Best mortgage deal uk

Questions and Answers

What company is the best to re-mortgage through? UK only please?

Q) Our current deal has ended through Northern Rock, We where going to re-new our mortgage through them but now I dont know! we havre tried sending infomation to them 6 times they still dont revice it or lose it or need more info. Its really upsetting and stressful. does anyone have a recomondations? we wanted to get some extra capitial as well on top to reduce our outgoings each month. Thanks!

A) bank of england!!!

Best mortage provider in the UK for fast payment of mortgage?

Q) I want to buy a house worth about £100,000 but i will have about £25,000 a year spare that i want to plough back into my mortgage to get it paid off really quickly to avoid paying too much intrest. i looked at www.oneaccount.com which seems the best as no penalties for early re-payments (in fact they encourage it!) but i want options. I think Virgin does a similar deal where you can pay off your mortgage really fast with no penalties. Any one done anything like this with a 'one account' like this and can advise me who to got to? In response to 'take two'.....i dont HAVE a mortgage lender thats what the whole question is about!

A) This may sound tedious but your best bet is to actually make an appointment with various mortgage lenders and sit down and talk with them. Every situation is different and these days banks are capable of tailoring a mortgage to your requirements. Best of Luck

any HSMP visa holders got a good mortgage deal?

Q) I came 2 UK past 3 mnths ago with 2 years visa (permanent employment)am I eligible to apply for the mortgage upto 95% & also I need 2 know d mortgage lender providing 4 us.Advance thanx for ur answers

A) Hi, Yes, you can get. Checkout http://mortgage.creditmortgagepro.com for some useful info and tips. Good luck!

What will happen if I stop paying the mortgage. UK law only please....?

Q) My partner and I have seperated. I have paid the joint mortgage and most of the bills for 4 of the 6 years since he has been self employed. I want to buy him out but he refuses to accept this as a deal even though it would give him a sizable sum. He said in our city he can not find somewhere in his price range. I have suggested he rent til he finds somewhere or find a lodger and run the returns as another part of his business. Or even find a part time job til his business picks up. He said he wont be rushed and wont consider any of the above. I would like to get on with my life and have considered defaulting on the mortgage and renting for the next 6 years. What would you do in my situation? What do I stand to miss out on by doing this? What I really need to know is how badly would this look on me and what would it do to him?

A) Yes you need legal advice, it sounds like he is just being awkward to me, if he has gone, then why wouldn't he want his share of the house? Take it he has gone back to his parents rent free. Well I think you should become landlord here, and make use of an opportunity to let room(s) out in your home to make some cash. This will ease a financial burden temporarily and introduce some changes about the place. And a change is as good as a rest. If he sees that you are letting rooms he may then sell his part. At that point you should re mortgage, pay £600 to get his name removed and take an interest only mortgage or longer term in order to keep the property. No doubt you have lots of equity in it assuming you have been there 7 or more years or so... It may be worth selling if you downsize you loose the letting opportunity stop gap. In the meantime keep paying as you will affect your cretit ratings, you must talk to the lender FIRSTLY! Speak to them and they may offer a payment holiday or they might contact your partner for you. I would't rent, what and let some landlord get rich at your expense! PAH!

Mortgage question UK!?

Q) Who has the best deal on at the moment on fixed rate repayment mortgages I thought it was the halifax but having just got a quote on a 80k mortgage it was far more expensive each month than i thought.....£650.00 per month!! (I think it's a lot!)

A) hey we are are all screwed that is expensive for an 80.000 mortgage

Pay off mortgage quicker in the UK!!! How!?

Q) Firstly, I've done the obvious - reduced my term left on the mortgage & increased my monthly payments.... and I shop around for the best deals for my mortgage. However, in my constant search to find out other ways of reducing my debt to the provider quicker to become mortgage free sooner, I'm now a bit stuck so I was wondering if anybody has ideas on how to go about this. Can I say, I've considered selling my organs but even I thought that to be a bit extreme!!! (hehe!!) Any ideas would be greatly appreciated!!!

A) Find more money: how much would you get for the wife and kiddies? Seriously though, generating more cash sounds like the only way you can improve things. For instance, getting rid on any credit card debt is the number one way of reducing outgoing. Then checking out the insurance deals for house and car with a view to reducing premiums. I take it you are not buying any morgage payment protection insurance? If you are, get rid of it: its a huge rip-off. Are your savings getting the highest interest for you or would you be better off leaving yourself a three-month cushion and spending the rest on reducing the capital on your morgage? Next, have a look at your utility bills. Gas prices are falling, are there better deals out there? Same with electricity and telephone. Is your household insulation up-to-scratch? Have you fitted low-energy bulbs and reduced the settings on your thermostat to the lowest possible (both for heat and time duration)? Another long-term saver is to check out your fridge and freezer settings: if they are set too cold that is pennies-per-day dripping away. Over a year that makes a difference. You are getting the general idea. Don't over-do it though. I have known people who have taken it to extremes and it has resulted in unhappiness and divorce. Good luck!

