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Abbey - Warning about their Criteria if you receive maintenance via the CSA
Hi all - I am new to posting on here to forgive me if I make a few initial errors on when/where and how. - Can someone tell me if the Abbey are really trying to not lend money ? I think they have finally hit being a total an utter joke. II have all my bank accounts with them - have had for 17 years, and so does my husband…
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Further advance
Hello all, i hope this has'nt been asked before, but here goes. My partner and i have an interest only mortgage with Barclays, the mortgage is £46000, and our home is valued at approx £170000, can i ask Barclays for a further advance on our mortgage? as we wish to do some home improvements, there is 11 years left to run on…
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Fixed or Tracker?
Am looking at two deals at the moment, one being tracker of 2.49% above base rate for 3 years, currently 2.99% and the other fixed until 09/11 at 3.39%. The question is, during the next two years are interest rates predicted to increase very much? I know it's not an exact science, but does anyone know what the general…
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Britannia/Mortgage Advisory Services put SVR up by 0.75%!!!!!!
I am with Mortgage Advisory Services who are a subsidiary of Britannia. Had a letter off them today stating that due to the current financial market they will be increasing our SVR rate by 0.75% to 3.49%, the last rate cut wasn’t passed on now they have the cheek to increase it!!! I am gobsmacked, the bank of England and…
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Britannia/Mortgage Advisory Services put SVR up by 0.75%!!!!!!
I am with Mortgage Advisory Services who are a subsidiary of Britannia. Had a letter off them today stating that due to the current financial market they will be increasing our SVR rate by 0.75% to 3.49%, the last rate cut wasn’t passed on now they have the cheek to increase it!!! I am gobsmacked, the bank of England and…
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Shared equity mortgages
I've just put an offer in on a house where the developer pays the 20% deposit. They put me through to a broker who said that there are very few places that do them and then said i'd be paying about 6.8% interest unless i found another 5% to put in myself. Now i might be able to manage the 5% but am hoping that im not so…
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Commercial Property Mortgage?
Dh and I are looking at a Commercial Property in Wales.. Its a Hotel/Bar type place which has room for improvement but we feel at first glance it would be perfect for us. My question is: For buying a domestic property, there is usually a requirement for a deposit. How does it work with Commercial Mortgages? Do we still…
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re-mortagage help please? (MA/IFA's?)
Hello all, Hoping someone can help me here. My husband and I bought our house 3 years ago for £183k. We have £158K of mortgage outstanding. Our fixed rate has now finished, and paying the alliance and leicester SVR about 5% I think at moment. However... husband and I are now separating. It's all very amicable, not fighting…
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Nationwide Remortgaging - beware?
Like many others I suspect I'm coming near to the end of my discounted deal with the Nationwide. I've received a couple of letters from them encouraging me to reserve and book my next deal from them. Having done a little investigation I'm not sure this is a good idea. Customers with mortgages prior to 30th April 2009 have…
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advice needed
HI I have a very bad credit history, I'm currently pay into a DMP with cccs. Myself and my girlfriend are looking to live together, she has a house that she needs to sell, i on the other hand rent and dont have much in savings but hope to have a couple of grand to add to the deposit when the time comes. my question is will…
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Buy to let payment advice
Hi I was hoping somebody may be able to give me some advice. I have 2 properties one on buy to let and one on a residential mortgage I recently moved to Canada to take a higher paid job to cover the offset between the rent I was getting and the mortgage costs after I had to drop the rental prices to keep them renting…
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Help needed to get money back from C and G
Hi, my partner and I put an offer in on a house in January. We had a mortgage adviser and he helped us find the best deal; at the time this was with C and G. We provisionally got accepted for this mortgage and so we then paid our valuation fees, etc, etc. After every little hurdle C and G wanted more information, e.g.…
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Advice on securing a Mortgage needed.
Hello all, excellent site with generally good advice and guidance and that's what I'm looking for now. Some background first: I have a newish small mortgage on an ex council house which I share with my new partner and due to my age, this has a term of 14yrs. Getting this was simply a case of ringing my bank and filling out…
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What to do and when???
Hi, I am looking for some advice on what to do??? I currently have a two part Fixed Repayment Mortgage split as follows:- Part 1 is Fixed at 6.59% and it ends 30/09/09 and has an early repayment charge of £679, Part 2 is Fixed at 5.65% and it ends 31/01/11 and has an early repayment charge of £750. What I am thinking....…
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Shared Ownership/Guarantor Mortgage 1st Time Buyer
Hi all, Im 30 and stupidly have a very bad credit history so thought i couldnt get a mortgage. I earn £19500 a year and am looking at a 50/50 shared ownership scheme £60000 mortgage and £120 rent to housing association for the other £60000. My question is is there any way my parents who are in their late 60's with a £400…
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Paying off a chunk when taking out new product?
I wonder if anyone can please help me? We have come to the end of a 5yr fixed rate with Britannia and definitely want to fix again for the security - plus their SVR is appaling! Whilst they have some attractive fixed rates I think we will go for it. Considering savings are not earning us anything, we would like to pay off…
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Protecting your new house investment
Hi all, Not sure if this topic belongs here? But basically im buying a new 2 bed house for 98k and i am myself putting down 30k, I am moving in with my partner of 7 years. But she has no savings and earns a lot less than me, Thats not the problem, I just want to protect myself that say we broke up in a year or whenever and…
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Remortgage/additional borrowing advice
Hello,I'm new here. Thanks for looking in advance. Problem Due to remortgage in July (for Sept/oct)£90k interest only With Abbey. Also have Homeowner loan with White Label (how they made 16k ino 21k with insurance sucks!) After being made redundant 2.5 yrs ago I had to remortgage as fixed term was coming to an end. I was…
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Advantage remortgage offer
On the 18th June we redemed our mortgage with Advantage. Also on the 18th of June we were sent a letter from Advantage saying if we switched our mortgage to another lender we could have £10,000 cash allowance towards our mortgage. I would like to know where we stand with regards claiming this money. I had been on the phone…
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How much of my mortgage payment is Interest V Capital?
Hi how do I work out how much of my mortgage payment each month is reducing the capital and how much is just interest payment please? Is there a calculator anywhere I can use? My mortgage payment is £704 per month, there is approx 26 years left on my mortgage and the amount is around £165,000. Thanks in advance, Matt
