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Change from Int only to repayment over phone
I enquired by telephone about changing from interest only to repayment. Nothing came in writing, so had to phone up a couple more times. Next thing I know, my mortgage payment for end April has gone up £1000, and a letter arrives, stating the new amount. I didn't get a quotation, or confirm in writing that this is what I…
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Terrible News - I feel sick
Hi All:( My broker just called me to tell me that my application had been referred to "Halifax Head Office" and was immidiately declined. No reason......nothing. Why do these stupid banks do this - why give me an AIP when they can just make an immidiate decssion to say NO just 1 day later. My dream house is gone, my wife…
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Can the bank actually do this?
Hi all, really annoyed here, we purchased 2 overseas properties (cyprus) through a an investment company, we have paid 20% for each property with 80% to be mortgaged. The apartments are ready and handover is soon. I have just been told that the mortgage company/Bank (Alpha bank) can only give us 60% on one of the…
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what next??
My husband i are currently wanting to put our house up for sale and are at the process of mortgage applying. I have 3 defaults on my credit report so a mortgage for me has been advised as a no go as there are now no bad credit mortgages out there. I am more than willing to have my husband have the mortgage in his name and…
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Rescinded mortgage - my rights
Hi I have recently had a mortgage offer rescinded after the bank changed their minds regarding the nature of my deposit (I was buying a flat with a family friend who was putting 50% of the money down in cash and we were doing a deed of trust as he wasn't on the mortgage application). They had already issued a firm offer to…
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Bank notifying us of underpayments
Hi there, we have just received a letter this week from our mortgage and bank account provider the Clydesdale Bank. We are the lucky ones, before the interests crashed, decided on an offset tracker mortgage and now pay 1.5% which is terrific! no complaints there! :T However, our letter stated that they have done a mortgage…
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Opinions please, which one
For various reasons we want to stick with our bank, not look for other deals. We're umming and ahhing about the potential of future interest rates, where up is the only way, but the question is how long. Fixed rate 2 ys: 4.09% 3 ys: 4.59% 4 ys: 5.49% Tracker is 2.64% above base. which one would you choose. The difference…
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Santander - you couldn't make it up...
Thought I'd share this tale with you - I'm remortgaging with First Direct, all going smoothly until I'm told that my previous mortgage company, Abbey National, still has a charge on the property registered with Land Registry. This despite my mortgage being paid off two years ago... As FD won't lend until that charge is…
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Message for Herbiesjp - FTB Mortgage
Hi Herbiesjp, I wondered if you would be able to help me following on from my earlier post (link attached…. https://forums.moneysavingexpert.com/discussion/2456097 ). Would you able to offer any advice on the following – thanks in advance Joint income is £55k and we have a £17k deposit, however we haven’t seen an advisor…
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Deals keep changing - help!
Please be kind to me, it's my first foray into the world of internet forums and it's 2am... Buying with my partner: 370K flat in London; 65% LTV ; First time buyers. Have been using an IFA for pensions, ISAs etc who seems smart, non-pushy and fairly on it. We both work in a job that has no easy phone or internet access 9-5…
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Am I almost there
Hi all my mortgage application has been somewhat of a stress for me but I have got to the point below and wondered in your opionions whether this is job done now or if there is anything else that could go wrong (apart from the survey I know) - halifax credit scored me as a B rating - they just want 3 months payslips - I…
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intrest on morgages
can you tell me how much of the dept you would pay off in the first second and third years on a repayment morgage for £295000.00 at 3.99% this would be a fixed rate for 3 years. this would be of great intrest to us to help us choose our next morgage many thanks john
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Oh no!
Just realised that my salary stated on my mortgage app with the Halifax is £30 out! £30 too high.... Payslips have been sent! Is that going to be a problem do you think?
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northern rock chaos
Am hoping someone might be able to give me some advice. I split up with my partner last june,we had a house in joint names with northern rock,i spoke to northen rock to let them know i had left the property and that my ex would be still living there,i was informed that the morgage was in arrears,i paid the bills and my…
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Endowment mortgage?
Right I know it is a dirty word these days but we are looking at ways to bring our monthly payments down if we buy a much bigger property on less wages. Our current mortgage it a tracker at 1% above base rate. To keep that we have to stay with our current mortgage lender and then take out a top up bit of mortgage on a new…
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Fkexible mortgage after 65?
Dear all, My flexible mortgage is coming to an end when I am 65. Does any one think the building society (bank) can extend this to another 5-10 years? The account is almost fully paid now, the mortgage is only for 35k. Property is worth about 400k or more. thanks in anticipation, seb
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Mortgage in Principle
As title, We are still waiting for a buyer for our flat, and are getting a bit twitchy about rates & stuff, we have a house we want, if we apply for a mortgage in principle, does that mortgage stay frozen for us until we move? Or is it just a case of, yes, we can give you that mortgage, but it can change at any time in…
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Fixed or Tracker
Hi All - bit of advice (again!!) please. My broker has advised that I stick with a tracker mortgage for two years as the fixed rate is 1.65% more. With the Bank of England changing interest rates 0.25% at a time, that would mean that they would have to increase rates 7 times within 8 chances. Am I right with this or not?
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help with deed of postponement
I really need some advice will try and keep this short. So we are trying to take some extra money on our property to do renovation work. A few years ago we took a secured loan out on the property now that company (black horse) are refusing to release the deed of postponement. First they tell the bank that they want proof…
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Interest only to boost short term finances
Hi There I am new to this site so forgive me if this thread is in the wrong location etc etc, but I have a problem I am 26, married for two years, own a 3 bed semi, mortgage of 95k. Also own a flat in Edinburgh which is now rented (most of the time), with a mortgage of 123k. to secure the house i also put 2k on a credit…
