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New Build Bank Valuation .v. Developers stand off
Hi all, I agreed to buy a home for £184,995, but when the Nationwide valued it the they came back with £175k as I was getting £10k incentive towards deposit and stamp duty (on top of 15% equity share). The house is an ex-showroom house, fully furnished and has been available for some time. I agreed the initial deal with…
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Advice on Mortgages (fixed or variable)
We have recently come to end of a fixed mortgage on our property which we rent out and now have a variable, which has lowered the monthly payments considerably. We also have a The One Account mortgage on our Main Property which is also variable. Should we leave things as they are or shop around for perhaps fixed mortgages.…
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Offset Mortgage
I currently have an offset mortgage with First Direct at 0.79% above base rate and an ISA with £3600 (3.5%) and E-Savings account also with £3600 (1.5%) with Natwest. I'm not really clued up about the offset part of my mortgage and can't grasp how to use this account effectively. I'd be grateful of any advice as to how to…
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RBS keeps taking the wrong amount
I have an RBS mortgage. They have written to me over the past few months to say that my payments have changed due to the interest reduction. They NEVER take the amount they have written to me about. This month they wrote to say 802.89 and actually took 819.83 Feb they wrote 802.89 and then took 822.48 Jan they wrote 836.51…
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Moving house then extending
I am looking for some advice about my current mortgage. We currently have a mortgage for about 90% LTV. We are thinking about moving to another property and we would be looking to extend it. My husband is in the construction trade and he would be doing most of the building work but we would obviously need to buy the…
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Help!
Hi, I'm seeking advice. Our problem is that since being made redundant we've been living off the redundancy money and renovating a property whilst I've tried to find work. We nearly finished the renovation (about a week to go) but we are running out of money. The house we are renovating will go on the market for £100k and…
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Interest-only mortgage - shortfall worry.
I have an interest-only mortgage that ends in 6 years but have no provision for the £55k owing on the capital. I'm self-employed, 56, and my property is worth about 150k. What are my chances of extending the term of the mortgage, or remortgaging with another company? I don't earn a fortune btw, just enough to get by each…
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Mortgages advice-Coventry tracker
Please bear with me , this is my first post:o My husband and I are looking to buy a bigger house and need some advice on this subject. Purchase price of house £266.000, looking to borrow £198.000 Our combined income is at £45.000, we have a small loan of around £2600 left to pay in 2 years and good credt scoring. Our…
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Another request for advice on endowments
We currently have three endowment policies which we need to review on a case by case basis to decide what we should do with each one - surrender, sell or continue with. If we do sell/surrender the aim would be to pay all the proceeds off the mortgage, then use all the saved premium cash to make overpayments on the new…
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End of tracker - Advice needed.
Hi, Bought my house in July 2007 with a mortgage of about £110,000 We got a tracker on the advice of a broker. Went from paying about £650 per month to now less than £400 per month as the rate has dropped so much. My deal is due to run out soon & I'm wondering what happens now? I'm assuming my payments will go up as no…
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abbey flexible mortgage
I took this mortgage out about 4 years ago and I consider myself lucky to have it as they don't do the deal i got any more.I am paying...0.75 above the base rate. i have never used this product to maximum benefit as mortgage was only £12,000.We have borrowed £25 000 more for an extension, so owe £38 000. I don't really…
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How does his work, help please.
Hi, My partner and I are looking to buy our first home. We have looked around and the best offer for us seems to be this 50% shared deal. for this post lets say we have found a home at £150,000 so we need a mortgage for £72,500 and then we pay 2.75% rent on the other half. I get this fine. My question is with mortgage…
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Self build mortgages--where to start?
Has anyone got any experience of dealing with a broker with expertise in self build mortgages? I am becoming frustrated in dealing with a high street bank, who have changed their lending policy since purchasing the plot! Any recommendations? I'm looking for someone who knows the field, and can take the strain with the…
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Erp ?
i have been trying to find a way of decreasing my monthly outgoings. the only way i have found up to now is to re-arrange my current mortgage deal with the same lender. they are offering me a consolidation loan, which means i can pay off my outstanding mortgage and some outstanding loans, this will save me almost £700 per…
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Co-op Mortgage Profile
Hello, We were after some help regarding the co-op mortgage lending criteria. We are on the own home housing scheme and they are putting up 30% of our £135,000 payment effectivly meaning a 30% deposit. The Co-op is the only lender you can borrow from for this scheme and was wondering what the criteria isd they will look…
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Will redundancy affect remortgage?
I'm currently in the middle of a joint remortgage to the Post Office. We've been approved in principle, submitted the full application and will have a valuation on Wednesday. On Friday I was told that my job role was disappearing as part of site cost cutting. I have a choice of applying for other (not very attractive)…
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Mortgage In Principle -Account Details?
Hi there! Calling on the good people on the boards for an answer to a quick question that is probably pretty obvious but would rather get a bit of reassurance on. Myself and partner are looking to get a mortgage in principle so as to make it sure to the estate agents etc that we are in a good position to move if we see a…
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mortgage repayments?
Hi there, i wondered if anyone could give me some advice, i have £102.000 left on a mortgage with nationwide at 5.18%. I recently requested to change the term to end december 2012 with the first payment to be made in april 09. The repayment figure has been quoted at £2499 then i was told the calculations team made an error…
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Government Mortgage Interest Support Scheme & Benefits
Both my husband and I have both recently been made redundant and although I am entitled to redundancy money, I will not receive it for some time as the company have gone into Administration. The scheme seems a good idea and could have really helped us had we been eligable. Both my husband and I have been granted Job…
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Mortgages for over 65s?
I'm trying to source a mortgage for my parents at the moment as they need to do renovations to their current property in order to sell it. My Dad is 75 and his pension is the main income - so the mortgage needs to be taken out in his name. At the moment I've only come across Halifax and Abbey that will offer a mortgage to…
