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Current mortgage competitiveness?
Hi all. Our current mortgage deal with Furness is SVR minus 1.6% for life. I have just heard they are passing on 1% of the last 1.5% base ratecut, which means that in the past two months, they have passed on 1.15% of 2%. I understand the reasons for this. This means our rate will be 4.34% from next month. Simple question,…
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bancruptcy, self-employed and mortgage advice
Hi All, I guess I stand no chances but do you reckon if.. a) I earn in the excess of £2500 per month b) have got 25% deposit c) being self-employed d) having being discharged from bancruptcy in December 2006 I might be able to get a mortgage (eventually)? Regards
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Interest Rate Rise!!!!
I'm really confused as we have a second mortgage on our property with GE Money, and they have written to us to advise that the are INCREASING the interest rate by 1.95%!!!!!!!!!!! Is this right? Does anyone else have this issue with GE or any other mortgage company? How can they get away with this and is there anything we…
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Mortgage calculations taken on faith
I had a little chat with my mortgage provider, Barclays, yesterday. My mortgage payment went out via direct debit on the 16th of the month, as normal, but this time it was £2.97 higher than normal. Here's my situation: I started an offset tracker mortgage with Woolwich (Barclays) in September 2008. The tracker deal gave me…
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Mortgage advice
Hello, I would very much appreciate some advice as I have tried everything, with my mortgage provider and/or broker who sold it to us. In July 2004 we contacted Promise Finance to arrange a re-mortgage for us. We were then contacted by Laurence Rogers who recommended a variable rate mortgage linked to LIBOR. In his product…
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Do you NEED to take out a BTL mortgage on a letted property?
I just have a quick question guys, we are currently on a normal SVR mortgage for a house which we let out... and are looking to remortgage it (currently around 70% LTV). Do we NEED to take out a BLT mortgage or can we get a 'normal' one? Thanks
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Endowment terminal bonus
Can you experts please advise if the projected values ( 4% growth indicators etc) include Terminal bonus and if terminal bonuses are likely in the next few years? For example one of my policies with Phoenix (was Royal Sun Alliance) current 4% projection is £27K (target 30K). I just got this info on the phone to them, I…
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Survey - help
Hi We have just been offered a FD tracker mortgage and all they need to do now is arrange for our flat to be surveyed. I was wondering whether the tidyness of the flat will make a difference to the valuation. Basically, we have bought a new kitchen and will be getting it fitted in December so our spare room is full of…
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help urgently needed
HI My brother urgently needs some advice - he has recieved a letter to attend court on the 4th Dec for the mortgage company to obtain a possession order. He has been in contact with the mortgage company and they have said that if he pays £3000 by the 4th they will stop the court and make further arrangements . He will not…
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do i miss out on a dream home or not?
We are wishing to move house and have seen what could be our dream house, which is also at a fantastic price. We are worried that we could lose out as the house we want obviously will not be around for long and our house has not been sold yet. I was wondering whether anyone here knows if there is a product available or a…
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Advice needed on moving to interest only
How strict are lenders about having a vehicle to repay the capital when moving to an interest only mortgage? Do they need proof ? Would a company share plan qualify ? Would I be right in assuming that it would be harder when moving to a new lender than it would moving to interest only with your existing lender ?
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Abbey Flexible Plus Mortgage BBC complaint airing
Abbey have been taking customers savings using small print terms and conditions. This issue was featured on BBC1 television program 'Working Lunch' on Tuesday 17th 2008. The Abbey Flexible Plus Mortgage customer who had been deprived of around £20k savings had the amount reinstated to her account due to the BBC…
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Please help!! Should I stay where I am?
Hello, I am in the process of changing my current alliance and leicester mortage to a first direct tracker mortgage. At the A and L I am currently on bank of england base rate tracker plus 0.75% I was moving to first direct tracker mortgage of fixed 5.25% for 2 years, followed by 6% variable rate. However, I have not yet…
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Should I pay some of mortgage
Hi My current mortgage deal ends in feb09, current mortgage of £158K and my property price is now valued at £170K. I have £6K saved in premium bonds, do I use these saving to pay off some of the mortgage to see if I can get a better deal? Current LTV would be 92% or if I pay off some of the mortgage with the bonds it would…
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New mortgages
Id like to see/get information on how the cut in interest rates has/will affect people who are looking to take a new mortgages out. All the information on the news and this website seems to focus on people with existing mortgages. The media mentioned that the cuts do not benefit people taking out new mortgages, (or at…
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Caught out by interest rate drop!!!
My fixed rate mortgage finished on 31st October so i had to sort another to start on 1st november. Unfortunately they decided to cut rates dramatically shortly after. I took out a 3yr fixed rate at 6.1% which was best available to me at time, I know a fixed rate is a gamble but things looked bleak. Daft question but is…
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stay with A&L or re-mortgage to Nationwide?
My fixed rate mortgage comes to an end at the end of December. I thought that I would go onto A&L's SVR so back in July started to arrange a re-mortgage to Nationwide's 3 year BOE +.74% tracker with £599 reservation fee and last month I got their mortgage offer. However when I telephoned A&L to get a more accurate…
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Future Mortgages
Hi, can anyone advise please. We took or first mortgage with Future mortgages on a fixed rate 2 yrs ago (100% mortgage).The fixed rate finished in June and we have been paying the standard variable rate since then, which I think is 8.3%. We were accepted by the Chelsea for a mortgage in Sept, but the valuation of property…
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Accidental Buy to Let - What will happen?
We have a 3 year fixed with Britannia due to end Nov 09. When we left the country and rented the property (believing we would return) they were great about consent to let, and only charged us £100 and kindly left our rate the same. However we don't think we'll ever return to the house now and would like to keep on renting…
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help, delay in getting endowment final payment
My endowment finished on the 10th November, i still have not received my final payment £20K. I have rung the company again today, they say my payment is in the system for payment, and that the money is paid of shore. whay can i do about these delaying tactics????
