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Anyone heard of discounts on Product fees?
Hi There, Have been to several high street Building Societies/Banks and they all charge high fees on the best mortgage rate deals, usually around £500-£2000. am looking for the best 2year fixed rate deal. Has anyone succesfully managed to get a discount on the product fee and if so from which source. Also, in your…
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Half Buy Half Rent
Does Anyone Know If You Have Already Had A Mortgage And Have To Sell Becuase Of Debts If You Can Half Buy And Half Rent Still???
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To Fix or to Track? - that is the Question, an Experts View pls
My 3 yr fixed is coming to an end on 31st March. I've had fixed for the past couple of mortgages as I like the predicability, however it appears Interest rates are set to come down so its been suggested I should get a tracker. Do any of you experts out there have any thoughts ? Once I have a feel I'll be able to sniff out…
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Remortgaging for first time, help!
Hi all Looking for some advice, sorry of I seem like a total thicko. :o We had a mortgage for 5 years with Standard Life for our first house and then moved we home ( linked that with our 5 year tie in with Standard Life)and the whole change of mortgage was linked in with our house move and solicitor fees etc. There was a…
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Offset small mortgage?
My mortage is around 35k with 11 years left to run. I'm currently on a good fixed rate which expires at the end of March. My bank (Barclays) have suggested an offset mortgage as I have 25K in savings. They have suggested the motgage will be paid off in 4 years?? Surely this would involve me ending up with no savings. It's…
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What kind of mortgage should I buy?
We have found a 1920s semi that we would really like to buy. It is in need of a major renovation (windows, central heating, possibly wiring) and we would want to extend (planning permission depending...) The question is what kind of mortgage to get. Normally I would look for a 2-3 year deal with no early repayment…
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Self Cert Mortgage Advice Please
Afternoon, I have spent much of this morning reading this board for help but am still unsure. Me and my wife are looking to move house. Our mortgage is currently with Halifax, full status. Since we got our mortgage, my wife no longer is at work and I am employed although I own the business and am not on PAYE. My income…
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London & Country
My wife and I are about to put in an offer on a house, which if accepted will require the big step of looking into mortgages. I would be very grateful for any MSEers opinions of L&C as a mortgage broker, as I have heard some negative things, despite it being the top choice for Martin & MSE. Please let me know what you…
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Mortgage Application
Hi Please can someone tell me why a mortgage lender requires your last 3 months bank statements to agree to additional borrowing? I am told it is to confirm that your salary is deposited into a UK bank account? Are they also looking at what you spend your money on? Thanks.
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4K to get out of my mortgage
We had to move house last year but had to "break out" of our mortgage - we were 1 year into a 3 year deal). The lender charged us 4K just for cancelling the agreement - can they do this???:confused:
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Changing Name on a C&G Mortgage
My wife has a joint C&G mortgage in her sisters name and her own name. All we want to do is change the names on the mortgage to my wifes and my name until we can later afford to buy her sister out fully. However after calling C&G we have basically been informed that to do this we need to start a new mortgage application…
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Advice on Mortgage, Rent and Loans
Hi, I'm looking for some advice on the best way to move forward here. I'm currently renting with a friend. The rent is £500 and my share is £275. Council tax and bills and split 50/50. I have a loan with about 26 months outstanding paying off £169 a month. I would like to buy again and the area I'm looking at has good…
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Bridging Loan/Equity Release
My business partner is selling his house and moving into a wholly owned cottage which is in need of a refurb. Long story short, He is number 4 in a chain and the chain has stalled due to number 1 buyer having mortgage offer withdrawn. Figures are as follows:- Sale agreed and valued at £285,000 outstanding mortgage £210,000…
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Should I surrender the endowment ?
We have a Adaptable Endowment plan with Zurich . Having read articles in the press about Norwich union cutting its rates by 10% , & other providers maybe following suit we are looking at whether the sensible option is to surrender the policy & invest it in a high interest account . Having asked for our surrender value…
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NB 3 bed semi - wise choice atm?
Ive put the deposit down and the house is due to be complete in june. Its a 3 bed semi for £182000 and its located in east lothain scotland. I bought a 2 bed apt at the same site 2 yrs ago and its increased in value by over 30k so ill be putting down a 20k deposit on the house. Is this a really bad time to be buying a new…
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Offset Mortgage Help
Hi I have been reading the Offset Mortgage thread above but am still confused as to whether this is the was we need to go with our remortgage If someone out there could give me some help i would really appreciate it, our figures are, Savings £20000, currently in ISA's at 5% Mortgage Outstanding £144000 Length remaining 32…
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Experiences of FirstDirect (fixed offset)
It seems that offsets are usually made less attractive by higher rates, but FirstDirect are currently doing 2 yr fixes at 4.75% with fees of £1398 or 5.25% + £99 which appear to be market leading. I would tend to pick a tracker to replace my 4.44% fix which is ending soon but these offers look good even against the…
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Building Society Product Arrangement Fees
I applied for a remortage with a building Society, a fixed rate mortgage which had a fee of £485. My online application was accepted, I immediately phoned the internet helpline to advise them that I had only estimated my income as I didn't have my payslips to hand. Was advised that my local branch would contact me to…
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Future Wages
Hi guys, I'm due to qualify as a plumber at the end of this year, therefore i will hopefully will be making a decent wage (instead of being on rubbish apprentice wages). But i was wondering if the mortgage lenders will take into account my future wage or will they want to go with what im earning now? Any help will be…
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Mortgage fron foreign lenders
Hi all, My dad was talking to a friend of his about getting your mortgage from an overseas lender with lower interest rates. The place he mentioned was Japan, which offers low interest rates at the moment. Does anyone know anything about this practice? I'm assuming as we don't read about it in the papers it's not allowed…
