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Mortgage Advice
Hi Guys, I would have posted this in the MFW board but as my question relates to the best deals out there I thought this board may be better. Our objective is to pay our mortgage off as quickly as possible. Our house is worth around £300-£310k and our mortgage at the moment is £132k. Our deal (fixed 5.29%) is coming to an…
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Valuations and Gifted Deposits
Hi, Currently in a bit of a quandry, made and had an offer accepted on a house (we are first time buyers). When the valuation came back it was 10k less than the amount we had offered. We went back to the vendor and said we were not happy to proceed on the offer as we would have to find extra cash to fund it plus of course…
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Negotiating Arrangment Fees
Hi Everyone, We are looking to move our mortgage to another providor and wondered if anyone had had any success in negotiating on the arrangment fees? We have a good LTV (house worth approx £300k, mortgage needed is £132k) so wondered if this would help us at all? They seem to make so much money on the interest I wasnt…
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Deal coming to an end.
Hi, Our 5.19% 7yr fixed mortgage deal finishes in Jan 10, we have never missed a payment with it, but about 3yr ago our circumstances changed and we went from an income of 31000 down to 11000, we continued with our mortgage payment but stuggled with our loans and cards for a time, we then went on to a DMP with cccs to…
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Repossession payback £50 month then £75 fees???
Just got my annual mortgage statement today. We survived repossession (just) and arranged in court to pay £50 per month off £4000 arrears. Statement shows "admin charges" at £75 per month. When queried was told it's for all the work we have to do writing letters and calling you and checking your direct debit was made.…
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help to convince my lender that my house is worth more than valuation
hi we are currently in the process of getting a fixed rate at 75% ltv. Unfortunatley however the valuation has come in at 25k lower than what we need the valuation to be. RBS have said if i can prove some proof that the house is worth more by sending details of houses that have sold in last 3 months that are comparable…
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help to convince my lender is worth more than valuation
hi we are currently in the process of getting a fixed rate at 75% ltv. Unfortunatley however the valuation has come in at 25k lower than what we need the valuation to be. RBS have said if i can prove some proof that the house is worth more by sending details of houses that have sold in last 3 months that are comparable…
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Joint Mortgage, but the 2nd buyer doesn't intend to live in property
If you purchase a house with another person and that person does not intend to live there, are there any implications?
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re-mortgage advice
Im in the process of remortgaging and wanting a little bit of advice. At present im with the Halifax the interest rates are quite tricky as ive got 3 parts at different rates with tie in periods all though early repayment costs are £4500 for the three with up to 3 years still tied in. monthly payment £990:eek: over 17…
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a quick question about my mortgage.
hi, this is my problem , i am due to be paid off next friday due to lack of work in the council. i have a mortage as well as a loan, my bank loan has payment protection on it so i should be okay with that but it turns out my mortgage doesnt although i was sure it did. could someone tell me is there any options at all of…
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Repossession Help! Please
Hi my partner has just had a phone call off natwest saying as she is in arrears with both her natwest bank accounts and her credit card they are going to reposes our house, unless she takes out a loan with them to pay off the accounts. Her mortgage is with natwest but it is paid on time every month The loan is for £6850…
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Endowment offer - should I accept?
Have just received compensation offer from FSA - used FSA as broker in receivership.Offer seems pretty poor - Had endowment from 1989 and still have it.Changed to repayment mortgage in 2001 when I bought new property as heard all bad things about endowments.FSA say I fill criteria for compensation but stop calculation when…
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Re-mortgage
Hello, (Firstly, apologies - I am a novice when it comes to mortgages). I bought my house 2.5 years ago with a 10% deposit, and obviously house prices have fallen since then. I was hoping to re-mortage, but is it likely that I would be accepted on products with a 90% loan to value? Is it any different if I re-mortgage with…
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Adding fees to low rate mortgage better short term than no-fees higher rate?
I'm a first time buyer and I have been speaking to London & Country broker to try and find the best deal. The reccomendation they have come back to me with is with Nottingham BS. The deal is a 3yr fixed rate at 5.79% with no arrangement or booking fee. The broker explained to me that there is also a deal with the same…
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First Time Buyer - AIP
Hi, Me and my girlfriend are looking to buy our first house but not really sure on a couple of things. I have spoken to my bank (NatWest) who asked me my girlfriends and my salary and how much deposit we had and that came back saying we could borrow in excess of the amount we are looking to spend. They didn't do any credit…
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Intelligent Finance and ERCs
Following Martins article on asking your mortgage provider for a discount on your fixed rate I thought I'd have a go and went to get the current offerings to new customers. However have found out that IF are no longer offering mortgages, so have called my IFA to ask what the possiblity would be of IF waiving the ERC and…
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Early Repayment ?
Hi, I am fortunate to only have a £17,000 endowment mortgage remaining and have 4years left to pay. I am currently on a tracker interest rate of 1.19% (£18 a month) with the Halifax which expires on the 31st July 2009 which will then switch to the Halifax Standard Variable rate of 3.5% (£50 a month). I also have two…
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125% mortgages are back
http://news.bbc.co.uk/1/hi/business/8141584.stm How long before others do the same?! Oops - just noticed someone already got there with this one!
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Please help- LIBOR- what is the current rate and will my mortgage payments go down???
I am hoping you can help... my husband has a 30-year mortgage out on his flat with Platform and the fixed period is due to end in August. Currently his rate is 6.24% paying out £422.70 a month. The contract (drawn up in Aug 2007) states that after this fixed period "the mortgage will revert to variable tracker rate, which…
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Endowment surrender or persevere?
Please could someone give their opinion on whether we should surrender this endowment. Its a Guardian Freedom for homebuyers policy started Aug 92 to repay in Aug 2017 (8 years left). The premium is £49.61 pm. Service charge just gone up to £4.35pm (nearly 9%!!). We have paid in £10070 to date and the surrender value today…
