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Halifax chasing us for review meeting. An opp to get us to pay more?
Amount remaining on Mortgage: £96,000 House valuation (Dec 06): £115,000 Nationwide's online property value calculator for today: £104,000 Since coming off the fixed rate in December 08 and going onto the SVR, my other half and me have continued to pay the same monthly payment amount as it was when it was fixed.…
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ignore
duplicate post. ignore.
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Savings Account vs Offset Mortgage Account
Hi there. I wondered if anybody could offer some advice to me please. I have an Offset mortgage with First Direct with a fixed rate of 2.99% for 2 years (23 months remaining). It's an interest only mortgage, but I am using it as a repayment mortgage by overpaying each month. My interest only payments would be £280pcm,…
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who does shared equity mortgages?
does anyone know who does mortgages on a shared equity bais.. I am looking at a new build house (not overly priced, I have checked the area) and the developer will offer 75/25 shared equity but I am unsure who offer mortgages on this type of thing??? thanks
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Advice Needed - Salaries etc
Basically I have had an offer accepted on a property for £160,000 and will be putting down a deposit of £42,000 to meet the 75% LTV ratio. My mother and step-dad are currently in the process of selling their property but due to recent unemployment, they will be left with more or less no cash following the sale and repaying…
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Fixed or tracker? help!
I am in the process of buying my first place and i'm confused as to whether to go for a fixed rate or a tracker. I am curently chosing between the co-op tracker for 3 yrs at 2.39% and co-op fixed 5yr at 4.99% I know that interest rates can only rise but I want some opinions as to whether they would rise enough over the…
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Which Mortgage to Overpay ?
A bit of advice please, we have 3 mortgage products, 1 repayment at 2.5% (SVR), 1 interest only at 2.5% (SVR) and 1 interest only at 3.14% (tracker), as the Nationwide have kindly refused to offer us any product at the moment as we allegedly have no equity in the property we are planning to overpay the savings we are…
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Interest only. PLEASE HELP.
My estranged husband would like to put our current mortgage (which is repayment at the moment) on to interest only repayments. then when the house is sold, or when the mortgage is complete we will pay off the outstanding ammount with the equity in the house. I'm not very good with mortgages but understand this will greatly…
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Fixed Term Mortgages
Hi I'm a little confused about my partners mortgage with the Halifax. He currently has a tracker mortgage which commenced in April 2008 and is paying a very low interest rate, however the Halifax have told him that this rate expires in Nov 09 as he originally applied for the mortgage in Nov 07 but it took 5 months for the…
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Halifax - coming off their SVR?
Hi, I have made an appointment with Halifax to discuss what packages are available to me now that my introductory rate has revereted back to their SVR. I am on a self-certified product and had LTV of 75% when I bought in May 2007. I need some advice as I am not sure what to expect (or if they will make me an offer at all…
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New Build Off Plan - Exchange without a mortgage?
Hello. I've had a read through but couldn't find a thread that was similar to my question. I am hoping for a bit of advice, but please no unhelpful comments about being mad to buy off-plan etc! Thanks. Essentially we have offered on a new build, off plan and we are very pleased with the price, the house and the build…
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Mortgage Advice needed
Hi all. Ive currently got a 25 year mortgage for £65000. I'm on a 3yr fixed mortgage for 5.39% with Leeds building society but its coming to an end on 1st September, and the new tracker rate they've given me is 5.49%. I'm just wondering whats best for me to do? Stay on a tracker with leeds of go for someone new, or go on…
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critical illness life cover on repayment mortgage
If someone was hospitalised for mental health reasons and did not inform their insurance company, what is the worst that can happen. The illness is not on the critical list, and they do not plan to make a claim. thank you
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Northern rock shortfall advice please
Hi, my property is currently on the market. My ex and I are going through a divorce and since he has been made redundant we have fallen behind with the mortgage. We are negative equity to the tune of 35k. Northern Rock has accepted us for the assisting sale 'scheme' and I am paying a reduced amount to hold back any legal…
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Is it worth us consulting a IFA for a remortgage?
It's not totally straightforward, we need somewhere who will take tax credit/child benefit into consideration as income. My husband has taken a lower paid job lately... Our current lender have point blank refused because we'd like to add some extra on, their loss... The Halifax are fine with it but maybe an IFA could help…
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capped tracker offset?
Hi My current tracker mortgage is coming to an end and I was pondering on both a fixed rate or offset mortgage. I then saw the capped tracker offset mortgage being offered by First Direct and it seemed perfect. I am now kicking myself for not acting quickly enough as they have just removed this product from the market…
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Nationwide Mortgage - what information do they ask for usually?
Hi, We have recently sold and had a offer accepted on a newbuild. House we are selling is in partners name, we are buying together and porting mortgage to new property. I have never had a mortgage, have had a loan and credit card, never had late payments always paid back etc. Same with partner so both our credit histories…
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How long to complete from offer letter
Hi All I applied for a remotgage with Principality and received my offer letter 2 weeks ago. Does anybody have any idea how long the remortgage will take to complete now as i havent heard anything since? Thanks for your time Kim
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Help! Switching mortgage with poor credit
Can anyone please give me some advice? I am selling the house I bought with my ex-partner and now want to buy a small flat. I will have about £175,000 deposit and want to borrow around £55,000. Our mortgage is with the Woolwich and so I thought it would be simple to stay with them, since we were on a good rate. I called…
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changing property details on mortgage application?
Hi I was in the process of buying a house and have received my mortgage offer. The house has now fell through and if i was to buy another one how would this affect the mortgage application? The new house is £20000 more and still within the affordability range halifax have set for me. Obviously i will have to increase my…
