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Conveyancing
Could anyone advise of typical costs of convenacing on purchase of 167k property , nothing to sell ? Have seen quotes on line about £400 (is it dodgy to do online)but mortgage advisor said about £1100 his person he has reccomended charged Thanks
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Private Mortgage
I hope someone can give me some advice about a private mortgage. I am currently renting but have a mortgage on a seperate property that I rent out as it is too small for me and my children but would struggle to sell it in today's market. I would like to buy the house I am renting but would not be able to get any further…
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Possible solution? long post..
Howdy, I've just been to talk to Abbey today about my worries. (It's time to remortgage anyway) While I was going through all the very painful scenarios,I will have to make a decision soon. Anyway , I live in a nicepart of town ,owe approx £120000 max(90k mortgage rest unsecured) on a property worth around £235-£250,000.(1…
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Haggle down the cost of your existing mortgage
Haggle down the cost of your existing mortgage Cut mortgage costs even if you're locked in? A MoneySaver recently fed back to me how he asked for a rate reduction on his fixed deal (during the lock-in period), and got around 1% off, that's £80 a month cheaper per £100,000 of mortgage. There's no way to tell how widespread…
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Money Laundering
I am curious as to what depth solicitors go into when it comes to money laundering checks,and is it only your appointed solictior that does this check or does the mortgage broker and estate agent (Im buying only) also check? My parents are giving me the deposit and I dont know where the money is coming from and I dont…
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query about remortgaging
Hello folks thought I would enter the wise world of MSE. I think I know the answer but thought I would put up my problem for your perusal. I have a mortgage of £184k 6.9% apr with DB mortgages which is coming to an end in august. have spoken to 2 broker including L&C and my LTV is around 95% so have been told that it is…
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Nationwide BMR or fix - how to decide? Thoughts please
Please could someone explain what are Base Mortgage Rate Standard Mortgage Rate Standard Variable Rate I have a 5 yr fix with Nationwide which ended last month. Now reverted to it's the BMR. I have seen something that I think said that the BMR is better than most SVRs. Their website also talks about SMR - is that the same…
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Paying off mortgage/credit rating
Our mortgage is now £19K, which we can afford to pay off. But I have heard that having a mortgage is good for credit rating if we want another loan or credit of some kind. If we pay it off, we are left with 2 credit cards between us - one of which is paid off in full each month, 2 current bank accounts , various savings…
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First Time buyer
Hi, Can anyone help my friend is looking for the best mortage rates for first time buyer with 10-20% deposit , with her dad ideally as guarantor but dad could go on mortage if needed. Thanks
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Fixed Rate Ending Soon...
Hello Guys! So our 3 year fixed ratecomes to an end at the end of August. So normally I'd be shopping around for other good fixed rate deals, but with the interest rate doing what it did, what should we do this time? Should we just drop onto the base rate? We're with Nationwide at the moment. Any advice much appreciated,…
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SPML/Capstone -Repaying the mortgage
Hi there, I have a mortgage with the above & wrote to them explaining that I was having difficulties paying the mortgage in October 2008, won;t go into their shocking admin as I'm sure eveyone is aware! Have put the property on the market & have had an offer, there is more than enough between the offer & what is due, even…
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Remortgage
Hi, new to this! Our mortgage fixed rate term is up for renewal in Oct, at present we are with the Nationwide and I have tried to change now but they won't do anything until the Oct. We are looking to remortgage for an extra £10,000 to give to our son as part deposit on his own property and we don't want to extend our…
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Mortgage overpayment
Hi, I recently paid £8900 off my mortgage of £121 000. howewver Abbey didnt take my payment this month as they thought i was in credit. They have since given me the option to take my monthly payment of £594 from the £8900 which would leave my mortage at £112 694 instead of £112 100 had they processed it correctly. My fixed…
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considering buying now...? help!
I had a plan of saving £30k in 3years... however I am now considering buying now while prices are low... I have seen an apartment at £60k... so far i only have £6k as a deposit.. thus I would need a 90% mortgage. I have a good credit history and no debts outstanding. I earn £25k PA. Advice people? wait 3 years or buy…
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Mortgage advice - poor credit.
I currently have £75k mortgage till March 2011 fixed at 5.19% with excellent credit history . My soon to be hubby has adverse credit which we are trying to repair with cc's etc. We are saving for a place togther, we have £18k at the moment and are currently saving £2k a month into various savings accounts which should…
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THe cost of declining an offer
Hi-i have an offer from the RBS for 5 year fixed at 4.69% with fee of £299 and they pay valuation/legal fees. I initially paid the fee but phoned them up and they have added on to mortgage and refunded my fee. I think if i decline their offer i've read in their paperwork that i pick up the cost of their kerbside valuation…
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Advice on remortgaging required
Hey, Me and my boyfriend are currently on a tracker (0.540%) with halifax (20year). Due to expire Feb 2010 and revert to SVR. We purchased Nov 2007 for 142500 and obviously the house price has reduced - we estimate its value being around £128000 now (despite some serious renovation work). Our outstanding balance is £121000…
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additional borrowing or remortgaging
Has anyone ever had a default but still received additional borrowing or even remortgaged. Default not paid but should be removed end of this year. House valued at £95,000, mortgage is £57000 looking to raise extra £13,000 to pay of secured loan of £10000. Any advice appreciated.
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The £1 mortgage........
Why do some people maintain a £1 mortgage after the mortgage has been paid off? :confused: What are the advantages or disadvantages?
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Buy to let mortgage - lending criteria - question?
I've just recently left my job where I was for over 7 years earning a very good salary. I already own a few buy to let properties and have now decided to make this my full time job. I have a decent deposit to put down on a renovation project I have viewed but when looking at lending criteria for buy-to-let mortgages you…
