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what is mortgage account fee for?
Hello - I've just remortgaged & have been sent a letter to say its all up and running. The new lender is the halifax & they've confirmed to me that the arrangement fee of £999 has been added to the loan, and then they've also put that the £245 mortgage account fee has been added to the loan too. This is the first I've…
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A + L Valuation of My House
Hi all, I bought my house in Q3 of 2004 for £173000, when I use the Halifax price calculator it says that my house has gone up in value 0.6%, and is now worth just under £174000. When I went to the A + L today they valued my house using their system (which is Halifax price index) at £149000. Is this because they are…
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Mortgage shortfalls
My mortgage will currently mature and the endowments used over the last 25 years will result in a shortfall of 21k. what would be the best way to pay this shortfall without using all savings. I am 53 and would like to retire early if i can
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Mortgage Fraud........
http://www.dailymail.co.uk/news/article-1160878/Eight-arrested-40m-mortgage-fraud-linked-purchase-500-properties.html
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Buy-to-let to normal Mortgage..
i have a scenario I need advice on. 1. Two properties (one is buy-to-let) 2. Sold the live in property moved into buy-to-let 3. no profit made 4. Do I have to change mortgage. I will lose tracker!! 5. When I go to sell is there a capital gain, or do I just switch to standard mortgage to avoid that? Are there any pitfalls…
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Mortgage advice
Hi, I wonder if someone can help. we remortgaged our house about two months before the base rate started to drop. the problem is that we had to move to an interest only mortgage as the payments were going to be in excess of £690 a month. atm our payments are £509 (just interest). we are tied into a Fixed three year…
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worried about remortgaging!!
hi all im after some advice. i am a serving member of the royal air force and own my own home. we bought the house in nov 2007 for 128000 (mortgage for 124384 which includes higher lending charge and fees) we went on a 2 year fixed rate with halifax at 6.79% intrest only. the property has been completely renovated now top…
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Mortgage Possibilities - Creative Advice Needed! - House to sell
Hi, We own a house (with no mortgage) which is probably valued around £220K today. We want to move to a different area and have this week noticed a new build property that we are interested in which has had a significant price cut. It won't be around for long at the new price, so I am thinking if it is possible to get a…
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Offer on house accepted but will fixed rate drop??
We have had an offer accepted on a house and need to mortgage through Halifax (Halifax have kindly agreed to lend on basis of our perfect credit score as we are recently self employed so cannot prove our income - if any other lenders mortgage on this basis, please let me know!) In light of the March 2009 base rate cut,…
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Will mortgage lenders let me go it alone?
Hello, I want to buy my ex-girlfriend out of her half of the mortgage and attempt to take on the whole mortgage debt myself. My question is, will the lenders give me a mortgage in the current climate? The details: House currently worth 172k (very recent evaluation) Out standing debt on house: 150k Current salary 35k I have…
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Does Credit Card Debt weigh more than loan debt when applying for mortage?
Hello, I'm looking at getting a mortgage but I have some debt on credit cards and on loans. I've recently been paid a good company bonus and want to pay off some of my debt. I can pay off one of my loans thus significantly reducing my monthly outgoings or I can pay off one of my credit cards but my monthly outgoings will…
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mtge deal ends july
Hi, this is my first posting and I would really love some advice, my tracker deal ends with the halifax in july - should i go with SVR, fixed or try another tracker?? thanx
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Is there another way?
Just a quick query.... We have a mortgage of around £57,500 - my OH been made redundant, and with his payment and one of my ISA's being cashed, we reckon that we could pay about £38,000 off - we have a fixed rate though, and I think we have to pay about 8% of the figure repayed if it's a lump sum - so just over £3000 for…
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Jumping through hoops to go interest only
I had a GMAC mortgage, which I originally reduced from 30 years to 19, that was sold to Webb Resolutions last year. Because my flat is in a block that requires about £35,000-worth of work, per flat, to it within the next 12 months, I need to save money and fast. So I today called up Webb Resolutions asking to change my…
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Advice on small Standard Life Endowment / Grounds for mis selling
I have a small endowment taken out in 1998 due to mature in 2023. It was to cover mortgage on a property which I sold a few years ago. I intend to cash it in and use the money to pay part of cost of badly needed new car. My question is do I have grounds to say it was mis-sold?* I was aware of the nature of the investment…
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Help Please
Hi My girlfriend is in the process of trying to get a mortgage and if successfull she wants me to move in. I can't get a mortgage as I have to many debt to sort out but my question is what rights do I have if I move in and pay half the mortgage even though it will be my girlfriends name on the mortgage and she would have…
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Enquiry re maximum borrowing
Hi, I guess this is really addressed to a whole of market morgage broker... I'm currently on Northern rock's variable rate. My wife's income has dropped since we took out the mortgage, but mine has increased a bit. Basically, on a joint income of about £30,000, I was getting a quote the other day that we could borrow…
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Mortgage adviser
Hello, Our offer of 250K on a 285K asking price property was accepted. Now we would like to speak with a mortgage adviser about our mortgage. How can I get in touch with Mortgage advisers in this forum? I would like to speak with 3-4 mortgage advisers and go with one of them who can offer me the best rate. Please let me…
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Bank error in my favour
Hello Just looking for some opinion before pursuing this further (and making a fool of myself!) I was recently in the fortunate position of making a lump sum payment on my mortgage, this should have brought the term down from 23 years to 20 years and 10 months. When I got home from work yesterday, I had a letter from my…
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HSBC Remortgage advice please
My graduate mortgage with HSBC is at the rate of 6.99% currently (fixed for 2 years;term finishing soon).Having checked the documents, it says I will be on 'HSBC variable' when the current term finishes.My credit score is not that great hence I am not sure whether will it affect my prospects a good re-mortgage deal from a…
