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Santander 5 year fixed Mortgage Deal
Hi All I am in the process of getting a five year fixed mortgage arranged with santander. I have £50.641 left on my mortgage with the northern bank and my home is valued at £120.000 They have offered me a rate of 4.49 % fixed for 5 years application fee of £995 Is this a good deal? Thanks
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Offset Confusion
I have an interest-only offset mortgage, which I have had for about 2 months now. I made a deposit into the offset account last month of £6k expecting this to reduce my monthly payment but it hasn't done so. This has confused me totally. As it is an interest only mortgage, then there is no point in offsetting if my…
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FTBs - One higher Income
Hi, My girlfriend and will be looking to buy our first home later on this year. I have a few questions on mortgages and the impact of certain things. I started a new job in November of last year, there is a 6 month prob period. We will not be looking to buy a house until after this period is up as we started a 6 month…
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Employer refusing to give letter confirming employment to lender
Myself and my wife are in the process of moving house (offers accepted) and I am trying to get my mortgage ported to the new property. The existing mortgage is with Abbey (Santander) and was taken out around 10 months ago. My wife is currently on maternity leave and due back at work in April. The underwriters have asked…
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Fruther lending Halifax
I'm looking to borrow an extra £6k from Halifax on my mortgage to repay a few debts (I know the risks of adding this to my mortgage), I've got an appt today but was wondering when they check your credit report do they physically check it or do they just do a computer generated score? Am I reducing my chances of a Yes by…
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about to exchange...
hi all, i have just sold my house and am about to exchange over the next week or so... I will end up with just over 20,000 after i've paid the solicitors and agents etc so me and my wife are going into a rental while we save a little more to get back on the ladder again I was wondering when i want to apply for a mortgage…
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this may be a draft question but....
I have two properties. We use one as our marital home and the other as a weekend crash pad in the city. I assume its OK to have two "Normal" residential mortgages. i.e. I dont need a B2L mortgage on the city property? cheers
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Lloyds TSB mortgage
has anybody any experience using them for a mortgage, seem quite competative, are they decent, on the ball, quick etc or will it be nothing but hassle? Any first hand experience anyone?
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Mortgage help required
Hi - bit of a strange one. My mortgage is a flexible tracker where I am paying 0.19% over boe base. I like the deal and it can be transferred (and increased back to the original loan max) if I buy a new house so although I paid almost all of it off I left a couple of hundred pounds outstanding and asked to pay it off…
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Is this acceptable - Ntionwide Building Society
I have recently found myself in the fortunate position to clear my mortgage (all but a £1) with Nationwide on 19/1/11 but have since encountered the following problems: 1) I was charged £90 redemption fee in error and was told on 31/1/11 that this would be refunded. 2) They took my mortgage payment again by mistake on…
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Selling endowments
I have two endowments that due to circumstances i need the money from. Can anyone advise me on is it wiser to cash-in my endowments or to sell them to a broker? Thanks V
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Overpayments
Hi, im a FTB and curious to know if im correct in thinking this. Lets say I have a 100k mortgage with repayments of 700 a month over 25 years and I wanted to overpay (with no charge), am I right in thinking the overpayments will come straight of my balance as interest is absorbed into monthly 700? Also can i choose to…
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How far in advance can I reserve a fixed rate mortgage
Hi, Our current 3 year fix (5.84%) comes to an end in September, and I'm just wondering how far ahead I can reserve a new fix rate? Would be great to do it now while rates are still low as they're likely to have gone up by September. Cheers Pete
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First Direct...great rate but...
Hi All, I am currently on a NatWest fixed mortgage at 3.49% which is expiring at the end of March this year. I applied for and was approved for a First Direct 5 year fixed rate mortgage at 3.89%, however I haven't yet submitted the paperwork for the valuation (so I can still back out but lose the booking fee). This product…
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am i being ripped off by mortgage lenders
i am single girl,trying to get on the property ladder.... have saved hard for a deposit for a house ,fees surveys solicitors etc , and applied for a first time buyer 90% mortgage, no problem ,will lend me the money but needs a small amount of damp prob sorting ,so lenders are holding back 2k, i spoke to the seller and he…
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House Deposit paid for my daughter
Hi all, I need some advise as to how to protect and secure the deposit I paid to help my daughter by a house.I have not been added to the mortgage application. Solicitor suggests I set up trust to 'gift' the amount to my daughter, need advice on how this works as I need to protect my hard earned savings, for future use.…
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Second Home Mortgage Question
Hi Everyone, Hope someone can give me some advice on what the best way forward is. I own a house which is mortgage free! (every spare penny went into overpayments - thanks to all the great advice on this site!) Now I am in a situation where I want to buy a new place in the village that I grew up in, that is big enough to…
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Right to Buy
My parents were lucky enough to purchase their property in April 2007 using the local council Right to Buy option. Valuation £160000, loan £100000. Their current outstanding mortgage is approx £80000 (current valuation approx £142000 and they would like to re-mortgage. They are currently on the lenders SVR of 4.24% but…
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Staff mortgage.....please help!
Hello, I used to have a very nice deal through Woolwich where I paid 0.18% above base rate and I was very happy with this. I was happily married, had a child, mortgage was fine and up to date. I wanted to increase my mortgage and have my husband's name added for financial security should anything happen to either of us. I…
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Are there still interest only mortgage to be had?
Hi, As I've put are they clamping down considerably with interest only mortgages? And do mortgage providers insist on seeing a savings vehicle before approving it?
