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RE-Mortgage application witness signature & guarantor??
Not sure if this is best here or loans....... A good friend of mine has applied for a £30k remortgage. I know his position and know he can comfortably afford his repayments (friend for years and work together). He has requested I sign his application as a WITNESS to his signature. The form he has presented is mostly…
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Help needed choosing a buy to let mortgage
Hi, I'm trying to decide between two £85k 25-year buy to let mortgages: One is the Post Office, initial rate for 3 years of 6.89% fixed, 2.49% (1.99% above base rate) thereafter. Arrangement fee £600. The other is NatWest, initial rate for 2 years of 4.89% (4.39% above base rate), 4.5% thereafter (4% above base rate).…
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Endowment actual final payout vs projected
Has anyone recently had their policy mature? Just wondered how close your actual total payout was to your most recent yearly statement projected amounts? The one where they typically show 3 values (low, medium and high), with the low based on 4% growth or something similar. I’m curious as I’ve used the low in my shortfall…
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current svr against going for an offset
İ am currently enjoying a 2pc svr but am mulling over going onto a 4.39 no fees offset with ny current lender- my ltv is 32pc and my mortgage 55k but i have about 23k cash i want to remain flexible with-any thoughts or advice
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no money but got equitly
My Mum (55) and Dad (72) own £36000 on their mortgage thier hojme is worth £160000, they have no means to pay off the rest of the mortgage can they sell 1/3 of the home to the bank or to some type of company, to clear the mortgage and free up some of the equitly so their can enjoy the benifits of thier investment rather…
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remortgage/second home???
Hi there, Can anyone explain in very simple terms regarding keeping our home at the moment, renting it out and buying a second home. i have trawled through lots of sites and cant make head nor tail!!! This is the question I would love an answer too!!! We have made about 90,000 on our current house, we would like to keep it…
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Is it wise to go on 10yr fixed rate
My brother and his girlfriend's 2 year fixed rate is up in July. They bought at the peak, however as they had a large deposit, at least they won't be in negative equity (probably looking at around 75% LTV). They are both 25 and will be looking in the next 3-4 years at wedding/family, etc... they have got a family home and…
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remortgaging multiples for benefits?
İ have a private pension for life time , and claim incapacity benefit and disability benefit on a long term basis and i am thinking whether i can still get any sort of multiples for a new mortgage deal? My ltv is 32 and to get my 'desired' mortgage i would need about 3.5 my benefit and pension combined -i have savings but…
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What is the difference between an AIP and full agreement critiera?
What is the difference between an AIP in fully agreed in terms of the criteria that is looked at? I know some do a soft search but do those that do a full credit search do they look at a persons bank account activity at the AIP stage? I assume normally they wouldn't but if its your own bank would they look at it at this…
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Offset Mortgate (fee free or not)
Hello, I know a sticky thread exists for offset mortgage but I thought I would post a new message (maybe an offset sub-group should be created ;) My current Mortgage is around 80,000 house is worth 250,000 (maybe 300,000 when we have finished the renovations) I pay around 400PM I have debts of around 27,000 (This was a…
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First time buyer with credt card
My partner and I have ben saving for about a year. I am employed full time and earn about £27.5K. My partner is a nursing student but also works part time where she is guaranteed a job at the end of her degre in 18 months. I clear about 1450 per month and she is, at the minute bringing about 900 per month. I have a credit…
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Are there other ways out of fixed rate deals?
Hi. I'm currently with Nationwide (previously Portman) for my mortgage on a 5-year fixed rate from Jan 2007 and am looking to move home, with the deal porting with me. I've agreed extra borrowing and am planning on getting a 2-year fix so that my two mortgages with them coincide once again in early 2012 to allow me to shop…
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For any mortgage brokers on the forum.
Hi, My wife and I are first time buyers, we have deposit and excellent credit, we are looking to borrow 85% on a 130k flat. So far, I am not impressed by the products offered by two high street banks and a mortgage advisor round the corner! I welcome any brokers who look at this forum who can beat: 4 year fixed interest…
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Anyone had success claiming missold Endownment from Barclays?
Hi, has anyone here had any success in claiming a missold endownment policy from Barclays? My parents never received the letters informing them that their endownment policy wasn't doing well until, apparently, their third letter. As soon as my mum read this she wrote to Barclays to complain that they were missold the…
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A Seemingly simple problem?
Hi, I have a Simple problem but really not sure where to start. My Ex and I still jointly own a house which is on the market (200k) with a Mortgage of 185k. We struggled to get a Mortgage with high street lenders dueto a below ave credit score no CCJ's but a few late payments etc. The house is on the marketat the mo and…
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How to over pay?
I have just bought an house, my wages are paid into the Abbey but my mortgage is with Nationwide, so how can I over pay on my mortgage? I haven't made any mortgage payments yet.
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Lowest tracker rate for LTV 65%
Hi, What is currently the lowest tracker rate for a LTV of 65%? I have found First Direct: BBR + 1.89% so far (also offset, can pay interest only etc). I am looking for the tracker with the lowest percentage on top of the BBR, as I am expecting, like most people, for the BBR to increase in the next few years. Anything…
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get a mortgage or a loan
i want to buy a house. It's my first time and I want to know if it would be better to get a loan or a mortgage, or if there even is a difference. I have about 40,000 deposit and earn 30k a year. I am looking at houses around 100k - so I would be looking around 60k for loan/mortgage Any help would be greatly appreciated
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Re-mortgage advice please
Bought house for £114k, 4 years ago, current outstanding mortgage is £97k. I have a loan secured on the property of £4.5k as well I would like to remortgage before rates go up, I just don't know where to start. We have had double glazing fitted throughout the house, had a lot of plastering done, landscaped the back garden…
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Can't afford my mortgage anylonger
Hi there I need some advice. Myself & partner can no longer afford our Nationwide mortgage. We bought our house at the peak of the market (early 2008). I had a better paid job then but unfortunately our new income just doesnt cover our repayment. We have a 5 year fixed rate at 5.63% and our house has lost its value quite…
