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Coming off an SVR - Stupid Question Time
Hi all, This is probably going to be a silly question to all those who know (prob some that don’t too!) but when your fixed rate deal ends and you drop onto the lenders SVR do you have to give any sort of notice period before you can arrange to go onto another deal (fixed again for example) or can you simply move when it…
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Remortgage with a DMP running
I was just wondering if anyone out there has managed to get a mortgage with having a DMP running. We want to move, and have a mortgage already, but want to sell up, pay our debts with the money we get from the house, and move to a cheaper area debt free...
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What to do with Endowment?
Hi All Like a lot of people the Endowment policy we took out will come up short when it matures. It was originally for £32,000 and since then we have moved £12,000 extra on to the repayment side of the mortgage to cover some of the shortfall. My question is this since it was taken out in 1991 and has only 6 years left to…
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Best 5yr fixed rates? any advice
Hi We are looking on moving house so I am trying to source a good 5yr fixed rate deal. We would have around a 20 - 25% deposit. Many Thanks
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endowment misselling
hi i was wondering if somebody could help me!! we had a endowment that paid out about two years ago that we believe we were missold. we complained at the time and the company agreed we were missold but as we had upped our mortgage payments ourselves the company refused to pay any compesation!!!!.saying there wouldnt be a…
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Common Tentancy & Probate
Hi My mother passed away 18 months ago and I had to apply for probate to deal with her estate. I found out that the morgage she and her partner had was a common tentancy mortgage and as she made no will was passed to myself and my brother. since then her ex-partner has fallen behind in mortgage payments and house is now…
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Starting my cemaps. any advice pls?
I worked in a bank branch as a seller for 18 months and due to the risk of redundancy in that particular bank I moved to a different bank where I have been for 6 months, again working in branch as a seller. I really want to move on so have decided to take matters into my own hands and register for the cemaps myself via the…
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Buy to Let Equity Release on Main Home
I have a mortgage of about £35k on my main home which is worth around £300k. I want to release some equity to use as deposits on buy to lets and finance the buy to lets via their own mortgages. Is this possible? If so can anyone give me some pointers on the best way to go about this? Thanks Andy
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House buying dilema . . . . HELP !
Hi All Just wanted to pick the collective OcUK brains ! About to possibly make the biggest purchase of my life ! About 4 weeks ago we saw a fantastic house in watford, nascot wood to be precise. The asking price was £975k, and we offered 975k - we have missed out on a few houses recently, and thought at this point that the…
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fixed rate coming to an end , and only offer is sv rate ???
Fixed rate mortgage deal coming to an end in sept.and have only been offered a standard SV Rate? we have a fixed rate of 6.9 which is coming to a end in sept, we phoned up today for a new deal and have been told we can only be offer a standard varaible rate of 4.2 We used to have 15% equity but have been told it has…
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Two Mortgage Applications?
Hi, I currently have an application (first time buyer) progressing with Kensington, apparently they are at the final stages of application before offer, and have asked for some clairty to a few points. The information has gone back to them, and i am now waiting for the offer (i hope). I have seen lots of positive news…
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Mortgage Overpayment vs. Saving in High Interest Account
Hi guys, I've been struggling to get my head around this for a few weeks, despite being mathematically minded :huh: About 12months ago we finished our Fixed Rate mortgage with First Active, and dropped from a fixed rate of 5.8% (was 100% LTV), down to their variable rate of 1.6% (1.1% above base-rate). Which meant our…
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Interest only - are we mad?
Hi, any advice from the financially savvy is very welcome… My girlfriend and I want to buy a bigger house, but we can’t afford it, if it is a repayment mortgage. Should we opt for an interest only or should we stay put? These are the figures; We currently live in a nice, but small, 3 bedroom house in a good area. The…
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equity release
I dont fully understand this product. I have 48k debts and my mother is sitting on a 140k house. Would it be worthwhile making use of this equity (no mtg/sec loans) in the property to pay of my debts. Obviously my mun would have to agree. How would it work etc. Can anybody give me an Idea of how much it cost me? I suppose…
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New deal and pay ERC now or wait??
Hi. We are looking at getting 10k additional borrowing to do some home improvements. We are currently on a 4.99 fixed until June 2011, with an ERC of nearly £1000. Once our fixed is finished we will pay 1.1 over BofE Base rate-so currently would be 1.6% if we weren't fixed. Our lender will let us have the additional at a…
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MSE News: Mortgages hikes after Yorkshire/Clydesdale Bank glitch
This is the discussion thread for the following MSE News Story: "Some 18,000 homeowners who were undercharged will be asked to make up the shortfall, though you have a right to complain ..." Read the full story: Mortgages hikes after Yorkshire/Clydesdale Bank glitch
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Joint Mortgage Relationship breakdown
Around six years ago i split from a long term partner and bought a new property solely in my name, i paid the deposit and the mortgage was given on my credit. I lived there for two years with my daughter before i met my new girlfriend after a short period of time and i remortgaged and my current girlfriend was added onto…
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NR Together customer - lack of options
We've been with Northern Rock for 6.5 years and because we took a together mortgage we were automatically designated to the 'bad bank' when they split. I feel really unhappy with the lack of options for remortgaging now, we're out of our fixed term period and have been for some time and while its great that the interest…
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Deposit amount hous purchase NO Mortgage
I hope someone can help. Our offer on a house purchase has just been accepted, it will be our 2nd home that will be for our own use. This is a Buy only purchase as we are not selling our main home. What is the normal % deposit that we would be required to pay? Also at what stage would the deposit be required? Thanks in…
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Problem with ex on mortgage - what to do next?
Hi I am looking for some advice as I don’t really know what to do or where I stand. I apologise now for this being so long winded. I have a mortgage with my ex partner, who moved out in 2007. He obviously stopped paying his half of the mortgage when he moved out. I have kept the payments up ever since. I was advised to get…
