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First Direct Life Tracker?
Hi all, My current mortgage deal will be coming to an end soon - It's interest only, £126k on a house currently worth at least £300k - I've been in the house a while!! Anyway, I have a savings plan coming out next year which should pay off just under half of the mortgage. But I can see some potential life changes coming up…
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Case scenario - advice sought
Apologies if this has been covered in other threads but I'm finding it difficult to search them for the information I'm looking for. I currently have an offset mortgage with Barclays Woolwich openplan and am paying 75 bases points above base rate. This was remortgaged about 6 years ago and I managed to incur no fees at…
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paying mortgage/bills via credit card
Hi People, I was wondering is it possible to pay monthly mortgage payment with a credit card and also is it possible to set up direct debits on a credit card to pay bills such as gas,phone,sky etc... Then pay the full amount off to earn cashback? Also what is the best interest rates these days as my 2 year fixed rate is…
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Mortgage Eligibility
Hi folks, I was wondering if any of you smart people could help me with an issue that I have at the moment. Myself & my GF have been looking for a property for a while. Unfortunately, I have been off work due to long term illness. I'm due to be back within 30-60 days per my GP. So, we put off looking thinking that because…
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Need 2nd Mortgage
We already have a joint mortgage of £50000 ( £286 a month for 4 years then SVR) on a house worth about £120000. We would like to purchase a house for £135000 and need a mortgage/loan of around £60 - £70K. Would we be granted a 2nd mortgage on good deposits/equity. The mortgage needs to have as little fees as possible and…
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best remortgage deals
I'm looking for a new deal not fixed something like a discount off the svr and no fee's
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Remortgage - 5.49%!
Was hoping for some views on this rate... I haven't checked around to see if it's a good offer yet. But it's 5.49% fixed for 5 years with no fees at all! I was asking the broker the names of all the fees I could remember in case it was disguised as a different name e.g. arrangement, legal, survey, valuation, exit, early…
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New application with Nationwide - 3weeks enough?
The transaction for my new house is on the 23rd of this month (3weeks away) and due to delays with woolwich (and finding out that their customer service is pretty bad) i've decided to start a new application with nationwide wich my broker highly recommended for service. The broker reckons 3 weeks is enough to get the…
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Remortgage - 5.49%!
Was hoping for some views on this rate... I haven't checked around to see if it's a good offer yet. But it's 5.49% fixed for 5 years with no fees at all! I was asking the broker the names of all the fees I could remember in case it was disguised as a different name e.g. arrangement, legal, survey, valuation, exit, early…
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Mortgage with a CCJ?
I'm currently looking for a new house and I'm looking for a mortgage. It's a possibility, if the case goes against me, that I'll receive a CCJ of approx £800. I'm currently not in a position to pay this outright. What sort of impact will this have on my capability of obtaining a mortgage? Thanks in advance!
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FPC qualified adviser - how do I check
I am just wondering how I check that a financial adviser has the relevant qualifications? I have looked for the company on the FSA register and it doesnt appear? Anyone know. cheers
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Using a Bank Loan instead of mortgage ?
I have an endowment mortgage and considering cashing it in ,putting it towards the mortgage and paying off the mortgage in the remaining time I have (4 years) The outstanding amount would be £12,000 over four years. I am currently with the Halifax and the best interest rate they offered was 7.49% However,what is to stop me…
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Keeping or redeeming endowment policy
I would be grateful for any help on the following situation: I have an endowment policy with Prudential (formerly with Scottish Amicable). Details are as follows: START DATE: 7TH AUGUST 1987 MATURITY DATE: 7TH AUGUST 2017 BASIC SUM ASSURED: £13066.00 ATTACHING BONUS: £9088.52 BONUS DATE: 31ST DECEMBER 2006 GROSS PREMIUM:…
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mortgage payment holiday whilst clearing cc debts
am thinkiong that if i had a 12 month payment holiday from my mortgage i could clear all exisiting cc debts in that time. I realise I would be accruing interest on my mortgage balance during that time but my only other option is to remortgae and include the debts and then aim to overpay but that doesn't seem an idea that i…
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Fee, No Fee, WOM, Nearly WOM?????
I thought I would open up this old nutshell again as it gives advisors/brokers a chance to help Joe Public understand how we work by comparing our views openly. Lets start with Martins two main MSE premises surrounding mortgage advice: #1; "Are you whole of market?" and "Do you charge a fee"? If the answers are yes and no…
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Am I wasting my time doing CeMAP?
With everything in the news lately about lack of new mortgages, will there be a surplus of CeMAP trained people, who are fighting for fewer jobs caused by redundancies?I work at the Halifax at the moment dealing with broker applications ( I may have spoken to some of you brokers on here! ), would I be best sitting tight…
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settlement question
Did I agree to a settlement to early, my endowment was with standard life, sold to my spouse and myself by Nat West, now owned I believe by Royal bank of Scotland. The shortfall was approx £11,000 but their explanation and their subsequent offer was related to the difference had my morgage been a repayment type. I couldn't…
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Advice on additional borrowing
We're looking to borrow an additonal £5k on top of our mortgage with our existing lenders,but not sure how to go about this. Is this like a new mortgage application and will we be credit checked again? We have a £115 mortgage on a property worth £260k... We're only about 4 months into a fixed term deal with the C&G-I…
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Is a 2 year BTL tracker a good idea at the moment?
It's hell out there! Am trying to decide what sort of mortgage to take out: a fixed or tracker.Our mortgage will be £148,240 (BTL 15% deposit). Best fixed my broker has found is: 5.99% 5 year fixed with £995 fees = repayments will be £745/month.However, there's a Tracker for 5.13% 2 year with £3700 fees = repayments £650…
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Mortgage Security Fees
Looking Back Some Old Paperwork I Found My Original Paperwork From The Halifax For My First Mortgage And From Northern Rock For My Second. On Both I Have Been Chrged Around £900 Each For Mortgage Security. It States In Both Paperwork That They Would Only Offer Me £........ (which Amounted To 75% Of The Mortgage I Needed ),…
