-
Mortgage Lending Potential
Hi, I was wondering if anyone knows how having a pot of savings such as £30-40k can affect your mortgage application if you are willing to move it into say, a CAM or offset of some sort? Does it increase your lending potential or have no effect? Or would it only have an effect if you offered it as a deposit? Thanks
-
Can a mortgage lender charge you for their error?
I am asking this question on behalf of a friend with no internet access. The Halifax building society wrote to him last week saying they had underchrged him by £236 since last January. They failed to raise his monthly repayment when rates when up. Now they want the money. Does he have to pay? Thanks.
-
Do you have to use the lender's surveyor
Am hoping to arrange a mortgage in the next few days and will probably go for a 'house buyer's report'. Can anyone tell me - do I have to use a surveyor on the building society's panel or can I choose any chartered surveyor? Obviously this isnt any good if their report is not acceptable to the BS but I wondered what the…
-
Sorry, put this on the wrong forum (my first time!)
Please ignore this - wrong forum
-
Fixed vs Tracker
Just about to buy a new house. Currently have one with the mortgage almost paid off. We have always gone for fixed deals in the past but I have read quite a few reports over the last few weeks suggesting that rates have peaked and the only way is down for now. Does anyone know of good sources for predicted base rates in 6…
-
Should I remortgage?
Hi there, Can anyone offer me advice on whether i would benefit from remortgaging my existing property. I have about 6 years remaining to pay off my mortgage which is approx £30000, in my opinion the mortgage product i currently have is the basic one, Interest rate is 7.75%. Im contemplating remortgaging but do not know…
-
First time Buyer - Where to start!!
I would like to buy my first house, I haven't found one yet, but in the area I am looking in, would be looking around £100 000 to £120 000 for a 2 bedroom house, there is just me and I currently have savings and investments of just over £30K, (£9.5K Cash ISAs, £5.5K S&S ISAs and the rest online high interest accounts). I…
-
Discussion Time: BTL's versus housing shortage
This should get some juices or flames going ;) Statistically about 12% of mortgages are BTL or something like that (not 100% sure on the statistics). So if there were no BTL mortgages at all would there be no housing shortage? I dont think so, as many people who want property are all singles. In the olden days people got…
-
Abbey Mortgage repayment fees
Hi I recently wrote to the Abbey to question my last 2 MEFs. I was charged £99 and £225. Their response was that yhey were correctly charged as it stated this in the terms of the contract. So tough!!! Should I still pursue this as we known that the charges are heavily loaded against the actual cost to Abbey? Appreciate any…
-
Need to give a Rant
Right now I am really depressed and its because of the customers I see every day in my bank. So many are in great debt and some behind in their mortgage payments. My customers tell me that they thought they were on fixed rates of 2 or 3 years, but in truth they are on either short term discounted trackers or plain trackers…
-
remortgaged
To MSE Martin Lewis - how can i get 2005 October interest rate copy from abbey national pretty please thanks
-
Good Credit + Poor Credit = Joint Mortgage?
My partner currently has a £76k NatWest mortgage (which he has never defaulted on) plus various loans, credit agreements and cards totalling a approx £25k debt (which he has defaulted on many recently). Needless to say, he's struggling on a £19k + £4k overtime annual income (approx £1500 take home pay each month). I have a…
-
Principality BS - Mortgage
Guys, Just had an offer accepted on a house, now were currently with northern rock on a fixed which were going to buy out of. Has anyone heard of principality bs, they seem to be doing an outstanding rate fixed for 5 years with a crazily small fees (0.5%). Is this the right thing to do? Or should i be warned off it in some…
-
First time buyer
I know you guys must get loads of these sorts of posts but I am interested in buying a house/flat. I recently graduated and have been working for over a year in the NHS. In this time have have made my way up the ranks a bit and have a half decent salary for a 22 year old. Currently my basic pay is just over £20k but…
-
Which is the best mortgage product?
Hi I’ve just had an offer accepted on a flat and have spent this afternoon trying to work out what is the best mortgage product to suit my needs. No easy task! Having spoken to a couple of Brokers and scoured the websites I have narrowed it down to two products and I would be grateful for any opinions/views people may have…
-
Pension plans - How do they pay my mortgage?
I note on another thread that Pension Plans are the most tax-efficient way to save to pay off my mortgage. What I'd like to know are: 1) What are the costs? 2) What happens to the pot of gold if: ...a) I die before retirement? ...b) I die during retirement? 3) If I need a lump sum at any time, can I get it? GG
-
Cash endowment to create overpayment?
Hi all, we'd be grateful of your advice. We already overpay our mortgage and are pleased with our progress. We are looking at other ways of getting money to make overpayments and have an endowment which we've kept from our previous house. The endowment costs us £60/mth and will pay out the year our daughter is 18 (17 years…
-
Mortgage and Ex... Help!!
Hi there, any advice here would be much appreciated. My mum is currently living alone with her son following divorce from his dad 8 years ago, in the family home. This house was bought off the council for a reduced figure 10 years ago with the mortgage taken out it both her's and her ex-husband's names. Since he left, mum…
-
Advise on 2nd Mortgage,,
Hi, I was wondering if I could do the following but am not to sure how it works?? I own a flat and am looking in to moving in to another place. First thing I need to do is change my mortgage in to a buy to let mortgage. Am i right in thinking you need to have already paid 25% of your mortgage to change to a buy to let??…
-
Woolwich 0.19% above BR
Hi everyone. I have finally sold my dud endowment and am now ready to remortgage to full repayment. Current status: Loan £77k Currently with Woolwich on a part interest only and part repayment. Woolwich will accept a no fee overpayment of £10k (from endowment sale) which brings our mortgage down to £67k and transfer the…
