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Misleading Mortgage Avice
When I setup my first time house purchase through a Mortgage Advisor company, I specifically asked for a 100% Mortgage; this was Jan 2006. I was advised of a 100% mortgage with Northern Rock which was 50% repayment and 50% interest only. What the advisor failed to tell me was they'd borrowed 10% of the value of the house…
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Best Buy to let deals right now
Hi there I missed out by about 10 mins on Monday with a good buy-to-let deal. They literally pulled the rate from under me. Does anyone have good recs for a good efficient broker or any fantastic deals out there right now on buy-to-lets? Thanks, Hana
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Worth Overpaying?
Hi, looking for some advice. I have a 35 year £108k mortgage which i have just started paying 2 months ago. It is a cap and int mortgage and my monthly payment is £660. I was thinking, will it make any difference overpaying by £40 a month taking my payments to £700? As this is all i can afford. I pay 24 payments at 6.58%…
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part pay mortgage or not
I have a £55,000 mortgage with nationwide paying £361 a mth and which has 7yrs to run.The mortgage is 48k intrest only and 7k repayment.I have 2 endowments one of which is maturing this mth[axa]covering 23k and paying out 27k.The 2nd endowment[stan.life]25k has a shortfall at the moment of 8 to 10k.I have a mind to use the…
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First time remortgage advice please
Hi! I've got a NR Together deal which the fixed rate of 6.24% expires on 1st December. I will have paid off the unsecured loan on 1st November and have been overpaying since I took the mortgage so I will owe around £70000 by 1st December. My house was valued at £82000 in December 06 but I have no idea what it is worth…
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Offset mortgage and bank going bust
Hi guys want some advice on a mortgage i hold. I have a mortgage of about 100,000. I also have an equal amount of savings. How much will i be protected for if the bank goes bust. And yes i have the mortgage with Intelligent finance. Any advice will be gladly taken. K
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Is this a good offer?
Hi Sorry, I am another one after some advice. Current tracker mortgage comes to end 31 October with Nationwide. They have offered fixed for 2 years at 5.68% with no fees (55% LTV with 21 years left). These are my questions: - is this a good fixed mortgage or could we do better? - should we be looking to fix for longer? -…
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Security Of Endowment Policies If The Provide Goes Bust
Can anyone help with the following which has been causing me many sleepless nights of late. I keep hearing about the golden £35,000 per person per financial institution that is guaranteed to be safe if a bank etc goes bust but what would happen to my endowment policies? I have 3 endowment policies, all with the same…
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Buying in the states- how do I do it?
Hello, Like just about everyone else I've seen the news on the foreclosures in the states and thought about all the potential bargains to be had but I have no clear about how property buying in the states works, especially for a non-resident! Am I able to buy as a non-resident? Do I get a mortgage in the UK or would it…
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Lendgo - bad credit mortgages - anyone know about them?
Just a question out of curiosity - I've seen this site advertising on Google... does anyone here know anything about them, as they seem to be claiming to be able to get even folk with poor credit ratings a good mortgage. Ther emuct be a catch somewhere surely if most people are struggling to get a good deal at the moment.…
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mortgage after spilt
My partner and i have decided to spilt up. The mortgage and all the bills are in my name only. i paid £30000 for the house 6 years ago and i owe £20000 on it. Question 1 My partner would like to stay in the house with my son, she works part time and earns £7500 per year i think that when we spilt she would be entitled to…
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Advice please, not sure what to do re. mortgage?
Hi All I am hoping someone on here can please help me re. best thing to be re. my mortgage as it is up for renewal and I am so confused :confused: I have a flat in London that is valued at 240000 in the current market. My current mortgage with Abbey is currently on an interest only variable rate (4.87) that was a special…
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Confused
I am about to take out a remortgage for 54k with the C&G it is for 4.99% untill Dec2010 but it also says The overall cost for comparison is 7.2% APR.Could someone advise me what this means.Is it 4.99% or 7.2% not mathematically minded sorry. Is this a good deal according to todays rates?.
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Paying off mortgage
I will be able shortly to pay off my mortgage, £20000. with an investment which is due to mature giving me £25000. Some time ago a friend who found himself in a similar position, was told 'you can never spend a brick!' What was meant by this, if I get the gist, is what the point in living in a house fully paid for, if you…
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Anyone have a list of offset mortgage providers?
Hi Guys Long time forum reader but only just registered (Hi All). My current mortgage deal fixed at 4.24 ends in December (:cry: )and I want to go offset as I hold quite a bit of cash and the stock market sucks right now. I am just wondering if anyone has a list of offset mortgage providers? I have done all the online…
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L & G Endowments - make paid up now/sell??
I have a couple of endowments due to mature in 2010 and 2011 - one is quite tiny the other am paying £73 a month and expect somewhere around £30K at maturity. However, with the way things are, should I make them paid up and invest elsewhere the £73 ??
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Mortgage back up
Hi there I have recently applied for a FTB mortgage of £130000 with HSBC for a property with an asking price of £175000. Went thorugh the initial application fine and got the mortgage certificate. Went to the underwriters and it seems to be taking an age. I have phoned and hassled a few times and have finally been told it…
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boyfriend has no proof of residence and want to apply for a mortgage
hi all just need a little advice, my boyfriend wants to apply for a mortgage in his name alone only he has not been on the electoral roll for years and has not had bills in his name since i have known him he has always lived with people and paid his way cash. he has no credit history whatso ever but would like to apply for…
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Abbey interest only mortgage-advice on paying some capital
I guys, my wife and I have a interest only mortgage for £163k, for 23 years, and have no way set up of paying the capital. Due to my wifes hefty debts we can't afford to pay off the capital aswell. We don't plan to move at all, and the plan it to sell the house when I retire and use the equity to move to a small flat in…
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Help 'Buy To Let Mortgage'
Can anyone Help?! My fixed term mortgage is coming to an end soon and I have been looking around at the latest deals. I would like a a fixed term mortgage, so I know what Im paying every month. Unfortunatley, as I dont earn a great deal, I can only afford a interest only mortgage at the moment to. It is an absolute mine…
