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Credit question - slightly confused as what to do!
Hi My boyfriend and I are planning on buying a house in a year to 18 months' time but want to be in as good a situation as possible when the time comes. My boyfriend is in the lucky position that he has never had any debt ever - no overdraft, no credit card etc. Obviously he needs to build up a credit rating so is planning…
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FTB Advice
Hi Guys Am looking for some advice please. Have just had an offer of £60k accepted on house and have a £7k deposit for the property so would have a £53k mortgage. The repayments are more than managable. I earn 24500K no loans, no dependants. My question is would I be able to borrow approx £10k to undertake renovations on…
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Lower Valuation, mortage problem?
I wonder if anyone could comment if I should worry or not Via my mortgage broker i arranged a shared ownership mortgage with the woolwich. The purchase price of the flat was £180,000 of which I was paying 35% at £63000.The woolwich have offered me a mortgage after their surveyor valued the property at £170,0000.The…
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Halifax rates down for existing borrowers
Halifax have made over 20 changes this year, and from looking at their website they seem to have made more, for existing borrowers with less than 75% LTV at least. I kept a note of their rates in June, and we seem to be back to the same sort of levels - 3year at 6.09% for £499, which is fine for me at least. Looking for…
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Nationwide to cut rates Friday
I've been told that Nationwide are cutting rates again on Friday but i think only for the 75% LTV people *lucky gits*
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how much
in todays market what would be my monthly mortgage payment for a £220000 house
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How can I make an overpayment to woolwich online
I have a woolwich mortgage and I have barclays online banking. Now each month woolwich take a dd for the regular payments which shows up on my statements including my account number 9659... (a total of 10 digits) but no sort code. As the morgage is with the bank I bank with I would have thought there was an easy way to…
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C+G Interest only Mortgage
Hi Folks Just looking for a bit of advice.I was wondering if it is possible to swap from a repayment mortgage to an interest only mortgage for a couple of years. We currently have £120000 over 20 years left. House worth around £185000. If i swap to a Int only mortgage i could save about £250-£300 per month. We both have…
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need advice
i am new to this site and would like some help ,i have a mortgage with barclays/the woolwich 24yr 1mth left ,i am currently on there base rate plus 0.17% as i wanted to be able to pay more as and when i can, is this a good deal ? as i have read about so many and am now confused ,as of today i have a balance of £45,181.11…
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Can I have 2 mortgages with 2 different lenders?
My circumstances are that I am splitting up with my partner who I jointly bought a house with. We have agreed that we will do a transfer of equity into my name and I will remortgage to buy her out of her share of the house. I want to keep my current mortgage (it's on a fairly decent rate and there would be early repayment…
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MI News - Ian
Good job on getting your stamp duty proposal into MI today Ian. Some mixed respondants......im on the fence myself!
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6 month history of fixed Mortgage rates
Hello, Does anyone know of a website that details the last 6 month history of fixed rate mortgages that are available from Banks/BS? Ideally I would like to see the last 6 months figures for the following: 2 and 3 year fixed rates for the following Banks Abbey Halifax HSBC etc I have started a spreadsheet myself, but…
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Mortgage and Experian
Hi All, Does anyone know which mortgage lenders check just Experian when they do the credit check? Or is it likely that they check both Experian and Equifax? Reason for asking is that my report on Experian is much better than Equifax, and would be greatly beneficial to me if the lender just checked the one report. Or is…
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C&G Flexible Mortgage repayment admin charge
I have a C&G flexible mortgage which I've had now for approx the last 7 years. The reason I chose this mortgage was the ability to make overpayments without charges and limits and that the interest would be calculated as soon as I made the payment. I'm aware that since I took the mortgage out that a lot of other mortgages…
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can you reduce loan amount once an offer has been given?
have been given a mortgage offer by HSBC based on 5.99% fee free mortgage. had house valued, and with existing loan amount and this survey result it comes in at just a touch over the 90% ltv. obviously with each month that this remortgage from northern rock takes the loan reduces. also if i found the cash to give to…
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Pulling out of remortgage with Nationwide
Just before I contact Nationwide I was hoping someone else may have some info. We are in the process of remortgaging from Abbey to Nationwide. So far we have filled in the initial forms for Nationwide and had a valuation done. Abbey have now reduced their rates and made us a good offer which we would prefer to take. My…
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I have a complaint about my mortgage co. Who do I contact now?
I have an unresolved complaint with my mortgage company and wish to take it further. Is there an obudsman I can contact? Or can I get in touch with the FSA?
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sell endowment policy
hi, I have tried without success ( 3 times ) to claim from standard life for mis-selling me my endowment policy, they say there cut off point is 1989, my policy was taken out in 1987. I am now thinking of cutting my losses and selling my policy and to take out a re-payment morgage for the remainder of the term, which is 5…
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Endowment/Mortgage options
I have am on an interest only fixed rate mortage with the HBOS which has £26500 still to be paid with 13 years to go. The current rate is fixed until 5.750% until 31 October. I pay £127.29 per month. My endowment policy is with Standard Life. I have received a small amount of money for possible mis selling in the past.…
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Mortgage & Return to Work After Mat Leave Dilema
Hi, I would appreciate your thoughts... I am due to return to work soon following maternity leave. Financially we could afford for me not to return, however the problem would be the mortgage and remortgaging next year. The mortgage is in my name, and due to a few poor financial decisions made by my partner in the past…
