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Mortgages & endowments

Archives for February 2010

Mortgage offer made by Woolwich but need wife adding to Mortgage
Hi all, I was wondering if anyone had any thoughts on this. After a couple weeks wait due to underwriting delays, Woolwich finally made me an offer or a mortgage for my Shared Ownership purchase. I applied in my own name and left my self-employed wife out of it. We made this decision because we thought it would be simpler…
Remortgage query with Brittaina
I had a phone-call from my Lender today I am three years into a five year fix and they offered to fix me in for another five years with no charges. I am offered 5.34% for 5 years with a 5% early redemption penalty reducing 1% each year for 5 years. I think this is a good deal as interest rates are probably heading upwards.…
Re-negotiating after Survey
Sorry wrong sub-forum.
IFA unable to book mortgage?
Hi all, I'm currently in the process of purchasing a shared ownership new build and opted to use the recommended IFA to source my mortgage. They did the initial affordability assessment (required by the housing association) and then came up with a Woolwich mortgage (15% deposit, 3 year fixed @ 6.39%), which they said they…
Help.....renting out my mortgaged property?.....buy to let or consent to let?
Hi all.........sorry if I am repeating another thread but I am in need of some quick help.:wave: I am wanting some advice on renting out my mortgaged property (1 bed ex local authority ground floor flat). I will be re locating to Spain. I currently have a variable rate residential mortgage, which has an outstanding balance…
Do I need a solicitor for a remortgage?
I'm coming to the end of my fixed rate deal in May and I'm looking to go with the ING Lifetime tracker. I'm a bit confused as to what legal work will be done by ING and whether I will need a solicitor or not? We only bought this house just over a year ago so I know everything is in good shape from that perspective.
Mortgage Valuation Error
Hi, I am in need of some urgent advice please!! Me and my wife bought a new build property as first time buyers that was originally up for sale at £225,000 but managed to agree a deal rather easily with the builders (Barratts Homes) for £217,000. After signing and committing to buy at this fee we received the mortgage…
mortgage help please!
hi, Any advice on this problem would be a great help.. Ive recently finished my 2 yr fixed rate, since then i have been on a 4.99% variable rate. I was looking at getting another fixed rate but no bank will offer me one. The reason being that i bought my place for 113,000 but it is now worth a bit less, say 105,000. I owe…
Mortgage Product Fees Added to the Loan
Can anyone give me advice about adding a mortgae product fee to the end of the loan. A company called 'centro client review' have been in touch with me and informed me that providers are breaking the 2006 Consumer Credit Act by allowing the product fee to be added to the loan. They offer to manage a reclaim for you but…
second mortgage - how much will they lend us?
My boyfriend and I are looking to buy our first home together. He's a first time buyer, but I'm not; I'm liable for 1/2 my sisters mortgage. (about £60k of her £120k mortgage), but don't pay the monthly payments (about £600). How much would we be able to borrow for our own mortgage? We have a joint income of £64k, bring…
Prudential Endowment Maturity Question
What method of posting do Prudential use when sending out maturity cheques? Do they use ordinary mail, or special/recorded delivery? I ask because I will be away when it matures, and the Post Office only hold the mail for one week before returning it to the sender. It would be far easier by BACS but Prudential don't use…
Base Rate
Does anybody have any ideas about what the base rate is likely to do over the next couple of years? Cheers
Early Repayment of Endownment or Repayment Mortgage
I've got Lifetime Tracker Mortgage with the Nationwide, of which £19k is an endownment and the other £40K is Repayment. I am currently overpaying to reduce the term of the Mortgage, but at the moment the overpayment is reducing the capital on the Repayment side and not on the endownment as the endownment is due to end in…
To sell or not to sell now please help us experts
dear anyone please advise us can you please advise on what to do as me and my partner are at ends wit of what to do next. I know you cant decide on us and its only we who can make this decision , but any honest opinion from you all will truelly help us with this mortgage issue. We would be also utterly thankful. We got a…
mortage advice needed
hi just wondering if anyone can help me my boyfriend and myself recently went for a mortgage for 45,000 pounds when we applied together we were rejected because of my somewhat dodgy credit score but when my boyfriend tried he got accepted this was on the 04.02, he made another appointment for this friday (26.02) and went…
Legal fees for a remortgage - roughly how much?
Hi there, I'm trying to decide whether to go for FirstDirect +2.39% tracker or +2.09% tracker (but this one has £499 arrangement fee) - both have no tie-ins. They do however have legal fees. I have no idea how much this should be for a remortgage (surely cheaper that for buying a house for the first time?!). My other…
Affordability advice
I'm looking to apply for a mortgage next week for £94500 over 35 years. My current annual income is £22k and the only loan repayment I have is a student loan £52/month. I've spoken to two mortgage advisors and both believe I shouldn't have a problem getting the mortgage that I need. However when I look on various lenders…
SVR... After fixed rate ends
This is probably a simple one so apologies for my ignorance. I have a 2 year fixed rate mortgage at 6.7%, my paperwork says when the fixed period ends we will revert to the SVR of 4.4%. Now forgive me for my ignorance but if interest rates rocket between now and then the SVR would surely increase, is that right? Would they…
Ditching 10 year fixed
Hi, We have 8 years 6 months left on a 10 year fixed ,at 5.59 (over 18 yrs) and owe 71000 ,property worth 210,000, can over pay by 5 % each year and then incurr a charge of 6%. We will be in the fortunate position of being able to pay off about 35000 later this year My question is , should i just pay the charges and move…
Can someone help explain Mortgage additional costs
Hi can someone help to explain where additional costs are factored in? The costs they quote are sometimes said to be : Paid up front Added to the mortgage Or paid at the end. When working out my monthly payements on a fixed term. Do I add these costs on to my mortgage? And then divide by the number of repayments to get my…

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