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Longest mortgage offer validity period
I have a base rate tracker until 31/10/2011 and I was wondering which lender has the longest remortgage offer period. I ma thinking of getting a 5 year fixed nowwhilst rates are low but wait until 01/11/2011 for my redemption penalty to expire before I complete. Do any lenders offer a mortgage offer that is valid for 9…
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First time buyer with £22,000 debt
Ok, here's my simple question, just thought I'd throw this out there and see what people think. I currently have a £22,000 debt. At the current rate of payments, it should be cleared in about 2 years. I have a stable job earning about £30k a year. At 33yrs old, I'm keen to stop renting and get my own place, so at least my…
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Would this be a sensible thing to do?
Hello all, Some further help required following on from my recent thread about whether to ditch the fix. Our current circumstances as follows 82k mortgage 74k interest only 8k repayment Fixed 3 years ago (for 10 years) at 5.69% with Nationwide ERC around £2500 Mortgage ends Sept 2019 - 8.5 years left Currently we have a…
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Hekp needed for first time Mortgage Buyer
Hi Folks, Help and advice needed here. My partner and I are currently in the process of applying for a mortgage for a shared ownership house. ( I know people say they are a bad idea!!!) We have a Broker and we were advised to go with nationwide by the broker as they were offering the best deals. the application process for…
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Aviva Endowment Bonus annoucement- When?
Does anyone know the Aviva bonus announcement date or is it not published to a set scheduled date.
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Porting mortgage - Chelsea BS
Hi, I have a mortgage with the Chelsea (£160,000) This was borrowed in 2007 against my house that at the time was valued at £180,000 (so just over 10% LTV). I would like to buy a slightly bigger house. Today I have had my house valued and the estate agent thinks I will get £190,000. Now heres my question. If I find a house…
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Mortgage arrears of landlord
I have a client who asked my advice on an issue with the house he was renting - and thought someone on here may have had a similar situation and could help. He has been renting for just over a year now - from a private landlord. Landlord originally lived in the house but moved away with work hence the rental. He has…
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Semi commercial Mortgage?? HELP!
Can anyone please advise on the following: I am wanting to purchase a property which is current being let as part residential and part commercial. The residential side is a 3 bedroom house and the commercial side is a one roomed shop with additional workshop/storage. I would like to obtain a mortgage but have been given…
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bank of england rates will they go up??
Does anyone think the interest rates will go up soon and if so by how much?? I am looking to remortgage and do not know whether to do tracker or fixed but depends on how much rates will go up by Does anyone think they will go up to 5% thanks Nicola
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mortgagae advice
Hi all, I am looking for people's oppinions, I appreciate that no one can be certain of anything but I am equally sure that the collective views here are likely to be more informed than my own. Here is the story: I took out a remortgage 4 years ago for my current house. The mortgage was £245k in total and I assumed I was…
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Increase mortgage to buy narrowboat?
Hi everyone I'm looking to raise around £25k to purchase a residential narrowboat (+£15k savings). Posting here is the very first thing I've done, as I'd love some advice before speaking to anyone out just to sell me something, I've found mortgage companies particularly bad for this in the past - so forgive me if I sound…
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Name on a writ affecting mortgage applications.
This is quite a specific issue and I'm not sure this is the correct part of the forum to ask this question but I thought maybe someone in moneysaving land might have some experience and be able to offer some advice. At the moment it is just hypothetical but I have never been involved in anything like this before and am…
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5 year fixed 3.99% HSBC good deal ??
Are there any better offers than this? They also only charge £99 for a switch from Halifax after my 2 year fix with them ended. Plus they give you a Mortgage fee transfer package.
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Increased value of house - can I remortgage?
Hi everyone This is my first time posting - great to be dipping my feet in the water. So, we bought our house 18 months ago for £270,000 on a mortgage of 243,000 ie 90% LTV. It was just about to be repossessed and was in a pretty dire state, but we've been doing it up over the last year (reading the MSE DIY forums along…
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Mortgage Guarantor
Facts and figures first. I will soon have a £75K mortgage on a property worth £100k My earnings are £32K/annum I have £45K capital raised from the re-mortgage. I have a credit card debt of less than £2K. Original plan £45k to go to ex-wife as a deposit for a £60k house (25% LTV), Mortgage required for £15K only. As she is…
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Remortgage - Who decides how much a house is worth?
Simple question really, for a remortgage application, who decides how much a house is worth? My wife and i bought our house in 2006 for £125,000 on a 100% mortgage with Standard Life, 3 year fixed at 5.3%. When the fix came to an end in 2009, I had the house re-valued (simply by pretending to want to sell it with an estate…
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First Time Buyer -Credit Rating Advice Needed
Hi There, I've been renting privately for many years now, but have just taken the step of moving back in with my parents to save up a deposit to finally buy my own place. I also have significant debts to clear down, which will be done in the next several months. I estimate I will have enough deposit saved in approx 2.5/3…
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tracker or fixed ???!!!!
My mort fixed rates ends soon and i am confused on whether to do fixed or tracker. i hav always done fixed in past so i know where i am with payments. But have been advised tracker may be better as rate better but with rises imminent in rates not sure. Any advic would be appreciated??!!!!:( ThanksNicola
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Mortgage offers
Hello all. First off, sorry if this is the wrong section, wasn't quite sure where to put it! I'm in the process of getting a mortgage but I have a question regarding the credit checks they do. I was always under the opinion that it was a bad idea to apply for credit in multiple places over a short space of time. If this is…
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Is it possible to take out a mortgage on a house you don't own?
Hi, Just a general query really as I am not sure if this is possible or not. Is it possible to take out a mortgage (or loan) secured on a house you don't own if the owner of the house is willing to sign their permission. I am not saying this is a good idea or not, it was just something someone mentioned to me earlier today…
