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Anyone know how RbS conduct their valuations?
Hi all, was going to re-mortgage with A+L today but their desktop valuation of my property put me at 80% LTV, whereas the Nationwide House Price Calculator came in at 72% and as you all know most lenders have a big difference on sub 75% deals. Whilst on the phone to A+L the woman told me that their rates were going up…
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Credit report (Whole system has a HOLE)
Hi, I had lots of incorrect information in my credit report (Experian) and my mortgage application got rejected. After fighting for 1 month (calling, mailing, posting) experian I corrected 50 % of the incorrect info and I am still waiting for other 50 % ( electoral reg, credit card balance) as they update the info only…
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mortgage suggestion please
We are a middle aged married couple - almost at the end of the mortgage for our home - The mortgage finishes June 2010 with about £9,000 to pay off .We are debating what to do - as our daughter is starting University in September - we are thinking of buying a flat or small house so she can live in it for the duration of…
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Best mortgage?
My partner and I are first time buyers and have found a property we really like having looked at loads! The house is going to cost around £195,000 and we are hoping to put down £100,000 deposit leaving us needing to borrow £95,000. We have decided that a fixed rate mortgage is probably the best route to go down as interest…
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First Direct going bust
Hi, Can anyone confirm First Direct's stance, or rather the FSA's stance on compensation of any "offset" savings should they go Bust. I am getting mixed messages from forums and from first direct. thanks
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inerest only for 12 months then look for new fixed term
does this sound like a sensible thing to do!!! our mortgage with northern rock is fixed till june 2010. my income has been reduced along with a big drop in child tax credits, so thought about going for an interest only term for 12 months (meaning £200 less a month which would help out loads) then after that 12 months our…
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Turned down for a mortgage with spotless(ish) credit history
Hi, I've been looking at getting a mortgage, and have today found out I've been declined by the Abbey & Natwest. I've been dealing with Countrywide Mortgage Services, who have dealt with my application on my behalf. Relevant details: The application showed £10k in savings on a £100k property, so 90%. I've been living at my…
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Credit score??
My credit score seems to be around the 800 mark. No debt, £50,000 to put down on a deposit on a house worth £190,000 Joint income is £55,000 No defaults, CCJ's etc etc A few missed payments on old accounts that are now settled. Good credit score? Chances of getting a mortgage??
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Can i re-mortgage !
Hi , could someone advice me please , i have a mortgage with the halifax and i am currently in a fixed rate of 5.75% until 2011 , i am currently unemployed and in the middle of a payment holiday with them to ease outgoings. When i return to work i am wanting to know if i could extend the term of the mortgage with the…
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Poll
Which Mortgage rate is good!!We can afford the fixed mortgage as well.
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Mortgage Advice on additional borrowing..
Hi, We have bought a shared ownership property 50% last year. We are getting the following rates on the rest of the 50% of the property. Please advise which rate i better at this moment: Type Rate% Period Fees T 2.99 31/07/2012 1249.00 T 2.99 31/07/2012 1249.00 D 3.14 31/07/2011 599.00 Fs 3.99 31/07/2012 999.00 F 4.89…
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Northern Rock fixed mortgage comes to an end
I have just been informed that my fixed deal ends in August and my mortgage goes from £300 to £900 on an interest only deal. My ltv is 93% whre can I get teh best deal for to change this NR are not interested in another deal
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Moving House / Increasing Mortgage / Overpay or Save Question
Hi All, First post! Currently have a mortgage for £100K on a rate of 2.5% (nationwide standard variable rate) - It has just dropped to this from a 5.49% fixed. Looking to increase mortgage to £160K (buying a new house) Nationwide say that we can keep 2.5% on the 100K if we move but any further borrowing ie £60K will be at…
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Remortgage with Abbey - bad credit history
Folks - i have a job :j Just wondering if anyone has managed to get a really good fixed rate remortgage with Abbey lately dispite having defaults with other creditors and poor credit? I have been paying my mortgage weekly for the last 12 months, have no arrears and this month will be the 3rd month back on Direct Debit i've…
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mortgage interest paid by government
hi I understand that you can only get help on this if you have savings of £16,000 or less - does this include kids savings. My hubby has been made redundant and is struggling to find work - if we did ask for help with mortgage interest would they take kids savings into account or are they safe. My kids have around £8,000…
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remortgage with abbey
Hi, we have applied for a mortgage with the abbey, our house is worth £170000, and we have a mortgage for £76000 left on it to pay . we have asked for £94000, so we can do some home improvements. they were supposed to ring us back yesterday after they had done a credit check , but they said their computers were down ,so…
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using equity in main residence to fund buy to let
Hi, I currently have a home valued at £203000 which I own out right. I am looking at the possibility of raising capital with a mortgage against this house to fund a rental property with a view to this being a long term capital investment (10 years min). Here are the figures: main residence worth £203000 I currently pay…
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Mortgage applications - discrimination?
We are a married couple who are starting over again. We moved from abroad back to the UK last October 08 and we are both salaried and working full time with a combined income of over 35k. We are renting at the moment and desperately want to get on the buyers ladder again. In our area properties are reasonably priced but…
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Fixed: worth asking lender directly?
I'm curious to hear of people's experiences on whether it's worth asking their bank directly for a new fix or do mortgage brokers generally have access to better deals? I was a FTB and my 2 yr 4.99% fix expires this week. SVR is 3.5%. I've paid off 9% of the mortgage in that time but LTV was originally 90%, so presumably…
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How Do I Find A Mortgage Broker?
My girlfriend and I are looking to buy our first place and obviously need a mortgage. The problem we have at the moment is that we don't know how to find a decent mortgage broker! I've looked on unbiased.co.uk and found a local IFA who's registered with the FSA and they are a whole of market broker. Is there anything else…
