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off set help
I have a current mortgage of £80,000 and have received a lump sum of £40,000 would it be a good idea to use this lump as an offset mortgage. Thanks for any advice
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Where do you view mortgage rates?
Hi all, Just wondering where everyone goes to see the latest and best mortgage deals? Ive used sites like moneysupermarket and lovemoney, but for some reason they only seem to show me lenders that their getting a commission from, is there anywhere I could see the whole market (im looking for the best 5 year fixed rate).…
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Mortgage Advice
I am due to come out of my fixed rate end of Jan currently @ 6.79%, it was a 2 yr fix which i took with a 10% deposit, all i could get at the time i have 112k out standing. Anyway i am thinking its best to re fix but not sure if i should go for 2 or 5 yrs? I spoke with the Bank today and i am currently at 80% LTV so can…
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First time buyer-help needed!
Hey, my boyfriend and myself are looking to buy a house which my uncle has left in his will between myself, my mum and my two older brothers. I have some savings in which i was going to put towards the deposit, however i'm unsure how to go about this as the majority of my deposit is tied up in this property. So my question…
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Post Office Mortgage
I'm getting my first mortgage with the post office, a buy to let remortgage. I spoke to them a few weeks back and they said that because I haven't had a mortgage before, they will only consider me as a second applicant. My father will need to be the first applicant and I will be the second applicant, they said, as long as…
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Small Mortgage, Stick on Variable?
Hi Our fixed rate runs out in April and we'll have around £25,000 left. I take it with arrangement fees we'd be better off just staying on our lender's variable rate? Happy New Year to one and all.
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Homestake
Hey Am currently looking for a new mortgage deal as my 2 year fixed has come to an end. Slightly more complicated in that the property was bought through Homestake - a shared equity scheme in Scotland. I know some lenders don't want anything to do with Homestake. Just wondered if anyone knew of any lenders that were happy…
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Part and part or change to full repay?
Hi I am 55 years old. I want to leave work and return to uni next September 2011. I will have a very small income if I do that. I have a house worth about £230,000 - on £70,000 interest only, and £62,000 left on repayment over 20 years. My interest rate has just gone down to 1.25% which is .75% over base rate for term.…
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Variable or fix?
After my 5 year fixed rate with the Nationwide finished in August, I went on to variable and am benefiting from low rate at moment. However, there has been a lot of suggestion that the rates will go up in 2011. Should I perhaps start looking for a good fixed now before its too late?
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Good mortgage broker near Cambridge/Peterborough?
Hello Does anyone know a good broker around Cambridge/Pboro please? I am looking to buy next year and need to know how much I can borrow. I've done a quick look at banking websites and most say about 4 times salary, which would be £64k. I work for the MOD (so fairly secure job !), earn £16k and have a £60k deposit (due to…
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Mortgage advice needed - remortgage and borrowing money
Hi, I am looking for some help from a mortgage advisor please. We are due to remortgage in a few months time (coming off a 3 yr fixed deal) and would like to remortgage and borrow extra money on the mortgage (or take a year's mortgage break?) in order for me to re-train and change professions. Does anyone have any good…
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coming out of a fixed rate with nationwide
We are currently 2 years into a 5 year fixed rate with Nationwide, paying just over 6% We are expecting our first child in June and are looking to try and reduce outgoings where possible. I briefly spoke to Nationwide about coming out of our fixed rate and going onto a variable rate and they said this was not possible. Is…
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Can building society refuse to switch mortgage to interest only
Hi I am thinking about phoning my building society and asking them if i can switch my base rate tracker to interest only payments. At the moment i am on a rate of .49% above base which is capped at 3%. I am making capital repayments at the moment. What i want to do is switch to interest only and then use the savings to…
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Why and how long for does a credit card app effect a mortgage application?
Hello, Ive recently applied and been accepted for a credit card. I also applied and was accepted for a credit card 2 months ago. Were going to be looking for a mortgage in around 2 months time. So my first credit card will have been 4 months ago by then. second credit card will have been about 2 months ago by then. I have…
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LTV Calculation
Apologies in advance if I come across as thick:o but how do I calculate our LTV? We bought our house in Oct 2007 for £162k and put down £50k deposit. So we had a 25 year, £112k mortgage with Nationwide. We now owe approx £106k, are presently on the SVR and have 21yrs 10 months remaining. House worth approx £150'ish at the…
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Can I get a second residential mortgage?
Background is basically that I currently have a flat with a mortgage on it. However, I have recently got a new job and am planning to get married. Issue is that whereas I would normally sell my flat the market means that I may not get back what i sold it for. I currently have a mortgage with Nationwide. What I would like…
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Mortgage for a temporary worker
I have been in a full time permanent position since March last year. My boyfriend worked for a company for 8 years and has recently been made redundant. However, he has been given a 6-12 month secondment within the company (he has been given a new contract for that). At the end of that he would effectivly have to go back…
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Remortgaging for the first time
Hi all, we are due to finish our 5year fixed rate in April and i'm starting to look at new deals we can move to. Problem is i don't know where to start. The mortagage was taken out with the Halifax in April 2006 and is at 5.39%, i would like another fixed rate deal i think but am not 100% about who to go with. Does anyone…
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How to get out of mortgage?
Hi everyone Ineed some help and advice on how to get out off my mortgage. It is a bit of a long story but here goes. My boyfriend and I recently split, we had been together 5 yrs and have a 4 yr old son. We purchased a house 3 1/2 yrs ago. it was a 100% mortgage and we both own half of it. My son and i are now living with…
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morgage help
hi im after some advice on my current morgage. Me and my x partner have still got a morgage and she was still living there so she paid the morgage . little did i know she didnt pay the morgage 1 month and moved out . i was forced to move in to protect my credit rating as i couldnt pay both and she couldnt care less . i now…
