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Mortgages & endowments

Archives for September 2009

Any chance I can move to a Variable Rate Mortgage?
I have a question about my mortgage. I'm currently paying £1600 a month in payments on my house. I'm locked into a contract for 3 years with Intelligent Finance which I agreed to a couple of months before rates started tumbling (I kick myself again and again over this). That was around 1 year and 3 months ago, so I'm not…
Is this realistic of me?
I have put in a bid for a house that has been accepted, I have also just had my mortgage approved by my bank and this is now going to my solicitor to be finalised. However in the meantime I have had an energy report regarding the house I am in the process of purchasing sent to me. This report has outlined a number of…
90% LTV Remortgage Deals ????
I am looking to move away from Northern Rocks SVR onto a 5 year fixed rate deal at 90% LTV ( borrowing around £193000 over 22 years ) As we still have a large amount outstanding I feel it would be safest to tie into a 5 year deal and ride out the storm. I have around £125000 lump sum coming my way in 10 years which I will…
Stick with current mortgage lender or jump ship...help!!!
Hi newbie here, Hope someone can help or advise me on the best 'plan of action'??? Moving into a new property - value £280k Deposit - £120k Currently have (portable) fixed interest only mortgage with Direct Line of £78k fixed at 4.89% until June 2011 (paying approx. £321 per month) which has an early payment charge of…
MAS No 5
Has anyone else's fixed rate mortgate finished, only to be told that when they took the mortgage from GMAC that you went from paying in advance to paying in arrears, and claiming an extra payment from you at the higher rate?
Buy to let mortgage?
Hi - my partner and I are considering getting a buy to let property as our savings aren't doing anything at the moment. It's an £80k 2 bed flat and we have about £20k in savings, so have the 25% deposit. My work is connected in the property industry, so although it's slightly precarious at the moment, I've noticed a lot…
Mortgage Indemnity Guarantee (MIG) insurance
When I took out my mortgage 18 years ago I had to pay 1.5% (added to the loan )to pay for this insurance in the event that I ever defaulted on the loan - but any payout would go to the building society. It was NOT an option - no pay MIG - no mortgage. In the light of all the PPI misselling scandal should I be seeking this…
Am I a first time buyer?
Hi all, Just wondering if I am classed as a first time buyer? I did buy a house about 3 years ago and sell it... but have been living in rented accomodation since. If not first time what am i? Only other options are:- moving house remortgage.... Ta
re mortgage help please!
I currently have 2 mortgages -both same provider 1) Repayment £83k home (wife and i) (3.05%) 2) Interest only £95k flat which we rent (brother in law and i) (3.99%) The first mortagage is up for renewal in NOV and my current provider cannot offer anything competitive (4.99 fix). The second is not up for renewal until Nov…
Has anyone ever come across this?
Hello I submitted my mortgage application last week to Halifax for a shared ownership new build. The mortgage advisor in branch said the mortgage would be accepted as long as the valuation is fine. I have just called Halifax call centre and they have informed me that it looks as though the surveyor as declined the mortgage…
Does it affect my credit rating if i want to...
find out how much i could get on a mortgage? I only earn 21k per year. Just wanted to know how much a bank would give me before i know how much i need to save up for a deposit. thanks :o
Barclays mortgage reserve account
Does anyone know how this actually works as went into the bank yesterday and they do not seem to. My reserve stands at £47k and I need to borrow 20k from it to do a loft conversion but will only need it for at the most two months and will then pay if off in full, heres the point, do they add the interest owed on this…
Joint mortgage - are we first time buyers?
I'm sure this has probably been answered before but.... My other half and I are thinking about buying somewhere together. At the moment we both own our own flats. We are intending to sell his and keep mine and rent it out. After he sells his does that mean he becomes a first time buyer again and would we be eligible for…
Can I get AIP while still on probation
Any advice appreciated. I started a new job 8 weeks ago. I have another 6 weeks of probation before being made permanent. The job is going really well and I can't see there will be any problem with being made permanent, but in this current economic climate it pays to play it safe. I've also just started looking for a…
First Time Buyer Advice
Hi all, I am new to these forums, so please accept my apologies if I have put a thread in the wrong section! Me and my partner are looking to buy our first property, and have our first appointment with a Mortgage Advisor this afternoon. I just have a few questions before we go! I have just been offered a new job, if the…
Top-up mortgage or loan?
Hi, Well, hopefully we will be getting a deal done to sell our old place and move to a new one shortly, but I still have some questions about the best way to finance this. So I hope someone can help (and yes, I'll be sneaking away from my desk to call my bank shortly!). Our house is going for 290k. Outstanding mortgage is…
remortgage
hello everyone can anyone tell me if i remortgage how many years wageslips etc will the bank want to see. many thanks
Totally confused - is it worth fixing?
Hi, I've just come off a fixed rate with Direct Line where I was paying £634 per month on my mortgage with a balance of £90,500 remaining and house value of approx £120,000. I've approached a company and they suggested a 5yr fix at 5.99% which sounds OK, but they have suggested that I consolidate two personal loans into…
Buy to Let Mortgages
DH and I are trying to find a Buy To Let mortgage for about 90%. DH is a Vicar and so we live in the Vicarage but will need a house to live in when we retire in 25 years time. We've saved about 10% of a deposit (not easy on a stipend!) and are keen to buy something while the market is at rock bottom. However, we're…
Is this how it all works?
I am a new FTB, started to have a look round houses and have even had an offer rejected on a house we really like - ho hum... But thats not my question. My question is about the size of mortgage the lenders would actually give you. For example, on a 75% LTV mortgage, am I right in thinking that the lenders would only be…

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