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Mortgage Overpayment - How To?
So sorry for such a silly/basic question. I have a C&G mortgage which is paid by standing order from my Halifax current acct. How would I go about making an overpayment? Do I need to contact C&G? Send them a cheque? Or use online banking to bung money into the mortgage like I would BACS a payment to mate's bank acct to pay…
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Keep as savings or bung in a 'One Account'?
Hi all, any thoughts on the following.... I'm single and solely responsible for me, the house and the cats... for various reasons I changed to part-time work a year ago. I remortgaged (6 month deal now up) to get a better deal and took out £20k extra as a 'safety net'. I intended to take a certain amount of this out…
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Independant Financial Advisor
Does anyone know where I can find a local IFA who won't rip us off? Ta Nix ;)
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Overpayments
Hi can anyone explain to me how i work out the effect of overpayments i may make on my mortgage? It has 24 years to go, and although i currently only pay £30 extra, i hope to increase this once my debts are gone. Are there any online calculators? My mortgage is in two parts as we took on additional borrowing. The main one…
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Advice Needed - should I overpay my mortgage or Pension?
Hello All, This is my first ever thread, not really sure if this the right place or I should have to put this on the pensions board (apologies). I have worked out that I can spare about £100 a month. Now the question is do I overpay my mortgage every month or increase my Stakeholder Pension? The figures are as follows:…
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Disadvantages of Registering with Land Registery
Are there any advantages/disadvanatges of registering a property with the Land registry.
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80% deposit in cash, but what to do with it
It's a lovely 'problem' to have, I guess, but I'd like advice on how best to use a large cash sum (currently in ISAs and a PIP) which my partner and I would like to use towards buying a house. We wish to buy our first property for around £90,000, and we already have approx £70,000 in savings. We are both in our mid to late…
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Deeds in our possession - Is this normal?
Hi On our quest to reduce our mortgage, last April we moved from Woolwhich to C&G. We actually received the original copies of our deeds with no explanation. Is this correct? Why would then C&G charge us £225 at the end of our mortgage for? I have not as yet talked to C&G for clarification and be interested to hear if this…
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can they make my friend pay off his mortgage?
today my friend rang mortgage provider and told them he wanted to pay off mortgage apart from £1. he left £1 there because (a) mortgage provider will hold onto deeds and (b) he may want to borrow against house in future. mortgage provider calculated redemption figure; said they would put stop on monthly mortgage payments…
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AVC Pension vs Extra Mortgage Payment??
I'm 42 and I currently put in 15% of my salary into my pension at work as an AVC. I am about to buy a house and will soon have a mortgage of between 150,000 and 225,000 Which is better? 1. stop making AVC payment which I think are about 6,000 which would give me about 4,800 pounds to go into the mortgage each year to pay…
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Reduce monthly payment or length
Hi guys I'm a newbe so take it easy on me. I'm going to overpay on my Mortgage by around £2000. When I do so I will be asked: 1) would you like to reduce how much you pay eash month or 2) would you like to reduce the length of the mortgage Which is the best option? I usually go for 1. Thanks
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Help please am a dunce!
Got a small pay rise thought great can overpay into my mortgage every month, not much but it makes a difference, then i read this and got very very confused.... 'If you do not takes steps as described in 14.4 (writing a cheque etc) we will be unable to treat the extra payment as money received or the credit of your…
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hsbc new mortgage range soon
Im switching mortgage soon to get a better deal than the abbey can give me .After talking to hsbc they tell me they ar releasing a new mortgage range including tracker mortgages ad discounted deals too. Should be released within days
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£5k - into joint mortgage or individual savings account?
I have a Norwich Union portfolio bond that has given a dismal, virtual 0% return in the five years it was invested. So at present I don't really miss it or take notice it. My OH and I both sold our houses and boughtour currrent house e both putting in the capital we made Me :£54,000 OH:£25, 000 Mortgage:£75, 000 (initial…
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Pay off the mortgage or pay the tax?
Hi all you clever people out there can someone give me some advice ? We have just paid off the mortgage on our main property but we also have a buy to let property which has a mortgage of £36,000 outstanding and is let to my son & girlfriend at a below market rent. The monthly repayment is about £145 per month and the…
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A&L 10% repayment option
10% Overpayment Facility – Customers who choose one of these products will have the option of making a one off annual payment of up to 10% of the Interest Bearing Balance (IBB) on their mortgage (without incurring any Early Repayment Charge). Any such overpayment must be for a minimum amount of £500, over and above their…
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Overpay on mortgage or cash ISA??
Hi not thinking straight tonight so this should be a really easy question to answer? I have £3k to either overpay on the mortgage or put into a cash ISA. mortgage - Nationwide 4.89%, 5.9%APR, daily interest Best cash ISA - 5.2% I can overpay any amount on the mortgage and there's no problem getting money back out from the…
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What would you do??
I am in a fairly good position to enable me to pay my mortgage off early but was seeking opinion on the best way to go about it. Repayment Mortgage stands at £79000. I have 2 endowments maturing in 2013 that will pay together @ 4% £66000 costing £189 PCM. One with the Pru, who seem to be on the road to recovery given the…
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Does Anyone Know What Is Best, I Need Help
Does anyonw know if it is best to make overpayments per month and reduce the term OR pay a lump sum at the end of each year? will it make any difference? :confused:
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4.29% fixed 2 years ? Shd I use Isa Money
My offer of a house has finally been accepted and now am in dilema. I have a found a good mortgage rate 4.29 % fixed for two years but have a question. Should I put my taxfree savings down as deposit and take out a £85000 mortagage or should I keep my tax free savings i.e Isa and Tessa and increase my mortage by £20000? I…
