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morgage 2year fixd rate near the end what next?
well our 35yr mortgage for £110'000 (£140'000 worth) is nearing its 2yr fixd rate 5.7% (i think) i looked in to offsetting but dont have any savings. earn about 2k (joint) a month and pritty much all is gone by the end. what would be the best bet for a new mortgage deal? we currently pay £580 a month and dont want to pay…
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Pay off mortgage then transfer mortgage into joint names - help!
I've sold my house and have moved in with my partner. The mortgage is currently in his name only but we are thinking of paying off his mortgage with the proceeds from the sale of my house, but we will then need to put the house in joint names. Can anyone advise me what we need to do to do this. His fixed rate finishes at…
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Why can't we see our mortgage transactions?
Hello everyone, my husband and I are also trying to pay of our mortage quickly - we are fairly new to this having only purchased our first house last year, so apologies if I'm a little bit "green"! We've recently started to make overpayments on our mortgage. We arranged the standing order for the extra payment, and also…
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mortgage matters
hi has any one herd of the above my freind is about to take a remortage out with this people but i suspect that they are not any good as her bank has turned her down and she has debts and has allready remortage in the last two years and there is no equity in the house so i would of thought that no proper mortage company…
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What to do
Hi Everyone I have 27k in premium bonds which I am going to cash in I have 2 houses one rented out the other I live in which has a 112k mortgage I also have shares and money put aside for emergencies Should I a. Pay 27k off the mortgage b. Wait for a dip in the stock market and invest in blue chips c. Remortgage the rented…
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offsett, stooze and debt free concept advice please
i have recently taken heart from the mortage free thread posted on this forum the other day from the guy who overpayed and stoozed his way out of mortgage debt, and i have made a decision to do similiar. but i cant decide how best to do it and would value any input, mainly in case i have missed something in the plan i…
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happy quandry
Dear All After very little life and much overpaying (on an offset mortgage) I now find myself very shortly approaching the position where my savings stash plus fluctuating current account will actually outnumber what I owe on my mortgage:T But when I reach that point, what do I do? I HAVE to keep my rainy day stash as I…
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Mortgage Free Competition - Birds Eye
Hi If you want to be mortgage-free have a go at this competition courtesy of Bird's Eye. www.bemortgagefree.co.uk You have to buy one of their products, where you get a code. Everyday they have a £1,000 prize draw, and over the next few months, three draws for £100,000 to pay off your mortgage. Also posted in competitions…
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Mortgage Free Journey
Dear MSE's, Thought I'd share my mortgage journey for information and comment, be interested to hear any thoughts or opinions: 1. Bought first house £54,000 in 1997. Got a rubbish HSBC mortgage (by bank at the time), for 95% value (borrowed rest from Parents). Looking back, was young, naive, HSBC (am I allowed to mention…
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Reducing Uk Mortgage On Mediteranean Property Sale
Hello - I am thinking of selling a mediteranean property and using some of the profit to pay half of my UK mortgage off. Are their any tax implications or anything I should be aware of in transferring the money to the UK and paying off a large lump sum. Any advice on this would be greatly received.:confused:
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3 parts to my mortgage, which bit do I overpay?
Hi Everyone I'm hoping all you lovely people will be able to give me some advice. I bought my house in 1999, I got a 25yr mortgage. My mortgage in 1999 was 62K which was made up 31K interest only and 31K repayment. Got divorced 2007 and had to borrow an extra 18K to pay ex husband out. My mortgage offer in April 07 stated…
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Just paid off mortgage but what next?
I'm just about to pay off my mortage, which is great, but not sure what to do. I'm in an unusual position - we rent a farm from the local authority, which requires us to live in the house that goes with the land and buildings, but we also own (at last!) a house in which my mother-in-law lives. We have signed an agreement…
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I'm joining your ranks
Actually, we're currently mortgage free, but we'll be 54,000 in debt on September 14, all going well. We have a two-year fixed rate (what I prefer to call a "teaser" rate) of 7.44% - I really, really want to pay down what I can, as fast as I can. However, I don't know if it's a good idea to put all our eggs in one basket.…
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Joining the wannabes
Hi, may we join the MFWs ? I've been an avid MSEr for ages and have been reading the MFW boards for months. We are now in a position to join the ranks to keep myself motivated. We have been living in a very small house while my OH has been doing up another one with friend (in their spare time). Finally, their hard work has…
