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Want out of off-set...
Okay so I have a Natwest offset package outstanding £104,000 on a property probably still worth somewhere near the £270,000 I paid in July 2007 I have 19 years left and am currently paying 6.45 % the last few rate cuts haven't been passed on and I'm getting itchy feet. We have no other debts good credit and are both…
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Bank of England Base Rate
I have a tracker mortgage which i can choose to freeze at any time and the rate i freeze at will be the rate that i have to pay for the remainder of the term. Does anyone have a professional opinion with regards to the chances of the base rate being cut again? Thanks Steph
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Think my bf has an endownment policy
the situation is that my bf bought a house in 1995 for 38k on an endownment mortgage and sold the place 5 years later for 48k. he says he banked 7k from the sale, i asked him what happened to the endowment part of the mortgage, of which he looked puzzled. is it possible he still has the endownment policy ? if he has, how…
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Short term mortgage
House (only asset) left to 3 daughters. 1 daughter made offer to others to “buy their shares in house” and was accepted. Solicitor dragged feet and although had the signed paperwork from the 2 daughters, did not pass correct form on to daughter purchasing shares until after the bottom had dropped out of the financial…
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Self employed help with your mortgage payments
Hi I have read recently that if you lose your job as from April you only have to wait 3 months and that they have upped the £100,000 to £175,000. Does anyone know if there is any help like this if you are self employed? Probably a daft question but I did wonder.
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Endowment reassignment fee
I changed from an endowment mortgage to a repayment mortgage two years ago, after two successful endowment complaints. I am trying to surrender my last endowment policy (I have failed to sell it!) after the final unsuccessful FSA adjudication, but the lender will not allow this, because they say it is still assigned to the…
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Student Nurse Bursary with a full time worker
I work full time as a plumbing apprentice and my partner is a full time student nurse. We are looking to buy a property and have a decent size deposit but still require a small mortgage (around £40k) to buy a property. What i to know if anybody out there can spread some light on the subject, are their any mortgage lenders…
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mortage deeds
Hi Guys, Hope you can help. My girlfriend is leaving me and we have a house in joint ownership. She is willing to leave her name on the mortgage so i need not go through lots of hassle. However I wish to have her name removed from the deeds (which she is fine with) Can I do this myself or do we need a solicitor and if so…
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Changing payment date and exit fees
We are currently with SPML/Capstone, on a 3 year fixed rate, coming to an end on 30th November 2008. We already have a really good offer from the Halifax, and have a completion date of 3rd December. SPML sent me a letter last week to say that as from 1st December, our payment would be going up by £130 as the fixed rate is…
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LTV of 85% and High income multiple needed
Hello I wondered if anyone might have any ideas. I am coming to the end of my mortgage (in a week - eek!) I have been looking around for a new product (tracker) that will allow just under 85% LTV, and an income multiple of just under 5x. it also needs to have no or very redemption penalties as I am looking to move. At the…
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New Mortgage deals
I am an independent broker and feel the new deals for first time buyers at 90% LTV are a disgrace from lenders that have recently taken our tax payers money to shore up mismanaged balance sheets. Do any other brokers share this feeling of sheer frustration.
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My Mortgage and Consent to Let - HELP!!
Hi Due to the credit crunch we are struggling to pay our mortgage and want to rent it out. We were advised that we would need to let the mortgage lender (Northern Rock) know. We were asked to fill in a consent to let application form. However, this application has been declined. Help! What can we do? We are relocating and…
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Martgage monthly payment by Direct Debit
Hi Need some help and assistance please - Basically my mortgage lender set up date for direct debit for mortgage to be taken from my bank account. They set up last working day of the month - I have just received a statement from them which shows that they have been charging me £25 per month late payment fee. On checking…
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Re-mortgage with Consent to Let.
My 2 Year fixed mortgage with Northern Rock has ended and i'm now on their SVR. I'm in the armed forces and i'm currently serving overseas. I got consent to let from Northern Rock about 6 months into the fixed term due to my posting overseas. I want to change my mortgage to a better deal which will mean changing providers,…
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how can my M in Law raise cash from her house
my mother in law has paid up themortgage on her house but now needs to purchase the lease which expires in 5 years (eeek)time can you suggest ways she can get the required amount against the value of the house.she is 81 kenif
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Base Rate Cut not passed on by three quarters of lenders.
From Mortgage Introducer - Trade Magazine Base rate cut not passed on by three quarter of lenders 21 October, 2008 "Two weeks after the Monetary Policy Committee announced a shock 0.5 percent cut to the base rate in unison with key central banks around the globe, more than three quarters of all UK lenders have yet to pass…
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Outstanding Balance owed Questions
I have a question regarding how the existing balance is calculated on a mortgage. I have a mortgage with the Halifax that is currently in 2 parts both are repayments, Part A fixed at 4.99% until 1st Jan 09 and Part B SVR at 7.00 (6.5% as of 1st nov).(This was also a fixed rate of 4.99% which came to an end recently) I…
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First mortgage payment...?
My partner and I are in the middle of buying a house and have chosen to pay our mortgage on the 15th of each month. Our date of entry is 21st November and we wondered when our first mortgage payment would be? Will it be 15th of December? or sometime in November? We are lending from RBS if this helps!
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Borrowing Against Mortgage, How?
All, Myself and my wife would really appreciate advice, due to the current financial situation we are not that keen on moving but would like to expand our house with a conservatory, the cost would be around 8k, could anyone please advise how would be best to raise this, I have heard of many borrowing against the mortgage.…
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Want to know where YOUR money is going? Read on ..........
From Mortgage Introducer - Trade Magazine Does anybody else feel slightly miffed?
