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Considering tracker mortgage
I'm looking to remortgage and it seems most people are going with fixed mortgages instead of trackers. But, I'm not keen to be tied in as I may move in the next couple of years. I'm considering the 2.1% APR HSBC lifetime tracker special. I realise that the interest rates are due to go up, but they'd have to go up more than…
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Nram & Remortgage Help / Advice
Hi, I'd love some advice if anyone can help. I'm a Nram customer and to date they have been great for our circumstances allowing mortgage breaks every so often and always lend us different amounts over the years, whilst studding 10 years ago. Anyway we are in a much better financial place now and with a change of school…
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Looking for some mortgage advice
I am trying to help out a friend but mortgages are not my strong point so thought I would turn to this forum in search of advice. - mortgage was taken out in 1986 at a cost of £32250 plus interest - in 1988, due to no fault of my friends, they fell into arrears & made minimal payments for the next 17/18 years. from what I…
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First Moregage and current debt advice
I'm 22 years old, Had 2 credit card smallish debts hanging over me for a while, quite a lot of missed payments, and a mobile phone contract debt, the phone contract wasn't paid due to a scam of me getting a £1000 bill in one month, Anyway these debts after around 8 months of no payment have just been paid off in full. In…
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How do banks value properties?
I have just called Halifax and asked them what rates we can swap to, they have just told me they have my house value as £116,000. I presume this is what we bought it for + % of house price increases?? This value has surprised me as our house has been on the market for 115k this year and not sold. It is good as we can get a…
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Nationwide BMR Interest-Only
I've read on the forum a number of posts regarding when is the right time to switch from a mortgage on Nationwides BMR to a new fixed rate. But none has specifically related Interest-Only mortgages, which I took out @ over 6%. When my mortgage ended 2 years ago, I switched over to the BMR (£250 a month) and started…
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Mortgages and debt consolidation
Just been to two banks to discuss re-mortgaging and consolidating debts. The second bank we went to told us that the debts could only be consolidated over a 10 year period even if the mortgage was for 15 years! this was news to us, has anyone else heard of this? Pete
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Repayment or overpayment on Interest Only
If you have a repayment mortgage that costs £1000 a month is that any different to paying £1000 a month on an identical interest only mortgage? So that would include say £400 interest payment a month and £600 overpayment? Does one cost more over the term of the mortgage? The mortgages are identical in every way except one…
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New mortgage when pregnant
Does anyone have any experience of getting a mortgage under the new guidelines when pregnant? It would be a joint mortgage with My husband who would be the primary earner. Having done the sums we are confident we can afford the mortgage through mat leave and would continue to be able to even if interest rates increased. We…
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Buy to Let mortgage on an inherited house that is owned outright
Hello there, I have inherited my late mum's house which is owned outright and I plan to let out. My husband and I currently live in a property which is worth approximately 140k with a mortgage of 100k. The inherited property is worth approx 100k. If I wanted to get a BTL mortgage on the inherited property to put towards my…
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How do HSBC homeowner loans work
Asking here because the HSBC mortgage helpline couldn't help and advised telephone appointments have to be made for a specialist with the next available one being two weeks away! Does anyone know the full details, such as interest rates and payment terms etc?
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try and get an aip or wait?
Hi, I'd be grateful for any advice please I am looking to buy a property but don't have a great credit file. I have several defaults although all are from before 2011. Currently all but 2 are satisfied and i am clearing them each month at the moment and they will be fully cleared in September (Value left approx £400) i…
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is it ok to work with two brokers?
i have one who charges that has a deal [almost] on the table and another from larger company that does not charge looking into deals for us. Is that ok?
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6 months
Hello We are hopefully moving September and we are porting our current mortgage over with us to avoid fee's, this mortgage ends 31 Dec. We have been told that we can not fix in again for 6 months after we have moved, so will fix in February/March time. Is there anyway we would be able to fix in again in december? Could we…
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First Time Mortgage
Hello all, I am looking for some advice as best to do, me and my husband have recently bought out first house, (sept 2013) we pooled all funds available and borrowed off family to buy the house outright, with no mortgage, because i only worked part time, and my husband is disabled we stood little to no chance of a decent…
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multi-currency mortgages need advice
HI, i have a multicurrency morgage CHF/GBR. We were basically tricked/talked into signing this morgage from a company called montpellier a few years ago (2008) when we unfortunatly didnt understand what we were signing.They adviced us there role would be to change the currency before the market dropped but they did no such…
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leeds valuation report
We have now recieved our valuation report frim the leeds an it is £10,000 less that asking price on new build with barratts. What happens now? As we are using htb will it still make a difference as with the htb it makes our deposit around 35k for a house worth 176995. It literally feels like one thing after another im…
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mortgage name after split
could someone provide some advise. my folks have split but not divorced and don't intend on(religious reasons) they have a tiny flat worth 30k that neither live in or rent out , it was bought as a sort of investment for me, only child. My dad has been paying the mortgage himself for the last ten years, theres about another…
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Any chance of a mortgage if so where to look?
Hi All, Just wondered if anyone can suggest anything. I have a good job earn about £30k year, at the moment £25k banked to use as a deposit, prospect of least another £25k coming in within 6 months (inheritance), I have seen a nice property costing £130k, I have 1 loan which can pay off, I just wondered the likelihood of…
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Odd conversation with Halifax
I have an SO mortgage with the Halifax, i own 45% and the housing authority 55% As my initial 2 year fix is almost up i phoned up the Halifax to enquire about remortgaging and fully staircasing to 100% This seems to have utterly stumped them - the additional borrowing team said they would lend me an additional 10k based on…
