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Fast Track - Good Deal?
Hi I have been offered a fast track mortgage with Abbey for 4..69% fixed for 5 years, with a £995 fee. Broker says Abbey are the only one that will have us. OUr credit rating is 999 and we are burrowing 5 x income. Thanks
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House Valuation
I bought a repossession 2 years ago for £107k , it was only in need of a bit of cosmetic work , painting / decorating etc , the house was built about 30 years old , its a large 3 bed detached property with large extension on the side , front garden , rear garden an has an extremely large garage at the back of the house (…
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Helping out a friend - what are the risks ?
Hi All, Looking for some advice, so appreciate your thoughts here. A friend and his partner are trying to buy a flat, but have had their mortgage offer declined. Its down to the poor credit rating my friend has, not down to defaults. He's recently left uni and has started working and runs his own business. Never had…
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Mortgage advice for retired parent
Hi, I was hoping I could get some advice on mortgage options for my father who has recently retired at 65. He has a tracker mortage with Halifax of £26,000 over 16 years. It's base rate plus 3% and he is currently paying £180 per month. The house is worth roughly £180,000. With interest rates rising in the (near?) future I…
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Re-mortgage and how they value house
My deal with RBS has come to an end and I'm going to be re-mortgaging with them. We bought our house at the start of 2008 so would expect a drop in value of the house but we have since converted the garage into another public room and have put in a whole new kitchen. How do the banks determine LTV for re-mortgages? Will…
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Can anyone help with this....
My husband has recently died and our mortgage protection has paid out, I now have the cheque with which to pay the mortgage, when I informed the mortgage company (NRAM formly known as Northern Rock) and they have told me to contact land registry to have it all changed to my name, what I am wondering is does it matter if I…
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How long does an offer usually stay in place?
As above really, if we go down the road of trying to move anytime soon (i posted a thread a few days ago re credit history). If I could successfully get a mortgage offer from someone, what kind of time limit do they generally have on them - and can you get them extended if you're not quite ready?
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MSE News: 'House prices could rise 16% by 2014'
This is the discussion thread for the following MSE News Story: "House prices will edge ahead by 2% next year but property values will be 16% higher by the end of 2014, an economics consultancy predicted today. The forecast contrasts significantly with those from many other economists." Read the full story: 'House prices…
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First direct fixed rate.Too good to be true??
Purchasing house £249,950. Have £100,000 deposit and i am looking at a fixed rate mortgage. Think have found a good deal with FD with rate of 3.89 and with no arrangement fee and minimal booking fee. Is this too good to be true and do you think i have missed some hidden charge. Seems extremely competative even compared to…
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Declined for mortgage with Nationwide - why?
Hello all Wondering if someone can help me understand why Nationwide won't give me and my husband a mortgage..... We have a combined income of 75K and have worked consistently for the last 6yrs since completed our postgraduate degrees. We're looking to buy a house with maximum value of 300K and have a 15% deposit (50K)…
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Halifax Standard Variable Rate
Hi, Has anyone been able to buy themselves out of their 'fixed term' deal with Halifax and transfer to Halifax's Standard Variable Rate? Just before mortgage rates slumped, I stupidly fixed for 5 years at nearly double what the SVR is currently. I called Halifax (knowing I'd have an early repayment charge) to see if I…
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Small loan to make up deposit
Hi everyone, My partner and I would like to move out at some point in the 2nd quarter of next year, although we will not have the required 10% deposit at that point. We will have around £7000 (would have more but have had a series of financial setbacks recently! :angry: ) Anyway, I was wondering if it was viable, or even…
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Abbey/Santander - backdated demand for interest
I have had a mortgage with the Abbey since 1982, I have always paid by Direct Debit and never defaulted (i.e. paid the amount they have calculated as being due). Now they claim I am in arrears by £222 because of "accrued interest from when the account was first opened" and "also when there has been either an increase oe…
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Mortgage Porting - HSBC
Hi all, I'm hopefully going to be moving from North Scotland to Lincolnshire in the future and woudl like to port my mortgage as it's a rate I'd not find elsewhere at present. Have spoken to HSBC and they've said that, subject to me sucessfully passing the application again, they'd have no problem in principle doing this.…
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Overpaying on fixed rate mortgage
Hi Guys First time I've posted - could just do with a little help :) In a fixed rate mortgage deal at 5.6% until June 2013 with Santander - like a lot of other people it was a good deal at the time. Owe £206K the early redemption is about £8.5K. Suffering not only because of the lower interest rates which we haven't…
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Tracking Down a Broker
Any suggestions of how to track down a whole of market broker in NW Kent / SE London area? The guy I used before is now retired ...
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first time buyer query
me and my partner will be looking to get a mortgage in about april next year for the last year i have been plowing through debts at the tune of £1000 a month and by then i will be left with about 8k left on a loan with £170 payment a month. we should have about 20k deposit for a 160k - 170k house i earn 26k should be about…
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First mortgage - buying my ex out
Hello we have a small terrace worth about 100k. The mortgage is in my ex's name only and owes 64k. My credit is not the best but I have just upgraded my bank account and been offered a credit card by my bank, Halifax, with no problem. I bring home 2.5k monthly and do not have any other massive outgoings. I am 55 years old…
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Seller pays stamp duty
We are considering placing an offer to buy a property that has been on the market for ~ 6 months. We were considering asking the seller to pay stamp duty as part of our offer. However, it seems that, surprisingly, this isn't a very common practice. Is there any reason why this is the case? Are there any implications to…
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do i need a broker to fix my mortgage
hi All i am on the variable rate of my mortgage , no tie ins etc. I want to move mortgage lender and have found the best one jfor me. Can i just call the mortgage company and if so what else would i need to do. mortgage company will pay all legals etc. My q's is can i do all htis myslef or do i need to use a broker for…