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Missing Mortgage Excel Spreadsheet
Hi Guys I am trying to find an excel spreadsheet written by Locus / Locum.... not certain what's his name was. It was written at least 3 years ago, so if anyone knows of it... ta M
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Nationwide Fixed Rate
Hi, I have been making overpayment of £500 on my Nationwide Fixed rate mortgage. The fixed ended - end of April and I made a lum sum payment of 6k. Currently on base rate 3.99%. I have received a letter from Nationwide saying my 6k payment has reduced the duration of the mortgage to 17yrs 3 months and my repayments will…
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build new house in garden
Really hope that somebody on here could give me some advice on steer me towards where I can find some answers. I'present to give a back ground on where im upto. In 2006 I bought my current home on a joint mortgage with my partner. The house was 240000 and we have a mortgage with mortgage express. Its a repayment mortgage…
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Making Small Changes to Create A Big Difference
Here I am again! Popping up like a bad smell! Well hopefully not a bad smell. I didn't settle very well in my old diary, and branding the £100 OP at a time wasn't psychologically good when I was paying less. I have realised a few things in the last few months when I haven't been on the boards. - I work better when I post…
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advice on house buying
Hi there - would like to get some advice about buying a property in the UK vs buying a holiday place overseas and keep renting in there UK. I have recently moved to the UK with my employer, full time job, etc and even though I have deposit and finances to buy in the UK, I am considering buying a holiday property overseas…
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To pay off or not?
I'm a bit confused! After an inheritance I could pay off a lot of the mortgage. I thought I'd ask an IFA's advice and they said you should keep your mortgage as it's the cheapest loan you can get, and invest the capital in shares etc. the msn way is to get debt free. The ifa seems the opposite. They aren't Independent are…
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Woolwich Mortgage Overpayments Help
I took out a mortgage with Barclays/ Woolwich last year. The only way to get the mortgage was to take it over 35 years, even though we could comfortably afford to pay more over less time. We were told that we could make an additional payment of 10% per year, which would then decrease the term left to pay off the mortgage,…
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Pay off or invest..
Hi all. Any thoughts.. i have just come into some money (inherited) and am trying to work out the best option 1 pay off the mortgage and and save the wages, nice hols new car etc or 2 buy a buy to let for cash ( i live in an area with quite high rents and property prices) and use the rental to pay the mortgage whilst…
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Shorten term or overpay?
This question may have been asked before, if so I apologise for asking it again and maybe someone could direct me via a link if so. Early next year our fixed rate is ending with approx. 8 yr 6mth left on the mortgage. In the past we have shortened the term but are considering overpayments instead and wondered if anyone had…
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Simple question help
Hi i am now in a position to pay off my 14 year remaining mortgage of 18900. Not a lot i know but i have about 27000 in one of our ISA's. Mortgage interest 2.2 over base. ISA 2.3 two year lock in. what would my knowledgeably advisers say ? Pay off or just keep saving and keep the comfort zone, overpay ? Dave
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To Pay Off, Or Not To Pay Off (that is the question)
If it's too good to be true, then it normally it is ! We have an endowment policy that we originally took out against an interest only mortgage - many moons ago. Since then we have changed to a normal repayment mortgage - but have kept paying into the endowment policy with a view to enjoying the lump sum at maturity.…
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Hi - Im NoLongerInDenial And I dont want a mortgage anymore
Well after spending a little longer than planned reading on here, I thoguht I would share my story, from being behind with my mortgage in negative equity as I am right now, to paying it off early as I have every determination to do and enjoying the most earned night out of my life:beer: Firstly, A little about me, I am a…
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Can't wait to....
Join this forum in September this year following clearing my other financial commitments in August! I know I'm a bit premature but I'm excited and raring to go!
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never not mortgage-free
Is there anyone here who has chosen not to take out a mortgage in the first place? Not because they haven't enough deposit, but because they don't want to get into debt in any shape or form? Is there an alternative or are we all slaves to the banks if we want our own home?
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interest only mortgage one off large overpayment
I have recently sold an inherited property and have the proceeds sitting in online savings the orginal plan was to use as a substantial deposit on a house purchase but due to payday loans and old adverse our application has fallem on its backside despite only being 40% ltv :( so its looking like staying in rented is the…
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Shall we get started?
Hello MFWs :wave:, i've been desperate to join this board for ages and i think i now can. Two debts left: 1) secure loan £13,035.58 2) mortgage £214,061.89 Secured loan at 5.064% and the mortgage is at 1.49% both trackers and the only way is up. So i need to join in, stay focussed and grab every spare and earned penny i…
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Wanna be free
Just confused about how overpayments work with nationwide on a repayment have been been overpaying for some years now and have overpayment pot of £14k. Have been tracking the overpayments on line last couple of months and it seems not all the £100 is coming over the mortgage about £80-90 does but changes on different month…
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Only freedom will do
It has come to my attention that I have been here for a very long time :) I joined these forums in a dim and distant past, where money was my enemy and the weight of my student debts left me crushed and panicked, unable to picture a future where I would be able to get a debit card (never mind a mortgage). 5 years later and…
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Starting my MFW Journey
Hi everyone, After many months of lurking on this forum and seeing how well other MFW’s are doing and the support they are given by this wonderful community I thought I’d better get involved. So a little bit of history about me, I am 31 years old and have been lucky to be able to buy my ‘future’ home with my wonderful wife…
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£295 Fee to Close Mortgage Account
Hi There I phoned up A&L today, to pay off my mortgage in full. The deal I was on has expired, so I didn't expect any fees. However, I was told that I would be expected to pay a £295 fee, I think they call it the 'account closure' or 'account redemption' fee. Of course I'd rather not pay it, and was wondering if anyone can…
