-
Independent Mortgage Advisors or Not??
It was interesting from a mortgage brokers point of view watching Martin Lewis appear on GMTV Tuesday morning 24th February 2009. He was talking about people that have fixed rate mortgage products and if it would be good advice to leave the fixed product and opt for a Tracker and he mentioned that it would be good to talk…
-
Why pay a broker to arrange a mortgage?
Hi, My wife spoke to a mortgage broker today to talk about a new fixed rate deal. Basically our current deal ends in June (5.14% BOS) and the best the broker came up with was a 3-year fixed at 3.99% - arrangment fee £995 (our LTV is less than 60%) Fair enough - then he says his fees are £300 Now, being savvy, I looked…
-
Norwich Union endowments advice please
Firstly I would like to say I have learnt a huge amount browsing these forums, I considered myself to be reasonably financially astute but now realise I know virtually nothing about the workings of endowments. I have two endowments with Norwich Union, these were taken out to pay off the mortgage (56K) and provide life…
-
FTB Rates and Broker advice please!
My partner and I are FTB have £16000 (10%) deposit for a house up to £160k. We have a mortgage Broker who has suggested 5 yr fixed with C&G at 6.59%. I have seen cheaper 90% mortgages online, Post office Direct 5.85%, C&G online 6.29% and not online but in a bank Natwest can do 6.49%. Questions: 1. My immediate impulse is…
-
Advice Needed for Two Mortgages
At the moment, my husband and myself are paying two martgages, one on the house that we live in (£550 per month) and one on a house that my husband bought before we were together that his mother lives in rent free (250 per month). Is there any way that we could lump these two together somehow and pay less a month as I am…
-
Defaults on Score with Mortgage
Good Morning, I have a quick query, something which has been playing on my mind a little bit for the past few days... I am a first time house buyer and am about to get some advice on mortgages - i have checked my experian report and my score is 650 ish. I was wondering what kind of effect this will have on the potential…
-
Abbey mortgage - T&C's
Hopefully someone can help. We are trying to move house at the moment, but struggling to get a new mortgage because abbey value our house quite low. We are currently on their svr of (i think) 4.69%. If we move house, the LTV of the new house would be approx 84%. Now I dont want to discuss a new mortgage until we move, as…
-
Negative Equity
Well coming to an end of my current 2 year deal and I thought i'd take the time to call my provider, Abbey, to see what offers there were for me. Was looking at 2,3,5 and 10 year fixed deals. Unfortunately I am not entitled to ANY of the deals on the market because the house prices have dropped. So now Abbey determine that…
-
Does mortgage help effect new mortgage?
Hi everyone, I really hope someone can help me! I have a mortgage with my husband. We separated 2 years ago and since then I have had help from the government with mortgage interest and then I have to pay a few hundred to keep up with the repayments. The mortgage remains in both my name and my husbands name, although he…
-
What do I do with my endowment?
Our endowment has 6 years left to run. It was supposed to pay out £55,000 but is currently worth about £27,000. Fortunately, we don't need it to pay off our mortgage! Despite paying in nearly £900 last year, our guaranteed amount only increased by £20. At a growth of 4%, we could end up with just over £29,000 at the end of…
-
another which mortgage question
hi guys we are getting a mortgage for our house and have 15% deposit. the 2 best offers we have been given is either: 3 year fixed at 5.99% or 5 year fixed at 5.99% I cant get my head around whether we should fix it for 3 years or 5. the mortgage advisor said that we should look at perhaps 3 years as by then the house…
-
Gift Deposit Mortgages...??
So I've heard there is such a thing known as a 'Gift Deposit Mortgage'... I've tried to see what it's all about but it's actually quite confusing. I basically have the opportunity to purchase a house actually worth £250K for £200K... through a close family friend however she is not a relative and I am not a tenant which…
-
mortgage [ repayment ]
I am looking for a mortgage for my daughter who has a fairly substantial deposit to put down preferably a repayment one can anyone on the forum recommend one Colin
-
still possible to "release" future equity
Hi all, My OH and I bought our flat for 155k in November 2007, we bought with a 100% mortgage from mortgage express which are part of Bradford & Bingley. Our Mortgage deal runs out in Novemeber this year. The property we bought has a VERY little kitchen and tiny bathroom (approx 1m x 2.5m...just enough space for a shower)…
-
Buy to let or Offset Mortgage
We have 2 properties, one residential and one that is rented that is mortage we own outright. We have an offset mortage of £ 100000 on our home with FD, we have £ 40000 savings, we have 12 years remaining on this mortage. Our home is worth £ 300,000 and the other property £ 170,000. We have an income of £ 55000 including…
-
Which way do i jump
My husband and I bought a house 18 months ago for 210K and have a mortgage of 197K. We have now split up and were advised recently to market the house for 175K if we wish to sell. We have 3 small children so I dont think I can be forced to do this. I would like to movde to Devon and as I am a former teacher I would…
-
Mortgage product expires in July..but on 100% what do I do?
Hi there I have 100% mortgage, I bought my house in July 2007 and it was on a two year fixed deal. The rate at present is 8.04% I am with GE money Home Lending. In July this year the product expires and the rate then goes to "3.6% above the barclays bank plc base rate" Is this the same as the bank of england base rate?…
-
Advice please re our mortgage rates
Our mortgage has not gone down at all during all these recent rate cuts. I emailed woolwich asking why, and the response was that the rates on its repayment mortgages are reviewed annually to allow customers to budget for the financial year. Our mortgage is a lifetime tracker barclays base rate +0.69% which at the time we…
-
Fixed rate morgage
Hi there, We have just been approved a skipton morgage, it is a 6.4% fixed rate interest only. They did not do a variable or tracker:( When we applied, we opted for a 10 fixed option (there was either 3,5,or ten. Was this a good choice, and if not should we decrease to 3 years if we still can. Many thanks Moon'
-
Advice for first time buyer.
Hi, I was hoping for some advice please. I'm a first time buyer and purchasing a house with my girlfriend for 126k, we've managed to save 15% (18900) and got a 2 year fixed rate @ 6.19% APR with c&g. We managed to get the mortgage with a £99 fee hence the 6.19 APR being so high. I've got a couple of question's I was hoping…
