-
Mortgage Arrears - A lenders Perspective
Hi all, i'm new to this forum so apologies if i'm posting in the wrong area but thought i would share some of my "wisdom" with anyone that is looking for some guidance on mortgage arrears. I have recently been made redundant by a mortgage lender & can give you some indication as to what is occuring from the lenders…
-
re-mortgage investment property
hi all.... could anyone please let me know what are my chances of a getting a fixed rate mortgage for our property due for renewal in end feb. we bought this property when we where in England, last year we moved to Oz. the bank said the mortgage will change to buy to-let in feb. Is it easy for a bank to finance a non…
-
5 year fixed mortgages...
Having weighed up everything I am thinking of going for a 5 year fixed. Considerations in reaching this conclusion were; 1. Interest rate downside v's upside is limited. 2. If interest rates fall further I think the banks will swallow the difference in their differentials. 3. I am currently 75% LTV (just) If I go for any 2…
-
High LTV mortgages for new builds
Hi All, It's my 1st post so please be gentle. We have recently had another addition to our family and have outgrown our current house. We have seen and reserved a new build property and we are lucky that they are doing part exchange on our propety. At the time of reservation we had reserved a mortgage product with the…
-
Mortage - credit score rating
Can anyone tell me or does anyone know what your credit score should be at this point in time to actually get a mortgage application approved? I am curious as I am wondering how hard it is to get a mortgage now a days
-
shall I overpay the mortgage????
hi all. We've been left £15,000. Back in the summer we agreed a £25,000 20 yr,5 yr fixed rate of 5.98% mortgage with the nation**de, where we can overpay by £500 a month without penalty, but also have a 4 year car loan which finishes in the summer, and will be part exchanging again then. Things have been a struggle so we'd…
-
Mortgage Advice Needed
Hi can someone please tell me how long this low interest rate going to stay because my mortgage is due in march and I took %7.24 now GE will charge me %3.85 on top of England interest rate . if I am trying to go some other lenders, fear is that they will ask deposit because of house prices falling down .Please need some…
-
Help!!! Endowment Projection.
Very worried.I have an endowment with Sun life of Canada. Last years projections. 4%- £36,800 5%- £39,600 6%- £43,000 Rang today... 4%- £29,600 5%- £30,500 6%- £33,800 Here are the details:- Guaranteed min death benefit-£52,000 Declared bonuses- £8,724 Surrender value- £18,970 Monthly premium- £81.83 Maturity date- Nov.…
-
House prices in Lincolnshire and Rest of the UK
Hi, I just thought I would post an article about this website my friend is running. It is part of their journalism university course to do research into a specific area and they have chosen the credit crunch. They speak to local businesses and estate agents and give resourceful information about what is happening with the…
-
Endowments - Trouble ahead!
Just when you thought it couldn't get any worse. In brief, endowments are maturing en masse just as the credit crunch takes effect. The insurers are slashing final bonuses and people will be getting less than they could have received had tey cashed in early. BBC Link I think the insurers have borrowed from later investors…
-
Endowments warning!
http://news.bbc.co.uk/1/hi/programmes/working_lunch/7788016.stm
-
Finding a mortgage
I was getting bored of looking for a mortgage. A lot of the comparison websites just compare on rate and not the upfront fees. (wahoo 3.99% boo 1999 fees). Anyway, in the end I used Tesco Compare which gives you the option of "lower upfront costs" in the search criteria (I didn't want to pay more than 500 for fees but…
-
to sell or not to sell?
I am thinking of selling my endowment instead of surrendering it, (wouldn't be worth my while to carry it on),is selling a good idea,how do I find the best company,is there a comparison site?
-
House Repossession - Blacklisted?
If you have your home repossessed, are you immediatly black listed? Me and the OH bought our house around 12 months ago (great timing right) We're now splitting up and i've also changed my career path and its gonna take around 6 months for me to be up and running properly. Payment protection are being A-holes. so was…
-
Paying Off Mortgage or Saving Now?
Hi I have a Tracker Mortgage and my payments are decreasing with the B0E rates dropping. So i was wondering if it was a good time to pay more off my mortgage now keeping in mind that house prices are also dropping, or should i save the savings i'm making due to the low interest rates? The Question is basically should i…
-
Reclaiming Mortgage Charges ... Template letter?
Reclaiming Mortgage Charges ... Template letter? I wondered if such a template letter exists guys? I'm in the process of reclaiming massive mortgage fees put onto my accounts over the last 2-3 years Is there a suggested letter to write? I require mortgage statements to see this ... is this like the DSAR request? Your…
-
What are my chances?
Please be gentle - Im a mortgage virgin;) Background. I am a 44 yr old retired nurse (due to being assaulted at work) and get an 8.5k nhs pension, my partner is also a retired nurse 7.5k pension (ill health retirement due to long term illness). We also get disability living allowance. We are looking to buy a place…
-
Pleasantly Surprised - Mortgages Plc
Have been on their svr since may.......they have passed on the recent cuts, and my current rate is 3.80% meaning that back in September I was paying £540-ish a month on a £83k mortgage and as from 1st January will be due to pay £409 per month - needless to say the Standing Order has remained at £540.......:j
-
Intelligent Finance...help on charges.
Having requested a mortgage holiday and being refused as we have another charge against the property (is there anyway round this) we then missed the payment as we were all geared up for the mortgage holiday. They advised us it was a no go a week before the DD date. So then we get the letter, the letter advises they will…
-
Hopefully a nice easy question about paying off mortgage..
Hi all, First time poster here, and since this board seems full of very switched on people thought I'd just ask for advice on my current situation. Ok, I own (leasehold) an apartment, and the current state of play with it is that I owe Northern Rock £104,000 on a SVR. I originally borrowed £108,000 to buy the property in…
