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Wot no good SVR deals for remortgage
I don't want a fix or a tracker or any mortgage that comes with a hefty fee. I would like one of good svr deals that seem to be only available to existing customers, C&G, Nationwide to name a few. I am currently with the Chorley but their svr is too high and would like to keep my options open regarding a 4% 5yr fix if they…
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Insurance as part of mortgage offer...
Obviously when you take out a mortgage on the new property, you have to have B&C insurance in place - but what start date to have it from? Obviously we haven't moved yet, and have no date for moving, it could be anything from 3 weeks to 2 (or more if unlucky!) months...the mortgage provider will be calling back next week…
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Mortgage Life Assurance
Hi all, My boyfriend and I have just bought a house - sorted the mortgage out etc (btw VERY good rate with the Post Office) but I've also seen such thing as 'Mortgage Life Assurance'. I pretty much know what it is from reading the article on here but it's not totally clear whether we need it. I am 24 and my partner is 27 -…
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Mortgage Renewal Advice Please...
Hi, I bought my first house in December 2007 on a 2 yr fixed rate with Northern Rock. Obviously going through the purchase process I became i little more 'mortgage savvy' but I am by no means competent. I am a little concerned about when we have to renew in December this year. 1. When should I start looking/applying? 2. I…
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New deal at Northern Rock
This may be merged with the other NR thread... I am buying a property and have been given a best quote by an advisor for a mortgage with Northern Rock which is competitive based on my own research from other lenders .... just worried that I hear they are not encouraging new borrowers by not giving good new deals and what…
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Mortgage Advice
Hello all .....some advice from you experts would be appreciated here... My wife and myself are looking to buy a place soon - not really started looking but hoping to sort something out in the coming months. We are FTB - earning £65K altogether. We have stable jobs in teaching and in the utilites. We have no debts, no…
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2 unusual questions about endowments
Unusual in the sense that I've done a search of this forum. but I can't find that anyone else has asked these! This probably means that they are numpty-type questions that are blindingly obvious to everyone else - BUT I want to know the answers, so please bear with me.... Numpty Question 1: We've had the 'red alert'…
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SPML 2 Year Fixed Deal Coming to an End !
Nearly two years ago, we took out a 2 year fixed mortgage from SPML. It was a 95% interest only mortgage. The market value of our house then was approx £162k. However, we bought it privately from the seller for £152,750.00. The amount of money borrowed from SPML was £148,750.00 approx. Our fixed rate mortgage ends in Aug…
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Why aren't I allowed a repayment holiday?
I am on an interest only mortgage of 90% and really need to take a month or two off to get myself straight. i have just phoned Cheltenham and Gloucester and was told I couldn't have a break because my mortgage has a lender value of 101% I asked them to explain this as I am totally clueless about such things but wasn't…
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Got mortgage offer, how long until completion
Hi All, We've finally got a mortgage offer for a property we've been trying to buy. All the searches have been done on the property, and all I can see that needs doing now is for the solicitor to receive the mortgage offer, sort out contracts with and sellers and raise any questions. The property is a repossession, so the…
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Second Add on mortgage for new property
I currently have a lifetime base rate tracker (base + 0.49%) and do not wish to lose this mortgage. However i am keen to buy a bigger house and therefore require an add on mortgage for around 50k. Is this a normal procedure? or would i be required to redeem current mortgage and apply for new loan at increased amount?
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Whats invloved in adding a name to a mortgage & how much will it cost
Hi all My fiance is the sole owner of a house. When we are married, the plan is to add my name to, and change her surname on both the deeds and the mortgage. With regards the deeds, I think you just go through the housing association and it's farely cheap (correct me if i'm wrong). What do we have to do and how much will…
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Can I Have A Mortgage In My Business Name?
Is it possible to get a mortgage under a business name? I run a small firm from home and pay monthly rent for 2 storage containers to hold goods, work tools and equipment etc. I've seen a couple of lock ups for sale locally which I'm sure would cost less per month with an interest only mortgage, I don't really know how to…
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Are some lenders waiving early redemption charges?
My Brother is looking to move house, he has to really, but he is tied into a mortgage for 9 more months that would require him to pay a couple of grands worth of early redemption charges. He could port the mortgage but his current lender, part of the Santander group, won't lend him much more. He went to see an IFA who…
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Is It Worth Switching From Fixed Rate To Tracker?
I have a friend who has a fixed rate mortage around 5.5% over 5 yrs taken out last year. He is consdiring paying a ERP and switching to a tracker that would reduce his payments. Is this sensible he says he can add the ERP to the new loan and still save money. If this does make financial sense can anyone recommend a good…
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Ok overpay or buy more S/O..
Ok we purchased a shared ownership property just over a year ago and have got 40% we are paying off, the plan was each year to buy at least 10% and move up till we got as much as poss. But we then realsied that we can overpay up to £990 on our mortgage and have now wondered if that is the better option? we would only ba…
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First Time Buyers - what to do?
Hi. We're first time buyers with a combined income of £61K. The only fixed outgoings we have are £200 per month on a loan for the next 2/3 yrs and we both have HP agreements for a car (which are both covered by company car opt out scheme payments - over and above the £61k basic). We have around £8.5K saved and are in a…
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woolwich payment holiday
Hi, I have a fixed rate mortgage with woolwich with about 9 months until the fixed rate expires, it has a current account that runs alongide it although to date i have never recived a card. Does anyone know whether I would be able to take a payment holiday?
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Norwich Union Inherited Estate Reattribution rip-off
There are about a million NU With-profits customers that are being kept in the dark about this Reattribution rip-off. Check out this link to a really well-informed Policyholder ginger group http://groups.google.co.uk/group/norwich-union-policyholder-reattribution?hl=en-GB?hl=en-GB The NU Policyholder Advocate is actually…
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Joint mortgage with ex who is now bankrupt
Hi I was wondering if you could shed any light on my situation? I have a joint mortgage with my EX GF, she no longer lives in the house and i pay the whole mortgage. Last month she was declared Bankrupt! I cannot seem to get any answers from the OR regarding the house, the house is currently in negative equity. What will…
