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Mortgage Rate Term Query
Hi, I've been looking at buying a house and have been checking out mortgage rates. I have come across a quote for a 5 year tracker mortgage that has no early repayment charge attached to it. My question is this: What happens if I wanted to re-mortgage/sell the house before the 5 year period is up?...The period for the…
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Am I stuck wth this?
Due to some bad decisions and financial difficulties I found myself tied into a mortgage in 2008 that has an interest rate of 4.25% (3.75% above base) and 0.83% LIBOR. The mortgage is for around 111k with the value of the house falling to around 115k, therefore very little equity. At the age of 54 is there any way I can…
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Where to start?
I'm hoping for some help guys as I have no experiences of mortgages! Myself and my husband are thinking of moving. My husband currently has a mortgage of around £68,000 (I'm not on the mortgage as he got it before we met and we haven't added me on it yet). The property we are told is worth around £100,000 - £120,000.…
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How much value has out house lost?
Hello all, We bought our house in 2007 for £93,000 in the South East. Does anyone know of, or where I can find, a ball park figure for how much we will have lost in value? I know it will only be a ball park figure but hoping it might help me with planning for selling up next year. Thanks in advance.
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Halifax withdrawn offer??Help!
Hi My husband and I put an offer in on a house last week that we were pre-approved over and beyond for a mortgage. We have 15% saved and no loans credit card debt or children. Halifax processed our application took the money for a survey then at 5pm on Thursday withdrew and will not tell us or the mortgage advisor why. I…
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2nd time buyer mortgage advice needed!
We bought our house 5 years ago and obviously a lot has changed in the property/banking world since then! The problem is I've seen THE perfect house. Its at £160k, and worth a lot more as houses round the corner are smaller but £220k just cos they are decorated nicer. Realistically I think if we sold our house tomorrow we…
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Coventry mortgage coming to an end
My current fixed rate deal with The Coventry is coming to an end in September 2011. As the equity in my property is now 0% (As I have had it valued separately) I was just wondering whether The Coventry are still doing their 100% mortgages where people dont have any equity. I was lucky and managed to get a 4.74% fixed rate…
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more of a wonder than a question
Hi all. I was just wondering if some of you could shed light on this wonder. I get paid on a thursday morning early via bacs straight to my account. this comin week the 21st is the day i get paid and also the day that the mortgage payment goes out which is the same account. The wonder i have is does my mortgage go out…
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Mortgage modelling?
Hi I am a first time poster on this board so hi everyone :wave: I am being made redundant shortly and will probably have to take a lower paid job. I have been looking to see what to do with my mortgage but could really do with some sort of spreadsheet where I can put in different scenarios. Does anyone know where I can…
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Woolwich Mortgages going online soon?
Annoying as it is with woolwich mortgages that they only send out a statement once per year and add to that you cant even get your mortgage balance displayed online. Annoyingly you can get the "useless" mortgage current account shown online which just adds to the frustration. Even in the bank they can pull up your mortgage…
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selling an endowment
Hi all we currently have a with profits endowment. We have been advised to sell it rather than surrender it. We have had it for 18 years now and we have paid 10000 into it. The surrender value is 18000. It is not going to reach 38000 in 7 years. We dont know whether to cut our losses and sell it. How do we go about selling…
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Survey
I am in the process of buying a property. Just curious is there any disadvantage of using the mortgage lenders surveyor to do additional home buyers or structural survey. Also I have put in an offer for this property and the estate agent says it has been accepted but they want to know who is going to do the survey on top…
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purchasing a survey report
I was accepted on a remortgage with a mainstream lender, survey done and it advised a Structural engineers report as there was evidence of movement, some which may have been progressive. I obtained a Structural report and these confirmed all movement was longstanding but within a 12 month period test the front drain and…
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Joint mortgage with a default?
Me and my partner are looking to get our first home, house is £139,000 and we have 15% deposit so mortgage would be around £118k. I earn approx 24k she earns approx 22.5k We both have car hp agreements, mine at 122 p/m and hers at 182p/m. We have a loan at 110 p/m which ends in 12 months. I also have approx 2k on interest…
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Mortgage top-up
Hi I'm just wondering if lenders look for evidence of income and / or do a credit check if you are applying for a top up on your mortgage. I've a mortgage and a secured loan on my house, different lenders. I want the top up to clear the secured loan (currently 10% apr:(). My credit history isn't pretty but I've been making…
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1st time buyer wanting BTL...
Hey folks. I'm finally in a position to pay a 10% deposit on a house and it so happens that I could buy my mothers house for £100k if I can get a mortgage. I believe my circumstances are suitable for the mortgage and I'll even manage overpayments (I must talk to a broker about this). My question is whether I can get a…
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FTB looking for advice
Hi guys, I have a deposit of £30000, and a salary of £27040. My credit is perfect (never had a credit card) and the only 'debt' I have is my student loan. I went into HSBC yesterday just to see what they would lend me, thinking I had done my research on the net and I would probably manage to get just enough. They said…
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zurich endowment ? 7 years left need advice
hi we have a zurich with profits endowment its at 18 years and has another 7 left ,weve put in 10,000 it stands at 17.950 not a good return should we cash it in and put it towards paying of our 50,000 mortgage.also is it worth looking at selling it or surrendering it to zurich?:huh:
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Title Deeds Advice
Hi, I'm in need of some advice....... Myself & my partner (we're not married but we have a 17 month old baby together) are just about to buy our first propert together (yay) we've had an offer accepted & we're looking into mortgages. Trouble is my credit history is terrible so the mortgage will most likely have to be in my…
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Any pitfalls in paying money off mortgage
Hi all, I have approx £33k left on my mortgage, split £20k interest only for which I have an endowment, and £13k repayment, and there is just over 6 years left to go. I am in the lucky situation that I have about £4k sat earning about 3% interest, less tax, and I was thinking it would be better to pay this off the mortgage…
