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Abbey fixed or svr what to do????
Hi There Am hoping for some sound advice here. First of all we are not in the position to shop around due to the fact that we only now have one income. We have to stay with Abbey :-( Our fixed rate is due to come to an end so the options are: Do we go onto svr at 4.24% or take two year fixed at 5.49% there's so much…
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Moving with a long term fixed mortgage?
Good morning. We are about to take a 10 year fixed rate (re)mortgage at 4.99% with currently 55% LTV. We intend to make regular overpayments starting straight away to reduce the capital on the loan so (provided prices don't continue to fall drastically) in about 5 years time we would have a LTV of about 45%. We have been…
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Help with remorgage and one account
Hi all We are having to remortgage to pay off debts - quite significant ones - we are in a fixed rate with Nationwide at 5,66% which runs out in 3 years - if we remortgage to Abbey to clear our debts etc we would be £450 per month better off - i know we will have £2000 fee to pay to come out but it still sounds better to…
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Mortgage advise
Please help I am currently trying to sell my house and have decided after meeting my partner that when I sell we would like to buy something together. However this is where im struggling: My current mortgage is £80,000 and the equity will be about £25,000, however I want to use this money to pay off my secured loan, so I…
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Transfer of money on completion
I have reently been agreed a mortgage with Abbey which is valid until December 2009. I am porting my existing mortgage which ends 3rd August 2009 and borrowing a small additional amount on their variable rate. We will go onto the variable rate once our fixed rate ends. Initially we were due to complete last week but a date…
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why did N/Rock sell a mortgage to a 70 year old
9 years ago my in laws were "advised" to take out a ten year - interest only mortgage by a financial advisor. At the time my father in law was 70 and at the time he needed money to clear and consolidate existing debts. The mortgage was accepted by n/rock and has been religiously paid to this day. As the day of reckoning…
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Re-mortgage advice
I bought a house two years ago with a 20% deposit and a large mortgage, fixed for 2 years at 4.99%. The deal is about to end and according to my mortgage provider I'm in negative equity. I think their valuation is nonsense - they apply a blanket fall in value across greater London - but it doesnt seem to be possible to…
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re-mortgage stick or twist...??
My current fixed rate of 5.5% ends this month. I'm considering 2 options, do nothing and my mortgage will move onto tracker which will be 0.99% above bank's base rate (currently 1.49%) or take an offer of another 2 years fixed at a rate of 2.89%. Current mortgage is with West Brom, no one else can match these offers I've…
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Britannia raising SVR ?
Our fixed rate with Mortgage Agency no 5 ltd is due end on the 30 June. They are part of the Britannia Group. They sent us a letter today to inform us that as of the 1 July their SVR would rise by 0.75% to 3.74. The way the letter reads it would seem that they are going to raise this across the entire Britannia Group.…
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Northern Rock - Limiting options
I came out of my fixed rate with NR in January 2009, and they have just turned me down for a change of Mortgage Product with them, due to LTV. The worrying thing about this is, when I took out the Mortgage 18 months ago, my LTV was only 60% - I see this is an indication of their current view on property 'valuations'.:eek:…
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Remortgage...help please
Hi Everyone.. Just to introduce myself and my problem...I am 24 living in Birmingham... In 2006 I took out a mortgage of 84,000 pounds for 25 yrs with 10% deposit. I opted for the interest only payment (was cheap tats why). I would like to now to go for repayment and would like to remortgage my house plus get some extra…
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Nationwide Mortgage Complaint
A newbie here who after the help of you people who appear to care about money and people. My wife and i have had an ongoing issue with Nationwide trying to claim back some money they apparently credited to us in error in early 2008. They've failed to reply formally to much of our communication. We're now talking to the FSA…
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mortgage with 43% deposit but with a ccj
Hi this is my first post and any advice would be greatly appreciated. I am currently looking to buy but am really only interested in being able to get one of the best deals. The facts are as follows; Looking to purchase a 130k house and have a 56k deposit Earn 38k a year. So far so good, but unfortunatley: Have a settled…
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In need of some advice
Hi, my boyfriend and I are looking to get a mortgage for about 135,000. We are looking at a house for about 160,000 and have 25,000 as deposit. He earns 28,000 a year and I earn 15,000 and we can meet the repayments. The problem is that I have just started a new job. We are hoping to secure the mortgage in November by…
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Can't switch from Repayment to Interest Only?
I have a fixed 25yr mortgage with Woolwich. I recently lost my job, and to help my outgoings each month I though I could switch my "Repayment" mortgage to an "Interest Only". I contacted Woolwich today, and they said the option to switch ended last December and is no longer available! What can i do to cut my mortgage…
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Portable Mortgage not porting interest rate
Hi there, I eventually managed to sell my house and complete on 27th May 2009. I knew I was going to be moving house so when choosing my mortgage product I picked a portable mortgage with the Halifax. My interest rate is .64% and I understood that as long as I bought another property within three months of completion that…
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Mortgage Valuation
Had a mortgage valuation via the abbey , he obviously knew that what we paid for property 157k in nov 2005 and that no house has sold since nov 2007 in area . But he implied that the valuation would be close to what we paid in nov 2005 but I argued the fact that prices in our area (cheltenham) have not dropped much 1% I…
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Anger over last minute Pru endowment shortfalls
http://www.thisismoney.co.uk/mortgages-and-homes/endowments/article.html?in_article_id=487912&in_page_id=55 Policyholders say they have been lulled into a sense of false security by being told their policies were on target to pay off the mortgage throughout, only to find they now have to find thousands of pounds extra.…
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Coming off Nationwide BMR
Afternoon. We are on the Nationwide BMR (2.5% currently) and looking for a little more security in what may be a changing market. our mortgage currently is £144K We want to stay with Nationwide for a number of reasons and having spoken to them, they have offered the following options Variable tracker capped to 3.99% for 2…
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Getting My name on to two Mortgages
I have a mortgage with my brother of Approx 135 K fixed for about another four years, However in the meantime iv'e got married, My wife has a mortgage in her name only for Approx 104 K which is up for re mortgage in six months, I would like to have my name added to my wife's mortgage so that we can get a better deal and…
