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First-time buyer and mortgage broker advice
Hello everyone! My partner and I are planning to buy a property in East London as first-time buyers and would really appreciate some advice. We are looking for a flat around £200.000 - £230.000 with a deposit of £50.000. We have received some advice from friends and family assuring us that this is a realistic scenario, but…
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Borrowing a little extra?
I'm after a little advice please? Here's the situation, currently my house is on the market and in the meantime my wife and I having been putting money aside to save for a deposit on our next house. My house is currently worth what i paid for it 5 years ago, which is bonus of sorts, meaning i won't be out of pocket…
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Porting Northern Rock Mortgage
Hello all. Quick question for anybody who may have the answer. I have just come to the end of my together mortgage deal. I currently owe about £200k on the mortgage (with northern rock asset management) House value is approximately the same. Does anybody know if I am able to port my mortgage if I were to say sell my house…
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How easy will it be to get a mortgage?
Hi everyone I'm a total newbie but need to "sheepishly" ask for some advise! We were lucky to pay off our mortgage a few years ago but are now in a bit of a pickle financially. Jobs have changed and we are not earning as much as we used to. We took out a loan with Tesco which has another 5 years to run. That was for a car…
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Trying to solve my mortgage problem
Firstly Hi to all!! Ive viewed these forums with interest previously but just signed up and now hoping someone may be able to help with our growing problem. Ok, this may be a bit 'long winded' but let me try to explain as well as i can. My wife and our 1 year old son emigrated last year and left behind our old house in the…
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Additional searches?
Ignore...posted on wrong forum
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HSBC mortgage criteria
We live on one income of about 40,000 and currently have the worlds worst mortgage [6.4% fixed with Halifax]. We have no debt other than our £81,000 mortgage. The HSBC have said that because we have three children and I am a homemaker/ fourth dependant we are too higher risk!!! The house is worth 135000 and we only want…
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No reply from Northern Rock
After looking on their website I wanted to speak to someone from Northern Rock today to discuss a mortgage, tried to phone the 0800 number but it was unatainable, so I used their call back system and clicked the within one hour, it's now been six hours and still no reply. think I might try someone else now bb
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Fix for 1 year or 2 years?
We are currently on our mortgage provider's SVR of 4.99%, I don't think we have a very good LTR, maybe 95% so I don't think we can get a very good deal going anywhere else. Our current provider has just quoted us the following to fix: 1 year - 4.69% no fee 2 years - 4.99% £799 fee I'm not sure whether to fix for 1 year or…
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Mortgage paper work
Hi sorry if this is in the wrong place.. we have old paper work from 2003 and 2005 when we got a mortgagefor the first time was the halifax asnd the second which has just ended was the northern rock. Is it okay to shred all this paper work or hold on to it? we have now remortgage again. Thanks
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Mortgage Advice
Hi everyone, I'm desperate for some advice. Buying a repossessed home and will have 28 days to complete. House has no boiler and a limited kitchen and bathroom. Will i be able to get a mortgage if it soesn't have a boiler? Also which lender do people think will be the quickest to complete my application, out of Nat West,…
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Tracker/Fixed with Santander
Hi there, Outstanding mortgage 121500, property value 146,000, 21y remaining. Mortgage deal has ended and i'm on the SVR of 4.99 and Santander are offering a 2y tracker at +3.49, a 1yr fixed 4.49, 2yr fixed 4.99. Do these seem competative? I applied for HSBC in December last year and they declined me a fixed saying it…
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end of fixed mortgage with NR
hi can anyone help i have come out of my fixed rate with northern rock and today have been offered two deals for two years with no fees. 1 is tracker at 3.29% (1 above bank of englands base rate 2.79 - so if goes up by 1% mine increases to 4.29%) or the other offer was 3.99%. i have a broker coming round and not sure if i…
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Calculating the effect of overpaying
My mortgage is in 3 parts: 1. 83,000 fixed to May 2012 @ 4.59% 2. 53,000 base rate tracker @ +1.49% 3. 50,000 base rate tracker @ +1.99% The remaining term is 15years 11months. On part 1 I can overpay by 499.99 per month without incurring Early repayment charges. On part 2 no limit to overpayments On part 3 10% of the…
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Interest rates.
I'm just after an insight into public opinion. I've had a mortgage for about 3 years on what is currently a very nice variable rate. However, I'm not naive enough to believe this can go on forever so am considering fixing. The fixed rate offered works out to be approximately a 1.5% rise. Is it feasible that the Bank Of…
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Its a long windy road but finally got a mortgage - it is possible.
After 6 weeks since applying and about 5 months since starting to source a mortgage it is possible albeit a rocky road. Gone are the days where you applied at start of the week and got an offer by the end! As many brokers say on here it is essential to get a decent whole of the market broker. Dont go direct, they know from…
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Endowment query
Due to a problem with setting up a new direct debit my endowment premiums have not been paid for a few months. Aviva (who the endowment is with) have now said they cannot apply any more premiums and that my policy has become "paid up" It was due to finish in 2018. What options do I have? Can I surrender the policy as I do…
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Stupid, stupid, stupid!!! Additional borrowing
Hi I have made a complete mess of my additional borrowing application... Our current fixed rate with Britannia is due to end on 22nd May 2012, we currently pay £680 per month. Was looking into borrowing an extra £12k for home improvements and for ease I decided to stick with Britannia and was sold a Lifetime tracker rate @…
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Valuation confusion
I got a text msg from Nationwide and an email from my broker telling me the valuation is satisfactory however a day later Nationwide have requested a structural report. Is this normal? My broker is contacting Nationwide to ask why this has been requested. I’m kind of nervous as I wasn’t expecting anything as the house is…
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house left in will
hi, both my wife and I are the executors of her fathers will. We have been left to organise funeral and all other costs involved with his death. The only asset that was left was his home which was left to my wife.The home has been sold for over 2 weeks now and the solicitor has yet to contact us about the settlement of the…
