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Turns out portable mortgage isn't....what to do?
Our house has been valued at £380-385k. We took out a lifetime tracker mortgage with Santander (base rate plus 0.5%), for which we have been paying more than required, and now owe £270k. The mortgage is portable, but we have just found that that means the product not the value! The bank will only offer £120k for any…
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Sign this ePetition to get NRAM to reduce SVR
NRAMs SVR is currently set at 4.79% which is bordering on criminal when the taxpayer owns the bank and the BOE base rate is at 0.5%, by reducing this rate NRAM could release hundreds of pounds per mortgage per month back into the economy and help with the recovery, please sign the ePetition!…
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First time buyer help
Hiya, I am looking for some help and guidance please. My partner earns 27,500 a year and I earn £6500 a year, we were told a while ago we could get a mortgage up to 170,000, we have a deposit of £20,000 We have found a property we liked, and have offered, they accpeted our final offer of 170k. However when looking on…
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Mortgage Start Up Fees
Which mortgage lender has the cheapest fees?
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Should I wait till my fixed 3 year mortgage ends
I am coming to the end of my 3 year fixed rate mortgage. Should i go to my bank now and try and get a better deal or should i wait till the 3 year deal has completely ended. It finishes in november 1st 2012. Would waiting till it finishes give me better bargaining with the bank at getting a better rate or does it make no…
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MSE News: Home repossessions fall, but future less rosy
"The number of home repossessions has fallen to its lowest level in a year and-a-half despite the toughening economy ..." Read the full story: Home repossessions fall, but future less rosy
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Bank newbuy rates
I was wondering whether there was somewhere I could obtain a list of banks included in the newbuy scheme and their rates, LTV etc..links would be much appreciated
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Mortgage Legal Advice Forums?
Hi guys, I know this isn’t the correct forum for this but I’m hoping someone can help point me to a place where I can get some legal advice. Basically I have a problem and without going into too much detail I need to speak to someone about getting my lasses name removed off an old mortgage. Story goes boy meets girl, they…
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Mortgage Minefield
Just returned from EU, need a mortgage with small upfront fees and no early repayment fees. Should I contact a broker? I have very little expertise so all help would be appreciated.
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Aviva endowment still worth holding?
I started a 25 year CGNU (now Aviva) with profits endowment in 1994, designed to pay off a £62250 mortgage, monthly payments are £85. A while back, being worried about the red shortfall letters being received I made some enquiries and found there was an endowment mortgage promise of 6%. The calculated MEP value was £11050,…
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HSBC and leasehold houses
Does anyone know how many years HSBC require to be on the lease for a house (not a flat) when getting a mortgage? I've found a couple of houses I like, but both are leasehold, with 65 years left to run on 99-year leases. I've tried searching here and on HSBC's website, but couldn't find anything. Thanks!
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Some advice please
Current 5 yr fixed rate due to end in September. Received letter from Santander yesterday saying that variable rate I will move to is 4.99% and payments of £288 a month. Currently pay £317 pm. I believe I owe about £38000 and a house nearby sold recently for about £80000. Have had mortgage for about 9 years and have approx…
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Is My Mortgage Agreement Unenforceable
Hello Everyone Please don't judge me, I am in a difficult situation and just looking for a way out that still leaves me my home. I have a mortgage with SPML. I was sold the mortgage by an advisor in late 2007. Due to an injury I am forced to work less hours and I am not struggling to meet my mortgage payments. I have…
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Likelihood of getting a mortgage?
So my partner and I are ready to start house hunting...we've already seen several we like...and I'm just now wondering what our chances are of being accepted for a mortgage. My partner earns 21,000 pa and I earn 18,000 pa. We both have good credit history, no late payments, defaults, arrears etc. Partner has 1 cc that is…
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Whether to overpay mortgage...?
We have a mortgage of c. £335,000 on a house worth c. £450,000. We are on a 15 year mortgage term, and have a 4.5 year deal, with about 18 months variable (currently 2.29%) and then 3 years at 3.49% fixed. We have the option to overpay by 10% each calendar year, and are likely to be in a position to do that in most years…
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Will we qualify for a mortgage
Hi there, Myself and my partner are looking to buy our first home. We have savings of 17k and no outstanding debt. My partner's income is £18,500 p.a My income is £10,000 p.a We have a house in mind which we can buy for 65k & are looking to put at least 13k down as a deposit but this may decrease to 10k, depending on the…
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Countrywide Principal Services - Avoid
Had a very bad experience with Countrywide Principal Services for a re-mortgage. Lost considerable amount of money in the process of re-mortgaging using them.
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HSBC panel experience share.
I would like to start this board for people to share their experience with different solicitors firms on HSBC Countrywide panel list hence you are allowed to chose between them a feedback would really help to indicate who to chose and who to avoid.
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Scared mortgage offer will be withdrawn
After a nasty experience last year due to previous mortgage defaults (during a divorce) and decline mortgage we decided to wait a while (15 months) to try again. Went to Santander (our bank) and spoke to the mortgage advisor who done a credit search there and then. We took my husband's Experian file which showed the…
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Mortgage for Son to Rent House
Our mortgage is paid off (house worth about £170k) and we have a small amount of savings. Between us we earn £32k and are in our mid 50's. Our son and his wife both have temporary contract jobs so are unable to get a mortgage. We are thinking of buying a house for them to rent from us, with a view to buying when they DO…