Is there a mortgage or a loan company that deals with mobile home purchases in the UK?

Q) I am thinking of buying a mobile home at a mobile home park as a residence.

A) Hi, the park owner may well act as a broker for the finance companies, so ask them. These lenders/brokers are also active in the market - RoyScot Larch - 01235 438280 - http://www.royscotlarch.co.uk/ Park Home Assist Insurance Services - 0845 402 0631 - http://www.parkhomeassist.co.uk/ Lots of useful general info. from the government publication "Mobile Homes: A Guide for Residents and Site Owners" - http://www.communities.gov.uk/index.asp?id=1151814 Hope this helps !

irish property owner living in uk wants to mortgage property to buy to let in uk having no work/credit record?

Q) in ireland but good work/credit record in uk.can anyone tell me of a bank which deals with this type of business

A) No but I know a man who does - see below.

uk law question about mortgage deeds?

Q) my partner and i live together, we have two children but are not married. the mortgage is in his name, simply because i have bad credit from debts when i was younger, and having me on the mortgage would've upped the payments as we'd have been high risk. i put 30k down into the house, and so we have something written up to say i'm owed that after the sale of the house. but what i'm concerned about, is the fact it looks like we're about to split up, but he will be leaving the house, and i'll be paying the bills and half the mortgage (at the moment he pays everything, but i don't want to up-root the kids by selling the house, so will be getting a job so i can stay here), so i want myself added to the deeds, but am not even sure if this is possible and whether it would affect the existing mortgage in anyway. it seems odd that i could stay here and pay my way and deal with improving the house etc, yet it's technically his house

A) you would have to buy him out of the house, then your name would go on the deeds, i did this when i got divorced. im sure You cant put your name on the deeds if your not on the mortgage anyway i dont think your ex would let you do this because that would be like just signing the house over to you. if he allows you to put your name on the deeds and not the mortgage then that means you own half the house without any commitment to the mortgage and you only put in 30 k, so legally you could then sell it and walk away with half of whats left after paying off the mortgage.....a good deal if he's willing to do that, you need legal advice, if you can afford to pay the mortgage why not see a financial advisor about getting a celf cert mortgage as you already have 30 k in the property.

student mortgage?

Q) At the moment i am reanting with my partner in UK, Plymouth but am researching mortgages; our current combined income is about £18000. Someone at uni told me i could get a large100% mortgage, from natwest as long as i rent it out for 3years. BUT i cant find this anywhere on the natwest site. Do you know if it exists or if there are any other good 100% mortgages deals available?

A) A site I like with a lot of info is at http://www.refinance-and-loans.com/ . Don't know if they cover the UK, but you might start out there and see if there are any brokers listed for the UK who you might talk to.

UK Mortgage Situation Question??

Q) What do you think the situation with the mortgages etc... in the UK will be like in October? Do you think the rates will be better, and the mortgage companies will have lightened up at all? I'm just asking because i'm with Northern Rock and my fixed rate of 4.89% ends in October at the mo it looks like the best deal I could get is about 6% when I have to remortgage. Also I will be on maternity leave in October which is why i'm hoping they will lighten up a bit, hope that makes sense? I know no-one can fully predict just wondered what peoples opinions were?

A) The trend appears to be downward due to affordability. Now people appear to be borrowing 5 x their income and its the norm. I think its going to go down but only borrow what you need and make sure that your look up what the application fee is as well, as there are some that are charging £500 and others £999 in upfront fees. Its the building societies who are not passing on the full drop in the interest rates on to the customers at present. If the interest rates go up too much there would be mammoth problems for millions as people have borrowed so much in comparison to their income. Good luck with the baby, by the way.

Question to people of the UK - 100% Mortgages?

Q) Abbey have now pulled their 100% mortgage deal meaning that first time buyers have to find 5% deposit in order to buy their first home. Doesn't this mean that people will just carry on renting and never be able to get on the housing ladder. I find it all a complete joke how the younger generation having got a chance. What do you think? Do you have any ideas as to how a young couple can get on the ladder when they don't have much in their savings?

A) Yes, people will never be able to get onto the housing market in the UK! It's an absolute joke! By the time I'm ready to buy a house, prices will probably have doubled! So most likely in the long term people will be living at home for longer and buying houses in later life