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When is best time to pay off mortgage?
Hi All, I've a small mortgage (just under £20k), and although I cannot afford right now to pay it off in one lump sum, I was wondering whether there's a good time during the month to get rid of it? :confused: It's a repayment mortgage and payments go out on 1st of the month. I'm making the max. overpayments I can. It's a…
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overpayments?
we have a mortgage that does not charge for us to overpay any amount every month so just a quick question - say for instance I can overpay £400 regularly every month - is there any benefit or any difference by setting this up as a standard bill payment to my mortgage account every month or by organising with my mortgage…
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Difference between "One Account" and offset mortgage?
Hi I've only just discovered the offset mortgage and am trying to find out more about them so this may be the firat of many questions! I've read about the One Account and seen it compared to "an offset mortgage". I thought that the One Account WAS an offset mortgage. Could someone put me straight please? Thanks. Clare
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Offet, Do you pay off balance or keep in account?
Hi Was just woundering what most people do. We have paid small and large amounts directly off our mortgage, but currently have some in savings in the offset linked savings account, like the idea of having some `rainy day` money. Might have paid more off directly but my job is uncertain and do not know how long it will…
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Repayment Acknowledgment
Very soon now we'll be redeeming our mortgage:j by CHAPS transfer, however we don't receive an acknowledgment of receipt of monies transferred. How do we know if the money has been received by the mortgage company and everything is in order?
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DMP / House Sale query
Please ignore, posted in wrong area!
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Can you still claim for missold endowment mortgage
After any advise whether its still possible to claim fo a misold endowment or whether I have missed the boat Any info would be appreciated :confused:
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is 85% a good deal?
ok i have found a local home buyers company that is given the thumbs up by 2 people who lives near my mother that they don't kick you out after 6 months (one did it 2 years ago and still lives in the house) spoke to a guy today and they give 85% of your value and let you rent back indefinitely (im skeptical but 2 people…
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Ignore -duplicate post, sorry. BG - Please delete.
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Hello all just about to start.
Hello all just be reading loads of posts on this Forum and it has made my mind up to start overpaying our mortgage. We currently owe a total of £90413 over 21 years and 5 months. Our mortgage is split into two parts..... Part 1 £59639 5.69% FIXED until 31/7/2019 Part 2 £30774 5.59% FIXED until 31/7/2016 On part 1 we can…
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Life insurance when mortgage free?
Apologies if this is a silly question. My husband and I are planning to become mortgage free at some point next year, and I was wondering whether we should cancel our life insurance then? We have no debts and no dependents.
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Woolwich/ Barclays Reserve Facility
Hi Just interested in your views on the following:- I have a Woolwich old open plan mortgage. The Woolwich was taken over by Barclays. Our mortgage has a £48k reserve facility on it. This morning received a letter from Woolwich/ Barclays saying that if we don't tell them that we want to keep the facility, that we will lose…
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It Pays To Watch, Wednesday 26 March: Why & How Pay Capital Before Interest?
On the Wednesday 26 March programme, Martin said to pay the capital 1st. But he didn't say why, nor how you can specify this. It's not divided into 2 by the lender, is it? And don't you pay interest on the interest? Andrew
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Whoop, whoop! I am going to start overpaying!
Until recently I've been a SAHM. But I have now taken on some part time temp (poss permanent) work. We manage fine on just DH's salary alone, so after nursery fees I've got at least £200 per month spare. Now of course I've treated myself a little, and what I've earned so far is going to pay for blinds for our new…
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Equity releae /'lifetime mortgage'
I took one of these out about 3 1/2 years ago, from Northern Rock< when I was 62. The amount was £27,750, which I needed for improvements to my bungalow (then mortgage-free) and a car upgrade. basically - the deal was, that I pay nothing back, and the amount increases at 6.69% - the whole amount being paid back when the…
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Morgage Express
Hi I have recently got a new morgage with a company called morgage express. not signed the forms yet but got a buy to let interest only morgage (for now because I HAVE to rent it iut) has anyone used them or heard abut them??? Thanks :D
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Mortgage Overpayments
We have recently started to make some overpayments on our mortgage in an attempt to become mortgage free in less than the 25 year term. This is my query: Currently we have our mortgage with Nationwide, it is split into 3 'bits'. The big one is approx £50k, the middle one is approx £35k and the little one is approx £15k…
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does paying off your mortgage affect your credit rating
Hi there I have always been a MFW and have been over-paying each month in order to achieve this. My father died recently and this now means that the estate left will be enough for us to completely pay off the mortgage should we wish to. DH and I both want to but have a feeling that we have read somewhere that you should…
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repo order help
hi we had a suspended repossession order made against us last week, requiring us to pay normal monthly mortgage plus £100. The next mortgage payment is due at the end of the month and we are in trouble! Our business is largely weather reliant and with the atrocious recent weather our income has been nowhere near where we…
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Muddy Waters please advise
Hi to you all, Thanks for the time taken to read this post all sensible advice gladly accepted. Would love to be free of my mortgage as soon as possible and within a sensible time scale. Currently have a mortgage with the Great Northern Rock a 2 year fixed rate at 5.12% for £100 000 interest only and finishes Oct 2008…
