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Confused about the initial interest rate
When looking at quotes for mortgages, a lot of them say for example:- Initial interest rate 2.99% and then 3.99% Can someone explain what it means, will I be paying the 2.99 for the term of the mortgage for 2 years, then it will move to 3.99?
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Moneybackmortgages.com
Anyone used these guys from https://www.moneybackmortgages.com to get their mortgage? This site is recommended by Martin but I can't find much info if people are actually using it and if it does what it says on the tin? We know which mortgage we want as we spoke to some advisors already and they can't get us better deal if…
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New RBS fixed rate - good timing??
Noticed today that RBS have a mortgage fixed @ 2.75% until 28/02/13 which has no fees or tie ins. Its offered to those needing to borrow up to 50% of property value and you get £250 cash back. Its clearly quite a good rate but is it the start of a cherry picking exercise designed to cream off safe bet customers from other…
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Endowment..cash in or keep?
I have a 25 year term Standard Life with profits, matures august 2017, £46 per month, with life cover. Its not linked to any mortgage. I need a deposit for a new house, I believe Barclays want 15% min, so Im short on the house I want. My house is neg equity, having lost 10k since I bought it. However a new build part ex…
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Would it be possible?
Cheers, nut97
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1st mortgage payment
We have been advised our mortgage (from Nationwide) has been approved and we are waiting to view the document. However, we have been advised that the first mortgage payment may be higher than expected unless we exchange/complete at a "good time of the month". So, if we want our mortgage payment to be taken from our bank…
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FTB- How Big A Morgage Can I Get?
I want to be able to get the biggest mortgage as possible, I know that sounds both difficult and irresponsible in this climate, however the bottom rung is far away I need the biggest jump to reach it! Heres my position, the properties in question I am looking at the bottom are aroound £200K, but if i find a doer upper or…
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FTB- How big a mortgage can i get ?
I want to be able to get the biggest mortgage as possible, I know that sounds both difficult and irresponsible in this climate, however the bottom rung is far away I need the biggest jump to reach it! Heres my position, the properties in question I am looking at the bottom are aroound £200K, but if i find a doer upper or…
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Am I a first time buyer & credit issues?
After recently from my husband, he is in the process of buying me out of the house we jointly own. I am trying to find a house to buy for myself, but am I classed as a first time buyer? Just curious on this point as there is not category I seem to fit into when looking on comparison sites. Also, most credit during our…
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mortgage brokers west wales
Hi does anyone know of a decent mortgage broker in the West Wales area please, I am looking for someone who can reduce my monthly repayments before next febuary when it goes up another £150:cry:
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Maturing Endowment and Mortgage Overpayments
My 25yr endowment policy with Standard Life is about to mature this month. It was originally due to cover a £23k interest only mortgage with Halifax, but I converted part of my mortgage to a standard fixed repayment mortgage with Nationwide about 6/7 years ago. The endowment now has to cover £13k (and looks like it will…
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is it worth overpaying ?
iam currently paying £260 a month on a nationwide liftime tracker at 0.94%. I could easily afford the max overpayment of £500 per month but have been saving it at 2.5% instead. When you factor in high inflation is it worth saving the extra of paying off the mortgage. We are looking to move in a couple of years and have…
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Buy to let Mortgages - which are best deals
Hi, I'm new on her so hello everyone.xx I currently have a house which is for sale in Scotland, I have relatives in it at the moment who are covering the mortgage and bills, I have moved back to England and am renting but would be better off with a mortgage. My income is 18000 a year and I have a permanent lodger who…
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Dual mortgage help required please
Hi All, About 3 years ago we moved house. When we did we took out a second mortgage with Nationwide to cover the difference between our existing mortgage and the house price. Therefore we currently have 2 mortgages, both with Nationwide. Currently we have about £101K on 1 and £364K on the other. The £101K one is in my…
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Endowment dilemma
My endowment has run for 22.5yrs and has an approx 35% shortfall. It is with AXA in a managed fund. I can take £25k now and try and make the money work harder over the next 2.5 yrs? I can't afford to make the shortfall up by extra payments or anything else so I am trying to look ahead. What would you do? Thank you
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Mortgage help needed, desperately
Hi, I will try and keep this straightforward: February 2011 I come out of a fixed rate mortgage deal with Bristol and West. I took the mortgage on myself, as at the time, I had a partner with bad credit rating, however I self certified as I had the required deposit and savings. My ex partner left me after 2 years. Since…
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Refinancing Personal Loan + New Mortgage with LIFT Scheme Scotland
Hello, Was wondering if anyone has any suggestions with the following situation: My wife and I are looking to buy our first home and have started to save for a deposit. We've only started saving recently and have just over £2k so far. We just got a surprise application for the LIFT scheme in Scotland about a week ago and…
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looking to buy a house
Hi, I am looking to move out with my wife. We have £30k in savings including student loans, we are not claiming any benefits whatsoever. At the moment my wife is not working and has not been working since she left education. She is also 6 months pregnant. I am working part time as a youth worker and getting around £760 a…
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Can't afford Solicitors
I am splitting with my partner(not married) I am leaving the house and want to take my name off the mortgage. We got a joint mortgage as he couldnt get the funding on just his wages but saying that he has always paid all of it. We are not using solicitors as all I am taking is what I paid for (furniture etc). He will still…
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Mortgage virgin please help me!
I am coming to the end of a 5 year fixed and current lender unable to offer competitive rate - I have low LTV of 37% and need 155,000 over 27 year term. Can someone point in in the direction of a decent 3 year (ideally) fixed product that does not have any charges attached. Desp trying to reduce my monthly payment of £850…
