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Survey querie
our house is worth between £180k -£200k we currently have £40k mortgage and have applied to remortgage with another company as our deal is finished soon and we want equity releas as well , so new mortgage is for £80k. We are looking to pay our debts with teh extra money. We had mortage promise and yestedray Mortgage…
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Mortage advice needed for temp employment
Hi, Can anyone offer me some advice please? My partner and myself hope to move house soon probably putting my property on the market next month. We are both employed earning about 17k each a year I have been with present employer for over ten years my partner is on a temporary nine month contract and has been with employer…
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HELP - pay off 130k mortgage
My wife and I have a 130k interest only mortgage at 5.9% APR. We had planned to start paying off the mortgage when my wife returned to work when the kids were older. Unfortunately my wifes parents died recently and have left us 140k, we want to know if it would be best to pay off our mortgage or to invest it elsewhere? We…
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Lowest the mortgage rate has been in last 2 to 3 years
Hi, Can anyone remember what the lowest average mortgage rate has been in the last 2 to 3 years? Trying to decide whether to go for a 10 year fix or not and look at how much over the odds I might pay if mortgages were to go down to the lowest point they have been in the last 2 to 3 years. Need to know lowest fixed or…
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Access Broker Services closes
Secured loan master broker Access Broker Services is believed to have closed down, making all staff redundant In a meeting at 10.30am this morning in the firm’s Glasgow head office staff were told they were being made redundant. A member of staff told Mortgage Solutions: “About 30 of us were called into a meeting and told…
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Job lost during mortgage application, HELP!
Hello guys, Sorry to disturb you once again! If you have seen any of my other threads you will know how much I want to move! Firslty my DH and I bought a new build flat that we later found did not compy with planning permission or building regulations. After a long hard slogg we have finally found out that we can sell and…
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BM pulling out of Subprime Self Cert
Outch outch outch....... http://www.mortgagesolutions-online.com/public/showPage.html?page=743114 BM pulls self-cert sub-prime BM Solutions has confirmed it is to pull all self-certification sub-prime mortgages from Sunday. A spokeswoman for the firm said the range had been pulled to reduce business volumes, and noted BM…
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When to remortgage?
Our 3 year fixed rate deal runs out in Sept, and I was wondering when to start looking for a new deal. My current thinking is to start investigating around June time, probably returning to the broker who sourced our current one. If i leave it too late I'll revert to the Nationwide BMR.
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Intelligent Finance lowers its LTV to 90%
Have a read here http://www.mortgageintroducer.com/ccstory/220093/4/IF_trims_LTV.htm
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Getting a second mortgage
I've seen a house I like which is up for sale for roughly £200,000. Unfortunately it is a repossession and I've been told that the bank won't consider an offer unless my property is already under offer. There is no way I could sell my house quickly enough, so I'm interested in finding out if there are other possible ways…
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Right to Buy... Remortgage... HELP!
Hi guys. Long time MSE.com reader, new forumite here! I was hoping someone could help me with a pickle i'm in. Okay, so in February 2006 we started our Right To Buy claim and in January 2007 we completed. However, we went through one of these Right To Buy mortgage sorting companies called Your Right 2 Buy (UK) LTD. In the…
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Will a bank such as Halifax allow this?
Hi there, I am enquiring on behalf of a friend. She has a 250k house with only a 30k mortgage on it, so basically a lot of equity there, has about 17 years left on mortgage with halifax. She wants to build a new house on a site which she owns, but doesn't have the cash to do so, will cost about 120k. What she wants to know…
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Mortgage Adviser/Financial Adviser
Hi folks. Whats the best way to find a reputable financial adviser? Its pretty urgent and the broker I have paid and have been using has let me down terribly. Can't get any recommendations from anyone so is there some sort of 'directory' I can consult? Thanks...
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Sub Prime Mortgage
Due to partners past credit problems (2 defaults, totalling £700 which were satisfied 13 months ago and a current IVA) the best mortgage we can get, according to our broker, is 7.25% 2 year fixed rate with Future Mortgages. Would going with a sub prime lender be deterimenatal to our credit rating? Or, do you think I should…
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How much will a lender ... lend me ?
HI I am looking to buy a house that is 195,000 I should have about £25,000 as a deposit on sale of current house My partner and I have a joint income of £32,500 Does anyone know of any lenders in the current climate that may lend £160,000 The comparison sites I have tried don't seem to indicate that they will thanks
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Quick advice on new deal
Good Morning- Our three year deal with Coventry comes to an end this month. For many reasons we are not in a good position to remortgage right now although this may change in 12-18 months time. Interest only on £140,000 we have been paying 6.09% They have offered us a new fixed rate of 6.49% until June 2011. There is a 4%…
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Shared Ownership Mortgage + Additional Borrowing?
Hi I've had my shared-ownership flat for 15 months now. 34% is owned by a housing association. It's 100% value has since increased by 25k. My mortgage is with RBS but i desperately need to borrow an additional 12k (approx) to clear credit cards/loans - mostly money i spent buying and furnishing this first property. Problem…
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Abbey National Case Identifiers
Hi Can you tell me what region an abbey national intermediary reference starting with AX represents. Ta J
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mortgage help needed
i am still waiting for my mortgage offer. valuation was done yesterday and i know they have credit checked me cause i had a look on experian. does anyone know if they only do valuation when they have decided to lend the money. they haven't asked for payslips but the kfi states mortgage is self cert due to oh wages being…
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How does the interest vs repayments work on a mortgage?
Hi Let me just rephrase the question a little bit. I've just been able to buy a house but took the Interest Only mortgage for 2 years fixed (borrowing for 25 years) . After the two years I will definitely go on a Repayments Mortgage when I remortgage. But my question is, does anyone know how this works? I mean, are my…
