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US in a little hot water
I have just been looking onlone, we all know the US are having problems with housing prices etc. Lets just be glad we are not in this position! http://news.bbc.co.uk/1/hi/business/7078492.stm
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Lending criteria has changed?
I approached a L&C broker to remortgage as our 4.24% 2 yr fixed comes to an end next month and they told me that they can't help us because none of the banks would lend to us? They told us to go back to our current lender (A&L). DH is on 50K and I am home with my son, we need to borrow £160K (house worth £500K). Our…
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quick morgage question
just a couple of quickys first off i have a morgage offer, the administer has also accepted my offer and the solicitor has started the searches but the house sale is complicated and has to go through court how long will hbos honour the morgage offer,
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Chelt & Glos Mortgage - do they have online access?
Hi Does anyone know if they have online access available to a users mortgage account/balance ? i couldn't find it on their website
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Scot prov missold endowment dilemma
A friend of a friend sold us an emdowment on our first property in 1993. It was for 30k at the time and was a With Profits policy with Scot Prov. We moved property and took out a further endowment with another company. Both were miles off target to repay our mortgage and the second company paid us £2500 when we stated that…
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Savings Rates v Mortgage Interest Rates-help?
I'm about to offset my savings against my mortgage but have been told that I may come unstuck as some Savings Rates are now higher than Mortgage Rates :confused: This might be a mad question but how would my offset mortgage be affected? I am offsetting 36k against my mortgage of 36k and I will make no monthly repayments as…
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Is there an endowment complaints register?
Hello. I have trawled through the posts as I know this has been asked before, but I can't find the answer. Is there a register of companies/individuals, who have had endowment complaints made/upheld against them? I have noticed on some threads that posters seem to be aware if there have been previous complaints made…
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Nat west/one account advice please
Hi everybody I am looking for advice on whether i am suited to using the one account and hope that someone can help me. I have read the thread started by salty 69 which has been running and can't make my mind up if it would be a good thing or not. Here's my situation: Looking to move, house valued at £85,000, exisating…
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Interest only mortgages- money borrowed decreasing
I have an interest only mortgage. The last time I checked it was £44,500 It's now gone down to £44,000 How can that happen? I was under the impression that an interest only mortgage, only pays off the interest and the amount borrowed stays the same I have a feeling I should know this :)
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btl rates
anyone have any good btl rates all the rates i get seen to have a massive 2.5% fee attached!!
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Surrendering endowment
I have a 17 year endowment policy with standard life which I bought in 1993 and it matures in November 2010...3 years time. It was initially bought to pay off the interest only side of my mortgage which was £54,510. However SL told me there would be at least a £10,000 shortfall...oh goodeee!! So I took action and added the…
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BTL only for the rich now
http://news.bbc.co.uk/1/hi/business/7083446.stm Looks like its all over for btl and are we surprised
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Mortgage quandry
I've just had a letter in from Northern Rock stating my 5 year fixed interest rate deal will end in December. The rate will then switch to their standard variable rate and in doing so will jump about £150 per month. Had I still been in full time employment I would simply get another deal from NR or somewhere else, but I…
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What does "no fees" mean for a remortgage?
I've just switched from YBS to a base+0.04% with Co-op. This was advertized as a "no fees" mortgage. Having just completed, my summary statement from the CoOP nominated solicitor shows Bank Charge 30.00 +5.25 VAT Land registration fees 30.00 + 0.00 VAT Now given the saving I'm making that's well worth it, and the process…
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When do mortgage repayments start?
So, as I understand it once the property has been valued ok the mortgage company will go ahead and give me a mortgage offer. I then take their offer, complete the purchase, sign contracts etc. At what point does the mortgage actually start though, and when would the first payment be due? I put down a preference on my…
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Interest only mortgages
I would be interested to know how people with this type of mortgage the plans they have for the repaying of the capital.years ago often it would be an endowment but seeing the dreadful press they have recieved I guess folk are figuring a different way of tackling this.
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Interest only mortgage Capital increase
I have an interest only mortgage, I have paid all the requested interest payments yet at the end of the year the ammont owed has increased. My mortgage year runs from 13aug06 to12aug07. From Feb 07 I paid £50 above the requested payment but at the end of the year the amount owed was more than at the beginning by £587. I…
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Wanted: Discount/tracker recomendation
Hi, This is my first post and I want to become a rate tart! I'm looking for a discount or tracker interest only product thats going to save me money in the short term (2/3years) over the total product cost over that period fees included, for about £70k with no unfair extended tie-in clauses. I did pretty well with my…
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What type of mortgage?
I'm afraid we're not very knowledgeable about mortgages. We paid off our mortgage early this year ( and managed to get the exit fee back :j ). We have decided we would like to buy a small property now for our retirement in about 5 years time at which point we would sell our current home and pay off the mortgage. The area…
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Mortgage broker feedback
Hi I am about to remortgage and met recently with AWD Home Finance - their proposition for a one off fee (to be advised but no more than 1.95% or about £3000 if I recall correct whichever is the lower) they will bring more competitive mortgages than I can source direct. The fee is a one off fee for life so if I go for a…
