-
Advice for Guarantor Mortgage...
Hi, I am looking into the possibility of taking out a mortgage on a property along with a Guarantor. I have scowered the web for info on such mortgages but cant find anything that fits to my situation, so was hoping for some advice. My rational here is that my credit history is ... less than perfect - have a default from…
-
Will they accept my mortgage application?
We have an appointment at an Abbey branch to apply for a mortgage next week, we have had a mortgage agreed in principle with them already but through a broker but have decided to go to Abbey and apply direct. We have chosen a slightly different deal to that offered by the broker. My only worry is my last three wage slips…
-
End of fixed-rate mortgage
I took out a 3-year fixed rate mortgage in February 2007 and in the key facts document it states that: After the initial fixed rate, the rate which will apply for the remaining term of the mortgage will be a variable rate, which is 2.19% above the Barclay Bank plc Base Rate, currently 5.25%, to give a current rate payable…
-
Too late to cancle Mortgage application and not be charged fees?
Hi All, We have had an offer on a house accepted and have put in an application with the bank today (Natwest). We have been renting for a year a felt the time was right to buy a house, but I am now having major second thoughts as to whether we actually should buy a house. There are some pretty major costs, not to mention…
-
Opinions on fixed rates please?
Does anyone know if historically five year fixed rates have ever been offered at below 4%? Briefly at the start of the year HSBC offered 3.99 but withdrew it within weeks. Easy enough to find base rate history but harder to know history of lenders rates - I just wondered whether anyone recalls lower deals than this in the…
-
Selling endowments.
I have 4 endowments 3 "With Profits" & 1 Unit Linked. All ending in 2018. My endowments are NOT linked to my mortgage which is now repayment (15 years). 3 questions for the group- 1. Is it worth trading my endowments to ofset debt today so I can pay off my mortgage quicker in the future? 2. Is it generally true that…
-
would we get a remortgage?
HI Im new on here and was just looking for a bit of advice My partner and i currently have an interest only mortgage with SPML ( through Capstone ) amount is £103000, we have just come out of the tie in period, and the rate has reverted to 3.24% above Libor, giving us a monthly payment of £338.49, I myself have had…
-
sent someone elces personal financial info in my mortgage pack
:mad: we recently re-mortgaged with woolwich thru barclays, last 3 years they have been great. this time around they were atrocious. they messed up the rate, they messed up details like my date of birth, and they sent me a full key facts illustration for a total stranger. i know this guys full names ( and his girlfriend,…
-
A bad time to change bank accounts?
Not sure if this is better here or on the bank account thread? Happy to move it if it's better there. I've just ended a two year fix (6.04%) with Abbey and reverted to their SVR. For now I'm happy to leave it like that and use the difference in payments to pay against other outstanding debt (credit card) However at some…
-
Endowment nearing maturity
We have a NU-Aviva endowment covering the mortgage and is due to mature next year. We have been overpaying the mortgage for years as the interest rate went down (didn't want to be stung if it went up again) so is well covered, but the forecast terminal payout seems to get less as time goes along. My question is : should we…
-
Will they reject my mortgage application because I don’t have a credit history?
Hello, I hope this is the right place to post this thread ;) I recently found that I had no credit history because my credit accounts with HSBC is missing on the credit reference companies database (both Equifax and Experian). I have contacted HSBC many time and they kept asking me to contact Equifax and Experian. But…
-
Anyone remortgaged a let property recently?
I currently have a mortgage with Nationwide which I took out when I lived in the property. Now I rent it out and they gave me consent to let initally for 3 years, without changing the interest rate (its just their standard rate, not a special deal). That 3 years is about to come to an end and I think they will now put the…
-
Porting my Nationwide Mortgage/ need 90% LTV
Hi, I am currently trying to sell my house for something bigger and more expectedly more expensive. I am 2 years through a 5 year fixed deal with Nationwide, and would like to port the mortgage, and top up the loan amount with the standard variable rate until the deal runs out. The problem is the house I like would mean…
-
AIP From Leeds Building Society
Hi My partner has had an AIP for a shared ownership mortgage with Leeds Building Society and i thought receiving that apart from obviously confirming income, documents etc. that we have the mortgage is this the case or do LBS do like RBS and do their credit checks etc after the AIP? (sorry just panicking as i have read a…
-
Extra borrowing due to probems not seen by surveyor
We bought a house a month ago and have been renovating because it's in a bit of a state. Before buying we paid for the mortgage company's (NatWest) surveyor to do a homebuyer's report which just pointed out a problem with damp. We got a quote to fix the damp and then took out the mortgage and bought the property. Since…
-
problems getting new Mortgage as income includes State Benefits
Hi all I am in the process of selling my flat and looking buying one slightly up the property ladder, I have a 31k mortgage with Alliance&Lecister,my flat has just been valued at 73k,when I phoned the A&L and asked about porting my mortgage and asked for increase of 10k,I was basically turned down as my income is now made…
-
Mortgage for a self employed with less than 2 years residence
Hi All, I am a professional,self employed (but with a contract that guarantees me a quite high salary as a minimum) that has been living in the UK for less than 2 years. I am looking for a mortgage, tried in a couple of banks and a mortgage broker, but the problem is that my residence is too short, even if the salary is…
-
Can someone please help me work out some figures??
Im going for a meeting at the woolwich tomorrow. Im interested in the tracker 3.24% with the £999 fee. Firstly, is the fee whacked on my mortgage (not a cheque or debit/credit payment with hard cash)?? Secondly, how do I work out roughly the monthly repayment and ultimately how long till I pay off the £999 fee??? Its a 35K…
-
Voluntary Repossesion?
Sorry if on the wrong board! quite new! My sis-in-law has basically been told by her mortgage company that her house will soon be in the process of repossesion - she has managed to get a private let at the end of the month and just wants to give the keys back. She has had continous financial problems which arent going to…
-
Bank of Ireland svr?
Anyone know what the rate is at the moment - can't seem to find it anywhere.
