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Mortgage Deal Tomorrow
Hi, Got an appointment tomorrow with our lender (on a 2 yrs fixed that runs out January). Can I secure a deal tomorrow and walk out knowing im fine for another term? Or does this have to go through the various credit ratings as per our 1st mortgage term? Also can we sort it out now for January? Will we go through income,…
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When remortgaging when to start shopping around.
How long does it take on average from start to completion when remortgaging? I've read a few posts and some are saying 12 weeks for their application to be processed? My current deal runs until feb 09 and i was thinking to start in the new year but i don't want to leave it too late and go on to the SVR. Thanks in advance
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Interest Only Mortgage- Is it wise?
My husband and I bought our first property last year, a 2 bed flat. A friend of ours, who is an estate agent, letting agent, and owns about 10 properties, recommended we get an interest only mortgage. He said in the future, when the value of our property is much higher, we sell and pay off the mortgage, and downsize. I…
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Cash in my endowment? Spreadsheet help
Privacy reasons
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Mortgage agreement taking an age - any ideas?
We have had an offer accepted on a house. The agreement in principle was already in place for a mortgage with the Nationwide which we had organised with our broker. We then applied proper for the mortgage but it seems to be taking an absolute age to process. The valuation has been done (on Monday) but we have not been able…
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Taking the mortgage with you
Hi Is it possible to take your mortgage with you when buying another house so as apposed to getting a new one? Mark
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Mortgage rates go down - Repayment goes up?
Hi There, i have just recieved a letter from my Bank (TSB) stating my Mortgage interest rate has decreased by 0.5 % . Great news but then i noticed my repayment figure had actually gone up by about a fiver ???? The Mortgage is a TSB OFFSET and wondered if anyone could offer any rational explanation for this before i spend…
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Can I get a mortgage with a bad credit rating and 2 months of self employment?
I'm guessing the answer is no, but there must be some companies that throw caution to the wind and lend anyway? I know I can keep up with the repayments.
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Interest rate outlook for now and 2009! - delete this post
didnt come out right - html tables dont work. sorry
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Help - 2 properties but no deposit
My husband and I have just seen a house we like but until this we were not planning on moving. We have two properties already, one with a tiny mortgage (that is rented out) and one owned outright with an estimated combined equity of £250k (that is a conservative guess) - more than the house we have seen. However, we don't…
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Disgusting and unjustified
I did a decision in principle for a client doing a Buy to Let last week with The Mortgage Works (part of Nationwide) and the valuation fee at the time was £285. Converting it to a Full Application today and the valuation fee has been increased to £375 :eek: . How can the valuation fee increase of £90 be justified when the…
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Woolwich / Barclays open plan
Hi all, What a fantastic forum this is! I've got a Barclays (was Woolwich) open plan mortgage which is variable. My question is this. Every 6 months the amount I have paid back is calculated and I have the option to re-use this money. I have cheque book and because I bank with Barclays, I can also do a direct transfer I…
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Open Market Home Buy Scheme - Mortgage advice
Hi, I have been offered an Open Market Home Buy loan by the government scheme Moat. I have put in an offer on a property and had it accepted. The estate agents are able to grant me my mortgage but I wondered what my other options are? I know I am not able to take up just any mortgage. Any help appreciated. Thanks Gemma
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Endowment surrender value dropping - sell or not?
My wife has an endowment policy with Legal & General. The policy was taken out in 1988 to cover £40,000 and the payments are about £60 per month. The policy is not used to guarantee any mortgage. We do not have to cash in the endowment we could keep it on as an investment if necessary. The policy is due to mature in 2013.…
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Interest only mortgages
Hi I am self employed but my husband isn't. Over the last few months my income has been plummetting and yesterday I found out it will go down yet again next month. This time by a third. We are in dire straits now - we were before but this has tipped us over the edge. We have a repayment mortgage costing us £1900 per month…
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urgent help
Hey I really need some advice about a mortgage i have. It was through a family contact, i filled in my details to say i was interested in a new built flat. A few weeks later the mortgage was approved and the papers were sent for me to sign. I called up the estate agent and told them i only wanted details to see if i could…
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puzzled
ok so i am puzzled everyone appears to be talking about interest rate cuts yet today i got a letter from my lender saying that due to interest rate increases my mortgage will increase by 30 pound a month .??? i dont understand this, can anyone explain.
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mortgage advice , is is worthwhile changing the lenth of replayment
hi, please excuse me if this sounds obvious it seems a no brainer but i am not sure still i currently have 29 yrs remaining on a mortgage taken out last yr , we can now afford to pay back abit more ( promotion at work) is it worth me moving my agreement to say a 23 yr mortgage and pay back this quicker rather than stick to…
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mortage advice please
hello I have been lucky enough to go mortage free using the one account. My father has now asked if i want to buy his house for the same amount he paid for it £20,000. The condition being that he stays there till he dies and i would share some captial with my sisters. I would need a loan or mortage on this. i still have a…
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HSBC variable rate
Our mortgage t&c's indicate that Hsbc "guarantee never to charge more than 1% over the B of E base rate". Anyone got any idea when they are likely to advise existing curstomers that their rate has been reduced? Thanks. BD1
