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just a quick one...
Me and my partner are looking to buy in august. we are both in secure jobs, but im looking for a change, iv got an opportunty for a switch. but will it go against me when it comes to buying in august, that i have been in that job for less than a year? if so, what kind of effect will it have on the payments and/or borrowing…
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Negative equity - can I re-mortgage??
My fixed rate interest only mortgage ends in August and I need to know if I will be able to switch to a repayment mortgage after this? I am on interest only because I needed to take the mortgage out with my mum and the only way they would do it was over 21 years as she was 53 at the time. I'm not sure what my house is…
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Am I in trouble?????
Hi First time posting on this site although have been reading for a while, so please be gentle. Ok. I live with my husband and we have a joint mortgage on our house which is up to date. However my hubbie also owns a house in his own name which is really killing us financially. We are paying both mortgages at he moment and…
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Advice from Mortgage Brokers
Hi, my friend sold her house a year ago and has been living with her parents since. She has just had an offer accepted on a house which is a good deal for her. She is anxious to proceed as quickly as possible but is concerned about reports that mortgage applications are taking a long time to process - especially the best…
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Should I redeem our fixed rate mortgage for a base rate tracker?
We took out a 5 year fixed rate mortgage in November 2007, at 5.85%, repayments £1010 per month. If we redeemed it that would cost £7000. The alternative deal is a base rate tracker at br + 1.69%, fees £600, repayments £820 per month at current rate 3.69%. If we changed I have calculated a saving of £500 over the period…
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Mortgage Advice??
Morning, We have about 19 years left on our mortgage, which is currently the SVR Northern Rock one (we're out of deal and out of penalty period). We have a good credit rating, and could afford to pay more than our current monthly payment (£800). We've got about 50% mortgage to property value. If at all possible, having…
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Interest Rates
I had 5 fixed mortgages which run out I then phoned and got a new rate of a tracker capped at 6.49% When I got my first years statements I noticed that I was being charged up to 8.79% I wrote via email to the 'Customer Improvements Team' between us we agreed that I had been over charged and that I would get the…
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Using an ISA as a mortgage deposit?
Little help? I'm a FTB and am planning to buy a property in the near future. I have savings of £42,000, the property I buy will probably be worth £65-70,000. My savings consist of £17,500 in an ISA, the rest is in a couple of online savings accounts. Obviously I've got a big deposit, I also have a full-time job (£15,500…
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Mortgage Advice needed please :-)
Hi, I own a property which is currently being rented until April 09 which is when our consent to let runs out. I have moved to another part of the country for my job and plan on staying here for a while. I am looking to buying a house where I'm living now and want to apply for a mortgage but am unsure where I stand in…
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What's the best fixed rate???
Hi Brillant site - 1st time poster. I am coming to the end of my 2 year deal with Abbey and have a very small mortgage of £48K. I am looking to pay off the mortgage within 5 years and was wondering the best deal to pick. The cheapest I have come across is with halifax at 5.09% with £399 fee for five years. Can I get a…
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HELP: To Remortgage or Not
Hi All, I was wondering if the collective brain power out there could help me and my Mother. My Mother is Disabled and on Benefits as income, but she requires around £25K in repairs done to her house. The house has around £800 left to pay until the house is totally hers. So there is loads of equity in the house (even at…
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SPLIT confusion ???
Hi new to the site and like most on here have a story to tell, in brief Been with fiancee for 8 years until just before christmas to be told she isnt in love with anymore and wants to walk, problem is we brought a flat 4 years ago in joint names and due to the lease being far to low weve been in the process of extending…
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Should I speak to my lender BEFORE I struggle with payments?
Hello experts, I need some help. I'm setting up in business, so I'm expecting a drop in income for the next few months. I've got a few months mortgage payments to one side, but not as many as Martin would recommend. My question is - should I approach my lender (it's the Co-op) to ask about a payment holiday, or go to them…
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need advie regarding overpayments and payment breaks
hi i have a C&G mortgage arranged through lloydstsb its a repayment mortgage and is currently on standard variable rate as my fixed rate has finished. i have two questions. > how do i make one off payments when i have spare cash as i pay by DD. > how do payment holidays work and will extra payments count towards this or do…
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Decisions decisions
My mortage is comming to the end of its fixed rate period in feb, Im currently with C & G, if I switched to a different product with C&G would they re value the house? In 2006 the house was valued at £180k and the balance of the mortgage will be £133k so I scrape into the 75% LTV which obviously opens more doors to better…
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Mortgage capital repayment cal
Hi, i have been using a mortgage payment calculator to calculate my payments on my mortgage. The calculator accurately calculates my monthly mortgage payment. The question i have is previous to the rate cut my capital repayment was 407.57 but after the rate cuts my capital repayment is 572.79. How is it possible that i am…
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Halifax rejected payment holiday! what can i do?
I requested a 2 month payment holiday just to help us out as had an MOT costing £500! They rejected this saying that we had more than 95% debt on the house it is 96%. I called them and explained we are good customers and we have never missed a payment and can they judge on personal circumstances and was told no. I feel…
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Ideas
Hi, I wonder if anyone can give me some advice? My daughter is looking to buy a flat in London. She has been acepted for a housing assciation loan for up to £70,000 + a mortgage. She thinks she needs another £50,000. Like many people, I have money but it is invested and this is a bad time to liquidate. I'm thinking of…
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Any advice??
Hi all, my fixed rate will end this month and we want another 2-5 year fixed rate, at the mo we are with the Principality and will sit down with them next week to see what deals they have, also we've booked in to see Lloyds TSB and HSBC to see what they have too. I was wondering if anyone on here knows of a good deal that…
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Endownment maturity
HELP! We have an endownment mortgage, the larger sum of which matures on the 20th Jan this year. We really don't know what to do for the best. Should we pay it off our mortgage, change mortgage type, invest? There isn't enough back to pay off the mortgage completely and we are expecting two, smaller policies to mature in…
