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Banks interests rates have risen since quote
Last thursday we saw bank for a mortgage quote.It stated that quote was valid until close of business.It was on monday when our offer was accepted that we gave our ma (mortgage advisor) the go ahead and supplied her with all neccessary statements etc.Yesterday we received the final financial summary which was signed and…
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Holiday Let Mortgages
I'm looking to buy a studio appartment in central london. The studio will cost around 200K and I'll put down around 50K. It'll bring in around 1200 pounds per month year round. I don't seem to be able to find any holiday let mortgage providers. Any one in the same boat who can suggest someone currently providing? Have just…
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Got 100% Mortgage last year jan....
Im 21 and managed to get 100% mortgage just before the "poop hit the fan" we got a 2 year fixed rate .... any prediction on how things are going to pan out over the next 10months..... Our interest rate is 6.18%.... Do you think I will be in line for big savings when it comes to it?
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10 year fixed rate
Hi We took up a 10 year fixed rate mortgage in October last year the interest rate is 6.4% Are there any 10 year deals out there at the moment that we could switch to and recover the £3000 fees that we would have to pay for early cancelation or should we sit tight? Any thoughts appreciated Pete
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Advise needed on a 100% interest only mortgage
delete thread please
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morgage endowment
hi asking this question 1 year early but it is playing on my mind:) ive an endowment for part of my morgage due to end next april,what do I do with this money,Do I stick it in a bank:) or pay it to lower morgage and accept probably the charges (with abbey)
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Help / Advice required regarding a Remortgage
Hello to all I am after some impartial advice if anyone can help. This has probably been asked numerous times in the past but here goes …… I am currently going through a separation; we purchased a house for £400K 2 years ago and took out a 250K interest only mortgage. This deal has now expired and we are currently on the…
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Why are u upset with lenders that don't pass rate cuts on?
Of course some lenders seek to safeguard the needs of thier savers, some of whom rely to a great extent on income from savings accounts. Lenders cannot pass on rate cuts without causing old ladies extreme income reductions. To make sense of any debate one must remain impartial and objective. Children tend to see things…
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Double charge for mortgage discharge in Scotland
Please help if you can. I have just paid off my mortgage last month including a mortgage discharge fee of £250. I rec'd the deeds and a covering letter which says that as I live in Scotland I must appoint a solicitor to fully discharge the loan. I phoned a solicitor & they said yes I must do this, cost £122, to register at…
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Starting to worry now
Hi all, I have had a mortgage agreed in principal through the Post Office. I recently received my credit reference file which stated that I have a default on my account. I was unaware that I have a default but I do remember the situation and have provided full details on my full mortgage application form. The account has…
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GE Money-charges
I have about £350 mortgage arrears with GE money. This has created £40 per month charges so I also owe about £240 in charges which is a seperate account apparently. Due to the recent rate decreases I have received a letter every time informing me of the new repayments. For example in January they wrote "We are writing to…
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mortgage overpayments
Hi I have the following any help would be appreciated so I can pay my mortgages off asap. Interest only £23,248.79 2% interest finishes august 2013 overpaying by £185.00 a month Repayment £17,287.03 £298.89 a month not overpaying fixed rate until dec 2012 6.69 mortgage finishes dec 2014 Repayment £17,657.73 £252.40 a month…
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should I use Financial Advisor
Hi there, I would be really grateful for some advice. I'm looking to remorgage for 70K on a property worth about 300k with an outstanding balance of 40k. We have seen a Finacial Advisor who seems fine and found a deal with Woolwich fixed 5 years (we want to pay off mortgage in 6 years, if poss) for 4.49. Trouble is I've…
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Endownment/Leasehold stress!
:eek: Im not sure which way to turn...I have a C0-Op endownment policy on my property which will mature in 2013...considering the current climate I'm not confident that it will cover my mortgage...to complicate matters further the property is leasehold with not many years to run ..I know I should get the freehold and…
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HELP PLEASE!!! ERC's - Nationwide BS
Hello everyone - advice required please! (I'm new to this so sorry if this is a little long-winded!!) I currently have a 2 yr fixed rate deal with Nationwide, with an ERC of 2%, which would equate to roughly £2000. Last week a Nationwide branch confirmed this figure and said I could leave my current deal and revert to…
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Direct Line Mortgage rate
Hi all, New to site so go easy! I am with direct line for my mortgage, I was on a fixed rate that came to an end late 2007. As the fixed rate has ended I'm now on their standard variable rate which is currently only 2%. I'm not sure if new customers can get straight to the SVR morgtage or have to have a fixed deal first,…
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Northern Rock SVR Customer...
Looking for some external thoughts on current situation. I did look in the Northern Rock thread, but it's a bit big an unwieldy now, so thought a new thread might be best. I just had a call from Northern Rock, trying to encourage me to speak to one of their recommended brokers. Background Bought (new build) for £271k in…
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Mortgage Advice. First Time Buyer 'professionals'
Morning all, Just after a bit of advice really, anything that can help whatsoever would be great as I'm a novice at the housing game. I'll set the scene, I'm 25, my wife is 24 and we have been renting a house for 6 months since we got married (£650pm) in Cardiff. We are thinking about buying a house in the next 6 months or…
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can i be added onto my boyfriends mortgage?
hi, i have been posting recently under my other thread 'mortgage declined -can anyone help?' and that was to seek advice on what me and boyfriend could do about getting mortgage in both our names with a 10% deposit. however, it seems this is not possible for us as i also have bad credit showing on my report going back 4…
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Overpaying WITHOUT altering the term
I have a Bristol and West mortgage (2% below SVR) until October this year. The deal with overpaying is i can pay a lump sum up to 10% (but minimum £2,000) of the remaining balance (162k on a 171k mortgage). I have till the end of this month to decide to make an overpayment before the financial year ends, after which i can…
