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Choosing a mortgage provider
I'm a first time buyer, just had an offer accepted on a property, now looking to choose a mortgage provider. Perhaps a silly question but is there any reason why I shouldn't just go to moneysupermarket, put in my details, and choose the one with the lowest monthly repayments? For me, that would mean Leek United BS, who I'd…
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Virgin Money Mortgage/Northern Rock Change to a Fixed Rate Mortgage
Hi there everyone I need some help to tell me if I can take this further. Today I received a letter from Virgin Money who took over The Northern Rock recently. Virgin Money have reviewed everyone's mortgage since taking over and hence my letter. It was regarding a change of payment to my Fixed Mortgage which is a 10 yr…
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Facing arrears and repossession. Advice needed.
Hi, I've read these forums for some time but my financial situation has now reached a crisis and I was wondering if I could get some advice. To give some back story-10 years ago I was a young single professional earning a decent salary and living what to be honest was a pretty extravagant lifestyle. I then met my now wife…
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Differing default/satisfaction dates on reports
Hi all, I am currently going through a mortgage application, but have some conflicting information on my credit reports which I need some advice on. My Experian report shows a £728 default, stating the default date to be 01/04/2008, account updated 07/11/2010. On the other hand my Equifax report shows the £728 default,…
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tracker scheme versus 2 year fixed
Hi, was wondering what everyones thoughts are on these mortgage offers received today. Mortgage of £110000, deposit £100000, have been offered a Tracker Rate at 4.39% or a 2 year fixed at 4.94%. Have had trouble getting deals due to previous poor credit rating but all debts now paid so really happy today to be offered…
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Apply for a Mortgage with DMP
Hi All, I am new to this forum and believe I am writing on the right one. Me and my husband currently are in a joint mortgage and want to move on a bigger house as we have another addition to our family. My husband started DMP with PayPlan three years ago and all our debts going to be over in another two years time. I have…
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Chances of obtaining a mortgage
Hi, been reading the forums for a number of years and only just registered to gauge opinion on the chances of my getting a mortgage - all feedback (positive and negative) gratefully received! I'm currently living with parents and I would like to obtain a mortgage on a flat if possible and wondered what people thought my…
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jw
Please can someone help me! i have a mortgage of 98000 house worth around 130000, sercured loan of 38000. I have very low credit score and my husband has poor score, we have debts of around 30000, however things have changed recently and iam now earning a good wage as is my husband. we would like to sort out mortgage maybe…
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HSBC - Renegotiating Loan
I have just returned from a short break to find a lovely letter from HSBC Dear Mr..... We need to draw attention to Clause 5 of the loan facility letters headed 'Renegotiation' which provides the opportunity to negotiate the terms of the loan every 5 years. The loans were drawn down 18.12.2007 and as a relevant anniversary…
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Overpayments
I remortgaged last year (repayment mortgage, lifetime tracker).. I am thinking of overpaying but can't afford to pay very much extra so a couple of quick questions: 1) is it worth overpaying if it's just say £10 or £20 / month or should I put the money into a savings account instead? 2) would it be better to save this up…
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To save or to pay a bit more to mortgage
Hi, guys just looking for some advise, i have £10k savings and wondering if it will be better to pay it to mortgage to reduce it since i have £59k payable for another 11 yrs with 1.5% on it with Bank of Scotland or should i just put it to Santander fix rate ISA of 3.3% interest. Thanks for your help mrs b.:j
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additional borrowing - legitimate reasons
hi to all, I am considering increasing my BTL mortgage in order to reduce the balance on my residential mortgage..... when i approach my mortgage provider will they want to know what i intend to do with the extra money? Any ideas i the above will get past the mortgae company? many thanks
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Question About Repayment Mortgages
Assuming your interest rate remains constant, does your repayments fall over time as you are repaying the capital off your mortgage and hence the interest due should fall ?
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Mortgage Fixed Rate coming to an end.
Hi all, Our current 2 year fixed rate mortgage is coming to an end shortly. How do I go about renewing my deal an do we have to carry out a new application? Thanks
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Self employed mortgage
Does anyone have any recent experience of getting a mortgage when self employed but without any accounts? I have just switched to being self employed and would like to take out a mortgage worth about 40% LTV on my house which is currently not mortgaged. This would equate to about 3.5 x what I expect to be earning in the…
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Sottish widows endowment
I contacted scottish widows with a option of cashing my endowment to pay Of most of my mortgage, on being given a current value i asked about selling it on the open market, i was told this was not allowed. Can scottish widows stop me doing this.
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Mortgage_Immigrant
Hi all Any help would be welcome. I'm in the market looking to buy a house.. have 15% deposit and looking for house around 120-160k. Our combined income is 90k and have exceptional credit history. My main worry is.. being a immigrant and only being in country for 3 yrs might hamper my chances of getting a mortgage... If i…
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Help Over payments/ Length / Fixed rate/Confused
good evening all Can anyone answer my question? we took on a mortgage with Nation wide in September 2011. 64,000 over 20 years 5 year fixed rate 400 each month. I make a regular over payment of 250 each month, Using the over payment calculator on here, we should have our mortgage paid off in approximately 10 years. 1/2 the…
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mortgage
hi please someone help me with correct info..i recieved my mortgage letter saying that dwp is paying some of my mortgage but in other column it says that i am in arrears with a minus sign before the total i called 2 of my freinds and they both said that means i am in front and not behind with payments is this correct?
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My mums ex is trying to fleece her!
Hi i need some urgent advice please. My mum bought a property 6 years ago for £200,000. She put £90,000 of her own money in and the rest on a interest only mortgage. The mortgage was in her name only but she lived there with her boyfriend. 3 years ago my mum took out another mortgage on the property for £30,000. She was…
