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Switch to interest only - Nationwide being ridiculous
I have an average 3 bed (worth £170k according to Nationwide’s house price calculator), our mortgage is just short of £100k so that’s an LTV of about 59%. Our household income has halved recently due to various circumstances so I thought an ideal solution would be to switch our mortgage to interest only for a few months…
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endownment mortgage surrender
Iam thinking of surrendering my endownment, it has only 5 years to run but the shortfall at the moment is £8,000 and i dont think it will recover in the time left, with the surrender value and some savings to make up what i owe on my mortgage i plan to pay it off, what i want to know are there any risks involved in doing…
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Negative Equity Crisis - Official Downing Street Petition - Sign now!!
Please find below link to a new official downing street petition asking the prime minister to take responsibility for the negative equity crisis facing young families! The more signatures we get - the better chance we have of getting the Government and the banks to stand up and be held accountable!…
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Flexible Mortgage Overpayments may not be returned
Hi i use my Northern Rock flexible mortgage facility to try and save myself a money. I took advantage of o% credit card deals and paid them to my Northern Rock Mortgage which is at 7.19% until October, bringing my monthly payments down. All i do is monthly, phone up and request some of my overpayment back. Today however,…
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mortgage
Hi guys, some fool from from my bank remortgaged us 2 yrs ago up to an 98% mortgage, needless to say we are now struggling. We now have to sell up and try and sell our house to cover our 98% mortgage.We also have a secured loan on our house and if we get our house sold it wont cover the secured loan and the mortgage…
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HELP please on fixed rate and endowment
I am looking for a 5 year fixed rate mortgage and have been advised to cash in my endowment and use the money as a lump sum and then make over payments to clear my mortgage sooner. Is this advisible or should I carry on paying my endowment which still has 12 years till maturity. Any advice appreciated.
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Time to secure a new mortage deal
Hi, just wondering how far in advance you can apply /secure a new mortgage before your fixed rate is due to run out? I am due to remortgage in Feb 10 and anxious to try and secure a good interest rate as early as possible.
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Will we get a mortgage?
Hi, hope somebody can help! I'm probably worrying over nothing but its a big thing getting a mortgage and I would appreciate some advice/opinions. My boyfriend and I are applying for a mortgage together this week. We have a deposit of £30,000 for a house we want to buy at £170,000. He has a good salary (29k) and an…
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Mortgage Timescale?
Hi there, This weekend we put an offer on a house which was accepted, we are first time buyers currently renting. We are seeing a mortgage advisor (independant) tomorrow, and will discuss what mortgage we want to apply for. I was wondering how long (as a general rule) a mortgage application will take from application to…
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Anyone had any problems with LMS Direct Conveyancing on Nationwide re-mortgages?
LMS were instructed by Nationwide to act on our re-mortgage from Northern Rock. When it came to redeeming the NR mortgage on 9 April, they - for reasons only known to themselves and I am not sure that they even know the reason - sent the transfer by BACs - which due to the bank holiday took even longer than the usually…
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Halifax and Nationwide House Price Calculator
Just wondering is anybody knows how long after a quarter they release the figures? I think they released 2008 Q4 in Feb which would mean 2009 Q1 would be in May. Thanks
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NU Base Rate Tracker - Over paid
When my endowments (3 Norwich Union policy’s) paid out I put the money in a Norwich Union Base Rate Tracker account, while I worked out what I wanted to do with the money. A yeas or so ago I moved the money else where; and NU paid up the account. Recently I have had a letter from NU telling me they over paid the interest…
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Random Mortgage Offer
I got a letter from my mortgage company saying they had had a review of their products and can offer us £29,500 off the mortgage if we remortgage with another lender by 14th August, they are waivering the mortgage exit fee, no early repayment fees. Has anyone else heard of this?? They had us tied into a high interest…
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Mortgage setup fees
I'm visiting my bank this week to arrange a new mortgage deal. It will be between a tracker & a 5 year fixed rate. But, it costs £400 to set up a tracker & £900 to set up a fixed rate. Can anyone explain to me why there is such a difference in the work involved by the bank to justify a huge difference in the cost. Would it…
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A+L new Mortgage Customers !!!
Just to warn anyone taking a A+L mortgage and using their own solicitor service " Enact" According to my A+L KFIs that I have , you can either : A: Use their free solicitor service via Enact or B: Use your own and have £200 cash back I chose option A The other list of charges in my KFIs are: A: £430 valuation fee ,…
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What deposit for a buy to let/non status mortgage?
When I last looked into this it was only 10% deposit required for a buy to let mortgage/non-status mortgage. Anyone know what sort of % it is now? I know it went up but has it come down again yet? Thanks
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D.i.v.o.r.c.e.
Hi, Newbie, so be gentle if I have incorrectly posted in the wrong place! I am going through a separation at the moment, which will lead to divorce no question. I have a new partner living in my old shared house with me - that's the complication. STBX's father gave her £50,000 to invest when we married, she decided to put…
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Wanting to release some money from house?
My dad is wanting to release some money around 100,000 from his house which is currently worth around the £270000 mark to buy some land abroad. The house is mortgage free but only thing is my dad is 75 and is retired on his pension. Will he be able to remortgage his house and put the house down as a guarentee that if he…
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25 year fixed mortage?
Any mortgage available for such a long time? They are as rare as chicken's teeth. Nationwide, Halifax and Coop removed theirs a few months ago. Thanks in advance for any leads
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Fix for 2 or 3 years?
Hi, I am in the process of buying my first property. - The best mortgage deal I can get is 5.09% repayment over 2 or 3 years. Part of me thinks it would be best to fix for 3 years as I know exactly what I am paying for this period, but I am really not sure. Can anybody with a bit more mortgage knowledge give me some…
