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Spanish Repo threat with implications in the UK
Hello All, I want to ask a mortgage related question on behalf of a relative: The situation is the they have a house in Spain and the mortgage is with a large spanish bank. However, they have been experiencing financial difficulties since early last year and the bank had given them an interest only option for six months.…
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Fixed rate end
Can you advise me on what to do about my mortgage?? I have a fixed mortgage for 5 years that ends approx may 2009. I have two interest rates at 5.9500 and one at 5.4900. I have an appointment with my lender on the 28/02/2009 regarding this. I also thought I would shop around the high street, and because I only have 7 years…
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Declaration of trust
I'm not sure if this is the right forum for this, but hopefully some of you might be able to help anyway. I am a first time buyer with no intention of moving until next year. I am clearing debts and saving for a deposit whilst living with my parents. My OH is clearing debts and putting money to one side either to use as a…
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How do I know if I'm in negative equity?
Hello All, apologies if this is a stupid question, but...we bought our house for £179500 and put £20k down as deposit 18 months ago, we are on a 2 year fixed deal with A&L at 5.89% (boo!). As I want to start shopping around to remortgage soon, how do I know if I'm in negative equity? Do I need to shell out to get a…
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Scarborough BS and Skipton Mortgage DD rip off
Hi, I wonder if any of you knowledgable people could give your opinion on this:- I recieved a letter from the Scarborough BS today telling me that due to the fact that they are merging with Skipton, the DD will change from the 28th of the month to the 01st of the month. So the deal is this.. Scarborough will not collect…
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A good mortgage advisor in teeside area
Hi, doe sanyone know a good, free, independant mortage advisor in the Darlington / Teeside area. If you do if you could let me know that would be great. thanks
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Mortgage Advice Needed - Input error!!
Hi, Recently applied for a 75% mortgage with Nationwide. (On a new build, yet to be complete inside) Application got agreed in principle, and ball started rolling. Spoke with mortgage advisor etc who said that as long as all the information given to the company is correct, there will be no problem with the mortgage. So we…
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Am i entitled to claim monies as mis-sold mortgage?
i would like some advice, as i think i was misold my mortgage and wish to claim some compensation. In 2003 i moved house (joint mortgage) to a property on my own, the sale was seamless and i used same mortgage company as advised by my financial advisor to avoid redemption penalty. The Woolwich charged me a redemption…
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Worth paying early exit fee?
Hi, currently on a 4.99% fixed rate with Northern Rock. I have 11 months left on this current deal. Redemption penalty of £1100 to leave early. Approx 60k left, £500 per month, 14years 10month remain. Will it be better for me to leave early, to get a deal on a lower rate, thus, potentially paying my early exit fee?
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DESPERATE, NEED ADvICE ASAP
HI can anyone advise me please? I took a loan out back in (about 2006) with black horse finance. I havent been paying it due to being unemployed, but now they have aplied for an intrim, and i have recieved a a letter from Land registry B136(co) Saying that the want to put a restriciton on my property/land. The only thing…
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FTB - realistically how much deposit would we need?
Was just after some quick advice please If I wanted to buy a house, 50% shared ownership, for £54000, how much deposit would I realistically need to have? Also, what would the repayments roughly be on this? Also (sorry!) I was made bankrupt about 18 months ago, how much impact will this have on me being able to get a…
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Selling an endowment policy
We have just had a surrender value on our friends provident endowment - £12,281.43 - policy due to mature June 2016. It is a with profits policy which we pay just over £50 per month on. If investments grow at 4% per annum it is forecast to pay out £20,400.00 (£18,100.00 short of its target when we started the policy in…
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Fixed deal coming to an end?
Hi all,this is my first post here. Anyway I'm on a fixed mortgage deal with the Halifax which comes to an end soon and I can't seem to find anything in their branches or anywhere else for that matter that will tell me what the interest rate will be when I go on to variable. I hope my my payments will drop significantly as…
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ftb a bit confused by everything
hi guys hope you can help. i'm a (potential) ftb looking at getting a mortgage- but everyone seems to be pulling me in different directions. i'm looking at about 3.5 times my income with a 10-15% deposit, i wanted fixed rate for the full 25 year term but this stopped a couple of years back didnt it? everywhere i go i'm…
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Which 5 year fixed to go for?
My current 5 year fixed mortgage with Alliance & Leicester finishes at the end of June. I don't know if I'm being premature by looking now, but have seen the 5 year fixed offered by HSBC rate of 3.99% and wondered if this was one I should reserve now? I don't know if other providers will offer similar rates if the interest…
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MAS Number five mortgage....isn't following the drop in interest
Newbie!! Just wondered if anyone else can help, or are with this company. Background - I am a single mum of two working 27 hrs per week. I have an interest only mortgage with MAS number 5. I am on a fixed tracker...5.52 %fixed for three yrs started February 2007. I kind of thought with these trackers that the rate would go…
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wait for fixed term to end?
I have a mortgage of £131,000 for approx 19 years - paying £989 pm at 6.15% fixed for two years expiring only October 2009. Early repayment charge is approx £1200. Is there anything I can do considering interest rates are very low now? Or should I just wait till October? If so, what kind of interest rate should I be…
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overpayment Calculator
Hi, Can anyone point me in the direct of an overpayment calculator? Thanks
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Changing from interest only - RBS
Evening all, I'm just wondering if anyone can offer me any advice/information on my mortgage. For the last year I have been on interest only with RBS (debt just short of £65,000). I originally went interest only to keep the payments down because I was in the process of changing jobs, but my pay has now risen and become…
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Endoment to pay of mortgage
I have two endowments one will be due in 3 years and the other in 5 years. As you know there will be a shortfall. Would it be worthwhile cashing them in and paying a large lump sum to my mortgage or leave them to come to full term before paying them toward mortgage taking into account current economic climate
