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Capital/interest amounts in monthly mortgage payments
Hi All I have a quick query which I was hoping someone could give me a steer on. I have recently completed on a house purchase on a 2 year fixed. I would like to try and get a view on how much capital I will have chipped off in the 2 year period by the time i come to remortgage. I am aware that that during the early stage…
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Mortgage incentive / first time buyer issues
Hello all I need advice I bought a property 4 months ago and as part of my mortgage I was offered a £150 incentive to take out a mortgage with my bank. I still haven't received it. How long is an acceptable time to wait? Also I had to pay some additional money to my solicitor to give to the seller as they had said they had…
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How to repay HSBC mortgage?
Hi all, I've searched but could not find any information. So I think my question must be stupid, but I'm still puzzled. I rather ask here before I call them. I took a mortgage with HSBC last week and I want to make repayment. I give details of my bank account when I applied for the mortgage. 1. Will HSBC use direct debit…
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8.8 years
:wave: morning all, I've had to swap names to protect the innocent.... DD off to school , thankfully. MSEing nicely, washing on drier, whoopsied mince (£3.87 down to 45p) out to defrost for tonight's spaghetti Bol. On the upside, I still have £60 petrol money left for 8 days:T thanks to the snow. On the downside, I c&cked…
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Daily interest , how do i work it out please
hey there sorry if this is in the wrong place, and probs already a thing for it but cant find it. can someone please give me the math to work out my daily interest please. thanks in advance elepants :)
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Can you get a mortgage without a deposit, if not what is the minimum deposit??
Hello, I want to get a mortgage as think renting is a pure waste of money, however ive worked out it would take me 3 years and 4 months to save enough to get a decent mortgage with a 20k deposit at this current time. Are there any other routes, or less capital consuming ways to obtain a mortgage and have your own property…
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The Road is Long.......
In 2010 my wife and I found what we hoped would be our "forever home" and in October 2011 we finally moved in. We were fortunate enough to be able to port our previous mortgage and add a fairly small top-up, both of these being offset/current acount mortgages with First Direct. These were taken out over a 20 year term, but…
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can he force me to sell
all.sorted thanks lol
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overpay or save for a bigger deposit?
We have approx 110k left on a tracker mortgage at 0.89%, 25 years still left on it. We want to buy a bigger house in approx 2 years time. Should we overpay the mortgage each month, or put the money into a 3% cash ISA to then use to increase the deposit on the next house? Logic would dictate that we put it in the ISA as it…
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need help really stressed
hi me and my ex split last may. 7 months after he went on my mortgage. at first he moved 2 hours away an said hed pay with me tll the fixed rate finished in 2014. when i got a new partner he demanded he wanted to stop paying. he would not let me get a lodger but my boyfriend has been accepted to take over. my ex has…
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Mortgage-Freeeeee by fifteeee
Hi all I am a lapsed user of this forum, and due to finding myself in a job I dislike very much, I am challenging myself to rid myself of the burden of mortgage, to free up money to go an do something I enjoy with my life. So, the details; I'm 38 this year, and have 12 years to pay off approx 90k of mortgage OH earns alot…
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8.9 years
A sparkly new thread for 2013! Things went a tad pear shaped in 2012, so we've regrouped, pulled our belts in and going to get on top of things this year. In October 12 we were putting £400 in savings each month, so took the plunge and reduced our mortgage term to ten years. However, rising costs, falling income and some…
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mortgage free by 30
Hi I set myself the goal of being mortgage free by the time I am 30. I just turned 23 so that gives me 7 years to do it. my current mortgage is 37750 over 25 years I will be remortgaging to 45000 to raise some money to renovate the house (this will only cost an extra 10 pound per month ontop of what i currently pay due to…
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MF - just not by the way I intended!
Hi all I had decided last year I would start a MF diary here in 2013, as I would have 13 years left to run on my mortgage, Then in Sept.we decided to sell up, I had just watched my parents go thru a repossession, my husband was getting threatened with a paycut / short week etc. So I was determine not to have to face…
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Hi everyone ...
I'm a very newbie! Only got a mortgage in November ... yet can't wait to finish it already :rotfl: I've used the overpayment calculator on here and as it is I'm 74,000 over 25 years. Looking at paying £250 extra each month and made a one off over payment this month of £600 - this takes me to 12 years. However the interest…
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how to pay off the mortgage?
hi there folks a little bit of advice required. i currently have a mortgage with the halifax of 140,000 and am hoping to pay it off in the next few years. however, i'm not quite sure how to pay it off. a couple of people at work have mentioned about the 'offset mortgage' in where you can put money into the savings and…
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overpay interest only mortgage?
I'm new to the concept of overpaying but it's something I would very much like to do. I have an interest only mortgage with Coventry and just wondered if it's possible to do that/ and where would I start with it? Should I contact them and ask, is it as simple as that?
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does every penny count?
I want to over pay on the mortgage but only have a very small amount to play with so do I pay it off the mortgage or put it in the bank and save up?
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I want abit of this...
Hi folks! After reading quite a few posts on here I thought it would be nice to clear my mortgage by the time I am 50......so here goes: The amount owed at the moment is a whopping £117,517.30p and the value of our house is £185000. The high mortgage scares me which has prompted me to do something about it. My current…
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A penny a day keeps the bankers away- My MFW diary
Hello I am V (30) and this is my shiny new MFW diary. I have lurked on here for at least a year but neither me of my DH were in a position to move forward on this until now. A background on us, my dh (28) brought our home in September 2007 for £169,000 with a mortgage of £160,000! We have paid down the mortgage to £138,514…
