-
Swap Rates n Fixed rates
Already have another thread but forgo this and thought it needed its own post. I am looking at remortgageing and was considering sitting on my current tracker (not tied) for a while and make some savings. If I remortgage its gona cost me around 250 extra pcm but means I am on a fixed rate and I know my costs etc. Tho I…
-
New Fixed Rate Dilemma
I could not get a mortgage a couple of Months ago when fixed rates where cheaper as I had a probation period at work. I have now been contacted about the re-mortgage and the rate is now up around 0.5% on what it was. I was thinking of going on either a 5 or 10 yr fix and can just about afford the cost of the 10yr and I am…
-
Just a quick question..........
Our mortgage company has switched our mortgage to interest only and fixed the sum that we pay monthly which has been a great help in these difficult times. But I have always paid more than the minimum payment required usually by around fifty pounds on the assumption that this would be paid towards the principal sum…
-
Nationwide to launch 125% deal for borrowers in negative equity
Linky "Nationwide Building Society has introduced a mortgage allowing borrowers to take loans worth 125% of the value of the home they are buying. It will only be available to existing customers in negative equity who want to move house. " This is exactly the sort of idea that lenders should be pursuing to get the housing…
-
Best to drop from 6.15% to 2.49% or look for new fixed term deal?
Hi Our 2 year fixed deal is up at the end of September with A&L. It was our first house purchase. We borrowed 100% on a £225k mortgage (well 95% mortage 5% unsecured loan i believe is how it was broken down) The fixed rate was 6.15% and we were paying interest only for the first year and a bit which worked out at about…
-
Paid mortgage for five years and now its 103%!!!
Coming to the end of my fixed term so phoned my provider to find out what offers they had and was told my property has depreciated so much that I now have a 103% mortgage and cant get another fixed term - from anyone!:eek: I checked and, sure enough, they must have the same info on me as other providers said they wouldnt…
-
Remortgage advice Insolvency policy/transactions at undervalue/indemnity insurance
Hello! I'm a first-time poster and am hoping someone can give me a heads up. My partners is currently in the process of remortgaging and transferring some of equity to his ex-partner. Everything is going smoothly. He received sent some docs today which we both are not quite sure about - I suspect he will be clarifying with…
-
Bank of Ireland SVR rate ?
I go onto this in a couple of months but cannot seem to find the SVR rate anywhere. Anybody know or even better have a link where I can keep an eye on it ?
-
Would you give me a mortgage?
Hello, I have been looking at the latest mortgage deals and have enquired about a couple but I am finding they have very strict criteria. Our situation at the minute is; Me - Salary 22k NHS Nurse - debts - Student Loan of 6k. Partner - Salary 38k Local Government Senior Manager - debts - Car loan We have never defaulted on…
-
What happens when you PORT a mortgage
Hi This is my first post so please bear with me - I am going to port my mortgage because it is at a very good rate, I have been in touch with C & G and they have agreed that I can port it , but I will have to go through the credit checks again but the rate is portable for life of the mortgage. Can someone explain to me…
-
Mortgage questions - Money Box Live Radio 4
Money Box Live - Wed, 08 Jul 2009 Hi, Here is the link to Radio 4s Money Box Live where people this week call in with their mortgage questions to a panel of experts. MSE gets a mention, enjoy. http://www.bbc.co.uk/iplayer/episode/b00lh221/Money_Box_Live_08_07_2009/
-
Fixed v Variable
I am coming off a discounted flexible tracker shortly, it is currently 2.65%. The best my current lender A&L can offer me is a 3 year tracker at 3.99% - even though I have a current and accounts and a perfect payment history - its as if they don't want the business. The Co-Op are offering a 3 years tracker at 2.39%.…
-
Help please - gift of deposit!
Hi Guys Am new to here but was wondering if anybody could give me some advice. About 3 years ago my partner and I wanted to buy the house that we currently live in. However, at that time we were unable to obtain a mortgage due to various factors such as my credit rating was poor at that time and my partner was self…
-
My mortgage rate
Hi all! Loan to value is 75% I decided to go on a 3 year fixed rate as I’m a FTB and want a bit of stability. The rate I have is 4.98% over 25years. Fees are £517.50 of which £250 is up front. Do people think this is a good rate given the terms? Or are there better 3 year fixes out there at 75% LTV? I have the agreement in…
-
Legal fees for amending Deeds
I have been paying half the mortgage on my partner's property for years and now finally, I am going officially on the mortgage. However, we need to get the deeds changed first to recognise my interest and have been quoted around £1000 by a local solicitor. Is this the norm for changing the ownership deeds? I would…
-
Do lenders take tax cedits into consideration?
I'm a working single mum and currently renting a property at £450pcm. I really want some outdoor space for my 18 month old son and would like to get on the property ladder. I work part time and earn £9928 p/yr before tax and receive around £6000 p/y in tax credits. I also receive maintenance payments. The house I have seen…
-
Endowment Lapsed or Paid Up?
In 1988 my husband and I took out an endowment for £105,000 which covered two mortgages. Years went by and we moved, bought another property, separated - about ten years ago- and I ceased paying anything towards the £188 per month premium as my husband was paying nothing towards the children's maintenance and I couldn't…
-
Taking over parents mortgage
Hi, we are currently living in a house that my parents have a mortgage for. My dad has suggested that we take over the mortgage as we already pay the rent that covers the whole mortgage. We have looked a few options but need some advise. My dad said changing the names on a mortgage but as far as I am aware he must stay on…
-
JSA - Help with Interest on Mortgage
Just wondered how this works. If you are entitled to help with the interest on your mortgage, does the money go straight into your bank account or off your mortgage and your payment reduced... or what? Does anybody know? Please move if this is in the wrong section.
-
Standard Variable Rate changed from 2% to 3%
Hi folks.. I am with halifax and my two years fixed rate mortgage comming to an end. I received a letter from halifax saying that my Standard variable rate will now be 3% above the bank rate after my fixed rate period is over. I checked my mortgage papers and it states that it will be 2% above the bank rate. Can they do…
