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Mortgage if working abroad
My husband works abroad and is paid in US Dollars. I am a housewife with no income. What is the likelihood of us getting a mortgage? He has a reasonably high income. Do you think we would be best going to our own bank as they know is well and can see our history of saving and income? I have been told that we may struggle…
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After mortgage arrears
A question for a chap at work after mortgage arrears how long does it take for them to be "in the past" enough to get a remortgage (if he stayed put and did it up) or new mortgage (if he sold, and moved on) he has in his own words dubious credit history but has bucked up his ideas and sorted himself out. I would have said…
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Repayment BTL mortgage
My current buy to let mortgage is just an interest only mortgage. Can you have a buy to let mortgage thats a repayment mortgage?
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Remortgage - interest in advance or arrears
Hi, I completed a remortgage on 7th Nov with the co-op. My monthly payment date is 1st of the month. 1st payment is approx 1.75* subsequent payments Interest is calculated daily This was a little unexpected -- I was expecting to pay 0.75 on 1 Dec for the period 7th Nov - 31 Nov. I guess it means the borrowed amount is the…
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Mortgage completion - No FEES means?
Hi, I've recently switched to a "no fees" CoOperative Bank mortgage, but on the final statement sent out by the company nominated solicitors are 2 fees a) Bank Charge 30+VAT (This was not for repayment of any balance -- this appears to be for mortgage itself) b) Land registration fees £30 Now as far as I can see both of…
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Selling Endowment on the open market
Can any one shed some light on Unit Linked endowment policies, I am told that the price will be the same as the insurance company is quoting. Is this right or are there any other avenues. rgd seb
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Mortgage arrears fees - please help / advise!!!
Hi, We have just re-mortgaged, and had some mortgage arrears early on in our old mortgage. Having received closing statements etc, whilst re-mortgaging, we realised what these amounted to - it's scary.:eek: Our lender charged us £50.00 a month as an arrears fee, and we have accrued a fair few of these charges. Does anybody…
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Not happy - can they do this? (a rant)
I contacted a broker called L&C and said I wanted whatever the mortgage was with the lowest set-up fees. In the key facts illustration They recommended Scottish Widows, fee-free, with £300 cashback (although the legal fees would only total £250 if I used their solicitors). They told me they would be NO VALUATION, NO SET-UP…
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Oh my goodness!!
:eek: Well, I am about to put the final touches to a mortgage application. I am building a house, which is horribly complicated but a cheap way to get a beast of a house! My savings covered purchase of land, initial deposit for house plans and kit, planning permission and building warrant. Now I need £90000 for the rest of…
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Was set on a 3yr fixed rate but now considering tracker
I am a first time buyer and after research over the past few months was pretty set on going with a 3yr fixed rate deal. However, with all the talk of the BOE dropping interest rates over the next year (possibly multiple drops) I am wondering whether a 3yr tracker might actually be a better option. I will be borrowing about…
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Another lender in trouble? Paragon BTL
Shares are down 40% in early trade. I believe they're having problems securing funding.:rolleyes:
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Joint ownership with child question
I'm hoping someone can help answer my question. To help my daughter get on the property ladder I am considering investing in a joint-ownership mortgage with her on a 50/50 basis. I have paid my own mortgage off so would either need to re-mortgage or take out a new mortgage with her. The house we are looking at is £120,000.…
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Northern Rock Together - Remortgage
Has anyone recently remortgaged from one together mortgage to another? Our 2 year fixed rate together mortgage is almost up, and we're wanting to continue with the product. However, the best fixed rate they seem to have is 7.69% - which would put our payments up £200. We have no issues with switching, but our unsecured…
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Nationwide remortgages - £100 discount on arrangement fees?
My two year Nationwide tracker is coming to an end this month so before making appointment to see them, I did a bit of researching. Phoned up Tesco and the helpful guy said it was common for Nationwide to give existing customers £100 discount off any arrangement fees. When I asked about this discount at my appointment,…
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How to calculate mortgage payments / amounts???
I am currently in the processes of sorting out the re-mortgage for my house and have several different quotes which all appear to be similar. It looks like i may be putting the admin fees onto the loan rather than paying it up front. Is there any way / is there a site that will help me figure out which mortgage deal will…
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FTB advice on joint application.
Hi folks,Looking for a bit of advice and opinions here.Me and my girlfriend, both 22, are looking to buy a house in our local area. Houses are selling for around about the 90k mark, mainly offers over 80k anyway.We propose to put down £5k. (though this may change to 8)Combined we earn just under £28k per year, applicant…
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Sell or Re-Mortgage?
Hi, Myself and OH have a property with no mortgage on it valued at £65000. We were thinking of selling it and using the money to pay off unsecured debts totalling £22000 and using the remainder to put down a deposit on new property and invest some. However, we have since thought about taking out a 75% mortgage on it and…
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Arrangement fee
I found this site and it got me thinking, about 5 years ago I added £5k onto my mortgage with Northern Rock (I know that goes against all principles of this website but with that £5k I added £20k onto the value of my house and promptly sold it) At the time I was charged £299 arrangement fee for this. Can I claim this back?…
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Fixed or Tracker Mortgage
Hi Been offered the following: 6.74% tracker mortgage for 3 years (payments can fluctuate). £799 arrangement fee. Valuation Fee - £140.00. Or 6.99 Fixed mortgage for 5 years. £999 arrangement fee. The valuation is free of charge. Can you give me ideas of best option? Thanks Mark
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Mortgage Broker Closed Down by FSA
Looks like the FSA are starting to get tough, there must be a few sub prime brokers getting worried now. http://news.bbc.co.uk/1/hi/business/7101867.stm
