Mortgages & endowments

Discussion List

• Fixed Rate versus Variable Rate Re-mortgage (shared ownership)

  50:50 shared ownership terraced house with housing association. Two year fixed rate mortgage ends this month and financial advisor says to go for 2 or 5 yr fixed deal with £1250 fee as he says it will be very difficult finding a fixed rate deal later on when interest rates begin to rise. Do I go for this or let mortgage…

• ending Nationwide fixed rate product

  My partner has a 5 yr fixed deal due to run out in August. She was told by one of their advisors she could switch out of it up to 3 months early without penalty. When I went in to ask how long this would take to arrange (ie should she request this 4 months before the product was due to end, or just the day before the 3…

• Damsel in distress!!!!!!!

  Hi All I am trying to get a first time buyer mortgage for £62,000 with a £20k deposit (minimum) I have average credit ( would be better if credit cards were paid ) & My hubby's is awful after spending many a year not being responsible!!! we searched the two companies that hold files and found these : he has 1 ccj for 4k…

• re-mortgage

  removed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

• Any underwriters out there? New build flat question

  Hi, I've found some lenders who will lend up to 85 LTV on a new build flat, but I am sure there are certain criteria that have to be met. Does anyone know what criteria have to be met for underwriters to consider lending the maximum LTV for new build flats? e.g. number of floors, units, percent sold, property location, etc…

• Mortgage Advice after Relationship Split?

  Hi, I have recently split with my boyfriend, with who I had bought a house (with a joint mortgage) three years ago. The split is amicable, he has moved out but is paying half the mortgage, while I am living in the house paying the other half of the mortgage together with all the bills. We also have the house up for sale.…

• FTB with bad-ish credit need a mortgage advisor

  Can anyone recommend a whole of market, fee-free broker who would give us some advice? We have a combined salary is £35k and we can get a 10% deposit together for a house well within our budget within the next couple of months. However I have a CCJ hich was paid within a month (I am in the process of getting it removed but…

• End of fixed rate and negative equity

  My partner and I got our first mortgage last year with Nationwide at a fixed rate of 5.7%. Our house value was around 219000 and we put a deposit of 30000 down giving us a mortgage of 189000. After doing a search we see the average price of houses in our road is about 180- 190000. When we remortgage next year will we have…

• Norwich Union/ Aviva

  Can anyone explain what the process is at the moment with NU? Got an endowment maturing in May this year. I think ?? we were due to get a payment later this year and there should be another payment which we wont get because our policy will have matured . Now ,I've read in the papers that this payment may not be going…

• Leave fixed rate early & LTV

  Hi everyone. I've got 6 months left on my £239,000 fixed rate mortgage and am tempted to get a cheaper fixed, or possibly a tracker mortgage as it i calculate it will save me between £250 and £650 per month. My early repayment penalty is £3500 if i leave now and the LTV will be around 75%. If i stay 6 months i may find a…

• Can one person have 2 mortgages on 2 different properties?

  Me and my partner already have a flat which we purchased in 2004 and have a joint mortgage together. Her parents have been living in a council flat and are looking at the possibility at getting their first property due to the falling house prices. Due to their low income (<£15k) they are wondering if its possible to add my…

• To Mortgage or Not To Mortgage.....

  In the process of buying a house and we applied for the 2 year tracker A&L mortgage thru a broker a couple of weeks ago. The vendor accepted our offer on the basis that we would exchange within 28 days. We've got another 2 weeks left, and are concerned that A&L or are broker are being slow and haven't arranged a date for…

• Mortgage options for extension

  Hi All, Just looking for a bit of advice. My wife and I have planning permission for an extension on our property. No real idea of cost yet but working on approx £50K. We are lucky enough to be on the Woolwich base + 0.18% rate at the moment with our current mortgage. A bit under £80K outstanding with about 16 years left.…

• save me time please

  ftb with 10%-20% deposit, what are the best deals allowing overpayment at the moment? more interested in variable/trackers but info about fixed still welcome thank you

• pay off credit cards by upping mortgage available funds

  my flexi-plus mortgage by the abbey gives me available funds to drop down and draw out. I have 15k of credit card debt, the repayments are dragging me down, do I draw on my available funds in the mortgage and pay the cards off??

• Does Abbey do a 95% LTV 5 yr fix?

  Hi there, Wonder if anyone can help? I read in an article that Abbey is one of the only lenders offering 95% LTV at the moment (others being Ipswich and Yorkshire/Clydesdale BS) and indeed their wesite confirms this. However, I rang up and was informed that 15% deposit was the lowest they would be able to give a mortgage…

• First Time Morgage- HELP!

  Hello, My fiancee and I are due to get married in just over a year and are looking to buy our first house. Currently she lives with her parents while I rent. We have done some calculations and believe we can afford about £900.00 a month on a morgage. We are struggling with the deposit as we currently only have £1,500 and…

• leaving my fixed rate deal early with woolwich

  hi all i have lots of queries so any help is appreciated! i bought my house in northern ireland in april 2008 for £130,000. i purchased the property through northern ireland co-ownership - so i only pay a mortgage for 50% of the property (£432 per month repayment mortgage) and £135 rent to co-ownership per month. my fixed…

• Can anyone offer advice on my endowments, please?

  Sorry, it's another one of these questions but I'd be very greatful for advice - in numpty beginner language please, if possible! We have an interest only tracker mortgage with Abbey. It's 0.23% above BofE base rate (tracker ending ending mid March 2010). We overpay each month so that whatever the interest rate, we pay…

• What to do with our mortgage?

  Hi, we are after some advice with our mortgage it currently stands at £54K with nearly 18 years left. We are fixed in with Nationwide for a further 3 years on a fixed rate of 5.44%. When we took the deal out % rates where going up so we thought it was a good deal at the time but obviously now they have dropped we are…