Mortgages & endowments

Archives for April 2008

deposit deposit deposit
the new word is deposit. First time buyers are finding it increasing hard to get onto the housing ladder now mortgage deals are dwindling away. My daughters friend is renting a property and trying to save her deposit at the moment
HSBC Vs Coventry
Help! Our fixed rate term with the HSBC is about to end and we're looking to remortgage. Our new mortgage will be for £40,000. We can get a 5 year Fixed Rate Offset Mortgage with the Coventry for no fee. It allows a 5% per year overpayment on the balance and the rate is 6.25%. The HSBC can also offer a 5 year fixed rate…
Is A One Account/offset Mortgage Right For Me? Help Please!
hi got told if you got savings best to go for the one account but i dont know? my details are im a self imployed builder montly income varies buying a house for £150,000 this october which has a value of £275,000 i have £30,000 in an online saver and in may i will be recieving £40,000 inheritance this will give me a total…
Where's HSBC's 5.39% 5-year fixed gone?
Hi I hope someone can help. I applied for an HSBC 5.39% 5-year fixed rate last Thursday and the Mortgage Manager said that the application was approved subject to valuation. I haven't heard anything since (the MM's gone on leave) but now I notice that this deal is no longer on HSBC's website. Does anyone know if it's been…
I want to help with daughters morgage: how
Me: 45 My house 180k My mortgage 25k (15yrs) My Daughter 27 (yes I did start young) Her partner 30. Daughter is selling her first time buy flat and should have about 10k for deposit. They can only afford a mortgage of about 150k. The houses near them are about 200k to 230k. In my unthinking wisdom I offered to help with…
Mis-sold Endowment mortgage
Hi there I'm looking for some help and advice on behalf of my dad. Over 15 years ago he went into a high street bank to take out a mortgage. In the hype of endowments he was sold an endowment mortgage, which he was advised at the end of the term would cover his mortgage and pay off his house. After phoning last month to…
HELP! woolwich didn't change my monthly payments...
... even though the base rate went down .75% since the start of the mortgage (Jan 08). Is this normal? Has it happened to any of you? The offer / contract says new base rate will take effect with the 1st of the following month - how annoyed am I!! I tried to call today but they were closed. Advice pls? x
Is it worth appealing mortgage decission?
We were due to complete on remortgage in a few days, all paperwork done and solicitor applied for money. A few days ago mortgage company pulled mortgage on us as they said wrong product had been offered as we are in IVA. We were borrowing extra funds to do full and final on IVA. Yesterday we were told ( by broker ) that…
Can you use 2 mortgages on one house?
Hi, Can anyone tell me if it's possible to combine 2 mortgages on the one property? We have 2 mortgages at the moment on 2 properties, but we are looking to sell them both and would like to use both mortgages on a new property. Is this sort of thing possible? I know it's possible to 'port' a mortgage over to a new…
Mortgage Advice/Advisors/brokers
Sorry not sure if this is the right area for this or not. I am going to be looking for a fee free (preferably) whole of market broker/advisor, as soon as possible. Does anyone know of any in the Derby area?
Simple question..
I'm sure it's been asked many times.. Is it possible to get a mortgage from a bank abroad, in a country that has lower interest rates, for a property in the UK? Regards, Mark.
Withdrawal of mortgage offer
Hi Has anyone had this problem. Our current mortgage deal with C&G runs out at end of May. We need to borrow extra funds, so decided to shop around for another deal. C&G came back with the best deal for us which is a tracker with no redemption penalties. They gave approval for the additional funds there and then without…
Anyone got applications going to WAVE?
Merrill Lynch has confirmed that its UK subsidiary Wave is temporarily suspending new lending. A spokesman for Merrill says: “We are temporarily suspending new lending as a result of little sign of recovery in the securitisation and whole loans markets.” The lender says this will involve "restructuring" but would not…
Mortgage Term Query
I originally took out a mortgage over a 25 year term - due to end 2016, I have moved house twice and re-mortgaged 3 times, not extending the original term of the mortgage however I notice that my mortgage seems to have an additional 3 years added to its term. I guess when I re-mortgaged the term was rounded up - can this…
mortgage application worries - beacon
Hi all, after going though L&C my DH and I have now applied for a mortgage with beacon. The mortgage is for £70k, house is worth £105k. We're buying it from my father, who is gifting us the equity in place of a deposit. We've sent off tax credits award letters, child maintenance letters and proof of disability living…
Paid for two valuations and still no mortgage offer
Hi all I am wondering what I should do - I have had some illustrations from lenders but the offers fell through, three in fact through different brokers. I am now being asked by another lender (Platform) to pay for a valuation upfront and I and the broker don't feel this should be necessary, since they use the same valuer…
HSBC non refundable product fee
Can anyone help? HSBS are currently offering a 5 year fixed 5.39% mortgage with a product fee payable upon application. This fee is non refundable, when i spoke to someone from HSBC today they informed me that i had to pay this fee on application. If my application was rejected for whatever reason then i would loose the…
Small remortgage and fixed rate - problems?
I'm in the fortunate position of being able to overpay my current fixed rate (5.89%) mortgage with C&G and would be able to pay a big chunk off when it expires next May (09). I've already repaid a lump this year so that is my maximum without penalty. This will leave £10000-£15000 which I'd prefer on a lower rate than…
fixed rate or not!!!
Hi :confused: :confused: :confused: can anyone please advise. We are raising mortgage for our new business. we have raised 2/3 through a buy to let mortgage on a spare property we had which was originally paid by cash. The other 1/3 from another commercial mortgage. Obviously both are more expensive then a normal mortgage.…
fixed rate or not on mortgage???
Hi :confused: :confused: :confused: can anyone please advise. We are raising mortgage for our new business. we have raised 2/3 through a buy to let mortgage on a spare property we had which was originally paid by cash. The other 1/3 from another commercial mortgage. Obviously both are more expensive then a normal mortgage.…

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