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Intelligent Finance Mortgage
We have a variable tracker mortgage (1%!!!) with intelligent finance. We still have around £90,000 on the mortgage. We could be mortgage-free as we do have around £90,000 in savings - between ISA's, Santander 123 and Flexdirect accounts, but while they are getting interest rates of 3-5% then it would be silly to pay off…
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Halifax mortgage question
Hi there Do the Halifax make any charge to reduce the term on your mortgage? Also do they tell you before you commit to the new duration how much your new payment will be? Regards
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is it late to get compensation
I have just had a company on the phone saying I can claim mis-sold endowment on my mortgage. I thought the claims had stopped for this
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3 Year work history?
Hello, Currently have an application in and have been asked by my broker for 3 years work history? My question is - How do I prove this? The company I worked for no longer exists. It was 2 years ago and I have changed bank since and as such have no statements showing money going in etc?
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simple or compound interest?
My mortgage rate is quoted as 5.49% fixed since 2004. My original mortgage goes back to 1986 when rates were higher, and I started at 11% reduced by some tax scheme called MIRAS to 7.8%. Lately I've notice that this annual rate is used to find a monthly rate and they add this monthly to my balance. After I asked they have…
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Been turned down..
By my bank despite having an 841 credit rating with no debt, CCJs etc. Only looking for a 2x mortgage, the missus reckons they won't approve small mortgages because they won't make as much money. Is there any truth to this? Who would be best to approach for a £60-70k mortgage?
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a way round buy to let?
is it possible to just get residential mortgages on 2 year deals, and immediately obtain consent to let for 2 years? after the 2 year deal, re-mortgage on another 2 year deal and do the same again? this means you wouldn't need a buy to let mortgage, and anybody could do it without having to have their own residential…
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FTB relief
I keep seeing ads for relief on stamp duty/mortgage application fees for FTBs... Is there anything similar for the last generation of FTBs who are in negative equity!! We've just sold our house at a loss... and having saved up a new deposit its pretty gutting to realise we arent even on a level par with todays FTBs!…
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end of 5 year deal question..............
hi guys. looking for an answer please!! my 5 yr fixed term deal comes to an end in july, then i'll be offered another option by nationwide. my question is- one of the options offered to me is to go onto nationwides variable rate. is this option open? ie- can i choose to come out of it at my convienience? thanks for…
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Ending a mortgage
Hi, I am looking to potentially move out of my flat (shared ownership 30%) and rent somewhere else. I am just looking at what penalties there would be for ending the mortgage early, within a fixed term, to see if it is possible. One query is to do with an overpayment I made on it last year. It's possibly a silly question,…
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Transfer of Equity
Hello! I am looking for a solicitor/conveyancer to do a transfer of equity and I have no idea what sort of price I should be expecting. So far I have received two very different quotes and I don't want to go with the cheaper on and get inferior work or the expensive and get mugged off. I have requested a few more but those…
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Switch to Interest only for 2 years?
Quick background:- Outstanding Mortgage Balance £140,000 House value £250,000 I currently have a repayment mortgage which is coming to theend of its two-year fixed deal. I have recently separated from my husband and now that I amat the stage of fixing a new mortgage deal I am considering taking out andinterest-only…
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Mortgage Endowment paid to me instead of Santander
I've had the proceeds of my mortgage endowment paid to me by cheque instead of directly to santander. How long do you think i could string santander along with, 'im on holiday' and 'the cheque is in the post' type excuses whilst i bank the cheque and earn £5 a day and Santander charge me £2 a day!!!!! This is Santanders…
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Lenders and proof of deposit
Hi there, My girlfriend and I are currently trying to move out of rented accommodation and purchase our first property. We initially went through a broker, got an AIP from Nationwide for £450k, and started house hunting. The first property we had an offer accepted on was below budget, and given we'd be borrowing < £400k,…
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Releasing equity at existing interest rate
I've just come to the end of my fixed period on my mortgage and as a result have dropped down to a low interest rate. We've been thinking about an extension so thought that now would be a good time to do it. However I called my lender (Direct Line) to check to see if there would be any problems borrowing and they said it…
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Co-operative downgrade - any risk to my mortgage?
I bought my first property at the end of last year and my mortgage is with the Co-op. I'm on a 75% lifetime tracker with an option to switch to fixed. In light of the Moody's downgrade, should I be concerned at all? Should I be taking action?
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Help to Buy scheme
Looking at help to buy scheme house is £205k £10250 is buyers deposit £41000 is governments 20% Loan £153750 is mortgage from commercial lender My question is how much will be payments back to the government per month and when will they start straight away or in 5 years? Next question my partner is self employed and his…
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Worth paying early repayment charges and switching?
Can anyone offer any advice please? Bought house 2010 £156000 Natwest mortgage £140400 (90% LTV 5 year fixed at 6.34% - 30year) 3 years into mortgage now, 2 years left on fix. Balance on mortgage is 135228 Have added a conservatory – paid £12000 for this. If conservatory added £3000 to the value of the house (makingit…
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Questions a mortgage lender does not want us to ask
So far talking to different mortgage lenders I learned about the following disadvantages: 1. Some will not allow to have a loan secured against the property from lender other than them. So they become a lending monopoly or I have to leave them which will cost a lot. 2. Many lenders will not let me to rent the property out…
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Remortgaging and equity release
I am due to do remortgage and I found it incredibly difficult to find an interest-only deal. OK, I have to have repayment mortgage but I want everything I paid over two years back when I remortgage, leaving exactly 25% and not a penny more. But this seems to be difficult too. When I say to mortgage lenders that I need to…
