Q:I am currently in month 3 of buying my first house, everything is done my end and im despirate to move, i gave up my rented flat last month and i am living with my grandparents. I have been informed that the deeds to the house i am buying have been lost, the seller want to take out an indemnity(sp) policy so the sale can go through (5 in the chain) how does this work, and will my mortgage company release the funds on action of the policy?
sorry for asking here but i cant phone my mo
posted in mortgage by admin
Q:Hi,
I'm going travelling for 2007 and so plan to rent out my flat.
I've just had a meeting with my mortgage company (Halifax) and they have advised that they will have to move my mortgage from the fixed rate i am currently on to a Buy to Let mortgage which is ~£100 per month more expensive!
On top of this they insist that they will charge me a new product arrangement fee of £499 for doing this – I couldn't believe it, £499 for a little bit of paperwork.
W
posted in mortgage by admin