Sub Prime Credit Thread Part II

sutton111

kiora wrote: »

Evenign all, how is everyone tonight, I have just sat and catalogued 135 vinyl records and I now have the unenviable task of putting it on a spread sheet.
Hows the Troll hunting going Mr P

135 Vinyl hits of the 80s and 90s!! What was in your catalogue? wham or Shakin Stevens' :rotfl:

Sammy_Girl

sutton111 wrote: »

Are you "back on" with Abbey now Sammy?

No - we had an offer in principle but declined for 2 reasons. When our fixed with SPML ends then we'll revert to a tracker which is 2.45% above base rate so the current rate will be 3.45% ( we were offered a fix by Abbey for 5.69% I think). And secondly, we took out an 85% mortgage 2 years ago, and the above mortgage product was dependent on a maximum 85% LTV, so what with the market falling we didn't think that we would achieve this LTV and I didn't want to fork out £330 for the survey to find out

So, at the moment from 1 April we will save about £280 a month which we will overpay and once we've saved up for the wedding we can overpay again. Then, hopefully we can get a fixed rate again towards the end of the year as I don't like the uncertainty of a tracker!

kiora

Ha ha Sutton
No its my late hubbys stuff everything from Jimi Hendrix, Pink Floyd mostly all 1970's stuff.

sutton111

Sammy_Girl wrote: »

No - we had an offer in principle but declined for 2 reasons. When our fixed with SPML ends then we'll revert to a tracker which is 2.45% above base rate so the current rate will be 3.45% ( we were offered a fix by Abbey for 5.69% I think). And secondly, we took out an 85% mortgage 2 years ago, and the above mortgage product was dependent on a maximum 85% LTV, so what with the market falling we didn't think that we would achieve this LTV and I didn't want to fork out £330 for the survey to find out

So, at the moment from 1 April we will save about £280 a month which we will overpay and once we've saved up for the wedding we can overpay again. Then, hopefully we can get a fixed rate again to wards the end of the year as I don't like the uncertainty of a tracker!

That's alot of money per month to save. £3360 per year, obviously when rates finally go up (not likely at the moment) it would be less, but needless to say that's a healthy saving, you could put that towards your honeymoon.


Where are you going for your honeymoon, have you decided?

PROLIANT

Got my new mobile phone today, traded in my old Nokia N95 for the new T-Mobile G1 with free tinternet, what a beutiful and useful piece of hardware.

sutton111

lovetobedebtfree wrote: »

Not necessarily, MAS No5 will, on ocassion, lend 94% but that is on rare ocassions. At the moment, the general state of play regards Gmac is around 70-80% LTV or forget it. That said, they do still like investments and coach us to base each application on it's own merit and not to use standard procedures as before. In essence they are saying they want to see each application, regardless of what they used to do in the past.

Some come back agreed, some refused and plenty appealed and won (with some lost, i.e. bankrupt/fraud/serial debtor.) It is almost impossible to predict nowadays what will get accepted and will be declined.

I bet you find that alot go to offer then some are withdrawn when it goes to completion, SPML are always doing this , I've heard.

kiora

Nice phone Mr P

sutton111

PROLIANT wrote: »

Got my new mobile phone today, traded in my old Nokia N95 for the new T-Mobile G1 with free tinternet, what a beutiful and useful piece of hardware.

I'm with T-Mobile. PROLIANT I have the N95 8GB, iI would of liked an IPhone but O2 turned me down.

Whats' it's features?

PROLIANT

sutton111 wrote: »

I'm with T-Mobile. PROLIANT I have the N95 8GB, iI would of liked an IPhone but O" turned me down.

Whats' it's features?

http://www.htc.com/www/product/G1/overview.html

sutton111

kiora wrote: »

Ha ha Sutton
No its my late hubbys stuff everything from Jimi Hendrix, Pink Floyd mostly all 1970's stuff.

Sorry for being insensitive, I should of realised.