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Is a broker really necessary? Plus what does LTV mean?
Our current mortgage ends this December and so we'r going to try and complete an application for our next mortgage in September - Try and sort it out nice and early! Due to us getting married next year, the Airmiles mortgage from Lloyds/TSB sounds very appealing. But we don't want to get a really expensive mortgage, just…
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Mortgage term
Hello I am currently with Northern Rock and have been since 2001 when I bought this house. (was tied in for 6 years due to cashback) I took out a new deal with them a year ago as it seemed easier than changing at the time.(taking into account the fees and extra paperwork etc) My deal doesn't end for almost another year,…
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Mortgage Charges
Hi, We had a mortgage with a company called GE Money. When we sold our house we were waiting on a final end figure from them showing what we owed. Our solicitor kept pushing them but they didnt reply for a week and when they did they charged us an extra months interest as we had gone over the month cut off date. I wondered…
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Mortgage Madness
:money: Hi Can someone just reassure me. We have just sold our house for 165k. We owe 127k on it. We are in process of buying our dream home for 250k with a £220 mortgage on it. My husbands salary is 35k and mine 28k per annum. We have no debt and have no children. We have been offered a two year deal on a tracker mortgage…
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Royal London and Friends Provident Policies
Hi Everyone, I have read many posts about endowment policies and was wondering if I should be worried about mine. My 1st policy is with Friends Provident: Friends of Provident details are as follows: Last letter received dated February 2008 was my yearly statement for 2007. Matures 24/08/2015 Monthly Payments: £5.13 per…
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mortgage offer withdrawn - fees lost?
After having a surveyor around, Nationwide have withdrawn their offer because my terrace neighbour is an unrepaired PRC council house - I paid the 599 fee up front rather than add it to the mortgage, probably a stupid move in the light of day now, because if I'd had it added I wouldn't have lost a penny. The website says…
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Second Mortgage
Hi there, I need some advice on changing my mortgage. 2 years ago, I bought my first little flat on a 5 year fixed rate mortgage. I'm now in a position where I'm earning more money and want to buy a house. If I want to keep my current flat as an investment and rent it out, can I change the mortgage to a buy to rent or…
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Remortgaging Help
Hi, i am acurrently nearing the end of my fixed rate deal and could do with some help. Due to bank charges (my fault i know!) the last 6 months some of my dd's have not been paid. I have no arrears on any of these but am struggling to get out of this mess. I would like to remortgage but is a missed payment calssed as a…
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Cheapest 5 yr fixed remortgage 90% LTV
Is the Nationwide offer (6.38%) the cheapest deal out there for a remortgage deal?
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First Time Buyer
I'm (hopefully) about to take that first step on the property ladder, thanks to a local scheme to help first time buyers by paying 25% of the valuation of the house. Four years ago, I went to my bank and got a mortgage promise, which at the time was worse than useless, but I remember them saying that I could only have the…
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Interest only for first 2 years??
Wife and I (and 2 year old with another on the way) have just had an offer accepted on a house. Various options of mortgages so I thought opinions would be useful. We are porting a mortgage of 75k across to our new house which is on a fixed deal for another 2 years (4.99%). We will be borrowing another 75k and would like…
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(any advisers?) rbs mortgages - time from exchange to release of funds?
just wondering, anyone who has an rbs mortgage, how long do they usually ask between exchange and completion?
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Re-fixed with current lender, no letter ?
Hi, We've applied on-line to re-fix the interest rate with the halifax. This was 5 weeks ago and we've heard nothing. No email, letter or call. It wouldn't normally worry me but we've now got defaults as we are on a reduced payment plan to repay our unsecured debt. Consequently if they don't fix we can't go elsewhere. Just…
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Endowments end before mortgage!
Hi, I have a mortgage of £106,000 which ends in 9 years time. The mortgage is made up of £27,150 Repayment and also£78,850 Interest Only. The Interest only part is covered by three endowment policies. 2 of the policies mature in 5 years time and the third runs for a further 4 years until the end of the Mortgage Term. I…
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I'm panicking!
First of all I'm a bit of a control freak and this whole mortgage thing is taking me out of my comfort zone alot! We got a DIP from nationwide a week and a half ago and have had an offer accepted on a property. At the time the DIP was given we proceeded with the full application. The property is valued at £109k and we have…
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remortgage to clear debts
Help please! I need to clear a 3k overdraft and a personal loan balance 2.5k as my circumstances have changed and the repayments are crippling me.I have been appoved for a virgin 0% credit card but with a limit of only £1500,so obviously not enough to reduce the debt significantly.I have considered applying for further 0%…
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Remortgage scuppered by valuation
My house was valued by 5k less than i was hoping for to get into the < 90% LTV bracket to get a 6.38 rate on a 5yr fixed with nationwide... Is there ANYTHING i can do without coming up with the 5k myself...? Also, is it wise for me to go from a tracker (ends in 1st Oct) to a 5 yr fixed - or should i do a 2 year tracker…
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Is this it for us now?!!
Im new to this forum so im just hopping you dont judge too quickly as in my situation it is definatley hard not to. Between 2005 and 2006 we got into a lot of debt when me and my husband were younger we both went crazy on credit andonly when we got our first mortgage together realised how much debt we had and fell into…
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Any advice please
I have a mortgage of £66000 outstanding on a variable rate of 7.0% and pay £775.61 per month to Halifax Bank of Scotland. There is 9yrs 9months remaining and I want to be mortgage free in 5yrs. I have no early redemtion penalties with this mortgage and my credit score is good. HBoS have only suggested products that allow…
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Worth Keeping Endowment
Hi This is my first posting I have a with profits endowment from Clerical Medical which matures Feb 2013 Basic Sum assured £7204 Total Bonus £5765 Life Insurance £21375 Monthly premium £27.11 I am considering if I would be better off trying to sell as it's not linked to my mortgage or would it be better to let it run it's…
