-
Fixed Rate Mortgage Gone Down????
I had a five year fixed rate with the Halifax which finished at the end of September. I took out another 3 year fixed rate (also with Halifax) and the first repayment went out on 1st October. I had a letter from Halifax yesterday saying that their SVR had gone down by .5% and my mortgage payment from 1st November would be…
-
Alliance and Leicester still not yet cut SVR
Early last year, before the start of the credit crunch, I bought a 5 year Discount Variable mortgage from A&L which was quite competitive at the time. Since then A&L have been taken over by Santander and have stated that they don’t aim to be competitive in the mortgage market! The recent drop in the Bank of England Base…
-
Calculating Tracker Repayments over time?
I'm thinking of moving to a tracker rates myself (currently in the middle of applying for their 5 yr fix at 5.77% which has been approved). My question relates to how payments are calculated for Tracker mortgages... If I understand correctly the monthly repayments are calculated on the interest on your loan plus a sum…
-
Loan to Value.
Hey all, Sorry if this has been posted elsewhere! Im worried :confused: and confused. We bought our first home in June 06 and our fixed rate of 5.89% with Northern Rock ends in June 09. We borrowed over 100% and i know that this doesnt stand us in good stead when it comes to re-mortgaging. We are trying to save so hard for…
-
NU imposes 22% endowment surrender penalties
http://www.ifaonline.co.uk/public/showPage.html?page=ifa2006_articleimport&tempPageName=821613 Click the link for which year gets hit for what penalty.
-
Newbie Mortgage advice needed
Hi all, I am after some advice, I am in the process of purchasing my first house. Two weeks ago I got a Mortgage in principle for a Fixed Rate Mortgage with Nationwide requiring 10% deposit, no problem I thought. My offer was accepted on the house. I went on holiday to come back to my mortgage advisor telling me that the…
-
Remortgaging... When to start?
I am wondering if anyone could give me some advice on remortgaging please? When do you start the process, 1 month before, 2 months, etc?
-
when to complete
was wanting to complete on our mortgage at the end of october but solicitor hasnt got everything needed in time so it isnt going to happen now. solicitor now is recommending we complete at the end of november. can i ask him to complete at any day in november? i realise i will pay all of novembers interest by doing this but…
-
First Time Buyer
Hi All, I am looking into buying a new house on Anglesey with my girlfriend. Luckily we did manage to secure an acceptance in principal from Nationwide before all the stock exchange and economic crisis became even more front page news. We were offered a 6.24% mortgage with a £999 setting up fee at the time and our broker…
-
Northern Rock Help
Hi everyone Just slightly concerned with my situation. I have a mortgage with northern rock which ends in january 2009, we require a 100% mortgage and at the moment we have a 90% mortgage with a 10% loan to make up the rest where do you think we will manage to get another mortgage? at the mo our deal is 7% anyway but…
-
Can this be right?
Being a little impatient here as I've just got in from work to a letter from my mortgage company and can't phone them til the morning... so I would be grateful for any thoughts on this. A few years back I 'drew down' some extra cash on my mortgage to pay for home improvements - this was the balance of the amount of my…
-
FTB getting a mortgage
Hello All, Me and my girlfriend are aiming to get a first time mortgage. We know the pitfalls and are aware of the timing and problems that can occur with doing this. Yet, i wondered what advice any of you guys could give us. Firstly, the bad news. We have no deposit. Not a penny. We just haven't been able to save anything…
-
Mortgages - Higher Lending Charge
I took out a 100% mortgage 2 years ago and was charged £2670 higher lending charge - I'm going through all my charges on my mortgage offer and each of them state "this fee is non-refundable" ie the Chaps Fee, Arrangement Fee, Redemption Fee, Valuation Fee etc - but this Higher Lending Charge doesn't state this - does…
-
Think you've got a tracker without a 'collar'? - BEWARE
Thought I had thoroughly checked our mortage ensuring there was no 'collar' on it because it states clearly on our mortgage offer (word for word): "After 31 December 2008 your loan reverts to the society's variable rate which is the same as the BofE base rate plus 0.99% until the term end". So thinks I, it will revert to…
-
deanthedecorator
Can anyone offer me some advice.. I have a £110,000 mortgage on a property worth £450,000 with 15 years to go on endowment/ peps maturity. I have a buy to let property worth £130,000 with no mortgage, £25,000 in premium bonds and £40,000 cash saved. :rotfl: Should i keep the mortgage on my property going or pay it off with…
-
Mortgage offer
Got the great news from the FA that the mortgage we were after was offered, on friday. We were delighted and the solicitor said that the deal could be wrapped up in 10 days. Money for fees and deposit sitting waiting. When we received our offer today in a small section at the back it stated that we must repay an existing…
-
HSBC Lifetime Tracker - letter mentioning 'flexible payment amount'?
Hello Had a letter through from HSBC today informing us that the interest rate has decreased and our payments have been revised. Only thing is it mentions a 'flexible payment amount' of £620.67 and a 'new standard payment' of £591.95, and says that our flexible payment will be payable unless we ask them to remove it.…
-
Abbey SVR
Does anyone know if and when Abbey are going to cut their SVR? Many Thanks
-
Mortgage Lender Misadvises re Endowment Cash In
Earlier in the year about May/June time I decided to cash in my seriously underperforming endowment policy and pay this lump sum into my mortgage account. I received the instructions from AXA on how to sell my with profits endowment and was asked to provide a letter of approval for this action, from my Mortgage lender…
-
Mortgage Valuation
Will redecorating increase my home valuation by a mortgage company?
