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Fixed or tracker?
My current tracker deal with Halifax ends on Mar 1st. The best deal they can offer me is a 3-yr tracker at 2.34% above BofE. I've gone to a broker who can offer me a 2-yr 3.34% fixed for 2 years from Alliance and Leicester; fees work out about the same for both. So percentage-wise, both deals are equal - but should I go…
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Buying Out An Ex
OK I'm looking for some advice for a friend of mine who is getting incredibly stressed out. The situation is this : She and her partner bought a house together 2 years ago, joint mortgage. They split up recently and she is buying her partner out of her share with her mum going in on the mortgage with her so she can do…
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What Is Realistic?
I would be grateful if anyone has a view on the following: I have recently been made an equity partner in a law firm, does anyone know of any lenders which specialise in lending to individuals in that situation? I know Scottish Widows provide a "professional mortgage" product, however that appears to be more focused on…
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Name removal on mortgage
Me and my partner split some time ago, i took the house on and she has moved out. I can and have been paying for the house on my own with nothing from my ex. The house is in negative equity and still in a faxed rate deal so selling not really an option. She agreed to leave her name on the mortage until either the market…
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Switch & pay ERF or stick with fixed?
Hello all, advice needed from crystal ball gazers & experts. In August ’08 took out a 3 year fixed £230,000 interest-only mortgage on a £660,000 house with the Halifax at 5.89%. So I am paying £1123.87 per month. This has carries a 3% ERF for the first year, dropping to 2% in the second year (which starts November for some…
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First Direct---Time scales
First Direct have Approved my application and took out the money for the basic survey yesterday.How long did you have to wait after the survey stage thanks nyck
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2.5 years left on Fixed rate of 5.2 % with Nationwide
Hi With the recent interest cuts, is it worth trying to get out of this mortgage and get a tracker mortgage or should I just stick with what we have. Thanks in advance Jo :confused:
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confused
i am with Abbey ending a fixed rate mortgage @ 5.3%.April 2009. I am self employed and have been offered a standard rate of 4.69% or fixed rate at 4.59% .for 3 years. with LTV £55,000/ £175,000. with the current situation am i better to stay with abbey or try to find something better. would it be worth looking ?? any…
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First Time Buyer - Best way to get a mortgage?
Hi there My husband and I want to buy a house in the next few years and have been thinking about what measures we should put in place now. I have recently read that lenders will only lend to FTBs with at least a 25% deposit. We have about £30,000 in the bank and would ideally like to use some of this as 'rainy day money'.…
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LTV/Mortgage Advisor Query
How does this work? You approach a Mortgage Advisor and provide him with the following details. House bought for £100,000 in March 2007 on a 2 year fixed Looking to re-arrange March 2009. Have £28,000 in savings so would be 80% LTV at March 2007 price. Ask Mortgage advisor to find us the best 5 year fixed that he can. How…
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endowment with Norwich Union
I have low cost with profits mortgage endowment with Norwich Union with a supposed payout of £5000 when it matures in Feb 2012. It has been going since Feb 1990 and I pay £13.50 per month. So far I have paid £3253.50 towards it. I have just got a statement with a big red warning that it will not pay out the £5000. In fact…
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Deposit question
Hi There, I was wondering whether somebody could answer a question for me. Is it possible to use a house that is owned outright as a deposit for a mortgage without having to mortgage the existing house or take a loan out against it, therefore not causing any extra repayments. Other than the mortgage on the second house.…
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2yr or 5yr Fixed??
I am a FTB taking a Mortgage with HSBC, i orginally though of taking a 2 year fixed although now i'm unsure and think maybe 5 yr fixed is better.
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buying into a property
My parents have a house worth 420/430k, which they have a mortgage for 310k. They want to release about 80k, and i'm looking to get on the property ladder. I can get the mortage for the 80k. Can i get the mortgage if there's already a mortgage on the house? Thanks
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Remortgaging
Hello first time poster long time reader. im currently on a 3 year 'home start' deal with HSBC of which im paying interest only on my original 95% home loan of 165k. The deal runs out in November and im not to sure what im able to or should do. 1) should i wait for the end of the year until my loan flicks over on to…
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Reducing term or payments??
Hello everyone. Have started overpaying two mortgage accounts by £500 per month [limited because of tracker mortgage] Have read on here, and elsewhere that the way to go is to reduce the term of the mortgage rather than the monthly payments, but I cannot get my head around this to be honest. The way I see it my…
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Any incognito Halifax staff? Mortgage advisors?
info not needed
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Market Guard - Anyone know much about them?
Hello friendly people! I just had a call from a company called Market Guard - http://www.marketguard.com/index.html They offer an insurance type thing which means that should your tracker or SVR mortgage rates go up, they will pay that difference from what you pay when you take the insurance out. Personally not for me, not…
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Will it be accepted?
Hi everyone, We went into first mortgage today (our broker) to remortgage, currently on a Nationwide FR for 5 years 6.18% which we only took out last year, 62000 borrowed. We want to add 30k on for home improvements so went in today and applied for a mortgae with Northern Rock, 3 yr FR of 4.19-fantastic. LTV is 50-50 house…
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change of mortgages
hi all, first post!just looking for some advice.i got my 1st mortgage in july last year and prob paid 5.25% .was wondering could i save money buy coming out the fixed term early and starting a new term?the rates are so low just now and just thought i could almost save money.also ive just lost my job :-( and my broker…
