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Dilemma regarding remortgagaing - several options
Hello We currently have a fixed rate mortgage with 3 years left to run and a hefty (2%) ERF - the rate is 4.99% and we have a large mortgage so a lower rate could save us a £100+/ month. The options for remortagaing (with our current provider) are a tracker rate of 3.29% saving us £125/ month (allowing us to add the fees…
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mortgage advice needed for complicated income
My husband and I are currently in rent and would like to buy a place of our own. We have 30k to use as a deposit. We both work, I work roughly 16 hrs a week on minimum wage, my job is just seasonal though and will end in Oct. My husband is on a 10 hr contract at £6.15 per hr, though he works 16+ hrs he has done this job…
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Second morgage
I am looking for a second morgage for a buy to let flat,, Is that true that the loan I have on the first morgage plus what I want to borrow for the second one shouldn't be more than 3.5 times my annual income? With a good renting potential, can I borrow more than that without a ridiculous interest rate?
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How much mortgage left in 15 years?
Hi, I'm new to the forum. I would like to be able to calculate how much mortgage I would have left to pay in 15 years? Can anyone help? I know it would be approximate because of interest rate changes... Thank you.
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Possible undercharging on mortgage - Pay back required?
HI, I have a mortgage and due to temporary relocation to another country I have let out my property. This was done with consent to let and an additional 0.5% on my tracker mortgage. Based on the knowledge that on my return I will re inhabit the property. The 0.5% was applied at the begining of consent. I now need a…
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100% mortgages..do they exist?
So we all know first time buyers have it hard when it comes to mortgages, but what i want some advise on is a 100% mortagages?? My self and partner are in our 20's and expecting our first baby, we are currently living with parents and have no debt between us, but both of us have had loans which have been repaid. My partner…
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Buy to Let but not letting out
Looking for some advice Basically ive split with the oh and the house cannot be sold as 50% of the street is up for sale and the house is valued at 200k and we owe 198k as remortgaged few yrs back. OH wants to keep on house until market picks up, equity increases but Nationwide wont let him be sole occupier on mortgage. We…
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New ReMortgage 60k on 180k house
Hi All, I've just finished my discounted mortgage of 3.89 with The Nottingham they have offered me a remortgage to 60k at 3.99 a discounted rate on their variable. I'll be able to make as many over payments as I like and finish when ever and not tied in. Which is important to me. There is a fee of 199GBP to sign up. This…
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Porting with GMAC Help Needed
Good day all, I am looking into the possibility of moving house, I currently have a mortgage with GMAC with a balance of £84,000 My property is due to be marketed at its valuation of £124,950 I am hoping to sell for around £122,000 Leaving me with £38,000 minus fees I am looking to buy a property in the region of £100,000…
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Aviva (ex Sun Alliance) final bonus
Hi, I have a endowment with Aviva (ex Sun Alliance) that is due to mature in December and wondered if anybody out there has just had a policy mature and what final bonus they received. I was thinking of surrendering the policy before its maturity date, as we might need the cash a little earlier than December. The policy…
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mortgage offer- valid for how long?
Hi, I've just completed an online application for a Halifax fixed rate mortgage renewal, when I'm offered it how long will the offer be valid for? can I play for time and stay on the SRV for a few months with the offer fixed? Cheers for any replies, Jon
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Seeking compensation for bank losing mortgage instalment.
Barclays/Woolwich lost our December mortgage instalment. It was paid in by cheque at one of their branches and cleared through our account. They denied receipt and asked us to prove the funds were transferred from their branch to their mortgage collection centre. We supplied the stamped paying in counterfoil as proof. The…
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Best way to be chain free / BTL option?
Hi,I have found a house we really want to offer on (price circa 150K). However I want to avoid being in a chain situation. i.e I want to proceed with the purchase of the new house while putting up my house for sale but I want to buy the new house irrespective of whether my current property has sold.What is the best method…
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Mortgage Higher than selling price?
Hi We are currently looking at buying a property which needs some work doing to it. It is up for £54,950 but were looking at getting a mortgage of £70,000 in order to complete the renovations. We already have a mortgage approved with Nationwide of up to £93,000 but I am not sure of how this would work with mortgages that…
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do i have to sell my house first?
My partner and I have decided to buy a house together. We both own our own homes and have mortgageS on them (my mortgage is less than 1 year old). My property is rented out at the moment. So, how do we go about joining together. Will a mortgage lender lend us anything together if i still rent out or will i have to sell my…
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1st Nationwide Mortgage Payment
We completed on our property on 1st April and took out our mortgage with Nationwide. Our first mortgage payment came out on the 23rd April which was fine as that when we get paid, but a second payment came out on 3rd May! Does anybody know if this is normal? Obviosuly we are seriously in our overdraft now as we weren't…
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mortgage advice pleeese
hi, my fixed rate runs out next month and would like some advice please. my mortgage is £56000 with northen rock and would like to know the best deal i can get, not very good at all this so any help would be great. thanks.
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Change of parties on a mortgage
I really need some advice! My g/f moved in with her friend 2 years ago and they took out a joint mortgage. 6 months in, her friend moved out, stopping any mortgage contributions and assistance in paying bills. 2 years down the line and her friends wants to come off the mortgage as she says he is about to go bankrupt. This…
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1st Mortgage Payment
Hey guys, Quick question. and i know every bank will be different , but typically, how long after your date of entry does your first mortgage payment come off? Moving in May 28th so just wanting to get a rough idea of how long after ill need to pay first payment . Rgds Scott
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Terminal Bonus rates
Can anyone help point me in the direction of a good place on the internet to find a comparison of terminal bonus rates for the major insurance companies? I've a Clerical Medical endowment maturing in a couple of years and I'm wondering what the terminal bonuses are like? I have a shortfall of £20,000.
