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2yrs into 5yr fix, is it worth renewing with better deal?
We are just about to enter the 3rd year of a 5yr fixed rate mortgate (5.99% Natwest First Time Buyer) and due to the prospect of starting a family in the next year or so are looking at our finances going forward to see if we can get a better deal, and also if it makes sense to redeem and remortgage now while we are both…
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Advice needed RE over payment
Hi All, We are looking to overpay our mortgage. According to terms and conditions we are only allowed to overpay by no more than 10 percent of the outstanding balance in the month of January. At least this is the case until 2014 when we end our fixed rate terms. We have approx 35,000 on an interest only (Endowment) basis…
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The pros and cons of mortgage
I have a new job to start in 2012 which pays me 30K a year and I have enough cash saved for a 10% deposit on a house I have seen worth £170K, but I am still in two minds whether to go for a mortgage or just stick to renting, which is what I am used to.. Is going into a mortgage a good thing to do with my money? This is my…
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FTB - Query about credit report
Hi everyone... Just hoping to receive some advice regarding a credit report that I received from Call Credit yesterday. To give some background...myself and my partner are first time buyers and have received a AIP from Halifax regarding a property that we have had an offer accepted on. The purchase price of the property is…
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Staircasing to 100% - complex questions
I've just paid off the mortgage on my half of my shared ownership property (thanks to overpaying over many years and a small inheritance). Ideally I'd like to buy this property 100% and rent it out. I live in my partner's house. But I have no income at the moment having just had a baby. The cost of the remaining share is…
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Pension advice please - aged 22 and clueless.
I currently put into a work pension each month. I put in 4% amounting to around £62 a month. Now my first thoughts are that this realistically isn't enough? I have been paying the £62 a year now and have put away £800 roughly. The employer does not match the amount i put in. I am thinking of increasing it to 5 or 6% the…
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Lenders who will lend on a flat with 10% deposit (not new build)
I am looking to purchase a purpose built flat in a block of just 4, I was going to go with Chelsea BS but I found in the conditions that the max LTV on flats is 85%. Does anyone know what lenders will do 90% on a flat, I have tried looking on the HSBC site for example and can't find the info.
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FTB mortgage query
Hi, My wife and I are looking to buy or first property and have settled on a new build well inside our budget we are currently renting but have been told to leave as landlord is selling property and we need to be out by end of jan 2012. First issue arose when applying for an AIP as my wife's credit check shows a late…
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What would you do? Fixed or variable?
My mortgage deal is ending next month and my provider is offering me these options; 1) Tracker variable rate at 1.99% above BR = 2.49% (pay £769 per mth if BR stays at 0.5%. If BR increased to 2.5% I'd pay £938 per mth) 2) 2 yr fix at 2.83% (pay £796 per mth) - no arrangement fee 3) 5 yr fix at 3.99% (pay £894 per mth) -…
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Lender has no record of our mortgage??
1st off Newbie saying hello. ;) Right to business - we have come to the point with our current mortgage where we want to change lenders due to the discount period ending soon, we are not tied so that's not a problem, but we have yet to have an annual statement off the lender. So the wife phones them up and they ask for the…
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mortgage redemption
If I and my solicitor received a redemption figure mid november and my new lender repaid that amount with completion date 5.12 can my old mortgage lender take direct debit on 6.12. do they have to return the whole amount or can they recalculate a new redemption figure
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Can't complete on remortgage
my friend is trying to complete on a remort, she lives in a house where the houses/apartments on the road were built around 3 years ago, all properties pay a service/maintencance charge to the freeholder. the freeholder has now gone bust snd despite frantically trying to find out who to pay the service charge to, she…
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RBS Mortgage/Valuation Dispute! Looking to take legal action
I currently have a mortgage with RBS of around £530,000! Recently they have put me onto their highest rate of interest (paying around 6%), my monthly mortgage payments are around £2700 a month and am struggling to afford it... They have actually valued my property at £460,000 which is completely and utterly ridiculous as,…
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Mortgage Advice
I am currently in the hunt for my first property and have managed to find one today. I have visited this morning and liked what I saw. So I am now in the position where I dont know what to do next. I have a appointment with the mortgage advisor next tuesday but am worried that this might be too late. The property came on…
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Newbie - Negative Equity Help
Hi guys, Apologises if I've posted in the wrong place but would love some advice/opinions as we're desperate to move. My husband and I bought a house in 2006 for £184k with a 100% repayment mortgage and as it was a new build then spend an extra £10k on extras. In 2009 we then moved to the other end of the country with…
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Negative Equity Trap
Nearly five years ago just before my partner and I met we bought our first homes. After a healthy courtship we have been trying to move in together of over a year now, though we are unable due to a number of issues. My girlfriend bought her one bedroom ground floor flat for 73.5k with a 110% mortgage from what is now a…
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Lloyds selling branches and Intelligent Finance to The Co-op....good or bad??
My mortgage is with IF and I'm currently on their very good SVR of 2.5%. The Co-op have now been announced by Lloyds as their preferred buyer for the Verde Project which is the sell off of lots of branches plus the IF mortgage business. Just looking for thoughts on whether this will be a good or bad thing particularly in…
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Can someone look at my mortgage offer please?
Morning, I’ve found a 2.89% 2 yr. fixed, £499 arrangement fee with First Direct. No fee for overpayments, so I based this on £100k mortgage and £52k deposit. If I then want to shove more cash into it I shall, but for now that seems like the best deal for me. £383 home buyer report. Only thing is bank says it will take 5…
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Abbey Mortgage - Conveyancer waiting for confirmation
Hi, We are re-mortgaging with Abbey through a Financial Advisor. Here is our story so far: Mortgage was offered 14.11.11 The conveyancers sent us all the paperwork which we signed and returned. A condition of the mortgage was that Abbey wanted to see the Title Plans and these were sent at the end of November. New Standard…
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Defaults on credit reports - a success story
Hi all I've been getting some great advice of this website and the forum after finding out I had a default on my credit report which was preventing my girlfriend and I getting a mortgage. I have just had confirmation that the default (which was for a small amount and was settled) has been removed and we are going to be…
