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What would YOU do?
I fixed about 5 years ago (to buy exOH out) and the fix ends on 31 March. I've 13 years left and it's repayment. (Derbyshire so same as Nationwide, I believe) My options are * Drop to SVR currently @ 2.5%, guaranteed to be no more than 2% above BoE base rate. £398 pcm * go for a 2yr fixed @ 3.99% (there will be no fees to…
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Mortgage help and advice needed! Totally lost! Please read. Thanks.
Good afternoon one and all. Firstly I hope that my post is indeed in the right place. I don't really post much on this site but I browse it regularly and know there is a lot intelligent people on here some of which I hope can help me out. So here goes.....(really hope I can explain this clearly) I am 30 and still live at…
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Help - Split Up With Girlfriend
Hi, I wonder if anyone could give me their thoughts. I bought a house with my girlfriend 9 months ago and now we have split up (after being together for 5 1/2 years). We owe £117k and our house is valued at £140k. If we sell it we will have £4.5k ERC, estate agents fees of circa £1800 and solicitors costs. How do you think…
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Financial Associate
Hi Guys I have a good credit record but my partner has a default on his. We have a financial association as we have a joint bank account. I want to apply, as a sole applicant, for a mortgage. There should be no issues of affordability with my income or report etc. Will a lender DEFINITELY search my partner's report? I…
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16 y/o L & G Endownment sell or keep ?
Hello everyone :) I am new to this forum and have my fingers crossed someone here can help / advise me. I have a Legal & General Endownment policy that is due to mature on 16/05/20. I no longer need this to repay my house as I have already cleared my remaining mortgage. I am just wondering if I should stick with it for the…
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Which house do I mortgage
My husband and I are thinking of buying a buy to let property as an investment for a pension. It would probably be a new house. Buy to let mortgages seem to cost more, so as we have paid off our mortgage on our own home would we be better to get a mortgage against this instead which I think is a re-mortgage. Looking at…
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Remortgaging
Can i remortgage my parents house after they have transferred it over to me so that I can give them the cash?
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Mortgage lender and insurance issues
Hi guys, I know I've put this in the mortgage bit...I'm going to put it in the insurance bit as well - a few issues that need clearing up. In 2009 we decided to switch insurance providers for buildings and contents away from our mortgage provider who was costing us a fortune - to one that cost us half as much but provided…
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Help me to understand Offset Mortages
Hi All, We're looking to purchase a property in England within the next 12-18 months and I'm struggling to get my head around the different types of mortages. We're expecting to take a mortage loan of around £180,000. We both have relatively good incomes and we expect to be able to contribute around £2000pm to the…
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How do I calculate?
Hi, My fiancee and I are currently looking into mortgage deals for a house we are very interested in. The house was a part exchange, so former owners sold to a builder and moved to new build, we would be buying from the builder. The valuation of the property in the Home Report (in Scotland) is quite a bit more than the…
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Developer Mortgage
My son has built a house with a short term developer mortgage (secured on the new house and land) for which he signed an agreement not to live in it. The agreement actually says to do so would be 'an event of default'. He intended to sell it but has now decided he would rather sell his flat and move into the new house,…
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Advice needed, switch or stay and overpay??
Hi, I think I have the answer to this question but would like some advice first, that's where you come in!! Basically we were looking at moving but have decided to put it on hold for various reasons, but we got looking at mortages and comparing them. I have 3 mortgages all running along side each other with N & P. The…
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Bad Credit Mortgage
Hello, I am looking for some help and advice. My partner and I are looking for a mortgage but we both have very bad credit. We do have a 40% deposit. Any suggestions with regards to lenders or what we can do to try and get a mortgage? Thank you.
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Stay with Nationwide BMR mortgage or move to fixed?
Like many others, I am wondering whether to move to a fixed rate mortgage or stay on my current variable rate. I was on a Nationwide fixed rate mortgage until September last year when it ended and I went onto Nationwide's Base Mortgage Rate (BMR). My outstanding balance is around £64,000 and I have just under 19 years left…
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First Time Buyers
Hi We have just put an offer in for a house after gatting a provisional mortgage at the natwest bank. The mortgage advisor thinks all should be ok and tried to reassure my partner that his credit rating is so good with them that he could be offered a 9 thousand pound overdraft no questions asked. The mortgage application…
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What to do with Endowment Payout?
My Aviva policy matures next month. My dilemma is what to do with the £20,00 payout. Do I: 1. Use the money to completely pay off the £20,000 interest-only debt with my Mortgage provider. I am on a lifetime HSBC Tracker BOE + 0.38% (so currently 0.88% interest rate). 2. Invest the money elsewhere while the BOE interest…
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shared equity mortgage
I have been offered a 25% share of a house now can anyone advise me if i need to take out a shared equity mortgage out or can i go for a tracker or fixed mortgage as if i was buying 100% share many thanks
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Help! Santander mortgage
:(I am on a variable rate with Santander, wont give me fixed as LTV not good, and want to make additional payments as and when I can afford it. When I asked if I can do this, they said that I can only send them a cheque, in both my partner and my name, for a minimum of £500! I have problems with this as a) Dont have a…
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Anyone had a Post Office 90% LTV mortgage approved recently?
I am on the verge of applying for one but I can't afford to be refused again so would like to know if they are actually approving any 90% LTV mortgages right now (some other lenders dont seem to be, e.g. Natwest). Also, Post Office won't give a decision until a valuation has been done on the property, which will cost me…
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SVR and base rates
Hi I came across this site (link) showing SVR history for the Hanley Building Society. I guess it is representative of most buidling societies. I compared the SVR with the prevailing Bank of England base rate at the time from this site (link) and thought the results were interesting. Date........SVR.........Base…
