-
how long to fix for?
Hi, I am new to this but need some help! I am offered a free 'get out' of my current fixed rate deal as long as I do a new fixed rate BUT how long do I fix for? I am offered 2,3,4 or 7? Rates from 4.2 to 5.2 for 7 year and fees of only £125. I know its the million dollar question but.....:confused:
-
Compo connundrum
I purchased my endowment with Standard Life in 1987 and for the last 2 years I've had the usual letters indicating that it won't pay out sufficiently. When I approached the sellers they said they had no records back that far. So I applied with full history to the Fin. Ombudsman. His reply was that as the endowment wasn't…
-
Should I switch to 2 year fix now??
Hi This is my first post, so first let me say hello. I've found this site invaluable for information, advice and inspiration. The question that I'm pondering at the moment is - should I switch to First Direct's 2.99% 2 year fix now? Some background info: Currently with Abbey on 5.19% fix which expires Aug 2009. ERC with…
-
Gift Deposit from Grandparents
Hi, I am currently being bought out of my current mortgage by my ex partner and am therefore looking for a new house for myself. My Gandparents have offered to pay my deposit for me and I am trying to work out the best way of doig this. I'm aware that gifted money over 3000 is taxable if the giver dies within 7 years, but…
-
Mortgage advice
hey guys and girls, Just want to get some advice on a few issues i have regarding remortgaging. Took out our first mortgage back in 2005. I have a few defaults so found it hard, however our mortgage advisor managed to get us with First National with only a £5000 deposit on a fixed rate for 2 years on a 25 year mortgage.…
-
75% Mortgage Declined by Scottish Widows due to Experian Credit Score
PLEASE HELP! I have had an offer on a house accepted but Scottish Widows have declined to lend us 75% of the value of a property, offering us a 60% mortgage instead (which is not enough). They have said this is due to a credit score from experian that was 41 points too low. There are no affordability issues but on my…
-
I'm a Novice - but considering doing this.....
I'm a first time buyer and considering purchasing a intrest only mortgage. The Wife and I could afford to pay capital back on the mortgage as well, but i'm considering just investing the extra until we have enough to pay off the mortgage in full. My theory is, if intrest rates begin to rise signifcantly, we'll have enough…
-
A and L
first post :beer: ,what a difference a day makes!was holding off as my dicounted rate with A+L finished last month ,and was about to take up their offer of 4.89% on a 5 year fixed with a £300 fee [thought it would be too much bother moving to another lender] :confused: .that was until today when i checked their rate online…
-
Borrow on a 0 % card to pay off mortgage capital?
Would be interested to know if anyone on a tracker at 0.5% has considered transferring a few £KK's from a 0% credit card to reduce the capital? Lower interest over the length of the mortgage v the transfer fee now plus the benefit of reducing the capital whilst interest rates are low. Would welcome thoughts and…
-
2nd opinion please
I have an interest only Mortgage with the Halifax and an Endowment with Zurich. The endowment is forecasting only a 50% return, and still has about 10 years to run. The mortgage is small :beer: to many on here and is only $45,000. Advice given so far is not to cash in the endowment and remortgage as it will be money down…
-
What do you guys reckon??
Its another of those "please can I have your advice" kinda threads :D :D My situation: my 5 yr fixed rate ends in June with Abbey, was on 5.19%. My mortgage balance then will be approx 46K (property is worth about 150k now). It was 60k 2 yrs ago but I have been overpaying as part of the mfit challenge on the mfw board and…
-
Tracker Remortgage impartial advise
Information http://info2remortgage.blogspot.com/
-
What would be the best way to check...
... the realistic value of my house? (apart from selling it!) I am keen to remortgage in 5 months time and I have a decison to make depending on valuation/LTV. I'm aware bank surveyors are going in low (or perhaps being realistic!) but am reluctant to pay for the valuation fee and have to walk away as I did earlier on a…
-
Fixed rate, Northern Rock finishes on 1st May..what next??
Hi I have had a 2 year fixed rate with NR which is due to end on the 1st June. They have said we can stay with them at just below their Standard Variable Rate. Not sure what this is!! Any advice.. do I stay or go??
-
Mortgage l don,t have clue
Hi have been offered £122 for my house I am looking to by at £115, I have outstanding mortgage with the nationwide of £60,000 will need to get new mortgage to make up difference in price to buy house. I am looking for a ten yr mortgage due to my age but don,t know where to begin .Any help would be appreciated .
-
halifax residential to consent to let??
does anyone knw if there is any charge and how long can i turn my currnet mortgage into consent to let for about 2 to 3 years?as i m moving abroad for 2 years?and keep the same deal? i presume i can keep the same deal as its a tracker??? is there a maximum limit for consent to let?
-
moving home and end of fixed rate question
Hi, Prob a really obvious question, but here goes! Our fixed rate with A&L ends in June and then reverts to their SVR. We have our house for sale and will be taking on a much bigger mortgage (currently 50k looking to increase to 150k). Is it possible to change lender and secure a mortgage a new property at the same time?…
-
Repayment to interest only?
My boyfriend and I bought a flat two years ago and have recently fixed a 5 year fixed deal repayment mortgage (bad move in hindsight, but there you go!) Sadly we are splitting up. My boyf is going to stay on the mortgage (in name only) as if they assess my wages singly and don't think I could afford it, they could refuse…
-
Anyone ever worked for Swift Advances in Brentwood?
I am looking for anyone who has worked at Swift Advances in Basildon who can tell me how their accounts are set up and what their reference numbers mean on their Direct Debits and agreements? Anyone?
-
Standard Variable Mortgage Rates
Can somebody please explain to me why the Alliance and Leicester standard variable rate is 4.99% when most others are 3.5% to 4%. There doesn't seem to be any pressure on then to pass on the Bank of England base rate cuts. I am stuck with them for the time being as I am about to finish my fixed rate term and most of the…
