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Advice on Mortgages.
Can anyone tell me why a Mortgage Advisor in a bank or building society is allowed to be called a Mortgage Advisor? OK, so they have a qualification, but they are NOT ALLOWED TO OFFER ADVICE, as they can only sell that banks products. So they cannot advise you that the bank 3 doors up, has cheaper deals than them.They…
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HSBC Tracker/Fix
I'm just doing a bit or research ahead of meeting a mortgage advisor next week. I am looking for a 5year fixed deal and the HSBC one at 3.99% (£999 fee) looks good. I've also noticed they have a fee-free lifetime tracker at BOE Base Rate + 2.89% giving a current rate of 3.89%. Given that I think that the rate will be cut…
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advice needed please
hello i wondered if anyone could give advice/thoughts on our situation,i will explain and try to keep it brief my husband is self employed in the building trade, i dont work stay at home mum looking after 3 children,in the past my husband has been on fairly good money,but much of the work has dryed up and its very worrying…
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6.8% Fixed for term
First off this is not a mortgage on the open market it is though effectively what I am being offered by my dad. I would like to know who would take a mortgage of 6.8% fixed interest only, Overpay or pay off whenever I like no penalties. No fees No credit search, application criteria or 3 month only offer. 100% mortgage (I…
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Another should I adandon Ny 5 yr fix with Nwide
Hi there, We took out a 5 year fix at 5.89% in August, to cover the last 5 years of our mortgage - value about £50k (about 25-30% LTV). I can now get a deal with First Direct - Offset tracker Base Rate + 1.89% = 2.89% but would have an arrangement fee of £799 + penalties to the nationwide of around £1450. I currently pay…
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Debt and endowment can they be linked?
If you have an endowment which is no longer linked to a mortage but you have old debt from the bank you have the endowment with will they link the two together when you try to cash out or get the surrender value? Endowment and old debit is with Lloyds TSB. Old debit is a credit card and overdraft.
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does this mean you can still overpay?
quoting HSBC so I can increase my monthly payment by 19% without incurring the ERC?
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INterest on a repayment mortgage
I wonder if anyone can help. We have been paying off chunks of our mortgage and paying a bit extra each month. We have a mortgage with C&G who recently (last year) added a £10 charge each time you want to make a Capital Repayment. I was under the impression that each time we overpaid our mortgaged each month as the…
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urgent advice needed
my husband and i are seperating and he is staying in the house house valued at 108000 mortgage we had was 78000 last year. (house requires lots of work) he has been to halifax to see if they would extend mortgage to 30yrs to bring cost down, they have said yes but only reduce it by £40 per month. does this sound right? our…
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What's the best way round to do this..
ok assuming our house has lost value which is hard to tell where we live by guessing we have different options..we are S/O and are wondering what is the best way to buy another 10% pay £1500 deposit if house lost value and therefore own another 10% makes mortage £100 per month more but rent less..around £550ish a month…
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mortgage problems reposession
hi i have mortgage with northern rock in total 92000, which is made up of 125% mortgage deal for 80000 and 12000 of extra loans. my house was valued 2 years ago at 100000 so put on market but 2 years later no joy so eventually thought il put property up for auction as a last resort thinking i was doin the honest thing…
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Mortgage Broker Advice
Do mortgage brokers have to have some knowledge of Insolvency Laws or not. Or do mortgage advisers have their field of experience in different matters?
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Refusal of compensation endowment
Bought endowment one month before they became regulated and told would not be eligible for compensation any answers? Bought through bank who did not inform us it was sold by an independent broker through bank
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residential and buy to let. is it possible??
good afternoon i have found a house to buy in cornwall which has superb potential as a family home at a price of £330k. We have or will have a deposit in the region of £100k and having chatted informally to a few brokers we just about have affordability. My question stems from a seperate one bedroomed building which is…
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Post Office Mortgage
Hi all, I’m hoping for a little help here. I applied for a MIP from the Post Office which was accepted. I have since put in an offer on a house and have had this offer accepted. I’ve today gone onto the PO website to fill in the information missing (e.g. the house and EA address) but in the top it says this offer will be…
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A Few Questions For The Experts!
Hi guys Im looking to get my first mortgage and have a couple of questions: 1. After a fixed deal has ended, if I was to switch or open up a new mortgage deal, how much would this have to be? eg. Lets say I had a 3 year fixed rate mortgate of £50,000 and had to repay back £80,000 with the interest. If I have paid off say…
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Reduce mortgage or not?
I posted this in the financial section but maybe it should go here: Hoping some financial wizards can help me with a moneysaving type issue. I possibly will be inheriting a large sum of money (£50,000) and I am not sure what to do with it. The question is complicated as I am hoping to try and move house in the next year.…
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Duration of fix...?
Hi all. I've just had an offer accepted on a house, and am planning on getting a fixed rate mortgage (less than 60% LTV) as I think rates are more likely to go up than down now. I'm thinking 3 -5 years as I really have no idea what will be going on in the mortgage markets then, but at the same time it's long enough to…
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A&L My disgust at their SVR
I would strongly urge every single person who reads this and has a mortgage with A&L to phone them and complain about the way that they have handled their reviews of their SVR. Its a disgrace. My grievance is with the following practice; 1. Unacceptable delays when reviewing their SVR 2. Increasing their SVR fully in line…
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First Time Buyer help!
Afternoon, While looking on moneysupermarket.com for mortgages I found that local Building societies such as Cambridge BS, and Bradford BS, came out with the best rates/deals for what I was looking for (2 year fixed rate, 85% LTV). I live in Cheshire so am i excluded from going to one of these Building Societies (that…
