-
Interest Only Mortgages
I have an Open Plan Mortgage with Woolwich\Barclays. It meant I had a mortgage and an amount that was classed as a loan.:confused: I came into difficulty and due to being on maternity I changed my mortgage to interest only. I now want to know what is the best thing to do. I had mortgage arrears and have a justified ccj…
-
best fixed rate mortgage
Hi, We are just coming to the end of our current mortgage deal and are looking to move to a new fixed rate, either 2 or 3 yrs (maybe 5 if the rate was low enough). Just wondering if any of you experts could recommend any low rates/lenders?? Our current rate is only 4.39% so we are going to see a big increase in our monthly…
-
Remortgage Buy-To-Let Options
My IFA has provided these figures for 131k mortgage interest only, over 23 years. 1. Alliance & Leicester 2 year tracker 5.74% . £350 valuation fee, £999 arrangement fee added to loan. You pay legal fees (c. £400). = £631 p/m (with £750 fees to pay upfront, which works out to be extra £31 p/m over 24 months = £662 p/m)…
-
Redemption Fee (Alliance & Leicester)
Hi there, Just want to pass this by you and see what you guys think. I payed off my mortgage with the Alliance & Leicester in February 2007. The balance was paid via cheque including this rip off redemption exit fee. I recently saw Martin on a TV program and he mentioned this and how you can claim it back. I wrote to the…
-
100%+ Remortgage Required
Due to the costs of the divorce my ex-wife requires I need a re-mortgage ideally in excess of 100% ( about 110/115%). This will enable me to pay out the settlement agreed with the x, stay put in the house and leave sufficient capital to undertake improvements (additional bathroom and study) and buy a small parcel of land…
-
A little advice for my brother please
As the title says im posting this on behalf of my brother who is a) totally rubbish with money and b) totally lost as to what to do Brother owns his own home worth £110k mortgage of 30k outstanding fixed rate which which hes tied in with approx 15 years to ron on payments of around £450pcm HIs soon to be x wife is needing…
-
Switching BTL mortgage???
Hi all! Hope someone can offer me some advice. My current fixed rate interest deal is about to expire and my monthly payements will jump up by £120 pcm due to the current variable rate I have been offered at 6.45% (7.0% APR by comparison apparently!). My outstanding mortgage is £114,000 on a property currently valued at…
-
Switching BTL mortgage
Hi all! Hope someone can offer me some advice. My current fixed rate interest deal is about to expire and my monthly payements will jump up by £120 pcm due to the current variable rate I have been offered at 6.45% (7.0% APR by comparison apparently!). My outstanding mortgage is £114,000 on a property currently valued at…
-
Length of mortgage term
Hi, Currently remortgaging - wondering what length I should be going for. I will retire in 23 years (but my wife will have 39 years) should I be aiming for that date and get a deal over 23 years? I guess it doesn't matter that much as I'll be going for a 5 year fixed deal and will rearrange over that. To be honest the…
-
Is this Kensington deal any good?
This is from a key facts we were given. Someone said Kensington are only for adverse credit borrowers, is that right. Also are all the fees here normal? These are the key facts: The Interest Rate is a fixed rate of 5.99% for 36 months [FONT=Arial,Bold]What fees must you pay? Fee amount [FONT=Arial,Bold]Fees payable to…
-
Best rate for 5 or 10 year fixed?
I'm currently looking for a 5 to 10 year fixed mortgage, can anyone point me in the right direction please? What fees am i looking at to switch? Ball park figure would be good, it's getting really confusing... I'm not planning on moving for that lengh of time so i thought that term would be best for me. I currently have…
-
Survey Question
We have found a property , had the offer accepted and last night we got our mortgage sorted out. Now I have a question about surveys. The lender does a valuation survey but who does the survey that tells us the condition the house is in? Do we have to instruct our solicitors to do that? Being mortgage virgins it's all a…
-
Reality Check?? Can This Happen??
Hi all mortgage peeps.. Details are: Our current Mort is £142000 - Standard Life Joint Debts are £34000 - Loan(£22K) and credit cards(12K) Current house value approx £275000 Had the house for one year and now looking to extend. Looking to take out an extra £55000 to pay off debts and for the building costs. By paying of…
-
Early Repayment Charge + Redemption Charge
Hi, Newbie here... I entered into a 3 year fixed rate of 4.99% back in Jan 2006 and will be selling my house on Fri of this week & going into rented and then completing in 2 months on our new house. I am being quoted the full 3% of the Early Repayment Charge, even though I have only 15 months left - is this right or should…
-
Mortgage Fees Before Start?
Hi, Can anyone provide any advice on Mortgage charges? I recently agreed a new fixed rate deal with my current mortgage provider that will convert in a couple of weeks. I think I'd like to go elsewhere but have been told I may have to pay charges to get out of the deal. The deal hasn't started yet and the paperwork states…
-
Best two year fix?
Anyone know of a 2 year fix at the moment, less than 5% if poss.
-
Claiming back mortgage charges
I've been hearing so much about reclaiming unfair bank fees and I was wondering if anyone could help me by advising me what to do. I've read your article about bank charges but my problem was with the mortgage lender Woolwich. I had a mortgage with Woolwich for years and recently changed to Coventry Building Society, but…
-
Guarantor to get better/bigger mortgage
Hi, We are looking into mortgages for a new place and have been advised that on current salaries we would be able to get a £190k - £200k mortgage maximum. The house that we want would be around £230k and we will have £20k deposit. We know we can phisically afford to pay the mortgage on a £210k mortgage so is it wise to get…
-
Mis-sold Endowment In 1997- Am I Too Late
Hi, just found the paperwork for our endowment which was recommended to us in 1997, does anyone know if we are too late to claim.......Just been reading the paperwork from the mortgage advisory centre we arranged everything with and this is what it says....."To repay your mortgage all methods were considered. Endowment…
-
Case for misselling when endowment purchased directly from insurer?
I purchased my endowment back in 1989 direct from Friends Provident. Performance has been dire and wrote to them using a 'which' template in Aug 05 citing unsuitable product, options not discussed, nor risk of failing to reach target amount and no information provided as to how the funds would be invested. Complaint…
