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Remortage - length of term vs overpayments question
I am about to start the process of remortgaging and I have a question about the term I should go for. My current deal runs out at the end of this year. My current deal is for £60k over 12 years on a house worth approx £300k. I have been overpaying by approx £100/month. Now when I set-up my next deal, should I go for…
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Halifax offer RTBY
Hello all, its been quite enlightening viewing this forum last couple of days! I'm in process of RTB my council flat, four in a block, top left flat, nice flat own garden at rear, valued at 63500, 1940's though they have been selling for a lot more than this! I can buy for 24,130. I have a 5000 deposit, I can put in 7000…
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Help with mortgage advice
hi everyone I need advice with remortgage charges from the lender,my partner has 2cjs and is with a company for debt management.We want to change our mortgage from interest only to fixed,the debt co gave us a mortgage co.( Friendly Loans)they charge 5% up to £3000,plus £950 for the arrangement fee,also £110 for the EXIT…
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Next interest rate movement - up or down?
my fixed rate mortgage is coming to an end and I'm not sure whether I should fixed or not. I don't have a big mortage and I am overpaying. Given all this credit crunch business then some commentators say the B of E will fall to help loosen up the markets and to reduce the fear of these sub-prime debts materialising. This…
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Where should I start my search?
Hi, I have found a property that I am interested in. It is on the market for 780K and after selling my house I should have 450K in a deposit. This would leave me needing a mortgage of 330K. Now the property can be two properties. It has outbuildings that have already gained planning consent. Our plan is to do this up and…
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Survey - unncessary?
Hello everyone, Wanted your views, if possible. I am looking to remortgage my 3 bed semi in the South East. The remortgage amount is no more than £50k. The surveyors appointed by the lender have insisted that the remortgage won't proceed until they get access to the interior of the house to check it out. I'm reluctant to…
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Redstone mortgages. Just put my rate up by 0.85%!
I need some advice if anyone can help. I currently have my mortgage with a company called Redstone, Skipton, North Yorkshire. I took this out a year ago, thru a broker, because of some very minor, slight delayed payments on my previous mortgage, I had to use a broker as I couldnt seem to get a run of the mill mortgage with…
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chelsea building society?
Hi there, our purchasers need to have a 2nd charge placed on the property, however, the Chelsea seem to be taking a long time to do this. Their solicitor wrote to them back in July and they only started asking for further information last week. Our purchaser faxed the outstanding info to them on Friday - how much longer…
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Which mortgage!!
Ok Guys I need help! Ive been told not to go for a fixed rate mortgage due to the high rate at the moment, and will be stuck if the interest rate drops. So ive been looking at the trackers and capped mortgages. i want to lend £100000 for 2 years with no charges after the 2 years to move my mortgage. A mortgage adviser told…
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Transfer of Equity ?
We have just moved into a new property. When applying for the mortgage, my partner was not working at the time and has 2 CCJ's so we thought it would be best to apply for it in my name. We now want to add her name to the mortgage and title deeds retrospectively. Our mortgage company, SPML, have advised that a fee of £100…
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Victoria Mortgages
Anyone with a mortgage or current application with the above lender needs to talk to their Financial Adviser - the company have entered into administration today. MM
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Re-mortgage to get £10,000
Hello, I need to get about £6,000 for a new kitchen, and am thinking of re-mortgaging to release the money. Simple question: is this a good idea? Or would it be more sensible to just get a loan? Thanks, Duncan
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Hold off on exchange? or not...
Hi, We were expecting to exchange this week and complete on the 20th Sept but were informed by our vendors that this was no longer possible and the next mutually convenient date is the 2 Nov. In anticipation of exchanging this week we gave our solicitors a deposit of over £8000 but I'm toying with the idea of getting it…
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How much to offer?
I have been checking a house I like, it has been on the market for nearly 4 months. It has been reduced twice and is now for sale at 350k. I have checked the website for houses sold in this area and in my opinion, it is still over valued, that's why it has not been selling. Hubby told me to arrange a viewing and then offer…
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What do I need to take to building society?
to enquire about a couple of mortgage illustrations DH and I got from their website? Do we need to take ID with us? Any bank statements or wage slips etc? Thanks.
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Advice needed - re relationship breakdown etc
Hello Split from ex 2 months ago, was together 10 years. Had mortgage for 4 years. He does not wanrt the house and i do. I am a student nurse until April, only earning £550 a month NHS bursary. I have been offered a mortgage with Abbey with no proof of earnings. With Scottish Widows at moment, ex says he dont mind staying…
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2 year fix with Scarborough - 5.44%
Not sure if this is the right place to put it but anyone looking for a 2 year fixed deal should check out scarborough building society. I think it might be an exclusive offer from a new branch in Leeds on Albion Street. 2 years, fixed at 5.44% with a £499 arrangement fee, including legal free legal work but excluding…
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Quick Dilema any sensible ideas?
Ok Heres our situation, Theres me the Mrs and our son we sold a property 2 years ago and are now renting. Why dead money I hear you cry. Well our house is very nice and its only £240 a month plus some of the interest of our money pays the rent! Theres not alot of pressure if we loose jobs etc because at least its not…
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Remortgaging - Conveyancing
Which is best, mortgage company's legal team (£350) or use my own (£500)? No questions on price but for level of service and other potential pit falls would be useful to know. Pin
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Decreasing mortgage insurance...
I'm in the process of remortgaging (end of fixed rate deal) and have moved from an interest only to repayment mortgage. It's now over 25 years and for £100,000. Our old insurance was level cover, with CI and reviewable, but as we're now on repayment I'm thinking we should swap to a decreasing scheme, with guaranteed…
