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Northern Rock Re-mortgage
I currently have a fixed deal with Northern Rock due to end May 2nd. Ive spent the past 3 weeks on the telephone to so many brokers (including all the ones recommended on this site) ive lost count and now my brain is over-loaded!! My mortgage with Northern Rock is fixed at 5.04%, repayments of approx £650 a mnth. My…
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Should I pay off or keep my Mortgage?
Not sure if this is the correct cattagory but here goes? I have a mortgage with 15 years left to pay. I have an endowment maturing in April for . I plan to reduce my mortgage by this ammount which will adjist my repayments down to . My mortgage is with Nationwide currently at 6.74% variable. My delima is: 1. Should I use…
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How do I work out payments?
Hi there, Just a quickie ... :j Halifax 2 yr mortgage deal is up for revision in the Summer. Borrowed £107,000 (Interest only) - current rate is 4.99% - payments £405 p/m Current Halifax SVR is 7.25% Can anyone tell me what our payments will go up to? I have just phoned the Halifax and they couldn't tell me ... because it…
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advice needed please
Hi we need to remortgage as our fixed rate is ending the beginning of May. Currently owe £75000 for a term of 27 years, house is worth approx £140000. We need to do some work on the house and so need to borrow more to do this. We have worked out that we can afford up tp £750 a month. How do we find the best mortgage, and…
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Northern Rock Together Product - Help please
Hi, I am currently a Together product holder with Northern Rock, i have come to the end of my fixed term rate and have now moved to thier standard variable rate. I am really concerned that i cannot remortgage anywhere due to 125% value i took out initially and i do not think my property is worth enough to cover the…
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Looking for a commercial investment mortgage ..... (if any brokers can help)
This is for any brokers who might be able to help me with a commercial investment property mortgage. The basic situation is as below : The property itself is a shop with living accommodation above and is currently in a rundown/derelict state (ie. it won't be immediately let). I'll be looking to refurbish it and separate…
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Remortgage with non resident...
Hi... My mortgage is currently in joint name with father (who lives in another property). Fixed rate deal is coming to an end so need to get a new deal sorted out, one lender has already turned us down as father doesn't live in the property so am wondering if this is going to be a problem with most/all lenders. I share…
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Anyone else waiting on a Direct Line mortgage application?
Hello all. I wondered if any one else was in the same boat as us. We applied for a Direct Line fixed rate (5 years at 5.29%) around two weeks ago. They sent us the forms through and we filled them out and sent them back the next day. I phoned to check they received them and they had. They stated our application had been…
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Northern Rock
I see NR has announced plans to shrink it's mortgage book "to encourage redemptions". One way to do this is just by raising it rates in the hope that mortgage holders will start to shop elsewhere. But how likely is it that NR will simply offer to write off a portion of a mortgage if the customer will leave? Say £100k is…
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Principality -- just to make you aware
I decided to fix (thanks for those who advised either way). Just to pass on the info -- it could not have been any more straightforward. Easy peasy. Just require last payslip from both of us. No pressure over taking out additional insurance. Just simple. Great deal as well 5.19 for 5 years fixed.
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There is NO recession!
Top economists do not predict recession Marcel Le Gouais Date: 18-Mar-2008 Four of the nation’s top economists and research analysts say they do not predict a recession for the UK economy. They spoke out at today’s Great Housing Market Debate, in London, hosted by economist John Wriglesworth. Guests representing various…
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Mortgage 30% of wage?
Hi I had just listened to a radio programe and it said something about in the old days the bank used to just lend you upto 30% of your salary. EG £21000 per year so you could borrow what ever £7000 a year in repayments would get you. The reason for this is we are thinking of an exetension which would push are mortgage upto…
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Mortgage in Sole name but both paying half
Hello, The mortgage and the house I have with my partner is in his name only. I pay half of everything but at the time he got the mortgage I was in a Tempoary. Now do I really need to get this changed? On my bank statements and direct debits to his bank account everything is named so it links with this property.. So saying…
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will anyone lend us money in today's market??
hubby and I are next time buyers. we have got 50K to put down on our next house and want to buy a house for 127K. This means we need to borrow 77K. My DH earns just over 15 grand a year and i am a student. I get tax credits and a grant that brings my income to around £6000 not including my student loan. We are seriously…
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A Variation on the same Question
I'm pretty happy for my peace of mind that I should fix sometime soon. Can someone in the know tell me whether the apparent recent withdrawl of cheaper rates is a gradual process of lenders pulling back (and thus is a considered action that could continue for the forseeable), or whether it's just a knee-jerk (in the case…
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Have to make a decision... help!
Hi, We've just been called back by L+C and they've recommended a 5yr fixed deal 6.19% with Bristol and West (free valuation and no arrangement fee), but when we just searched online we found the Skipton 2yr fixed deal 5.49% (220 valuation and 599 arrangement fee). We already have an offer in on a property for 105,000, have…
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Re-mortgage for full and final settlement
HI I'm thinking about a DMP (waiting for the Welcome Pack), but have been reading about full and final settlement offers. I own two properties (one buy to let) and there is around £60k worth of equity in them. (50K taking into acccount LTV). Does anyone know if it is possible to re-mortgage with a view to offering…
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completely stuck - mortgage advice?
I did post this before but put it tonto someone elses thread. Very rude of me. Our mortagage deal runs out end May (currently on a tracker with Nationwide). We have 2 small children (age 3 and 1) and can manage our mortgage at the moment but it would not take much of a rise for us to struggle. I work part time and only…
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who still does 100% mortgages
hi we need to remortgage in a couple of months and would like to get a 100% mortgage original 3 yr fixed is ending in sept, original loan was £95K for a property valued at £100k, rate is 5.59% (cant leave yet or we get charged £2.5K in redemption penalties) we want to consolidate some other debt, so would be looking at…
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Mortgage with Trust Deed
Can anyone advise on the following...Just entered into a trust deed 3 months ago (it will last for 3 years). Where do I stand with mortgages? 1. Can I get one and 2. How does it affect my Trust Deed (and vice versa)? Thanks in advance for any help/advice offered.
