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Bank of Scotland base rate rise
I've just got a letter from RBS telling me my fixed rate mortgage will be going up by roughly £100 a month. They're saying the standard variable rate is going up from 4.84 to 4.95% despite the Bank of England rate staying the same. At first I couldn't understand why this applied to me as fixed rate customer but I think…
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Endowment Dilemma
Can anybody advise re our current (if unexpected) situation? We have an endowment that matures Oct 2012. The target value was £27K, on our recent statement the surrender value was £32,300 the projection at maturity is £34,300. The maturity value is based on the current final bonus rate which is liable to fluctations -…
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we claim you gain
Hi I recently had a phone call from the swansea firm WE CLAIM YOU GAIN, its the usual ppi etc. They do all the ground work but claim 25% if i get anything back, have anyone used this company before? They are not asking for anything upfront just the 25% of whatever i get back, is the percentage they want an average of what…
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Fixed for life of mortgage?
I am a first timer so probably have this wrong. I thought on the weekend I saw a mortgage offer (on MSE/Moneysupermarket/USwitch or some comparison site?) which was 2.5% fixed for 3/4/5 years then fixed at 5% until the end of the term of the mortgage. Did I imagine this as I can't find it now? Maybe I misunderstood? :[ Do…
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A&L (Santander) Mortgage application complaints.
Afternoon all. I was just wondering if anyone can give me a bit of advice, with regards to how I would be best advised to go about making a complaint to Santander regarding a Mortgage Application I have in progress. It is going to be quite a detailed, in depth complaint (my notes from dealing with them currently span over…
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Paying The Mortgage Product Fee?
I'm just wondering if anyone can shed some light on this. My husband and I are going through the stages of purchasing a home. Our mortgage provider issued the mortgage offer on 6th October 2011. All was fine and dandy. Then today I receive an amended mortgage offer issued 14th October (all of the details and figures look…
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Can i be a 1st time buyer again?
Hi Me and my wife (before we were married) used to own our own houses, bought 1st one in 2001 and then moved in 2002 and sold up in 2005 (the house was jointly owned with both our names on the mortgage). We took the equity in July 2005 and went backpacking round the world for a year :D Since we returned we have been…
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Information please
Hello, Recently used the mortgage adive bureau to get a mortgage which is fine however unfortunately we have now found out that there were more condition on the process then we were lead to believe. They asked you to sign a fee agreement, we thought this was ok as they claim a fee from the mortgage provider. We have now…
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Debt Management Plans and Mortgages
Hello! I would really really appreciate some advice from someone in the know about my situation which I will do my best to summarise below... Myself and my partner have a combined salary of £50k and have plenty of spare cash to save/pay mortgage payments, I have no worries about affordability We have a £6k deposit saved…
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Mortgages & Scottish trust deeds question
My current mortgage term is due up come November, my broker who i have used for the past 5 years states that due to me not being fully discharged from my trust deed 6 years it still has a detrimental effect on who will offer me a mortgage thus any offer would be higher than the norm out in the market. Can someone clarify…
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Buying a second property with a partner
Hi all. I was wondering what is likely the best LTV in the market I can achieve based on the following: - i have a mortgage in my own name for about 15 months; am UK resident - i have a partner who has leave to remain in the UK through a partner visa - we are interested in buying a new property which would be let out to a…
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Single name mortages
Hi, would anyone be able to help me out with some information. I'm currently in the middle of getting a divorce & I am living in the family home. My wife moved out 2.5years ago & as of that time I've paid all bills associated with running a house. My wife is happy for me to keep the house but Northern Rock are telling me…
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removing charge on deeds - mortgage repayment
Hi We're in the happy position of having recently paid off our mortgage with the Halifax. Received a letter today to that affect however the following has taken some of the shine off "Our interest now needs to be discharged by the Scottish Land Registry. Please engage a solicitor to act on your behalf if you require the…
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!4000 Bank of Ireland Mortages acquired by Nationwide
On the face of it looks fairly good news for some Bank of Ireland mortgagees. http://www.ftadviser.com/2011/10/17/mortgages/mortgage-products/nationwide-acquires-boi-s-uk-mortgage-portfolio-MbXzyFN1GCpfBhbNRvWeLL/index.html Actually being acquired by The Mortgage Works which is a Nationwide subsiduary, but it may open up a…
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Can my wife and i take her mother off the mortgage
I and my wife are currently renting a house with our two children aged 7yrs and 3yrs, my wife before we meet took out a mortgage on a two bedroom house with her mother because her mother is due to retire and live with my wife’s grandmother and due to the fact since we had the children my money is used to pay half the…
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A little advice please.
I currently own a house with no morgage that I rent out. It is worth £75,000. I live with my parents. The house is not in a very good area so i dont want to live there. I do have a good tenant who has been there since I got the house about 3 years now. However she wants to move as its not a nice area. My plan was to…
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How long is a three year mortgage.
Hi Coming to the end of a ridiculous 3 year fixed of 7.49 interest only. Only noticing in paperwork now that our mortgage term seems to be slightly over 3 years, or so it seems to me. We made our first payment plus other interest on 14th Nov 2008, then another at end of Dec 2008 and at end of each month since then. Now…
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Income multipliers or actual affordability?
For us, FTBs income multipliers arent great and we cannot get what we want. However in practice (a few lenders) will lend us what we want - just about. What we want over 30 years is approx £100 a month more than we pay now in rent and we will still have over £500 a month leftover to spend each month after all expenses when…
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Mortgage for bad credit
Hi Can anyone give me an idea as to what sort of interest rate would be offered for a mortgage through a company that deals with adverse credit? I appreciate its a very individual thing but are we talking 8% or 28%?!? Thanks
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Where to 'keep' £50k
i have £50k i want to put aside and have relatively easy access to. 30 - 90 days notice is OK what is the best place for this cash to be safe and give a little return - i dont have a mortgage & not interested in long term stuff or shares:wink:
