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FTB looking for advice....
Hello all, thanks for taking the time to read my post. I'm a FTB, the flat im looking at is a new build in Glasgow, they currently have a shared equity scheme (well.. deferred loan, i'll actually own 100% and have 10 years to "buy" the rest) The flat is listed at £150,500 however they are surveying at much less... the last…
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Help/Advice needed please!
Hi Need some advice on trying to ease the pinch of the recession! We have a £95K mortgage, which ends in 2024. Our property was valued at £375K 2 years ago. We have a fixed rate of 5.99% on 2 of the of 3 accounts (where we have topped up mortgage), the other account cannot be fixed as it was too low to qualify for fixed…
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The Thoughts of a confused Man - to fix, to track, 2 years, 5 years, 10 years.....
I like many I’m in the position of needing to remortgage after my current deal is coming to an end but am thoroughly confused about which direction to go, I have £180k left on my mortgage (house worth around £450k) and I’m prepared to take this to around 18 years (£1100-1200ish per month) but want the option of paying more…
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Halifax Republic of Ireland Mortgages vs UK
Does this seem a little odd to you lot too? If its true I am very angry.Banks controlled by British taxpayers are offering mortgages to first-time buyers in the Irish Republic at half the rate that they are available for in the UK. Halifax, part of the Lloyds Banking Group, is charging 2.74 per cent for a two-year…
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Pay Off Mortgage?
Hi I have the chance to pay off my endownment mortgage in full soon.Do i have to inform the endownment company that I have paid off the mortgage company, or just keep paying the endownment?, and can i still claim for a mis sell, as they have just informed us that there will be a shortfall. This is the first time they have…
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Remortgage & ditch my fix?
Hi I took out a cashback mortgage for £86000 with the Chelsea Building Society 2 years ago for a 10 year period, fixed for 5 years @ 6.49%. It was high interest but the 6% cashback compensated for this. Payments are £960.07 per month. Value of house is approximately £390,000 at present. I have made 25 payments and the…
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Nationwide ups variable rates
From Daily Mail today: "The Nationwide scrapped its promise that customers on its standard variable rate would never pay more than 2 percentage points above the Bank of England base rate... ...those applying for a home loan with the Nationwide will no longer be able to move on to its base mortgage rate, currently 2.5 per…
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urgent advice wanted
Hello all. New to this site would be gratefull for for some advice. currently have £91k left on mortgage on 5 year fixed 5.8% (halifax) due to end June 2009. just had house valued at £130k, LTV approx 70%. We are currently paying off some credit card debt due to be paid off within 2 years, then we will be moving house.…
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Deal or No Deal
Daughter and friend buying for 1st time, confused by mortgage market - have found house and have been offered: Abbey: 3 year fixed @ 4.99 = £800 per month with £250 cashback and No Arrangement fee Is this a good deal???
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Northern Rock Flexible Mortgages - change of terms
I was made redundant in the summer - I used my redundancy package and all my savings to overpay my mortgage - I told NR that I was no longer working and would only overpay on the understanding that I could reborrow the money. However I recently tried to get the money back they have told me they have changed the terms and…
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Mortgage- pay it off or not?
I have recently been made redundant, I have a mortgage divided into part interest only and part repayment equally split in half . It is on a variable rate of 1.17%. If I wanted to pay off part of my mortgage which part would be best to pay off? the capital on the interest only or the repayment side. there are no penalties…
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Experts - Your opinion please
If this was you what would you do? LTV 85 - 90% - amount o/s £124500.00 over 16 years. Existing deal ends as of 30 Jun 09. Average credit status no disposable income, no major savings as such. approx £2800 per month outgoings, joint gross income of +£55k. Would you: Just go with the standard rate of your existing lender…
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Applying for new Mortgage late payment arrears 85%LTV
Hi can anyone help I want to apply for a joint mortgage - Boyfriend has no arrears and £10k o/s personal loan (car) that he will settle upon completion I have £27,000 O/s in unsecured debt that will be settled upon completion, however I have two credit cards that had up to 3 months arrears - NOW ALL UP TO DATE I have a low…
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I want to keep my property to LET and get a mortgage with my partner on a new propert
Hi, I hope someone can help? I want to keep my property to LET and get a mortgage with my partner on a new property?? Here are the rough figures My property is worth around £160,000 (87000 mortgages with HSBC / 73000 equity) mortgage around 495 a month We want to keep this to rent out, similar properties are around £750 a…
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Mortgage Advice (Bad credit but BIG Deposit)
Hi, As the title suggests, I am looking to take out a mortgage in the next few days/weeks and am looking for a bit of advice. The house price is £218,000 and I have an £88,000 deposit so will need a mortgage of £130,000. At present i have a couple of £500 credit cards that are not at their limit, these get paid with more…
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Helping Mum and Dad
Hello Moneysavers, wondered if anyone could give me a steer. I am a mortgage homeowner with around 60% equity. My parents are considering a move and I would like them to move closer to me and my family, however as pensioners, prices are around 20-30% more than they would be able to afford by simply trading. I would be…
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What should I do?
Help my fixed rate mortgage with Alliance and Leicester ends soon. They are offering a variable rate to me which is a lomg way above the base rate or other products which all carry with fees. To access a low rate product elsewhere costs money in fees and redemption costs. Does no one do a variable rate mortgage anymore at…
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let to buy mortgage?
Hi guys I'm looking for a bit of help. Does anyone have any dealings with let-to-buy mortgages? I have a house that is worth £155,000 with an outstanding mortgage of £50,000. Would I be able to borrow against this to get another house? I have no deposit for the second house, but I've come across let-to-buy mortgages. Am I…
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Do I need to keep some credit open to get a new mortgage deal?
Hi I am quite new to this site and think this is the first time I have posted on this particular forum (have tried to join in on a few to get started!). My situation is this: In a few months we want to put our house on the market and move to a bigger house. We are coming to the end of a 3 year fixed rate after which we go…
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Is this feasable?
I am looking to buy a house that is 85k under the affordable housing scheme, currently I have a deposit of 10k. However I only earn 16k a year. Am I likely to be able to get a mortgage? I have gone through a few comparison sites with my details and they come back with results but im not sure if that means anything. Thanks…
