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Paying off a lump sum or making higher repayments
My current mortgage deal has come to an end so I've reverted back to variable rate. As this is much lower I've been making overpayments so the monthly amount is the same as it was under my fixed deal. However, I'm wondering if it would be better for me to pay a lump sum off (equivalent to a year's worth of the extra money…
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A&L / Santander
Hi, can anyone explain to me how Alliance & Leicester who are so 'proud' to be part of Santander can be charging a variable rate of 4.99% to existing customers yet offering new customers the Abbey variable rate of 4.24%? Surely the same company should be charging the same variable rate?
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Best 5+ year fix
We've found a house we want to buy for £390k and have a £210k deposit but the best 5 year fix we can find is 4.99% from Newcastle BS - has anyone seen anything better on the market for a 5 year (or more) fix? Thanks MrsC
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FTB Mortgage
Hi, I'm trying to secure a mortgage, initially I was trying to buy a 50% share in a house but this appears to be a definite no go due to the few providers offering those types of mortgages. However, the facts are that I earn 35k a year I have a deposit of 15k and the worst thing about my credit report is 3 payments in…
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Mortgage and credit check = failed
Hi all, We've been looking around for a while and found a house we've set our hearts on and we made an offer which has been accepted. We've also been looking around for mortgages for a while too and found the Nationwide 2yr tracker. However, today when I asked the mortgage advisor to check if our application would go…
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Change of Circumstances.
Hiya, my partner and I bought out first home Oct 07 and have a 5 year fixed mortgage. Our monthly payment is pretty steep due to the time we purchased our home, and I have also returned to education so my work ours have reduced, I am wanting to reduce my mortgage payments if this is at all possible? Does anyone have any…
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Buy to Let mortgages
Hi, Can anyone answer my question? I'm thinking about buying a flat in order to let it out. However, I'm a first-time buyer and don't have a very well-paid job - as in I earn less than £10000 a year. I do have approx. £16000 deposit though - and I'm looking at flats in the region of 150 000. My plan would be to buy a flat…
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Strange question from underwriter
Hi guys, I am applying for my first BTL mortgage, nothin massive 80k on 120k property. All my info was provided but i was asked today to give my address from 7 years ago. The structure was basically. Current address:4 months first ever mortgage obtained here Previous Address: 12 Months Previous Address: Five years Previous…
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Halifax mortgage process how long
Hi My husband and I apply for a mortgage with Halifax nearly 2 weeks ago. Now I can see my husbands credit report a unrecorded equiry from halifax but as of yet no one has rung us to ask for a payment towards the valuation. How long before I should chase them?? Is it a bad sign we have not heard anything?? How long does it…
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how long to fix for?
Hi all, I am currently on SVR with my lender after my previous fixed rate ended over a year ago. I have now received a letter from my lender offering me a 2, 3 or 5 year fixed rate deal with no fees (no booking, transfer, legal or valuation) rates are 3.99, 4.19 and 4.79 would you fix, and how long would you go for?…
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When a 2 year fix with Abbey, isn't a 2 year fix!
When is a 2 year fix not a 2 year fix? Booked a 2 year fix a couple of years ago (5.59%!) on 18th March 2008. Called Abbey today to discuss a new deal and they tell me it doesn't expire until June 1st 2010? They confirmed the book date that I had for the deal, but that the expiry was correct in their eyes. Anyone heard of…
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Halifax?
Hi - just wondering what people's opinion is of the Halifax mortgages and their customer service. I'm currently with the Progressive which is a local Northern Ireland Building Society. My deal ends with them in April when I'm looking to change. They only way I have of overpaying with them is by cheque or in writing. I'd…
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Remortgage on wives salary only (if I lost my job).
Just planning ahead at the moment, but if I lost my job (for what ever reasons) how much of a problem would it be for us to remortgage with just the one salary (£30000pa)? Currently owe £135,000 @ 2.5% (nationwide svr) house is valued at £200,000
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Reducing a settlement fig???
I remember reading a post on here a week or so ago that someone was offered quite a bit of discount to settle their mortgage as the company concerned was pulling out of lending. Does anyone know if this is a one off? Reason for asking is that I have a mortgage with GE Money and when I phoned to ask about a new deal they…
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Endowment maturity.
I am 50 next year and plan to retire on my company pension at 60 which is also when my mortgage finishes. My outstanding Morgage is £120k & my property is value is more than twice that. My mortgage is made up of 70k against endowment policies & remainder is repayment type. All is on a 5year fixed interest rate until Nov…
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Changing mortgage - advice required.
Hi, Wondering if anyone can advise me please? My husband and I own a property in Belfast, Northern Ireland. It is our only property. It was recently valued at £145k (lowest valuation). Mortgage outstanding is £92k. Monthly interest only payments currently under £200 per month. We recently rented the property and moved to…
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bisf construction (prefab)
I have had a mortgage on my bisf construction house for the past 3 years with Birmingham Midshire. Does anyone know of another institution that will mortgage these properties, this is a buy to let property.
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3 MOrtgage options, what shoudl i do?
I currently have a fixed rate mortgage which is going to end on 31st December. I am currently paying £650 a month and I am probably looking to move at the end of next year. When the 1st January comes around I automatically move to the standard variable rate of 2.99% which is much less than my current fixed rate. So my 3…
