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get out of a fixed rate?
I have got a mortgage with Nationwide, due to additional borrowing I have got 5 accts. 3 of which I fixed during Oct 08 @5.78% untill Sept 2011, the other 2 are following the base rate set at 2.5%. does anyone know if it would be cheaper for me to pay to get out of the fixed rates to get them on to the base rates or…
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hsbc 5 year fixed rate
been looking around for a new fixed rate , ours ends in November found this and just wondered if someone could claify something for me 5 Year Fixed £999 4.95% 31.10.14 Currently 3.94% 4.5% APR above the 3.94% on the website it says Then our HSBC variable rate for the rest of the term does that mean if we have five years…
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Mortgage Problems
Hi All, I have recently gone to apply for a mortgage and been declined on the basis of bad credit score. Gone in and checked my credit file and found I have had 7 missed mortgage payments on my credit file. I was told when I asked that I could have the payment break as I had enough equity in my property to do so. So I did!…
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FTB with debt help
Hello, I was wondering if I could get a couple of opinions on my chances of a mortgage offer? I am a first time buyer with a 25% deposit so I require a mortgage for £59000. My downfalls are that I am currently on a DMP paying £130 a month with about £4000 on that. I had 3 ccjs alltogether under the value of £1500 and…
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My mortgage company trying to charge me £30 per day for missing a payment?
Can they do this? My girlfriend said there is a letter at home for me (I'm not in UK right now). Apparently I've missed one or more mortgage payments, and they are going to charge me £30 PER DAY until its rectified. I'm not doubting I've a missed payment. I might have missed two. I've been bank transferring some money to…
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New Mortgage alongside existing BTL
I was just wondering if anybody could help shed some light on my situation. I purchased my first house on my own nearly 3 years ago, 12 months ago i moved back in with my parents and let my house out, changing the mortgage to a BTL. I am now looking to buy another house with my girlfriend, who still lives at home, we have…
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BTL Mortgage C&G or Lloyds
Hi, I am looking for a BTL mortgage 60% LTV for about £140k. I am liking the look of Lloyds TSB / C&G 5.19% fixed for 3 years. You seem to get the same think if you apply via Lloyds or C&G. My question is which is likely to be more efficient / speedy with the application process? Or are they all the same organisation now?…
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FTB - Valuation Too Low for Lender - Help!
Hi all, We're in the process of trying to buy our current rental privately. We haggled until we agreed on a price. We had done research via estate agents - knowing that they always overvalue - plus automated valuations and previous sales in the area (though there's not much recent, we thought we were roughly on target). We…
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What next - totally thrown off course
Hi all Quick background. We own our house outright following a critical illness payout (at which time the FA at HSBC advised us to pay the mortgage off - which we did). We have recently decided to do some debt consolidation and a mortgage for home improvements (improve don't move and all that) and applied to HSBC (whom we…
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Overdraft help..
Very general question for the mortgage peeps.. When applying for a mortgage, assuming everything else is absolutely fine, affordability, 'credit rating' etc.. Would having a £250 overdraft and dipping into it quite frequently be a problem? It is purely habit and could be stopped with immediate effect but application is…
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GMAC Interest Only Deal expired
Hi There My 2 year interest only deal with gmac ran out in april - i have been paying svr since then. I put down 80K on a 192K mortgage.The mortgage is in my name. I have never missed a payment. I applied for a joint morgage with my partner with Woolwich which was turned down because she has a CCJ which we didnt know about…
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mortgages changing jobs
i'm in the process of getting a mortgage its all going relatively smoothly. the only problem is i may be offered a new job whilst this process is going on. will this affect my chances of getting my mortgage?
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How much mortgage left in 14 months?
I'm sorry if there is a link somewhere glaringly obvious for all to see that I cant find but does anyone know where I can find a calculator that will work out what amount will be left of my motgage in 14 months when my fixed term comes to an end? Or any helpful advice on how to calculate it myself. I have a repayment…
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Mortgage Default Recorded
Hi My mortgage company had recorded a default on my credit file for hitting a high end of arrears approx £1100 back in 8th May 2007. To that end I have managed to clear all of the arrears since then and made full and proper payments on time for the past 8 months without fail. The only difficulty I have with the default is…
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Abbey requesting documents again!
Abbey are asking for documents they received 4 weeks ago (sent by our Mortgage Broker,by fax). This is the latest in a series of delays, broken promises on time limits by Abbey. Broker chasing every day with a contact (Business Manager). Advice welcome-I suppose its just a matter of time but so frustrating. Thank you for…
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Valuation of a new build
More of a curiosty than anything else but when the banks send out for a property to be valued, as per the mortgage agreement, how do they get a value on a place that isn't even built yet?
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Mortgage Question
Hi, I am trying to find out when applying for a mortgage will they just do a credit check and access it on my income details etc. Or will they also assess it on how much of a student loan I have remaining even if my monthly payments are only £30 per month. When I say student loan I mean the government funded one and not…
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mortgage arrangement fee
Please can anyone give me some advice on this matter: In march I decided to apply for a mortgage with the abbey on a 50% ownership property with the local housing association. I did this through a mortgage advisor. 9 weeks (during this time they lost the paperwork and the broker had to re send this again) and numerous…
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How to calculate possible mortgage
I realise this is a silly question but... Assuming my credit rating is fine how can I roughly estimate what kind of motgage I could get? Someone suggested that most conservative would be 'salary x 3.5' Is that true? I just want a rough idea whether it's even woth considering getting one or not.
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Bit of advice plse??
Myself and my partner are considering buying a house. My credit rating is good, i think! My credit score was 999 last time i checked. However my partner has a default on his credit file back in 2003 (apparantly it is due to fall off in Nov!) and i think his credit score was around the 800 mark. I appreciate other things…
