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Tracker Mortgage Floor
The EU has recently ruled that Spanish banks were applying illegal "floors" to tracker mortgages during the drop in interest rates and have ordered them to repay billions to individuals who have been paying over the odds - they have been told they cannot appeal this decision. I know various financial institutions in this…
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Should i renew my mortgage or overpay?
Hi, my 1st thread. I bought my 2nd house 3 years ago on a 32 year mortgage. I got a 2 year fixed rate but has been expired for 12 months. I am on the AVR at 3.74% which was lower than my fixed rate. Iv been paying £100 less a month saving me £1200 for the year. Now here is my issue. I dont know whether fix and knock 4-5…
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Trapped in a Nationwide Mortgage just because of names!
I hope somebody can advise or shed some light on this. We have a small mortgage with the Nationwide in the names of myself, my husband and my mother. No probs in general but we can apparently do nothing with it. Two years ago, we enquired about having a further advance. It turned out, we didn't need the money in the end,…
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Mortgage arrears, move house?
I have been in debt with my mortgage previously. Everything is back on track now but I would like to move into a bigger house but not sure how this will work. has anyone got any advice? Thanks Dave
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Mortgage valuation
I completed about a month ago, got my mortgage via a broker but i didn't get a copy of the valuation report. Is it normal that i didn't get a copy? I'd like to see what they valued the property at. Is this something Nationwide will tell me over the phone or will it be best to ask the broker? I was on hold for over 20 mins…
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Bad credit mortgage
I have been struggling to get a mortgage. Apparently I'm on something called a hunters report. Has anyone heard of this and are there any landers that might lend.
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Shared ownership - switching mortgage provider
Just wondered if anyone has successfully shifted their shared ownership mortgage to another provider and what was involved. We have a 35 year mortgage that we took out when we were on lower incomes 8 years ago, but are aware this will work out much more expensive and would like to see if it's possible to move providers to…
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Remortgage after IVA
Hi. Our IVA is due to complete in April this year after 6 years. We are currently on a standard rate mortgage (4.74%) and our LTV is approx 65%. Would we be able to re-mortgage for a better rate once IVA is completed? Thanks in advance for your help.
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Remortgaging and removing a name
Hi, I was hoping for some advice if any one can help. I'm currently looking into remortgaging due to being separated for over 3 years I'd like to take a name of the mortgage. I've looked in to all the mortgages available and currently finding the best deal. I was hoping for advice on the charges for removing a name and to…
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Mortgage 10% Annual Repayment (No Fees)
I have recently paid off 10% of my mortgage using my "No Penalties" yearly quota. I have recently recieved a confirmation letter confirming that the mortgage company has successfully recieved payment, and it has now been applied to my account, and the remaing balance has been adjusted. On closer inspection, I have noticed…
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remortgage with poor credit
Hi, I'm wondering how I can re-mortgage, my other half doesn't have the best credit score and his name is on the mortgage, We were originally with Northern Rock, but can't even change it with them now as they are just managing the loan. Any advice/help would be gratefully received. Thanks
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Affordability Calculators - upper limit?
Hi all! I am a FTB investigating how much I could afford to borrow. I'm aware that a number of factors go into deciding how much one can borrow, but I was led to believe that the upper limit was 4.5x gross annual income (for me, about £121,000) Yet Leeds' affordability calculator said I could borrow over £150,000 despite…
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Disadvantages to having more than one DIP done?
Just wondered if a lender is less likely to accept you if you have more than 2 DIPs carried out with two separate lenders in a short period of time?
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Moving when fixed deal is about to end
Hi, We are looking at moving and hopefully being in by April. I am currently in a fixed deal which will be ending on 31st March so should come to an end before my sale and purchase goes through (not even started yet so wouldnt expect it to happen till at least mid April). We will be looking at increasing the mortgage by…
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Should I pay off a mortgage with fees attached
October 2016 I took out a new low rate mortgage (1.99% on a 7 year / 5yr fixed term.) I have recently , due to a bereavment , had some money given and am able to pay the mortgage off. There are fees attached to the mortgage though if I pay off earlier than the 5 year fixed rate. Is it still worth paying the mortgage off or…
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shared ownership and fees
hello, i am just curious if anyone knows roughly how much fees are paid for a shared ownership property through a housing association? they gave me a list of financial advisers which will do a affordability check. after this stage im not sure how much else he would do and the rates from now until actually having the…
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End of fix/Looking to sell...
Looking for some advice as our fixed rate mortgage is coming to an end in April. Our current provider (Halifax) allows us to change to a new deal with them 3 months in advance which would be the end of this month. When our previous 2 year fix expired we renewed early and carried on, however, we are planning to sell this…
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Mortgage - employed with ltd company still
Hi I'm panicking a bit from something I read on here I am now employed on a permanent basis but I still have my ltd company "open" as my accountant can't do my tax return until April Will it cause any problems with my application that I am a director of a company? We are going with halifax
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Mortgage with really poor credit score
Hi I am currently renting off my dad with the expectation to buy. However my credit score is poor! Is it possible for me to still get a mortgage or do I have to wait for my credit score to improve Back ground live with my husband both full time perm jobs currently have 2 lodgers but they are temp
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Nationwide disregards mortgage life insurance cover
I am 73, retired, with joint Santander mortgage (LTV 35%, £45K) which has 7 years to go. With NW increasing their age limit to 85 I hoped to remortgage for 9/10 years to help my budget by paying less for longer. The NW affordability calculator gives favourable result based on my occupational pensions, but drops to 0 when I…
