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Mortgages & endowments

Archives for March 2009

moving with -ve equity
Hi all, long story short, brought house for 100K with 100% northern rock mortgage, now thanks to "credit crunch / economic downturn" or whatever its called today my house is worth 85Kish. since we brought we have had a kid, and 1 on its way and could do with something a bit bigger, where do I stand? we currently pay £650 a…
Negative equity and secured loans
Hi, I am in negative equity with my first mortgage. I am struggling and wondered if I stop paying my secured loans with picture/WF would they repossess me as they would get zero from any forced sale. Any thoughts
Mortgage needed today
Help neeeded in making a decision. 205k buying with 25% deposit. Not sure whether to go with a fixed or a tracker and how long for. I have been offered an Abbey 3 year tracker at 2.89% above BOE Base rate to give a current rate 3.39%.
Really need mortgage advice!
My mortgage is not due for renewal until next May. It is currently with Alliance & Leister. I have a £85,500 mortgage together with a £5,500 loan. Can I change mortgage dealer if I have a loan incorprated into my deal? This has really confused me! Do I have to pay this loan off for 35 years with A&L and get a mortgage…
10 Year Fixed....Best options?
Currently on FD SVR Offset. Considering fixing for 10 years and was wondering what was around? LTV 60%
Another Mortgage Express Dilemma
Hi, I have been with Mortgage Express for 2 years in November, I managed to get a 106% first time buyer Mortgage just before the crash. As you are aware they are letting their customers jump ship free of charge. ME pasted my details onto a company called Mortgage Force to find me a new Mortgage deal, I also spoke to my…
Mortgage urgent advice needed
We have just rec'd an offer on our house after only 3 wks on market for full asking price which is great. Entry date however is within the next 6 weeks. I now need to find a house for us to move into which is fine as some we are interested in are empty. However we need to arrange the mortgage. Our current mortgage is with…
Just About to Apply, UNTIL!!!!!
I checked my credit file and found the A&L had put an incorrect 2 months in arrears onto my account lowering my score by 350 points. The mortgage lender told me as it was so recent they would definatly reject me. We have bid for the house and have to prove in the next day or so that we can afford it. The A&L have requested…
CHANGE OF MORTGAGE - confused
HI, my mortgage is 1.5 over eurobore (calculated monthly) and with intereset only for another 5 year. Its a revolving credit mortgage. The same bank has come back, after i have explained i need help and said that they can give me a normal interest product for 5 years, but with 0.5 over eurobore calculated monthly again.…
what time do banks announce the latest interst rates?
I was told today sometime?
Do I Need To Tell My Lender...?
..That my income has decreased? It won't affect my ability to pay, it's still very comfortable, but I was wondering if I should tell them? Thanks!
Mortgage lender requesting P60
Hi there, just wanted some advice pls....... We have a mortgage application going through with the Halifax and they have come back to say they want a copy of our P60s for 2007/08. Can anyone tell me the reason they want this? Is it to prove how much we earn? They have payslips etc. The only reason I'm concerned is that for…
Dont understand mortgage calculator..do u?
I was messing around on the BBC mortgage calculator and are now confused. If you put $100k, 25year term 5% rate you get $591.27 repayment $416.66 interst only. Changethe rate to 50% (ok not gonna happen, but still) The repayment is $4166.83 and interest only $4166.66! Meaning you pay 17p more a month, $2.04/year or $51…
First time buyer
Hi I need some guidance! I have been looking at buy a flat over the last few months this weekend found one that I am very keen on. The problem I have is that, as you are all probably aware, to access mortgages at the moment at least a 10% deposit is needed. Putting this together would clear out all my savings. Consequently…
Help! We need to dig ourselves out of a hole.
We are a married couple and have a just turned 50. We have a standard mortgage (which follows the base rate) with Nationwide for £77,600 which is due to be repaid in June 2013 for which we currently pay £165 based on a gross interest rate of 2.5%. Our home is currently worth approx £275,000. We have two endowment policies…
Should we switch companies?
I would appreciate any advice on the following dilemma!! We are in the process of buying a second house for our student daughter and a couple of her friends to live in. As buy to let mortgages are more expensive and have so many hoops to jump through we have decided to raise the money on our current property. We currently…
1st post; looking for a fixed, self-cert mortgage
Hello from a newbie!:wave: I am thinking that now is a good time to find a new fixed mortgage, with interest rates being so low! I need to find a self cert, fixed for 5 years mortgage for a house worth 170K and a mortgage of 100K. Any ideas where to look or who to ask?? Thank you!:beer:
should i remortgage or buy to let ??
hi im buying a property for 200,000 that needs renovation we own a house with no mortgage worth 165000 by b/society valuer we will sell this property once the other is restored approx 1 year.we have 30000 savings and could borrow from parents the rest depending on how much we can borrow ,should we go remortgage interest…
Chelsea question?
I have looked at the Chelsea website but can't see if you can make overpayments on the 10 year fixed, sorry if I missed it but if anyone does know would be grateful for any help. Am considering the 10yr as I like the idea of knowing where we are budget wise, also can it be ported over if we move? Thank-you!
100% 1st time buyer mortgage
Is there such a thing as a 100% first time buyer mortgage nowadays? It's the only way I'll every afford a home probably.

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