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remortgage questions
Please can some explain to me about getting a remortgage. I think I understand about it, but I am a little unsure. I have a mortgage of £35,000 and a secured loan of £15,000. So if I am looking for a remortgage I would need to look at borrowing £50000. I then need to look at how much my house is worth to see how much…
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Stay of lifetime tracker or move to 5 year fixed rate?
We've currently got a mortgage of around £121000. Our current deal is a lifetime tracker at 2.77%. Should we move to a 5 year fixed at 3.5%? Are deals going to get worse? Or should we stick to what we've got and hope for the best. If we switch, it's an extra £60 per month, but without the uncertainty.
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Euro Mortgage - should I pay off ?
Hi, I have got a euro mortgage for a property in Spain that I bought in 2005 when the interest rate was 1.45. With all the uncertainty regarding the eurozone should I consider paying the bulk of the mortgage off now with my life savings or am I mad to consider throwing good money after bad. I transfer sterling funds on a…
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Letter of Complaint Halifax Unanswered
Looking for some advice re my mortgage. I have sent a letter of complaint, twice, to the Halifax and they have not answered me. I sent it in August and then again in November. I felt it was a significant complaint but they obviously don't. Would my next step to be send to the financial ombudsman.
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BTL with less than £20k salary - IFA view reqd!
All Wife remortgaging her BTL, but is hitting a brick wall as her salary is <£20k (she's part time on 2 days week so around £17k). If she were to add me onto the mortgage, there'd be no problem as would obviously exceed that threshold. Her BTL is <50% LTV, and her rent is at least double the monthly mortgage payment. Seems…
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Buying a house from my parents
My parents own two houses, a main house which is worth a bit but my father is wants to keep and work from. They have another smaller rental property. They want to buy a place in a small village to retire to while retaining the main house, the idea is they will sell the rental to pay for this. (my mother would sell both and…
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10 or 25 year mortgage
Hi I have a small flat that my wife and I live in, we bought it in April of this year for about 180k, as no banks would lend us any money we bought smaller than we wanted and had to whack down a 25% deposit. This has meant that we now owe after overpayments about 100k (after 30k building work property is 200k+), we are on…
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Please someone help!!
I would be so grateful if someone could help or give me answers on this situation that I am in ...... 3 years ago we bought the house we are in with a 5% deposit meaning our mortgage is £79,000 We are desperate to move, was looking at part exchanging for a new build until we found out how overpriced they were and needed a…
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Having a dumb blonde moment!
Ok having finally decided on a mortgage rather than a loan, and getting the totally fee free flexible on I wanted, I have borrowed 14k to pay back over 10 years, its a tracker mortgage, the interest rate 2.59% from memory, my intention was to pay every penny I could into it, to get it paid off in three years, buuuuuut I…
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mortgage application advice
6 months ago i moved in with my girlfriend to help save money and get the deposit together for a house which im now ready to do...i put my name on the electoral roll as soon as i moved in... all im thinking is that my name isnt on any of the bills and alot of banks ask for the latest bill which i havnt got,is this a…
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Alliance & Leicester transfer of equity
Hi, Does anybody know how much Alliance & Leicester charge for a transfer of equity on a mortgage? Are there any additional fees for legals?
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Dropping to a SVR but lenders figures don't add up
Hi all, I've been on to my mortgage lender to check up when my current fix ends(end of january).I'm currently paying £427 a month on £58k for 18 years on a rate of 5.89%.My lenders SVR is 2.5% which i qualify for. Here's the part i don't get,they've told me my repayment part of the mortgage is £135 a month roughly leaving…
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to save or invest?
My partner and I recently moved out of a 1-bed rented flat in London and in with some friends to save money towards a deposit for our first home. We're now able to save about £1,400 per month (altogether). We have to buy in London due to work commitments. We currently have about £12,000 saved towards our target of £40,000…
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sav
My partner and I recently moved out of a 1-bed rented flat in London and in with some friends to save money towards a deposit for our first home. We're now able to save about £1,400 per month (altogether). We have to buy in London due to work commitments. We currently have about £12,000 saved towards our target of £40,000…
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Paying off negative equity separately
Hi, I was hoping from some advice if possible from people that may know better than me! Bought a house 4 years ago with my (now)ex-girlfriend - 40%, with a housing association having 60%. 2 years or so ago, we split up - since then we've had an agreement that suited us both - I rented elsewhere, she had first a family…
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Santader/Shabbey ERC-claiming it back
I redeemed my existing mortage on my old house for a buy-to-let mortgage with a difference mortgage provider. The only downside was that I had to pay 3% ERC. However, it was indicated to me that if i completion on my new house was within 3 months and "ported my mortgage" deal across I would get this refunded. I have done…
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End of fixed rate mortgage but made redundant
Hi I am new to this site. I lost my job this year and couldnt find another one so I had to set up as self employed. I'm managing to cover all my outgoings and I've got some savings for emergencies so I'm ok. I also have spotless credit rating and no loans/credit cards. But I'm on a fixed rate mortgage which ends next year…
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Moving to Fixed Rate Mortgage?
We have £65,000 outstanding on a house we bought 5 years ago for £185,000. Our mortgage is with the Stafford Railway Building Society on a 3.49% SVR and we pay £560 pm with 12 years remaining. With the news that mortgage rates could well go up in the near future would you recommend that we hop onto a fixed rate mortgage? I…
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Lloyds TSB standard variable rate question
Hi, I have a Lloyds TSB mortgage which was taken out prior to 2010. When our tracker ended last year we had the opportunity to go on to their standard variable rate and because we were customers prior to 2010, the rate was/is guaranteed not to go above 2% higher than the bank of England base rate. After reading the…
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Buy-to-let offset
Can anyone tell me if it is possible to get a buy-to-let offset mortgage. Have been speaking to a friend and have just discovered the has 39k mortgage on a buy to let property and 65k in savings which he isn't using! Thank you.
