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35k house improvements with owned house
Hi, I am in the very fortunate position of owning my 370k property outright. However, I require approx 35k to perform some home improvements. Are there mortgages out there will assist with this? All the one's I can see are for mortgages with LTV's for 90% etc, whereas I could do one the other way around which would mean…
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Extending the term a good idea for flexibility?
Good afternoon all. Great forum, great advice thank you! Is it a good idea to extend the term when I remortgage in September to the longest I can. Then pay at the shorter term rate to pay off earlier but retain flexibility of a lower repayment if necessary. eg 23yrs = £644pm 30yrs = £519pm So I would repay at £644pm but if…
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Repossession Question
Hi there - just wanted to ask if anyone can help - I currently have more than 1 charge secured against my property and repossession is looming. If the property sells for e.g. £20k less than the amounts secured on the property (due to property prices dropping recently) how do I go about negotiating with the second charge…
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tille deeds
Hi, my girlfriend and I have just been declined a mortgage due to me havin a default on my credit report. Our broker suggested my girlfriend re-apply using her mum as a guarantor. Would i still be able to go on the deeds? We are due to be married in 2010 if this makes any difference.
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Very worried. Is this a bad int rate?
Hi there I have been lurking for a while and wonder if anyone can help. Our current mortgage deal is just coming to an end. We have always used a IFA and the best deal he says he can currently get us is 6.2% fixed for 5 years. This is for £216,500 on a C&I basis. I just can't decide if I should be trying to find a better…
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Sending in Bank Statements
Hi, First timer here! I am currently in the middle of remortgaging and have been asked to send in my last 3 months bank statements to show proof of earnings going into my bank each week. This is no problem as I have money going into my bank each week. However, I have an overdraft limit of £3000 and a couple of times in the…
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Remortgaging thoughts?
My partner's fixed term mortgage is up in September - and I'm moving in then too and we'd like to remortgage and add my name to the deeds/mortgage (as OH's current salary would prohibit him from remortgaging. I've never owned/rented etc so would it be possible for it to me to be classed as FTB? Is it beneficial? Ideally…
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Another Standard life endowment
Hi I am sorting out a remortgage at the moment and possibly going for HSBC life time tracker of 0.99% of BOE rates. My mortgage is £43000 and I am wondering if it is worth surrendering my standard life endowment to pay off part of my mortgage. Value today was current surrender value £18,846.95 Future growth rates are 3.75%…
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Interest only mortgage
Hi I have a fixed for 5 years interest only mortgage and need an endowment to run along side it...or another way to pay the loan at the end of the mortgage term. Can anyone please advise on a good solid product to help me? Jah
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Dumb Question - What Am I ?
Hi Folks, First time poster - hopefully someone can help as am a wee bit confuzzled. Am starting to look at mortgages but due to some personal circumstances am not sure what I am ! I own outright my current home, a two bedroom flat. I inherited it from my late wife when she passed away last year and the mortgage was paid…
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company selling second hand goods
I sent for a breville toaster from an internet company called choicebrand. I never noticed but it said they were graded goods , what they failed to tell you was that they had been used and not cleaned the toaster came to me with particles of food which clogged the toaster. The toaster wasn't cheap costing me nearly £17…
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turned down mortgage twice
hi, does anyone could advice me. we applied for mortage late last year our mortgage offer was accepted by abbey national and bec the property we are going to buy got a problem w/ the heating we decided not to push through in buying, so we look for another property and bec our mortgage offer expired we need to go through…
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Poll: INTEREST RATES UP OR DOWN VOTE NOW!
AS TITLE, UP DOWN OR STAY THE SAME? :money:
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question about deposits
i know this might sound like a stupid question, but when do you pay the deposit on a house...as soon as they have accepted your offer??? we are waiting for the money to come in (hopefully with 6 weeks) but have seen a property now??? thanks in advance
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FTB Highest LTV mortgage deal
Hi, My partner and i are looking for a deal witht he highest LTV, as we have very little deposit. I have read about halifax doing 95% (up to 97% i believe) just wanted to know if anyone knew of any others?? I know its a gamble at the moment having a high LTV, but way i see it is- i'm planning on living there longer than 5…
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Nationwide life time tracker?
Hi I am looking at Nationwides life time tracker of 1.44% above BOE with no fees payable. My mortgage is only for £46,000, on a £300,000 property with 9 years to run. Is this a decent deal, or is there better to be had?? Thanks Sue
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Which of these is the best deal?
The mortgage has 21 years left, £64,000 approx. Which is the best deal on a two year discount tracker from these?* base rate plus 1.14% so 6.14%, this has a £499 fee. * base rate plus 1.44 so 6.44%, no fee. * base rate plus 0.8% which is 5.98% at the moment, this has a £599 fee. Which ever rate I chose the fee would need…
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What is this charge for?
Hi all, I have a mortgage with Abbey. We have just remortgaged within the bank to a new product but still with Abbey. We are being asked to pay 2 charges - A £399 booking fee and a £125 transfer fee. I understand the booking fee but whats the transfer fee for? We aren't transfering anything anywhere....well, one mortgage…
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Remortgage Conundrum
Hope you can help with a common problem I guess. We are nearing the end of what turned out to be a great rate of 4.79 for 2 years with the NW (and we could've ad 5 years AGGHHH) We have a house worth 300K and will have a balace of aound £150k. Best fixed rates at the moment seem to be round the 6.5% mark which is almost 2%…
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Northern Rock
We have an interest only mortgage with NR taken out in 2005 @ fixed rate for 3 years. - £861 per month, plus we paid off an additional £400 per month. In Jan 2008 fixed rate ended and we now pay £1581 per month; being unable to pay off anything else. NR continually phone us regarding mortgage, but won't offer any better…