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Abbey mortgage question
Our current mortgage is with Abbey and we've decided to stay with them when we move, we went through the application for the new amount last friday and were approved straight away without having to provide any further information :j They told us once we received the paperwork, which has arrived this morning, then we can…
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Mortgage limbo
Hi I wonder of somebody could give me advice please ? I have around 25k balance across three credit cards, but have recently sold my house so have the money to pay off the balance. Before I paid them off I heard about a company that pledged to cancel or reduce my credit card balances (sounded too good to be true) so I…
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Mortage with a 'break up' dilema
Hello My partner and I broke up around 3 months ago. She moved out and is staying with one of her friends. Neither of us could afford to run the house on our own but as i earn the most it was agreed that i stayed. She contibutes a 3rd of the mortgage and i pay the rest + bills. She pays 300 i currently pay 626 + bills Our…
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Getting Rate Reduction on Fixed while in contract
Was very interested to read in the latest MSE update that this is possible. Has any tried this successfully (or not) with Abbey and care to share? Thanks MD
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When is a 4 year fix not a 4 year fix?
When it's an Abbey mortgage. My current deal ends on 25 October, so on 25 June I called to see what new rates they could offer me. The best was a 4 year fix at 4.99% albeit with a hefty £799 booking fee. Lo and behold, I receive the paperwork to convert the mortgage and the expiration date is 3 August 2013 - two months…
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Standard Life Endowment (Not Linked)
Hello All I was sold an endowment back in 1987 and it was supposed to pay off my then mortgage of 35K. I sold the house after about 10years but kept the endowment on. I have recieved yet another statement showing a value of 10K along with the usual small print saying "shortfall this", "times running out" blar blar. I…
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At the end of our 6.6% fixed rate, is our rate likely to INCREASE or DECREASE?.....
We have only had our mortgage for 18 months. We borrowed £152000 + fees, our house cost £160000. In 18 months time our fixed rate of 6.6% comes to an end. We thought we might get a cheaper rate once the 6.6% ends, as the interest rates have fallen by so much (I understand its hard to predict what will have happened by Nov…
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Re Mortgage + Adding Partners Name advice
Hi, I purchased a property november last year to renovate and I currently have a mortgage with Leeds BS - SVR @ 5.5% im halfway through the reonvation (kicthen, bathroom, 2 (out of 4) bedrooms, 1 of the living rooms, plumbing, full rewire etc all done) and My property value is around 85k (froom Zoopla) and i have 67k O/S…
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Future Mortgages (CITI financial) no longer offering new mortgages? question.........
Hi, We have had our mortgage through Future Mortgages since Nov 07. We had a 3 year fixed rate which obviously ends next Nov. I have read on their website that Future are no longer offering new mortgages as CITI financial have decided to focus their attentions on the CITI and EGG brands. Will this mean that next year, they…
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Nationwide - cannot transfer product
I am a newbie and have today phoned Nationwide as we took out our mortgage via a broker who blinded us with technical info and we got sucked in and agreed a 5 year fixed with Nationwide at 6.68%. Phoned to see if we could transfer to another product (obviously incorporating the ERC) but they said they would not be able to…
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Libor Rate
Hi folks, Long time reader, first time poster haha. My wife and I are about to end our two year mortgage fixed rate at 6.94% and enter into whats known as a variable rate tracker which is 2.25 above the LIBOR rate. Basically it means we are going to be paying less every month for our mortgage. Now we got this mortgage at…
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Cash buyers only property because its a First time buyer restriction?
Hi There is a property in the paper today and it is going to go for auction because its a first time buyer property and according to the estate agent no one can get a mortagage on it because it has a 1st time buyer restriction on it. It was on the market for 170K and kept on having offers accepted on it and then kept on…
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Poor Mortgage Valuation
Can anyone help - back in December I moved house to the house of dreams. There was stiff competition to puchase, based on much larger than average plot size, and location right on the edge of an estate overlooking green fields, good school catchment etc etc etc. The house was on market for £315k, and we had to offer £314k…
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Won case against Barclays/Woolwich with Financial Ombudsman Service
I've had a Barclays/Woolwich mortgage for the past 2 years and used to make regular overpayments without penalty. Under the terms of the mortgage I could make unlimited overpayments without penalty and these could be selected to shorten the length of my mortgage or reduce the monthly payments. I was told by the…
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Drive By Survey - WHAT A JOKE!
Just need some advice please. We've applied for a fixed rate mortgage with the RBS. He had to get to 75% LTV to get a rate of 3.49%. We got a text from RBS saying that a company would contact us with regards to arranging to come down to do a survey. Got a call later last night, from the RBS saying that our house was…
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Advice needed on my mortgage
Hi I would very much appreciate any advice on the best way forward on our mortgage. We took out an endowment in 1989 for £65000 ( finishes 2014) when we moved into our first house. Moved in 1999 took out a further endowment for £42,000(finishes 2019). Ournew mortgage was for £107,000. Received warning letters about…
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Advice on parental gift mortgage
Hi, I'm looking for some advice please. My mother is selling her house to us hopefully, it is worth £150,000, but she wants £110,000. That leaves £40,000 equity within the property. I will be getting a mortgage hopefully on my own, I earn £28,500 per year in a full time paid job, which I have held for 8 years. I also have…
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Idle curiosity
This isn't a moneysaving tip or request - just a general pondering of sorts.... Does anyone know when during the last 30 years houses have been the most affordable. Using the measure of .. average house price = X times the average salary obviously the lower the number - the more affordable the house
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Remortgaging, travelling and renting
I'm a first time buyer who's 2 year fixed mortgage is up at the end of September. Currently paying 5.29% and will revert to halifax current standard of 3.5%. I'm currently employed but have decided to going travelling (from mid september) for a year, I do intend to do some work whilst away. I will be renting my flat whilst…
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Best 90% LTV at the minute.
Hi, Just wondered if anyone has come across any good 90% LTV? I thought I had found a decent one with Furniss BS but it has really strict criteria (and rightly so) and because I have been in my overdraft in the last 6 months I cant have it. My over draft is a free facility and I am annoyed as I didnt go in it because I was…
