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Re-Mortgage madness!
Hi guys Your help is required please! I currently have a 3yr fixed with RBS that is due to expire on 31/08/09. The property was valued at £163,495 at the time of purchase and a mortgage of £145,320 was taken on a 35yr repayment basis at 5.19%. At the end of the term the SVR is 6.89%. I am not really up to speed on the…
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first time buyer with poor credit
Hi people, I am on 20k and my partner is on 50k we are looking to get a mortgage together but I have a poor credit rating with 2 defaults and my partner is self employed in Legal work. What are the chances on getting a morgage together please? is there any way I can make my credit rating better or something? can somebody…
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RBS, nationalisation & mortgage holders
What does the possibility (probability!!) of RBS being nationalised mean for current RBS mortgage holders? **Ironically when we took this mortgage (nearly a year ago), our broker told us RBS had one of the stricter lending policies/ were not one of the silly lenders (aka NR)....mmm, isn't ringing so true now**
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Cash in the Endowmment now?
We have only 3 years to go on our 25 year endowment policy, as the interest rates are now so low is it a good time to cash it in - and if so where is the best place to sell?
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Help req'd on unusual double mortgage.
Hi there, I have an unusual question for you all which I would really appreaciate some advice about. When I first met my wife to be she owned her own flat and I owned my own house. A few years down the line she moved in with me and we put her flat up for rent. Just prior to this she re-mortgaged with Alliance and Leicester…
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ADVICE PLEASE! - Im 22 single have a mortgage through the government homebuy scheme.
ADVICE PLEASE! - Im 22 single have a mortgage through the government homebuy scheme. I recently got a 25% mortgage and the rest rent which is 550pm. I have now decided I want to go into fulltime uni in September. Can i get student loans to help cover my mortgage? If i can get 450ish pm that would be good as my current full…
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Help please,Im not sleeping.
H, I have a mortgage that has just over 2 yrs to run. We have an endowment with Legal and General and in 2007 were told our endowment was on track to pay the mortgage. We have just received a red letter now showing a probable £10000 shortfall,because we have such a short time left on the mortgage we have decided to live…
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Halifax Mortgage advise overpayments
Scanned through loads of threads on this forum, all very useful. I have a few questions regarding my current 3yr fixed rate mortgage with Halifax (5.62% over 23yrs). I am 5 months into my 3 year fixed. Please can someone explain how overpayments work, I can only overpay by 10% a year, is that 12 calendar months after I…
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Worst case scenario
We have a fiscal scenario, where we only understand the tip of the iceberg and it may be entirely possible for the banking and finance world as we know it to implode. That is the Goverment credit rating downgraded, sterling not a popular currency and the Goverment unable to repay it's debt as it becomes too expensive…
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Remortgaging Question
Hi All, Please help me out here. I fixed my mortgage last year for 2 years, which means that it will expire by 30/04/2010. The problem I have now is that the rate it was fixed at is really high compared to what is available now. My question is, if i ask the lenders to change it to tracker, instead of the fixed, would it…
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2 year fixed rate @3.99% ????
Good morning All, My girlfriend is being offered the above deal with her existing broker. They offered the deal with a brokerage fee of £1000 with a £300 cashback. The mortgage is £275.000, the value of the property is probably near £425.000 as our neighbours was sold for £495.000 last year.Im just doing a bit of research,…
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A&L mortgage terminology- what is the 'basic rate'?
My 5 year fixed rate mortgage (4.99%) with the A&L is due to expire at the end of May. There is no redemption penalty or extended tie in when the mortgage expires but my mortgage offer states that I will go onto the 'basic rate' for the remaining term. I checked through the mortgage offer but could not see any definition…
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2 year fix - CG, TSB, Scot Wid, or Abbey
Hi Everyone About to bite the bullet and commit to a mortgage deal and wondered if anyone has anything specific to say about these lenders please. The Rates are; 2 year fix Abbey 4.29 Base After 4.94 Fee 995 Lloyds TSB 4.39 Base After 3.5 Fee 1995 C&G 4.39 Base After 3.5 Fee 1995 Sct Widows 4.39 Base After 3.99 Fee 999 I…
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Self Cert Mortgages - are they still out there?
2 years ago took a fixed rate 5.49% "near prime" for 3 years for a £98k mortgage with GE Money. We need to move now because of personal reasons. I went through Home Loans Direct last time who got me this mortgage as I have an salary of £16k a year but we get a lot in benefits for my son (DLA and carers which GE Money took…
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tax to pay on endowment policy
Hi ,about 4 years ago we had one of those destressing red letters saying that our endowment policy would no way near repay our mortgage amount.Straight away we changed mortgage to repayment so we would not have to worry.We have left endowment policy running as it was only £54 a month.When it matures in 7 years will we have…
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SVR or fix?
Hi, I am in a quandry: should I stay with the Halifax SVR or should I be looking to secure another deal?
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Northern Rock - together mortgage
Daft question probably? Does anyone know what the following means on my GF's statement: Available drawdown - unsecured funds available to you on your current mortgage. £1300. Assume its the amount overpaid to unsecured loan just need clarification?
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Could anybody Clarify this for me (Deal ending)
I have a fixed 5.5% deal with C & G ending at the end of February, my home is valued at around £105.000 to £110.000 and my current mortgage borrowing stands at approx £70.000, what i wanted to clarify was would I be better reverting to the SVR and continuing paying my current payments in essence overpaying, and take…
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My friend's electoral roll problems
My friend has had an offer accepted for a house, and has 25% deposit... He and his girlfriend tried for a mortgage, she was fine, but they were declined because he was not found on the electoral roll. He lives in rented accommodation, where his bank details, drivers license etc are. He is on the electoral roll at his…
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Should I cancel fixed rate and re-mortgage?
Hi All, I am currently 6 months into a 2 year fixed rate of 6.2% and I am considering paying my settlement fees and re-mortgage at a new lower rate approx 4.9%. I borrowed £147K over 30 years with £2200 added for arrangement fees etc. My settlement fees are in the region £4k. Do you think this is a good idea or should I…
