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Help we need advice please
Hi, I would like some advice about remortgaging please. My wife and I currently have a mortgage on a little one bedroom flat we live in. It is worth approximately £70,000 and we owe just over £45,000 on it. We have a fixed rate of 6.09% that is due to end in June. I work full time and my wife is at university doing a…
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How long do you need to be with an employer for?
Hey all, I changed employer this year. Started new job at beginning of Feb. Prior to this I had been in my last job 5 years. I had a pay rise in my new job. I want to start looking into buying a property (FTB) and wondered how long I should be with this employer before I start looking at mortgages? Does the amount of time…
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Which of these mortgages would you choose?
Which of these would you go for if you were in my shoes? • 2.95% Life Time Tracker at 2.45% above the BOE rate - No exit fees etc so can change whenever. • 4.54% 5 Year Fixed Rate - Plenty of early repayment fees etc • 5.29% 10 Year Fixed Rate - Plenty of early repayment fees etc Basically I'm scared of going for a cheap…
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Mortgage support scheme launched
This thread is to discuss the following news story:Mortgage support scheme launched
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MOrtgage Express / Gmac
Hi Everyone, I am currently on a 2 year fixed rate of 5.99% with Mortgage Express, which is coming to an end by the end of May, afterwhich we go on to 2.05% above LIBOR Rate. My LTV is 90%. My queries are : 1. Do Mortgage Express give any fixed rate for existing customers? 2. Is, yes, when do I call them? Now or later…
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Can I apply for mortgage now that I have a 40% reduced salary?
A week ago we started a 3 day week in line with a 40% salary reduction and I am wondering whether I am legally entitled to apply for a mortgage before my new pay slip arrives at the reduced salary. I am aware that there is a risk that I may be made redundant and be in a worst position, but figure I have 6 months that the…
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Calculate Deposit Interest
Hello all My mum very kindly lent me £13,000 as the deposit for a flat purchase, approaching two years ago. The money was lent on the basis that I would repay the interest that would have accrued if the money was sat in the bank. I would like to give her a statement for the past two years on the 1 July 2009. I have found…
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endowment policys
i am thinking of surrendering my endowment policy and would like some advice.
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Fixed rate and additional borrowing and renting dilemma
Hi, I'm on Nationwide's Base Rate at the moment (2.5%?) and am looking to borrow around £10k worth of additional funds. I've been told by Nationwide that I would need to go to one of their fixed rate or tracker deals which at the moment, I don't find that competitive (I've been quoted upwards of 5%!) I'm a Royalties Gold…
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we dont owe enough money
whilst its nice to know I F say we dont owe enough money to get a fixed rate with them, as we need to owe over 100 K for a fixed rate smashing shame the PO deal is being pulled, as our fixed ends june
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house repossessed with warning
i had a mortgage with northern rock which was going well until i moved to germany for work reasons i missed a payment and subsequently my direct debit was cancelled and i missed 7-8 more payments it was not until i recieved a letter from a solicitor of N/R that i found out they had got a CCJ on me and repossessed my house.…
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Interest only Mortagage
Hello, just tried to put my mortgage on to interest only, too be told that new laws came into place yesterday 20th April 2009, stating that tou must send in evidence of savings/ investments to clear capital at the end of the term. Is this right i can find nothing about this on the net.
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Mortgage offer documents, how binding???
I have a problem with Woolwich aka Barclays over my mortgage. At the end of my fixed rate deal in April 08 i was offered a new product and took Woolwich up on the same, whilst incorporating my original loan and some arrears which i had. (for info original loan £210k, arrears 6k) . Following rate switch signed offer…
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Renewal + further loan - stick or twist?
It's seems nothing's ever easy when dealing with lenders, after a 20 minute phone call my head's a bit fried trying to sort the wheat from the chaff in their conversation - and it would seem I need to make a decision in the next couple of days. The quick and simple of it is this; I moved into a new property last year for…
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Government Rolls out Mortgage Support Scheme
From Mortgage Strategy - Introducer Magazine
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Mortgage for 46yld
Hi I'm 46 years old soon and wondering if i could get a mortgage (about 60k). Any advice such as, is it likely/possible, what lenders and are there any websites i could view to research more info and such like, would be appreciated. thanks kir
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Fixed rate mortgages with unlimited overpayments.
I would like to know if anyone knows who is offering flexible fixed rate mortgages at the moment? I am after a product with unlimited overpayment facility or very generous overpayments allowed. Thank you.
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Bank Of England 'Trends in Lending'
thought this may be of interest to some (particularly the 2nd chapter about mortgage lending)..... http://www.bankofengland.co.uk/publications/other/monetary/TrendsApril09.pdf
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6.59% is it too much
We are thinking about buying our first home. We are both professionals, looking to buy a property at about 300k WITH 10% deposit as first tiem buyers. We went to a consultation with a mortgage broker who told us that the minimum % he can offer us is 6.59. I am not very familiar with the market, but isnt it too much? What…
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Moody, Building Societies and mortgage rates?
I noticed in the financial news that Moody have downgraded the credit rating of a number of Building Societies which in effect increases their cost of borrowing and possibly removes their eligibility for the Governments special liquidy scheme. This downgrading is based on a new "stress test" that assumes that house prices…
