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When will deals be updated by latest rates cut?
Hi, First post so be gentle! I just wanted to know if anyone had a rough idea of how quickly the lenders will update their products to reflect rate changes (assuming they do at all)? Was about to settle on a remortgaging deal last week but thought I'd hold off again until Thursday's announcement. Cheers,
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Could this have a negative effect?
Hi all, On the 23rd of Feb 2009 I was approved in principal for a £90,000 mortgage with the Post Office. I now need to increase this to £103,500 - is this ltoo soon to reapply, and am I likely to be refused for applying twice in a short period fo time? Paul
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Remortgaging - How Does It Work?
Hi All Would appreciate your help with this. We have arranged a remortgage to cover the outstanding mortgage and credit cards, but can someone please tell me how the credit cards are paid off? I know this sounds really stupid but my understanding is that the old mortgage will be paid off, the solicitor will take his cut,…
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Agents trying to sell me mortgage?
Hi there, We've just put an offer in on a 3 bed house and the agent is asking us a number of questions regarding our financials such as how large our deposit is, where our mortgage is and how we are going to pay. They have also said by law (stating the financial ombudsman) that they are required on behalf of the vendor to…
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Northern Bank
Has anyone any information re the Northern Bank,based in Northern Ireland. I see they are owned by Danske Bank (Denmark),but have not come across them before. I am looking at there range of mortgage products and they seem to be pretty competative.
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HELP!!!!Abbey Mortgage complaint in dec 2007and dont know where to go from here.
Hi All Back in Dec 2007 my parents mortgage package 9and not the second loan) was due to expire so I ran Abbey to find out what packages were available whihc we have never had a problem with before, and compared the rate with what was on the net and foudn they were reasonable. but was on hold for ages and ages, and rang…
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£14000, Garage/Mortgage - Deal or no Deal?
Hello MSE's.... Here is the quandry I am faced with... A year into a new job since being made redundant, I invested 6000 into an ISA (wife and I) and then the rest into Icesave ISA and bank account. :eek: Now that we have the cash back from FSA/Icesave :T I am stuck. My ISA I can deal with - but the Icesave cash and…
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Worrier in Advance!!!
Hello All, Any answers, advice on the following greatfully received. We currently have a fixed mortgage with Chelsea. It was for 2 years & is due to end in April 2010, the rate is 6.39%:eek: . Our LTV is currently approx 80%, now I have recently been on their Website and see that their max LTV is roughly between 60 - 70%.…
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Repay mortgage tracker or save? Help!!
Hi everyone, Until a couple of days ago I was convinced the best thing was to use some or my savings (~£10k) to pay off some of my mortgage, but having read the advice in Martin's "Should I repay or save" article now I am now so sure :confused: . Basically I am on a tracker mortgage at BR + 0.36% (so currently 0.86%). I…
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which motgage is cheaper
ok according to my calculations the 3.69 is cheaper but spoke to alliance and leicester on the phone and they reckon the 3.19 is cheaper heres the two mortgages im considering 3.19% until 30.04.11 product fee is *2% or 3.69% until 30.4.11 product fee 0.75% are alliance and leiceste trying it on ?? thanks
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what to do with endowments now..
..sorry if this seems like a really dumb question, but we replaced our endowments 3 years ago with a repayment mortgage, and were advised at the time to continue paying the endowments as savings ( 3 separate endowments, 1 taken out in '87 for 45k, 1 in '94 for 25k, 1 in '96 for 15 k)...is this still the right thing to be…
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how to settle a joint mortgage?
Hello, advice needed please. My girlfriend and I bought a house in April and we have agreed to end our relationship for different reasons. Now we have to decide what to do with the property and its contents. Of course I want to keep the house but so does she, and we both have our reasons for wanting to keep it. For me it…
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quick Q re mortgage offer Vs house price
Hi all, Been offered a Mortgage for 100k, I have found the perfect house for 100k, will they company offering me the mortgage let me kave the full 100k so then I don't have to pay the deposit out my own money?
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Claiming back mortgage fees
As a result of the recent High Court decision, I am wondering if we are likely to see Mortgage companies reviewing the £35 per month (for mine anyway) charge made for a letter advising you have arrears on the account? We have had a problem for over a year with wanting to pay the mortgage mid month, rather than the…
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daughter's dilema
My daughter cannot meet her mortgage so I have decided to help, she has 12 months left on a fixed interest only deal with bank of ireland. I am guarantor on her mortgage but not on the deeds. My problem is should we remortgage now or wait and I take out a new mortgage in a year. I am 54 and have a good job own my house and…
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Endowment shortfall choices?
I have a £67000 mortgage, which is part repayment and part endowment, the £45000 endowment is with Scottish Widows, however they are predicting a shortfall of £18000 at 4% growth £13000 at 6% growth and £6000 at 8% growth.The policy is index linked, not with profits, i pay a premium of £67 a month and there is 10 years and…
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Northern Rock SVR
Have they reduced their SVR after the latest BOE cut last week?
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Help with Bank of Scotland BTL mortgage
Hi, My wife and I bought a flat as an investment and got a 3-year-fixed buy-to-let mortgage with Bank of Scotland. The rate is 5.29% and comes to an end in June. We borrowed £79k against a valuation (at the time) of £93k. While I'm confident long-term that the property will be worth well more than this when we sell it for…
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Abbey offfering existing lenders "great deals". Good or not?
Just had a letter from my lender the Abbey, offering to repay my early repayment charge and transfer me to a lower interest deal. Not sure if this is worth doing, always a bit suspicious. £150 k fixed rate mortgage at prsent but would love to reduce monthly cost. Tracker or fixed? Abbey or not? should I wait. Much…
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Who owns my Mortgage?
I've heard a lot about securitization lately, but it is all a bit over my head. I have a mortgage with the Royal Bank of Scotland. But do they really own my mortgage? And if not, and they have securitized it, who would legally be entitled to chase me for repossession in the (hopefully) unlikey event I was ever to find…
