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Default on credit rating
I spotted this thread and wanted some general advice. I am hoping to get a mortgage with a 15% deposit and things looked promising until I realised I had a default on my credit rating. This was a debt incurred for an OU course which I paid in full once I realised this was outstanding. Due to a change of address I did not…
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Best 5-year rates currently?
Hi all. Sorry to make my first post a request for info. I was interested in the A+L 5-year deal but was shouted down by the missus on the grounds that ‘mortgage rates are bound to go lower yet’. She’s eating humble pie. Can anyone advise me what currently are the best rates over 5 years? NatWest (who I bank with) are…
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Help with Northern Rock Mortgage
Wondering if anyone could give me some advice, currently with NR with a mortgage of £125K plus £6k tie in fee, of 5.49% deal tied in for 10years seemed ok at the time cause hubby just left navy and wanted to know exactly where we stood with finances. Paying £808 monthly mortage with things today went on interest only of…
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Remortgage questions - fixing rates and general advice
I am due to re-mortgage at the end of November 2009 and obviously would like to fix for a further two years (as I may want to move after this time). However I do not want to risk the rates increasing again and was wondering when is the earliest that I can set a rate (with arrangment fee) with a BS or bank now to commence…
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Would this be possible?
We have a timber house in the uk with a mortgage from the Ecology bs. We want to use it for holiday letting but they are currently saying they won't let us-although we are appealing. Hubbie pays tax in Norway as he works on the rigs and we know Norway have more leeway with wooden houses. We were wondering if we might be…
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What counts as "bad credit" these days?
Hi everyone, am after some advice please. I am looking to potentially buy a house later this year, but have some concerns about whether I will be able to get a "mainstream" mortgage (and whether there are even any non mainstream ones out there any more!). My credit report is completely "clean" up until 2.5 years ago. It's…
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Changing mortgage deal after redundancy
Hi, I wonder if anyone can give me some advice. I have recently been made redundant and have been fortunate enough to get a fairly decent payoff. I have also got over a years salary in savings as I have been planning on retraining for some time now and so was building up a buffer to allow me to do this. I am very confident…
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Mortgage with bad credit - even with a BIG deposit??
Hi All, Thought i would post a discussion in the hope thaqt someone can help! :) I have recently aqquired some money to put down as a deposit on a house, maybe 25/30% (around £20k / £25k) Mine and my partners credit is currently poor due to some previous repayment issues but i am now looking to secure a mortgage. My…
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Mortgage Help for debt
Hi I am writing on behalf of my parents as they are in need of some financial help. Basically having joined the family business 3 years ago (due to a number of problems back then) it has emerged that during the difficult times they built up a lot of credit card and unsecured debt to keep themselves and the business afloat.…
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** The Budget **
Not long now until Darling's 2009 Budget. Wonder what we can expect ? :rolleyes::rolleyes::rolleyes:
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Should I get out of current deal......
to take advantage of the interest rates at the moment. I was a FTB and I'm halfway through a three year fixed with nationwide at 4.9% I took it out for 30 years (ouch). I have looked at other deals like the first direct two year fixed which would save me roughly £200 a month, but maybe I should go for a five or a ten…
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Beware making general enquiries re mortgages
Hi, I'm new to the forum, and the site (shame on me), and would just like to pass on this little gem I found out yesterday. After going into my local branch of a well known singing bank to make a casual enquiry about mortgages I left knowing that I did not have enough info for them to tell me things like how much we could…
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Mortgage Protection Cover Price Rise
Unbelievably unfair!! CARDIFF PINNACLE INSURANCE. I’ve been paying, a rather high priced complete mortgage protection cover for nearly ten years with Cardiff Pinnacle through Northern Rock. It's over seventy pounds a month. Yesterday I received a letter from them saying that because of the financial climate they would be…
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libor rate
i need advice took out mortgage 4yrs ago due to bad credit could only get libor rate mortgage want to know how to get off as has gone up when all other rates have gone down
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What would you do?
Its looking like my other half and myself are to be made redundant,we both work for the same company. We've worked hard all our lives so unemployment and benefits are going to come as a total shock. The only thing thats really worrying us is the fact that we might have to sell our little house or worse still that it might…
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Current Mortgage express rates for B2L
does anyone know what the current B2L rate is with mortgage express? Yes i realise they are trying to get rid of there mortgages but i'm not cinvinced i have enough equity left in the house to be able to move it atm so i was wondering if anyone could give an indication as to the SVR rate they currently are charging?
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Can we claim?
:confused: Our endowment is with Standard Life, it will finish in August. We have had it since August 1987 so it was sold to us before they were regulated. I have tried to read through all the relavant threads, but am still unsure if we can claim. Had phone call from company in the endowment compensation business and…
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getting a mortgage is this financial climate
Cut a long story short from 18-23 my credit was great. I had 10k credit card with capital one, 15k loan etc. Anyways my father died i went into a swamp in terms of my life. I ended up abusing my credit and going bankrupt in 2002, I was discharged three years later and as of dec 2008 my files are apparently clean. Although…
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Lenders that will lend 90% LTV on new build - are there any left?
As per title really. The best my broker can do is RBS @ 7.29%, but I'm aware there are some products that are only available direct. Thanks in advance :beer:
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Sticky Situation
We went to a broker got offer all set up for Abbey 4.69 fixed for 5 yearsborrowing 93k house worth roughly 180k. Repayments £540 per month-booking fee and legals included in this. I then noticed 3.95 fixed fo 5 years, applied direct with Abbey, had to pay booking fee of 995 and valuation upfront. Applied 5 weks ago, got…
