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Interest rates
I know no-one has a crystal ball, but I've not heard of any expert commenting on how soon, when/if, rates are likely to start to rise again. I've looked into a fixed rate mortgage and there are some quite good deals around but I don't mind taking a risk on a tracker if it looked like rates would stay around current rates…
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Further Borrowing for extension.
I am curently in the situation of needing a larger home - extra child!! - and for the space i need this would require spending £200k+ on a new house (which frankly i cannot afford)! I currently have a 2 bed house and had plans drawn up to extend to 4 beds, also creating extra reception room. The problem i have is that…
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Borroweing money to reduce LTV
Hi At the moment our LTV is approx 85-90%. We are considering borrowing money from my wife's parents to get a lower LTV and thus a better fixed rate when we remortgage. When we do remortgage do we have to advise the bank/building society that we have borrowed the money? Thanks! David
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What do I pay first
I want to keep my ltv as high as possible and I have 5k to pay off my mortgage before the June anniversary date. the mortgage is interest only self cert fixed for two years with Cheshire. They asked me if I wanted to pay the £5k off the interest or capital...I not sure which is best to do. I dont necessarily need my…
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Switching to Nationwide fixed rate on shared ownership flat?
I would appreciate some views on my situation. I have a shared-ownership flat, 40% owned/60% rented, bought in November 2006 (valuation was done in August 2006). I came off a Nationwide fixed rate in December and am currently on SVR (paying 3.5%, dropping to 3% next month). I have recently made substantial overpayments…
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Mortgages and Real Estate Loans scams
As we know, there are so many scams in the mortgage and housing industry. I have read. some good article written by the Carolyn Warren, a Bizymoms Expert in Mortgages and Real Estate Loans on http://www.bizymoms.com/experts/carolyn-warren/index.html. Her book, "Mortgage Rip-offs Money Savers", gave me the insights to how…
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Early Repayment Charge
Hi All, I am thinking about selling my house and moving into renting accommodation during the downturn. However I will have to pay an early repayment charge (3% of outstanding balance). So is will be 6k. Is there any way I could get out of this? Apologies if I am naive asking this question, as I signed the agreement.…
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A question for mortgage advisors.
It seems from reading this forum that quite a few people have been given a mortgage offer in principal only to have it withdrawn some time later. My limited experience with offers in principal is that assuming that you are able to fully evidence the information in your application ie earnings, no adverse credit and the…
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Loosing too much on my endowment shall I surrender it?
Can someone advise me please? I have a unit linked endowment policy that has been running for 10 years with Countrywide assurance for £25,000. It is not linked to my mortgage and I have life cover. I called for a surrender value they stated I had paid in £11,500 and the surrender value is only £8,983. It was running on…
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B & B Mortgage
Hi I am three years in to a ten year fixed mortgae with Bradford & Bingley at 5.49%. As with most of the B & B mortgage customers, I have been offered the chance to look for another deal with no cost to me until the end of June. So far I have not seen anything I think would be worth swapping for, working out good rates…
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RBS lending criteria
I am hoping to take out a RBS mortgage but am concerned that I will pay the arrangement fee and then possibly be turned down because I have a tenancy agreement on a BTL property which only has 2.5 months left to run. The RBS advisor has told me that it is a potential stumbling block. Has anyone been in a similar position…
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mortgage calculations
eg: if you had a 110000K mortgage at 6% it would bde approx £550 on an interest only but on a repayment it would be £xxx.xx? how do you calculate the repayment figure?
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Help needed re:mortgage overpayments!!
I need some help please! I have been overpaying my mortgage for months and have been reducing the term. At the end of the mortgage life of two years I was in a position to pay off the outstanding balance, which I have done. So I started with 41K .Over paid 4500. and paid 8k in monthly repaymnents. (approximate figures) I…
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long term fix at max ltv?
hi when my 2 yr fix comes to an end in july 09, i will go on the svr but will want to go on a long term fix like 5-10 yrs as soon as possible. My 3bed flat was purchased for 165k with a 15% dep of 24K (near edinburgh) so what are the current rates for long term fixes for people with 85% LTv or poss even more? i might…
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Abbey and mortgage application - need Urgent help
Hi i have recently got a mortgage in principle from the abbey via a broker. they sent the applciationa nd abbey did the credit check and this was fine. they then asked for the valuation fee and i paid this, and i waited for them to arrange the valuer to go to the new house. Then last weds when Abbey had a major company…
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what are her rights? advice following relationship split - joint mortgage holders
My daughter has just split up from her boyfriend of 5 years. They have been living together for 3.5 - 4 years. They are both joint mortgage holders on their property which they bought 18 months ago. They put down a large deposit to purchase the property - he put down 70% of the deposit, she 30% . They have paid the…
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Set fees or % of loan required
I'm vaguely keeping an eye on rates as I'm due to remortgage in around six months time, I know that fees are now a major part of the situation these days, the trouble is with a loan requirement of around £57k paying £1k to remortgage is pretty major, does anyone think that lenders might start using % of the loan to…
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4.79% from Skipton. Is this the best 10 year deal ever.
I have just been on the phone and Skipton have offered me a 10 year fixed at 4.79%. The set up fee are £848. It for 60% Loan to Value. Also 10% per year overpayments. I`m speaking to the mortgage manager tomorrow to complete the application. Sounds great to me. Can anybody see any pit falls or is there something better…
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Halifax port help
I have a mortgage with Halifax which switched from a 2 year fixed to the SVR 31st December 08. I want to move and downsize but have the following problem, does anyone know a way round it? Current mortgage £201,865, new mortgage would be for approx £150,000 on a property I want to purchase at £166,500. Halifax won't let me…
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Question for the Mortgage Advisors
Hi, I am seeking mortgage finance. Assume that I have decided on the type of mortgage product that I want and that I meet all of the general criteria required by lenders (i.t.o. salary, credit history, deposit etc). What criteria will an advisor consider in selecting a product for me - will it simply be the one with the…
