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Fixed in current climate ?
Hi All, We have just come off a fixed rate mortgage with the Nottingham we were paying £500 a month but have dropped to their SVR which is costing us £578. We have always had fixed rate mortgages but wonder if its worth holding out for interest rate drops in the next few months ? I know its a big questions but can anyone…
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Reduce mortgage with credit card?
Hello, Im just looking to bounce an idea around to see if people think its viable. Currently have a 105,500 mortgage at 7.09% interest only (deal ran out last month). My house has only been valued at 115,000 by abbey when I applied for mortgage (a bit of a shock, when broker thought it was worth 150,000 but no houses have…
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Looking for a calculator which will show mortgage balance after 1 year?
Hi, I've had a one yr fixed with Chorley and want to check that the redemption figure they've quoted me is correct. It was 155k over 11 yrs at 4.99%, what should the balance be? Anybody got such a calculator? Thanks
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Successful Compensation Claim
Some of you may remember that I started a thread in early July, complaining about the service we received from Natwest and the processing of our re-mortgage application. Well, after finally completing on the agreement I sent a 5 page letter to Natwest's Complaint Division, asking for compensation for the troubles. I seem…
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Joint or solo mortgage?
Hello Long time lurker, first time poster so please bear with me! We are looking to remortgage our home as our current deal (NR) runs out in Nov. It is currently in my name only. I earn £24K. My OH is self employed (just completed his first month) and earns £30k (no outlay so all 'profit' bar tax etc). Can he self certify…
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Advice please negative equity deed of postponement
Hi Everyone, a bit of advice please .... We have a fixed rate mortgage with Northern Rock which ends in september, we had been given a ridiculous new repayment nearly £250 more than what we are paying now which starts in September. We have applied for a re mortgage through Abbey, which has been accepted on principle as it…
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Remortgage as bridge, moving abroad. Bad idea?
Hi all So, we'll be moving to the USA, prob in the first half of 2009 and want to buy a house in advance of going over there. As I've found out, it's very difficult to get a mortgage loan over there until you've built up some history. I did get a quote from a UK broker, but it was very expensive. Plus, as we're looking at…
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Remortgage advice req--Northern rock
hi folks looking for some advice my current NR fixed rate ends on 01/10/08.. looking to remortgage estimate value of house - 105,000 - (house nxt door currently on market fixed price) got roughly 77750 left to pay. Prob is i need to pay back "help with cost", of £1000 if i remortage b4 01/04/09. so if i add that onto…
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Bit worried...95% mortgage
hello just want some advice please... me and my boyfriend brought a house end of last year 100% mortgage -repayment on £129500 house (we dropped the house by £10,000) plus £3000 worth of fees, at 5.88%. at the time we were told not to go for a 5year so we opted for 2 year-big mistake! never mind anyway, we are really…
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advice on 10 year fix rate offer
I have been offered a 10 year fix rate at 5.8 for a 60k remortgage. I wish to repay over 12 years max. advice would be welcome.
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to cash or not to cash that is the question!
Hi I have just been reading about someone with an endownment policy who wants to know if they should cash it in. We have a policy with Scottish Provident which matures 2014 for which we pay £13.70 per month and the target amount is £10K. Is it worth us cashing this in now? It isn't attached to a property. It says with…
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Changing First Direct Mortgage application to a newer product
Hi, I have recently started the application process to remortgage to a FD 3 year fixed rate offset 5.95% mortgage deal which has £299 in fees. I notice that FD are now offering a tracker at 5.98% with no fees and no surrender admin fee for the life of the mortgage. The first part of my query relates to a comparison between…
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bad bad barclays!!
Hi all We have just had an ordeal with Barclays that I thought you should all be aware of. In July we requested our reserve to be increased, after spending over an hour on the phone we were told no problem. I had told them that we wanted to go to a property auction as there was a few we where interested in, I was told go…
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fixed or tracker?
what is best to go with at the moment? We are FTB in the UK ( owned property in South Africa before) we found a house we like, it was on the market last year at 315 but the sale fell through and due to divorce they want a quick sale so it is now 250, a big drop so we don't feel we need to wait for the price to come down.…
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Mortgage Advise Please
My deal with Alliance and Leicester will run out at the end of October, if i dont take out a deal it will go onto a variable rate of 7%. If i do that then say in 6 months they have a good offer available does anyone know if i can then take out a deal with them without doing a credit check? At the moment i dont need to do a…
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getting a mortgage with parents?
hi, im hoping some one can clarify how this works. a few friends have taken out mortgages with their parents, i have asked them how it works but they dont seem to know! -presumably their parents fa's dealt with it all.... my interest in this is that my and oh's parents have the ability to obtain a 95 (maybe even 100?%)…
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Overpayment On Mortgage
This is my first posting, please bear with me! We are looking to over pay our mortgage to enable us to stop working full time sooner. We owe £41,900 (£23,500 Interest only, £18, 400 repayment), have 6 years left and are on a fixed Mortgage until 5/09 at a rate of 5.29%. We pay £413 per month. We've had advice to overpay on…
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Worried about getting a new mortgage
Hi, My husband and i are planning on selling our flat and moving into a bigger house but i am worried we wont get accepted for a mortgage. We have in the past been late paying credit cards but these are all up to date now, i was late paying my mortgage last month due to me miscalculating with the bank (i took too much…
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Mortgage Ideas
I've been renting happily for 13 years, but now want to buy a house at say £250k with £50k down. The reason being to have some long term security. The issue is is that although I earn about £60k pa, I'm 54 and not sure about taking on a 25 year mortgage. My wife is 38 and earns £10k so retiring in say 10 years might leave…
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Do I Cash In Standard Life Endowment
Premium £46.30pm Cash in value £15,500 (surrender - may get more from TEP) Sum Assured £37,620 Guaranteed on Maturity Oct 2015 £19,500 3.75% > £22,800 5.50% > £25,700 7.25% > £28,800 MC80 with profits plan I don't have any financial pressures and little need for life cover and the policy is no longer linked in any way to…