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Nationwide won't let me pay the penalty and change products!
Hi, Please help me !! I have decided to pay the penalty and come out the fixed mortgage 6.4% with Nationwide to go on the tracker with them. But I have just called them to arrange it and they are now saying they have changed the rules and even if I pay the penalty they will not let me take on any other product, I am not…
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How long is a survey valid?
Hi we bought the property 8 years ago and had a home buyer survey by Countrywide. It came back saying that we needed to have the wall ties inspected. We did this and I still have the builders report stating that they ties and in a good condition and no work is needed. We have just pad to have countrywide do a valuation for…
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Who determines the LTV?
Hello, I bought a property back in August 2007 and it cost £280k, 28k was a deposit and £252k was the mortgage. So I guess that it was a 90% LTV with Abbey. However, I'm now really confused as to what my LTV will be and who decides it. My current mortgage deal runs out in July 09 and I have £224k left on the mortgage (I…
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friends provident versatile investment plan
I have a policy with friends provident which is due to be cashed in dec 09 .Im not sure if i should cash it now because it seems to be losing not making anything. i dont no anything really about With profit(4), uk equity,european, i need advise if anybody can help thanks:confused:
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First Time Buyer
the house is £105,000 , my son has a 10% deposit saved, is there anyone out there who will offer a mortgage? annual salary = £20,000 gross. Thankyou in advance.
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If anyone knows the answer ....
This is probably a bit of a stupid question but in case anyone knows. If you had a fixed rate mortgage agreed two years ago and its coming to an end and the SVR at the time of the contract was 2% for that bank (Halifax) is that SVR rate locked in or can they change it to whatever they see fit when the fixed rate ends...…
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RSA Endowment
In terminal decline (compensation already recieved a few years ago), given current market would it be best to tough it out or surrender and use the money to repay capital from the YBS capital and interest mortgage that we switched to in 2004?
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re-mortgage with poor credit
We need to downsize financially and have sold our property but cant get a good re mortgage rate because I have had credit history - we intend to clear all our debts with our equity any ideas which banks might give us a mortgage. My husband works ful time but I have had to take ill health retirement. best rate so far is…
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Should I make overpayments on my mortgage?????
Hi, Im looking for some advice as Im not very clued up to how this works.....should I make overpayments on my mortgage or keep the money in a decent savings account? My mortgage is as follows with Nationwide ; £139,500 with 29 yrs and 9 months left Monthly payments of £854.....6.58% I believe with Nationwide I can make…
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Standard Life Endowment Mortgage
We have got a interest only mortgage of £35,000; £25,000 of which is a SL endowment mortgage which will have a huge shortfall; £10,000 with Halifax Homeplan which is also not performing well and will have a shortfall. We are currently on a tracker rate which is excellent at the moment. Our current mortgage deal ends in…
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overpay mortgage or clear secured loan???? help
Hi All Just in a bit of a dilemma at the moment and dont know which way to go: wonder if some kind person can help: I will start and try to be as brief as poss!! I currently have the following outgoings: Mortgage : £122000 remaining C+I = £734.00 per month for just under 23yrs Secured loan : £28300 remaining = £458.31 per…
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HSBC 2.99% deal- anyone know where to find it?
Hi there, Martin's weekly tips email today says: 'Sub-3% Deal: HSBC's new much trumpeted 2.99% deal sounds good, but is only for high earners borrowing under 60% of their home's value, few others are under 3.5%.' I've been rooting around on HSBC's site, but can't seem to find this product. Can anyone help? Thanks,:D Weezl
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Voildable Mortgage Paid Up ?
Hi There, I'm new to this forum so I hope I am doing this right. I had a Mortgage with West Brom B.S. taken out in 1996. I paid it off in 2001 when I took out a new mortgage. Having read various posts I am sure it is 'Voidable' Firstly, I am pretty sure a secret commision was paid. I did it through a broker and there is no…
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Pay tax on lodgers?
Hi sorry if this has been asked before. Hyperthetically (of course) If I own a house with someone else and 2 of our friends are staying with us and paying rent, do we have to register it, or pay tax on it? We mentioned the possibility of moving a friend in when we got the mortgage and they seemed ok about that. All info…
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Remortgaging before term is over
Hi everyone, first post! Basically, I was wondering if anyone had cancelled their current mortgage and moved to another package (or bank altogether) after the interest rate cuts, and whether it was worth it or not. I'm currently with Nationwide on a 3 year fixed term (from May 2008) at around 5.85% - Nationwide have…
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Initial Document Disclosure - Key Facts
Hello This is my first post so I hope it is in the right place. I wonder if anyone can answer my question regarding Initial Disclosure Documents that contain the key facts re mortgages. Does a lender/company have to send out a copy of these facts when you make an initial application for a mortgage or only when your…
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Offset mortgage - all eggs in one basket?
I have an offset mortgage with IF (which is part of BOS isn't it?) I was about to move my savings into my offset account so that I pay less interest every month. I know that my savings are guaranteed (up to a higher amount now) but I'm worried that if anything happens to IF, then all my savings will be swallowed up, as the…
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Question about mortgage deposits
Hi My partner and I have owned our flat for the last 2-3 years (all on my salary) but would soon like to start looking for a house as she will be earning at the end of this year. Our current mortgage is with the Halifax and thankfully they have been very good with us. We have another 3 years with them on a tracker…
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CAT Mortgage query
I currently am one of the lucky ones with a tracker mortgage 0.75% above the base rate. The mortgage is a CAT standard tracker with the Abbey. We are thinking about moving to a bigger house sometime this year. My question is can I transfer this mortgage to my next house? I thought we could due to it being CAT standard but…
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Northern Rock Overpayment / Borrow Back
Hi everyone, I have a question about the NR borrow back on Together mortgages. I've got about 6K available at the moment and since last month am able to overpay by 1K every month. Which is great becasue it means my minimun payments are coming down lower all the time. What I want to be sure of is that I will always be able…
