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Advice needed please!
Hi all I am married with 1 young child. I am currently on salary of £35k but this (dependent on passing an exam in July) will increase to around £45k in September. My wife currently does not work as she is looking after our toddler. We have an Interest-only mortgage with Nationwide - we owe £212,000 (was paid a 15% deposit…
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Advice please
Thanks for the responses, you have given me a lot to think about. I've decided to remove my post for personal reasons and hope this is ok.
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Mortgage Porting
I have a Santander offset mortgage, at BoE + 0.5% Current balance oustanding is £130k We're contemplating moving. Our house is valued at £350k The house we're looking at is £500k. I know the mortgage is portable, which I think means that: (a) we sell for £350k, pay off balance and have £220k (b) we put the £220k towards…
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Mortgage with missed payment on file
Hi All, Got approved for a mortgage approx 1 year ago with no problems. However, in June 2010, A&L (aka Santander) put a "Stage 2" missed payment on my file (I.e. 2 months in arrears!!) - This was because I went over my agreed overdraft limit on my current account for 2 days. I am appalled they are allowed to do this, as…
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Fixed Rate Mortgage rant
We were looking on Thursday at Nationwide's 5yr fix at 4.69% as we were due to view a house that night which is the last one on the list of potential purchase (and all the others have been ruled out). EA failed to turn up for the viewing so we had to rearrange to today. We liked the house and want to put in an offer so I…
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Mortgage Query
Hi Me and my hubby are moving house and because of my credit history (2 defaulted accounts which I'm appealing) we have been told by an IFA that we are better off just my hubby applying for the new mortgage because he has no bad history. Would they only check his credit file and not look at mine then? Cheers Claire
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Cash back
Hi guys and gals, I am first time buyer who is a little confused regarding cash back offers made by vendors. Is this really just a swizz to obtain a cheaper priced loan when compared to taking out an unsecured personal loan? There is a house offered with a cash back of £10,000 on asking price of £170,000. Presume you would…
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Specialist Help Request - Is it still so bad...?
Hi, thanks in advance for any replies... this place is brilliant. Back in 2007 we took some really bad advice and ended up with a bank defaulting us due to the bank charges fiasco (long story short: £90 in charges, stupidly I dug my heels in due to the charges advice at the time and ended up with a £600 default). Fast…
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Interest only coming to an end needs paying
Help! My interest only mortgage is coming to an end in September, and the repayment amount is £82,000.Moneys that I had anticipated being available to pay it off, will not now be available for a couple of years.I am 72 years old and would like to extend my mortgage to 75, but apparently this cannot be done now, due to new…
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First Time Buyer - Legal Fees.
As a first time buyer, I was wondering what (how much) legal fees I should expect to pay? Thanks... :)
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Mortgages for the bad credit scorer!!
Hi, I hoping that there are people who can give me some advice on the following... I have recently separated from my wife and was left in the property which is currently on the market. If all goes to plan the sale would clear all secured debt on the property (no equity). I currently have £22k of unsecured debt on a DMP.…
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I need help.
Hi Just wondered if you could point me in the right direction, where do i find out/ look for a new mortgage broker that has access to the whole market of offers, and if so would she/he be able to liase with my current lender to see if i can re mortgage or get a better deal from them. Just need to buy my ex out. Any advice…
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3 mortgage years left, what to do ?
Hello everyone, Can somenone give me some advice as what to do on the following : My tracker repayment mortgage ends in June which Santander offers to switch to their variable rate - currently at 4,24% - AND they will charge a fee for doing it (?) To start with, that does not sound right as they already have all of our…
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mortgage query
Hiya all, i have a mortgage with nationwide its in two parts one ends in 5 years the other part in 12 years, overall the total amount is 38k the property is worth about 85-90k i enquired about further lending and was told the most i couldget was a further 50k, i was wondering could i get a mortgage from an0ther company if…
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Help needed on whether to remortgage or invest capital elsewhere
First time on the forum, so be kind please. I have rencently come off my two year fixed mortgage and am at the mercy of my bank with their SVR of 5.8%. The question is do I shift my current savings into my property, which is negative equity at the moment, or use my savings to invest elsewhere and hope the property market.…
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Interest only morgage confusion
We're looking to move soon, to a do-er upper house which we'd stay in for a year or two, not for life as its not the location for us. I was curious about the option of an interest only morgage, as I'm aware you hardly pay anything off in the first few years anyway. I was on moneysupermarket last night and it came up with…
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Please help!!!
Hi! I'm new to this forum and desperate for some good advice. I have a joint mortgage with my ex partner, whom i'm still married to but currently going through divorce. We have 2 children together 6 & 8. The house is on the market but is not selling. He lives in the property with his current partner and her child. I am…
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Legal Fees on Mortgage
Hi All, We have found a house we want to buy and had to choose our solicitors. All of them seem to charge the same fees (i.e. their charges of about £450 + Vat) and then the other fees. Out mortgage advisor suggested using their firm (surprise surprise) and said they charged £500 for their fees and then the other search…
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Countrywide mortgage consultants - are they good?
We are currently shopping around to see what mortgage deals would be available to us and an estate agent we visited suggested we spoke to their mortgage consultant as he considers deals from the entire market. He turned out to be from Countrywide and gave us a lovely brochure to go with a very glossy sales pitch! He seemed…
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Big Mortgage = Unhappy Vs Small Mortgage = Happy
Hi All I very nearly bought a house with a big mortgage which would have
