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Guarantor with halifax
I've just been turned down on my mortgage offer by the halifax, as I have to go self cert as I'm self employed .....yadda yadda yadda ...gits !!! Am now looking at getting parents to go guarantor. I heard thru the grapevine that it can be done in a way that they only have to guarantor the remainder of what my girlfriends…
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Renting out on a Residential Mortgage
Just over a year ago I bought a flat on a 105% LTV mortgage to live in. Shortly afterwards my job relocated and I wanted to rent out my flat and lodge with a friend near work. My mortgage forbid me to rent it out but I told them my circumstances and received one year's permission to rent it out. The year's permission is…
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Advice re nationwide
We are in the process of purchasing a new property having sold our own We have our mortgage with nationwide and have agreed to an additional £97K at a fixed rate (2 years) at 6.28% we paid a £999 fee for this. The mortgage we currently have is carrying on for another 2 years on a lower 4.99% fixed rate With all the recent…
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0.5 rate cut not enough
the pm yesterday announced a rate cut by 0.5% and said that america and europe would follow suit with a 0.5% cut and said these cuts should be done together. i would have no problem with this but the fact remains that interest rates in europe and america are far lower than ours to start with so the global reduction does…
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When did a Billion become a Trillion?
Watching the news last night it occured to me that, while it's now widely accepted, the news, the government and financial institutions are increasingly using the American Billion when referring to our £1000,000,000. The News made it sound worst by then going on to say something along the lines of, 'this could cost the…
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early repayment lump sum
I have a part interest only/part repayment mortgage so If I want to pay off some with a lump sum which part am I better payimg it off please??
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Fix now or hold out?
I'm looking to renew my mortgage deal. I have been offered 5.99% fixed for 2 years with my current lender but with all the current news of interest rates impending drop I'm wondering whether to just go on to a variable rate until the lenders are offering better deals. What do you think I should do? Go with the fix rate…
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Remortgaging, requiring advice
My mortgage has 16 years to run and the current deal runs out at end of October. Mortgage is £88k and I need to borrow a further £22k to consolidate other debt. House worth c. £240k based on local sales of similar property. Went to current lender (LloydsTSB/C&G) who are offering me a 2yr deal. Weird thing is - they want to…
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advice needed on claiming back mortgage arrear charges
hi all advice needed on claiming back mortgage arrears charges is this possible just like bank charges and credit card charges please advice someone mcmac
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Mortgage broker asking for passport - is this ok?
Hi All, My Mortgage Broker is asking that I send my passport for identity certification is this normal practice ? He said he couldn't accept a photocopy - the broker is based in England and I am in Scotland. Thanks Q.
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interest rates cut-sick as a parott!!!
I have unfortunatly fixed my mortgage rate at 5.84% for 3 yrs only in the last few weeks,not opting for a tracker because i was unsure whether interest rates would rise to curb inflation or fall to boost the economy. Now that it has fallen i think that i may have made the wrong choice.What are the chances of the interest…
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advice needed.early redemption incentive offered
mortgage company offering no early repayment fee to redeem mortgage and are offering 5% cashback as incentive to do this. can anyone offer any advice,why this is being offered etc. thanks in advance
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how much mortgage could i get
I earn 27k a year, with about 2k bonus. I have a 2k overdraft and over 6k coming my way in february. Any ideas of the numbers I should be looking at?? Im not ready to see a advisor until after february - by then my overdraft will be gone.
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Please Help before i Sign the Papers!!!!
I have just had my motgage application accepted and would be sorting out all the paper work in he next couple of days.. My question is the rate i have agreed to whilst processing the application was 6.7% and with the new base rate cut, would that put me in a position to re-negotiate my rate to reflect the lowering of the…
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fix or wait?
last week i was offered a fixed rate for 5yr at 6.39% by the halifax. should i take this offer now or do you think fixed rates will drop given the interest rate cut today. halifax have already said that they are cutting their svr to 6.5% from 1st nov.
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New Build Apartment max LTV
Can anybody tell me which mortgage providers (if any) are prepared to lend over 75% for new build apartments? I know that the Halifax does, but do not want to limit my options to one lender. I am currently saving for a deposit and need to know if I will need to save the full 25%. One builder is also offering to pay a 5%…
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Mortgate and Relationship breakup
Evening, I wonder if anyone can give me some advice. My brother recently split up with his gfriend, they lived together and both names are on the mortgage. My brother now wants to remove her from the mortgage (with her permission obviously). Unfortunately his lender has told him that they cannot loan him the full value and…
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does interest rate cut effect svr?
Can it lower the svr? or is that totally dependent on the Libor rate or at the lenders discretion
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Interest rate cuts not being passed on immediately
My partner was listening to radio 2 today and heard a woman from moneysupermarket.com say that the 0.5% base rate cut should be seen immediately by tracker mortgage customers. I have a tracker mortgage and I've realised that for the last few interest rate cuts my mortgage provider, Abbey, haven't passed on the cuts…
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Nationwide rate cut?
Any one know if Nationwide have announced if they are passing on the rate cut on savings or mortgages?.
