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First Direct offset mortgage offer
Hi I'm currently on a FD 3.69 SVR offset mortgage which I've had for the past four years. They rang me yesterday to highlight new offers on offset mortgages and have offered me a tracker rate of 2.09 over base rate (so 2.59 currently) for the remaining life of the mortgage with a discounted arrangement fee of £199 and no…
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Interest after Death
Hi all, not sure where to put this so I'd be grateful if a mod could make sure it's in the most appropriate place. My mother died recently and I'm in the process of sorting everything financial out. I contacted her banks where she was in credit and the first thing that they said was that her accounts would no longer earn…
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Affordability
Anyone any idea how banks work their affordability calculations?? We really need to move for health reasons. We have found a suitable place that is not yet for sale but will be soon. Mortgage required will be somewhere between 67-81k with an ltv of between 75 and 90% depending on value of current home/sale price of new…
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Impossible to get a mortgage in our position?
Hi all, Me and my partner are desperate to buy our first home together but we are in a really bad position. Our credit rating is poor due to bad debt built up when I was a student and my partner was made redundant, we have no deposit and to top that we are both agency workers. We earn really good money now but with all the…
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Re Mortgaging or a Loan
Hi all I want to lay my hands on 10 grand to pay for home improvements (replace a conservatory). I thiought i might remortgage, my current Mortgage is a HSBC variable rate that is set at 1% above the base rate. so currently my mortgage is 1.5%. I called HSBC if i remortgaged for a similar mortgage they want 3.5% (approx)…
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Overpaying
Hi Would my bank be able to advise me on how much we can overpay and how much that would save us on interest payments ? Cant help thinking - why would they as its not in their best interest but I am far too dumb to work such things out . Cheers :)
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A&L SVR Mortgage Customer
Hi All, I came out of an A&L fixed rate repayment mortgage deal at the bottom of the market which although was sort of good news for me at the time (my first SVR monthly repayment endedup being about £30 cheaper) I'm now in a position where I don't think I have enough equity in the house (going off the Nationwide house…
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new mortgage including inc. development costs?
Hey, I'm looking for advice. We are considering buying a new home but the building needs an extension, new kitchen and new windows to make it habitable. Is is possible to get a new mortgage that will cover these costs as clearly the house value will be lower on purchase than it will be worth when the work is done. Any…
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First time buyers mortgage - Help please
Me and my husband have decided to buy our first house together. We already have seen mortgage advisor and found a house. Today we are seeing sellers and giving them our details. Our mortgage advisor is not very helpfull because he is trying to give us tracker mortgage and we are a bit worried that this is not very good…
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Has my sister been badly advised by Barclays and her solicitor?
My sister and her husband have recently completed on a shared ownership flat. Her mortgage offer was from Woolwich and one of the conditions mentioned on the offer was that they both needed to pay off their £22k worth of debt 30 days after completion. Its been a week but there is no way they can do this. In fact when they…
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What mortgage?
Does anyone know what type of mortgage is required for developing i.e. buying a property to do up and sell? Many thanks
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Advice needed. first time buyer...mortgage app...next steps
Ok so offer accepted to purchase first property. I applied for my first Mortgage over the phone to NatWest. and I submitted all my supporting documentation (statements, payslips, passport etc) to my local branch today. What are the next steps? they said they would only get in touch if they needed more info. Do i just keep…
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Any views sought on ING Direct as a mortgage provider?
I am a first time buyer and recently had an offer accepted on a property . I have been looking into my options in terms of mortgage financing and have noticed that ING Direct offer some pretty attractive rates for my circumstances i.e. 75% loan to value and looking at 2 year fixed rate products has anyone got any feedback…
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Reference from employee
Apparently our mortgage company have written to our employees for a reference. What exactly are they asking for? I'm not bothered just wondered.
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Mortage advice - 2 year or 5 year fixed deals
Hi I would like a few opinions on what you would do regarding mortgages in the present market. Here is our situation. We are looking at our first house for £146,000 and we can put 15% deposit down on this. We qualify for a few deals at the moment. We are questioning whether to go for a 2year fixed rate deal such as the C&G…
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Help! Advice needed - please
I'm new to this but could really do with some advice. My partner and I are hoping to buy our first home together. He currently owns his own property and has recently accepted a really good offer on it. Unfortunately, due to ill-health, no job etc, my partner missed a couple of mortgage payments. The arrears have now been…
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Moving from Accord to another similiar sub prime
Hi, We have just come out of the penalty clause with Accord and due to the rise in monthly repayments we are trying to see if there is another provider that we could contact. We have no arrears but Accord say we were a few days late on a couple of occasions - despite being told we can make payment up to 10 days after the…
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further borrowing
Hi just after some advice please guys. We are just into our 2nd year of our current mortgage deal. We got one of the last 100% mortgages and have been on a tracker for 2 years so we have had it easy. At the time we bought the property it was a bit of an quick move due to a job opportunity hence the 100% mortgage. We have…
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Help Needed Very Urgently
My brother and I took on a £57000 mortgage in 1987 on the family home to assist with much needed renovations. Not knowing any better we took out endownment mortgage and split it in half. We were advised to take out the mortgage as our parents could not raise the funds due to their age. My brother has sadly passed away in…
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Buy-To-Let Mortage Providers and mortaging a property when living abroad
Hi, I own an apartment in the UK and am looking to move abroad and let it out. 1) Is there anywhere a list of lenders who do loans for let property? It's just I've rung the main ones and they won't make me an offer (they don't do that kind of mortgage, its not any other issue like equity) 2) I want to move abroad - but…
