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Who now owns UK mortgages securitised by Lehmans?
I listened to a radio show from the states the other day about the impact of the subprime market failure. On it they explained how mortgage brokers in the states sold bundles of mortgages to investment banks who then diced and sliced them (with the support of specialist advisors) into securitised assets which they sold to…
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Re-mortgage Advice please...
I'm a bit worried about our chances of re-mortgaging and so any advice would be appreciated... My husband and I purchased a house in May 2006 for £158,000 (mortgage £131,500). Our mortgage is fixed for 3 years and interest only. My husband has not got great credit rating so we struggled a bit to get a mortgage but managed…
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Inheritance - what to do with it!
Sadly, I've recently come into some money via an inheritance. :A The problem now is what to do with it. I'm thinking of paying the 10% I'm allowed off the mortgage and then another lump sum when we come to re-mortgage when we fall out of fixed rate next July. As a higher rate tax payer I would have to be getting about a…
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Mortage Advice - Very Complicated!!
Hi I haven't posted on here for a very long time, but am currently at a junction in my life, and not sure whether we can move forward in the way we wish. Brief history, my husband and I very stupidly got in to a lot (over 70k) of debt. Lots of reasons, but they aren't really relevant to this discussion, although I ver much…
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Am I understanding this right?!
House value = £500,000 Outstanding mortgage = £222,000 Time left to run on mortgage = 20 years Lender - West Brom B Soc Currently have 3 yr fixed rate of 2.99% (yes that's 2.99%!) which ends in March and small print says "after 31 March 2009 your loan will revert to a variable rate which is the same as the Bank of England…
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New Mortgage Deal Time, Do i get some extra Cash ?
My current fixed term deal is up soon (nov), and im starting to look about for a new deal. My current deal is as follows :- Tracker +0.64% above base rate. Mortgage outstanding £70000 House Value £180,000 ish I currently overpay by £400 per month The problem is we need a new car & a bit of home improvements, and have been…
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Help needed. Repayment/endowment ratio.
We are in the process of remortgaging and I am in a quandry as to what to do about our endowment policies. We have 2 policies, both due to mature in 2018, they were supposed to cover a mortgage £35000 but we have reduced our interest only part of the mortgage to £25,000. I don't want to cash in the policies yet as they are…
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Advice / comment re Endowment policy
I recently received a Red Letter from Legal & General regarding my Build up Mortgage plan Endowment policy and would appreciate any helpful advice and comments please. Start Date 5 Nov 1993 Maturity Date 5 Nov 2018 Target amount £57,000 Proj final amount 4%
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General advice needed!
I live in Scotland, I've sold a house and banked the money. Now I've found a property for a fixed price of £495k and need a mortgage of £125k or £130k. I realise that this is a big deposit and that I should go whole of market, do some research myself and I think I would like the security of a 2 or 3 year fixed rate - but…
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Help Getting Out Of A Fixed Rate Mortgage
Hi All, Had a quick search and can't seem to find anything relating to this subject, so sorry if it's been covered elsewhere. Basically, my story is that myself and my partner are seperating and have a fixed rate mortgage that expires in June 2009. We wish to sell our house to divide funds, however been told by our…
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Re-mortgage problems
Hello, My partner and I are concerned that we won't be able to get a re-mortgage, so advice would be great. We got a 100% fixed mortgage with Northern Rock in Feb 07 for 2 years for £147000 It was interest only and so haven't actually paid anything off. We received a letter from NR saying that as our fixed rate was coming…
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Is this a good deal?
Morning money experts. Our fixed rate with Nationwide finishes in November (was a 5.37% deal). We only have 5 years and 3 months left on our term and £27,000 left on our mortgage (value of house £190,000). Nationwide have contacted us to say if we swtich to another one of their products we wont have to pay a reservation…
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Natwest one account.
Hi there. I'm thinking of buying a small flat which is currently on the market for £60K (Thanks, credit crunch and panic). I have managed to save up £16,500 as a deposit. Now as I was looking up mortgages I found this one account dealio, and remembered hearing it now and then on the TV adverts. But I never paid attention.…
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Remortgage while unemployed
I was recently made redundant and have not yet found any work. Hopefully I should get some soon but if I dont Im a bit worried as my fixed rate deal ends in January. Am I right in saying that my mortgage will just revert to the banks standard rate and subsequently I'll be able to continue payments without making a new…
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Intelligent Finance Mortgage & Lloyds merger
Hi, I hope I'm in the right place for this query. I have a variable mortgage with Intelligent Finance, and since taking the mortgage out around 7 years ago have had to go on a DMP. I've tried to get a fixed rate, but the DMP goes against me when applying to remortgage and keep getting passed to the specialist lending who…
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Possible Electoral Register Fraud
Hello Everyone I Recently Done An Electoral Register Search Free Online And It Came Up With My Husbands Name And My Name And Also Another Womans Name . The Womans Name Had A Strange Surname And It Was The Same Surname As The Finacial Advisor Who Had Arranged Our Mortgage 4 Years Ago .i Know That Nobody Of This Name Has…
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Mortgage product fees
Hello there, new to forum and any advice would be much appreciated. I am due to remortgage end of this month. All mortgages I have looked at have been charging large "product fees". To keep virtually the same deal i have with LLoyds tsb at the moment, they are going to charge me £595. Apparently this is a discount of 400…
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A good case for an interest only mortgage?
I am considering taking out an interest only mortgage, but I want to make sure that I have thought this one out correctly, so any comments are welcome: Situation House value ~£200,000, current repayment mortgage has £50,000 outstanding and we're paying £360/month. Proposal Replace current mortgage with an interest only…
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Refuse Mortgage Because Current Adress Has Two Names
Advice and help please. We are currently in the process of moving our mortgage but the new mortgage lender has refused on the grounds that our current home has two address names. Our credit rating is split between the two names so our rating isn't high enough in one sole name to get a new mortgage. We live in a flat and…
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Mortgage maturing before endowments
Hello, Advice sought, my £45,000 mortgage term ends in April 2009. I have two endowments covering this (both will fall short!) anyway my problem is they dont mature until Nov. 2009. So I have these options:- 1/. extend term of mortgage to Nov. another 7 months intrest payments approx £2000 2/. end endowments in April. ???…
