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Ge money
Hello all, Does anyone know if GE are being tight letting someone switch to interest only while times are hard. My mate has a letter saying they won't consider it due to equity (75% LTV) and therefore 'sale of property' not being an adequate repayment vehicle. Her fixed rate is up in March and she will be changing back to…
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Extortionate Mortgage Fees?
Hi all, we remortgaged September/October last year as banks went into freefall. Whilst we were looking for products and rejected some, all of a sudden ALL fixed rate mortgages seem to come with a £2,000 charge :eek:as well as the setup fee? Or at least that's what our IFA told us. Does any one know of a past mortgage…
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Fixed or Variable
To Fix or Not to Fix that is the question. My mortgage deal ends on 31 Aug (BoE Base Rate+.49% Tracker £419/mth :D ), I have the option to go to the SVR of 4% (£557/mth) or fix for 5 years at 5.29% (£618/mth). Part of me says take the fixed rate, part of me says don't and drop onto the SVR. Anyone any thoughts?
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notifying lender of change of cirumstances - will they revoke loan?!
Hi there, hope you can help! Our fixed term 2 year deal with 1st Direct ends next May. When we took out the mortgage I was employed and my husband was self employed. Our income easily covered the loan. Earlier this year I was made redundant, 5 days before taking maternity leave. The same week, my husband took a full time…
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Mortgages and tax credits.
Does anyone know if any lender takes working tax credits as part of an income??
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Mortgage....offset?
Hi everyone Here are the numbers! I am in the UK. I have £20,000 savings. No finance or debt. The place I am looking to buy is £80,000 + fees on top of this. 25 year mortgage. I earn (conservative/lowest estimate as it can vary):-£22,000 Assuming my parent would go as guarantor if necessary.... So what is the best…
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Natwest SVR
Hi all, just looking through my mortgage papers, and my fixed rate runs out in march next year. I'm currently on 5.29%, which i thought reverted up to 7.29% at the end of the deal, but it turns out that was just an estimate at the time and the mortgage actually reverts to the the standard variable rate. However, hunting…
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Removing name from mortgage
Hi, I wondered if anyone could give my husband and I some advice... About 4 years ago my husband and his Dad decided to take a £50000 mortgage on a house which my father in law owned outright. This was then given to him as payment from my husband for half of the house (this was pre meeting me!). About 2yrs later they…
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The lenders are expecting further falls?
http://news.bbc.co.uk/1/hi/uk/8191007.stm
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Mortgage in joint names
Hi all, My partner has left me and moved back in with her parents with our two children, she says she cannot afford to give me half the mortgage payment each month as she only works part time and I am the one still living in the family home, both our names are on the mortgage(joint) and I was just wondering what sort of a…
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2 years until I have to re-mortgage
I'm just over 3 years into a 5 year fixed northern rock mortgage. The loan is about £105k @ 4.89%. Monthly repayment is £644 with about 22 years left. My income is about £17500 plus around another £500-1000 in bonuses/overtime. This works out about £1150-1200 a month net. I initially got the mortgage through a broker and I…
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Underwriters query
Hiya, we have applied for a mortage (75% LTV) via HSBC. The underwriters have called back us to show proofs of deposit as we hold only 20% of the deposit amount in the HSBC account. The rest are held in other banks. And one of the other account has a recent credit (about 20% of deposit). Its from a relative returning back…
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Should I take out loan to get achieve higher LTV?
Dear all, We are considering to take out a loan for around 14k to achieve a 75% LTV on a new built flat in order to be eligible for a 3.05% Tracker deal instead of a 6.84% 2 year fix. We expect to pay back the loan within 6-9 months. Is this a feasable strategy? Thank you all in advance for your help. LeserattePD
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ITL In the loop Application Requirements. Anyone know??
Hi guys, Was wondering if anyone could tell me the application requirements for ITL InTheLoop (connected with Stroud and Swindon i believe)?? Cant get a high st. mortgage anywhere due to recently being self employed and 1 missed payment for £100 (settled) logged on my credit report. Anyone have any suggestions????? Would…
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80% LTV mortgage on a new build flat?
Hello everyone, We (2 cohabiting professionals/graduates with clean credit records and no debts) are looking for a 80% LTV mortgage for a new build flat. We'd be borrowing 2.8x our combined income. The best rate an independent mortgage adviser could offer was 6.84% 2 year fix from the Halifax. We'd really prefer a tracker…
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help! Advice needed porting current mortgage
hi, im looking to be moving in just under 3weeks, we thought everything was sorted then we had bad news that our application had been refused. We have 100k left on our mortgage and were applying for another 31k. I have since been offered the shortfall from my parents so thought i would just need to port the current…
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Is it possible to mortgage a house owned outright?
Hi, Is it possible to get a mortgage on a house which I own outright? I'm looking to upgrade, but would prefer not to sell the current property just yet. I've looked on various price comparison websites but none of them seem to make it clear - I'm not looking for a remortgage, I'm not looking for a buy-to-let mortgage…
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Mortgage swap around? Possible?
Hi there folks just wondered if someone can get their head around this. I have 2 mortgages. One is a residential £105k on property worth about £150k. Other is a BTL of £138k on property worth about £200k. There are no tie-ins on either of the mortgages at the moment. If I sold the residential and moved back to my BTL…
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Prudential Enowment 1995-2015
I have a £55k Prudential Unitised With-Profts & Unit Linked Endowment, commenced 1995 and sceduled to mature in 2015. My mortgage is paid off and therefore this endowment is not required for that aspect. Currently it s value is less than the contributions I have paid, i.e.value at 31/12/2008 is £22,377, and my contribution…
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How do Nationwide estimate property value for remortgage?
As it says in the title really! Their quick calculator online suggests my property might be worth more than I believe it actually is at the moment. Our mortgage has been with them for the last 6 years or more - would they use their quick calculator or have someone come and look at the house? Thanks for any info.
