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Self-Build? or another way?
I am 34, you could term me as a "first time buyer", I am single and I am employed for a company that gives a reasonable pay (and should keep the job for the time being), however I have no real savings to use but my credit status is now pretty good now. I have been working on getting planning permision for a build within…
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mortgage company gone bust - advice or suggestions please
Hi, I took out a 100% mortgage almost 2 years ago with Future mortgages (I think they lend to people with less than great credit). Anyway, they have now gone bust and are no longer doing anything with any mortgages. They are now part of Citi. My problem is that in June my 2 years fixed term is up and I will then go to…
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does the fsa have any teeth
does the fsa have any teeth. have put in a complaint about london mortgage co because the wanted to repossess my home the court came out on my side and they said i had to pay £850 and that was all which is hard enough as it is. but the the lm co are adding arrears fees on top every month. so i put in a complaint to the fsa…
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secured loans included in LTV?
Hi there, I am curious as to whether a secured loan is taken into account when a mortgage company calculates LTV? Ignoring our secured loan we will be just under 75% when our current fixed deal comes to an end . But if it is taken into account by the lender then total LTV will be around 95% (being conservative on house…
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FTB with 25% Deposit - Mortgage advice please..
Hi.. Been living back with my Mum (very convenient on various fronts) after renting for a while but decided to take the plunge. I'll be 26 in a few days. I've never applied for a mortgage and dont really know where to start.. I dont really know what I need to provide but here are some rough stats. I'd probably be living…
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NR fixed rate ending..advice pls
Hello, I'm looking for some advice on what the best thing to do is when my NR fixed rate ends. My fixed rate mortgage Northern Rock deal comes to an end on the 1st March 09 and I’m considering getting an offset base rate tracker with First Direct. The FD deal tracks the BoE base rate at 1.89% above which is currently at…
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Should I cash in my Friends Prov Endowments?
Hi I have 2 small endowments with FP and I am wondering if I should cash them in with the markets as they are and pay it off the mortgage at £500 per month (as I that’s the amount I can over pay by). I would also pay the £40 per month (that I am currently paying to the endowments) to the mortgage instead. I know very…
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please help!
i have a £170000 mortgage with GMAC which has been running for 2 and a bit years. I was locked into a fixed rate of 4.75 for the first two years and that deal ended in dec 2008, i am now on the Gmacs curent svr of 5.75% and so more or less paying around £10 more a month than what i was previously paying in the fixed rate.…
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HELP - DO I need to move my mortgage
I have a £26,000 mortgage £13000 payback and £13000 interest only (Endowment) my property is worth £90-100,000 and my mortgage has 7 years to go. my monthly payments at present are £228.90 Lyn:confused:
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repossession
PLEASE PLEASE PLEASE could sumbody offer any advice , my mother 76yrs got a mortgaga on a right to buy scheme with mortgage express $70,000 , the idea came from my nephew who wanted a future investment . the mortgage is soley in her name and was given to her even though shes on state pension no income other income and is…
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Anyone offer any help
I am posting on here to see if anyone can help with a small problem I've encountered. A Little background first. I work away from home for upto 3 months at a time. About 2 years ago (2006-7), First Direct, cancelled my overdraft and then started charging me overdrawn charges. At the same time, after sending 3 letters, they…
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Why does fixed rate mean roller coaster interest payments?
Hi I just received my annual mortgage statement which shows how much interest I have paid each month over the last 12 months. I am on a fixed rate mortgage - yet the amount of interest varies every month. I thought it would go down a little each month and the amount being paid off capital would go up by a corresponding…
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Friend needs help
My friend has had to put her house up for sale due to ex husband refusing to pay his half of the mortgage and if it doesn't sell will be reposessed, think she has about 3 months to get a buyer. Its on the market for £145,000 but only needs £120,000 to clear mortgage, fees etc she is willing to accept £120,000 from us to…
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New Mortgage
Hi all Having been reading the site for the last week or so, i need to lower my out goings. My biggest outlay is the mortgage which is £883 a month. The mortgage is fixed in two parts pt1 £81,918 over 17yrs fixed rate 5.950% ending 2013 pt2 £26,699 over 17yrs fixed rate 6.490% ending 2017 :mad: total monthly amount £883 a…
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Gordon Brown to bar 100pc mortgages
Just saw this on the Torygraph site. Not often I agree with this gov't, but does seem like a good idea, although perhaps a few years too late. http://www.telegraph.co.uk/finance/personalfinance/4743445/Gordon-Brown-to-bar-100pc-mortgages.html
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Fixed rate 100% mortgage with alliance and lecister coming to end... help!!
Hi All I have a fixed rate deal at 5.25% coming to an end in April. As it is 100% what is the best way to get a good deal? Is my only option to go onto their standard rate? I can't seem to find any deals for my situation All help would be greatly appreciated Taz
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calculating amount of capital paid
Hi Brain teaser for first thing in the morning..... If I pay a 170000 mortgage over 15 years on a 2 year fixed rate of 3.99% with payments of £1256 per month how much capital would I have paid off at the end of the first two years? Is there a mortgage calculator to help with this sort of thing? I can only paid overpayment…
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renew mortgage deal - our fisrt time, any tips/advice
I am sure the situation is very different from what it was not that long ago. We bought our place 18 months back with a 90% mortgage at a fixed rate with Halifax. It is now that magic 6 months before the mortgage ends (at its current rate), so i know i need to look to arrange and renew. This is our fist time for renewing…
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Dunfermline Bs Tracker Collars
i have a mortgage with dunfermline bs, but originally took out my mortgage with gmac, they then sold it on to the above within a month. Today i receive a letter from dunfermline adv me as per my documetation that my mortgage would go no lower than 2.75%. i was never advised of this through gmac (ive got to get the…
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New mortgage
Hi all I;m a newbie I am currently selling my house and i have a fixed rate mortgage with abbey that ties me for another 2yrs 10 m rate is 5.39. I wish to borrow a bit more to move and pay the charge to get out - 1900. To pay off in total it will be 81000 and the house i want is 200000, i will have a 80000 deposit. I have…
