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Another 100% Lender withdrawal - Mortgage Express
Mortgage Express are withdrawing all mortgage deals and products over 85% LTV They have issued the following statement: In recent weeks we have seen a number of significant changes in the market, most notably lenders withdrawing from segments of the market, or repricing their deals significantly. As a result we have seen…
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Advice
Hey everyone. Me and my girlfirend are looking to buy as we are currently renting. We are first time buyers, she has poor credit and mine is fair. Where should we start? We're both complete strangers to mortgages and how they were work. I understand that we probably can't get a 100% mortgage but who should we look to for…
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Re-mortgage process: Is this normal?
Hi, Sorry if this is longwinded! I am re-mortgaging from Frist Active to Woolwich (Barclarys). It's being managed by a solictor acting on behalf of the bank, I think this might have been my mistake. The remortgage was planned to go through on 22nd Feb and I got a letter dated 26th saying it should all conclude in the next…
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Mortgage Advice
I obtained a mortgage before I went off to study at university and have lived off savings and a very small bursary for the last three years, so have kept up all payments and I am fed up with baked beans!. I am due to graduate this year and relocating, the problem is that they require three months worth of pay slips before…
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Axa Endowment - What Should I Do ?
Hi all Any thoughts welcomed... 18 year unit-linked endowment taken out with Axa in April 1997 (as a top-up), now no longer needed for the mortgage it was meant for. Cost - originally just under £47 pm, was advised after 4 years to increase to just under £52 pm to prevent shortfall, and did so. Sum assured and 'target…
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Meaf Success
Used the template and sent to RBS.Our original fee was £75 - we were charged £225.Within a week of receiving my letter they refunded £150!!! thank you.:beer:
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Money into mortgage or not?
I hope I have posted in the right place. I am to receive a gift of £10,000 from a Grandparent and I need some advice on what to do with it. I am due to move into my new house in May and am unsure if I should use the money to reduce the mortgage or save it? The current mortgage would be 70% LTV before putting in the money I…
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Lump payment into Mortgage
Hi All Fixed rate coming to an end this month with the Halifax. Will have about £122k left. I have about £45k that I can use to pay off a major portion of the mortgage. As it’s a large amount the bank says the only way to pay such a large amount is to let my mortgage run into the SVR and pay off the $45k so I don’t incur…
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First Direct 2 year offset mortgages
Hi I hope someone can help, but I'm confused by the two options for 2 year offset mortgages offfered by First Direct, why does the one with the higher charges come out most favoured on mortgage searches (i.e. the top one below)?? I can't work out the difference, but am comparing the two year with the five year and don't…
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Please throw some insight into this
asking for a friend of mine she's with A & L for the mortgage for her home and this just near the end of the first year. According to mortgage offer, she could pay upto a max of 10% without incuring a penalty every January until the fixed tie is over. does this 10% go off the principal mortgage value or just as SOME…
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mortgage
could any one tell me if there is a way to get a mortgage ,being self employed ,but on the personal side ,in a dept management scheme, any info would be greatly appreciated .:j
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Northern Rock and All that
Hello Peeps, Just lookin for some helpful advice please. I have a mortgage with Northern Rock 4.99% fixed until July 2009. Mortgage is 118000, house worth about 125K so 95% mortgage. Only bought in October. I have three part-time jobs (and 2year old lol) I earn 15k from two of the jobs combined and another 6K from self…
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Possessory title
i bought a house approx 18 months ago. In the middle of the garden there is a very small strip of land that is not registered to anyone, the end bit is registered to the house. (The garden had been extended twice). I was advised by solicitor that this was prob because they were lost as previous owner lived there for 28 yrs…
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West Brom 10yr fx 5.39%?worth thinking about?
ten yrs 5.39 fx.mortgage of £155000 24yrs left, no plans to move although portable with overpayments of 10% a yr allowed.if you base the rate over the last 20yrs overall even with the previous 2/3 yrs at a 30yr record low to me you would still workout in pocket so to speak.would i be right in saying this and any other…
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Quick question about my mortgage
I am 2 years into a 5 year fixed rate repayment mortgage at 5.29% from Halifax. Annual statement came today and it's a bit rubbish to see we have only paid interest and virtually nothing off the loan. We took the mortgage out over 34 years as we needed lower payments at the beginning, as 1st time buyers, we had nothing!…
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had valuation done what happens next
our valuation has been done today on property we want to purchase does anyone know when mortgage lender will start to ask for proof of income etc or would they have gone straight to employer. alos as halifax have got valuation done is this a good sign we will get mortgage offer. we did get a mortgage offer in principle but…
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Help - remortgage due soon & poor credit history
Hope somebody can help. Have 110K mortgage on 190K house but NR fixed rate ends next month. Need to borrow 4x income but have single bad mark on credit file - I know I checked after watching Martin on TV. Missed 1 mortgage payment when bank cancelled direct debit without me knowing & didn't tell me for 6 months. They would…
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fixed rates advice please
need to remorgage now i have been offered a b2l fixed rate of 5.89 for 5 years, would be 958 per month, arangement fee of 799 or i can go for a tracker which is 1.25 above the baserate currently 6.50 tied in for 12 months with the option to fix after the 12 months, my question, is it worth taking a risk and going with the…
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Help please - endowment - to cash in or keep?
Hello. I hope i have posted in right place, if not i do apologise, i am quite new to this. was hoping that maybe some financially minded people might be able to help me out. i originally took out my mortgage with an endowment, value of £20,500, over a 25 year period. I have since remortgaged and i am now repayment but have…
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Norwich Union Endowment
Dear All, In 1994 I purchased my first property having been persuaded by Fairbriar Homes' sales representatives and mortgage brokers to take on a 25 year endowment mortgage. I have been paying £97.01 every month since then. I have recently received correspondence from Norwich Union advising that I will be entitled to a…
