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Wrong Info From broker
Hi All I contacted a well known broker to arrange my mortgage on a right to buy purchase. I explained the siuation that i didnt wish to pay any deposit and as i am getting a 20% discount i was looking for a lender who would lend the full 80% LTV that i needed. The broker found me a deal which seemed acceptable so i paid…
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Fee Charged for changing mortgage payment date
Hi all, My daughter and her partner have been charged £300 to changed their mortgage payment date as he is payed around the 15th of the month and the mortgage comes out near the begining of the month. Is this fair and has it happened to anyone else?? Their mortgage is with Santander.
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what to do after a split
my partner and i have split up. we have a joint mortgage which i am now paying by myself. he is willing to stay on the mortgage as i dont earn enough for the amount we have outstanding to remortgage. what worries me is that i am going to be paying the mortgage for the next 10 years or so by myself and then he is going to…
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Going direct after broker quote
We are in quite unusual circumstances so most lenders won't touch us (we are solvent with great credit rating, just unusual). SO I've been trying to find a mortgage direct and also with the help of a broker (which one bank directed me to as they couldn't help). After a long conversation he said he would search the market…
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1. Co-owned neg equity effect on second mortgage?
I co-own a flat that I bought as an investment with a 5% deposit (we both paid 2.5%) on an interest only mortgage just before the market went t*ts...:( I am now in negative equity (~87%) but the rent is about 1.5 of the current mortgage payments due to low interest rates. I now want to buy another property with my…
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Worth switching mortgage for a 0.6% cut?
Hi, I currently have a mortgage of around £60,000, with 24 years left to pay it off. It's with the C&G and will shortly track at 2.49% plus the base rate. Partly due to being absolutely fed up with a lack of online service for C&G (hate having to phone them, being on hold for ages and answering a dozen security questions)…
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Santander robbing us blind!!!
My mortgage is with Alliance & Leicester which is now owned by the Santander group. I just happened to notice the other day that Santanders SVR is 4.24% but i am still paying A&L's 4.99%, surely this can't be allowed to happen? When i rang up to complain about it they just said they haven't changed over the mortgage…
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Stilll some good mortgages out there!
Was pleasantly surprised last night to be able to secure a pretty decent fixed-rate mortgage. Granted, we are in the fortunate position of only having 4 years/45K still to run and and LTV of around 20% but still happy to be able to fix at 3.99% for 3 years with 1st Direct. Arrangement fee was only £199 but should be able…
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Understanding Mortgages
Ok, I need one of you kind people to explain something to me. I understand the basic's of a mortgage, the different types and what they all mean. What I don't understand is how the interest works... Are mortgages the same as other loans whereby as you progress through your debt the interest is larger on the first payment…
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Mortgages
This a long shot but hopefully someone can help I need to get out of renting, its dead money! I am currently paying £250 a month which I see NO return on. I have been doing it all through my student life and now I am 24, in a good job (albeit not very well paid for what I do) and have my finances in order I feel it is time…
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Zurich adaptable life plan- sell or keep
Hi, I have a 25 year plan that is due to mature in 2016 and have been sent a green letter telling me that its on track. I was 18 when I took out the policy and have used it only as a savings plan and almost forgotten about it until now. current premiums = £50 target amount = £11,250 they have advised that i should expect…
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Bank chat about Mortgage
Hi everyone, First post and hopefully not the last. Me and my Fiance are looking to get on the property ladder and we have organised a chat with Santander about how much we can borrow, they have asked for 3 months Bank statements and some other things. Now together we have £22,000 saved up but in Jan i had a unforeseen car…
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Mortgage fixed rate question
Firstly apologies for what may be a daft question. We bought our first house nearly 2 years ago. We fixed the rate for 3 years. Obviously the rate and amount was worked out on our income. Since then we have had a baby and my wife works less hours than she did when we got the mortgage. The household income was roughly 30k…
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RTB - Can I find a mortgage broker with a ccj?
I applied to my local council for RTB and have been successful, the only thing now is that I need a mortgage but I have a ccj and was wondering if I can still get a RTB mortgage with this on my credit file?
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borrowing more with existing mortgage
I've currently had 18 months in my apartment, which was purchased via 70% mortgage/30% equity loan via homebuy direct. What is the likelihood of being able to borrow more from my mortgage provider to repay the equity loan? Of course, I wouldn't do this until another 3 years, as the loan is interest free until then. Has…
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Negative equity mortgages? what happens to original house?
Hi, I have recently been reading about negative equity mortgages on offer from Lloyds, Nationwide and other lenders. They gave the eg of someone whose property was currently worth £110,000 but whose mortgage was £130,000. With the new scheme they could trade up to a £120,000 home while keeping their mortgage as it is. They…
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Mortgage Fee Not Reimbursed
Hi - new to the forums! I have applied for a First Direct mortgage and paid the £99 up front fee. However, the valuation is less than we expected, and our LTV was 78% and as the mortgage required a LTV of 75% First Direct have declined to take our application further. As they are backing out, we feel we should be entitled…
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Able to have 2 residential mortgages?
I’m in the situation where I have a house with a residential mortgage with NRAM and have just signed a tenancy agreement to rent it out from the 1st July onwards (and have just submitted my ‘consent to let’ application to NRAM). I can just about scrape together a 25% deposit to buy a second house – so the question – able I…
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pay off part of the mortgage or buy ISAs
I have a mortgage of £115, 00 it’s made up of £60,000 repayment and £55,000 Endowment mortgage. The Endowment part has 2 years to run and the repayment 6 years. It’s very unlikely my endowments will reach the target of £55, 000, could be up to £12,000 short fall. The point of the post is, I’m due for a tax free windfall of…
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Need advice on my remortgage
Hi I am new to this site and am here as I am in a state of anxiety about what to do next. I am a single Mum with 3 children and I split with my ex husband last January 2010. My ex and I have agred that he will transfer the equity in our house over to me and I will keeo the mortgage going and live here with the 3 children,…
