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Help deciding...
Hi We're about to take out a large mortgage (approx £250000) with a 60%LTV and obviously want to make this as cheap as possible. We're considering a number of different products. The first is HSBC's fixed rate but not sure how many years to fix for (2 years@ 3.49%, 3 years @3.74% or 5 years @4.29%). The second is the HSBC…
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Need a mortgage but have old debts :(
Hi all, I'm living with my girlfriend in rented accommodation and we have done so for around 10years. We're now at the point where we really wanna get off the rented market and look into buying something for ourselves. We would hope that our landlord 'may' sell the house we're in to us and just as a guide other properties…
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Nationwide Mortgage Problems
Hi all Apologies in advance as this is as much a rant in frustration as an appeal for advice. I am a first time buyer with what I would regard as a relatively straightforward application. I am only trying to borrow 40% LTV and the property's value has been confirmed by Nationwide's surveyor. My application was submitted…
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have I over paid on re-mortgage fees? can I claim back??
Hi! Just looking back on my last re-mortgage in 2008, I paid a total of £799 in fees to move my mortgage with abbey(at the time) to a fixed mortgage, still with abbey. I was charged: £599 - booking fee £125 - transfer fee £75 - administration fee £225 - Mortgage account fee I just wondered if these were too high/anyone has…
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Paying off mortgage with Northern Rock
Hiya I (stupidly) took out 115% mortgage with Northern Rock in 2006. Of course now the house has fallen in value too. We have sold it to cash investors for £30,000 less than the total mortage still on it so we can buy a new property. We are lucky enough to have over £40,000 gifted to us by mine and my husband's parents to…
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Getting out of a joint mortgage
My partner has recently got a divorce however he is still locked in a joint mortgage with Halifax. They have refused to take him off the mortgage even though his ex-wife who wants to maintain the house and is keeping up with the re-payments for over a year on her own. Halifax give as their reason for not removing my…
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whats the best 5 year fixed rate
Hi all just wondering what the best deal any one has found on a 5 year fixed rate cheers:beer:
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Overpayments
I have a 14yr motrgage fixed for 5 years. My question is this.. The mortgage allows overpayments. At the moment we have an extra £450 a month (my partners works pension but he is still working for another 4 years) As savings arent earning much should I over pay on the morgage for the next 4 yrs while we have this spare…
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First time buyer, need some advice
Hi All, My partner and I are just about to hit our deposit target by the end of Feb, and was wanting to get some advice about when we should start to do the following? 1) Speaking to a mortgage advisor 2) Actively looking for a house Should we wait until we have hit out deposit target to do either of these things, or is…
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Re-mortgage???
My Girlfriend and I have a repayment mortgage which started out as a 2year fixed and has now been 2.5% above the base rate for the last year. The mortgage was 100% for 100k, Over the last three years we have paid around 5-6k back. my question is with the possibility of rising base rate am i best to remortgage and would…
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little help wanted....
please go easy on me, this is my first post on such a big issue. im looking to remortgage my house, its current 'market value' is around £80,000 - £85,000 (according to estate agents) although i do know that my type of house is not selling for those amounts. My outstanding mortgage is around £64,000. would you be able to…
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Stuck in Interest Only Mortgage rutt
I am SURE I am not alone in this situation and would appreciate any help from others in the same situation or who have had experience here. In short, I want to reduce my mortgage payments or keep same payments and reduce the term. 10 years ago I started my mortgage for my current property and at the time I earned £30k pa.…
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Morgage for first time buyer (but 2nd really)
Hi :) I am looking to buy a house with my partner for about £90,000 we both earn a good wage and are currently living in rented accom. I have a house already but rent it out to a local family. Are we classed as first time buyers as he has never had a morgage before. We have no deposit at all, so what is the best option…
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HSBC mortgage sent to underwriters
We've been struggling to obtain a mortgage as we've been abroad for 5 years up until February 2009, today we went into our local HSBC branch for some mortgage advice, we weren't expecting miracles, in fact I wasn't expecting to be there for more than 5 minutes but having discussed our situation with the MA he suggested…
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BofE interest rate
Hi, We are currently on a tracker at the moment and I have read that it is predicted that the BofE base rate will probably start to rise around mid-2011. But, did I hear on the news yesterday something about it may be as early as next month? :( Thanks. Gareth.
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save or overpay
I have a 0.75% above BoE base rate tracker with A&L. Currently costs £334 per month. I have set up a 'preferred amount' to pay and have set it at £500 (as much as i can afford). (29 yr mortgage, 95% mortgage, not eligible to get 5 yr fixed rates until paid off £9,700 due to LTV i believe) Have i done the right thing or is…
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fixed , tracker or srv, stll cant decide
Hi Did post on here last weeek but still not made any decisions Mort fixed rate ends soon, not sure whether to trans to new fixed rate or tracker or keep on srv for a while. Alwasy been on fixed but thinking of tracker due to rates being low. With santander and offered 4.24% srv fixed 3.88% with 999 fee fixed 4.49% no fee…
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Hsbc ERC (Great Mortgage Company)
My current fix ends on the 28th Feb 2011 which is currently 6.79% I was a FTB with 10% Deposit, so i have arranged to fix into a 5 year fixed at 4.79% starting 28th Feb. I signed the paper work etc and returned and today they are taking the £199 BF, i just had a call from the Mortgage department and they advised me that my…
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shared ownership application
Hi, I and my partner are considering buying a shared ownership property. Our joint income is about £65000 which would put us over the maximum salary qualifying threshold of £60000. However, my partner will be leaving work in June to return to university and we will then have just my income and be under the £60000…
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Bank Valuations
I was in the middle of taking out a fixed rate mortgage with Northern Rock who sent out a valuer yesterday. I had valued my 3 bed semi at £185k (Zoopla has it down at £191k). 2 years ago the Abbey National valued it at £187k when I took out my present mortgage with them. Northern Rock's valuer has come back with a figure…
