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Mortgage offer cancelled HELP
Hello all, I was due to move into my Charles church home this Friday but found out that my mortgage offer had been cancelled back in September and our solicitor or IFA weren't notified. After some chasing up they have agreed to honour the original offer provided a new evaluation is made. But the last evaluation was made in…
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Track now or wait???
My A+L deal runs out 31st jan (BR -1.85%),so will go on there SVR which is not the best. I'm looking at lifetime trackers and the best i've seen are HSBC/Firstdirect BoE +1.64% or 1.49% . I know its all up in the air with all the rate cuts,but a few months ago up until last month i could of got BoE + 0.49-0.99%.Have these…
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Overpay on an endowment-backed mortgage
When I took out my first mortgage, I was sold an interest only + Endowment. Having looked through everything, I don't think I've got a mis-selling case. Had I fully understood how mortgages worked, maybe I wouldn't have gone that way. However that's all an aside! It's now about 75% interest only and the rest repayment,…
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Abbey National - Please Help!!!
Hi everyone/anyone I was wondering if anybody can help me with the following: We took out an Abbey National Tracker Mortgage at 5.0400% above the BOE Base Rate 2 months ago, with the 0.5% rate cut in November our payments only came down by £44.14, but by my reckoning they should have come down by £63.75. The way I have…
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Northern Rock - mortgage taken after redemption
On 1st December our 18 month deal with NR came to an end. We had arranged for a new mortgage with Nationwide and this was completed on 1st December. However, due to everything being done automatically - NR took the December mortgage payment. Presumably they will reimburse us this payment as we will be paying again with…
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Using overpayments instead of a loan
This is my first thread so apologies if it is in the wrong place. I'm looking for some advice please. Over the past year we have been aggressively overpaying on our C+G mortgage. We also paid in lump sums from matured savings policies and we cashed in a pair of ISAs. It had five years to go but we could finish it in March…
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Please Advise
Hi I took out my first mortgage about 18 months ago. I was offered a ISA homemaker plan by morgage broker which consisted of life insurance and mini ISA which would pay for the mortgage in 25 years time. Enquiring with the company who I hold the policy with is the 62% of it is commision going to the broker. Which I was…
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Happy to be on a recently aquired fixed rate deal?
I'm one of the 'unlucky' ones who recently took out a fixed rate mortgage at around the 6% mark, however i have to say even though the BOE rate has come down to a point where the SVR is much lower than my fixed rate I do have a feeling of satisfaction, I would possibly even go as far as to say smug. I know there are plenty…
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Birmingham Midshires
I have2 BTL tracker mortgages with BM. On the back of their letter advising of the interest rate changes there is a Question which asks "Why doesnt my payment change on the date the Bank of England Base Rate changes" The answer given is along the lines of "When the rate changes we want make sure you have enough time to…
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Banks offering SVR or Variable rate to new Customers?
I've had a good search on the forum and couldn't find the answer to a specific question so hopefully someone will be able to help. As someone who is looking to move soon and looking for a new mortgage, are there any better options than the advertised Fixed Rates? I know a lot of tracker rates have recently been removed…
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awd
hi can anyone help signed up to remortgage with awd should i have a cooling off period or am i up the creek witout a paddle:confused:
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Tied into Fixed Rate Mortgage Deal - Can I Switch due to Cuts in BOE Rate
Unfortunately signed into a 3Year Fixed rate Mortgage deal just before all the rate cuts by Bank of England. Now that im signed in is it possible to try and get a new deal because of all the rate cuts? Or did I jump to soon and have to live with it. Any advise welcome
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Help : Advice on possible repossed flat and old debts
Hi, I bought a flat in 1993 with my ex-partner. We separated after marraige in 2000, got divorced in 2001. At the time when we got divorced my ex signed an extra piece of legal paperwork to say that any money due from the endowment policy that went with our mortgage would come to me. I am pretty sketchy about the details…
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Viewing Nationwide overpayment pot online?
Evening all, I have been overpaying on my NW tracker recently and have read on here that this appears on the online account as a separate 'reserve' amount. This is not the case for me. All I am seeing is the total payment for a given month, not a separate column for overpayments. Anyway of making this appear? Cheers Si
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Advice Please!!!!!!!!!
Hi Am looking for some advice please I have had an offer of £60000 accepted on a property and applied for a mortgage with C&G for £54k. When I put the offer in on the property I was aware it needed a lot of work doing to it hence the low price. I had a homebuyers survery undertaken and it came back requesting additional…
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CHange of parties - rejected application
Please could someone give me advice???!!! My partner has a Northern Rock mortgage that he used to buy a house with a friend. The friend no longer wants to be on the mortgage and my partner sent off a change of parties application to Northern Rock to take the friend off the mortgage. He has now spoken to Northern Rock and…
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Abbey National Tracker rate
Hi there I was wondering if anybody can help me with the following: I took out an Abbey National Tracker mortgage at 5.0400% above the base rate 2 months ago, with the 1/2% BOE rate cut in November my payments only came down by £44.14, but by my reckoning they should have come down by £63.75 I have worked this out using…
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Declined for mortgage & links to credit rating
We applied for a mortgage online last night. When the application was completed the site ran some credit searches and came back to us with "referred to underwriter" which I thought may just be a precaution on the banks part based on the current economic climate. When I checked the outcome this afternoon, it said that we…
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When is consolidation a good idea..?
Just thinking out loud,but w are considering consolidating a CC debt into our mortgage. Before you all shout "Dont do it!" let me explain a bit about our circumstances. We have a 108k outstanding mortgage on a property worth around £250k even by todays prices.. We have around 10k in CC debt that has now expired on on its…
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Have I been mis-sold a tracker mortgage?
Hi, I am new to this forum and I am hoping someone can give me some advice. In January 08 I took out a two year 'tracker' mortgage with Scottish Widows which was an exclusive deal offered to me through London & Country mortgage brokers. When the BOE cut the rate to 3% I called them to find out when my payments would be…
