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Help; in a dilemma!
I am 2 years into my first mortgage on a typical '1st time buyer' small ex-council Semi-detatched house. The mortgage is fixed rate and was 100% at the time so I owe quite alot on it. After doing some calculations it works out that my repayment part is only paying off around £400 every 3 months so over the 5 years fixed…
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What happens after mortgage completion?
We are in a very fortunate position that we may be able to pay off our mortgage soon. But what happens on completion regarding paperwork, deeds etc. Do the building society hand the deeds over after our last payment? Also I've heard to not pay it off fully as the Building society look after the deeds, whereas if it is paid…
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Credit score and chances of a mortgage
Some advice please. I have just checked my credit score, its 853. Is this good enough to get a mortgage? I am a first time buyer, with 15% deposit and comfortably within what I am told my a mortgage broker a bank would lend me. If this score is too low I'd rather not try for a mortgage for fear of making it lower. Thanks…
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Base rates, the value of £1, and mortgage choices
From what I have read so far, broadly interest rates look to stay unchanged for 6 months with some saying low for "much longer". I want to understand base rates, just to feel confident about a mortagage choice, not to try and make millions second guessing the market. Instead of rising inflation being the threat that will…
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Worried and want a new Mortgage.
Hi People, ok here goes, moved into a new home two years ago,(Baratts) any way we had a mortgage with Abbey National and were going to renew with them, but Baratts insisted that we used their onsite broker, we were against this as we were being treated like first time buyers with no experience, even though this was our…
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Worried and want a new Mortgage.
Hi People, ok here goes, moved into a new home two years ago,(Baratts) any way we had a mortgage with Abbey National and were going to renew with them, but Baratts insisted that we used their onsite broker, we were against this as we were being treated like first time buyers with no experience, even though this was our…
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Yorkshire Bank 90% FTB
Does anyone know what their lending criteria is? They seem to do a good deal for 90% FTB but apparently it is only available directly through them (not thought broker) and wondered whether it was worth investigating further. Ta in advance! :beer:
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Help! 10 yrs into mortgage and new survey says it's structurally unsound
Hi, I am seriously hoping some one can advise me. I bought a house in 2001 and had an intermediete homebuyers survey done with no issues identified. I have since remortgaged a couple of times the most recently to remove my ex from the mortgage- i had to take a really poor deal and am currently paying 7.39% which is…
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Mortgage with defaults?
Does anyone have experience in obtaining a mortgage with a default registered against them? Mine is four years old but hasn't been settled. If so how did you go about it?
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GMAC Refund Letter received.
If anyone wants a full transcript of the letter, I'll stick it up, but they have found that i need to be refunded £311.04:eek: However please note, I've had to ring up and confirm where I live and confirm my identity(basic checks). Just a quick note though, if the mortgage was in joint names, and you do not have a joint…
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Confussed end of mortgage deal
Hi, i was just wondering if anyone could give me some advise, we are coming to the end of our 3 yr fixed mortgage with C & G our house is worth £115000 and we owe 92000. They have offered us a two year fixed deal at 4.5% or we can drop onto our SVR which is at 2.5% at the moment. The problem is our mortage adviser has said…
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Mortgage - Life Cover?
Hoping to apply for a mortgage Spring time next year. Anyway, we've owned two properties in the past and took out life policies on both of them. In addition, we set up another policy a while back - this was to cover us for a larger amount due to DH's work which was risky at the time. I was worried about me and the kids…
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Nationwide teeny, weeny profit
http://news.bbc.co.uk/1/hi/business/8369848.stm Well at least they can't blame me for their woes - I've been paying them 4.69% fixed right through the recession:eek::D
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Getting a reasonable sized mortgage when not earning much
OH and I between us only earn around £21000 a year, because he's early in his working life and I'm disabled. We're hoping to move closer to my family in maybe 3 years, but on looking into mortgages the banks wont give us enough to buy anything other than a really tiny flat in a crappy area. We live frugally and have plenty…
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Mortgage shrinker
Just tried the mortgage shrinker and it reckons i can reduce my mortgage from 22 years to 8 years,has anybody done this and would you recommend it or is it not as straight forward as it seems.
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Advice please.
Good morning, i need some of your wisdom if it is not too much to ask.. I am currently shopping around for a mortgage, but fear i am limited to where i can go. I get £17,000 a year and my wife £13,000 a year, but have outstanding debts. I have 2 cred cards at £900 each, a bank loan of 3,800 and car finance of approx 3,000.…
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New mortgage worries
Hi all, Me and my wife are applying for a new mortgage. My wife has been in the same job for over 5 years and I have recently changed jobs (been in job 2 months with 6 months probation - but before that in same kind of job for years). We have 25% deposit, no bad credit history, and have been with Nationwide previously…
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LTV: Is the value the actual price you pay or what the house is worth?
My girlfriend and I have sold our house and bought a new build. We're moving from a two bed semi to a four bed detached, the equity from the sale gives us a 23% deposit on a house we agreed a purchase price of £208K, BUT the list price was £219,995. The builder has been drip feeding the market 5 houses at a time and the…
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Repayment Mortgage v interest only with overpayments
Hi all Is there a difference between having a repayment mortgage or having an interest only mortgage but overpaying every month by exactly the amount as though it were a repayment one, if that makes sense It seems logical that it should be the same but I am sure I read somewhere that the interest only one with overpayment…
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Offset v Overpaying repayment mortgage
Hi all, If an offset mortgage and a repayment mortgage had exactly the same interest rate and term, is there any difference between overpaying the repayment one by say £200 p/m, or putting the £200 p/m in an offset account and paying the balance off when you hit it. I am just talking figures as opposed to other benefits…
