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Mortgage offer to completion
Hi everyone Sorry if this has already been asked, I had a look but couldn't find anything. Basically I just want to know if the current financial situation will affect my mortgage going from offer to completion. We have a mortgage offer and are waiting on the loan papers (security papers) arriving at our solicitors. I have…
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Overpayment Fee
Hi, as I posted in 'savings' forum... Me and my Wife are due to inherit some money which we wish to clear our mortgage with. Natiowide appear to carge a £3600 overpayment penalty Question is, if we invested the money and paid off the mortgage in 4 years time, after the fixed rate is up, do penalty's for paying off the…
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Remortgage question 3 years time.
Hi new here. Its not until March 2011 but House value when purchased 150000 mortgage 134450 (lets say 135000) just under 90% mortgage. after the 5 years is up 125000 left roughly. Now when i re-mortgage with a debt of 125000 is my new deal based on the original value of my house at 150,000 or will it be on the current…
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Britannia b/s and Co-op, how will this affect my Mortgage
i have been with britannia for over 20 years only have just 4 years left how will this takeover effect me if at all ?
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Offset Mortgage - Borrow More Than I Need?
Hi Interested in the very popular (judging by the talk on this forum) First Direct lifetime tracker offset remortgage. I am going for the base +0.49% (and £1098 in fees) rather than base +0.79% (fee free) as on a £140k mortgage I will have a pay back within 2 years and I am aiming to keep this mortgage probably for a long…
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re-mortgage credit card advice
hi, we are about to remortgage, 72000 owing house worth around 105000 (sold last year for 109000 but fell pregnant and decided to stay put) , still haven't decided which mortgage to move to or if we should try and consolidate but if we do it would take us over 75% LTV as we have a personal loan with 4000 outstanding and…
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northern rock end of deal
Hi new to this site just looking for advice really, ill be brief currently with northern rock fixed rate 2 yr deal ends 1st dec 08 (4.39%), obviously we need to remortgage as NR are being very unfair to existing customers by not offering anything other than SVR, our payments will go up by around £350 per month if we do not…
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To buy or not to buy???
Thinking of purchasing a property in todays current market and was wondering if its safe to go ahead with a mortgage with a current state of todays credit crunch. I already own one property which I rent out and am living in rented accommodation myself but feel I am throwing my money away when I could own. Please help???
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Do I have a case for compensation?
Recently took out a mortgage with HSBC on the GLO Open market Homebuy scheme. 82.5% mortgage, 17.5% equity loan repayed on sale of property. 17.5% counts as deposit. I went to HSBC as I've banked with them for 22 years and their tracker was best deal. From first of 3 meetings informed them of the scheme. On application…
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Do I remortgage £33,500 that's left
This is a new one on me and I'm in need of some advice please? I'm in a lucky position and very much appreciate the fact, but as a single owner of property with £33,500 left on the mortgage, I'm out of the current deal at the end of this month. 1, Is there time left to consider another deal? 2, Should I look around for…
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Help with Transfer of Equity
Hi, If possible i'm looking for advice on how to get on with a Transfer of Equity. My background is: I bought a house with my (now ex) girlfriend in 2000. In 2005 we split and I moved out as although not my decision, we had 2 small children so I knew they needed to keep their home. Because so long has passed, I have tried…
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interest rates
confused not sure if ive got this right Everyone is saying that the BoE interest rates are going down and will stay down With a fixed rate mortgage-if the BoE interest rate drops u lose,the bank wins.if it rises u win,the bank loses. the banks dont like to lose so they charge u to fix the rate to even up the odds With a…
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Mortgage question - let my home and buy new one
Hello, can anyone please advise. I am looking to buy a new property and rent my existing one out. I currently have no mortgage on my home. Am I able to take out a "normal" mortgage on my current home to release the equity, as opposed to having to take a buy to let or let to buy mortgage? I need to also take a mortgage out…
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Mortgage question - let my home and buy new one
Hello, can anyone please advise. I am looking to buy a new property and rent my existing one out. I currently have no mortgage on my home. Am I able to take out a "normal" mortgage on my current home to release the equity, as opposed to having to take a buy to let or let to buy mortgage? I need to also take a mortgage out…
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GE money, based in Manchester
Does anyone have any mortgage experience of this company? Good? Bad? %rates? please let me know
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Why did the banks fail? An explanation here.
What went wrong! In a recent report by ‘The World Economic Forum’, on the ‘Soundness of Banks’, British banks came 44th with a score of 6.0. The maximum score was 7. (The nation with the highest scoring banks was Canada with 6.8. It is a sad indictment to see Britain come below Brazil, Barbados and Botswana. Mind you,…
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Worth waiting for terminal bonuses?
I have two with profits endowments that are maturing in the next couple of years. Standard Life: Matures: April 2010 Monthly premium: 72.20 Death benefit: 40,000 Surrender value: 27,156 Projected value at maturity: 28,700@3.75%, 29,400@5.5%, 30,100@7.25% Phoenix (ex Sun Alliance): Matures: January 2011 Monthly premium:…
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Natwest Bank Base Rate
Hi All, Can anybody tell me if the Natwest Bank Base Rate is linked to the BofE base rate? And if anybody knows, are they reducing it following the latest drop? I've got a tracker with them but the wording is confusing me, I was under the impression i had a BofE tracker but my paperwork says Natwest Bank Base Rate. Thanks…
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C&G to up their 90% rates tomorrow
quote: From Tuesday 14 October we will be reducing all our 60% LTV Mainstream fixed-rates. At the same time as these changes we will be reducing some of our mainstream 75% LTV rates which will now start from 5.49% for a loan size of £50,000 to £250,000 - the fee for this product will be £1,995. We will also be increasing…
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Quick Question
Hi all, New to this board today. Can't believe it took me so long to find it. My current mortgage deal ends 31st Dec. this year. I've been looking at various rates today. I found quite a good rate with Barclays which states that it tracks Barclays Bank Base Rate which follows the Bank of England Base Rate. It states their…
