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Re: Re-mortgage? Current rate 6.0%?!
Currently with C&G on the above interest rate..the rate available at the time.Fixed for 5 years, had for two years. Can we get a loan to remortgage at a lower rate as currently the interest rates are a lot lower and hopefully have fixed for longer? Any advice welcomed..also is there some sort of comparison tool anywhere?…
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Changing Mortgage Repayment Years on a Variable Rate
Hi all, Hope you are all well, even if the weather is a bit pants :p I'll try and make this brief. We had a fix rate mortgage for 5 years over a 30 year term. After that fix ended, we stuff with our provider (Nationwide) on a variable rate, because at present it is only 2.5% The plan was never to keep the mortgage on a 30…
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Problems removing name off joint mortgage
Hi all, I really hope there is somebody on here who can offer me some advice. My boyfriend's aunty split from her boyfriend about 6 years a go and was unable to take on the mortgage in her own name. My boyfriend wanted to move out from the property he was living in so he went on the mortgage with her and paid his aunty…
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Deed of trust calculation
Hello all, My fiance is going to come onto my mortgage with me. I have 118,000 outstanding on my home. It's worth 150,000. I am going to have a deed of trust made up and was wondering what calculations to use to protect this equity. Thanks in advance
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Transfer of Equity - help please!
Hi I'm currently in a joint mortgage with my ex and we have mutually agreed that he buys me out of the mortgage and agreed on a buy out figure. I've phoned a few solicitors for quotes for me to transfer the equity to him but have been told he needs to do the same. Is this right that we both have to pay out for the the…
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Seperated from husband and mortgage
Hi I seperated from my husband at the end of July, he is not paying towards the mortgage, which i know he should, but he wont be able to pay maintenance and rent etc if he did, the split is amicable and i am fine with it, I have not told the lender yet, what will they need to know? I am on a good wage and the mortage is…
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Virgin One Account - Change to T&C's - Banking Code
Hi, With my September Virgin One Account statement I received a change to the terms and conditions which reads: Condition 13 has been amended and now reads as follows: "The Banking Code" is no longer in force." I tried googling "The Banking Code" and didn't find much information. It looks like it's been replaced with "The…
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Benefits & mortgage
I'm just starting the ball rolling to buy a house and get out of rented. So far when talking to lenders / brokers etc I have used my income and that should be sufficient financially. Following a massive family trauma my wife gets DLA and IB and will not work for the rest of her life. Whilst I am not planning to offer these…
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YBS Question
Hi all, Been speaking to broker and current provider (santander) as fix comes to an end soon. However I spotted a deal I liked with Yorkshire Building Society. Anyone know what they take into account as income. I have my full time wage, child maintenence (no court order / csa but have written agreement and bank statements…
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Nationwide Save to Buy Mortgage
Hi there, I am in the process of saving to buy a house and have been part of this scheme for about 5 months now. I was wondering if anyone else was saving through this scheme or had applied for a mortgage through this scheme as yet - and if so what were the interest rates offered? (my branch still has no idea of the…
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Job change after mortgage offer
Hi, I never thought I will be asking this after the Mortgage Tornado I had gone through. But I have just had a very[STRIKE][/STRIKE] good job offer that I am considering. Here is brief story - Mrs and I applied for joint mortgage with Halifax under shared equity scheme. Got accepted on 10th working day. We are due…
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Money being taken without Authorisation
I am not sure if this is the correct place to stick this in fact I’m pretty sure it isn't but couldn't find anywhere more appropriate. In summary myself and my GF are in the process of buying our first home, then agents were with fox and Sons, after viewing it we were advised to see their mortgage advisor, we went and saw…
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Sale on hold after halifax withdrew in scotland after missives!!
We've been selling our house near edinburgh for nearly a year. finally a month ago we got a buyer, less than we wanted, but a tidy sum. yesterday my solicitor mailled to say the missives were complete and a binding contract now exists (so I have that in writing). Today he phoned up and said Halifax had withdrawn the buyers…
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Mortgate - low rate for 2 yrs or lifetime tracker?
Hi I'm looking for a mortgage at 80% LTV. I've found a good deal at 2.5% (discount mortgage), but after 2 years this springs up to around 5.5% Alternatively I've found another deal through HSBC which is a lifetime tracker at 2.5% above base, so currently 2.99% (no exit fees, no min tie in) Over the 2 years, the 2.5% deal…
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First time buyer in 3 years. am I taking the right steps?
So, I'm thinking of buying a house in 3 years time when my Sare Save scheme with my employer (BSkyB) pays out. expected about £10-15k return. Also saving money in an ISA but thinking of moving it to a fixed term bond so I wont touch it before the 3 years is up. My question is, can I do anything more to improve my chances…
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Applying for a mortgage whilst on a sabbatical
Hi there, Myself and my OH wish to apply for a mortgage to purchase a property at £450,000. We have a 40% deposit. I don't think we would have a problem ordinarily as we each have an income ivo £50,000 p.a. However, I have just started a two year sabbatical - will be totally unpaid for the next 2 years but I am guaranteed…
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Using home as equity on new mortgage
Hey folks! My sister and I inherited our family home following the passing of a relative a few years back. It's been about 6 years now and as my sis now owns her own home (married 2 kids mortgage - living the dream ;) we have talked about using our family home as collateral on a mortgage. I have since moved from N. Ireland…
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Repayment Mortgage Interest Loading?
So someone was telling me the other day that if you have a repayment mortgage, the first years of the mortgage you pay more interest than capital. As the time passes, you being to proportionately pay more capital in your monthly payments. This woudl suggest that the repayment mortage is typically 'loaded' so you pay back…
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motgage payments
When I pay £50000 off £65000 mortgage will the remaining £15000 payments go down. I have 18 years left.
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Getting a mortgage
Myself and my partner have found a property we want to buy but not sure if we will get a mortgage. The property is £65000. I work full time and earn just under £12000 and my partner became self employed 6 months ago. We have a guarantor and a 10% deposit which we could stretch to 15%. We also thought about getting a buy to…
