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Halifax Shared Equity buyer deposit
Hi All, I completed a mortgage promise yesterday with Halifax for a new build shared equity mortgage. At the moment Halifax still require the buyer to pay a 5% deposit, but my mortgage adviser has said that since I came back as an 'A Grade Pass' that she would speak to her senior manager to see if they could accept the 5%…
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Over payment questions
Hi, My fixed rate comes to an end on 25th feb, intrest only, Just rang lender and i have to reapply to start paying the capital. I have been paying £458pm intrest only, but when on svr i would pay £464 paying the capital. But if i get rejected i will be on the intrest only. So would i be better off paying money into an isa…
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Credit OK but then mortgage (brokered) refused - how to appeal?
As a new poster I have tried to find an answer on these forums; sorry if this is a repeat situation. Trying to buy a house in the North of England. Offer accepted by vendor. Talked to broker in backroom of vending agents. She offered some mortgages, we went away and looked for better. Broker mortgage seemed just about the…
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Why cant I find a fixed rate at the rate I pay now ?
Hi, I am currently with the Nationwide and pay their BMR (Base Mortgage Rate) which is 2% above the B of E rate.....so I pay 2.5% variable and am not tied in. My payments are affordable and I would like to keep them that way, so why can't I find anything which comes remotely close ? I have 20 yrs left to pay and the piece…
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spml insolvency imminent?
So I'm obviously not the brightest light bulb glowing as I have a mortgage with spml. I read this today and cannot make head or tail of it :o . Would any of you be able to tell me please if spml do under how it would affect me? I'm looking at remortgaging now as I'm within 6 months of my fixed rate ending, would it be wise…
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Advice on changing a name on a Mortgage please
Hi everyone, I hope someone could give me some advice on this please. In November my husband had 3 mini strokes (he is 46). He was an HGV driver but can no longer do this. On top of worrying about his health we are now down a wage each month and have a lot of debt owing to various different credit cards and loans (totally…
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Mortgage, what for best?
Mortage 93500k House value 115-120k 22 years left ok, this is my first remortgage i am currently with ge money on a fixed rate 5.89% intrest only deal (bad i know) my current lender svr is 1.99% above base, so if i let this run that means i would pay £464 month but actually paying capital which is what i want, also looking…
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SEarch server for property websites and agents?
Is there any server which looks at properytyfinder, rightmove, agent's websites etc to find a required property with one click? Like google news or google shopping but for properties for sale or rent? Thank you.
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Irrational thought
Hi, More of a comment than a question: I have approximately 100,000 equity in my current house but wish to upgrade. The price of the new property is in the region of 260,000 hence I will be looking at a mortgage of approximately 160,000. Earnings are (joint) £66,000 and I have no loans/credit card debt. I also have savings…
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Mortgage?
Hi, i was looking for some help regarding a mortgage lender. Me and my sister have just inherited some money from my fathers estate when he sadly passed. The problem is we have been renting for the past few months and now would like to buy as we would be able to pay a deposit on a mortgage. My sister currently earns in the…
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Can tracker mortgages be repayment mortgages?
Hi All Can tracker mortgages be repayment mortgages? If so, given that the interest rate will always be variable, how can it be guaranteed that the mortgage will be repaid at the end of the term? Many thanks
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No hidden surprises?
Hi there, I currently have a fixed rate mortgage with Alliance and Leicester that ends in April this year. The rate will then go to 0.75% above the base rate. I rang to ensure that this meant it goes to 1.25% at the current rates, and they said yes. Thats great, but I just wanted to check that I'm a) not going to get hit…
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Mortgage and Bad Credit Rating
Hello, In may this year i have to give my x partner half of the family home (seperated 10yrs). He has agreed to take 50k,which im ok about but it meaning selling this house in order to pay him.This means i would keep my exsiting mortgage and down size to a smaller house(2 children left at home) I have spoken to the halifax…
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What's an Offset Mortgage
Hi Could someone explain to me what an offset mortgage is? Thanks
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What mortgage should we go for? Joint? Remortgage? Heeelllppppp please
Hi We are open and grateful to all advice. My husband and I are interested in buying a cheap house (well cheaper as there is no such thing as a cheap house these days!) renovating it and then hopefully sell it on to make a profit. Right so we know what we want to do but whats the best way at financing it all? A bit of…
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Extenting the house finance question
we are looking to have an extention built this year and are unsure of which way is the best to finance it! We have a mortgage of approx £55 remaining on a house worth £110k. Our mortgage is a discount tracker which is 0.6% above the base rate and ends 2012. We have a loan that finishes in July but would afford to double up…
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No mortage - no flat
i am a single femal who, reserved a one bed new build flat in May 2008. At that time i had a mortgage inplace. The flat was suppose to be complete by in Aug/Sept 2008. The missives were concluded in June 2008, stating no final entry date, and i am legally tied to the flat. As the credit crunch happened around this time in…
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Advice on finally taking plunge from fixed..
Hi..appreciate some advice on this... since getting divorced in 2006 I've had a couple of 2 year fixed rates, seeing that as being the only way to go, the current one runs out in March The stats: I currently pay £520 per month on a 4.99% fixed, 31 years left as it stands I owe about £98500 on a property worth around…
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Mortgage for House in need of Refurb
Hi My uncle recently passed away leaving his cottage to my mum. The cottage is in need of serious refurbishment, as it is like stepping back to the dark ages the cottage doesnt even have a gas supply etc etc. The cottage has been valued at £80,000 -- the cottage next door which is all upto date and modern is valued at…
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Moving mortgage from variable to buy to let
Hi All, I bought a house back in 2008 with a 10% deposit and a 90% variable rate capital mortgage. I'm free to move from this in July this year and keen to get it fixed as soon as possible as I'm sure interest rates will be increasing over the course of the next year. One Option that I am considering however is to move…
