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How will my overdraft situation be viewed by lenders?
Following a period of unemployment earlier this year I ate well into my agreed OD facility and am only now able to try and reduce this as I'm back in work. Our fixed deal with Nationwide ends in Jan but on paper I am always 2/3rds into the agreed overdraft.I will mention that I have never gone over my agreed overdraft…
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Fixed rate ending - cannot refix as under £25k
My Fixed rate of 3.59% finishes at the end of this month & as the balance will be just under £19k Natwest said I wouldn't be able to refix as thats only for mortgages of £25k& so I will go onto their SVR which is 4% at present - I wouldn't have wanted to refix straight away as next April our original endowment matures &…
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If your bank goes bust, what happens to your mortgage?
In the light of a number of UK banks (12 so far) having been downgraded by Moody's, what happens next? Last time RSB etc were bailed out, working on the too big to fail basis. But what happens this time? Osborne suggests that bail outs won't happen in the future, but if the Bank of England doesn't step in to bail them out,…
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Is this right?
Apologies if I am posting this in wrong section. I am buying a new build in Basildon area, and we have been told by the developer that our front door color will be RED !!!! When we inisisted on changing it to something else, we have been told that - "The color is a part of planning permission and council chose that" ? To…
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mortgage for over 65
Hello, Are there any lenders that are ok to provide mortgages to over 65's? Thanks.
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Mortgage offer valid without job?
Hi. I wonder if someone could confirm for me.... If I get an offer for a remortgage, which I gather is valid for three months, but I become unemployed within the offer period (before I have accepted) can I still accept the offer or will the mortgage company withdraw the offer? Repayment isnt an issue, even if unemployed,…
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lump sum
£65000 mortgage can I pay off £50000 in one go
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Daily interest vs annual interest
Spoke to my mortgage lender yesterday to confirm my balance, during the call they asked if I'd like to switch my mortgage from annual interest calculation to daily interest calculation, no fee involved. Now I've always assumed that daily interest calculation is better, but I start to worry when financial institutions offer…
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Prudential WP Endowment Advice Please
A bit of advice if possible, currently a Prudential with profits endowment holder, with 9 years left to run. The cover value is £45k and its value today is £21k. We now have no outstanding mortgage, and have only really been keeping it going for the life assurance cover. With it costing us £90pm and with an impending…
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claiming back
I had a mortgage with the RBS about 12 years ago and was told I could not get the mortgage unless I paid extra for life insurance or something similar I still have all the paper work or have I left it too late to claim anything back? Can’t remember how much I was paying But I think it was in the hundreds per month.
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What classes as income for morgage purposes?
This is just a general enquiry. Not personal circumstances exactly, just wondering. I know wages will count as income, and your partners too if you have one. Do things such as tax credits, second jobs, and overtime in current jobs count.
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Variable morgage
Hello, I have a fixed mortgage that ends in november and goes to 3.5%. looking around the best mortgage I can find is fixed for 2 years at 3.55%. I know we can't predict the future but I'd appreciate any advice as to whether to go for this or wait and see if there is a better deal? Many thanks in advance:)
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Coal report
Hi guys, We have an offer from the Halifax for a 170k mortgage on a 200k house, and have gone through the searches with the solicitors, but today, we recieved the report from the Coal Authority regarding mines, which read: Past: The property is in the likely zone of influence from 6 seams of coal at shallow to 920m depth,…
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2nd mortgage for extension
Hi All We have applied for a second mortgage of £25 for an extension to our house which the bank Nationwide have approved. The only problem is they will not release the funds until the extension is built! Which means expecting the builder to do the work before payment. I was wondering if this is normal practice as it does…
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Daily interest rate mortgage
Hi there. I have an offset mortage for the past 3 months. it's daily interest. my repayments are paid in te middle of the month. i was wondering because it's daily interest would i benefit if i changed my repayments to a different time of the month i.e at the beginning, end? or does it make no difference? thanks:money:
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Mortgage Woes
Ok all first post so be gentle... My current outstanding mortgage is for £64,750 fixed until Sep 2013 @ 5.78%. Value of house approx £110k. My main problem is credit card debt. Its hung around my neck for long enough and it stands at approx £30k. However it is all interest free and monthly arrangements in place with all 4…
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Buying house with student son possible?
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MSE News: Interest-only borrowers could be mortgage 'prisoners'
This is the discussion thread for the following MSE News Story: "Many who took interest-only deals can't switch to a cheaper loan because lenders now have stricter qualifying criteria ..." Read the full story: Interest-only borrowers could be mortgage 'prisoners'
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Lifetime Trackers
Are they worth it?
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Looking for a whole of market Bracknell, Berkshire
I am aware of unbiased to search for IFAs and mortgage brokers, but looking to understand how to find recommened brokers as I am new to the area. Are they any good websites for getting real customer reviews of companies/individual brokers?
