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Britannia/co-op exclusive mortgages
I'm looking for a mortgage and the Britannia/co-op have 5 year fixes at 3.39% with £999 fee, or FEE FREE if you transfer your current account to them for the duration of the mortgage term This sounds like a no-brainer but is it really that simple to do? The last thing I need while trying to buy a house is complications…
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OWN A FLAT? Leasehold Enfranchisement
If you live in a block of flats like I do then why don't you look at buying the freehold intrerest in them? Or at least extending your lease? Many mortgage companies won't look at flats where the lease has less than a specified number of years remaining. I have recently been part of long leaseholders where I live who have…
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Mortgage payment date
Hi - my brother in law and sis just got a new mortgage. Would they be able to change the payment date from the 1st until after they got paid (27th?). they are with the Halifax bank Thanks
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Remortgage after divorce
Hi everyone. I've just been through a divorce and as part of the settlement I'm keeping the house (worth £380k) but need to remortgage for £160k in the short term to release some money to my ex. The trouble is, despite having a lot of equity in the house, things are going to look very bad when lenders assess me for…
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Taking over mortgage
hi there just looking for a bit advice. Seperated from ex in July, im still living in the family home but m/g is in his name. I am hoping to take over the mortgage in the new year if possible by applying for a mortgage on my own. My question is, he has a secured loan against the house, again in his name only - does this…
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Shared Ownership Mortages
Hi, I'm not sure if I am correct, but has anyone else found that the interest rate on Shared ownership mortgages are far way above any deals that are currently available! I am on a 5.6% rate! And there i was thinking this was an initiative to get people back on the mortgage ladder!! Anyone else found this problem?
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Remortgaging with second charge on property
Hi I have been trying to remortgage my home since July , but have been knocked back several times, I am now desperate as I seem to have tried everything, the problem is I when I first bought the property 6yrs ago we found a government backed scheme in which they paid 25% deposit in order to help first time buyers, this…
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Consent to Lease / Buy to Let
Hi, I have a reservation on a new property and have the intention of renting it out for a while before living in it myself. I am looking at different mortgages and want to avoid having a Buy to Let mortgage due to the higher rates and startup fees as it doesn't seem worth it for only the relatively short period of time…
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Good time to get a mortgage?
Hi, Im hoping to get some views on whether I should get a mortgage. Me and my partner have £37.5k in savings and earn around £40k combine salary a year. People keep saying now is the best time to get a mortgage, is this correct. I appreciate its probably not a yes/no situation but any views/experience would be greatly…
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mortgage offer is it any good? or is there better out there?
Hi all After some advice as to if this is a good mortgage offer please as will be honest i have no idea if it is or not, i have been looking at various different mortgages. Need a £38,500 best deal have found so far is 20yr payback at £250pm The mortgage financial adviser has found is: Amount of loan required £116,250.00…
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TMB Standard Variable Rate increase etc - can I surrender the property?
I have today received a letter from TMB advising me that my buy-to-let mortgage will be increasing to a rate at 4.95% from Jan 01st 2012. (The mortgage was a 5 year stepped tracker). I know the FA's out there will be screaming the same "youve had the good times...." etc etc and I accept that, but wonder if anyone could…
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LIBOR rate increasing
Hi guys, does anyone know what it happening with Libor, when i took out out mortgage in july 2007 i was self employed and they based it on LIBOR rather than BOE, we had a 3 year fixed rate of 6.2% that ended July last year, we then dropped to 2.45% above libor, obviously this dropped our payments substantially but it was…
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Mortgage lender penalty if I change insurer!?
Hi, I feel our mortgage lender is being a bit unfair on this one. We've got a long term fixed rate mortgage (another 7 years to run) at 4.99%. Our buildings and contents insurance is supplied by the lender at £35 per month which is very expensive at £420 a year, considering shopping elsewhere we can get it closer to £10 a…
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Offset BTL mortgage??
Does such a thing exist? Or are offset mortgages only for normal residential mortgages? If I wanted to raise some money from a house I own, in order to be a cash buyer on a new house, it would be best if I could arrange the mortgage in advance, but only pay interest on the money for as long as I actually need it. If I…
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Guarantor Mortgages
Hi All, My partner and I would like to get a mortgage. I'm am a no-go as I have only been discharged from an IVA for a year and would therefore need a huge deposit (we are first time buyers). We have a deposit of 10% and we think my partner has an ok credit record. His parents have offered to go guarantor for him and I was…
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Help and advice needed
I need some help and advice on my mortgage. Unfortunately I have been unemployed for 5 years ( I am now 63 ) and I am receiving Pension Credit along with my wife’s pension. We were managing quite well until recently when my mortgage company reminded me we only have 8 months left to go on our mortgage. I have no means of…
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My nram mortgage deal is ending
I have a 5 year fixed mortage with NRAM. That agreement is ending in January, do I just re negotiate a new agreement with them or do I have to apply for a new mortgage from scratch. This is my first mortgage and I used an advisor to get this one, so am a bit clueless. Hope you can advise a thicky :rotfl:
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Lender Valuation
Hi, We are in the process of buying (first time). The lender arranged the valuation with their contracted surveyor and the surveyor has given them a value the same as the agreed price (which is good news). I know that valuations can come in under the agreed price but I just wondered if the surveyor would ever give the…
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Is it time for a fixed rate?
We are currently on a variable rate mortgage with Halifax and it is at 3.5% which is great, however with recent news I am concerned that interest rates may start to rise so am wondering whether we should get onto a fixed rate whilst they are as low as they are going to get. However I did have a similar panic in January and…
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Reducing sale price after mortgage offer received
Hi, Just after some quick advice if anyone has been in situation. We are progressing with a sell/buy. We have had the survey done on our new property and it has flagged a problem with the chimney breast being incorrectly supported. We have sought advice on the cost of this and could be in the region of 1000 to 1500 pounds.…
