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Negative Interest Rates
Two questions: Q1: Does anyone on this forum happen to be so lucky to be on a floating rate mortgage of BOE-rate minus >0.5% ? What I mean is, does anyone have a negative interest rate? I would just be curious how this would work practically. Would you receive interest on your mortgage? Q2: Why do you think that the BOE…
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What are my chances?
The situation is thus; We have 9 years left to run on a mortgage of around £45000. The property is worth around £135000. I earn approx £15000 working pt and dh earns approx £19000 working ft. 3 children and horrific childcare bills but we do get CTC of around £10000 per year which more or less offsets the childcare bill.…
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Mortgage Offer - credit card outstanding
Hi, Long time lurker here and finally got around to finding a house! I have had an offer accepted of 170K for a house and have got a 42.5k deposit. My mortgage is with Natwest and today got a phone call to say that I had been offered the mortgage and they will be sending out paperwork to myself and solicitor today with the…
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mortgage advice required...re libor deal
Hi I am hoping that I will be able to get some mortgage advice. A few years back we were really struggling financially , our mortgage rate was over 9% with crippling payments. We struggled on and are beginning to see light at the end of the tunnel now...... we are out of our term now and are libor plus 2.5% My question is…
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First time buyer
I am buying my parent's property below market price - £150k. Market value is £400k. I have a few quick questions. (1) Do I still need a deposit of 25% to get the best rate? Deposit of £37.5k from 150k. (2) Is stamp duty calculated at market value or at the price I'm buying at? Thanks for your help.
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Why is it so hard for FTBs
:o I live in an expensive town and my fiancee is a retained fireman in the town, therefore need to live in the town, but the prices are so high and therefore the deposit we require to get the mortgage is high too!! Is there anything I can do?? Who is the best people to talk to? Banks or financial advisors?? :confused:
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Need urgent advice regarding a court appearance
I'll summise this with the basic info I have on this, please bear with me. This isn't somehting I particularly wanted to get involved in, hence the fairly basic info. I know that those I'm speaking of need to get a solicitor of some sort, quickly but I'm at a loss as to which type, would one be better than the other, etc.…
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Northern rock, Deal's for existing customers
Hi I spoke to Northern Rock this morning and they said they are starting to offer new deal's to existing customers, Very slowly albeit. Has anybody on here had a new deal yet and was it any good? kind regards jason
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Release of funds
I recently had an advance approved, sent the signed copy back, just waiting now for release of funds, how long should this take? I had an email on Tuesday to say all documents received and they would send an update once the funds are released cheers
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Mortgage Through EA Broker NO KFI / Disclosure Doc
Hi, We have taken out a mortgage for a purchase through our EA broker and we are generally very unhappy with them. (We have the offer now) The mortgage was arranged over the phone and as she had previously done a remortgage for us she had all of our details so we haven't seen her face to face or signed anything. We haven't…
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Quick mortgage question
Hi all, Got some great advice in another section here re bank charges so going to give this a whirl to see if any of you informed peeps can chuck any good ideas my way. When I split with the other half bout 3 years ago he left me with loads of unsecured debt in my name. After struggling for 18 months I consolidated it all…
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Abbey Local printing of offer
Hi Abbey have finally sent the morgage offer to the FTB a couple of weeks ago. At the beginning of this week; after saying they were ready to exchange; they noticed the name was spelled incorrectly and had to order a new one. Due to the postal strikes there is no chance of it getting there today, and someone is saying they…
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One default - shared ownership - Joint Equity - HELP
Hi I am currently in renting and looking into buying a house. I earn 21k and have a deposit of £16k. I have one default on my credit file which I have only recently discovered, it was with a mail order company for £31.00!! It is now settled and showing a such on my file. Just wondering what sort of mortgage would be…
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Need advise on a remortgage
Hi, hope some1 can help me. I've accumalated debts of £20,000 on loans and credit cards to complete renovations to my house and i need to remortgage to pay these off. The value of my house is £100,000. and i have 19yrs left and £52,000 with northern rock (who dont do remortgages) my monthly mortgage payment is £320. I earn…
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Electoral roll??
Is it essential to be on the electoral roll for a mortgage application?? Reason I ask is we're not sure my girlfriend is (she actually filled the forms in last week but I doubt the system is updated that regularly). We have a meeting with Natwest next week about a mortgage application and this is the only thing I can see…
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Two Endowments to sell
I have two Endowments to sell. Has anyone done this before and which company did you use/recommend?
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Urgent advice for mortgage details...
Had a letter from a third party solicitor... i take it this solicitor acts as the intermediary?? As part of their stated terms it says that "...the balance of the purchase money has to be generated entirely from your own savings or the proceeds of sale of another property..." How is this defined? If i have borrowed money…
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House Valuations
Hello Martin , I would like you to look into the situation where property valuers are visiting people houses at the request of mortage lenders to value properties and are not providing the services that they are being paid for. People who are seeking a mortage have to pay as much as £275 for a valuation and at the end of…
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advice on mortgage deposit
Hi all sometime next year I intend to sell my property and hopefully buy a bigger home to get out of the 'box' that I currently live in. In order to do this my mother is also going to sell her small home and 'gift' me 100k of the profit to lay down as a deposit. When I buy the new home, my mother will move in with me, but…
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advice on mortgage deposit
Hi all sometime next year I intend to sell my property and hopefully buy a bigger home to get out of the 'box' that I currently live in. In order to do this my mother is also going to sell her small home and 'gift' me 100k of the profit to lay down as a deposit. When I buy the new home, my mother will move in with me, but…
