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Mortgages fix or tracker?
My mortgage deal is going to end on 13 December 2009. I am currently trying to decide whether to revert to a lifetime tracker rate of .95% above the base rate (overall currently 1.45%) with no fees or tie ins and wait and see what interest rates do. Alternatively do I fix it now, the options are a 3.49% for 2 years (no…
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Recommendation for WoM Mortgage Broker
My 2-year mortgage deal is coming to an end - lender only offering its standard rate of 4.99% or fixed 2 year deal of 5.69% with arrangement fees. Looking for personal recommendations only please -of a broker that you've used recently - would be good if it was in Gloucestershire.
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Mortgage - Legal Representation
Hi Guys, Going through my first ever mortgage application at the mo for a flat which we have had an offer accepted. I am very very frustrated with my estate agent. We have had our offer accepted and were told we needed to get a solicitor involved. I had been looking at services offered online from some solicitors and were…
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Shared Equity Mortgage
Evening everyone, as you can see, this is my first post here although I've read the forum for a while (mainly in the DFW section though). Anyway, myself and my girlfriend are in the process of applying for a shared equity mortgage for a new build apartment. I work in mortgages so have a very good understanding of…
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need advice an early settlement
my mother in law has an interest only mortgage with the halifax and recently recieved aletter stating that the full balance is due in 4 years time and if settlement is not made then they will reposess Now unfortunatly my father in law suffered a severe stroke and is now disable they have had to leavethere home and enter a…
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Morgage repayment & interest
I have been sold a fixed rate morgage which finishes next year, but its worked out that out of £900 only £130 is repayment the rest is interest. Could this be right as I've ben told the capital repayment will get larger the further the morgage goes on. I was expecting more like £300/400 as being the repayment. Have I ben…
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Maturing Endowment from Scottish Widdows
Hi I've got a 20 year endowment maturing in mid Jan worth around £23K. Been offered options of - "High Investment Plan" - extending the policy for another 10 years "Flexible Savings Plan" - leave the proceeds invested "Guaranteed Stockmarket Bond & Guaranteed Investment Bond" - ? Speak to one of their advisors! "Scottish…
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want property repossesed!
my daughter bought a flat 18 months ago,against my advice.she now realizes this was a mistake.she is in full-time employment,but with the mortgage and credit card repayments she just cannot make ends meet.she is at her wits ends and does not know what to do.I am happy to take her back with me.What would the ramifications…
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Refused a mortgage
We have just inherited a property worth 140,000 with a 40,000 mortgage outstanding on it. We have been trying to raise the money through our bank and with a broker, it now looks like no one will touch us with a barge pole. Can i get a family member to raise the money in anyway, we do not want to sell as we live in the…
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Switch to pre-authorised Abbey tracker?
We are coming to the end of a 5.59% fixed rate with Abbey (ends 3/1/10). WE will automatically revert to Abbey's SVR of 4.24%. Our intention was to re-mortgage with the Woolwich Lifetime Tracker at 2.27% ABR with a £999 fee including valuation and conveyancing fees. This was recommended by our broker. We are now getting…
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URGENT ADVICE NEEDED - mortgage woes
Me and my partner moved out of our mortgaged house to live closer to work and my brother rented house.. this has now gone pear shaped as my brother has moved out.we dide not tell the mortgage company who is now webb resolutions after gmac sold it, we have a secon charge and 3rd charge with differrent companies.......the…
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Getting a mortgage with no proof of income
Actually it's a bit more complicated than that, but I'll try and keep it short! A friends son has been given £30,000 by her ex-husband, to help with the deposit for a House. He's seen one and had an offer accepted for £170,000. He can raise the extra capital to make it up to £34,000 - so needs an 80% mortgage. Problem is,…
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New mortgage or loan to settle equity
Hi, basically here is the situ... I own my current home with my ex partner (not divorced yet!) He wants me to sell to pay him his equity (25K), we hold as 'in common' not jointly, have agreed split. (Children stay with me). We have 1% life time tracker deal I can port if we sell and move but I am self employed and my…
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Mobile Phone credit checks affect credit score?
Hi, I am going to be applying for a mortgage soon and was trying to sign up for a mobile phone contract. The company I work for will be paying the monthly contract, but the phone company has to do a credit check on me. The member of staff tried twice to check if I was eligible to take on a contract but it declined me both…
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Changing names on mortgage
My partner and I have decided to split and he will be taking over the mortgage. He has gone in to the mortgage office and verbally they have said its no problem with him taking it over (he is able to buy me out without increasing the mortgage). Do you know how long it will take and whether a valuation would be required?
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hardly any 'disposable' income, but still had 100% mortgage offer - how?!
i really don't understand the current financial market out there in the big bad world! :confused: i know a young'ish couple buying their first house (new build), it's got a 100% mortgage deal thru' the builders with no desposit - basically every incentive going to persuade a sale! just how are mortgages decided these days,…
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Any advice? Mortgage
Does your job and thus who you are employed by have an adverse or positive effect on getting a decent mortgage? I only ask as My OH is in the NHS, permanent P/T job earning around £19k per year. I'm in the forces earning around £36k per year (with many years to go!). We would like to buy but currently only have about £10k…
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Shall i cash in my clerical medical flexible mortgage plan?
We have had a clerical medical flexible mortgage plan since early 1999. It was originally meant to pay our morgage of £52,000. We have since moved and increased our mortgage by £20,000 so have a part interest only and part repayment mortgage. The problem is, that this plan could have a potential shortfall of £21,000. We…
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Building insurance change
A friend asked this question earlier in the week. He's a leaseholder on a council property which he has a mortgage on. The property has been transferred, in last few years, from the council to a housing association. Having reviewed & sorted his paperwork recently, he discovered he was notified that his buildings insurance…
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C&G fee free fixed deal at end of current deal - advice
Hi I've been looking forward to my fix ending in February - £160,000 so I can go onto the SVMR which is low at 2.5% presumably to keep the goverment happy after LTSB bail out. I'm paying 5.29% at the moment but got a letter today offering me 4.5% fixed for two years when this deal ends. I know its crystal ball territory…
