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Transfer of Equity Advice
Hi... I'm just looking for some advice in relation to a transfer of equity that i'm going through at the moment. I have recently split with my partner and she is looking to take the house that we own jointly into her sole name. This is fine with me as she earns more so will be better able to cover the mortgage. We…
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Can anyone help me
I have been asked by Mr Dodd to remove all my threads.
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exchange of contracts
I am one of those still waiting to hear from the abbey for offer of mortgage but just wondered how long it would be before exchange of contracts after the surveyer had been and then having the searches done.Also how long after exchange of contracts is it when you can move. Thankyou
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Cheshire Mortgage
Hello, I am a first time buyer and in the process of submitting my mortgage application through Cheshire Mortgage Corporation (Subprime lender). I have had to go throw a Sub Prime lender due a default I had back in Uni in 2004 and the fact that no banks will borrow to me because of this. I just wanted to know if anyone has…
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Longer term mortgage rates
Hi all, I'm just about to take on a fairly large mortgage, and was wondering what people thought was going to happen over the next 2-5 years. Basically, the 2 year fixed rate that I can get is very attractive, with the 5 year being £300 odd per month more. The $1million dollar question is: Do I want to be re-negotiating in…
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Abit baffled!How does this happen???
Hi, I have a question about mortgages! I was talking to a chap the other day who got a mortgage a few months ago. He said he had got his uncle who he works for to make out payslips for more than he was actually earning just to show the bank!! I know the country is in a mess and i found it unbelievable that banks would do…
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Reclaiming Commission Charges on Miss sold Endowments
I have successfully claimed and received compensation for two miss sold endowments. This afternoon I received a phone call from a solicitor advising that I could also re claim any commission charges that have been paid out to the people/organisations that sold me these policies. I am slightly weary of this as I have not…
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Have Nationwide ever offered longer than 5yr fixes?
Hi all, Did NW ,pre-credit crunch, offer longer fixes than the 5 yr currently on their website. I am on a NW tracker with the 'switch and fix' option. I am waiting for their fix rates to bottom out before fixing for 5, but preferably 10 yrs if one was available. Am I waiting for a product they have never offered!?! Thanks…
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Woolwich reduces fixed rates
Below is a copy of press release, looks like some fixed rates are certainly coming down !! I have no idea if these are the best rates available, but might help somebody !! Woolwich has slashed rates below 4% for borrowers looking to fix for two, three or four years. It's reduced its two-year fix and track mortgage from…
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First time buyer advice needed...
Hi, I'm potentially a first time buyer looking to move in with my girlfriend. She has around £20k in savings and I could raise 5. Currently combined salary is around £46k so have guessed at 150k as a sensible figure when looking online?! 1) is it even worth buying at the moment, or renting and saving a bigger deposit? 2) I…
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Hope for FTBs!
We posted on here for advice a few weeks ago, as novice FTBs who desperately needed some help. We thought we would have no chance getting a mortgage at the moment, never mind a mortgage at 95% LTV with a chequered credit history, and other posters suggested that our house was not eligible for a mortgage as it had no…
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Hi Newbie, Question About Deeds???
Hi we have a mortgage on our house, but i cannot understand why the bank sent us the deeds to our house before we payed our mortgage off?? is this the norm? have all documents since 1884?? i thought you only got these when you paid your mortgage off?? thanks in advance for any answers..
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90% mortgage - need broker advice?
Hi, I would be greatful if a mortgage broker would be able to assist with this. we are looking for a mortgage of £78300.00 (90%) for a £87000.00 property which we have had an offer accepted on. We live in Scotland and are looking for the best mortgage deal. We have already got the TSB to agree in princple to the mortgage…
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How do I work it out?
Two choices both fixed rates over five years. A - 4.39% borrowing £58k with £1250 added to loan for fees £651pcm and £29,229 remaining at end of fix B - 5.09% borrowing £58k £670pcm and £29,046 remaining at end of fix So paid off extra 170 with higher rate but spent £1200 in repayments, does that mean the lower rate with…
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100% Mortgages
Two and a half years ago my partner and I bought an apartment and had a 100% mortgage from Northern Rock. We now want to move to a larger property and have had our apartment up for sale for 9 months. When I first enquired to Northern Rock about additional borrowing, they informed me that it wouldn't be a problem. However,…
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portable mortgage query
If my mortgage was portable and also had an early repayment charge, moving house would still incur the charge wouldnt it? the portablity doesn't stop the ERC, just entitles me the same product on the new house?
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What to do I'm coming off Fixed rate
Hi all i'm coming off my fixed rate and will have my payments on standard variable which is a decrease of 1.44% which i am happy about but what should i do for future years??? will the rate go up this year etc??
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Offset - is it a good idea to overpay right now
Just found out I was overpaying my offset, because of the timing of their annual calcualtion back in October before the heavy rate cuts. Apparently this level of overpayment would have led to paying it off in 15 years (rather than 22). This is a tracker, so my rate is currently 1.48%. the question is, does this temporary…
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Have I jumped through all the hoops yet?!
Hi, I would ask my IFA this but she's on holiday this week! Am in the process of buying 1st house. I now have a mortgage ref no. from Abbey and I'm waiting for the homebuyers survey. I can't ring them apparently- has to be done through broker. Sooooo if I have a ref no. does that mean they have 'oked' us to lend to?…
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Any Advice Please?
Hi Forum Members, I am looking for some 'simple' advice. I am mathematically challenged so anyone who can say do A), B) or C) I would appreciate their input. Currently I have a 5 Year Fixed Repayment mortgage. I am in my 2nd year of this term on a rate of 5.63%. I will round the figures off but they are very close to what…
