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Mortgage - can't decide between lenders and haggling ?
Hi After spending about 3 days trying to decide what type of mortgage to go for and which lender, I've found what I think is the best deal In a nutshell, I'm buying a property for £150k and putting down £100k so need a £50k mortgage. I had decided to go for a tracker mortgage at 2.59% above base rate. There is no…
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help with a mortgage applications
In the last 12 months I have taken controlling interest in a limited company. Although I take a salary ( no dividends etc) and my employment status has not changed, if I even mention 'managing director' they class me as self employed and will not deal with me until I have been at the helm for more than two years. I have…
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Mortgage and moving confusion
Hello I bought my first house nearly 3 years ago and my fixed rate mortgage is about to end. I am thinking while rates are low to go for a 5 year fixed rate mortgage. Being my first home i have a few questions about when we move. If i move while i have a 5 year fixed rate i would be moving to a bigger house and would need…
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Draw down Mortgage Funds before completion?
Hi Guys, I'm in the process of buying a house from a vendor who is buying a new build from Taylor Wimpy. The mortgage has been approved pending survey and everything looks set. The vendors won't be moving into their new build until May-June (Looking at the weather, could be longer!). Taylor Wimpy want to exchange contracts…
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Refused mortgage by HSBC
As per my previous thread about my and my partner getting the oppertunity to but a ex council house for 60 grand and then do it up the house has been lived in for the last 30 years by a old lady she had now moved out and the councill have decided to sell it off and given my gf dad first refusal of the house. Now HSBC have…
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Fixed rate ends in August - fiance wants to get a new job, is this wise?
Our 2 year fixed rate mortgage is up at the end of August. My fiance is stuck in a job he hates and it is really beginning to get him down. He has been at his current job for about 6 years now, I will have been in my job nearly 3 years when our mortgage deal is up. Is this true that you have a chance of getting better…
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Woolwich Mortgage Help
Hi Everyone, We have a mortgage with Woolwich. When we first took the mortgage out it was at 6.99% fixed for two years. When the two years run out it goes to a variable rate of 0.95% above the Barclays Banks base rate. This changes in July, I was just wondering what you all think the base rate will be around this time, and…
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Best Fixed Rate
I am looking to sell and move in late Spring. Anybody know who has the best Fixed Rates at the moment? Also anybody have any knowledge views on if rates are going to increase next month?
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Please help MSE test new tool: The ULTIMATE Mortgage Calc
Hi folks, We've been working on a mortgage calculator to launch in this weeks email, and are really keen on getting your feedback and comments on it, particularly on any glitches you find in the results! So if you;ve got 5 spare mins, it'd be great if you can have a play then reply in this thread with any thoughts. The…
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Woolwich Final Repayment Charge figure in contract&claiming
Hello everyone! Can someone please clear this up for me? I had a 3 year fixed term mortgage with Woolwich which ended last January. I paid a £275 Final Repayment Charge and yes this was stated in my initial contract. I've been reading about how this 'fee' has gone up and people have been able to claim the difference but if…
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Remortgage quandary!
Hi everyone, Like many people I am struggling to make my mind up with regards to a rapidly approaching remortgage! I currently have a 2 year fixed (A&L - 5.79%) which runs out at the end of April. A&L SVR is 4.99% which is what I will go on to when my deal comes to an end. I had my house valued last week at between…
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Mortgage question on behalf on my Parents
Hi, My Parents outstanding mortgage is around £60,000. Their house is worth around £270,000. About 18 months ago they had to drop their re-payments to interest only as my Dad's driving school business was not bringing in enough money to cover the mortgage and all the bills. They also have 2 loans and 2 credit cards. They…
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A&L further loan query
I have a further loan from A&L, £12450 at a rate of 4.99%. My main mortgage is at a rate of £150,000 1.49%, I was one of the lucky few who moved to a base rate tracker. Althought the 4.99% is a decent rate would there be any scope for adding it to the main mortgage and paying 1.49% on the whole total. I assume 4.99% still…
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Does a charge on a property become Statute Barred?
:mad: We have a mortgage that we are hoping to pay off within the next year or so with some money we have coming to us. We also have a charge on the property that we only found out about when we tried to remortgage about 3 or 4 years ago to get a better rate. We know we have paid off this dept, but Barclays have "lost" the…
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New mortgage/First TIme Buyer Confusion
Morning All. Hope everyone is well on this fine wet morning.. Advice please :) .. well .. help anyway :) I'm living in rented accomodation at the moment, and have recently been thinking about trying to get myself on the ol' 'ladder' as to speak.. only problem i have is i havn't got a bloody clue where to start.. I really…
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How much is considered the 'norm' to knock off an asking price
I'm just wondering really, we have had our eyes on a house thats been on the market for about a year now and its up for £189,000 how much would you offer first off?? Seeing as its been on the market for a while do you think £160,00 would just get laughed at? I dont want to go in too high either. thanks
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Getting a mortgage if you are considering taking voluntary redundancy
Hi, I may soon have the option to take voluntary redundancy and, if I take it, I am then planning to do some contracting via a limited company. However, I do not currently have a mortgage, but would like the option of maybe buying a house in the next few months. So, I am wondering whether I can apply for a mortgage now,…
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Rental Income considered in mortgage application
Be gentle! I have an annual salary £34000, wife has £4800 plus £2200 Child Benefit, we also have £26000 annual rental income after mortgage payment. Total annual income of £67000. We are looking to purchase our first house for us to live in but cannot fnd anyone who will consider the rental income which is more than my…
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missing payslips
I have a mortgage going through at the mo, the lender wanted to see my last 3 months payslips. I get paid weekly but am missing 2 payslips. I asked at work if they could get something printed off, all they could do was to print off a summary sheet that had details of my last 3 months pay. Now the lenders are saying they…
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mortgage advice please
Hi, I have just had a an offer accepted on a house and am wondering what is my best option for a mortgage. The house is costing £191,000, i have £110,000 for deposit/fees etc so am wondering what is the best thing to do. Generally i am veering towards a 2/3 year fix as i feel interest rates will only rise and the ones i…
