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Contaminated Land & Mortgage - Advice please
Hi All I posted last week on here about my problems with the Halifax and our mortgage. We have now happily had a mortgage offer from the Abbey recieved by our Solictor this morning and we are hoping to exchange later today. My Solcitor mentioned that they have to make the Abbey aware that the enviromental survey showed the…
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Tracker mortgage rates.
I have a Natwest tracker mortgage. Does the actual interest rate I am paying change when the BOE change the rate or as I assume, does it change when the bank feel like they can't put off the reduction any longer? I have not received any correspondence from Natwest since the last 1% drop in bank rate. Cheers
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Making money from Mortgage overpayment
I been overpaying my mortgage and acquired a credit facility of £62,122 withy my mortgage provider. My rate as from 5th Jan will be only 1.74%. I have a savings account which is fixed at 6.30% gross, 5.04% Nett I am thinking of taking out the £62,122 overpayment, put it in the savings account above gettting 5.04% interest…
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Fed cuts rate to 'virtually zero'
From The Times December 17, 2008 US interest rates were cut to a historic low of virtually zero as America resorted to drastic action in its battle to stave off a crippling recession and deflation. Wall Street shares soared after the Federal Reserve, the powerful US central bank, stunned markets by cutting interest rates…
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Need a new morgage but have had credit problems
Hi there. Im currently with Future morgages paying £410 a month on a £73000 morgage.This was because I had a £100 default years ago Which is interest only. I have been to see a morgage advisor and he has tryed to get me a morgage with Nation wide but was rejected. Our house is estimated to be worth £92000. Could anyone…
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extra mortgage payment taken at missives concluding
:rolleyes: I recently sold my house but just as the missives were concluding another direct debit came out my account for another mortgage payment. Does anyone know if i will get this refunded or not? Do I have to contact my lender to remind them they have taken one additional extra payment?
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Nationwide brings back 95% mortgage
Nationwide, Britain's biggest building society, has become the first lender to re-introduce mortgages worth up to 95 per cent of a property's value. But the new home loans, which are only available to existing customers who are moving house, come at a high price. Borrowers wanting a 95% LTV deal will have to pay 7.18% -…
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changing from repayment to interest only mortgage, on benefits
I am currently on benefits due to being signed off sick, and it is likely to be an ongoing situation:(I have been awarded ISMI to cover the interest part of the mortgage, but want to go on to interest only for the time I am off, as I cannot afford to pay the rest at the moment. I have about 100k equity in my property, so…
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Redundency
Okay here is the story , My husband has been made redundant reducing our in come 1500 for the month we have no morgage protection - im feeling sick about this now . I need to know if we can get it now as he is not redundent till jan 31st . Help me please..
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Bank of England Base rate
Is it mandatory for the bank or lender to pass on the change in the base rate to the customer on the day it is announced in case of a tracker mortgage
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Should I stay with current SVR mortgage or switch to pending fixed rate deal?
I've got fixed rate mortgage due to end 31/12/08 with Halifax, recently got letter saying SVR from 01/01/09 will be 4.75% ie £730 a month. Meanwhile i applied for new mortgage to start from 01/01/09 a couple of months ago which was approved. This is an offset mortgage with a fixed interest rate of 5.19% for 2 years,…
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Tracker mortgage - will interest rates stay low long enough to make it worthwhile?
Or would the sensible option be to get another fixed 5 years @ the 5% mark.
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lad at work getting mortgage
One of the lads at work has got a mortgage but didnt put his wife down as being a dependent (so his lending multiplier wasnt lowered)...what does the panel say? Should the guy be flogged for not telling the bank he has a wife (and thus has a dependent) or is he a hero for being one of only 12 people who will get a mortgage…
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NR Mortgage advise
Hi all Me and my fiance took a fixed Rate NR mortgage a year ago, at 7.15% rate (ouch, I know!) interest only We didnt have much saved at the time so took out a 100% mortgage, 95% unsecured, 5% secured. Mortgage totalled 144k. Since we bought the house we have both done very well in our jobs and currently earning a…
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current tracker deals?
I've just been offered 2.19 above base rate for 3 years at cost of £999 by Halifax. No collar. I have 176,000 mortgage. fair deal?
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Are my mortgage charges legal???
I recieved a letter this week fom my mortgage company saying that they have charged me a £10 administration fee (to be added to my capital - unless I pay £10 within a couple of weeks) for making a lump sum overpayment. I phones them and asked why they have decided to charge me this time and not the times before and also…
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Current Fixed Rate Deal Ending - Yorkshire BS new offer
Hi All, We’ve got an existing fixed rate mortgage with Yorkshire Building Society, the rate was fixed at 4.74% and comes to an end at the end of January. They are offering us a fixed rate deal until 2012 at 4.69% with a £495 product fee. Our mortgage is £135,000, property is valued at £230,000 and we have 23years left.…
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Remortgage Valuation
Just had the valuation report for a remortgage come through, and its a bit of a joke really. My house, was valued at £210k in 2006, and going by others in my road, was probably up around £230-240 at its peak. Today, the value is £180k according to Nationwide, based on evidence.. Now i accept prices are going down fast, but…
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What should we do when our fixed rate ends???
Our fixed rate with Natwest is at 5.99% and it ends next October. It was a 100% mortgage we took out for 3 years and looking at what other houses have sold for in the street recently I don't think we would have hardly made any equity on the property. When we need to renew our mortgage I think our only option will be to…
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Adivce on fixed intrest rate mortgage
Hi all, We have had a mortgage with Abbey for just over 3 years (which was fixed for 3 years i think at 5ish %), that fixed rate ran out in October of this year... I was so worried about intrest rate hikes, I immediatly set up another 3 year fixed rate mortgage (with the abbey at I think nearly 7%)... But now... shock....…
