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Surfing the Wave of Variable rates
:eek: Hi all, Like many many other people I came out of a 2 year fix in late 2008 and am sitting happily on a very low variable with the Halifax. Originally I had more than 70% LTV in my property but due to the current market at last valuation in Jan 2009 the house is now at about 80% LTV. I am salivating at some of the…
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Consent to let, end of 2yr deal, buy to let?
I have a fixed rate, interest only mortgage with RBS - my current offer ends in Nov 09, when I imagine I would drop to SVR. Due to an office move, I would like to rent out my flat from Sept rather than sell for a few years. I have contacted RBS and they are sending me a 'Consent to Let' form which only incurs a £100 admin…
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what would you do
my girlfriend has just got divorced she has to give her ex 35% of the house and solicitors fees about £10000 she dosnt have to pay him back untill either we get married,her 9 year old reaches 18,or if she wanted to move house we have looked into mortgages (her house is mortgage free) and at the moment been offered 2year…
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Advice needed - whether to come out of fix
Hi Any advice appreciated. Have 2 years 4 months left on a (3 year) 5.75% fix with Nationwide for £112,00.00 term of 15 years, capital and repayment. Early redemption charge of around £2,200.00. House worth about £375,000. I got a fix as I am a careful borrower not wanting increased rates. Now considering whether worth…
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Overcharged fixed rate???
A friend of mine has received a letter from her mortgage lender saying that, as her fixed rate was higher than the allowable difference between fixed rate and base rate, her mortgage repayments will be reduced by £400 per month even though her fixed rate does not expire until 2011. Is this standard policy for all mortgage…
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get a fixed mortgage now and bank it
right then, ive been accepted for a 125000 pound mortgage with the post office and 105000 btl mortgage with c & g. i apply again for another residential mortgage after i have permission to let?
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Repossessed House
Hi I hope someone can help me with this. I had a house which had an Oakwood Homeloans mortgage on it and a Northern Rock Loan. Due to circumstances and life changes I suddenly found myself in a situation where me and my partner had to move, however this meant keeping the house running on a mortgage so I decided to rent. At…
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Is it decision time yet?
I have a mortgage with A&L for £148k. It is 2 parts:- Part 1 is £68k ported from old house at 4.9% Part 2 is £80k top up at 7% They both have approx 18 months to run on them and I am told by A&L that there will be a redemption charge of approx £4k to come out of the current deals. I need to make a decision wether to…
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Mortgage & Secured Loan Negative Equity And Divorce
Sorry if this post is in the wrong place, but I have so many things to cover. My marriage has ended and largely because my OH wasn't able to live within his means. I earned good money and foolishly kept consolidating with most debt in my name. Joint mortgage is £236K, house value around £235 Joint Secured loan with First…
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Need some advice please - First Active Mortgage/Interest relief? Is he lying?
Sorry this may be a bit of a long one please bear with me on it. Soon to be ex-husband (divorce papers pending) left in November last year, leaving myself and then 4 month old daughter in the house (me on mat leave and therefore low income). I won't go into the details but suffice to say the man is an !!!! and cannot be…
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Advice needed please
Hello, Please can anyone offer me any advice.... I bought my house in June 2007 for 134,500. My mortgage was for 115,000 (over 23 year term) which was fixed at 5.49% for 5 years (till 30/04/12). The early repayment charge (as 31/12/08) is 5,517. The loan outstanding was 110,336 (as 31/12/08). I also have 3,000 saved which…
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walking away from mortgage???
Can someone please tell me how i could walk away from a mortgage? Is it as simple as handing the keys in as it were??????? I assume that i would still have to make monthly payments? The house is in a £27000 negative equity situation after we bought it only 11 months ago. how would it affect me in geting a council house,…
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Northern Rock repayment holidays for maternity leave
As long as I don't screw up any mortgage repayments from now until November, Northern Rock had told me I can have up to a year off of my mortgage repayments as I am having a second baby. I am aware that the interest will be due on the 'missed payments' but am willing to fund this as the money I can save over this holiday…
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self cert help
Hi, can anyone offer any advice , my situation is that i own a small business and am just starting year 3. year 1 and 2 were very poor income wise but i am expecting this to be a good year (even tho theres a recession) i am looking to move to a house worth £250000 i have a 25% deposit i am looking to get a self cert with…
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Mortgage with the Dunfermline BS
Hi We have a mortgage with the Dunfermline Building Society - its a five year fixed rate from March 2007. Does anyone know what is likely to happen to the Dunfermline and what effect will this have on my mortgage? I am really worried as I am in between temp jobs at the moment. Any help would be appreciated. Thanks JakieD
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First mortgage payment - when will it be due?
We are completing on a property tomorrow. We have set up the mortgage to come out on the 2nd of every month. The mortgage is with Abbey. However, no one has told us when we will have to pay our first whole month's mortage payment. Does anyone know? Thanks.
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Morgage with old defaults and confusion
Hi, I am looking at buying a property with my boyfriend. We have a 70 thousand deposit and looking at around £250,000 property. I believe thats the lower limit stamp duty cost. Anyway I have a couple of questions. I have two annoying defaults on my account from 4 years ago. One for a catalogue and the other a mobile phone.…
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Advice on mortgage please - worried we are being screwed
Hi i was hoping to get some advice! my wife and i are buying our first home. we have found a house with beresford adams and our offer was accepted. there financial advisor set up a acceptance in principle with the natwest (in my wifes name only) we started going ahead and paid £470 to the advisor for a homebuyer…
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Calling all mortgage Advisors - Need your Advice Please!
Good afternoon all, Just need some advice on my current situation... Basically my current fixed rate residential mortgage deal coming to an end at the end of May - From my mortgage documents it say's I will end up going on fixed rate with Mortgages PLC (original mortgage provider). However, now want to change my mortgage…
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auction - buying first... mortgage later... any advice?
Hello, I'm hoping someone in the know can provide some advice. We are hoping to buy a house that will be sold at auction very soon. The house is currently reasonably habitable (has kitchen, bathroom, etc) but could do with a bit of work to improve it. That's sort of stage one - stage two would be to convert a large garage…
