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Mortgage/Ownership question.
Its easier for me to ask the question by describing a scenario, thanks in advance for any contributions made to this thread. You buy a property on your own, the Title/Deeds are in your sole name, and you have a mortgage with a lender. At some point down the line you wish to remortgage the house, just to get a better deal,…
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Help! Do I cash in our Stand Life Endwoment?
We have a standard life endowment policy that was meant to cover a % of our first mortgage and we are now moving home. I am confused as to whether I should cash this policy in or not as we are going onto a repayment mortgage and will be taking out additional life cover. The details are as follows: 50% Managed Funds/50%…
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MSE News: Mortgage door slammed shut on the newly self employed
This is the discussion thread for the following MSE News Story: "The recently self employed will be virtually excluded from getting a mortgage from next week ..." Read the full story: Mortgage door slammed shut on the newly self employed
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Money on my mind....
Bought house for £130,000 in August and 10% deposit so mortgage currently £117,000. Currently in fixed term 5 year with halifax - 5.74% for 1st year and 6.69% for the following 4 years. Is it likely that when i go to remortgage in 5 years time that i will at least get a better interest rate that what i am currently…
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Self cert - going, going.......
A link for another lender pulling out: Platform
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Quick mortgage question
Hi all Just a quickie if anyone has the time to help me. Am looking at a tracker mortgage which is currently at 4%. So does that mean that say the BOE rates rise 2% it will be at 6%, 5% rise = 9% etc? Sorry if I seem abit dim - just not sure whether to go with a 4% tracker or 6% fixed for 2 years. thanks
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Buy to Let/ Equity Release / Non UK resident
So we are looking for a mortage broker, and don't really know where to start.....is there a comparison or general overview site that holds any water? UK property, it's rented at the moment, valuation 230k, only really want to borrow 10-15k against it, outstanding mortgage of 20k. Living outside Europe......id might be a…
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Help with payment breaks
Hi, I hope someone can help. My husband has lost his overtime and I am worried that we may miss mortgage payments. I have my mortgage with Nationwide and phoned them to see if we could take a payment break in order to pay off c/cards so that we would be okay for the future. They said that hardship does isn't one of the…
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Woolwich & FD Offset mortgage - how long for the offer ??
Hi folks Im looking at the Woowich & First Direct Offset products. Im on a very tight timescale to complete within 5 weeks.... What are your experiences in how long both First Direct and also Woolwich take to process and issue the actual mortgage offer please. As much detail as you can provide would be greatly appreciated…
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Intelligent Finance Mortgage Early Repayment Charge
I have a fixed rate mortgage with Intelligent Finance at about 6.3% and I have around 2 years left on the fixed rate term. I originally put down a 5% deposit when I bought my house (so it's a 95% product I'm currently on). If I sell up before the end of the fixed rate term I have to pay 3% of my total mortgage as an exit…
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Mortgage advice please - I'm confused
I got my annual mortgage statement today and for the first time ever had a look at it. I have to admit I never really taken an interest...just paid the monthly payment and that's it. I've had this mortgage for 7yrs and taken out two small loans/remortgages on it my balance last Oct was 77,654.99, I've paid off £6278,60…
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solitictors closed by LS
Hiya All, just a quick for all you experts, my money from a remortgage was with solicitors and they have been closed down by Law Society, what chances are of getting my money any time soon. my remortgage was totaly legit. thanks Maheen
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Derisory valuation for remortgage - should we pay for it?
We recently applied for a remortgage thorough "Your Mortgage decisions", a company I believe to be associated/affiliated to EasyLife. Owing to some dire credit history, we were advised by YMD (whole of market) that only one lender was prepared to lend to us. Brokers fees, valuation fees, and legal fees would all apply. We…
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Can't pay mortgate this month -natwest
Hello I have previously posted about my desire to sort out debts etc and have just about managed to negotiate reduced payments with credit cards (although still struggling with MBNA!!) I had a problem with car last week and the bill was huge. I had to pay it as the garage had my car and I need it for work. I checked bank…
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self cert snatch back
Due to the irregular nature of my business it was necessary for me to get a self cert mortgage. Part of the terms are that I must keep it for three years and if I move house during this period I must take the same mortgage with me ie. Port it. I am now planning to move in March 2010 but the lender has said that unless I am…
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Renting Out House on a Residential Mortgage - Advice Please
Hi all, I own a house that I used to live in up until the beginning of August this year - I have since moved in with a family member elsewhere and starting renting out the property. I haven't yet contacted the mortgage company to change the mortgage from a residential to a buy-to-let - I was planning on doing this in…
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Can you help us? We are clueless!
my partners income is £39100 We have a deposit of £23k We have excellent credit history with no monthly outgoings apart from food. Does anyone know how much someone would be willing to lend us? We want to move, but have no idea what prices to be looking at! Thank you for any help
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Mortgage with bad credit
I currently have a not so good credit score due to my time at university when i did nt care about my financial situation. I am now in a debt management plan, which i have been for the last 2 years and I pay on time every month. I understand that im probably not going to be accepted for a mortgage by myself due to my…
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fixed rate
hi just a quick question .My mrtgage brocker has found me a fixed rate of 4.49% fixed for 2 years with northern rock .At the momment we are on svr with bristol and west of 3.5.%.I really am not sure whether to proceed with this and am not sure it will prove to be a good deal.We have plenty of equity in the house but it…
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Mortgage advive plz - newbie
Hi, I was hoping to get some advice regarding what mortgage would be the best for me to go for. I am looking to purchace a house for around 250,000. I am looking at 60% LTV. What would be the best type of mortgage to go for in these current conditions and anyone come across anything reasonable? Tracker, fixed, discount,…
