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Mortgage incorrect price phone vs letter
Hi I contacted my mortage company who advised me of my new rate £ and %. I received a letter in the post a few weeks after this and the % has stayed the same but the £ have gone up. Ive have sent a complaint to the company but they seem to be dragging their heals. What are my rights? Do they have to honour the orginal %…
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Can i claim compensation?
Sorry if this is in the wrong place. I'm new to buying a house and using this. We are first time buyers, have found a house and have done everything we can up to this point. We have our mortgage, have paid our solicitors fees, they have requested funds from nation wide. We were due to complete last week and exchange at the…
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Credit cards debts and a Mortgages
Hi I have £40000 debts on credit cards and have recently mised a few payment, Now I was left Half a house with no mortgage on it, but in the will someone can live there till they die, So I can't sale it. It worth between £90,000- £120000. Does anyone know where i might get a mortgage on this for around £40000 (less than…
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Advice please
bit of advice please have 90k mortgage on our house up for sale 140k, me and wife earn £31200 each per annum both have a credit card each 4k and 5k balances (just cleared all other card balances) was looking to move to a larger property, however today i noticed a house with land priced at 165k (been advised would except…
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Is there such a thing as a "Fixed Commercial Mortgage"?
Hello everyone, we are buying some holiday apartments next year and wanted to know if there is such a thing as a Fixed Commercial Mortgage? As for the first few years it will be a big help to know what we will have to pay every month especially as interest rates will be going up in the next few years? Any help on this…
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Self Build Mortgage/Bridging Loan
Hi, First time post after several weeks of lurking, but i haven't seen much on this subject. Myself and my wife are in the process of buying a plot to build a house on. We currently live in a house which has a 65k mortgage left but which we can remortgage for £120k (80% LTV). We also have 50k savings and no other major…
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Barclays Unit Linked Endowment????
Hi, We just had our statement from Barclays Life re our Endowment policy. Premium £65.87 Sum Assured: £36000. Not linked to our mortgage! Life Managed Series 3 Units 1019.3352, price 10.7870 Value 10995.57 Commencement date 10/12/93. I've made a quick calculation and we have actually paid in £12647.04 After 16 years I…
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Endowment information welcome
Hi I would appreciate some thoughts on the following. I am considering what to do about 2 endowments I have been holding onto, essentially as I have not really looked carefully at thier performance (obviously they have significant shortfalls at present). The first is with Prudential/ which was Scottish Amicable and it…
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Increasing the chance of being accepted for a morgage.
I was accepted for a morgage about 6 months ago but couldn't find anything sutable. I was then offered a new job with a new compnay which I took. I would like to reapply for a morgage. Will the fact I have only been in my new job 6 months go against me? Also what else can I do to make it more likely that they will offer me…
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Yorkshire Bank Mortgage/Vol. Repossession/Outstanding Balance
Sorry Guys, this is a little complex so I will try to be concise!! In 1998 I had a mortgage for a flat. I was moving home (another city) and knew that the flat would never sell - it was a donkey purchase, in an awful area with crime, drugs, etc. I had bought it on the advice of my ex-boyfriend, with a view to renting it…
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Abbey mortgage issue - should I pursue this?
Dear all, I hope this excellent forum can give me some advice on a mortgage matter. I contacted Abbey in September as I thought my mortgage product expired in December this year, and I needed to re-negotiate a new rate. When I rang the call centre rep said he could not help with any new rates as my mortgage rate expired on…
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Are we first time buyers???
Hiya need some sound advice. My partner and I are looking at buying our first home. Saw an independent advisor and he found us a good deal with RBS/Natwest for ftb on a 2 yr tracker. Had an offer accepted and rang to apply for the mortgage but are not able to apply as my partner owns a home. :mad: I know it sounds silly,…
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Variable or Fixed?
Hi we are moving house to a much more expensive one, we are burrowing an extra £90,000. Our mortgage is self cert the rates for burrowing more arnt great, its either 6.99 fixed for 5 years or 4.5 variable (4 above base) I read today that interest rates might go to 2% by the end of next year, there is an arrangement fee of…
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House buying advice - am I oversimplifying things?
I've read through some of the threads on here, and have a basic understanding that I'm after a capital + interest mortgage. We're currently paying £550 p/m in rent for a 2 bed Tyneside flat near the city centre. Thinking of moving further out towards North Shields, as we've seen plenty of semi detatched houses for around…
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Mortgage Payment Taken Confusion
Hello, I have recently taken out a mortage with a lender and would like some help as to why the following payments have been taken. Exchange Date: 23/10 Completion Date: 30/10 Payment 1 (including interest) was taken on 19/11 Payment 2 was taken on 01/12 It looks to me like I am paying back my fix rate mortgage in advance.…
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Flexable plus lifetime mortgage Abbey
I agreed my mortgage may 2006 and I think the terms and conditions booklet is either or december 2006, does anyone have a copy, as I would like to have just in case abbey should try and change our mortgages. I would be willing to pay for printing and postage, I did have a link to once but have lost the link. thanks marion
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Beware: Five Million Tracker Mortgages at Risk
Dear Reader, I am writing to you as a concerned industry insider. If you are one of the millions of borrowers currently holding a so called “life-time, full-term, guaranteed”, tracker mortgage then please take note. If you are sitting smugly thinking that you have got nothing to worry about, then think again. This time…
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Nationwide - overpay the full £500?
I normally just lurk in this mortgages and endowments board – I have a mortgage free diary in the mortgage free wannabe board, but I thought I’d post this here for wider coverage on the question (I’m also posting this in my diary). Background. * I have a repayment mortgage with Nationwide – 5 year fix at 4.79%. This now…
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Homebuy direct help.
Hi all, Well we recently took out a mortgage using the government homebuy direct scheme. The house is valued at 140K and we did a 75/25 split. So we mortgaged for 105k and homebuy paid 35k. The 35k is interest free for 5 years and can be paid off in chunks of 10% as required. After 5 years we have to either pay it off or…
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Your Mortgage Deals - The Big List
Hi - Thought I would try and build a definite list of what peoples current mortgage deals. No waffle all you can list is (my answers are next) Type of Mortgage: Standard Variable Rate End of Product: N/A Interest Rate: 4.99% Latest House Valuation: £150,000 Current Mortgage: £137,500 Years Left: 22 years. Look forward to…
