-
Porting mortgages
Hi, Does anybody know which lenders are currently offering porting deals to their existing customers in negative equity? I have a mortgage with C&G, and read an article in The Times that said C&G/Lloyds can port mortgages so long as the buyer comes up with the deposit on the new property and does not want to extend the…
-
mortgages not available through brokers
Hi, We are FTBs looking to start househunting, and we met a very nice whole of market advisor yesterday who illustrated a few possibilities for us. To be thorough I've started looking at the mortgages which he isn't able to get for us and my husband is making a very complicated spreadsheet to outline our best options (our…
-
Bad credit mortgage worry
Hi there.... I'm really new to this so don't even know if i'm doing this right (sorry if i'm not!! :confused: ) I have been checking my credit score on experian for a few months now and have been updating new addresses and making sure it's all up to date. I've applied for a credit builder mastercard which i've had since…
-
No response re endowment mis-selling - Friends Provident/Abbey National
I wrote weeks ago using a letter format from the MSE site complaining about the way I was sold my mortgage endowment policy from 1992. My then mortgage was with Abbey National and the endowment which is still running with Friends Provident. I found an address amongst the old paper work:- Admin Manager Friends Provident…
-
Mortgage brokers - Northern Rock question
I have a NR mortgage on a flat in London which is fixed and expires 10/10. Two and a half years ago I accepted a job in another part of the country but wanted to hang on to the flat as my preference would be to return to London eventually. So I obtained a consent to let from NR for £250.00 and rented the flat out. Ok, so…
-
FTB - our solicitor will not act for us due to 'undertakings', HELP!
Hi everyone, Really desperate for some help and advice if anyone knows anything about this? We are FTB's; we found our perfect house in June and got our mortgage offer last week (Beacon Homeloans). We were so relieved when we got that, thinking all the hard work had been done, and we were hoping to sign our contracts this…
-
Carrying negative equity to new mortgage
Hi, I have a C&G mortgage which I took out in August 2007 for £207k. It was a 100% mortgage, and we currently owe around £203k. We recently had the property valued at an average of £190k. We would very much like to move within the next year or two, as I have taken a job over an hour away and we want to start a family, and…
-
FTB question
I looked at natwest and there is a deal for 5.69 fixed 2 year. If I got this loan it would cost me roughly 688 a month. If it goes to 8% then it will cost me 849 a month. Is this a reasonable price to pay a month or am I stretching my costs? It does scare me a bit if the rates do rise to 8%. ( It is for a 3 bed semi det…
-
Home devalued by surveyor and now lost mortgage!
I wonder if anyone can help us. We recently applied for a remortgage with First Direct. Everything was going really well and the only thing left to complete was the Surveyors visit. We received a letter from FD asking us to contact them. We called and was told that the valuation was too low for the mortgage we wanted.…
-
Help to find a mortgage
We moved out of our old house 2 years ago and have been renting until our old house is finally sold. We have agreed to buy the house we've been renting. However, although although we've never had any mortgage arrears and only have a 35k mortgage, my husband has a cahoot card which is used by his business and which the book…
-
Newbe Mortgage Advice Needed..
Hello there guys, I have been a long time reader and a keen learner of monesavingexpert.com. Hats off to Martin... (Cheers) I am a bit biased at the moment and totally out of the track when I google mortgage. Let me cut this short, I have bought a flat in London of which I have paid in full. By that I mean I have paid it…
-
any new deals just come on the market ?
im at the point where we need to sort our mortgage as we have put a offer in on a house and the deal is near complete, we have been holding off hoping that we would find a better deal but nothing has shown up yet, so it looks like were going with a 30 year, fixed for ten at 5.89% borrowing £135000 for a property of £200000…
-
Mortgage Advice!
I'm after some mortgage advice. As a FTB, I was looking at the potential mortgage options available and have only been given effectively two options from a recommended broker; a fixed rate (4year) at 6.99% which requires a 15% deposit and a variable (SVR) at 4.9% which requires a 20% deposit. I am trying to weigh up the…
-
If I move house, do I still have to prove income on existing m/gage?
I'm in quite a good situation; our house is worth something like £150k, the mortgage (endowment) is for £45k and we've overpaid (Nationwide flexible) to the point that the current outstanding amount is around £6k. Happy days so far :) We are contemplating a move, a sort of get-away-from-it-all kind of thing, but that may…
-
Northrn Rock back in the hunt - 3.29%
Link NORTHERN Rock unveiled new cut-price mortgage deals yesterday. The North East-based lender is offering a two-year tracker deal with a headline rate of just 3.29%. GG
-
Mortgage Multiples and Small Company Directors
I'm a Chartered Engineer and I run my own company (one man company) working on large contracts. I recently went to look into getting a new mortgage and found the following when used to work out multiples as self-certs have disappeared. Most places offer between 3.5 and 4.5 income as such: Employed: 4.5 x gross annual…
-
Nationwide mortgage rate
I haven't looked at the Nationwides mortgage rates for ages, I still have a small mortgage, I could pay it off but getting more interest in savings than I'm paying the mortgage. Just checking things on Nationwides website, I'm paying 2.5% which was their BMR. They seem to have got rid of the BMR and call it SMR at 3.99%…
-
Changing mortgage to interest only
Hi our 3yr fixed rate mortgage expires in november,we are due our first child in march so i am thinking about switching my mortgage to an interest only one for about 3 yrs, so it will free up some well needed money. any advice would be grateful and any extra fees they put on top for arrangements etc.. or if you could…
-
Thinking of Buying a House/Applying for a Mortgage
Hi folks, I am beginning to contemplate buying a house in the next 6-12 months - probably Q2 of 2010. In order to give myself the best chance of everything going through OK, I thought I would set out my situation on here, and if any kind folks were willing to give their tuppence worth, that would be greatly appreciated.…
-
How will a new loan affect my mortgage application?
Hi, My partner and me have just had an offer accepted on a property and have mortgage in principle. The issue is that my car has just given in the ghost and I desperately need a decent one for my job. I currently have a loan and my plan was to consolodate this within the new loan as it would be a lower interest rate and…
