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will existing lender re-do checks if i fix with them again?
Hi, looking for some advice! me and OH bought our house in 2003 for 250k so prob worth about that now. we have 120k outstanding on the mortgage and our fix is up in April. my OH lost his job in sept last year and although has another one it is a quarter of what he was earning before!!! - our combined income is around 10k…
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Need to Re-Mortgage - Mortgage Cover
Hi There I am coming to the end of my current fixed rate, and need to re-mortgage. I have Accident, Sickness and Unemployment cover for my current mortgage. It has entered my head that I could lose my job in the coming months (though no real indication of it, yet.) If I re-mortgage, does my mortgage cover basically become…
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Endownment claim - opinions and advice please
Before we married (1989) DH & I bought a house (borrowed £16K) and were talked into taking an endowment. I was wary, but the advisor at the estate agents was so convincing we took an endowment for £20K (an extra little nest egg too we thought). Just less than two years later we sold the house, left the mortgage but kept…
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Repayment confusion
I thought it was simple maths; a repayment mortgage of £100,000 £100,000 over 25 years = £4000 per year plus interest 1% = 1000 per year so total repayable would be: 1% - 5000/year £416/month 2% - 6000/year £500/month 3% - 7000/year £583/month 4% - 8000/year £666/month 5% - 9000/year £750/month 6% - 10,000/year £833/month…
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Brain meltdown due to choosing mortgage!!
Arghhhhh! Someone out there sort me out! We are downsizing to a property valued at 290k, we want to borrow 100k over 9 years. we earn 60k between us. A whole of market broker is advising me to go with the Woolwich 2.74% over base tracker for 2 yrs. But I have seen a HSBC 5yr fixed at 3.99% which seems a good deal- surely…
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mortgage woes, would you have a svr or fixed bearing in mind i hae the cash
ok, here goes ive been thinking about how to explain this most of the afternoon;) we have had a offer accepted on a house for 418,600k the mortgage would be 144k on this. I also have 155k in dubai with my brother in law who lives out there and deals in investments on buildings etc and my plan was to invest this money out…
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Remortgaging and overpayment to old bank
Hi, If an overpayment is made to the old bank when remortgaging (as they haven't taken the final payment into account on the redemption statement), how long does it take for the bank to refund the overpayment. E.g. remortgage to go through on 2 March and therefore new bank requests redemption statement, but that stmt…
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Advice Please
Right here we go I like a lot of people are sitting with a property within negative equity, my 2 year fixed deal ends in september and then it jumps from 5.4% (best i could get in 07) to over 8% meaning a serious increase in monthly repayments. As my situation is currently fluctuating i could be struggling to meet current…
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Switching out of Fixed deal
Hi, Recently, I went to my BS branch to change from my fixed deal to a tracker. I paid the ERC, arrangement fee and signed all the paper work. I had a contract, or so I thought. I got home and was rung to tell me that the branch advisor had made a mistake and I could not move to the tracker, nor any other mortgage with…
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Putting property on the market for rent - help please
Hi guys, I currently live with my girlfriend in a flat and I own a flat with a mortgage which is empty as I live here now. The plan was to sell it on and move into a house together but obviously with the things as they are it hasn't sold in almost a year, so I was thinking of renting it out and using the rent to pay off…
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Mortgage Recommendation - FTB
Hi, My partner and I are looking to buy our first home in the next few months, and I wondered if there were any appropriate suggestions for a mortgage deal. I earn 45k, my partner 23k, and commitments of 370 per month. We have a deposit of 30k, and are looking to borrow 190k (So house price of up to 220k). And suggestions…
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Coventry BS hold rates for SVR and Priviledge mortgages
Just had my monthly letter through advising my new rates (for tracker part :j ) but they aren't cutting the Privilege rate after last month's 0.5% BR cut. :(
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Recommend ME a mortgage!
Hi everyone, I was hoping for a little bit of help in navigating the current mortgage jungle, as my discounted tracker is due up, literally, in days. My house is currently worth about £115k, and my outstanding loan is for aprox £60k with 19 years to go, so I understand that my LTV is on the right side. I earn aprox £42k…
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nationwide mortgages
Just wondered how long it is taking for a mortgage application from applying to getting a offer. We currently have a mortgage with them but are moving to another property, so may be porting our mortgage over and taking another out for the difference. Thankyou
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Principality mistake with my mortgage.
In September 2007 I fixed my mortgage of 120,000 at 6.35% for 3 years with the Pricipality B/S. My mortgage is in 7 parts as I have periodically extended, upgraded the property. Despite the Principality assuring me they had switched all 7 loans to the 3 year 6.35% they did not, they left one loan on the SVR, at the moment…
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Mortgage advice/help, What do u think?
Afternoon Folks, Just in a bit of a pickle really,not knowing what to do:confused: . And after all the fab advice ive seen on here, was ust wondering what your view was on our current situation. Our Mortgage deal comes to an end this month. Our balance is 67,000 with 16 years left. We do however have £8,000 worth of CC…
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Can fa perform credit check on lenders behalf?
Sorry if its a thick question but I was wondering when it came to credit checks for mortgages if it was only the lender authorised to do so or could your fa credit check on their systems (if thats possible?) when applying.
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Mortgage advice in Scotland
Hi there, Anyone got any information as to the best place to go to for a mortgage in Scotland? Also how much deposit is required for us to save, has anyone got any ideas? Thanks :confused:
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tracker rate less than 0%
:D if my tracker rate drops below 0% does that mean the mortgage provider will pay me credit interest on the balance of the mortgage? :D
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FTB Mortgage Problems
In desperate need of HELP! Mortgage declined due to a poor credit score! We NEED the house, what can we do? PS. God help other FTB's if no mortgage on a 15% deposit!
