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Need advice please
Hi everyone, any advice would be so helpful please To cut a long story short.... My husbands wife divorced him 6 years ago, he gave her the house which has equity of about 200000. He kept his pension and a small amount of cash. The mortgage is interest only without an endowment about 80000 with four years left until the…
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mortgage - time to fix?
mortgage - £90000 time - 21 1/2 years approx value of house 200k currently on a tracker and pay around £400 a month (so assume interest rate is 1.5% (must track at approx 1% above base)) could get a fixed from natwest at approx 4% for 5 years so monthly cost will be £520 whats peoples advice on this. do i press the button…
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Sons taking over mortgage
is it possible for our two sons (who live with us) to take over our mortgage? We are getting older (61 and 59 ) and don`t know how much longer my husband will be able to work.We have other debts (loan and credit card).Our eldest son is on long term DLA and IB,the younger one is in full time employment.They are in their…
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First Direct Pull Low Fixed Rate - Does This Mean Rate Rise Is Coming
I have had my eye on the 5 year fixed 3.89% mortgage (max 65% LTV) that First Direct has been offering for a few months. However, I went onto their website this morning to find that this product is no longer offered. The next best deal is a 75% LTV at 4.29%! Is this normal for lenders to pull deals or is it a warning that…
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Strange situation... already have a house yet need to get a mortgage...
Hi all, I'm just looking for a bit of advice really I'm in the very lucky situation that my grandad has bought a house for me outright, but this is on the condition that I pay him back a portion of the value of the property in two years time. I'm wondering what sort of products I should be looking into... is this…
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Can I get a Mortgage with BFPO address?
Hi, I am based overseas and have a BFPO address. My wife and I sold our last property last year before we moved away and now we would like to buy somewhere in the UK to rent out for a couple of years while I am still posted overseas. Then on our return to the UK we would live there ourselves. Is it going to be difficult…
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mortgage and downsizing?
Hi I am very confused about this and hope some one can help me. I am thinking of downsizing as I am going through a lot of financial problems and our income has decreased drastically. I bought my house in 2006 for £85,000. I think we paid just under £5,000 deposit. Unfortunately my house has not really increased in value.…
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Lender Being Very Obstructive !!!!!
Hello Everyone, I have been lurking for a while and this is my first post as i need some advice.... To cut a long story short, my wife and i separated some 4 years ago, she moved out and i stayed in the fmh and continued to pay the mortgage. After about 12 months we negotiated a settlement between ourselves and i…
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Downsizing due to debt. Will I get a mortgage?
I have managed to run up quite a bit of debt (£20,000). I have never missed a payment and can afford the payments, I just dont like the milestone around my neck. When I bought my current property, it was on a shared equity scheme as I had no deposit whereby I pay the house builder 25% of the sale of the property. I bought…
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How does my mortgage work?
Hi, I took a mortgage out in early 2007. It was a 100% mortgage at the time (I know, I've learnt my lesson!). My question is, the statements from the lender show our mortgage at 90% and the rest as an unsecured loan. if we were looking at moving/re-mortgaging is the loan included or is this completely separate? So to keep…
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Lender does not accept I am employed enough to give me a mortgage!
This is my first post, so please be gentle with me! Last year my husband and I checked with out mortgage lender to see if we could borrow a bit more to extend our home. My husband is self employed and I am a highly paid professional with a 12 year employment record with my employer. Our mortgage provider said yes, and told…
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Ditch my fix?
Hi, Hope you ladies and gents might be able to help me, I'm currently in a 5 year fixed at 5.34 % with Nationwide. I've just had my annual statement come through and heres teh details: Closing balance - £83,712 Early repayment charge - £2,500 Redemption admin fee £90.00 5 year fixed will expire on 31st August 2012 So with…
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Mortgages with Bad Credit
I've been told by my mortgage advisor that nobody will touch me with a mortgage now I have payment plans in place for credit cards - she has tried at least 3 of the high street lenders who all declined! I have sorted these arrangments myself and am desparately trying to release equity from my house to sort the problem so…
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Overpay or not?
Hiya, just after some advice. Got a letter through from the company that my mortgage is with (First Active), to say that my 3 year fixed rate deal comes to an end at the end of March. Upon completion of the fixed rate deal, I'll be moved on to the long term variable, which is currently 1.60% :T This will bring my payments…
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advice on interest rates and fixed rates
Hi all Were on a 0.75% over the BOE base rate with A&L (Santander now). Paying £334.00 Mortgage owed £99.500 / 29yr mortgage / and borrowed £105.500 (house bought at £110.000 and worth roughly £130.000) Very worried about interest rates as no savings, 90 day redundancy notice etc. Got an offer of 2 yr fixed at 4.49% then…
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Mortgages - best rate?
Hello! I am completely new to this site (though can already tell I am going to get addicted!); I don't know whether this is the right place to post this question, but I am hoping to get a mortgage this year. I have decided it is time to stop throwing money away on rent (have spent £50k over the past 15 years, which is just…
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Annual Mortgage Statement help!
Hello, Hoping someone on here can help me with some questions on my annual mortgage statement-it's my first statement so not sure about a few things. My mortgage is a fixed 5.79% capital and interest mortgage with RBS-fixed for two years from Oct 2009. It says 'Opening Balance'-98,599. Total debits-5697.88 (interest) Total…
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one account
hello, is the virgin one account for me? looking to add credit cards and loans thanks:)
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Fixed Rates - Lowest inital rate or lowest subsequent rate
Hi, I'm looking at taking out a mortgage very soon and had chosen one from the Woolwich (4.19% 2yr then 2.99%) because of its low subsequent rate. I'm now wondering if its best to go for the mortgage with the cheapest initial rate (e.g. ING 3.69% then 3.5%). The cost over 2 years is much less with ING but over 4 years+ the…
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Endowment to sell
Hi, can anyone advise whether to surrender an endowment with profits or to sell on. The endowment matures in 2014 - it already is at risk of shortfall which we have been aware of but continued to hold onto it just as a small savings pot - but due to circumstances the cash is needed now. I am new to these forums, but would…
