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Help mortgage offer changed what should we do?
Applied for 100k BTL mortgage with Abbey at 5.4% was approved. In the end decided we probably only needed 80k so asked to revise amount. What I didnt realise was that this would then mean a completely different offer, this time at an interest rate of 6.54%. Just found that out today when the new offer arrived in post. Can…
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They've taken the valuation fee - Can they still decline me?
Hello all Having been frighteneed by my boss by being told "Only a sub prime lender will consider you" I was pleasantly surprised that the Woolich seem to be saying yes. They have now taken the valuation fee. So can they still decline me because of me? Because of my credit record? (1 default for 800 odd quid from 1992…
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Discount/Low Start Mortgages
I have only four years left of my mortgage with the Halifax. Can i change to Discount/Low Start Mortgages (e.g. ones that give a low interest rate for two years) with another provider? Not too sure if there is a minimum length of time for such mortgages. Thanks in advance!
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Early repayment - Which is best
I have a mortgage with Derbyshire Building Society which is in two parts; a repayment and an endowment (interest only). I want to pay off £10k of the mortgage this year. I know that that will help me save in the long run. However which mortgage is best against which to make the repayment and get the best saving in the long…
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Intelligent Finance Offset Mortgage?
We currently bank with IF and like the feature of multiple savings accounts etc. We have just been sent a letter saying they have an exclusive deal for current customers on a 3 year tracker offset mortgage. It is an initial rate of 5.75%, going up to 7.2% in 3 years (when we would remortgage again!) with an arrangement fee…
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Switching name on my mortgage/deeds
I am expecting a baby and I will be cutting down hours at work. May partner is wanting to buy a house and I want to reduce my outgoings. We are thinking of transfering the house and mortgage into my partners name so he deals with all payments and ownership of the house. Is it possible to do this and how would I go about…
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switching to interest only free mortgage
hello all, not sure if this should be DFW forum instead - sorry if posted in the wrong place. things are not good financially at the moment. a mortgage payment was missed in may but was not realised until july. i have just had a major op and due to time of etc we are financially struggling. i would like to sort htings out…
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Will we be able to get a mortgage?
Right, the current situation is that myself and my partner are selling up and looking to move in to a new house. We have currently got a buyer and found the house we want. My partner has a good credit rating while myself does not, even though current debts just been paid up (£145) and I'm also in discussion with Nationwide…
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A little advice please !!!!!
Hello Please can someone explain to me how a take over of Northern Rock would effect existing mortgage clients ??? I have been with them for a bit now and have a pretty good package with them, but am slighty un certain at the moment. Especially with people at work saying ''id watch northern rock if i were you'' therefore…
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2yr fixed becomes 18mnth fixed..
Hi, Has anyone had the same experience as me? I took out a 2 yr fixed rate mortgage with Bank of Scotland. In all the documents sent to me when i took it out, was a sheet detailing exactly what i'd be paying, month by month, for 24 months, and then it would revert to the variable rate.. But, in the same documents, is the…
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Scared To Death!
Am I about to commit financial suicide? I earn £28,000 and my fiancé earns £24,000 – Joint income of £52,000 a year The houses were about to buy is £247500 and we have 30k deposit to put down. So I’m looking at around £220,000 mortgage and using rough calculators on the internet comes out over 35 years at £1300 a month!…
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Please I'm begging for help/advice
I'll try and keep this brief. I got into mortgage arrears with Woolwich/Barclays. Quite a lot of money and even more with the monthly £40 charge being added. I fell pregnant and that reeled my head in to sort out my debt problems. So I went to see a mortgage advisor that arranged with head office that on top of the £400…
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Best Mortgage Rate
I need to find the best interest rate for my parents mortgage. Could anybody recommend the the best rate or some link i could look at. I thought there was a link somewhere which showed all the comparisons but i cant find it. Thanks:confused:
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Timber framed house....
We have a 1850's timber framed house. We currently have a 2 yr 0.14% above base rate tracker with C&G. You may have read on the house price forum that we have rennovated and extended it and are no in a position that we need to remortgage to roll up the debt created (loan) into the mortgage. 2 questions:* I know that…
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Endowment Policies - Norwich Union grabbing orphan funds ?
Over the last year or so I've been told that a significant sum in 'orphan funds' is going to be re-allocated by Norwich Union. I have an endowment policy with them, linked to a mortgage, and apparently if I agree to the terms which will eventually appear, I will be in line for a 'windfall'. If I do not, it isn't clear to…
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Norwich Union taking charge of 'orphan funds'
Over the last year or so I've been told that a significant sum in 'orphan funds' is going to be re-allocated by Norwich Union. I have an endowment policy with them, linked to a mortgage, and apparently if I agree to the terms which will eventually appear, I will be in line for a 'windfall'. If I do not, it isn't clear to…
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How much is my first payment going to be???
My girlfriend and I are anticipating completing on our first property the middle of next month. Yay. However, due to the dates we get paid, and when we can transfer money into our mortgage account, the date of our first payment is due to be the 5th of December. Now, on the 5th of December, are we meant to be paying for the…
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Escaping Exit Fees When Selling!!!!!
Hi There Found Some Exciting News From My Mortgage Company Today I Was Told If I Sold My House B4 The Tie In Period Id Incur 3145 Fees........ Well!!! Theres Something Called Porting If You Stay With Your Current Lender And Loan Less Money Onthe Second House They Only Charge U A Percentage Of The Difference For Me I Owe…
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Transfer of equity - removing name from deeds !!!
Hi. Can someone please help me. I am married but seperated from my wife 7 months ago and moved out of out jointly owned home (joint tenancy, mortgage in both names). My wife has stayed in the home and has agreed a figure to buy me out of the house. She has obtained a re-mortgage with a new mortgage company in just her…
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Nationwide
I am just about to come to the end of the fixed 2 year period with Nationwide. Is it worth sticking with them or are there better deals out there?
