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Flat options this summer....?!?
new thread as the last one got a bit confusing, I currently own a flat with 2 friends which we bought nearly 2 years ago, (may 07) and this summer we had agreed to go our separate ways with our girlfriends etc……. We bought the flat for 172k with a 6k deposit ie. Mortgage of 166k…… I had planned to buy a new flat as had the…
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Natwest tracker rate not reduced yet?
After the latest interest rate drop I have not heard from Natwest regarding a drop in my tracker rate. Has anyone else had a letter or are Natwest trying to hold on until next month again!
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Can I Let My Property on a Residential Mortgage?
I bought a flat recently and am now considering not moving in to it as they have started laying people off where I work. My mortgage is with HSBC on a tracker which is quite low, im half anticpating that they might invoke some rule or say that it cannot be done without beign stung for a hefty re-arrnagment fee or increase…
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Northern Rock Together Mortgage
2 YEARS AGO I TOOK A TOGETHER MORTGAGE OUT WITH NORTHERN ROCK (AFTER MY DIVORCE ), I HAVE A 140K MORTGAGE ON A HOUSE WHICH I WOULD MAYBE GET 125K FOR NOW, AS I AM A DIVORCED MAN I DO NOT HAVE ANY SAVINGS AS SUCH TO PAY OFF MY MORTGAGE ACCOUNT, MY PAYMENTS WILL GO UP TO AROUND £900 THIS SUMMER WHICH IS NOW UNAFORDABLE FOR…
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Help... Switch from Euro Morgage to £ (Property in Eire)
:confused: My question or predicament is: I have a Euro Mortgage for a property in Ireland (Eire). I pay by sending a monthly £ Sterling cheque to the Bank of Ireland in Eire. As the £ has weakened so much I am now paying nearly double the amount in £ Sterling to cover the monthly Euro mortgage payments. Does anyway have…
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Confused? Remortgage or Unsecured Loan
I am a complete newbie with all this so here goes - I am wanting to obtain £10,000 for home improvements. My husband and I are both retired and each receiving a works pension. We have just recently paid off most of our mortgage with our first endowment which leaves us with £12,000 to pay and which our second endowment will…
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First Direct - Life Tracker Mortgage
Hi, I am a first time buyer and I am currently trying to decide what mortgage to go for. As interest rates are currently so low i am thinking my best option may be to go for a tracker as getting a fixed deal at present would mean paying over the odds? A few friends have recommended first direct to me and after looking at…
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Interset Only Tracker Mortgage Should We Start Overpaying In Hope Of Getting A Bigger
Hi I am new to this so please bear with me..... 18 months ago me and my partner bought this house with an interest only tracker mortgage of £111,000 at BoE base rate +1.54. We put £14,000 deposit down to make it up to the £125,000 we paid for it. We have to stay with this for 3 years. We were first time buyers. The rates…
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Commercial mortgages anyone lending?
Hi, Considering buying a leisure business but is anyone lending atm? The buisness has a turnover of around £230,000 & comes with 3 bed house, land & all stock equipment etc. We would need to get around £400,000 putting down £300,000 ourselves. It's all pie in the sky atm but would hopefully be a sound investment & paying…
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Mortgage paid off - or maybe not!!
My mum phoned me quite upset this morning. After years and years of struggling they finally paid off their mortgage in December - or so they had thought. They had used the details given to them to pay off Nationwide by CHAPS for the entire amount. This was an especial relief as my mum has just been made redundant. However,…
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Halifax Standard Variable Rate
Hello everyone, I'm not on any mortgage deal at the moment. I've been on Halifax's Standard Variable Rate for months. Is that a really bad move? It's at 4.5% at the moment, which is quite low, but would i be on an even lower rate if i reorganised my mortgage with Halifax? Thanks for your advice, i don't know much when it…
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Central Trust Mortgage Brokers
Hello ,I really need to some advise as to why I have been sent this letter from a mortgage broker who I used in 2006 Sent on Central Trust Headed Paper Letter reads, Dear Mr and Mrs +++++++ THIS LETTER IS IMPORTANT-IT CONCERNS THE MORTGAGE ADVICE WE GAVE YOU IN +++++ 2006 AND REQUIRES YOU TO TAKE ACTION TO REVIEW WHETHER…
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Coventry cut BTL Mortgage Rates
Good news recieved in the Post today, Coventry Building Society have cut BTL Mortgage rates again. Some of the rates are now at 2.05%. Roll on February!
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Gifted Deposit Advice
Hi all.. Could anybody clarify whether buying a parents house at less than market value would be considered a vendor gifted deposit? Or do lenders consider the difference between the mortgage required and the actual market value to be the deposit? Much appreciated
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What Does 'No Further Borrowing' Really mean?
We completed on a Woolwich tracker on Monday. One of the terms and conditions of the remortgage was that within thirty days of completion we cleared our credit cards and a personal loan and didn't take on any further additional borrowing. This has now been done and we don't intend on getting into debt again however, we…
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B&B Mortgage; Remortgage?
I am heading into my fourth year of a ten year fixed mortgage with Bradford & Bingley/Gordon Brown, with the interest rate being 5.45% As with most of the people having a B & B mortgage, I have the chance, from 1/2/09 until the end of June, to look for another deal and have to pay no exit fees. I am willing to leave things…
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re mortgage
morning !! my head is buzzing as i am not sure what to do ! i am mortage free since july 2008 and now have decided to at a extention on to my house ,i wish i had left a £1 in my mortgage account,then i would not have this probelm ! the extention is going to cost £30000,so do you think i should go for a remortgage or a loan…
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Mortgage payment difficulty advice
Hi, We took out a mortgage for £236,099 with Nationwide in June 2008. The mortgage is over 25 years, fixed for 5 years at 6.23%; 95% LTV (i.e. 5% deposit). The current monthly payment is £1554.56 per month. This means that we have made 7 payments so far, totalling £11,947.55 (due to a higher first payment than the…
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House Pre Nuptial / Purchase Agreement
Hi, Can you get such a thing as an agreement to cover a mortgage / property? I suppose thinking of these matters is a sad sign of the times but I have a duty to protect / advise a family member as they have no experience. I have seen many situations where honest people have been done over and peoples lives can change so…
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Mortgage offer - FTB
I work for a bank and I went to see someone today to see what mortgage deals were available as a member of staff. It is a joint apllication with my girlfriend and we each earn £20k/ year (so £40k combined). We are looking to borrow £100k and this is what was offered to us:- We would need at least a 10% deposit (which I…
