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Northern Rock - change of strategy - move to Nationwide on 2 Feb or hold our horses?
Hi - we are currently with Northern Rock and our deal (4.89% fixed) comes to an end on 1 Feb. With house prices dropping, we applied for a mortgage with Nationwide back in late July last year as we knew our LTV was getting close to 90%. We owe 379K and our house at that point was agreed to be 440K by Nwide surveyors (so…
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Parents being given run about by NatWest
My parents had two endowment mortgages, one policy underwritten by Norwich Union and one by NatWest Life. The issue of the shortfall isn't the problem. The NU policy matured on 01/10/08 and the funds were received and everything sorted within days. The NatWest Life policy matured on 02/12/08 and NatWest Mortgages still…
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"Right to buy" coming to an end?
Somebody told me today, that they have heard that the "right to buy" scheme for council houses is coming to an end.....is this true?
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Transfering Mortgages Between People
Briefly... We have a small partnership with around 30 rental properties. All the properties are mortgaged to varying degrees (50%-80%). However every single mortgage is in the name of 1 of the partners (it was just easier at the time :confused: ). They are all buy to let mortgages and are shared between 6/7 mortgage…
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Mortgage / Property advice please
Hi I wonder if any of you guys in the know or legal eagles can offer any advice to my friend with the terrible situation she now finds herself in. She currently lives in a property with her grown up son, which was valued at £380,000 about 5 years ago and thinks the current value to be around £400,000. It was her original…
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Standard Life Endowment - Cut & Run or sit and wait?
My wife has an endowment with STD Life, set up around 12 yrs ago. Payments are £47 /mth. The mortgage value when set up was to cover £30,000. We have seperate life cover for both of us since 2001.So not tied by life cover part of policy. We have a joint mortgage which has around £35k lift to pay off. Our concerns are if…
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Children savings no return
Hi all. 10 years ago whislt visiting a farmer's show in North Yorkshire, we were approached by a salesman from "Shepherds friendly" a friendly building society who convinced us to invest in a 10 year plan for our two daughters. I remember the look on his face when we signed on for £10 x 2 / month when he thought we were…
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mortgages for dummies!
I bought my first 1 bed flat in summer 2007 with my 2 year fixed term up this summer. I have no idea where I stand with re-evaluating my mortgage - I was on a homestart mortgage which planned for me to progress from interest only to repayment after the 2 years. I'm not sure for now whether I can afford to go onto…
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Ownership of House
Can anyone help - I have a joint mortgage with my wife - the house deeds is my wifes name only she will not put my name on it. We have paid the mortgage together and I am wondering if I am entitled to anything if she dies or we divorce any help please would be good
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morgage calculation??
our morgage expires in march, after two years fixed we become variable, we currently pay £600.00 a month, which is £127,000 morgage, and is over 30 years, the interest rate we are on is 6.2% how do i work out how much our morgage will be at the current interest rate?
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Moving home....need mortgage advice
Hi, my house is on the market and have a few "SSTC" viewers this week. To get the ball rolling, though know I probably won't sell just yet, I thought I would look into mortgages. We presently have no mortgage so whole of sale price will be put to the new house purchase. The other fees I have covered by savings. I've not…
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Arrears
I've paid my mortgages without fail on time for 21 years, had a one year break a few years ago but made the mistake of not checking my statements at the end of 2008 & as a result found out in a phone call from Nationwide that I'd missed payments in Nov & Dec. I paid the whole lot by credit card over the phone instantly. I…
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When do apply for mortgage?
Sorry to ask this kinda simple question but when is the best time to apply for a mortgage? I.e. before you find a house that you like and have an offer accepted on OR once you have found a house and had an offer accepted on it? Please help, im a first time buyer and need all the help and advice i can. P.S. After searching…
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Banks face class action on SAM mortgages
http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=326713&re=4566&ea=156896&Page=1 Changes in the law prompt action against Barclays and HBOS.
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Fixed Rate Mortgage Worries
Myself and my husband are first time buyers, who are quite young and very new to this stuff. We have a few worries and circumstaances which we feel could make things very difficult: We have a 97% LTV-What happens if we cannot find another fixed mortgage for a 97% rate? Do we have to find the extra 2% and be put onto a 95%…
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Fixed Mortgage - Is It Worth Exiting
I have a fixed rate of 5.19% which runs until April 2011. I have exit fees until then of several thousand pounds this year and £900 next year. My mortgage is due to be repaid in 2016 - is it worth getting out of this deal and re-mortgaging. My current fixed payments are £762 per month reverting to standard variable rate…
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Failed Mortgage Application -is this a valid option?
My girlfriend and i have decided to to apply for a mortgage. We initiall have roughly 16,000 saved up and are looking to get a house for roughly 150,000 and below. We initially approached halifax for maortgage application and we were turned down. having printed of our credit reports we found out that my girlfriend had a…
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Fixed Rate is due to end soon, Help Needed!!
We are about to come to the end of our fixed rate of 4.65% and hoped that as the BOE base rate is now lower than it has been in years that our mortgage would go down & we would be able to get another fixed rate of the same amount or lower. The SV rate will be over 5% :eek: and so increases our outgoings. The problem we…
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Should I buy my house now or later?
Can anyone offer me some advice please. I am currently living in a housing association home. Up until last year it was council so I continue to have the right to buy. I would value it currently at 200k and not so long ago houses in my street were selling for as much as 250k. We are entitled to 16k discount. Now here is the…
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First Active - Releasing Equity
I am told by one of their reps on phone that IF they agree to lend me more money it HAS to go on a new rate and cannot go on my existing mortgage rate? Has anyone managed to get them to release equity on their existing mortgage rate. Anyone had any experience of dealing with First Active for realsing Equity? Reason I ask…
