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End of fixed rate self-cert dilemma...
Hi guys, I'm just after a bit of advice on what you think I should do here. Our 2 year fixed rate deal comes to an end on 31st December this year and our rate will revert to standard rate of 5.84 seeing our repayments shoot up considerably. I would like to switch to a better deal before this happens, however, myself and my…
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So will these BoE rate cuts be passed on to FTB requiring NEW mortgages??
What's the chances of seeing some good deals springing up soon for new customers? We sold our house and paid off our One account mortgage in the summer but kept the current account facility. Today I have received a letter detailing their 1% rate cut. (we get 0.2% for credit balance- whoopee)! It reads that those who have…
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Can CAB or Solicitor help with this?
Hi I called Halifax again to try resolve our dispute.. basically we have been placed on a 6.19% deal for 5 years when we initially accepted a 5.99% deal.. Halifax have offered us £150 compensation - which we think is a disgrace & they are still adament that they have done nothing wrong as they have no proof we signed up…
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Fixed til Sept 09
Hi Hope someone can help us out here. We have a mortgage with Mansfield BS at 5.5% fixed til sept 09. Balance as of today £89,749,86 which includes a penalty of £3,750.00 if we move our mortgage, What with all the cuts at the moment we are really trying to tighten out bels as our mortage payment are £100.37 a month! ouch…
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5% collar, is there anything i can do?
hi all, i have just checked the small print of a recently taken out (last week) btl tracker mortgage with the abbey, and am horrified to discover it has a 5% collar.:eek: i was not advised of this by the broker, but it is there in the paperwork, is there anything i can do at all about this? :o :confused: thank you, gg xx
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Wondering about my BM tracker mortgage
There is no mention of a collar in my mortgage offer, special condions or the standard conditions od my Birmingham mIdshires tracker mortgage so I am wondering if it will be be 'collar safe'? I noticed on another thread some ref to a Halifax decision did that refer to intrducing a collar, if so on what grounds?
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repossession
Hi, I am with Northern Rock. I cannot pay the mortgage as I am on longterm incapacity. My partner left a couple of years ago and I'm unable to contact her at her previous address so I cannot sell the property (It is in joint names).Any advice on repossession (voluntary or enforced), which is easiest, quickest and…
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Will i get the changes ?
Hi I have a base rate tracker with Intelligent Finance it was .25 % under base rate but its now .05 under base rate which is cheeky. I have two questions. 1) am i guaranteed to get the latest cuts 2) why doe sit take so long to pass it on to me . Its really frustrating that they take months to pass it on. They must still…
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Want to move my (modest) mortgage - any recommendations?
With The One Account currently, looking to swap to a better mortgage. Thinking of a mortgage of £80k with flexibility; home valuation £240k (estimated). Also have savings of approx. £30k, which we can either use to reduce borrowed amount, or put somewhere where it can work for us better. Currently paying £250/month…
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Co-operative Bank - collar or floor?
Does anyone know if the Co-op bank operate a collar or floor on their tracker mortgage products? Can't see it in the small print but there are about 10 pages of said small print so I might be missing it? Anyone know for sure? Thanks
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Is there a legal right to cancel a fixed-rate deal before it becomes active?
Does anyone know whether a consumer can cancel a verbally accepted fixed-rate deal before it becomes effective? For example, if a deal was agreed in September but doesn't come into force until January, (no product fee was paid up front) can it still be cancelled? I know individual lenders are allowing this, for example…
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Want to remortgage from fix but have 5% early repayment charge - help
Requesting your help re recent mortgage taken out which I wish to improve on. I have a 2 year interest only fix from 1/10/08 for £360,998 with Mortgage Express @ 6.14%. LTV 79.56%. Early repayment charges - 5% of loan - £18,224.95 (including £250 fee). Clearly rates have gone done quite a bit since then (seem to be many…
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Northern Rock Buy to let mortgage
Hi All, When Me & the Mrs bought a house together over a year ago I held onto my first house & rented it out. The existing mortgage with Northern Rock on my first property ends in March 09. Just had a letter from them informing me that will not be able to offer me any other mortgage's than there standard variable rate. I…
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Mortgage in principal
Hi to all, My partner and I want to submit a (low!) offer on a repossessed property.. We do not have a mortgage in principal in place and I am thinking we need this for our offer to be taken seriously..? The mortgage adviser with the ES who has the property (Mann Countrywide) has had a look at our finances and said he…
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Abbey wants £900,000 within a week, HELP PLEASE
I'll be quite basic with this post as I don't want to be identified etc, but we received a letter today which basically said "We want £900,000 within the next week including interest charges". Now this is for 3 houses we own, and we have missed a few payments, now if we could get to March we could pay off all out payments,…
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Benefits of a long mortgage term?
we took out a mortgage four years ago as first time buyers, over a 30 year term. Our current tracker deal is coming to an end so we visited a broker to see if he could find us a better deal. He kept the remaining term of the mortgage over 26 years. Although we have thrown every spare penny at the mortgage and managed to…
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help with mortgage or credit card payment please
Hi Can someone please help me we currently owe 142,000 on our mortgage the house is worth 165,000 - 170,000. Our motgage deal comes to an end in June 2009. We are paying £500 extra a month onto our last remaining credit card which is on 0% until April - balance 3,995. Would we be better off paying the £500 off the mortgage…
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Leeds Building Society
I belive that I have a potential claim against Leeds Building Society as regards their failure to reduce their SVR promptly based on breach of contract. I am intrested in particular to hear from anyone who had a mortgage based on the SVR with Mercentile Building Society before it was bought by the Leeds. In order to…
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FTB - Which product?
What product shall i go for??? 5.49% fixed for 2 years 4.99% tracker for 3 years Your help is much appreciated.
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Have I shafted myself with an HSBC fixed mortgage??
Hi all, Tried looking through for similar threads but there's just so many at the moment (understandably) that I thought I would post a new one instead. Basically, we took out an 3-year fixed-rate interest-only homestart mortgage with HSBC back in August 2006. With 4 interest-rate rises since we took it out, we figured we…
