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Is it worth paying the redemption?
Hi all 60% of my mortgage is currently tied in at 5.68% until 2018, with a redemption fee of £3450 to get out of it. About 3% of it is at 5.88% until 2018, another sizeable chunk has until 30/04/09 until it's off the fixed rate (4.54%, and will cost me £2000 to get out of now) and the remaining portion is on SVR. I'm not…
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mortgage with a ccj
Can anyone help me and give me some info on credit ratings and mortgage? I have a default from 1999 on my credit rating for £10,000 and no other problems on it. It was for a loan I took out for a partner to buy a car. I have a residential mortgage (3 years) without any payment problems. As I have a growing family, I really…
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Quick question on mortgage with Mortgage Express
Hi all, I've got a BTL mortage with Mortgage Express, currently on a fixed rate of 5.35% that runs out in June. I've just dug out the original paperwork to see what the rate will be when the fixed rate ends and this is what it says... Interest rate type and interest A fixed rate of 5.35% until 30/06/2009 A variable rate…
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BBC 1 'Repossesed - Upsetting To Say The Least!
Just watched a 'Tearful' documentery on BBC 1 - Repossesed. Charted 3 couples who ended up in a 'Dire' situation at the hands of their Lenders. Norman, The car salesman who battled on trying to make any money and had days to 'Abort' a repossesion order on his house. Alan, The self - employed worker who had an offer of…
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Will a DMP affect my mortgage deals?
I'm sorry if this is an obvious one..... My fixed rate ends on my mortgage in July 09 (I know, it's a while off yet!) and I have been on a DMP since Aug 08 - will this affect the options for any new mortgage deals? I'm on a 6+% deal at the moment - the number of lenders was reduced due to the type of building and the fact…
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Fixed rate coming to an end...
Our fixed rate mortgage is ending in April. On the paperwork it says that afterwards it will be at a variable rate 1.5% above the Bank of Englands official rate. I know I probably sound a bit dumb but does that literally mean that with a 2% or maybe less base rate that we will be paying 3.5%, thus it isn't a good move to…
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Recommendation for Kent Reliance
Just wanted to post in praise of our mortgage provider Kent Reliance. We have a variable mortgage with them and so far they passed on every rate cut in full. With tales of many banks trying to wriggle out of them I'm pleased with our mortgage provider treating us fairly. We can also pay lump sums and make overpayments…
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Nationwide pass on the full 0.5%
From Mortgage Introducer.
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Mortgage deposits
Hi, I hope someone can help, we are looking to buy a house. We are looking to buy a house and my parents have offered to gift us some money to put towards the deposit. We have saved £10k and are being offered an additional £20k by my parents. The complication is that we have decided to buy their house. Does this now…
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You can't take out a Standard Variable Rate anymore?
Hi, I have a mortgage with the Halifax and have just finished my Fixed rate. I am now on their Standard Variable rate (SVR) of 4.5%. I had seen with the latest Bank of England Rate cut that other companies had lower SVR's such as LloydsTBS at 3.5% and so thought I would enquire about remortgaging to them on to their SVR.…
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SVR - Please help
Please help. I took out a mortgage with GMAC back in 2007 and a few months after I took out the mortgage it was sold onto MAS NO5. Now that I have reverted to a SVR and MAS NO 5 are charging me 4.99% interest which is now 3.49% above the bank of England base rate and they have no intention of brining it down. If my…
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URGENT! Barclays tracker mortgage holders! You Have to REQUEST drop in mortgage!
:mad: We have a Barclays tracher mortgage that follows the BofE rate. We have been trying to get through for two days to find out how much our mortgage payments would drop to. Eventually got through to be told "no change"...why? Because we hadn't formally rung up to request that our rate drop!!!!!! :mad: Am I wrong in…
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Mortgage rate increase by 0.45%!!!!
Dear All, Unfortunately, I have a mortgage with a complany called Redstone. Two years ago they were the only ones who would entertain me. I had then a fixed rate of 6.800% for two years. I have tried to find out what will be my new payments as of 1st march 2009 as the fixed rate runs out 28th Feb 09. They won't quote or…
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Repayments on an offset, tracker mortgage
Please can somebody out there assist me. My son is about to move to a First Direct offset base rate tracker for £225,000 My question is this: If the interest part of this is say £350 per month and he pays £1,350 per month does his capital loan reduce by £1,000 to £224,000. This would therefore mean that each month he was…
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Fix rate ending May 09 When to look for a new deal
Our fix rate (4.99%) is ending at the end of May 09 and we are currently with HSBC with a 100% interest only graduate mortgage. We are due to be switching to repayments at the end of the fixed rate. Currently we are due to go onto the SVR which I believe is going to go down to 3.94% on the 6th of Feb, but obviously don;t…
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Some advice, fixed rate finishes in July maybe have some foolish ideas
Hi, I would like some advice on what I should be looking at doing when my current fixed rate finishes with BM in July this year. Our current mortgage has £236,270 remaining as of now, currently we have 24yrs 7months remaining (i'm 30 and wife is 32) and the monthly payment is £1486 Using the online house price calculator…
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Fixed Rate Mortgages
With the likelehood of a further reduction in interest rates imminent can anyone tell me why the Government is not also helping those who are on a Fixed rate mortgage. I appreciate that you commit to this when taking out a FR and their is of course always the chance interest rates can go down but in the current climate…
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Egg - Identity Fraud Problem?
(re-posted this with more sensible title for users) Just wondered what money savers thought about a little problem that I have just discovered with my mortgage company, Egg Had a Variable Rate Egg Mortgage since 2000, overpayed £100 per month and was was quite happy with them. When the interest rates started to drop we…
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Lloyds TSB Staff Mortgage Rates
Hi there. Just wondering if there are any Lloyds TSB staff out there who can let me know whether they offer any discounted rates on C&G mortgages to staff. Thanks!
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Should I Take the hit on ERC for better deal?
Hi all, First post so bear with me. Just looking for an opinion. I have a Natwest mortgage on a 5yr fixed at 6.45% ovr 35yrs I am into this mortgage by 13months ERC is charged at 5% 1styr,4% 2ndyr.......and subsequently till end of 5yr fixed term. Since the "Credit Crunch' the fixed rate deals have changed They now offer…