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one account
does anyone know anything about this? does it really work with shrinking your mortgage? any advice would be really appreciated. we are with c&g at the moment but were thinking of seeing what other better offers we could get on mortgages if we had to swop to save some extra money. thanks Jo
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Is it worth keeping endownment
After a little property development I've managed to pay off my mortgage :D . I still have the endownment it costs me £80 pcm is it worth keeping for a cash nest egg in the future, if so should I even consider adding to it or sell it at some point. It has 14 years to run Thanks
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one account
hi have just paid my mortgage off using rbs one account and iam in the process of looking at a new house where the mortgage difference between my old house price and new will be £60000 and wondered if anyone had any comment as to wether i should stick with one account capital and interest loan or is there something…
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Offset Mortgage = Savings....what next
I currently have an offset mortgage and I have manage to offset the whole amount. circa 50k :j (I had to use every money saving tip possible and it's taken 8 years !!) Should I pay off the mortgage? or am I better off paying the minimum every month and effectively have an interest free mortgage? Also, what should I do with…
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Mortgage and ISA
Hi All, I've currently got a offset mortgage with the One Account (5.6%) and have several mini ISA's with the Beverley BS (4.85%) which total over a third of the mortgage value. My idea for the ISA's was to help with my retirement (I'm only 31) - my question is, should I use the ISA to pay off part of my mortgage? I…
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Cashing In Endowments
I have two mortgage endowments with Friends Provident which are not doing very well. Does anyone have any advice on whether I should cash these in and pay off a bit of my mortgage. They both have 12 years to run.
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Some Advice Please
I hope someone can help. My husband and I have sold our home abroad and now have £100k in the bank. We currently have a mortgage of £170k and wondered whether we should either pay this off or use an offset mortgage. Any advice would be most welcome.
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interest only vs repayment.
i am in the lucky position of working in the bank and able to get a great interst rate of 4.59% fixed for 5 years and allowed to make a 10% repament towards the outsanding balance in a year. we are thinking of paying off the mortgage in 10 years with the monthly repayment of 1633.00. our other option is to go for an…
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Process for paying off a mortgage
I have more money sitting in a savings account than is outstanding on my Halifax repayment mortgage so, as long as I've made sure I don't have any need to borrow money for any other purpose in the near future, it makes sense for me to pay it off. I'm a little over 10.5 years into the 25 year term. If I'm too late to…
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should i pay it off?i
I may be in a position to pay off most of my mortgage sooner rather than later.Now that standard Life have demutulised I stand to gain about £2000 from shares.Current surrender value on my SL endowment policy just below £14000(only offered a couple of hundred more to sell)Add the two together = £16000 Current mortgage…
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Mortgage Payoff !
I need some advice with my mortgage please. I took a £38,000 endowment mortgage 11 years ago with the Halifax. The mortgage period was for 25 years. About five years ago, I started to get shortfall review letters from the lender and I decided to pay off £35,000. The shortfall this year at the current 6% rate is just under…
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i'm feeling positive
hey every one , new to this (started last night) really like the chat forums .today whilst whilling away the hours :embarasse (due to still being on the sick ..getting worried now about money ) i looked at other chat forums..got plently of advice and plenty of great ideas..once (and yet again i am in lah lah land) i manage…
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Deed despatch fee
Halifax charge £50 to send you your deeds,that are now held electronically and of no use ,but if you want them its £50.Cheltenham and Gloucester are returning deeds at no cost.If you want Halifax will dispose of them,and no need to pay.I feel that they are mine ,mortgage paid,why should I have to pay,just feel that they…
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Difference between capital repayments & overpayments
Thank you everyone in this forum for the wealth of information. I am confused about something though and would appreciate clarification. My interest-only mortgage was originally scheduled to be paid off in 2013 (with an endowment which has a shortfall so I am not relying on it -compensation claimed successfully). I have…
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How much your Daily interest goes down
Hi I got a mortgage £110,495 4.95% started Sept 2005 Interest calculated daily Daily interest is £14.75 (expensive!!) I was just woundering how much the daily interest drops if i over pay by £100Or £150 per month? or £200 per month? My Mortgage is on the internet banking so i want to check regular my balance. Hopefully by…
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Anyone heard of Mortgage Advice Services?
Hi My mortgage is with Natwest and I have a company called Mortgage Advice Services https://www.mymas.co.uk visiting this afternoon to look at moving my mortgage to them. They have informed me that even though I have been self-employed for only 12 months and don't have audited accounts I will not need to go via the…
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Anyone heard of Mortgage Advice Services?
Hi My mortgage is with Natwest and I have a company called Mortgage Advice Services https://www.mymas.co.uk visiting this afternoon to look at moving my mortgage to them. They have informed me that even though I have been self-employed for only 12 months and don't have audited accounts I will not need to go via the…
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Overpaying to reduce balance - then switch
I am paying £300 overpayment per month. Basically this is so that when I come sell my house in a few years, I will have less capital owing which will hopefully make buying a bigger house more affordable, obviously using the equity in my house as a larger deposit. (If eveything goes to plan!) I don't intend to pay my…
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Taking on a BTL after paying off mortgage?
I have paid off my mortgage apart from a remaining £100 to avoid a penalty period. I can pay off in full next November. I am considering a BTL property. It will cost 70k plus legal costs etc. Similar flats let out for about £375 per month. I have read BTL is no longer a good investment. Can someone explain why? Property…
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Switch to Capital Repayment or just Overpay?
I am two and a half years into a thirty year interest only mortgage of £30 000, my rate is 5.49% at the moment and I pay £138 per month. I can now afford to start paying off the capital on my mortgage and can't get my head around whether I need to switch the terms of my mortgage and make if officially a capital repayment…