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Coventry building society mortgage order of application
Hi all. We applied for a mortgage through our broker on Friday with Coventry bs. Full app went through fine and credit search all okay. Our online banking shows the application fee has been taken from our account and estate agent tells us that they are doing the survey on Wednesday. All going way too smoothly. Our broker…
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overpayment or shorter time; which is best?
Evening all, I am about to remortgage and currently have 29 years left on my mortgage. I can definately reduce to 22 years, but if I stretched myself I could reduce this to 17 years. Is it better to go for the 22 years (with the safety of lower payments should I come into payment difficulties i.e. loosing job) and overpay…
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How long?
We contacted a financial advisor for a mortgage the first week of November - five or six weeks ago now. We got an agreement in principle (Natwest). Then sent off our driving licences etc and put in the application. They have now sent us a letter to be signed and returned (in post today) - and a letter for our adult son…
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Henry Moser - Cheshire Mortgage Corporation fined - Unfair Practices Blemain Finance
The Financial Services Authority (FSA) has fined Cheadle-based mortgage lender, Cheshire Mortgage Corporation Limited (CMCL), £1.225 million for failing to treat customers fairly in the sale of mortgages and arrears handling from October 2004 to the end of 2009. The CEO of CMCL, Henry Moser, has been fined £70,000 and…
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Competitive mortgage rate 85-90% LTV?
Hi Y'all :) I currently bank with the co-operative and smile, but am thinking of having a radical overhaul to take advantage of some of the deals on offer (halifax reward acct for example) However, my Halifax mortgage fix comes to an end soon and I'm wondering if there would be any point in keeping an account with the…
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Suitability of Broker
Just after some advice as im starting to panic about a purchase... Saw a broker who was recommended to me by a colleague (theres was a simple remortgage though!) seemed really nice and to be knowledgable. Took note of our circumstances (renting current property out and buying new home with 90% motgage) Said it should be…
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5yr or 3yr fixed rate??
Hi All, Please can you help me. I need to decide but haven't got much time to consider it carefully due to other commitments at the moment. I have my mortgage due for renewal: 2yr 3.54% or 5yr 3.84% Exit fees for both, but I am not intending to move at the moment. Saying that, if I decide to do so, I can take the mortgage…
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NRAM Charges
We were recently inquiring to rent out our 1 bedroom flat (which is too small for our family) as we are unable to sell in the current financial crisis. We have a mortgage, unfourtunately with NRAM, and we needed a consent to let. After going through the long process of them agreeing a CTL at a cost of £100 per year…
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Switching mortgage
Hi, is it possible to switch from one fixed rate to another with same mortgage company (halifax) without incurring charges? thanks
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Calculating mortgage payments
Hi I'm coming off a Nationwide 5.63% 5-yr fixed rate this month and have just checked what the new payments will be. New rate is supposed to be 2.5%. But on a balance of £96528 with 9 years left, Nwide are saying the payments shd be £1022, while I calculate it at £999. Seems like a big difference to me. Am I right? or are…
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Halifax SVR
My fixed term ends shortly currently at 5.6% Halifax SVR is 3.99% at present. I'm not that keen to be hit with fees etc to fix in again, and I'm not certain I've accrued enough equity. Should I try and re-fix or ride it out?
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I am I wasting my time here?
I decided I wanted to buy a little apartment to leave my kids. I have banked with a big Spanish based organisation for 15 years (not sure if I am allowed to mention names). I found a nice place, and made the offer to the estate agency, subject to mortgage approval. I made an appointment with the bank for the mortgage. The…
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fixed rate or tracker in this climate
Hi I bought a property two years ago. My mortgage is due for renewal in Feb 2013. My current lender (Natwest) has sent me a letter with the instructions to check their current deals online with £150 cashback offer if I renew it online. My remaining balance: 91,918.11 Term: 23 years 6 months Repayment type: Capital and…
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Small Mortgage Help
My Sister plans to down size and move nearer to me, she has a small pension of £200 a week, her mortgage is £28000 with 9 years left on her current home, the new property requires a mortgage of £14000 she has savings but does not want to leave herself short, the ltv is very small at 8% the problem seems to be the minimum…
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What lenders want... confused
Hi guys... partner and I are first time buyers looking to get a mortgage next year. We are going to see a broker in january/february but i wanted to check here 1st as I am confused at what lenders really want? Some people are saying lenders prefer it if you have lots of credit, pay only the minimum, have car finances etc…
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Thinking about moving but not got a clue what to do!
I moved into my current house a year ago, I was a first time buyer and I'm on a fixed mortgage for another year. My circumstances have changed and I was to move with my fianc!e back up to Newcastle from Middlesbrough. I'm just wondering what the process is like as I will be in a chain as I'll have to sell my house first…
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Loan application before or after mortgage renewal?
Hi all, Just after a bit of advice. We currently have credit card debts of about £5000, car loan at £1700 and would like to replace our kitchen and fascias/soffits etc we have worked out that borrowing £12000 would clear the existing debts and finance the home improvements. The repayments on the loan would be less than the…
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About to buy a house!
Really need some help. A friend of a friend is desperate to sell their house. We are in a position financially to purchase the house. We are going to view it very soon. What do we do? Do I need to go and see a lawyer and get it all officially under way? Should I apply for an AIP before viewing? Really need some help on the…
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Mortgage Rules?
HI everyone! I need your advice..... I have 20 grands investment and 82,000 mortgage interest-only. I would like to change my mortgage from interest to repayment on the 82,000 mortgage. Put 20k onto my mortgage, so i can do repayment for 62,000. it common sense. But most banks won't let me do this!:mad: They say 62,00…
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Pay off or keep current mortgage before raising more funds
Have just £2k left in our mortgage and can pay it off completely if needed. But, we're looking to move house early next year, where I'll need to raise funds (~140k). It's really tempting to be debt free and pay off the mortgage, but I also think I'll have an easier time getting the new mortgage if I keep the current one…
