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2y trackers tell me where wrong
Hi, Background I am a First Time Buyer. Not a mortgage expert. Got my offer accepted, Need to progerss fast as seller wants it fast and I wouldn't want to loose it. It's 250k and I have 25%. Have acc at Barclays since long, already discussed things so this would be the fastest. My choices a) Woolwich 2y tracker @ 2.68%…
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3 year or 5 year fix?
Hi Got an offer of 3.59% for 3 years and 4.49% for 5 years on a 20% LTV. My thoughts have been to go for a 5 year fix but the rate is more attractive for the 3 year fix....I'm confused. Anyone got any thoughts re: possible perils of a 3 year fix?? Thanks in advance.
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Keeping mortgage deal when moving house?
I'm very clueless when it comes to mortgages and re-mortgages Currently we are on a lifetime tracker at 0.29% above base rate with a floor of 2%. So currently paying 2.29% with a 54% mortgage. We are thinking of moving and we would need to borrow another 50k or thereabouts. Is it possible to move, borrow more and keep the…
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ING Direct Valuation
I have secured a mortgage AIP with ING Direct. Can I ask them to do a valuation on a different property to the one which I had put when making the application as I am now in negotiaton for the property I am currently renting?
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Best 2 year fixed deal?
Hi - I'm posting on behalf of a mate who doesn't have internet access. He's just had an offer of £80,000 accepted on a flat and wants to know about good mortgage deals (don't think he wants to make overpayments) I'm with First Direct and reckon that might be a good bet. Thanks for helpful advice.
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Has anybody managed to obtain a morgage after defaults have dropped off your credit f
Hi folks I had 3 defaults which I settled eventually. They are all due to drop off my credit file after February 2012 when the six years are up. I am looking to go on to the mortgage with my girlfriend. or buy a place together. Can anyone who has been in the position of having defaults drop off and then having a clean…
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Halifax suddenly forcing me to 'consent to let' product !
Hi, I wondered if anyone can help me. I have a property which I bought 15 yrs ago and have been renting out for the last 11 years for which the Halifax gave me permission. Today I received a letter to say I have to re-apply for their consent and transfer to one of their consent to loan products. This means my rate…
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First Time Buyers - One Poor History - 20k Deposit
Hello there, Thanks for your time and advice if given. Myself and my partner have recently applied for a mortgage and were turned down because of my partners credit history. She missed two payments 4 years ago both roughly around the £300 mark, both have been paid off however but still remain on her history and will do so…
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Mortgage with Debt
HI All, I would appreciate some advice. I would like to get a mortgage for a house in the area. Is it worth me going through the process if i have outstanding credit card debt? My debts are not defaulting in any way but it is there against me. Please let me know.
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Aaaaaah halifax
Hi Have been having fun and games with halifax, I had signed onto a 3 yr stepped fixed rate, but had misplaced the paper work so was unable to check what the rate was going to be in November. I rang them up in June and was told that I was going onto SVR which I just ignored as was wrong(signed up for 3 years to end Nov…
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Taking mortgage on in own name following separation
Hi all, I've recently separated from my husband and he has agreed to sign our house over to me (after I have paid out his equity). How would I stand with the mortgage in this situation? Obviously, I would need to contact our lender, Abbey, but I wouldn't be able to afford all the expenses of running the home on my salary…
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Three loans in one - cheaper to lump together? Advice appreciated
Not sure if this is the right place to post this but here goes.... We have a Santander mortgage in three parts: £86,000 owed, repaying @ 4.24% £158.17 capital and £305.63 interest every month £38,667 owed, repaying @ 4.24% £70.70 capital and £136.62 interest every month £23,859 owed, repaying @ 4.23% £43.92 capital and…
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Overpay NRAM Interest only mortgage?
I have 20yrs remaining on an interest only mortgage with Northern Rock Asset Management. In addition I have an unsecured repayment loan with them. I am unable to re-mortgage with any lender as I no longer fulfil their lending criterias. ( although monthly funding is not a problem ). My objective is to pay off my mortgage…
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What to information to take to a Mortgage Broker
I have an appointment to see a mortgage broker. (i will be a first time buyer, so have not experience this before) What kind of questions are they going to ask and what information will they need? / how much detail? * an income/expense statement? * Net Worth sheet? (breakdown of assets..savings/investements etc and…
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Northern Rock to First Direct, should I?
Frequent lurker, apologies for the 'looking for free advice' first post. I currently have a mortgage of £128,100 with Northern Rock (£101,300 secured - £26,800 unsecured) and pay £862 a month on a repayment basis with 18years 8months remaining. The rate of interest is 4.78% for both secured and unsecured. This is their…
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Mortgage advice needed please.
Hi all I have an outstanding mortgage of about 31k on my 3 bed semi which has just been valued at £105,000, we will probably get around £95k so we will work with that figure. I have around 7-8 years left as I am overpaying a bit. We have now seen a house which we have fallen in love with and have been told that we could…
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Do separate Valuations by EA's and Lender match?
How correct are the valuations done by EA's and are they normally closer to the valuation done by the lenders?
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Most lenient Lenders 2011
Hi, I've seen a house in need of repair, but with the basics (habitable) and have made an offer. I was just wondering if anyone knew who the most lenient lenders are in 2011? I have only gone to my bank as i know i have a good history with them, they have on the basic affordability offered me slightly less than i need, i…
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mortgage after repossession
I'll try to be clear with my details for you in order to help with my query. Both my husband and I were bankrupt in 2009 and subsequently we lost our home because at the time it had equity in it and the receiver needed to use that to pay their fees/creditors etc. We're now two years on and was wondering about the future.…
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Shall I pay £20k off mortgage or buy a car?
Hi, just a quickie. I have just inherited £20k. I need a new car as my first child is on the way looking to spend £12k. However Im due to remortgage Nov next year. Am I better to get a loan at 6.9% to buy the car and use the £20k to try and get a better mortgage rate? or Am I better to buy the car outright? Thanks
