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First Mortgage payment?
We are currently in the process of buying our first house and are a little confused to how the first mortgage payment works, though I understand the first payment is usually larger than normal. Say we moved into our new home in the first two weeks of May and have requested our payments are on the 28th of each month, when…
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First Direct Fixed Rate: Heads Up
Did you know that if you took out a fixed rate mortgage with FD before 1/1/2005 you may well have been given an "interest rate guarantee" to prevent "rate shock" when the fixed rate came to an end. This, in my case, guaranteed that whatever rate the repayments defaulted to it would be no more than 1% above base rate. So...…
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Cemap module 3-Help
Hi Everybody, :) I am new to the forum.I need cemap module 3 specimen papers,can anybody provide me.it will be of great help. Thanks
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Bad Credit Mortgage
Hi, My boyfriend and I are looking to see if we can get a mortgage a bit later on this year, however I am in a Debt Management Scheme and will be for the next 5 years, and my boyfriend is being discharged from his Bankrupcy in August (fingers crossed). We are very kindly being given a deposit by our parents (who don't want…
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Guarantor reversed.
Hi, I know it is possible in some circumstances for a parent to act as guarantor for a mortgage - is it possible to do thids the other way round ? Could I act as a guarantor for my parents if they mortgage their property - Thanks.
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Northern Rock Together Mortgage
Hi everyone, I am after some advice please. I have a northern rock together mortgage which is on a fixed rate of 6.79% until September 09. The mortgage element only is £ 121,502 and there are 2 secured loans which total £17,317 and an unscrued loan of £ 2,704. I pay aprox £ 940 a month and am struggling to make ends meet.…
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I.F. - can an advisor help please???
Dear All, I hope someone can help with the following: Have an offset tracker on SVR with I.F. Looking to increase our mortgage as we are moving house. We have been told the money has to be put into our current account before we can "port" it over to the new property. So we will have to start paying for the new mortgage…
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Nationwide 10 year fix from 2006
I wondered if anyone else had one of these? I've filed our mortgage offer safely away in the attic, but with all this talk about ditching the fix (which I am not going to do!) I've got an annoying feeling that I can't remember the terms of the early redemption charge. I know it is pretty high in the first few years…
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Temporary switch to interest only
Hi, Bit of back story for the interested: I (unfortunately) bought in Oct'07, right at the peak of the market, getting a 5 year fixed rate mortgage with Nationwide at 5.98%. Given the state of things, I am doubtless going to be in the house longer than I had intended to make my money back.... luckily, the house is of…
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Trafalgar Home Loans
can any one tell me who Trafalgar Home Loans were bought out by around 2004.:confused:
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Woolwich Permission to Let
Currently on 0.29% above base rate tracker with Barclays and want to rent this house out and buy another whilst retaining the current mortgage. LTV is currently 50% - mortgage is £300 per month versus possible rent of £500. Can also afford to run the 2 mortgages. Has anyone had any experience of obtaining permission to let…
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A&L Base rate review?
Does any one know when A&L usually review their base rate? This must be something that they do once a month ish as it is always much later than the BoE change that A&L make changes. Thanks
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CGNU Endowment Policy - Do I keep or sell
Hi All, I have an endowment policy which I initially took out to cover my interest-only mortgage (£39000) back in 1995. It was taken out with General Accident. Over the years, it became a CGNU policy, and now is a Norwich Union policy. When I moved house, I shifted everything to a repayment mortgage, so just kept it going…
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Nationwide making drop lock ption unrealistic?
I'm with the Nationwide on a tracker mortgage for the next 32 months, or so. Currently the rate is 2.74%. So far, so good. For peace of mind I would like a 10 year fixed rate as I can see rates increasing significantly after the next 12-18 months. I do have the drop lock option but so far the Nationwide is offering an…
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few questions about fixed mortgages.
Hello there, I'm moving house soon and moving in with my partner, we both have different views on which mortgage to get, I'm thinking of getting one with one of the main banks, i.e. Halifax. and getting a good deal, whereas she wants to go with a small independent building society i.e. Birmingham Midshires and doesn't mind…
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Interesting...Base Mortgage Rate is cheapest
As a Nationwide mortgage customer luckily on a tracker rate, which expires later in the year, I've just had a quick look at the rates now on offer. Amazingly their BMR is their cheapest rate at 2½%. Their BMR is 'guaranteed not to be more than 2% above the BoE base rate'. So if like me your mortgage is due for renewal soon…
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credit score affecting getting a mortgage!
Hi, I already have one mortgage and recently applied for another one with C&G who turned it down due to my credit score not being good enough. I got my credit report from Experian as I've never been denied credit before and thought I had a good credit score. I saw on here that two payments had been missed to vodaphone by…
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Interest Only or Repayment??
I'm a first time buyer and looking to get a house this coming Summer. House prices are rock bottom now and I have a 10-15% deposit so the mortgage is all go. The question I have is should I get an interest only or repayment? Here's a few hypothetical calculations: Rent is roughly £525 in my area so I'm basing my…
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CIS With-Profits Fund - what to do?
Hi all, I've had a W.P Endowment fund with the Co-op since April 1991, paying £23-10 per month for 20 years (sum assured is £5000). In mid 2007 I changed bank account and the resulting confusion with direct debits etc. meant I had to pay several instalments to the Co-op by cheque before the new direct debit kicked in.…
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Overpaying a Britannia mortgage?
Does anyone know the process for overpaying a Britannia Buiding Society mortgage - we have a 5 year fix and want to start over paying a little but there is no info on their website. We did make a one off payment at a branch in our first month but its not easy to get to for me and hence I'd like to do it online or by phone.…
