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Overcharged by Bradford & Bingley
On going through my old B&B mortgage stuff I found my re-mortgage offer from 2002 which stated that I was to pay 1.99% for 1 year, followed by 4 years (Jan 04 - Jan 08) at BOE base rate + 0.95%. Given that I was put on their SVR instead (ranging approx. 1.5-2.5 above BOE base rate) can anyone who has asked for a similar…
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Overpay mortgage to help with future mortgage - thoughts??
Just wondering if anyone can give their thoughts on our overpayment plans. We currently have an offset mortgage of about £70k with about £40k in savings. We are hoping to move later this year (depending on the state of the market) we are looking to buy a house valued around £350k & will sell for about £180 so will be…
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I have a Question re flexible mortgage..
We have a flexible Tracker mortgage with Abbey curently paying 0.49% above the BofE base rate so will be 1.99% next month. My question is should we overpay the mortgage each month or leave it in the savings pot to offet the mortgage. We can put in a total of £800 a month into the savings pot or pay the mortage off. The…
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Should I stick or change?
Hi I signed up to a 7-year fixed rate mortgage (6.4%) deal with Northern Rock, assuming mortgage rates would rise from the then all time low!!! There are two years left on the deal (July 2011). Is it worth trying to remortgage now, are there any deals out there that would significantly save me money? I assume I would have…
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joint ownership question
ok i have a house that is worth £130k and a mort with NR of 119 and unsecured loan. My question is that if someone wants to buy 50% of the house and i continue to own 50% how does the mortgages work? The LTV works out at 91% putting me in not able to remort position. If my collegue buys 50% do we each get individual morts…
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What is RU89 "Equivalent"
Endowment Compensation RU89 Calculation states "the mortgage interest and capital repayments you would have paid on an equivalent repayment mortgage". But what exactly does "equivalent" mean? Bear with me here. I have a unit linked endowment that started in 1992. It is actually 20% higher than the mortgage amount. Why?…
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Is this manageable?
I am a first time buyer living at home who is looking to get his foot on the property ladder. I have found a 2 bedroomed semi (freehold) that is advertised at £99,950 but we have learned that the sellers may accept an offer around £75k. I have £25k-£30k to put towards it but would obviously need to borrow around £45k. I…
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Northern Rock - Remortgage & End of fixed Term Rate
Any help would be great. I bought my house in Oct 2007 on a 2 yr fixed rate. Never missed a mortgage payment, although have missed a few random payments e.g mobile phone bill, electric etc When my deal ends if my credit rating is worse than when they gave me the mortgage will they tell me to go elsewhere, do they re credit…
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End Of Fixed Rate
Our fixed rate of 5.25%with Cheltenham and Gloucester comes to an end in a couple of weeks, my mortgage advisor has looked around and said he cant find anything better at the moment and advised me to contact Cheltenham and see what they offer. Im looking for a 5 year fixed if possible and wondered if anyone knew of any…
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waived ERC Offer From Mortgage Company
Hi my first post, I have just received a letter from Mortgage Express owned by Bradford and Bingly group advising that they have been nationalised, so will not offerring any new mortgages and probably won't be able to offer a new deal when mine ends in 18 months. In light of this they have offered to waive any ERC if i…
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LTV-valuation question
hi my 2yr fixed rate on my house (5.5%) will come to an end in july 09. I purchased it for 165K 2 yrs ago with a 15% deposit and interest only mortgage, so my mortgage debt will still be around 145k. im just thinking ahead, so as everyone else has been saying, its best to stay on the current svr rate (i think mines is…
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Chances of getting a shared ownership mortgage?
Hello I have an income of £21355 basic and would like to purchase 30% of a 150k new build. meaning a 45k mortgage. Basically i need to know if there are any companies still doing 100% mortgages? a 5% deposit would be £2250 which i could get hold of if need be but would prefer to get 100% Thanks Laurie
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Chelsea BS prospect morgages
Hi, I am currently on this product which was designed for people with a poor credit history and have one year of the initial fixed rate remaining,I am concerned that they have now withdrawn this product range,what is likely to happen to me at the end of the 5 year period,are they likely to demand i sell the property? I…
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Max LTV on a buy to let?
Hi I've been searching around, my other half is looking at buy to lets, does anyone know weather any lender currently offer any higher than 60-70% LTV
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two year mortgage freeze???
I remembered something on the news about the government launching a two-year mortgage freeze for people who've been made redundant... I'm trying to find more info on this but can't seem to see much.. Can anybody help? OH has lost job and i'm just worrying about mortgage.. hope it won't come to that but trying to find all…
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Remortgage question
I wondered if anyone could give us some advice please. We're in a fixed rate deal until 2010 at 5.99%, today I opened a letter from Mortgage Express saying that they are now waiving their early redemption penalty - so it definitely seems like a good idea for us to remortgage now. Our mortgage is at about 118k and we have…
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2/3 yr fixed compared to svr for the next 2/3 years, what would you do?
Hi everyone, I know i'm going to ask one of those questions that has not definate answer but i just wanted to see the opinion of some experts out there. I'm looking to get a mortgage of 90k against a 358k house. I do have the money to pay this outstanding mortgage off in approx 6months to a year but its currently being…
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Standard Life Bank Mortgages
Hi, I have a Standard Life Professional Mortgage, fixed at 5.3% which ends in August. They have recently reduced their SVR to 5.4% so not too worried about what will happen when the fix ends, although I would like to them to be as reasonable about passing on rate cuts as the likes of HBOS and Nationwide ! Does anyone know…
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Renewing mortgage with previous bad credit
My husband and I took out our first mortgage in 2007, on a 2 year fixed-rate that will be up in a few months. The rate we got wasn't very competitive (6.15%) as I had some previous credit card bills that had been passed to debt-collecting companies due to lack of payment over a few months (no CCJs though). Now we have been…
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Getting online Mortgage agreement in principal?
Hello all, Is there any lenders who provide Instant online mortgage agreement in principal? May I know which one is it? I would like to get mortgage agreed in principal online today so I can provide it to one of the agent tomorrow. Please let me know.
