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How much do the bank pay for the money I borrowed from them?
I have a tracker mortgage fixed at 0.5% above the bank of England base rate, for another 23 years, I have £250k. What I would like to know is, when I borrowed this money, did the bank make there own fixed tracker rate with the bank they borrowed from or did they borrow the money at a fixed rate? could the bank be paying…
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90% LTV mortgages?!
Hi, We're looking to put our house on the market by the end of January and are looking to make sure buying our next house is feasible. When we sell our current house the equity will still only be about 10% of our new house value, so we need a 90% mortgage. Is anyone aware of any good 90% mortgage rates at the moment? Any…
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YBS Mortgage Product Transfer help
Would be grateful if anyone could help us... We have an Openmarket Homebuy Mortgage with YBS. We have been in the fortunate position to pay off both equity loans and as such are looking for a better rate than we are paying now since we are no longer tied in by the equity loans. We asked YBS what we could do with them what…
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Mortgage default
Sorry this is a long one! Last yr was a financial disaster for me. The economic conditions meant that I was earning approx 1.1.5k less per month and the result of this was that I struggled to make ends meet and got behind with my mortgage. Then to cap it all I got made redundant in June. I have managed to avoid reppossion…
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clueless about options re mortgage
Hi can anyone advise: what options may be available for me. I split up amicably from my husband 7 years ago and left the home.We had a endowment mortgage for 40,000. We had a understanding that when he sold the house I would get a 50% share of any profit. Unknown to me he stopped paying the endowment ( so they have…
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Anyone used saffron building society
Thinking of getting a mortgage with these guys any good or bad things I should know before I sign on the line?
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Living with Partner - Buying New House..Advice Please
I've been living with my partner for about 10 years now. It's her house. It cost about £40K. Worth about £110K now. Mortgage being paid off at about £280 a month with insurance. 10 years left on it. We want to move to a bigger house in the £170-£190K range. My partner has an income of about £40K a year, I have no income at…
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% of income on mortgage repayments
Sorry if this has already been asked somewhere! Myself and my partner have a joint income of £2600 a month, we have saved a 10% deposit (13500) and are looking at properties around £135 000. The mortages we have found cost about £800 a month (i only want a fixed mortagage), so approximately 1/3 of our joint income, does…
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virgin one account mortgage
does anyone any experience of the virgin one account mortgage.i'm thinking of changing and would like to talk to people who have this sort of mortgage.
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Mortgage valuation
Hi When my wife and I bought our first house almost 2 years ago, we had a 10% deposit, borrowed 80% off the bank and 10% off my parents. We'd now like to pay my parents back by asking the bank to add the money to our mortgage to take it c.90% LTV based on purchase price (less 2 years repayments). However, I'm concerned how…
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First Time Buyers... Do I?
Hi All, We are first time buyers looking at applying for a mortgage, We can get between 140-150k. We have been looking at the Nationwide fixed rate over 2 years @ 5.98%, my question is, We both have around £300 each on the credit cards and I currently have a loan that has £2700 left, would it be beneficial to clean debt…
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Woolwich change variable rate terms and conditions as fixed rate comes to an end
I had notification from the Woolwich just before Christmas that the variable rate to be applied will be 4.49% above base when my current 5 year fixed rate term finishes (July?). When I took out the mortgage the variable rate stated was 0.50% above base. Is it allowed for them to change my terms and conditions? I do…
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New year, New problem
First of all I would like to say Hi, good morning and a Happy New Year to everyone!!!!!!!! :j Background info: I am 23, single, finished university 1.5years ago and I currently earn £22.5k with 2 jobs and have been saving £1000 a month so I can get a deposit together for a house and move out. I live at home with my parents…
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How do i get a court order? (endowment related)
Hi, have already posted here but i guess it sounded a little like a rant !:rotfl: I need to obtain a court order in order to get someones name removed from a joint endowment. Can anyone suggest how this is done? kind regards in advance:T
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Bad advice Nationwide - should we complain?
Hi, At the risk of appearing to be a total plank, but buoyed by the kind advice given on another matter on this site (it's my lucky week!) I thought I'd post the following issue... OK, I'll try to keep it brief. We have a m/g with Nationwide since May 2007. The property fell into negative equity over the last 2 years and…
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Fee Free OffSet Mortgages
Are any of these available - All the ones I ve seen have pretty large arrangement fees !!! Any ideas
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How long will a re-mortgage take??
Hiya, We need to remortgage does anyone have a rough idea as to how long it will take if we stay with our existing lender?? Thanks
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Will I ever get a mortgage?
Just wondering if any MSE users are in the know really. My wife and I would "like" to get a mortgage. But I can summarise our position in an ebay style ad. We had a mortgage with northern rock and sold our house (luckily) when the housing market crashed and broke even (just about). Our current position is this: The Bad…
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abbey portablemortgage
currently have a 140,000 portable mortgage(fixed @5.5% for another 3yrs) and i am looking to port it to another property value 400,000 never defaulted any payments abbey (on the phone) say i need to reapply as if its a whole new application for a mortgage? is this right? is there a quicker way i can get it ported as we…
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Remortgaging opinions
Hi, I'm looking at the possibility of remortgaging, due to having received a lump sum recently. My current mortgage details are: Lender: Nationwide Amount: £520,000 Rate: 5.34, 10 year fixed, interest only Taken out in July 2007 I am looking to remortgage and borrow £370,000 this time. My current criteria for remortgaging…
