-
First Direct offset advice
Hi, I'm looking at first directs offset 3y fixed deal at 4.09% I have never had an offset - are they really that good on a practical basis? What are the pitfalls? is it purely there to reduce the term of years of the mortgage? How realisitcally benefical are these type of accounts? FD told me that youd have to earn 4.71%…
-
Remortaging house - How does house gets valued?
Hi guys, Quick question I hope - Im unsure as to what happens when I come to remortgage my house in November. Although I put down a 10% deposit on my house and will have potentially another 4k to pay in a lump by november, Im thinking i may well be close to negative equity. However im lucky in as much as my parents could…
-
To fix or not to fix? - I have fixed!
I am one of the many people deciding whether to stay on a low SVR or fix before the fixed rate deals go up. I have spoken to London & Country this morning who were fantastic. They told me that they have had a 'heads up' that a number of mortgage lenders (including A&L) will be putting up their fixed rates imminently. I…
-
Switch and fix?
Hi everyone, this is the first time I have ever started a new thread, so please bear with me! I have a £110k mortgage with 21 years left to run. Provider is Nationwide, and my 2 year tracker deal (+0.39%) started in October 2008. Therefore, super-low mortgage payments at the moment and I am sinking the savings back into…
-
Daft question? Probably.
Are there any 95% mortgages around at the moment? And if so, are they actually a reasonable deal...?
-
Mortgage and ex-partner
Hi, Been about this to a solictor, who was no help. Approximately 4 years ago my ex-partner and I purchased a house in joint names, both deeds and mortgage. Two years ago I separated from my ex-partner, and left the joint home. I have recently asked her to have my name taken off the mortgage and deeds but she has refused.…
-
Mortgage Advice Needed
Hi Guys, My two year fixed rate mortgage (5%!!!!!!) is finally due for renewal this month but what do people recommend at the moment? Fixed, tracker, etc?? It'll be like getting a pay rise when i change! :j
-
(Some) fixed rates going up
Just had a quick look at 3-year fixed mortgages (20% deposit) on moneysupermarket.com and it seems it's true that (some) rates are slowly going up. Up until at least Tuesday this week, the Post Office was offering a 3-year fixed mortgage with an initial rate of 4.99%, changing to 1.99% above base after the fixed period.…
-
property ladder assistance for child
Hi, Can anyone tell me if it is viable for me, the father, to buy a property on an interest only mortgage, to then later on sell it at a later date for no profit to my daughter when she and her husband can afford it. They will be paying the interest only payments until that time, assuming it took 5 years and the recession…
-
Mortgage Affordibility and Season Ticket Loans
Would lenders normally expect interest free season ticket loans to be included in debts when assessing mortgage affordibility? I'm assuming yes.
-
Advice-valuation a lot less than thought.
Hi, Hope someone will be able to help, myself & my husband are in the process of re-mortgaging as current deal with Abbey expires the beginning of August. At present we are interest only but are looking to change to repayment. We are currently in the process of applying for a mortgage with Natwest which I was under the…
-
House buying help!
hi. advice please! My partner and I are looking to buy a property we have had our offer accepted on by the seller. problem is, we've tried to get a 90% LTV mortgage from natwest and it got declined and got referred to experian but office was closed by time i phoned. i done a few online credit checks and didn't seem too…
-
General consolidation...
Hi I'm not that new but hardly ever have time to browse here. My husband recently lost his job and his new job doesn't give us as much money each month to cover the basics. One thing that it possible to do is consolidate our CCs. We currently have a house worth about 140k, with 100k mortgage on it. We have 8k on a load for…
-
60+ Mortage
My parents in 1990 took out the above which is a loan where funds are released for their own use ( £12500 ) and payments of interest are optionally deferred, and the have not made any payments and have now both passed away. interest is charged to the mortage at the standard variable mortage rate, currently 2.5% and is…
-
Northern Rock Issue- HELP
Do we have a case here..... We got a letter from NR saying that there had been a shortfall in our mortgage redemption and we owed them over £300. (this goes back to nov 2007!) I knew there was something wrong here so when i checked sure enough we had evidence to show we had paid this. I had written who i spoke to and also…
-
B&W mortgage, cant get remortgage elsewhere
Hi All :hello: Just had the mortgage advisor round for a chat about our fixed rate deal which is coming to an end in August, its a 5.69 % 2 year deal with the now doomed Bristol and West. The bad news was that we cannot get a mortgage deal elsewhere as we are teetering on the edge of negative equity (we had a 95% loan as…
-
Early repayment charge
I am curently just over 1 year into a fixed rate 5.34%. My early repayment charge is £6767. I phoned my mortgae company a few months ago who said I would go onto the standard variable rate if I switched now at about 3.5%. I have just phoned up now and they said I would actually go onto there based rate tracker of 1.49%…
-
Broker help - self certification amongst other things!
Can anyine give me some advice? I am looking to purchase a house worth 295k, and require a mortgage of 265k. I don't want to sell my current home which is worth around 170k with a mortgage of around 98k on it. We need to remortgage current home to raise deposit for the new one I think. We have our own business and…
-
5% builders deposit???
can someone help clear this upfor me. 1) new build @ £158,000 developer will include 5% deposit bringing it down to 150,100, i have a 10% deposit of the 150,000 (15000) making in total a 15% deposit. 2) The developer has said they can either sell us the property at 150,000 without deposit, and we have to find our own. or…
-
2nd Mortgage - Totally Stuck!!
Hi, I currently live in a terraced house I bought for £110,000, it has been valued at £122,500. I have seen another property I am really interested in for £122,900. I am trying to find a mortgage based on a 90% lend on a 2-3 year fixed rate. I am planning to rent my current house and move in to the new one. I have…