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Mortgage advice
Me & the mrs are thinking about buying our first home together (I currently have a small flat, which isnt suitable for various reasons) the problem is the I think our (well her) sights are maybe set a little high. Our circumstances right now are shes in a lowish paid admin job & my salary isnt too great as im still an…
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Directline Fixed Rate - Advice needed
I have been offered the following remortgage deal with directline. I currently have an interest only mortgage with Northern Rock that I'm desperate to get out of. Could anyone possibly comment on whether the following rates seem ok? 95% Properties Estimated Value 5.69 % for first 5 years. 1.5% (currently 7%) abover tracker…
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Tracker rate to more than double on Friday!!
Hi, My current deal comes to an end in March so I rang my current Mortgage provider to see what they could offer. The best mortgage (for me) that they offer at the moment is a 3 yr Base Rate Tracker at +0.4% (Currently at 5.9%). This is especially good as there are no fees at all. Now this sounds like a pretty good offer…
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adverse arrears
Hi everyone I am a new member,happy new year,I hope someone can help me I have had arrears for dec 07 and nov 07 during which time i was trying to set up a direct debit rather than pay manually.Today I cleared the arrears but was told that I could not apply for further borrowing (home improvement)until after 12 months of…
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Should I change to "Interest Only"??
Hi I am currently changing products with my current mortgage lender. I own two properties, one is worth £260,000 and the other is worth £70,000 and is an investment property which I let out. My investment property is in an up and coming area and the expectation is that the value will double if I’m prepared to wait a few…
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An equity transfer conundrum: do we have to pay twice?
Greetings, money savers, and a happy new year. I'm interested in anyone's perspective or experience of the costs involved in having one party's name removed from a mortgage agreement and the deeds a property. It's following an amicable break-up (so no stress there) and one party leaving the country (potentially complex…
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Since when does 2 years equal 22 months?
Hi, Myself and my partner bought a mortgage with a preferential rate for 2 years in February 2006. We were made a formal mortgage offer in Dec 2005 but did not take up the offer (or recieve any funds) until February 2006 due to delays with the chain. Thus we began repaying the mortage in March 2006. However we recently…
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The effects of joint finances.
My credit history is good, my partners is very bad. If we get a joint mortgage, how will this realistically effect me? I know we will be linked financially... but if I apply for credit, will they actually search his credit file too, and potentially reject me on the basis that he is bad at paying things back? Even though it…
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Can I get a Mortgage to incorparte my loan
Hi I am currently looking to buy my first house, however have quite a big loan, which I pay out about £300 a month. Ideally I would like to incorpate this into my mortgage but I dont know if this can be done. any help would be grateful Thanks Jo xxxx
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Endowment Advice please
Hello, I am hoping that someone could give me advice on an endowment policy I took out with Royal Life (part of Royal and Sunalliance now Phoenix) in 1997. I have been receiving shortfall letters for the last three years. Having had my claim on misseling rejected by the Ombudsman, I am now at a loss as to what to do with…
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Did A & L reduced Mortgage interest rate
Did A & L reduced their mortgage interest rate( to reflect recent BOE rate cut) for those who are on their tracker mortgage Thanks
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Sub-Prime Mortgage
Hi, Background - my credit file looks good, my partners is horrific. If by some miracle, someone is willing to give us a mortgage, it will clearly be a sub-prime lender. Will future potential lenders (eg credit card) looking at my credit file be put off by the fact that I have a mortgage with a sub-prime lender & are they…
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Selling house re-mortgage options
Hi all, New to the forums, and am hoping that someone can give me some advice? My introductory period for my fixed rate repayment mortgage ends in June and then goes to variable, but I want to sell the house before then. If I cant sell in time can anyone adivise me of the options that I can take that are the cheapest. I…
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Stepped Fixed or Tracker?
My head is so full of numbers I've actually started confusing myself trying to decide which product to take. Ideas and opinions would be much appreciated. House value: £300,000 Lender: Yorkshire BS Outstanding mortgage: 150,000 @ 4.39% Remaining term: 13 years My current rate comes to an end TODAY so I'm about to sign on…
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Help I am trying to remortgage as a sole customer
Please help, I am trying not to get ripped off. I have a very limited time to remortgage my house after a court order a couple of weeks ago where I have managed to buy my ex out of his half of the house and now have to come up with a viable mortgage to take it over in my sole name. Unfortunately I was not the wage earner…
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Excess interest scandal when redeeming an offset mortgage
If you have recently redeemed, or are about to redeem, an offset mortgage, beware of lenders who 'forget' about the offset in the last part-month of the mortgage. I recently redeemed a fully offset mortgage, so I was surprised to find that the final redemption balance (excluding the unlawful redemption fee) was…
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Mortgage Exit Fee - Refuse Payment ?
I challenged my mortgage lender to justify repayment/exit fee of £95.They said they had to charge it as Land Registry invoices an administrative fee for removing the charge on a property.(this was the only reason they gave for charging the £95).I contacted LR and they said there is NO FEE for removing mortgage lender's…
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Please help with mortgage and shifting £3586.11 amongst my four cards.
Hello and may I say Happy New Year to everyone.Thankyou also to all the help in claiming back bank charges a while ago. Here's my finances. House valued at £110,000. Mortgage with Barclays £39800 at 4.99% fixed until May 2008 £249 a month. Mortgage reserve facility £5700 at 0.66% a month. (spent £5200). Barclaycard £0.00…
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Lenders offers have small print which gives them carte blanche
Are there any circumstances in which lenders cannot withdraw offers? The purchase process can, as we all know, involve much time and expense on the part of the potential borrower - surveys etc... ..and then the lender can always withdraw at any time without so much as a by-your-leave?
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Endowment Mis-selling Question
I have five endowment policies currently with Winterthur. They were originally purchased through Colonial Mutual, before they were taken over. 2-3 years ago, I went through the complaints process (on the basis I was mis-sold) but my complaint was thrown out. During the summer, they wrote to me basically asking if I would…
