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Tracker v Fixed?
I need to remortgage due to breakup. My existing lender First Direct has offered me a bewildering choice. One is to stick with my existing lifetime offset tracker at 1% above base rate which is very good at the moment but how do you work out what is the best choice over time, if you can at all?
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Remortgage but how much will my house be valued at?
I'm currently paying 6% on a SVR and am looking at mortgages some have 2.5%. The problem is I don't know how much my house will be values at? What do I need to do - pay some-one to value it? I need to know bacause it will affect the LTV of a new mortgage - or could they take the price I paid for it 3-4 years ago? Or will…
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Trapped in fixed rate; port it problem?
Hi I'm trapped in an uncompetitive fixed rate mortgage until 2010 with 10K penalties, even though I've had a recent valuation that now finds me with only 30% LTV. I can't even sacrifice the 10K and consider a new mortgage lender as i am self-cert and nobody, but nobody will lend as much as I already have (196K) EVEN WITH…
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Turned down from Halifax.
We were turned down today for a mortgage from Halifax. We could'nt get past there 'blind' credit scoring system and i'm not sure what to try next?* I'm trying to buy my council house, valued at 122k * Offered to me under 'right to buy' scheme for 92k * I have a 69k deposit. * Need mortgage for 25k * Basic salary 24k (38k…
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Remortgage question - planning for near future
Hello all, First post here. I think I've got it straight in my head from reading numerous threads on here, but could do with some reassurance that I'm thinking through this the right way. Circumstances: 5-year 5.99% Northern Rock (NR) fixed deal ends JUNE 2011. Took it out as mortgage and unsecured loan. Current…
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first time buyer
hi guys just would like a bit of feedback/info from people that know what they are talking about,here is the situation....i live in the grimsby area in lincolnshire and have been renting for about 2 years (rent 500 pounds a month) with my girlfriend but now we feel we want to buy our own home. I work full time and my…
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new house.
house up for sale (just) with no mortgage but family have fallen in love with a bungalow which they are desperate to buy. And it will go soon at the price. It is priced at say £170k (The house up for sale is around £150K) Any advice, in the 'olden' days it used to be a bridging loan, # Can you get mortgages that you pay…
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First Active Mortgage > Do You Have One ?
If you have one on the 5 year base rate tracker ending around now, please reply so that I can ask the next question regarding future rates.
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remortgage with CCJ
Hi, My husband and I are currently on a 2 year fixed mortgage which ends in October. We are paying an interest rate of 8.5% and really need to get a better rate and therefore lower out monthly mortgage payment. Problem - since we took out the mortgage we have had a CCJ and it's unsatisfied as we can't afford to pay it off…
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joint mortgage applicationv
can me and my partner get a joint mortgage if one of us has a bad credit rating?? If so which are the best lenders on the market?
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Divorce, mortgage transfer help please :0)
Hello, My husband and I separated in April 2008, we had bought a house but had only made 1 mortgage payment on the property when we split and I moved out. He wanted to stay in the house rather than sell it - so we agreed he would make all future payments and a transfer would be done so the property was in his name. For the…
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Buying an auction property and self employed.
We have previously renovated our home, bought it in 2004 for £148,000 spent £70,000 together with two years of blood, sweat and tears. It’s now worth £500,000. We have an interest only mortgage with Santander, have paid a lump sum and make regular overpayments. The original mortgage value was for £115,000. We did have a…
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First Time Buyer - Mortgage - Please help!
Hi everyone :) I really hope someone can help! I am a first time buyer and looking to buy a flat (I have already seen it). I want to get a mortgage but I also have a student overdraft to pay off. I want to know if having this debt will stop me getting the mortgage I need. Please help! :(
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I want to sell but I have a short lease
I am looking to release he equity in my flat but I only have a 55 year lease which I believe means that most people will not be able to get a mortgage to buy it. What is the best thing to do in this situation? An ideal situation for me would be someone buying the flat, but renting it back to me but I am willing to move if…
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Help with mortgage
Hi new to forum and just looking for abit of advice, Currently live in a 3 bed terraced and due to currently fincancal situation we would like to downsize to a 2 bed flat to reduce costs to prevent us going further into debt. House is estimated to be worth 130K -135K and would be looking to pay 95k max for a flat. Owe 103K…
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Can we do this?
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Help!! What should I do now???
My 3 year fixed mortgage (massive chain around my neck!!) comes to its end (Hallelulja !!) next month in August. I like many others I am sure have been sick to the stomach at not benefitting from the very low interest rates over the past few years. I fixed in August 07 at 5.9% and have just heard from my mortgage company…
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Redundancy Insurance, Income Protection etc.
I was assessing my wife and my finances recently and the thought occurred: we have insured ourselves against redundancy (125% of our mortgage interest will be paid for up to 2 years if either of us are made redundant), as well as having income protection insurance and life insurance. Therefore, surely we must be a pretty…
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Natwest mortgage application and employment probationary period
As above......
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Scottish Amicable endowment - to surrender or not?
I posted some of this information on another thread but I haven't had any replies to I'm trying a new thread and coyping over some of the info. I posted. I have two SA homebuyer policies. One is for £16,500 and was taken out in August 1886 and the other is for £13,500 taken out in May 1989. The first one was over 25 years…
