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Question for mortgage advisors - how long to process mortgage redemption?
Hi all - I am wondering whether my expectations are too high as regards the length of time to move my mortgage from one provider to another - I thought it could all be done on the same day? My scenario was that my current tracker deal with the Coop finished on 31 March. I am moving the mortgage to First Direct and after…
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First time looking at shared ownership
I am looking for some advice and some help. Myself and my girlfriend are first time buyers, and we have found a house we both like, it is valued at £71,000 for a 50% share the other half being owned by a company called places for people. I have been to my bank the Natwest and they wont deal with morgages on shared…
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Help with understanding first mortgage statement
Hi, I am completely new to having a mortgage and I have received the first mortgage statement. I have my mortgage statement then I have a statement for mortgage sub-account 99. I believe this relates to a small fee of £35.21 that was part of taking out the mortgage. My balance on this is currently £34.96 and it will cost…
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Fixed Rate coming to an end and a bit confused
Hello MSE's! We have a 5 year fixed rate deal set at 5.29% which comes to an end in July. I am a bit confused about our next steps so wonder if I could pose some questions to see if anyone could advise! 1 - When the current deal ends, we will move onto SVR. This is a fair whck lower at 4.25% from memory so that would save…
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Woolwich Mortgage Current Account
I have been given a mortgage current account from Barclays following a mortgage offer from Woolwich. I never asked for it but they say I get one any way. However, I am not obligated to use it. I also bank with Barclays and have a current account with them with an overdraft limit of £4000 (Im not overdrawn currently but…
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Mortgage App - Bank Statement Info
Hi, My mortgage application with the Halifax is going through and I have just submitted 3 months bank statements. I have now realised that there are payments on there to my friend's credit card (he booked a holiday and I was paying my part over a few months direct) and also payments to a debt collection agency for my…
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Endowment Compensation Win......what if...
I recently won over £4,400 from Scottish Widows in mis-selling me a policy in 1991. This was down to help from an advisory company on the 'no win no fee' basis. They have requested a payment of £1840 from me. Does anyone know what the likely outcome would be if i refuse to pay this or has anybody else refused to pay ?…
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Really really need help/advice
As the title suggests I really need some help. Myself and my partner are currently selling our flat and buying a house, however it has come to the point that if we DONT exchange and complete by the 15th of the month we will lose the place we are buying and all the money that goes with it and we have no money left to find…
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Please Sir can I have some more?
[FONT="]First time post, please help us [FONT="]:)[/FONT][/FONT][FONT="] My fiancee and I buying a house for 103.500 we have been offered a fixed rate at 5.84 (4 years) to borrow 86,400 the deposit is for 17,100 the morgage is for 34 years , repay £491 per month with Abbey plc. Please please can anyone help us…
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Advice re paying off Interest only secured loan ??
Hi We have a mortgage with NRock made up as follows; 90k interest only = 22 years left 90k repayment as above 10,400 secured interest only loan payable 2 years 4 months. House worth 215K Do I take out credit union loan now (10% apr ) and pay off interest only secured loan (10,400) over 7.5 years costing us an extra £86 net…
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Mortgage offer
Good morning! Already posted this in housebuying, but might be better asked on here. We in the process of buying of a house, and the broker at bank we applying for a mortgage with, informed me the mortgage offer was approved on Tuesday. This is where im confused because the vendor's EA told me yesterday that the surveyor…
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Broker deals/ own deals????
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Increasing mortgage but saving overall, am I right...
Hi, Apologies for the lengthy post but I just want to make sure I provide all details... We moved in Oct-08, our existing balance was £59k, 5 year fixed rate rate 5.98%, we had to increase the term to 30 years. A further amount was borrowed, £47k, 10 year fixed rate 6.19%, 30 year term. Current monthly payments are £644.…
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Endowment - Friends Provident
i have a FD endowment which is due to mature in 2.5 years time, we have already received £6000 compensation towards the expected £18000 shortfall. Looking through some old papers i have found the bonus notice from 1997. On the reverse is 'Mortgage News', and various statements are written. The one i think is most important…
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Last endowment premium
My endowment matures in May, so I guess my final premium is the one paid in April. Is that correct?
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Costantly in overdraft, how will it affect my mortgage application
The C0-op have asked to see my husbands 6 mth bank statements as he is self employed. Although he hasnt incurred any fees or gone over his overdraft limit, he has been stuck in it for last 4 months due to me being on maternity pay. Has anyone been rejected a mortgage with any lender for this in the past??
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FTB anyone know of a better deal please!?
First time post, please help us :o My fiancee and I buying a house for 103.500 we have been offered a fixed rate at 5.84 (4 years) to borrow 86,400 the deposit is for 17,100 the morgage is for 34 years , with Abbey plc. Please please can anyone help us find a better deal? Thankyou
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Mortgage nightmare
Any advice? My sister and her husband are paying a very high mortgage which due to serious illness and therfor drop in income they are now sruggling to find. They will have to pay a ridiculous ( :mad:!! ) amount of money if they want to reduce the amount of money they pay monthly. Is there any way this can be avoided? Any…
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Time To Fix
I know there is never a right time but just after some advice really, been sat on the c&g variable rate for a while now, it came perfect timing for us as wife went on maternity leave so we were a little more comfortable then we anticipated, unfortunately during this time we wern't able to overpay. Anyway I was looking…
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Fixed or tracker?
me and my husband are first time buyers and we have already found the house we want to buy. at the moment we are going through the dilema if we go for tracker or fixed mortgage and how long for? our mortgage broker advised to go for tracker 2 years but we are not sure as we are scared that the rates will go sky high…
