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What exactly is a packager?
Ok I have become slightly confused. I have a broker, now a packager and a lender. All the docs went to the packager and now they go to the lender.... Why dont they just go to the lender? What is the role of the Packager? Im confused as to who makes the final decision? Thanks
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Why won't the banks lend to me?
I'm struggling to get any confirmed mortgage offers from the high street banks as I'm a contractor :A (i.e. self employed). That doesn't mean "cash in hand" or "off the books" work, everything goes through the accountant and therefore HMRC (boo-hiss). So it should be straightforward? Apparently not. :mad: I need to borrow…
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Fixed rates - are they coming down
Hello MSE friends Last month I asked for some info that might help me choose between a fixed rate and a capped tracker (and had very helpful replies, thanks). In the meantime, I've noticed that some fixed rates have come down a little (The Post Office for example). (I'm looking at 5 year fixed rates ideally) This,…
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Re-Mortgage or not to Re-Mortgage
My current deal is up and the BoE BR is 0.5% therefore the currently SVR with Nationwide will be 2.5% looks good. However is it worth going with this or protecting my bases and get a fixed NOW i.e how long are most people going with a variable !!!:D
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Leasehold extension - solicitors mistakes
Served notice via my solicitor over two months ago and the notice period expired so my offer should have been accepted as uncontested. Now the other side's solicitors are saying that the original notice was invalid because they were not instructed by the landlord to acccept it and we need to re-serve. However their name…
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Advice required on Bank Incorrectly Calculating Mortgage Repayments please.
Just after a bit of advice please really. Received a letter from the Clydesdale Bank this morning stating that "We recently undertook a review of your mortgage that has revealed an innacuary in the way your repayments were calculated. The effect of this, when combined with last years unprecedented rapid reduction in…
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Re-mortgage Advice
Hi Guys, I'm due to finish my 3 year fixed term in 4 weeks, currently with MAS5. I'd ideally like to get on another fixed term ASAP. The only thing is, I took the originally mortgage out with my ex, he will be removed and I want it in my own name, however I dont know if I'll get it. I've made all the mortgage payments…
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Who might give me a mortgage?
Hello, I'm a newbie to this site. Any help would be appreciated. I own a house currently valued at £650k. I bought it outright from capital last year. I have been self-employed in the professional services sector for 20 years, but have not worked since November 2007 while caring for my ill wife. I therefore have no record…
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HSBC - Life Time Tracker Special Fee Free
Hi We are interested in taking out the above mortgage. Thing is I had a loan with HSBC in 1999/2000 that ended in a dispute but no legal action was taken. Now that 10yrs have passed will I be able to get a deal with HSBC?
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Best companies that buy endowment policies?
Good morning, I am new to this site so please excuse me if this has already been asked but: I have 2 endowment policies with Aviva (formerly Norwich Union) which have9 years still to go before maturity. Last week I received Red Alert notices and the illustrations make it clear (to me anyway) that it's not worth paying…
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mortgage refusal FTB with 25% deposit
Hi, Here's my situation: 1st time buyer 25% deposit with money to spare combined income of £71K pa not inc. overtime and bonuses no adverse credit history on either of us for me: 1 credit card paid off in full each month, 1 contract mobile phone for about 10 years with same company Credit score 938 out of 999 (experian)…
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Splitting a house into two properties
Hi, I am looking for some advice or help on the mortgage and legal side of splitting my house into two. Basically I have a large detached house which has a mortgage, I am planning to split the house into two semi detached properties and sell one to pay off the conversion costs and some of the mortgage. I should be left…
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Late Payment/Default
Hi there I've posted this question in a couple of other threads now, but without response. Several people have suggested in their posts that defaults and 'late'/'missed' payments are different things. I thought there was no difference and that the latter two were simply another name for a 'defaulted payment'. So...is there…
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cheshire/nationwide
just about to move house/port mortgage i have an interest in another property which will be used as the repayment vehicle .all was well until the cheshire decided it will be classed as a new mortgage and wont accept the existing arrangement having paid for a valuation of the new property ..i have a 999 credit rating and at…
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a fee to change to another lender at the end of my term - is this right?
My financial advisor told me today that most mortgage lenders charge a fee to change to another lender at the END of the 2yr fixed rate... Ive never heard of this before.. is this common with all mortageages. thanks
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2 or five year fixed rate - which do I go for??
Hi there everyone. Used this site a lot but never posted a question on the forum before. Here's my problem.....just about to move house, sold ours and had an offer accepted on our dream house. Getting a 90% mortgage with C&G but at 6.89% fixed for 5 years. Alternatively, I could get a 2 year deal for 6.99%. 5 years sounds…
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Separation and Deeds
Hi all, hope you're all doing well. Here's my situation and I hope you can help!. I've been separated from my wife for 6 months and I want to keep the house we are both on the deeds of and have a joint mortgage. Since I still live there I have been paying the mortgage alone (which is currently fixed at 5.63%...I know I…
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Birmingham Midshires - Consent to let?
Hello I'm wondering if anyone has a mortgage with Birmingham Midshires and has checked to see if they offer consent to let. I have checked online but nothing online. We currently have a mortgage with them but are looking to move to a bigger house and would prefer to keep our current property until the prices hopefully…
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Ftb help on mortgages PLEASE
Hi we are FTB's, looking for a property at £160,000 value with a £40,000 deposit. So would be borrowing £120,000. I'm thinking for the security trying to fix at a competitive deal for 5 years and pay still pay less than our present rent so I know it is more than manageable, and at least the money isn't going to a LL it's…
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Looking for some advice....
I hope I am posting in the right place :o I'll try to explain things best as I can; Just after xmas we had to go to court as the Mortgage company wanted to re-possess our home. The judge allowed us to stay and we have to pay extra on our Mortgage to pay off the arrears. I didn't go in with dh as it was when we had the huge…
