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Deeds
We're hoping to redeem our mortgage in about 1 month:j How long post redemption do we get the deeds back? Ta
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offset mortgage
what would happen if ..... you had an offset mortgage account with a bank with the mortgage being £80K and you had £60K in the offset account and the bank went into administration. Savings are only guaranteed upto £35K Would you lose £25K (ie £60k -£35k) while still being liable for the whole mortgage?
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How to save more?
I'll start off by posting my SOA... Income (After Tax): £1070 Outgoings: Petrol: £60 Board: £80 Car Insurance: £35 Phone: £50 - GOT to cut this down! My contract's only £35 + insurance. Gym: £30 - Necessary. And that's it. But for some reason, I find it really hard to save money. I watch my local football team once a week,…
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Mortgage options / advice please
Hi, any advice on how to get rid of this burden asap! Even though it is small compared to most it makes me feel ill thinking about it. RBOS Mortgage £36,884.50 Term 21 years Interest rate 7.19 which sounds high to me:mad: Currently paying ~£280 a month I don't have a car or any kids so my outgoings are quite small. I can…
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Final pay off
Hi, this is my first ever post on anything so please fogive me if I have cocked it up. In November when I am out of my tie in period with The bank of Scotland I will be in the position of being able to pay of the remainder of my mortgage in cash ( about 18k) I got to this state thanks to advice from MSE, can anyone tell me…
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Have some MFW done the wrong thing?
We haven’t moved due to a belief that the housing market was well and truly over priced, and so have focused on paying off the mortgage on the house we have Strikes me that with credit being harder to come by and possible higher inflation, without a reduction in house prices guaranteed, trying to pay off the mortgage may…
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doing the right thing?
hi.. we have just applied for a new morgage as we are comming off out current 5 year fix.. we are looking to overpay and clear the mortgage well within its time.. our LTV is 40%, a +.58 bbr lifetime tracker.. (we have no credit cards, no loans ) the plan is to over pay extra if rates go down, with additional overpayments…
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What to do?
Hi all! I wondered if anyone out there can give me some thoughts on this situation please? Currently on fixed rate mortgage paying 1.5% with NBC this rate finishes in Feb 09 when the balance outstanding will be £60K. It then transfers to SVR and stuck there for 3 years. However we are repaying £2K a month atm so the term…
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Advice needed
Hello all Having just been made redundant I am in the position of being able to pay off our mortgage of £18,300 with 6 yrs to go. However after cashing in pension lump sum we will have a total of £40000 and will need to keep £5000 of this to pay a loan which will be covered by insurance for a year so may buy £5000 premium…
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Pay off mortgage or credit cards first?
Originally posted this on the overpayment calculator thread but thought it might be better to make it a thread of its own. Any thoughts?
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New MFW!!
I just wanted to say hi to everyone. I have been a lurker here for many months and have now actually got round to posting. Let me tell you abit about myself. I am desparate to be mortgage free but it's going to be a long journey. I would love to be mortgage free by the time i'm 40, 12 years and counting!. I am lucky that I…
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Mortgage free - What next
O.K. I read the books, did as I was told. Remortgaged every 2 years for the best fixed rate around. Saved like crazy and at the end of the 2 years reduced the mortage with my entireworldly savings. However, with 1 year to go to be mortgage free I have no idea what to do next - yes I will take the first holiday for 8 years,…
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last mortgage payment due dec 2008- how...
...... i am on a mission at the moment to bang as much as possible off my mortgage but i have a couple of questions that i am not sure about. my mortgage payments are £xxxx X 9 months = £xxx repayment loan that we used for home improvements £xxx X 9 months=£xxx ( so part endownment and part repayment) total=xxxx.xx in…
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What to do? Fixed rate deal ending soon
Hey all! Long time reader but posted so little that I've had to re register. Hope some on you knowledgeable people can give me a little guidance. Here's the scenario, been a householder for the last 8 years, never missed a mortgage payment and have about 20 years remaining on the term of my mortgage (have remortgaged a few…
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Is now a bad time to overpay?
I have been overpaying my mortgage for almost two years now, thanks to this site and all the encouragement from its super forum users. Last year alone my wife & I managed to overpay £2100. With the uncertainty over the economy and rising inflation, I'm wondering if overpaying is such a good idea right now. Perhaps the…
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mortgage change over help
Hi People, I would like some help or advice. I would like to make over payments to my mortgage and currently have a variable rate mortgage with abbey. I was thinking of switching it over to a flexible mortgage. can anyone tell me what costs would be involved in doing this? cheers
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MFW newbie - teetering on the edge!
hello, I'm an MSE veteran, but newbie to this board. I usually spend my time on the property board, but its getting far too depressing round there so the time has come for a change! I've recently become self employed and if things carry on they way they have for the last month, it looks like this year I'm on for taking…
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How do you make your overpayments?
Hi I recently got myself a mortgage and also a mortgage pig (well penguin). My mortgage is with RBS and I was told I cannot make adhoc overpayments by internet or telephone banking only by going into the branch. How do you make your adhoc overpayments from your mortgage pigs? Thanks Marlina
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Buy Property 30% Below Market Value Course?
HI All, I have heard that is is possible to buy property at up to 30% Below Market from people in debt or facing repossession.. Does anyone know how this is done?
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Offset ISA Mortgage
I can think of two lenders that do this. Barclays/Woolwich and IF. Are there any others and are they competitive? Thanks very much. Ed (looking to remortgage for the very last time). :beer:
