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Can 2 Mortgages Overlap?
Just a quick one... I am currently selling a property that is jointly owned by myself and partner. We have split up unfortunately. I am buying a shared ownership on my own and she is going to rent. My question is: If my new house gets to exchange or completion before our house gets sold and signed over - am I able to have…
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First Mortgage - High intererest Rates - PLEASE HELP!!!
Hi All!!! I am renting a house since three years and planned to start my first mortgage this year but interest rates highly increased this year!!!! :eek: What should I do? :confused: - Hold on, save a little more and mortgage when interest rates are going down again? (I give £250 to my landlord every month) - Go for a…
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single mum trying to do her best, needs advice on overpayment of mortgage please!
Hi Everyone I am new to this fantastic website and it has given me lots of great ideas:T Could anyone help me? I would like to overpay my mortgage payments. Is it best to overpay on the interest only part of my mortgage (30,400) or the repayment side of my mortgage(43,600) (both 5.99%)? The endowment I took out to cover…
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Over pay then no pay for a bit cos of illness
Saying you had over paid for instance exactly a years worth on a mortgage but then one of your knees exploded and you couldnt work for a year. Do companies let you say ok, or do you have to keep paying anyway, or are they all different? Anyone been in a similar situation?
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editted-have re-posted in mortagages and endowments
posted in mortgages and endowments instead.
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Remortgage's, how do they work??
Hi Gang, Im currentley in my first house and in a few months I am able to re-apply for a different mortgage product, the thing I dont get is how it all works (to sum it all up). I currentley have a house worth 130,000, I have borrowed around 15,000 back of the mortgage people whilst I have been living here over the past 3…
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Overpay or reduce term?
Hi there I'm looking for some advice on what to do when my 2 year fixed rate ends in Feb 2008. I'm looking to reduce what we owe it by either overpaying or reducing the term once we've found a new fixed rate. Our mortage is £100,000 over 25 years at 4.85%. In feb it should be down to approx £96,500. Is there any difference…
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Electoral register
Have added OH to rolling electoral register as read that his absence from it can will cause us problems in getting a mortgage. He will appear on the register when it is next updated on the 2nd of april. Does anyone know how long this information takes to get passed on the the credit agencies and even when it is, will it…
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Early Redemption Fee Return.
:beer: don't think this counts as a new thread but we just wanted to let people know that after sending a&l the template letter we got back £100 of the early redemtion fee. spot on, cheers martin!!
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how long until I'm mortgage free
hi everyone, just wondered if someone can help,I have a halifax tracker Interest rate 6.19%, my mortgage balance on 28 feb was 25,532.13. since then my monthly payment of 930.38 was paid my overpayment allowance of 3,220.60 today. I intend to change mortgages in september when my 2 yr deal ends but stay with halifax for a…
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Getting there thanks to MSE!
Just wanted to say that our remortgage has gone through, yippee! :j This will reduce our interest rate from 6.91% to 5.3% and the term from 9 years to 5. :D For the knowledge and confidence to make this change we are truly grateful to Martin and all the good advice from people on the forums (should that be fora?) at MSE.…
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Need some good advice re: offset
I'm still pondering my options and am trying to decide whether to go for a CAM or offset mortgage. Can someone supply some good advice based on my current circumstances? I have a mortgage of £71,000 with 21 years left. Current discount is due to expire. My monthly payment will go up to £518. I have savings of £20,000. I…
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sholud i add my secured loans to my mortgage to shorten the term
hi everyone what an amazing forum this is would like some help please here is a breakdown of my circumstances all are with halifax mortgage 2yr fixed ends in sept current term 22yrs ballance £26627.22 monthly payment £176.78 loan (a) term left 8yrs balance £8018.28 monthly payment £128.31 loan (b) term left 18 yrs balance…
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Borrow on mortgage to pay debt?
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New here and need advice......
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Agenda for change- NHS employees.
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Best cashback sites?
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First time buyer
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Renting a place, good idea?
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Buying a house, getting a mortgage and renting it out?