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Mortgage free and living in France
My husband and I are going to move to France and be mortgage free but we have a dilemma. We have accepted an offer on our house and are now not sure what is the best plan of action. We are going to move to France, intitially to rent a property, and then in 6 months or perhaps one year on, we shall review the situation and…
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40k lump sum or overpay per month
Fixed rate 5.5% until sept 08 with a 68k mortgage. Can overpay upto £2,100 per month without charge - would this be better than paying 40k off with a 3% penalty. Thanks for any help you can give.
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Advice needed Please
I was wondering if I could get some advice on my endowments. Both are with L & G the original one taken out to pay off the mortgage and has 10 years left to run and the second to top up the first as it is under performing - now theres a surprise!. I have re mortgaged for £55,000.00 so I will be able to make overpayments…
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Advice/Opinions Needed!
Dear All Without going into details I'm splitting up with GF and I need opinions/advice to how to proceed. The outstanding mortgage is approx £36k and 9 years left to pay. Monthly repayments excluding insurances etc equals approx £420. The house is 85% in my name. Leaving aside any discussion on the division of equity for…
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Unsure on mortgages
Hi I am currently trying to get my first mortgage and am having trouble getting my head round everything. The naive part of my sticks all my information in and picks the mortgage with the lowest amount to repay over the period e.g. 2years. now how can I find out what penalties each mortgage carries? I have already decided…
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Am I Mortgage Free?
I remortgaged late last year to an offset mortgage with Scottish Widows and I have worked hard over a twelve month period to build up a pot of cash in my Mortgage Deposit Account that now matches the outstanding balance of my mortgage - woo-hoo! However, rather than just pay the whole thing off, I intend to arrange for a…
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I wanna be mortgage free!
Looking for advice. Currently have 22yrs to run on my mortgage and owe £75k ish on a house now worth £115k. I pay monthly payments £500. I have £1700 coming in and usually have £150 left at the end of the month although this goes up and down according to the time of year. I have £3k in an ISA and around £5k elsewhere. I've…
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Hello All - I'm New
Hello everyone, Just thought I would introduce myself. I have been visiting the site for about a year but have never posted before. I'm so glad this MFW forum is here as I am obsessed with the idea of becoming mortgage free and it drives my other half mad. So far I have managed to knock 9 years off the term by changing to…
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Std Life Shares V Mortgage
I am currently trying to pay off my mortgage as quickly as poss.(and succeeing!!!) I have a dilemma - I have 641 Std Life shares worth approx £1700 that i got "for free" I have a mortgage fixed @ 4.89% that i can overpay whenever i like very easily (debit card) with no penalties Should i keep hold of my std life shares for…
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Daily Interest Query
Hi to all MFWs; I've been checking the balance on my mortgage (fixed rate, c. £35000) since mid-September and average daily increase is around £4. However, between 27th Sept and 1st Oct daily interest equals to around £10 per day; then reverts to around £4 per day. Is anyone aware of why this happens? Tar for any info.…
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morgage payments increase
I'm still at odds trying to get a straight answer out of the chelsea buiding society as to how they reached the figure for the 0.25% interest rise. they say its balance x interest x morgage term. what i'm stuck on on is the "morgage term" if i am on a daily interest account why should the "morgage term" come into the…