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Mortgage or Loan?
My daughter want to borrow £25000 over a period of 5 yrs to buy a house.The rest of the purchase price will be cash Which will work out cheaper, taking into consideration the mortgage fess etc that she will have to pay. Is there any setup fees for loans?. Can I pay loan off early with no penalty charges. does taht apply to…
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Mortgage application + credit report
Hi there, I am submitting a mortgage application on Tuesday as a first time buyer. Several years ago I had a joint bank account with an ex, however the account has never been used. I spoke with the bank last week and they will not close the account unless they have two signatures, I cannot get the other signature so this…
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Please help with a mortgage application and i will be really thankfull
Hi all of you clever people im in a dilema and im not sure what to do. My husband and i are about to put our house on the market soon. Im currently employed at 23K and my hubby earns £34500. The problem is i am currently on sick leave after my maternity leave. I have to hand my notice in once the sick leave is over as i do…
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Fixed rate or not
Hi,After some advice, currently comming to the end of a fixed tracker rate with the nationwide and we will revert to the 2.5% variable, house is worth £220,000 with £66,400 still owing so ltv is really good, we are consdiering fixing with RBS 4.99% for 5 years £299 arrangment fee, would we be mad?, on the 2.5% we will be…
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Advice- mortgage term ending ??? Ideas
Hi, myself and the misses are beating each other up over what to do. we are currently with C&G at 6.75 due to end in September. we are on interest payment fixed rate. We owe 85k on value of 130k. should we remortgage and will it work out cheaper? ie fees etc or should we just stick with same lender at new rate? thanks for…
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miss sold endowment interim authorisation
Hello i am looking for some advice on regarding an endowment that was sold to me at the time it was sold we were told that not only would it repay the mortgage but there would be a lump sum ,but is failing badly so I have tried to contact the seller only to find that they have gone out of business so then I contacted the…
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mortgage question
Hi, I have had my house repossessed and am in debt, but am hoping to start a DMP or perhaps sequestration. My partner owns his own house with good credit rating, etc. If he was to get new mortgage and we were to move could my wage be taken into consideration although i could not be on mortgage. any help would be…
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Fixed rate help
Hi i have been accepted on abbeys 10 year fixed at 4.99 with £995 arrangement fee's i have until august to complete this deal but should i wait and see if their are any other offers out thier as rates are still at 0.5 or should i grab this with both hands. thanks for your advice. for your info i owe 70000 on a house thats…
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Morgage payments in advance.
I have been made redundant and am wondering whether I could use my redundancy money to prepay 1, 2 or even 3 years worth of payments on my mortgage. By doing this then my monthly outgoings are obviously reduced. I have a 15 yr tracker with the Woolwich and current balance approx. £75,000. My monthly payemnts are £311 at…
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B&W offer of loan
I received an offer of loan from B&W yesterday which they want me to sign and return along with my direct debit details but theres just one thing thats got me slightly puzzled. It states on the offer that it is valid for six months, yet further down the bottom it also says that if I decide to accept the offer I need to…
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Hsbc fixed rate?
Hi there, Can someone please tell me what they think the best deal is out of these HSBC Deals. Value 165000 Loan 106000 2 year Fixed 3.09 with £900 A/fee giving £742 Per Month, 2.89 with £1300 A/fee giving £737 Per Month, 2.49 With £2200 A/fee giving £720 Per month. All fees will be added to the loan. My head is going to…
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If mortgage lender is doing valuation, can we assume we passed credit checks?
Nothing more to add other than title really, but if the valuation of the property is going ahead on Monday, can we assume we have passed the credit checks required for our mortgage? Presumably they would not do the valuation unless they felt we were in a position to proceed?
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Interest rates for a 90% mortgages
Just got quoted an interest rate for a mortgage with a 10% deposit of 7.5% interest, which seems a bit over the top, they said interest rates have gone up recently, is this way above average? What's the best lender at the moment in terms of interest rates for a 90% mortgage?
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Self Cert?
Hello All Very excited, have just accepted an offer on our house. We have a mortage of £245,000 and we have just accepted £330,000. Now, what to do. Since taking out our previous mortgage (Northern Rock, 5 years fixed rate, two years left). We really struggled to get this mortgage (my partner and I bought my ex out, paid…
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Have I Got the Best Mortgage Ever ?
Managed to fix at 0.17 above base rate for life. Will I ever need to change with 10 years left to pay ?
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Drawdown rates for fixed term mortgage
My husband and I currently have a mortgage with Nationwide. Our fixed term expired a few months ago and we are now on their standard variable rate paying 2.5%. We have recently applied for a five-year fixed term mortgatge with HSBC at 4.99% and have just recevied the mortgage offer. The terms and conditions state that "the…
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Q about NR mortgage
So we completed on our new house yesterday (yay). We have a copy of the formal mortgage offer, we signed docs with the solicitor. Arrangement fees added to mortgage. OK. Will we get sent an account number, online access, things like that? I know they are taking mortgage via direct debit, but I wouldn't even know where to…
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Gifted deposits
Seen this term used a lot lately what does it mean? is it what it says on the tin? why would a lender refuse to use it?
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Britannia money laundering
Hi, I applied for a mortgage with the Britannia a few weeks ago and all going smoothly. I checked on my Call Credit file and found the following entries: Search Organisation:Britannia (ML) Search Unit Type:Barnstaple Name:Mr x Date of Birth:x Address:x Search Date:30/06/2009 Search Purpose:Money Laundering Product Ok, but…
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shared ownership remortgage
hello - my boyfriend and I purchased a shared ownership property in sept 08 - right before the big bust. as such, we only needed the 5% deposit. we bought a 50% share of the house. our fixed rate is coming to an end, and I was wondering what the best deals out there would be for us. our current provider (halifax) have…
