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The surety differential
My mortgage is currently 80,000 and the house is worth 300,000 and I are re-mortgaging. I am trying to decide between : * Co-ops 5 year fix at 3.99% 1000 fee * First direct term tracker at 2.29% (+1;79) fee 100 As rates on the tracker will change over time, I will need to look at how much interest rates would need to…
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Shared ownership mortgage with adverse credit
Please can someone give me some advice. I'm looking at getting on the property market sometime hopefully in the next 18-24 months. I gathered if I don't have a deposit of about 50000 then I'll need to look for a shared ownership property. Can anyone tell me what they think the chances of getting a mortgage in about 18-24…
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Broker or direct? And Repossession Rate????
Hi all, Just two quick questions. Please don't shoot me, I know !!!!!! all about mortgages despite having had one for fourteen years. First question: Our fixed rate ran out last month and due to one thing and another we haven't yet taken out a new deal. We're on the Leeds Building Society standard rate of (I think) 5.49%.…
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Any advice...
https://forums.moneysavingexpert.com/discussion/2506797= I took some of the advice in the above thread and am going to see an independant mortgage adviser. I've agreed a price, appointed a solicitor and although I've got the outline terms of an agreement with the Halifax I am going to see what else is out there. Is there…
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Endowments
Hi, I was once told that endowments make most of their bonus in the last 6 months or just before maturity - am I correct?
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Transfer of Equity
Hi Is there anyone with any knowledge of making a transfer of Equity applic with Nationwide on an interest only mortgage? I have a letter which seems to suggest I have to reduce my overpayment reserve prior to this transfer of equity. Any ideas on what this means...they have given me a figure I need to reduce it to, I have…
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CIS performance record
Does anyone know how well CIS endowments have performed over the last few years? Is 4% or 6.5% growth likely over the next 3 years in your opinions?
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self-employed - can't find proof of income
I'm sorting out a mortgage for a house that i'm in the process of buying. My Wife is self-employed (sole trader), and so i need to provide the mortgage company with last 3 years accounts as proof of income. I've dug out 06/07 & 07/08, but i can't seem to find a copy of 08/09 accounts. I've logged into the Self-assessment…
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Quick question - moving a mortgage?
Hi, Apologies in advance if this is a stupid question:o, but are there mortgages that can be moved with you if you move home? Rather than having to apply for a new mortgage and go through the whole set up again? Thanks in advance.
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Fee free or pay fee for better rate?
We are looking at getting an offset mortgage for 75k over 20 years. With First Direct are looking at: Offset base rate tracker (65% LTV) with no fee at 2.29% + base or Offset base rate tracker (65% LTV), £999 fee at 1.99% + base With overpayments we are hoping to reduce the term to 16 years. Can anyone work out (or explain…
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early payment via further advance account
Hi, I have an idea to pay my mortgage off abit earlier,but not entirely sure if i have done the figures ok. I have approx 40k mortgage left over thge remaining 9 years, and a further advance of approx 4.5k The main mortgage is fixed at 5.44% for a remaining 2.5 years, the further advance is at 2.5 %. I applied for a pot…
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Any maths whizzes around?
I am planning ahead for my remortgage - due in June 2011. We ported the mortgage over to our new property in Feb 2010, owing £148000 paying back £1063 per month at a rate of 5.79% I think. The term was 18 years 6 months. How much approximately will I owe in June 2011? Thanks in advance!
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Selling my house and buying another
Hi all. Sorry if I sound naive but I have no idea about property!! I bought my house in October 2007, 50% shared ownership. I bought 50% for 58k (2 bed end terrace in Pudsey, Leeds). I put 4k deposit so have a mortgage for 54k At the moment I pay £115 for my mortgage (interest only as have credit card debts to pay off…
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Inherited Property, buying it and how to go about paying it off.
Just after a little advice, I've got a slight bit of confusion as to what I need to do with a property/mortgage. :o At the moment I am living in a property which I have inherited a part ownership in. The value of the property is £90,000 and I need to buy out the other owner of the property as stated in the will to the tune…
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FTB again after 20 years without a mortgage and it's all changed!
Apologies if this is one of those daft questions asked and answered a gazzillion times before - I've searched but have got lost and derailed following different threads. Our situation is that my husband is due to leave the forces after 20 years service our entire service life has been spent in married quarters so we'll be…
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Getting out of a fixed rate onto variable rate
Hello, I'm two years into a five year fixed rate mortgage with the Halifax. The interest rate is 6.1% and is starting to hurt as my business isn't doing too well at the moment with all the doom and gloom in the economy. The early repayment fee is something silly, like £8000. Is it at all possible to add this to my loan…
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The Mortgage Works - redemption figures
We have a large amount of borrowing with The Mortgage Works over approx 25 properties. We recently agreed to sell one of these properties and requested a redemption figure from TMW. The amount they requested was over double the open market value of the property!! When queried they said that they need to keep the ltv at…
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Nationwide - interest rate hike - BTL
cannot find other thread but thought i would start a new one. I know if was mentioned on the other thread that if you reapply for consent to let again before September 2010 you would be exempt fron 1.5% interest rate so i called and was told that was NOT the case! she said it goes on when you first even let the property…
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Mortgage problem, pls help
Hi, a bit complicated, but here we go, I have a joint mortgage with my partner (Northern Rock). I came into a bit of luck and now own another house. We want to sell the house with the mortgage but it is worth about £8k less than we owe on it and will have £4k early exit fees plus any other money (estate agent, conveyancer…
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Problem with default
Hi all We are FTB with 15% deposit. My OH has a default from 3 years ago on a student account which has been settled but obviously still shows. We have just been turned down for our 2nd mortgage. Is there anythinng we can do? We need a mortgage, are there any companies out there who will consider us? Thanks in advance A…
