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Should I get a mortgage?
Hi newly registered to the site but I have been reading information on the forums for over a year now. My question to you all is should I get a mortgage now or carry on saving til the end of the year and get one then? I am a contractor so the rates are not the best. Any advice is greatly appreciated. Thanks Chloe x
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Alliance and Leicester 3.99 Loan to Value
Recently applied for the A & L 5 year 3.99% no fees. Got a phone call yesterday to say that the LTC is short of the mortgage I require. I need at least £121500 and they can only offer £120,250. This must have valued my home at around £185,000. I asked they for the exact fugure but was told that they cannot tell me. I also…
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FTB - please advise
Hi all, I have tried searching the forums but have had no luck finding what I'm looking for - I'm hoping you can help. OH and I are hoping to buy a house at the end of 2009/start of 2010. I'm on the home straight of my teaching training course. As I teach a shortage subject the odds of finding a job are in my favour. OH…
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If I move house and need a bigger mortgage will they extend my current mortgage?
I've got a portable lifetime tracker(base +.89) with the woolwich, about 9 yrs left to pay £130k on a £400k house. If we move to a bigger house and inrease the mortgage by say £50k will they extend this mortgage to £180k at the same rate or will I have to take out a 2nd £50k mortgage? I'll try and give them a ring but just…
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Lifetime Mortgage / Bankruptcy / Debt Question
Hello everyone I have a question, and I hope that someone can help. Not sure if I'm posting in the correct place or not?? My parents are in a really serious financial mess. they own their home, but have a lifetime mortgage (equity release through Norwich Union) that they did some time ago, to try to help pay off some of…
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Holiday Breaks
I have been with Northern Rock since 2006, they wont give me a new mortgage as im an existing customer, We are looking to remortgage so my question is this, Im entittled to 3 months holiday break, would i be left with a final bill if i took them and does it affect your credit rating? My thinking is that if were entittled…
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A&L 3.99%/Council Right to Buy Issues
Purchased a Right to Buy 3yrs ago on a discounted variable rate which finishes on May 19th. Got A&L 3.99% 5yr fixed on the table at the minute but here the problems start. 1. Because it was originally my partners house and I had not lived in the property long enough the original broker (Home&County)+ Preferred Mortgages…
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New mortgage to pay back LSC
Hi & thanks in advance My partner currently owes LSC just over £12K as a debt against her property from her divorce. Interest is accrued at £1.56/day (8% interest!!!!!). I would like to get some help about the best thing to do about repaying this money. Is it possible (best) to get a small mortgage to pay back the money…
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janeyp
I recently read an article on reclaiming commission paid to a broker from the lender of a mortgage. Quite a few mortgage lenders were listed as paying this fee without disclosing it to the borrower. My mortgage lender was listed and has obviously got me thinking! Anyone know anymore about this?
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leeds building society 10 year fixed 5.25 (85% ltv)
I was thinking of fixing for 5 years but 10 years at 5.25 sounds quite a good deal when i'm sure rates will (in a year or so) start creaping up again. What do you think? Its so confussing! Guess its down to personnel circumstances?
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To be on the mortgage or not?!
Hi, I am actually a MFW at the minute but will will be putting the house on the market in a year and we are not sure how this would work... The mortgage we have at the moment is in the DH's name as he bought the place before we were together. I have worked, but am now a housewife with my 1 year old. I always thought that…
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100% Guarentor Mortgages possible?
Hi, My mum has recently mentioned that she would be willing to Guarentor a mortgage for me and my boyfriend in the near future. We are currently renting, and just adjusting the the bills etc. We both have adverse credit ratings, hense why she has said she will do this for us. Is it possible to get a 100% mortgage with her…
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Tying in a Tracker Mortgage Rate
Hi, Looking for some advice. I have a 100% 2 yr Tracker Deal with RBS with a year left to run. Our mortgage payments have near enough halved since the deal started and we would like to try and see if we can pay RBS some sort of fee to move to a longer-term fixed rate at a similar interest rate to what we are paying now,…
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Re-Mortgaging above 90% help me :(
Hi all I was wondering if anyone could help/advise as this is really getting me down. I'm due for re-mortgaging in June and I need a 93% mortgage. If I stay with the mortgage company i'm with now they're incresing they're rate and it will mean an extra £60 a month. I've been in a 5.9% fixed rate for 3 years never missed…
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To Sell or Not to sell? that is the question. (Help please!)
Ok. I think I am going crazy with over analysis! Please can you help me sort through the following problem? The dilemma (please bear with me) I have a property in London. It is currently received an offer of £625K and is only a few days away from exchange. I like many watch its potential value fall as the buyer originally…
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Endowment Projections?
Having requested an updated projected values of my three NU endowments (all ending within the next three years) there has, naturally, been a noticeable drop in their values. To be precise, August 2008 the 4% projections for my three policies were: £48900 £3380 £22400 Now, March 2009 4% projections are: £41800 £2860 £18900…
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Interest only Mortgage
Me and my partner are considering an interest only mortgage, what do we need to provide to prove we can pay of the debt at the end of the term? Thanks
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Re-mortgage
After reading the L&C re-mortgage guide, I became a bit worried. We have a tracker rate mortgage deal until November -09 which have obviously been great lately due to the low interest rate. As I was reading the guide and saw the information about how much equity you'll need to be able to get a decent new deal, I became…
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Credit checks before approval
please disregard
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NR Together Mortgage
Hi Forumists May a rack your brains for some advise please. I have a NR Together Mortgage that commenced 1/11/07 fixed at 6.49% for 5 years. Due to fortunate circumstance i have managed to pay off large chunks of late leaving me with a balance of just 25k. I expect to be in a position to clear the balance in the next few…
