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Discount Mortgage deal ending soon
Hello My current deal is end at the end of the year the current deal is; First Active (royal Bank of Scotland plc) first 2 years - A variable rate which is 0.15% above BOE official rate which was 5.50%. for the remaining life of the Mortgage - a variable rate which is 1.10% above BOE's official rate do they have to give me…
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1990s rates
Can someone explain or point me in the right direction as to why the rates went so high??
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Mortgage advice for a friend
Hi A friend of mine has recently decided to make a few changs to his life, one of which is selling a house he has owned for the past few years. He bought the house whilst married to his wife (now ex). They never lived there, but together did the house up. She is named on the deeds with him, but the mortgage has always been…
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Fixed deal ending, what do I do?
Hi everyone, I currently have a 2 year fixed deal with Nationwide that is due to end in December. I bought a new house in 2007 on a 75% deal with the developer. The developer basicaly retains a 25% share in the property which I repay when I sell. As a result my mortgage is £89,000 on a property (now) worth about £110,000…
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Do I over pay my mortgage or save in an Isa?
I have a repayment mortgage of 70k, so I over pay by £100 per month (no penalties for doing this) or should I put the £100 in an Isa or retirement fund? Many thanks
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Length of time required to build good credit for mortgage
Hi. I appreciate that this is almost a crystal ball question but I was hoping to get some guidance and opinion. My partner and I would like to buy a property together at some stage in the future. My partner is currently in an IVA and the 5 year anniversary is next August and I understand that it will be removed from his…
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Adding a secured loan to our current mortgage
Hi, We have a secured loan, it was originally for 40,000. There is now around 30,000 left to pay. We are paying back 520 per month on this loan alone, and our mortgage payments. Is there any way that we can add this loan to the mortgage so that we are paying just 1 payment, and hopefully not as much as we are paying for…
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Can I get a mortgage for an extension?
Hi all We paid off our mortgage some time ago (closed the account) but now want to do a fairly major extension, prob £100k plus. Can we get a new mortgage or will it have to be a loan? Many thanks C
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Halifax SO Mortgages
I am looking to apply for a SO mortgage with the Halifax and just wondered if there were people that had already had been accepted by Halifax that wouldn't mind sharing their income/expenditure with me? i have some debt so just wondering whether it's worth applying if other people have been turned down because of this my…
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Variable rate mortgage
Say you where to take a mortgage out with a variable rate of 4.09% + base rate. That means it would be 4.59% atm. Does that mean if the base rate say goes back up to 5% then their repayments will be based on 5% + 4.09% = 9.09%? It makes you think doesnt it. Kinda makes the fixed rate mortgages seem like the better deal.…
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Do I overpay my mortgage to make up endowment shorfall???
Hi all, I could do with some advice please? I have a 25 year Standard Life with profits (including Critical Illness) Homeplan Endowment policy, with a target value of £80,000 due to mature in 2022, which costs me £141 per month. Last year when I received my Red Alert stating that it was not going to achieve my target, I…
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First Time buyer
Hi All, I know there are heaps of questions like this on the forum however each one seems to be unique and doesn't answer my question. My parter and i are looking to apply for a mortgage this week, but i am petrified they will refuse and we will have a bad footprint on our credit history and that will scupper another…
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Is your mortgage deal coming to an end? Don't be 'tricked' into paying for a new one!
Hello there, I just wanted to highlight something which I find very important when it comes to re-new your mortgage. As always, the bank send out a letter stating your mortgage deal is coming to an end and advises you to get a new product with your current lender. Just as previous times, I contacted my lender to see what…
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Feel railroaded into a deal that I'm not comfortable with
Hi there I'm really looking for some reassurance here.... My partner and I are buying a house on the LIFT Scheme (please lets not debate about shared equity) and we went to your moves mortgage adviser. We went for our initial meeting and came away with a quote from Halifax. He said this deal ends on the 9th because from…
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Mortgage Redemption Figure
I have just come to the end of a five year fixed rate mortgage with Mansfield Building Society and have been given their redemption figure for this mortgage. My solictior recived all the documentation from the Mansfield and a settlement figure which we have now paid back to them. We have now started a new mortgage with…
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Fixed of SVR not sure what to do
Hi Hope someone out there can give me some advice please. Coming to the end of my fixed 2 year deal of 6.08% with Nationwide I have a broker who has done a lot of work for us and my family over the years and he has come up with Abbey at 5.09%. for four years fixed Nationwide have offered 5.08%. I cant see this rate on…
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Shared Ownership / Remortgaging to buy rest with Dads help - Advice please
My husband and I currently own 50% of a property through a shared ownership scheme. We have lived in it for over a year and are now available to buy the rest of it in steps or all in one go. Now we don't have the best credit history, have missed a couple of payments in this mortgage and they were added to the 25yr term but…
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Mortgage in princilple
I have a mortgage in principle through a broker. It is from Nat West but the rates the broker is quoting are 7.29% fixed for 5 years where as on Nat Wests own website they are advertising a 5.99% fixed rate for 5 years deal. Can I use the same mortgage in principle and go direct?
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How to appeal a mortgage valuation?
Hi everyone, Could anyone give me some advice on how to successfully appeal a valuation survey? The situation is as follows: We are FTB with a 25% deposit and have an agreement in principle for a mortgage from NatWest. We are trying to buy a new-build two-bed two bath (full bathrooms) flat in Ruislip Manor (west London)…
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affordibility! please help! x
hi everybody your advice would be really appreciated my partner is getting a shared ownership in his name solely (my past credit wasn't great so i can't get a mortgage at the mo) his details are: income £16600 plus £400 profit share therefore net £1114 per month bills totalling: £496 rent and mortgage:£395 i earn net £1156…
