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What to do - advice needed.
Need a bit of advice Work circumstances has changed slightly so temporarily I will have to move back to parents’ house as this closer to work which will make my life easier in terms of travelling back/forth 15miles each way. I would like to know what is best to do: 1. Leave the house unoccupied during the week but go back…
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Fixed Mortgage Rates
Hi All, I see there is already a pthread about the BoI increase in variable rates. We are of course affected by this, and are considering looking around for a Fixed Rate somewhere. I wondered whether anyone would care to post the present Fixed Rates at this time, for quick reference by others, and ourselves naturally?
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Fixed deal ending, increasing house value?
So i bought my 3 bed house as a repossessed bargain in oct '10 on a 2 year fixed deal. The house was in quite a state and in need of plenty of repairs and updating. We have slowly worked our way through the house and all the major repairs have been completed and approx 40% of the house has been redecorated. From using…
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Nationwide Mortgage Offer Conditions
Hi, I have today received a mortgage offer from Nationwide which is excellent! There is a special condition that I need to repay credit card debt which was showing up on my experian report although I have already cleared it. This is therefore not an issue, but the condition reads: 'While these debts may be repaid from the…
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Transparency and credit checks
Currently paying 5.68% 4 years into a 10 year deal with Nationwide. Am looking at remortgaging so began the application process with Chelsea and got an agreement in principle. However it is only after the credit check and AIP one discovers the additional fees after the conveyancing quote. So, Mortgage fee £400, Legals…
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Intelligent Finance - SVR rate increase possible?
So I have been paying added attention to the recent SVR increases being forced on many mortgage borrowers. My mortgage with Intelligent Finance currently is sitting pretty on their SVR which is below 3%. However the recent forced SVR increases by other lenders has got my attention. I can't seem to find any information to…
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First Active Mortage
hi, i have a mortgage through First Active which was a subsiduary of RBS but no longer provides new mortgages. Has anyone heard if they will be raising there mortgage rates?
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How to find a mortgage broker
The last time we moved - 15 years ago - we used a mortgage broker, recommended by the Newcastle BS, who found us a really good deal. Now we're 4moving again, and we're wondering, with all the information online and comparison tables, is it still worth using one? And, if so, how do we find a good one? Our situation is…
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Spml changing terms and conditions
i have a mortgage with SPML which i unfortunately took out in 2007 - ahead of everything crashing, so my repayments are on a variable rate of LIBOR + 3.34%. I have now received a letter sying that they are changing the terms and conditions of the original agreement and will now be using a " base rate" instead of LIBOR…
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Mortgage declined - Defaulted in error - HELP!
2 years ago I disputed some bank charges with Nationwide. After them messing about for 8 weeks they decided to refund me in full and compensated me with £100. I thought that was the end of it. Last month I found my dream home (1st time buyer) and made an offer which was accepted. I applied for mortgage with Natwest who…
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tracker or fixed and brokers
hello, i'm one of the bank of ireland customers that is going to be affected by the svr rate hike. i'm looking to remortgage. can anyone recommend a broker please, what is the general opinion on other banks following the lead of BOI with increasing trackers. is now the ideal time to fix? i don't want to go to a better…
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First-time buyer LTV query about valuation vs. purchase price
I am considering buying a first home and trying to do the sums. I realise that the better deals are offered when there is a 75% or better Loan to Value ratio. I'm fortunate that this is a possibility for me. However, I realised today that the Value is actually the mortgage company's valuation of the property - not what you…
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Countrywide Valuations - New Build
Has anyone had Countrywide value a new build lower than expected recently? We "may" have had them value a house we are buying down by £15k on the agreed price. I say "may' as our broker has said there is two prices stated on the valuation, one at the agreed price and one £15k lower. Due to a run of bad luck on house…
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Lifetime Mortgage Rates
My mother has a lifetime mortgage which has a rate of 7.75%. Googling produces plenty of information on equity release generally but doesn't produce much on actual rates that would apply. Does anyone know what is a reasonable rate to pay? Thanks.
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Final payment but how ?
Hi i'm with the Skipton BS and owe about £600 including finalizing fees and want to pay this amount off this week. Can i do this over the phone or do i need to go into a branch? Also is this a painless process or loads of forms and weeks of waiting?
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Bank of Ireland: How to jump ship?
I'm with Bank of Ireland and have just received a letter that says my variable rate will raise by 50% in June. How do I jump ship? (I have a part-variable rate - I'd be looking to port that part of my mortgage over and keep the fixed rate as it is. Talk about complicated!) How do I complain? How do I make a difference for…
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Re-mortgage, Transfer of Equity, fees and disbursements.
Re-mortgage, Transfer of Equity, fees and disbursements. Can anybody tell me if it is legal what the conveyancer is doing please? I am in the process of re-mortgaging, with a transfer of equity to my ex partner, (not married) and the associated fees and disbursements. The remortgage is for a greater amount than the…
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Remortgaging when out of work
Hi, I would be grateful if someone could take a look at my current remortgage deal and advise whether I've taken the right route. My situation: Age: 34 Out of work for the last 2 years (not claiming any benefits) Partners Salary £27,500 (we're getting married this year) Cash in Bank £93,000 No debt (apart from mortgage) No…
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Long term overpayments not applied
Visited the Halifax yesterday to enquire about making a lump sum overpayment on our mortgage. During the conversation it came out that the regular overpayments that we have been making for the last few years have not been used by the Halifax to reduce the amount outstanding. We hadn't understood or appreciated this because…
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90% with high income multiple
We're after a 90% mortgage (no chance of coming up with higher deposit anytime soon), we also need around 4.5 * joint income. Credit score as far as I know is good, has always come back high in the past and no reason to suspect anything would have changed, in fact we've overpaid our current mortgage a few times. I know…
