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Fixed rate mortgage Northern Rock.
My fixed rate mortgage with Northern Rock ends in April. As they aren't offering new deals for existing customers we will go straight onto their variable rate (currently 4.79 i think). The problem is that due to the current financial climate our house price has dropped to about the amount we actually owe on it, i.e. we…
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Open Plan is this the best use of it???
I have A Woolwich Open Plan account. I have £25k in my savings pot and I owe £24k on my mortgage. Is my money in the right place or could I get a better deal/return elsewhere? cslogg
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Questions - Buying new house, letting current one
Hi all, The GF and I are moving in together. We have had an offer accepted on a house. Plan is to rent out my flat, I have spoken to existing mortage provider and I can notify them of the letting and pay an admin fee. Great. GF already has her flat let. Both flats will be let on the original residential mortgages, with the…
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Scottish Widows Bank - Failing to pass on rate cut to SVR
Is anyone else concerned that Scottish Widows Bank appear to have failed to pass on any of the last two interest rate cuts to mortgage holders on their Standard Variable Rate? :mad:
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Post Office Mortgages: Any Good?
Dear All, I'm interested in the current Post Office 5.85% as it appears to be the best product on the market for myself as a FTB, 90%LTV with the option of a 5-Year Fix at what is historically a reasonable rate. As this deal has to be applied for directly, I'd like people to share their recent experiences concerning…
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Post Office Mortgages: Any Good?
Dear All, I'm interested in the current Post Office 5.85% as it appears to be the best product on the market for myself as a FTB, 90%LTV with the option of a 5-Year Fix at what is historically a reasonable rate. As this deal has to be applied for directly, I'd like people to share their recent experiences concerning…
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Govt mortgage interest deferral scheme
it all seems to have gone a bit quiet after the hoo-haa in December. Whats the latest?
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Help finding best 85% or 90% LTV remortgage deal
I have searched the usual methods but am aware that sometimes deals slip through the net so I wondered if people could post the best deals they have come across in these higher LTV brackets. As many people are probably slipping into this bracket I though it may prove useful for others as well as helping me out. Links would…
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Raising cash
We are both retired in our 60s. Own property valued £120,000. We do not want to go down the road of equity release and was wondering if there was any way of releasing cash against our property to improve our every day living. We have no savings. Any advice would be appreciated.
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Reposessions
A flat next door to ours has been repossessed and is a 2 bed for sale at fixed £68K whereas it was previously on o/o £85.5K. Am I right in think that they still owed £68k and the bank juist want to re-coup their money? I appreciate the value may have dropped slightly. There are also 2 other flats in close a 1 bed for fixed…
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ING Direct mortgage - new rate
Just to let you know that the new lower payment is showing online now, for next month.:j (Should be 1.89%)
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Buying a cheaper house...
We bought our house in 2006 for £133000 and we took a 100% mortgage which worked out as £136000 with all the fees added to it. We think our house is probably worth about £140000. We are thinking of buying a house in a different area that is bigger but only costs £125000. So if we bought this cheaper house, I know we can…
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Advice needed please re: estate agency FAs
Hi - hope someone can advise me. We are going to view a house tomorrow - we haven't a mortgage set up yet as we were going to wait a bit longer before venturing into the market again. If we like the house and put an offer in which in turn is accepted is it inadviseable to get a mortgage through the broker the estate agency…
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5 year fixed 4.79% - No Fee Coventry.
5 year fixed 4.79% - No Fee Coventry. £80,000 mortgage. Existing customer pay No Fee new customer pay £995. 5 % overpayment p/a. and Offset facility. Q. Is there much difference in real costs between overpaying and using the Offset facility? 5% overpayment is enough for me at the moment but 3 years down the line it will be…
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Offset v Savings
I have a Barclays (Woolwich) Offset Mortgage with an outstanding balance of £23000. Tied with this I have drawn down £30000 in Mortgage reserve, (overdraft), for an extension on the house. I have a lump sum of £25000 which sits in a "pot" in the account but cannot work out if it would be better to pay this into the…
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Cancelling mortgage DD & changing to standing order?
Hi, quick question...I have a Barclays mortgage and the direct debit comes out on the 16th of every month. I've read that some people have cancelled their DD and set up a standing order for a different date eg. the 1st of every month. Can I just change this myself via online banking or do I have to ask 'permission' first?…
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Woolich/barclays
We took out a mortgage with woolwich for £15200 23 years ago and we still owe £5000. what went wrong was that woolwich found out it was illegal to put buildings and content insurance on mortgage. They dropped our monthly charge to £65 we contacted them by phone and told them mortgage wouldnt pay in 25 years they told us i…
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Reclaiming mortgage charges......
Hi Everyone, Back in 2006 we were having some financial difficulties and took out a second mortgage with Swift Advances for £58,553.00 complete with front-loaded PPI of £5323.00. Unfortunately their punitive rates didn't help matters and we were soon in arrears. They threatened to repossess our house and sent court papers…
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Mortgage offer - quotes don't add up?
Just recieved our official mortgage T&C's and payment illustration, but the figures don't make sense to me: Mortgage £141,000 over 22 years (fixed for 5 years) How can the higher variable rate payments be lower?!? :confused: I'll ring them tomorrow, just wondered if any of you bright sparks knew. :)
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Previous Bank statment.....Used for?
Hi all Can anyone tell me why lenders require 3 previous bank statements? Is this to check and proof of income or is it to check on previous spending to see if you can afford the mortgage. Say if i went low over the last 3 months due to Christmas .etc would i be declined due to my previous spending? Also say if ive used a…
