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Norwich and Peterbrough 10-year fixed 3.84%, no fee
Am considering going for this. Potentially I could be laughing in five years time if rates go up... What are people's thoughts? What's the down side of an ultra long term fixed?
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Seller wants to stay on after completion
I’m due to complete my property purchase on Wednesday. Last week at the time of scheduling the completion date seemed suitable for both parties. However the seller, whom I’ve had considerable telephone contact with during the process, rang me 48 hours later in a bit of a panic asking if she could stay on another three…
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Mortgage - Director of a new ltd
Hi forums, I am really after some advice, the company I work for recently (September 2013) incorporated after advice from new accountants to do so (Poor advice for the past 10 years from previous accountants). In the process it was decided that I would be made a director of the new Ltd co with an ownership of 35%. I have…
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NRAM and Interest Only
Hi, I took out an Interest Only Mortgage back in 2006 with Northern Rock. I had no say in whether I went with NRAM, just seemed to happen. Now my repayments with NRAM are still £750 per month with 18 years left and still Interest Only. My credit rating is decimated after being left to pay everything after my partner and I…
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HSBC £160 fee or any good conveyancer on their panel?
I get I have to pay HSBC fees if I use my own solicitor. How good are the HSBC panel solicitors? They're nothing to do with Countrywide? I'm happy to use any solicitor in the country TBH as long as they're good and reasonably priced. Any HSBC recommended conveyancers you'd recommend?!
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pension Mortgage
my husband and I were sold a pension Mortgage. now we are coming to the end of the mortgage term there is no way that the pension will cover the mortgage, Do we have any recourse for bad advise, no one has been in contact with us to check if the pension payments need to be increased, the pension payment just increased a…
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Mortgage deal ending
A friend of mine needs some help. He asked this question from me, I could not answer so I thought to consult with forum: He has a house which he bought 5 years back for 120,000 with deposit of 10%. The current value of house is 140,000 approx. His mortgage deal with Halifax is ending after 7 days. He is currently on…
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Paying off the Mortgage :)
I am now in a position to pay off my 2.5% interest-only mortgage at least 4 years early.:j I was told by a friend that its best to pay off everything except a nominal amount (say £50) because having the mortgage open means I can go back for additional lending on this account if required. I think this is wrong because I…
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Use loan money as a gift for mortgage
Hi All, I am wondering if it possible to take out an unsecured loan for say £10k to give as a gift to a relative for a deposit on a house? Are there any rules against this? Many thanks L
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Remortgaging to increase the term?
Hi all, Will try to make this brief. im currently 5 months pregnant and going through a dispute with my employer over my contractual maternity pay. There is a high chance it will be not upheld and I will go onto statutory pay. With this looming we want to free up some money so we don't struggle for 6 + months We both have…
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Would I get a mortgage?
Hi Guys, been on the forum for long time, but never registered / posted anything. Me and my girlfriend will shortly be looking for a house (first time buyers), we have a joint income of around £46 k currently, and i will be starting a new job in April which will push this up to £58k a year. We have a deposit of £11.5 k and…
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FTB - Any issues here?
Evening folks, I wonder if I could have your view on whether I will have any issues with the following scenario: > 90% LTV (£15k deposit and looking at houses around £150k with a view to making an offer). > Salary is £31,350 > 1 Credit Card - £0 balance > No other loans etc > I have a copy of my credit report from…
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overpaying woolwich mortgage ?
just started 5yr fixed rate with Woolwich. my regular payment is a gnat's nacker over £930, which I pay by D/D. I can afford to up this to £1K. What would be the easiest practical way to do this, hopefully without having to deal with call-centres etc. TIA.
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Mortgage advice needed - bad credit
Hi all:j I am new to this site and after some mortgage advice. Myself and my partner and really keen to get a mortgage and avoid the high rent we are currently paying. Our problem is bad credit, despite never missing a rent payment in the 2 years we've lived together (therefore knowing we can afford a monthly mortgage…
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shortfall on interest only mortgage
I can't eat or sleep, so worried about this and don't know who to turn to. I got a letter yesterday from Santander about how I was going to pay the shortfall of £19.000 and need to know now. The mortgage is due up in April 2018. It sounds far away but really isn't as far as paying the shortfall goes.The interest payments…
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Mortgage for a full time employee and part time student
Hello, I am a full time employee and a part time pHD student. My pHD is fully funded plus I receive a monthly stipend. My question is: would my phd stipend be included as income for a residential mortgage? Thanks
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Re-mortgaging survey
Hi We are hoping to remortgage soon, our house has had an injected dpc installed a few years ago (before we moved in) however a small patch of damp has appeared in the last few months on our stairs. Its glaringly obvious as the paint has began flaking away and the plaster beneath crumbling (over approximately 1m2). Would…
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Money return
Hi I have just applied for a mortgage and have the required deposit and extra. I had lent out money around 2k to a friend a few years ago and he wants to pay it back. I had lent out with good will and no interest attached. How do i go about it - will they question the source of fund? Do i need any letter from him?
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Mortgage question
Hi all, I was wondering if someone is able to help. I understand that even with fixed rate mortgages, there is still interest that is applied to the outstanding capital. That interest of course varies according to the no of days in each month. I received my annual statement earlier and I was wondering how do I know for…
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Please help! advice needed on re-mortgage problems
Hi everyone. I’m hoping someone can give me some advice as I’m feeling quite lost at the moment. It’s a bit of a long one so I apologise in advance. Two years ago my wife and I moved into a new build property which we purchased for £155,000. We had a two year fixed rate mortgage, arranged via the builders recommended…
