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Mortgage Help
i have an endownment mortgage to the tune of 65ooo with 10yrs left .i was wonderin wether theres any better way to pay this as obviously the endomment was originaaly took out to give cover for mortgage plus a bit of spare cash as well .now it is only going to pay what is owed on it . any ideas on other ways i could either…
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help needed working out monthly payments, I think building soc are undercharging
Hi I have written to our building soc (Nationwide), as our new monthly payment at 4.69% is less than when we had a fixed at 4.39%, so alarm bells started ringing. We took out a loan in 2003 over 15 years, for 84000. It was a split loan of 19000 on repayment and 65000 on interest only. In 2006, i made monthly overpayments…
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old spml.....and LIBOR rate ?
I have to stay with what was SPML for another 5 month's and they use LIBOR rate to track my mortgage. Well i'v just looked and the libor rate is 3.25% my mortgage tracks @ 3.25% above this rate = 6.5% that's better than the fixed rate i had for the first two years, or will spml hit me something else...... we will see....
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Skipton Mortgage
Hi, Our mortgage ends end of Jan. but going for a meeting next week regarding it. Were after a fixed rate for say 5 or so years, but after an estimate on what they will offer us percentage wise. Were are wanting to borrow about 80% of house value. Any ideas cheers :) Were are wanting to keep with Skipton if possible as…
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Begging for a change
Hi all, bear with me as i outline my thoughts below, i was wondering if any of you had tried this with success or failure. about 7-8 months ago my wife and i moved and bought a 3yr fixed rate mortgage through halifax at approx 7.1 %APR, which at the time i was reasonably happy with going by the state of affairs at the time…
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Mortgage Transfer and Credit Checking
To outline the situation: Customer A has a current mortgage with the RBOS/Halifax group and is coming to the end of his 'fixed-rate' term He phoned the bank to enquire about the monthly repayment cost when moving out of the fixed term and on to the Bank's variable rate. During this phone call the Bank offered the Customer…
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Nat West fixed rate mortgage
Hi All, my son has a 2 part fixed rate mortgage with NatWest. The 1st part(93,800) finishes in Feb 09 and will change to Standard variable rate of 6.69% & the 2nd part(£41,900) finishes in 2-5yrs(mislaid paperwork at the mo)with a £1672 get out fee. The house is worth 150k,he is paying £738 p/m mortgage & it is due to drop…
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Confused! Re-mortgage +solictors
Went to see a broker about a re-mortgage last week.Only had a panel of lenders not whole market,he explained the fees for each but also the solicitor fees on top. Just got a quote from First-Direct and there are no solicitor fees as it's a re-mortgage. I'm confused do Re-mortages have solicitor fees or does it depend on…
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Fixed rate Mortgage Payments
Hi all Over the past year or so everytime the interest rate went up despite having a fixed rate mortgage my monthly repayments also went up and I would usually he notified of this by letter within 2 weeks of the rise. I thought this was odd having a fixed rate but was advised this is the norm - as the rates are now…
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Watch out with Lloyds
Just wanted to highlight my recent experience with Lloyds mortgages. We got a decision in principle on a maximum 80% LTV tracker +0.79% mortgage. This was subject to valuation. Our application calculated our LTV around 72%, and we were confident that we would be still within the max 80% even if the valuation was shocking.…
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Mortgage insurance cover
Hi Years ago when myself and my now ex wife had a mortgage together through RBOS, we had to have insurance cover for it, which was also with RBOS, when she moved out, all bills etc. that were coming out of her account were transferred to my account, including the Direct Debit for this insurance payment. She was the one who…
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Father-in-law may lose house he's been in all his life, please help urgently!
Hi everyone, My father-in-law (who is 67 - over the retirement age but still wanted to keep working) was recently given 6 months notice on his job and was moved to another factory for the remainder of his time at the company. However, once he realized how bad the working conditions were at the new factory, he quit the very…
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Payback time
This post has been deleted, please read the Cartel Client Review thread for an explanation.
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Mortgage Advice - Beacon
Hi I am about to sign up a mortgage agreement with Beacon and I have been informed that I need to have my building insurance policy in place before I can received the mortgage, I have been asked by Beacon to tell my insurance company that Redstone Mortgage have a interest. This is worrying me - any advice
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mortage question for homeowner
Hi I have a quick question, I tried to find something similar on the forum but I couldnt. I own a house in London and I am very near to completely pay off my mortgage. What i would like to do is keep my house and rent it out so i can get a new morgage to another house. The problem is that with my salary i wont be able to…
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Northern Rock: 1.5% cut but charged pre cut SVR!!
I was on a 2 year fixed rate with Northern Rock that ended on the 1st of November 2008 followed by their SVR of approximately 7.5 %. As there was no better alternative available at the time I decided to stick with the SVR until I find something better. The BOE base rate was then cut and NR advised on 07.11.08 that they…
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Porting a mortgage to a new house
Hoping some of the experts out there know the answers to a few questions I have.... We are mulling over the idea of trying to move house. We have a tracker mortgage with Abbey which has a rate we'd be idiots to let go (nevermind the early repayment charges), so we'd be looking to move that over to the new house. We…
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FTB Mortgage through RBS
I have just been offered a mortgage from the RBS. I've passed the cr check over the phone and have been asked to send bank statements and p60s to the underwriters. Are any more credit checks needed or do the underwriters simply check my documents I send back? The reason I ask is I would like to refinance my car loan as…
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Leaving a fixed rate mortgage for a base tracker - thoughts
I am a bit worried by the number of clients asking to buy themselves out of their fixed rate deals to go into trackers, and I thought I'd just air my thoughts here for anyone considering the same. Obviously if you have come to the end of your fixed deal and are preparing to go onto standard variable rate or something…
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75% LTV, Broker/advice wanted, 56k Fixed wanted - what's the best deal?
Married in a 2 bed semi wife earns 22k as an employed & secure accountants assistant, I have 2 years (3 this Jan) of self cert earning around 15k but I think my wife's salary alone is enough to base the loan on. Current term 20yrs remaining, I'm 33 she is 25. House worth 75k, mortgage is 51k, we want 5k cash for a garage…
