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Major property problems- what are the options?
Hello, I am pretty new to this forum, but as it is all quite anonymous, I feel I can kind of spill my friends problems out here in the hope that someone has some advice they can offer. Basically she bought a property (1 bed flat) for around £75k 4 years ago. At this time she already had a bit of debt, which gradually got…
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Length of time to process remortgage (with Accord): are we being messed about here?
Hi I will try to keep this as simple as I can, if you'd like more info, please let me know. At the end of July, we saw a house we really, really wanted. We had just sold one house (long story) and were porting that mortgage over with Nationwide to the new one. Maximum they will lend us is 85% because we have another…
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Any know of a resource of actual mortgage interest rates?
I have found this resource on the BOE website http://www.bankofengland.co.uk/mfsd/iadb/Repo.asp but wondered what the actual market prices were, not the BOE base rate. Any where I can see this online anywhere? Or is it just advisable to slap a 3% on top of these base rates to get the standard high street bank rate.
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Santander flexible mortgage query
Hi all I have a Santander flexible mortgage on my current home and am thinking of selling and moving home. The new home I wish to buy is a lot more expensive and so I will need a bigger mortgage. I am currently on a very low rate (0.5 above base rate) and so would like to port this mortgage across. The only thing is that I…
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Second opinion
Hi! Me and my partner are looking at buying our second home... moving up from a tiny terrace to a more appropriate 3-bed detached, built 2004 and in superb condition inside and out. The property we are interested was on the market for 200 just last year and I've made an offer for 145 which is accepted as the people need to…
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Mortgage Condition
Incorrect info
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Mortgage interest
I have my mortgage with Halifax and I can see the amount when I log on to my online banking. My mortgage DD is on the 1st of the month but always I see on the 1st that my amount owing has increased from the day before and a couple of days later it is then reduced. My agreement says my interested is calculate daily but is…
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Moving house
Hi, can anyone help with this one... I am currently paying my debts off via PayPlan, I have the chance of a new job but it will mean relocating to another part of the country. Obviously I will need to sell my house and buy another, what happens with my mortgage ? Will I be able to get one? or can I swop houses and keep the…
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Overpay Interest Only Mtg or switch to Repayment?
Hello! Quick question for you. £65000 outstanding on an interest only mortgage. (12 yrs left) Interest Rate 3.5% SVR (Can overpay as much as I like). Current repayments £300 per mth (this is not the exact figure btw) If I overpay by £200 per mth, making a total repayment of £500 per mth (and guarantee that I will always…
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Not enough credit history at current address so no mortgage. What can I do?
Hello My first post, but in dire straights and I need your help! My Credit history is very good, but I have been living in a shared flat for three years. As it was shared I had my credit cards etc sent to my former secure home address (my dad's!) so therefore the banks are saying I have a bad credit rating, even though I…
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HSBC The Worlds Local Unhelpful Bank
Hi, New here and advice or comments welcome please. My now ex-wife and joint owner of our house vacated in February this year also ceasing any joint liability payments, mortgage, insurances, etc. I could not afford the repayment mortgage on my own and as she refused to contribute anymore, I contacted HSBC and after hours…
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probably dumb valuation question
Hi, I will probably have a mortgage valuation for house I buying from my ex-husband in the next 2 weeks. The guttering at the front had a hole that was seeping down the stone-work underneath the waterproof paint causing the paint to blister and crack. I've mended and re-painted the cast iron guttering. I've stripped off…
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Mortgage advice for first time buyers
Hi everyone, I'm hoping someone can give me some advice if possible, apologies in advance if this is a rrreeaaalllly long thread. No one really gave us much advice when we were trying to buy a house, we put an offer in for a flat on Saturday and the offer has now been accepted. We'd originally been getting our mortgage…
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Nationwide withdraw interest only on shared equity & amend non-eea criteria
Just a heads up to those advisers (and interested parties) who have not yet been contacted by NWide on this. Main details as per issued press bulletin:- "Nationwide will no longer lend on an interest-only basis for shared equity mortgages as part of a number of changes to its shared equity criteria. Further change in that…
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New build, Devalued, Vendor not coming down to new offer.. Any advise?
Hi all Can someone please help. I have had quite a month back and forth with the agent, my lender and the surveyors . Me and my partner are both first time buyers and looking to find a flat in London. We did eventually find a new build which the vendor has refitted a new kitchen and the bathroom is done well compared to…
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Remortgage fully paid for property
Hi All, My Father has transferred me a property worth around 70k. I would like to release money to use for a deposit. Currently my Father resides in this property and I see no monthly income. What would be the best mortgage to use and also would I have to get a buy-to-let mortgage? Cheers
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Nationwide: house prices edged lower in August
This is the discussion thread for the following MSE News Story: "House prices fell slightly last month but the market is relatively stable, the mortgage lender said today ..." Read the full story: Nationwide: house prices edged lower in August This thread is not in the 'discuss house prices and the economy' board as that…
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1st Time Buyers Mortgage Application - Deposit is a gift we don't yet have
Hello! My partner and I are looking to buy our first house and are currently waiting on Yorkshire Building Society to get back to us about our agreement in principle for their 3.49% 5 year fix deal on 75% LTV, as we are fortunate enough to have parents in very comfortable financial positions who have very generously…
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Mortgage Verification Scheme launched.
Continued: http://www.cml.org.uk/cml/media/press/3039
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switching from interest only to repayment
I currently have an interest -only morgage and i want to switch back to a repayment one ( the morgage was originally repayment but i went interest only when times were tough ) , will the morgage company simply just let me go back to repayment or will they have to do credit checks & a morgage application ?
