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Mortgages & endowments

Archives for December 2010

Using credit card to assist with house deposit
Evening all. First time poster, so please go easy on me! ;) I've decided that I want 2011 to be the year that I knuckle down and save for a house deposit and maybe buy in early 2012. I would be a first time buyer and am currently a 28 year old single male graduate, who is currently renting a room in a shared house. A brief…
Need advice regarding mortgage security
Hi new to this and hope I've found the correct place. Can anyone answer a qeurie for me is poss. Me and my brother inherit a house when my gran dies or moves. She has life rent on property and then I will have my half of sale. Hopefully this makes sense.My question is Is there any company who would overlook my average…
mortgage for over 90!
Hi, I jointly own our home with my mother. I am 60, mum is 90. We are both widows. Our joint income from state and private pensions plus attendance allowance for mum is almost £2000 a month. When I put my income alone into mortgage calculators it says I can borrow £50,000. We need this money to improve the house and make…
Building extension and mortgage lender
I'm having a single floor extension built onto the back of my house, it is a conservatory type, no change to structural walls of house. Do I need to tell my mortgage lender? If so is it likely to change to mortgage terms (I'm very happy with the mortgage and do not want to change it, there is no way I would get as good a…
FTB Mortgage after previous bad credit?
Hi, I was wondering if anyone knew of any companies who consider applicants with previous bad credit. All of my debts are settled now, and I havent missed a payment for 5 years, but I do have defaults on my file from November 2005, so they won't drop off till November 2011. thanks
Remortgage a shared ownership mortgage
Hi. Help needed pls. We purchased 40% of our flat (£75000) in 2008. We got a 100% deal with the Leeds at 7.89% fixed fir three years. The last year 2010 has been a real struggle as hubby has been in and out of work and we got into debt by 3k ish with the Leeds and around the same with the housing !!!. Our rent is…
How far in advance can you apply for a mortgage?
Given the fall in interest rates and my now much lower LTV, I am in a position whereby it would be beneficial for me to leave my current mortgage provider and pay the early repayment charge. The early repayment charge drops significantly from 1 June 2011 and therefore provided I can secure a rate at there current level, I…
Mixing fixed with tracker
New mortgage will be £180,000 on a £475,000 property. At the moment I have reserved a 5 years fixed product at 4.49% with Nationwide. Just waiting for approval. It will be £999 per month payment during the 5 year period. I like to play safe. Option 1: £999 per month My existing mortgage is £23,210. I was just thinking of…
Is my Mum right to be cynical about a Mortgage Broker
We went into town for an appointment with a Fees Free Indepenant Whole of Market Mortgage Advisor. As our situation is very complicated, and despite having no obvious credit problems the Post Office turned us down. We decided we needed professional help! At the end of the Meeting the Advisor said she can definately get us…
Mortgage from Bank of M&D
Hi all, I bought my first house 3 years ago, after a 2 year fixed rate mortgage I'm now on a low SVR. My parents have recently inherited some money and want to effectively become my mortgage provider as they would get a better rate of interest from me than any savings account! If I forfeit my current mortgage am I likely…
Mortgage Payment Holiday
Hi all Hope you can help. Mrs B and I are thinking of taking advantage of a mortgage payment holiday that is offered as part of our mortgage with the Halifax in order to clear other debts from our Wedding earlier this year. We're coming towards the end of a fixed rate mortgage taken out in July 2006 with reversion to the…
Shared Ownership Mortgages
Hi All, My fixed term mortgage has recently ended and I'm looking into changing providers for a better fixed term deal (eventually) but I'm not sure on the LTV that is always quoted... I currently have a mortgage on 30% (70K) on the property but what LTV should I be looking at? (the property is valued at around 245K)? Can…
Remortgaging to buy a car
My boyfriend wants to remortgage his flat to fund buying a car, he is self employed and will be using dividends as well. I don't know anything about dividends and remortgaging seems a bit frightening to me as I thought most people only did this to make house improvements etc... not buy something that will depreciate like a…
MSE News: House prices edged up in 2010
This is the discussion thread for the following MSE News Story: "House prices edged higher in 2010 but are still expected to drop in the first half of next year, mortgage lender Nationwide said today ..." Read the full story: House prices edged up in 2010 A similar thread has been started in another board but that is…
Whole of market, fee-free, mortgage advisors
Do they still exist? I know there are telephone based one's around but I would like to see someone facet-to-face Been looking round the Manchester area and cant seem to find any. Are the lender commissions so bad now that they need to take a fee on top? As an aside, are mortage advisors affected by the RDR?
mortgage question, let maisonette
here's the situation: have a 102k mortgage on a 2 bed flat worth 140k. i get rent of £790 a month and the repayment mortgage is £650. which is ok as it covers the cost and i can save the £140 a month for future repairs, insurance and grund rent. did have a residential mortage with buy to let approval (for a fee), it was a…
Let to Buy help?
Hi all im considering letting my house out and remortaging to buy another house to live in. what good mortagage companies should i look at? ive googled and just getting buy to let NOT let to buy thanks in advance!
95% mortgages??
Hi, Me and my partner currently have approximately 11 thousand pounds worth of savings, the house we have seen is worth £139000. do companies still offer 95% mortgages??? i am new to all this and it is very confusing with all the fixed rates, tracker rates?? i have heard about the concessionary deposit mortgages, has…
Remortgaging and maternity leave
I was wondering if anyone could provide any advice on the following situation: I need to remortgage in the next 5 months. I currently have a mortgage of £162,000 on a property worth £340,000. My wife is on maternity leave and not due to go back to work for another 10 months. She is likely to go back part time but she can't…
Mortgage overpayment - Bank won't refund
Please accept my apologises if this post is elsewhere I recently found out that I have overpaid my mortgage by £1700 (my mortgage standing order payment was £400) and I had been informed by an operative abroad (woolwich /barclays) that I would get £1000, back on 20th December . However I recieved a letter today stating…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Mortgages & endowments

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