rate than repayment ones? Thanks
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Northern Rock mortgage with Flexible Reserve - is it safe?
We currently have a Legal and General Flexible Reserve Mortgage, (taken out in 1999) that is now owned by Northern Rock but still run under the L&G name. It works as an offset mortgage with overpayments building up as the "flexible reserve". Our mortgage is matched by the value of the flexible reserve (less £100) and…
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remortgage to clear debts
i have been paying into a company dcm apex for 4 years not really happy with them very patronising as evey now and them i get hit with court oders as they make late payments still 14,000 owed to creditors 74 thousand mortgage , 675 behind in payment will clear in 2 weeks has any one sucessfully delt with lower settlement…
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basic question about the property chain
Hi. I'm currently buying my first property using a Lifetime tracker with Woolwich which I think it is quite good. I've made a deposit of 37% and I'm planning to make some payments every few months in order to pay less interest. My question is: should I leave a lot of cash available for a deposit if I want to buy a new…
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BTL Lenders and unfair charges
I am just about to re-mortgage one of my BTL properties and thus change lenders.My old lender (New World) wants to charge me fees such as £125 for the production of a final redemption statement...does anyone know if these fees are subject to the same reclaiming of unfair charges process as bank charges/mortgage exit fees…
