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Bank Rate Crashes down by 50%
Rate reduced to 0.5%
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Chelsea SVR 5.79% - anything that can be done?
SO now BoE has reduced to 0.5% one would hope that Chelsea would reduce the SVR that I have just fallen onto would reduce slightly.. http://www.thechelsea.co.uk/aboutchelsea/rateinfo.html although not necessarily, does anyone have any insight? I know Chelsea are trying to recoup losses made on Iceland investments and would…
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Slow Endowment Surrender
Hi, I decided about a month ago to surrender my two endowments, with Friends Provident and Norwich Union as I nonger needed them and their combined value was just enough to cover the settlement figure on my Nationwide Trust loan. I got surrender values on 11th February and sent letters to both by recorded delivery the same…
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FTB such high rates?!
Me and my boyfriend are looking to buy a new build property on plan with a 5% gifted builders deposit. We went to see an independent mortgage advisor last week who gave us these figures - Working on flat price being£135,000 10% Deposit Deposit10% - £13,500 Mortgage required90% - £121,500 Likely interest rate (per advisor)-…
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BofE interest rate cut by 0.5% to all time low of 0.5%
Thread title says it all!
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Best 85% LTV
Can someone advise me please whether a broker could better this deal Prinicalpaity BS 5.29% 4 Yr Fixed £511 pm No Fee Would you say thats a good deal for a FTB? Other deals i have come across Britannia BS 4.59% Tracker - £479 - Fee £399 N&P Bs 4.7% Discount 4 Yrs - £482.16 - No Fee & Free Valuation
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Northern Rock valuation for LTV
Hiya, Applied for Consent to let from northern rock and it was passed to underwriters who have come back saying the LTV is to high- what I would like to know is where they get their valuation of the house from? Also what are they likely to do if i dont get consent and the tenants have moved in already :confused: I sent…
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re-mortgage to raise £50K for extension - Help!
Hi, I want to re-mortgage my house to build an extension and I have hit the following problem and wondered if anyone can give me some tips and advice on where to go next. My current status: Mortgage: £50K Sale Value of house: £220K Looking to borrow an extra £50K for extension Income: £23K+ Mortgage: Abbey No other debts I…
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Is my ex entitled to 50% of equity if not contributing to mortgage?
I hope that this is okay to ask on here. My ex and I, not married, have a joint mortgage on a property. He moved out 12 months ago and has not contributed anything to the mortgage, at that point I had it valued and the equity was £0. He is refusing to sign the house over, instead saying he will wait 2/3 years for the value…
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Worth buying out of fixed rate?
Hi, Im after advice on whether its worth buying out of our fixed rate mortgage to benefit from the rate cut. Currenct Mortgage - £93000 3 years fixed at 5.49% left - 3% fee to leave I would go to HSBC's variable rate which was 3.94 until todays cut - they haven't published the new rate yet. Any advice most appreciated!…
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Downsizing and porting mortgage Halifax...help!
hi there, I'm trying to downsize to release some of the capital in my home. I've been told that my mortgage is portable but when I spoke to Halifax today the woman said they'd have to go through an affordability application! I'm selling to release money to pay off a credit card and one of three loans. Does anyone have…
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ISAs to Martgage payoff
I have 5 ISAs which are likelt to come down to about 3% interest in 2009. I bought these to pay off the shortfall on my Mortgage Endowment. As my Mortgage is now in the same 3% interest rate region, should I now come out of the ISAs and put it into paying off part of my Mortgage capital?
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what now??
right i currently owe 50,000 pound on our current property, we are renting this out and have been accepted for this property a btl mortgage of 105000 pound. Now i have been told i will need a solicitor, to transfer the funds, he will need to pay 50,000 pound to my current lender to clear it, and then put 55000 into my bank…
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Applying for a morgage
Hi all I wonder if anyone can help me. Me and my partner want to buy a house. I have a normal bank account and credit cards but my boyfriend doesn't he just has a building society account and no credit cards is this going to be a problem? Or will it be ok because I have a credit card and pay all of mine off every month.…
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How to get a bigger deposit??
Can anyone help? confusion with Guarantors? we have enough deposit for 80% LTV. we would like to get to 60% LTV, that would mean that we would need to come up with approx another 40K deposit? if we could get a guarantor, i.e. parents. do they actually have to hand over the 40K for the deposit or do they just sign up for…
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Should I have any problems?
Hi Guys, Newbie poster here - been reading the threads for months, but now feel the need to post. I am currently in the process of buying a house & have my mortgage offer with the Abbey National. I am technically a first time buyer (as it's been over 6 years since I last owned a house) and I am buying a new build. The…
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Mortgage promise to written mortgage offer - how long?
Can anyone tell me how long it should take to get a mortgage offer in writing? If it takes 2 weeks for a buyer to get this, would you say this indicates a problem? It's holding someone up from getting missives concluded - it's not an offer on our house, just someone we know. It's C&G supposedly if that makes a difference.…
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should I pay off my mortgage or save?
I have a chance to pay off the remainding £70k on my offset mortgage, do I do it and pay it all off or keep some debt incase I need to borrow? not getting any interest on savings as interest is too low, what do I do?
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Our Morgage Company will not help us
Hi,i have just joined this forum and wonderd if anyone could give us some advice.My husband needed a triple heart bypass about 6 years ago,he lost his job and has only worked on and off part time since then.We took out a remorgage with a company called Swift 1st,the payments to start with were £555 per month but due to all…
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Do we Re-Mortgage with Northern Rock?
We are with RBS at the moment and on the variable, interest only. We want a more secure mortgage and have decided to go for a repayment. We have spoken to a broker and he has suggested a Northern Rock Flexi mortgage which seems to fit in nicely with our future plans, but we are really unsure about NR. Advisor has told us…
