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re-mortgage with an IVA
I would like to take advantage of the low deals at the moment (before they start to rise) but has I have an IVA I am finding it hard to find a company that will offer any deals. Even my present lender (Northern Rock) have put me into a category which do not offer deals. can anybody help?
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Urgent advice - mortgage change from interest only to repayment
Hi all. I'm in need of some good advice.....I took out a remortgage in 2006 on an interest only basis for £102k. My husband left in 2008 and I have maintained the £500 a month payments. Last year the mortagge company decided to change our mortgage from interest only to repayment (can they do this??) and therefore the…
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How long is a mortgage offer valid for
Hi There, I am currently on a variable deal of 5.47 which runs until the end of August, There looks to be some good fixed rate deals about at the moment and I was wondering if I could apply for one now and get the offer in and then take it up in August, How long does the offer normally last for, I have it in my head that…
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Can you help us decide which is the best mortgage deal?
Hi We are in the process of renweing our mortgage. The bank has offered us approximately 3.4% fixed for two years or 5.3% fixed for 5 years. DH wants to go with the former as it's £50 a month cheaper. I'm tempted to go for the 5.3% over 5 years as I have read that interest rates are going to soar and I'm worried that if we…
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Remortgage soon
Hi, I am looking to remortgage soon, as my current deal will run out. Can anyone advise of good deals at the moment, I am thinking along the fixed rates to be honest. Thanks
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Is it worth paying an early repayment charge for a better rate?
We took our mortgage 2 years ago and took a fixed rate of 5 years at 6.1% as we had no idea rates would drop as they have. Just wondered as rates are so much lowwer now is it ever worthwhile switching in the middle of a deal, we have an early repayment charge of £2,119 on our £ 70,44 mortgage, any help gratefully received…
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FTB Help with Remortgaging
I don't know whether it is too early to be thinking of remortgaging, but I will make figures a bit easier so i can hopefully get some answers. I bought a repossessed house (my first house :j) for £95,000 with a 90% LTV 2 Year Fixed Mortgage (4.69%). I am looking to do about £15-20,000 of repairs and modernisation to the…
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Advice Please
Hi all, My partner & I have a mortgage on our flat. Its only worth (currently) 125k our mortgage is for 121k. When we bought the flat it was worth 150k. I am currently on a Tracker. As I understand it we would not be able to get another mortgage as we dont have enough LTV. Can anyone who knows about Mortgages advise?…
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MSE News: Massive mortgage rate hikes: what should borrowers do?
This is the discussion thread for the following MSE News Story: "Urgently review your homeloan as some rates are up over 1% point despite no change in the Base Rate ..." Read the full story: Massive mortgage rate hikes: what should borrowers do?
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New tracker mortgage and the "end of the recession"!
I have just completed with a new mortgage provider, Woolwich, with a tracker rate. I have yet to pay my first instalment as it isn't due yet. With the apparent "end of the recession!" how likely is it that interest rates are going to go up and is it too late to pull out of the deal? My tie in is £999 for the first 3 years…
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New Build Valuation Problems
Hi everyone, I am trying to purchase a new build property with my girlfriend, the sale price is £167,500, firts time buyers. I am using the developers equity scheme to purchase it. (only need 5% deposit, 80% mortgage and 15% interest free loan from developer). Only two mortgage companies offer mortgages with this scheme,…
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Reposession
Hi everyone, a little help needed here if you dont mind? Basically me and my partner have a mortgage together and we have recently seperated. I have moved out and am now renting somewhere. He is still living in the house. We paid £125k for the house (which is mortgaged along with a unsecured loan for 10k for his previous…
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Can I cancel an accepted mortgage if it hasn't started yet?
I have been offered a discount on SVR, I accepted and suddenly the SVR has been hiked. I knew this could happen, but there are now more attractive remortgages. The new rate doesn't start until mid Feb. Does it depend on the lender? Or am I bound?
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Woolwich bank...
I am on a SVR with the Woolwich bank and as i am hearing rumours that rates might increase i wonder if i should now consider fixing again? And what sort of rates these might be ( i am i believe at maximum loan to value). Thanks in advance.
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Builder discounts used as deposit?
Hi! Does anybody know if it is possible to arrange with the builder and lender to use property discounts as "paid deposit"? The situation is we do not have at the moment enough money to give a substantial deposit, and thought that perhaps instead of taking the discounts which we have negotiated, we should leave the price…
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Mortgage advice for foreigners, nothing less than 20% deposit!
Hi! Me and my girlfriend need some help from all the experts here! We both are foreigners in the UK, with good jobs as engineers and earning a good amount of money. She has been living here for 4 years, while I have only arrived six months ago. We have recently become very interested in purchasing a house here in the UK,…
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First time buyer-Need advise pls
Hi, Im looking at a property around 175000 and have about 30% deposit. Would a tracker be good. As i'm not sure If i stay in UK or move out should i go for one without any early repayment charge? Also will all lender lend me money as i'm on a Tier1 visa and will get Indifinite leave to remain(permanent residency) after 3…
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Buy to let mortgages for Limited Companies
Hi all, First timer so interested in your collective wisdom. Am having to remortgage six properties in the name of a Scottish Limited Company. great time to undertake this but my lender has gone bust so no option. Any ideas as to who might be interested. Loan to value is good.
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Missed Payments (Mortgage Application)
Hi all, I will be applying for a mortgage shortly, and will be seeing a whole of market mortage advisor. I have been reading and reading up on this forum and others for as much information as I can before I make my application for a mortgage... I have 2 missed payments in the last 12 months on a credit card, and 8 missed…
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Mortgage and notice in contract for new job
Hi Wonder if anyone can help. Don't have a mortgage at the moment and am about to change jobs (having worked at my current employer for over 7 years) I've just been sent a contract for the new job, and whilst after 6 months I shall be on 3 months notice, for the first 6 months it is 1 week only. Someone suggested I may not…
