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What will i pay for mortgage for ybs on svr?
Hi Can anyone help me with this. The mortgage loan amount i borrowed was £96,000 over 25 years. I have just finished a 3 year fixed rate with YBS which was 5.29 %for 3 years and was £576.95 a month. The details with my mortgage say that it would then go up to the standard variable rate. At that time it quoted me £645.95…
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Advice - can you think of a solution? Help!
Hi I'm wondering if the wealth of knowledge around can help me come up with a solution... Our house is valued at £105,000 and we have been approved for a buy-to-let mortgage on it, so we can keep it and take our existing mortgage onto the new property we wish to buy. The most we can take out is £9,500 from this house to…
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Variable rate for 1 month in order to get better LTV deal?
Hi, was wondering about the following scenario. I'm going to move house soon. I currently have a Nationwide lifetime tracker with just over 3 years to go on the ERC, but it can be ported (and boy is it a better product than those out there at the moment, so I want to -- BOE+0.18% for life of mortgage!). The remainder…
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mortgage help
hello all, first time poster after some help with my mortgage please. We had a 2 year fixed term with natwest which ends in november. To renew they want £1000 as a fee for every new deal, or a one off fee of £1500 if we have an offset mortgage. Could someone please advise how hard it is in the current economic climate to…
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Question about repossesion and selling before you get to that stage
I'll try to keep this brief. Basically my husband and I separated in March this year. I continued to live in the family home, although both the mortgage and the deeds are in his name only. I have been contributing towards the mortgage (although obviously don't "have" to). It's come to a stage where he can't afford to pay…
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Can someone comment on my logic?
We are currently with FD on their BoE base rate i/o offset mortgage, which is till Dec 08. Given the current climate, I was thinking of reserving a mortgage now, just in case, to take over in Dec. Details are: mortgage 154k on house value 300k. We will have 6k in savings by Dec in ICICI earming more interest (I'm a non tax…
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Can someone comment on my logic?
We are currently with FD on their BoE base rate i/o offset mortgage, which is till Dec 08. Given the current climate, I was thinking of reserving a mortgage now, just in case, to take over in Dec. Details are: mortgage 154k on house value 300k. We will have 6k in savings by Dec in ICICI earming more interest (I'm a non tax…
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eeek fixed rate ending, kensington want 9%. help!
hi i am not very good with mortgages but i could do with some help! Kensington have just informed us that our fix rate will now end at he end of Feb 09 instead of the end of june 09 like they have been saing for last 2 years!Apparently mortagage wasnt running inline or something!Problem is they have no fix rate offers and…
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Query on overdraft
Hi, my fixed rate is finished in December, however I was wondering if when making a new application my overdraft is taken into account and if it is, how much weight it has compared to loans etc? Obviously it's mostly just loans the mortgage calculators ask about and I wondered if I should include the overdraft amount when…
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Mortgages
Ok so my new mortgage option is not for another 18 months but I am still concerned what the market will be like then and when I should start looking for a new provider. I am on a fix rate mortgage but the way the newspapers are talking, we will never see good rates like we are on for a very long time. Some newspapers are…
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Mortgage Application Concern
As a first time buyer i'm concerned about my mortgage application. I have always had problems with application forms asking for first name or full name because i am known by by middle name! My passport/Drivers License is my Full Name My main Bank Account is set up with my Middle name and surname but I've just opened an ISA…
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HSBC Tracker Mortgage
Hi I’ve been reading these forums for a while now and have been really inspired to start overpaying my mortgage, even by small amounts each month. I’ve opted for an HSBC lifetime tracker mortgage at 5.74% for £100,000 over 19 years. It’s a new mortgage due to start in November. I have no restrictions on overpaying, not…
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Difficulty re-mortgaging due to loan size.
I have an offset mortgage with Intelligent Finance and the discount period is coming to an end in December. When I took the loan 2 years ago it was very easy for me to find lenders that would loan over £1m. This time round, for obvious reasons it has been much harder. I am keen to stick with an offset as it suits me for…
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to fix or not to fix?
that seems to be the question! our mortgage finishes in Feb 09, we could fix one now, paying hefty fees (£2000) and a rate of about 5.64% (Britannia or Northern Rock). Or do we sit tight had see what happens? As lots of banks won't even talk to us until we're under 3 months away from finishing, we could be missing out on…
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Career Advice...
I wasn't sure where to post this so apologies if it shouldn't be here, but this seemed as good a section as any. I have passed CeMAP 1 and I am studying for 2 & 3 - however, I have the pleasure of currently working for HBOS and for obvious reasons I don't think my job is safe so I'm looking to jump before I am pushed. I've…
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Self Build Mortgage
Just about to purchase my plot of land, which will take up all our cash money and should take aprox 50% of the build costs. Wheres the best place to borrow the other 50% from to build the property?
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Nationwide remortgage dilema
Hello, Just looking for any advice. My nationwide mortgage comes to an end at the end of November and I want to remortgage with them on their no fees 5.68% rate. However I also wanted to put a lump sum on the mortgage - around £3,500 but they wont let me do this unless I go on the base rate for a month. I decided to do…
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Remortgage time
I am with halifax and my fixed ratre at 4.99 ends feb 09. I am recently getting some free valuation done to ascertain the price. However in June this year my flat in maida vale was valued at £370k and i have mortgage of £195k. I can reduce this to £190k This mkaes for a low LTV so tharts good. Secondly i have never…
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Halifax Mortgages
Hi, I just wondered if anyone can confirm if what i have been told by halifax is correct?! Basically my fixed rate is due to end on 31st December this year. I have been trying to secure a new rate now incase rates go up. One complication i have is that i am adding extra borrowings onto my mortgage. I spoke to someone…
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Buy to Let Mortgage advice
Hi all hope someone can advise. My husband has recently inherited his mother's house and we are thinking about letting it out until the market has picked up at some future point (hopefully when we retire!). We think that we would be better off taking out a mortgage on that house and paying off our current mortgage with it…
