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Tracking Endowment Terminal Bonus Amount
On my annual endowment statements (Standard Life and Prudential/Scot Amic) they used to give terminal bonus indications depending upon how long the endowment had been running, this bonus information seems to have disappeared in recent years. Is there an 'on line' way of finding out the terminal bonus rates currently being…
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Mortgage for Doctor
Couple of questions on this really. As a Doctor - how do lenders determine the salary that will be used when deciding the size of mortgage they will offer? The "basic" salary is actually quite low but there is then a 50% - 80% uplift for most jobs. However, i'm guessing they would not classify this as a guaranteed element…
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Borrowing more on mortgage to pay off debt - is it ever worth it?
We have about £200k equity in our house and a mortgage of £200k (currently tracking BofE base rate +.99). Our monthly payments have gone down quite a bit recently so we are thinking of borrowing another £25k (although the BSoc will only give us a rate of 5.19% for this) and paying off all our credit card debt, car loan and…
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New mortgages for borrowers in negative equity
What do people think about this for help in getting out of negative equity? http://www.ft.com/cms/s/2/8f8483fc-25c5-11de-be57-00144feabdc0.html I know it wouldn't come without it's probably very specific criteria, but can people see it happening more widespread with lenders?
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Mortgage/Deposit/New Build questions & dilemma!
Hi, Our 1 bed flat has been on the market for a year now and so far, no luck. Over the weekend we explored a new development where some developers are offering 'part exchange' on your current property. We are waiting for them to come back with an offer. We desperately want one of these new builds as it is perfect for our…
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MyChoice Homebuy Mortgage - Advice needed
Hello, I wonder if anyone can help. I dont normally post but do read..thanks to everyone that posts on these threads, all the info is amazing and has all helped me a lot!! However, there are a couple of things that I wanted some help with. I am buying a property through the MyChoice Homebuy Scheme and will need to get a…
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Two or Five year fix?
Hi. I've been looking at getting a mortgage and am unsure what is the best deal at the moment for me. I have a 25% deposit, and was between a 2 year fix at 3.19% (product fee £799) and a five year fix at 4.15% (Product Fee £599). I'll be looking to remortgage in probably about 2-3 years to move into a bigger house, so I'll…
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How long can you hold a remortgage offer?
Hi there, any advice appreciated. Like many were on a good lifetime tracker rate at the moment taken out years ago. If we take up one of the better 5 / 10 year fixs with another lender how long will they let you hold an offer open? Basically were being greedy and trying to keep making the overpayments we are each month on…
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Mortgage Application - Credit Card Balance Query???
Evening All, Happy Easter!!! :D We've been given an agreement in principal by Natwest for a mortgage. We're also getting married this year and I want to book the flights for the honeymoon on a credit card (for the security side of things)... Now I don't want the balance on our credit card to affect the mortgage application…
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Remortgaging... What a Pain
Guys, We exchanged contracts on our property back in January 2007 when house prices kept on going up... we went in for a 95% mortgage on a two year fixed deal (95,000 of a 100,000 purchase price). We went in for a re-mortgage discussion with the Nationwide who told us that our flat was now worth £84,500 and as such they…
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5 or 10 year fix?
I am currently looking to remortgage but am uncertain whether to go for a 5 or 10 year fix. I have looked at the Post Office 5 year fix and the Skipton 10 year fix. Property value (I think) is about £170,000, outstanding mortgage is £78,000 with 12 years remaining. I am of the mind to reduce the term to 10 years and fix…
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title deeds and mortgage.
Now I'm pretty sure anyone who is named on a mortgage must be on the title deeds of the house. Is this correct?? but is the oppostie also true i.e if your on the deeds do you have to be involved in the mortgage??? Or for example say 3 ppl live in a house and all are named on the deeds. The property is currently not…
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Mortgage Application approved (proof of income)
Hi all, I have been accepted by the co op bank for a mortgage the have sent the application to me to check over all I need to do now is send proof of income. I have only just started my job so I have no payslips they said that is fine and just to get a letter of proof from my employer, so that is sorted. It is just my…
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Lenders ripping people off with very high SVR's or merely a free market?
I have a mortgage with Chelsea Building Society (hiss) and have to admit to blood pressure problems every time I turn on the TV and hear the BBC etc announce that borrowers were benefiting from greatly lowered interest rates What they should say is 'some' borrowers Chelsea's SVR has remained on a shamefully high 5.8% an…
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Buying a house while keeping existing property...advice please!
Hi, We have seen a house we really like and ideally would like to sell ours before moving. However, this house is priced competitively as the vendors have seen a repossession that they really like and want to move quickly (hence the price). This is our situation - Current house value approx - 170,000 Current mortgage -…
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advice on coming out of high fixed rate with erc
Fixed in oct 08 at 5.79% for 2yr on £186000 mtge over 25 yrs mthly pymt £1159 prop value £320000 with ERC of 3% £5k. Present mtge company can offer me 3yr fixed at 3.34% fee £699 with paying erc of £5k new mtge pymt would be 942pm saving 217pm or 5 yr fixed 3.99 with 99fee & £5k erc new pymt £1007 saving £152pm. I know it…
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where would you start???
Hi!!! im jus after a bit of advice really - me and oh took our mortgage in 2007 with northrn rock we are on a fixed rate at a very high term on interest only 7% we paid £94,000 for the flat and as we were FTB with no deposit borrowed the full amout - now being quite niave we also borrowed to pay off a loan on top of this…
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Fixed rate ending soon and negative equity
Hi there This is the first time I have posted on this forum and would be really grateful for sme advice. Our fixed rate (5.89%) ends in January 2010 and we're now in negative equity. Is it likely that our only option will be paying the SVR with our current lender (currently 4.24% - which is great if it stays that way - but…
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Removing my name from our mortgage
I have a mortgage with my soon to be ex-wife. Ideally I would like to sell the house and split the equity, which at the moment is very little, ie 10-15k. She does not want to sell the house, which is fine as I am happy to walk away as long as my name is off the mortgage. She does not work and will be living on my…
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best 10 yr fixed <4.99
Am looking for a 10 yr fixed with the ability to overpay as i should be able to pay off the mortgage within 10 yrs if i can find a mortgage for sub 4.99%. Anyone with any ideas? Looks as those Chelsea Building Society have upped theres from 4.59%. Also, I have got a mortgage in principle with the Halifax, will this affect…
