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fixed term coming to an end...
Are we in trouble? We fixed into our mortgage two years ago which comes to an end in April, we bought the house for 120,000 and owe 114,000 BUT with the recession is the house going to end up worth less? Im really confused please help :)
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Homebuy Direct!
Hi All, My Girlfriend and I are looking at moving in with each other this year. We have had a look at the Homebuy Direct Scheme. This looks the most appealing to us both at the moment. We have had a look at a few properties recently. The value being £165000. I've spoken to a financial advisor and they have said that this…
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Sole trader / Ltd personal mortgage
Hello, I am looking at the possibilities of starting a private education company this summer to start in the new school term. I haven't decided which form of trading I will go for be it Sole Trader or Ltd. My family plans to move house in approx Sept 2011. I am currently employed. If I do start up, what problems will I…
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Homebuy Direct Difficulties
Hi, This is my first posting so apologies if I'm in an inappropriate forum or anything. Just wondering if anyone has been in a similar position as me with regards to the following and/or there's any helpful advice out there. My wife and I had agreed the sale of our property and, having looked around new builds in our area…
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Shared Ownership Question????
Hi Everyone, I am brand new to this forum and the concept of SO. I am a 22 year old student who has the expected student debt that follows (approx £22000). I am due to start a graduate scheme job in September and will be on approx £27,000pa. I have always hated the idea of renting properties as I have always viewed this as…
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mortgage coming to end of fixed rate
my fixed rate mortgage is coming to end of july .it will go on to the varible if i do nothing . can i go on varible rate if it is cheaper then if 4 months down the road it goes up can i switched to a fixed morgage
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Should we keep trying
A mortgage company has just declined our application due to credit score.:mad: Should we bother applying to another mortgage company?
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Commercial mortgage broker fee advice
Hi I've been chatting to a number of brokers recently and their fees vary greatly, I've come across a couple who ask for a fee with application of £395 - £495. One of these tried to convince me to sign a form agreeing to pay this even though I'd told him I would think about it - he said it didn't commit me to paying…
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HSBC Mortgage, interest rates and the credit crunch... advise needed
Hi, I was wondering if any kind souls could give me some money advice on a few things. Any help is appreciated Bank Charges I was recently informed (and I am sure the bank was happy to send me the letter) that my claim for bank charges was rejected - Does this mean that I have to forget the idea of reclaiming these charges…
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Offset Mortgage for Contractors?
my offset mortgage problem..... I currently have an offset mortgage with IF but they no longer offer new mortgages so I called First Direct last week and was halfway through the process of getting an agreement in pricipal when the phone died. I have just rang back to complete the process and I had to restart the process…
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when is a svr not a tracker!!
i was having a discussion on a thread i started today and it came to a halt-i have a standrard variable rate mortgage of 55000 which is on an apr of 2pc-like most trackers and discounted mortgages it will go up with the boe moves--am i dumb or missing something??!-i see no reason to move products!! !-i know your going to…
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C & g fixed rate mortgages - warning
If you have a fixed rate mortgage with the C&G you may wish to check exactly when it finishes. I took out a 2 YR FIXED mortgage at 6.1% in Oct 2008 and expected it to finish this year. However, when I rang to confirm they informed that it ACTUALLY finishes in Feb 2011 - so it was actually a 2 yr 4 month fixed rate, which…
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Best way to get away from hi interest mortgage?
We have a very high rate interest only mortgage which we'd like to get out of. Circumstances behind it are poor credit rating meant few lenders were willing to take us on at the time. The property cost £160k with a mortgage of £100k. We are now getting back on our feet but meanwhile the property valuve has dropped to…
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Can i remortgage if i am in a Debt management plan?
I am on a SVR with Northern Rock - I am looking to remortgage asap to get a fixed rate with somebody for 12/24 months as with interest rates increasing i will know where i am on a fixed. and more likey to afford a fixed sum each month. The Problem is i have a debt management plan set up for my unsecured loans (i was made…
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Stuck with NR but want additional borrowing - can i get a 2nd mortgage?
Husband & I are 3yrs 4m into a 7-yr fixed with Northern Rock. Want to raise some funds for an extension & plan HAD BEEN to take out additional borrowing on our NR mortgage. But have now been put into NR (Asset Management) so NR no longer offer additional borrowing to these customers. Current LTV approx. 55%, good credit…
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Can I keep my existing mortgage rate?
I wish to add my partner to my current mortgage. We'd like to use her income to increase the potential loan amount available to us to buy somewhere more expensive. However id like to do this without jeopardising the current mortgage rate I have with my bank. I’m certain I read somewhere that its possible to take your…
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Skipton Lift SVR Mortgage Ceiling for Existing Customers
Skipton BS have today announced that from 1st March they are lifting their SVR mortgage ceiling for existing customers. http://www.skipton.co.uk/mortgages/svr/?utm_source=homepageSmileRightk&utm_medium=banner&utm_term=SVR&utm_campaign=svrCampaign This means that when your deal ends you are now paying 4.95% instead of 3.5%…
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Take the deal now or wait a while longer?
My fixed of 4.99% with A & L ends at the end of April, for some reason I thought ti was end of feb when I phoned to see what was on offer....which is base rate+ 1.39% for 2 years with no fee and I can reserve it now I can't find anything that beats it at the minute..and I realise it's one of those asking for a crystal ball…
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Help, are things really that bad??
Good Morning, Some advice please, for free of course!! Have just had a mortgage adviser round from our local estate agents and has said that he can`t help us, now.. My partner and I have had a mortgage for nearly three years, coming to the end of our fixed period. When we took the mortgage I had a default on my credit file…
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Remortgage: Fixed or Tracker!
Currently on S Life 5.**svr. Want to remortage now as to avoid the masses, also feel the need to be more secure for the future. But, tracker or fixed... our broker says tracker for 2 yrs as anything is better than 5.34% (i think with SLife). But my head is telling me, fixed for 4/5 yrs. We also have a buy to let investment…
