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Can we get a mortgage?? Need advice to help us make our mind up!
Hi everyone (particularly mortgage brokers and advisors!) I'm posting to ask for your advice. I recently made an application to obtain some additional borrowing on our mortgage (currently at 55k) from our lender to do home improvements in order to sell.This was rejected due to 'lack of affordability'. My salary is 28k per…
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Weekly Mortgage Payments
Hi every one, Its my first post on here. I have searched for this topic/question but couldnt find an answer. I would like to know can you really approach your mortgage lender and request to start paying your monthly repayments on a weekly basis? My older brother is keen to do this too, he's researched it and believes you…
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Rate Guard
I saw mention on a thread a product called Rate Guard, which is an insurance to protect you in case rates go up. I have never heard of these before, not sure that Its something that I want, but I am curious. i have hunted around but only found one company called Market Guard. Does anyone else no off other companies?
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Financial advice required - recommendations?
I would normally sought my own finances but after going through a remortgage application since xmas with my bank HSBC and then only to be declined for some reason last week, i just don't have the time to search the market and therefore opting for an advisor to do the work for me. Am looking for a re-mortage and competitive…
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Mortgage change to BTL advice please.
Hi, I'm after some advice regarding my sons house/mortgage. He bought a house 2 years ago for £115000 and has a mortgage with the Halifax which is presently costing £467/month. About a year ago he got into difficulties with his finances but thankfully managed to keep his mortgage going. He asked for and received consent to…
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YOUR estimation....
I know it's impossible to know what's going on in Merv's head and to predict what's going to happen with the BoE Base Rate, but I was wondering what the learned people of MSE think the future holds for the Base Rate. So, using the information you've obtained from a variety of sources, what would you bet on the interest…
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Dealing with divorce
Hi Sadly my wife and I are seperating, I am off to see a solicitor tomorrow morning but was hoping somebody maybe could offer some advice. We have just changed our mortgage (2weeks ago) to a fixed rate 2 year deal with the royal bank of Scotland in joint names. If I wanted to change this to my name only would that be the…
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Halifax interest rise likely to loose advice needed.
To cut a long story short bought house 2007 at peak value £150,000 paid £142,000 mortgage of £112,000. 2010 hubby went on short time at work had a payment holiday & then went on to interest only. Halifax recently got in touch and said come Aug 2012 we will be going back onto repayment. Our monthly payment s will got to…
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No word from Alliance & Leicester??
My current mortgage with A&L is coming to an end at the end of this month and they havent contacted me to discuss yet so I am shopping around!!! I am currently on a variable rate of 2.99% with a mortgage of approx £118K - any ideas on the best mortgages at the mo?? Often struggle to get mortgage with our combined salary of…
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Over pay or invest elsewhere????
I have spent the past three years struggling to make ends meet but I can finally see the light at the end of the tunnel! I bought a house just before the 'bubble burst', which has left me with a pretty crap mortgage product, due in part to negative equity on the property and not the greatest credit rating. My mortgage is…
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Got Charged Fee Because DWP Pay Mortgage Interest
Here is a good one and I doubt very much that many will have experience d this on their mortgage payments. Part of my mortgage interest is paid by the DWP SMI payments, and the rest by me by court order. So Capstone have invented on top off their other horrible fees and penalties and lost payments and invented arrears…
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Buy to let - Interest not covered by rent.
Hi I have a few issues here, let me give you the background: I am 22 years old, I have £36,000 deposit for a house and earn over £45,000/year with my partner. The issue I have is not my income it is that the rent with all companies I have called has to cover 125% of the interest cost of the mortgage. The property is…
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Should we get rid of the property or keep it?
We bought a 2 bedroom leashold house in december 2006 with interest only mortgage, hoping to make a profit and move on. We tried selling during the beginning of the crash but couldnt get rid of it! We did get an offer of 12k less than what we'd paid for! We have tennants in and because of the low interest rates we are able…
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sorry, thread cancelled
thread cancelled thanks
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fixed term ending soon
i will switch to SVR in july and its higher than the initial 2 year deal i was on. with skipton. i would like to stay fixed and have noticed both the postoffice and skipton have 5 year fixed rate deals out at the moment. is it too early to start asking them about this?
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Hsbc mortgage & countrywide nightmare warning
If you are considering an HSBC mortgage beware. It has been a total nightmare. As a result of the incompetence and appalling lack of customer service from HSBC and Countrywide we have ended up having to break our chain of sale and purchase rather than lose the sale. !This means we are essentially making ourselves homeless…
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Halifax rise..am I affected?
I believe I will be, but its a bit confusing. Mortgage taken out feb 2008 5 year fixed at 5.85 Due to end feb 2013 Previously advised I would drop to 3.5% I'm guessing, we are now looking at 3.99?, anyone able to advise
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Standard Life take over by Barclays
I've just received a letter telling me that my Standard Life mortgage has been taken over by Barclays and that my rate will change from August. What it doesn't tell me is what the rate will be and I can't find any paperwork with my current rate and the website is being run down and my calls are left in a never ending…
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Completion soon.. when will first mortgage payment come out?
I spoke to the vendor today and we have agreed to exchange contract in the next 2 weeks and complete on Friday 23rd March to avoid the stamp duty fees. We are both ready to go and just tying up final bits and bobs (their storage for furniture etc) My question is: if we complete on the 23rd March, we have a direct debit set…
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Self Employed - Mortgage trouble
We're in a very fortunate position to have £115k equity in our home and only a small £10k mortgage but unfortunately we have outgrown it with our two small children and are desperate to move to a larger property. We're only looking for a 50-70k mortgage. My husband & I became joint company directors of our firm last August…
