NLIC.org

Dan Said:

bad credit lender remortgage?

We Answered:

Say it's for home improvements. They usually don't check unless it is for a huge thing like an extension or granny flat, etc.

Rene Said:

How can i find best remortgage broker in the uk?

We Answered:

try http://www.centralmortgages.com - this company heped me to find good remortgage deal

Hector Said:

UK Mortgage Situation Question??

We Answered:

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.

Fernando Said:

Remortgages , remortgage who is best for remotgages in Uk ?

We Answered:

They are all a big bunch of thief's Homebank Finacial Services are the best by a long long way for remortgaging and mortgaging these guys give a great customer service and made me aware of all my options.

Linda Said:

Interest only mortgage? Is it the best way to go?

We Answered:

Realize that the power of 'amortization' is that you pay very little principal in the first years, and a lot of interest. Typically on a 30 year fixed mortgage, you will pay 1% of the principal in the first year, and 1.1% in the second. Hence if you refinance after 2 years on a traditional mortgage, you will be refinancing 98% of the balance on a traditional mortgage.
Your advisor is making 2 predictions:
1. The house value will rise in 2 years
2. Interest rates in 2 years will be the same or lower than now.
Ask him how he knows that to be true?
If you wish to have an interest only mortgage, do not take one with only a 2 year horizon / balloon. Go for a LIBOR based mortgage, that will allow you to convert at anytime within a 10 year horizon.

Debbie Said:

What`s the best type of Mortgage to get (UK)?

We Answered:

well we are on an interest only mortgage for 3yrs with mortgage express- excellent rates our mortgage is 135,000 over 25yrs and repayments 700 per month (even with all the interest rises recently)

definately a good option as it eases of the pressure of having to repay initially too. it has meant we are able to worry less about the mortgage and get us settled in with all the other bills.

ours is 3yr with a 10,000 penalty if we move/ swap mortgage before then. its not too bad but if we weren't tied in we would have porbably moved by now!