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Usual story - Fixed rate ends 30th June - what to do??
Hi all I currently have a 5 year fixed rate with Skipton BS which ends on the 30th June. (Skiptons SVR is currently 6.45%) It is a part & part mortgage with 40k being interest only & the remainder being repayment. Endowments due to pay out in 2017 - originally due to cover 58k hence the part & part mortgage. At the 30th…
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New fee - can you help ?
Hi, Over the last year or so, I've been making payments off my mortgage whenever I can in order to pay it off as early as possible. I calculate this will take me about five years. This has been going fine until the last one. This time, the letter I received confirming the payment also stated they had applied a £10…
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LTV on ex-council properties - why so low??
Looking on some advice please from anyone who has information on re-mortgages and ex-council properties (not sure if this just an issue in Scotland.) We are looking to remortgage at the moment and raise some extra capital, however have been told that the LTV for ex-council is 70% max.... Currently we only have mortgage of…
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Scottish mortgage
Hello there, Am seriously looking at properties and we are first time buyers with no property to sell so we are in the best position that a buyer could be. Can anyone tell me if it will be possible to get a mortgage as we had a trust deed paid off over 3 years that has been finished with over 4 months ago now. So we are…
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Mis-sold endowment
Hi I just found out my parents have an endowment policy is it too late to get compensation.They just had a Red alert letter saying High risk of shortfall. the policy is due to mature in June 2013 . the shortfall at 5.2% is £5,200 at 6% its £3,700 and 8% £2,000 Policy is with Abbey Life and mortgage is with Woolwich.…
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Getting a mortgage - Comparison sites
Hi everyone, I'm currently going through a spot of relocation at the moment, and I have just had an offer accepted on a house that I like, so with my hefty deposit from the sale of the previous place I am now on the look out for a mortgage. I have a mortgage broker with a different estage agent to the one I am buying the…
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What does "transfer executed" mean?
Our solicitors have an online service where we can track the stage our house purchase and sale is at. On our sale it says that transfer executed today, what does it mean? Also they have sent our contracts to sellers sols today. We are hoping to complete 23rd May so hoping to exchange soon.
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Remortgage Advice!!!
Just wondered if anyone could give me some mortgage advice. Have just completed 1st year of a 2yr fixed rate on my first property with my partner. She is employed by the NHS but I am self-employed so had to go for a self-cert mortgage last year. I started out my job straight form uni four years ago and have only been…
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remortgage to clear debts
i have been paying into a company dcm apex for 4 years not really happy with them very patronising as evey now and them i get hit with court oders as they make late payments still 14,000 owed to creditors 74 thousand mortgage , 675 behind in payment will clear in 2 weeks has any one sucessfully delt with lower settlement…
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stupid mortgage questions!
Sorry ladies and gents for my stupidity but i have another couple of stupid and probably blatently obvious mortgage questions. Firstly we currently live in a flat. I bought it alone in 2003 for 27k in 2005 with a 90% ltv fixed rate was up so i switched deals and took 5k of equity out the flat to marry my now husband…
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Self Cert Question
I've got a friend who is self-employed and therefore needs to self cert when it comes to re-mortgaging. Please can anyone tell me what the maximum LTV on a self cert mortgage at the moment is? Thanks :D
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Mortgage Deals - advice/help please
I don't know where to start looking. We have 2 houses to sell and buying one. We have 50K deposit We will have no loans or credit cards (we will have paid them off) We have earnings (joint) £38500 (my partner is self employed and has been for 5 years and has accounts). Spoke to HSBC this morning who said that in principle…
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Which mortgage? HELP!
Hi i'm looking for a mortgage of £55,000 over about 6 years. Best monthly outgoing i've found is £903 a month (around 5.9%). Does anybody know of a better deal? THanks!
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Mortgage Redemption and freezing, Help please
I am currently in a joint mortgage and have a year left to run on my current deal. The redemption penalty now is £5000. Is it possible as i am getting divorced to sell the house and freeze the mortgage whilst I find a house of my own, as I am looking to move to wales. And what will happen about the joint part of this as i…
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Specialist mortgage providers
Hello, I hope this is the right place to post this and if not, please feel free to move it. I am looking for a mortgage and have been told that there are specialist mortgage providers for students with potentially good earnings such as medical/accountancy/veterinary students. I have done a search and managed to come up…
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How Long For Decision After Dip Been Agreed
:p Hi there, just to check if anyone knows how long the process takes when full mortgage application has been submitted. I got a DIP (through Abbey) on:28/04 & have since submitted full application, how long does this normally take to hear back. I have gone through a broker & have had all my documents & payslips etc back…
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Is this the best deal?
I am about to remortgage, I have 70% LTV, an exemplary credit history and the best my broker can come up with is 6.79% fixed for 2 years. He says this is because I only have 3 months employment with current employer and says the more competitive deals want 9-12months payslips. Is this the case? I cant understand why I keep…
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Urgent Mortgage Advice Required
Hi All, I'm one of the unlucky people whose fixed term deal is ending very shortly with all this credit crunch business going on and am looking for some advice. Basically at present my repayments have been 700 per month on a 145k mortgage with GMAC. Within 2 months though the repayments are jumping to 1000 per month…
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If you were about to inherit a house...
within the next 10 years and you still lived with your parents, if you wanted to leave home soon, would it be stupid to start paying a mortgage with a partner? Would you just rent untill you inherited the house?
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Pushy Mortgage Broker?
Hi, I looking for a little advice if possible. If you felt like your broker seemed extra pushy, how would you handle it? (without meaning to offend:o ) I was passed details of a broker though a friend (he did her mortgage ect) so i contacted him. He found a deal while we were on the phone (10 yr fixed @5.59% on a mortgage…