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Clearing a loan default (LloydsTSB)
Please can someone give me some good advice about a default on my loan. I had a loan with LloydsTSB which I went into arrears with about 3-4 years ago. The loan was eventually refinanced in february 2007. Checked my credit file and they've shown two accounts for the same loan. One showing the loan as settled and the other…
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re-mortgages on a 2nd property - help please
hi wise people, can anyone please help, any advice would be appreciated. I have recently acquired from my mother, full ownership of her house valued at roughly 100k. The reasons for this are quite complicated but the short version is that she has to raise 40k to pay off various bills as a result of a rather messy divorce…
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been offered an abbey mortgage.. fees
Hi there, I have used moneysupermarket.com to request advice for a mortgage. I got an informative call back from them then requested i fill in a mortgage promis form. i get a positive reply advising me of the 2 best fix rate mortgages one which was abbey: Lender: Abbey Product: 5.79% fixed until 31/12/2012 Monthly…
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Secured loan repayments
Firstly, sorry for being a little vague as I have to dig out the original loan docs for the specifics. This has been playing on my mind for a few weeks. We recently recieved our first ever annual(and only) statement from our secured loan lender (GE from memory). We never receive any info from them or any letters at all and…
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Buy to let mortgage for under-25, first time buyer?
Do any mortgages exist? I don't meet the paper criteria for any of the major banks (being under 25), despite being in a very viable financial position
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Best Mortgage Rate?
I'm looking for a 80% mortgage for moving to a larger house. I bank with first direct and they have given an indication that they will be happy to offer the mortgage at 3.49% (BBR+2.99%) for life. Having checked the websites of some of the high street lenders and this seems to be the best rate I could find. Is anyone aware…
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Canceling my Endowments
Hi This year we were lucky enough to pay off our Mortgage. We have two endowments, one with Scottish widows taken out with Lloyds TSB in 1992 maturing in 2017 and a Flexible Mortgage plan endowment with Legal and General taken out in 2000 and maturing in 2020. It seem an awful long time to keep paying into them when we…
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Rejected by Northern Rock - who can we try?
Hi I am buying new house; 300k with a 50% 150k deposit, 41k salary, debts of 10k will be settled on redemption. Was immediately rejected by NR (through broker); he suggested I access my credit file which I did. Showing a default with t-mobile in April 09 of £125; had loads of problems with them and they did stop contacting…
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Switching from residential to BTL
Hi all. Me and my girlfriend purchased our first house nearly 2 years ago now and so the fixed 2 year mortgage deal is coming to an end soon. We now want to switch the mortgage to BTL to let it out, so we can move into another property. We would also like to release some equity when remortgaging this property but are…
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How far do AIPs affect credit rating?
Hoping someone has some knowledge of how getting mortgage agreements in principle might affect my credit rating if I was rejected. I've been rejected once by Northern Rock - I think this is do with an error on the electoral roll giving the wrong address details. (I posted about this yesterday - sorry no link as I'm a new…
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Anyone heard of, or used, "Your Mortgage Decisions"?
I've done a bit of looking online but found no references to anyone having used them. They're a whole of market mortgage broker, and work with or are a part of Easylife. We've had problems over the last few years (many of us have!) but are turning a corner. We came off a fixed-rate with Britannia about 6 months ago and as…
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Mortgage or home owner loan or re-mortgage???
My husband and I have our won home and our own mortgage which is quite large with very little equity in our property in the current housing market. We are also joint owners of my mothers house which is owned out right with no mortgage. We curenttly owe quite a lot on credit cards and my mothers owes some aswell, what we…
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SPML Mortgage - 2yr Fixed Term Ended - Help/Adivce Please!
Hi, Me and my OH took out a mortgage with SPML (i know) back in 2007. Our mortgage was fixed for 2 years, that term has now ended in August 2009. Our monthly payments are now calculated on the LIBOR Rate, so until December, the payments have come down. I don't know what the rate will be by Dec. To put another spanner in…
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Overpayment - is it worth it
Sorry if there is a thread on it but i currently have a 71K left on my mortgage and my payments are about £370 a month which is not a lot out of me wages. Now, i have a few thousand in savings and was thinking that as the interest rates are so low it would be better for me to use this to pay down the initial loan amount so…
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Overpay on repayment or interest only mortgage?
Hi, I'm a long-time subscriber to the site but new to this forum and wonder if anyone could advise me? I have 2 mortgages. I have an interest only mortgage (5.19%) on a property I let. The mortgage has a borrow back overpayment option of up to 30k at present. Last yr I paid back 10k on this mortgage to reduce it from…
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Offset Mortgages against savings?
We are currently looking for a new mortgage as our other is about to expire. We currently have a deal in place with NR, which we are thinking of for December, but have started to think of an offset mortgage? I believe this is whereby myself and my wife put all our money into one big pot (account) plus our savings ie:…
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can you get a mortgage at all on park homes?
what about log cabins? thanks in advance for any input.
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Equity Release questions
My parents (age 75) have a property worth about £450K, an existing Equity Release arrangement with Northern Rock with £180K currently owing and so have £270 equity remaining. They want to raise another £60K or so, but Northern Rock no longer have any deals. 1. Can you have 2 separate equity release deals on the same house?…
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Best 80% LTV deal for a FTB fixed for 3/5 years?
I'm looking to borrow £136k on a purchase price of £170k. Earning multiples aren't a problem. I have no debts other than my student loan (less than £1k remaining) and all credit cards are paid off. So far I have found the following: Loughborough BS - 4.99% for 3 years, £499 product fee Nottingham BS - 5.69% for 5 years,…
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Make Mortgage Payments By Credit Card To Get Airmiles?
Can I use a credit card to make my monthly mortgage repayments? Just now my monthly payments go directly from my bank to Northern Rock. If I could pay using my Lloyds TSB Aimiles Duo credit card instead I figure I'd be able to collect lots of airmiles every year. Is there a difference between the contractual monthly…
