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Possibility of increasing mortgage?
In a few weeks our 5-year fixed mortgage deal with the Woolwich will come to an end. Our payments will go down slightly on their variable rate but obviously will be likely to go up in the future. We would like to enter another fixed mortgage rate deal but since the first one we have built up serious credit card debt. We…
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Endowment poser
Just had my annual summary from standard life on my with profits endowment. This endowment matures in march 2015 when my mortgage has to be repaid,and the monthly policy payments are £35.50. The plan was to cover an original target amount of £25000 but thankfully i have made extra payments and now need to cover £20750.They…
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Mortgage problem with HBOS, adding on home ins premium that should be included
Posting on behalf of my mother in law, hope someone can help. My mother in law took out a mortgage with HBOS in 1985 and was told that her buildings and contents insurance was included in her mortgage payment. She has claimed on the insurance a few times over the years without a problem but now with the mortgage due to be…
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Mortgages for Pensioners
Any advise much appreciated...my mum and dad have an outstanding mortgage of £50,000.00 with virgin and they want their money back in September, they have looked around to try and remortgage but with no luck, can anyone advise what would their position be legally if they cant pay back when asked also does anyone know of…
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Do late payments show....
on your credit file? I stupidly have just paid my next account bill 1 day late as I was away and completley forgot about it.:eek: Will that reduce my credit rating?:cool: What an idiot I am eh!:rolleyes:
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mortgage cost calculators
I am trying to work out what deal would be best for me and have been using a mortgage caculator to work out monthly payments etc. The thing is, i'm not 100% sure i'm doing this right and would welcome some advise on a)the total charge for credit - is this the interest paid over the deal period? b)the total repayment - is…
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Housing Association Valuation
A close friend of mine wants to buy a 25% stake in a Housing Association property. Now on said Housing Association's website it states that they sell their properties at going market rates. She had a valuation done as part of the mortgage application - £230,000 (2 bed new build flat in Shepherd Bush) and initially the HA…
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What are my rights?
Hi, we are trying to purchae a house, the mortgage valuation survey showed no issues. Our structural survey showed ongoing subsidence which is very obvious. We got our mortgage offer, we worked with the seller to transfer his existing insurance claim to us. During this time the price dropped for other reasons, we got a…
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Transferring Joint Mortgage to My Name
Ok, so the background is my ex-boyfriend and I bought a flat 2 years ago. We were together at the time so it's a joint mortgage. However we have since split up and he has moved out. He's been paying about 25% of the mortgage whilst I have been paying the rest for the last 7 months. Our fixed rate is up in June but because…
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OFFSET dilema, what would you do?
Hello everyone! Having firmly decided on an offset mortgage I have narrowed the provider down to First Direct (was hooked on the one account originally, but have been very impressed with First Direct and the way you can manage your account). Their three main products they have are the following:- Offset Base Rate Tracker…
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Disabled need to remorgage
hi i hope someone can help i need to no if i can remorgage i am disabled and do not work. my wife works 19 hours a week i get £1500 pm my wife gets 600pm. are morgage is intrest only at £600pm are propety has been valued at £150000 and are morgage at the min is £104000 are gredit score is not very good can someone help
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Valuation take place when receive payment?
please disregard
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Question for brokers - BTL remortgage on a mortgage free property
Will get directly to the question: Is it possible to get a BTL mortgage on a property that has been bought by cash 2-3 months ago ? Reason for asking the Q is because I thought there was a 6 month time limit before you can remortgage a property which was a Cash purchase but not entirely sure. Thank you
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Interest Only for life
Does anyone have any experience or advice regarding switching a mortgage to interest only for life? I'm considering whether a couple at retirement age could enjoy a better standard of living by switching across under the understanding that either family would guarantee the payments over the longer term or the house would…
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Mortgage company being way too slow – get out?
My husband and I are in the process of selling and purchasing, and are reducing our mortgage with Abbey while we port it, so we’ve had to reapply for it. We’re currently in a fixed rate until Jan 2011 at 5.63%. We’ll have to pay a fee of about £1200 as partial repayment charge as we’re reducing it by £35k (£140k to £105k).…
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Shifts in BoE interest rate expectations
Shifts in BoE interest rate expectations 13:17 30Apr09 -POLL-FACTBOX-Shifts in BoE interest rate expectations April 30 - The Bank of England will likely make the full 150 billion pounds in asset purchases authorised by the government and it will ultimately prove effective in pumping life into the economy, a Reuters poll…
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Mortgage Express - switching to repayment??
Hi, Im new to the forums so please bare with me!! Our problem is this - my husband has a interest only mortgage with ME and the fixed period runs out Oct/10. We would like to swap it asap to a repayment mortgage but we have the following worries: 1) Can you swap to repayment before the 3 year fixed period without being…
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Mortgage advice please - should I cash in endowment?
Hi We have an endowment mortgage which will end in 5 years time. We have two endowment policies one which is 10 years old and is likely to have a shortfall around 4k. The other is 20 years old and is likely to have a shortfall up to 15k - this is the one which I am considering cashing in. We started saving in an ISA a…
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UK mortgage lending weak in March, little sign of QE effect
09:30 01May09 UK mortgage lending weak in March, little sign of QE effect LONDON, May 1 - British mortgage lending grew by less than half as much as expected in March, while mortgage approvals were also slightly below forecast, the Bank of England said on Friday. The central bank also published a breakdown of broad M4…
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U.K. Housing Market May Not Recover Until 2012, Savills Says
May 1 (Bloomberg) -- The U.K. housing market may not recover until 2012, a year later than earlier projected, as unemployment rises and the financial crisis deters buyers, Savills Plc said. Prices will probably drop about 11 percent this year, less than the 14.7 percent decline in 2008, as would-be homeowners struggle to…
