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want to change mortgage how do i get best deal
I have had my mortgage for just over a year. I do not think I am paying what I should. I feel I could get it cheaper. what is involved in changing your existing mortgage and where can I get advice on the cheapest mortgages availablle. i would welcome any advice
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testing
test test test
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Should I accept endowment offer?
I took out an endowment with CIS in 1991 "to pay off an approx £20k mortgage. Although I wasn't buying a house at the time the advisor recommended taking out the policy saying "it would be like paying off your mortgage early without paying the interest - until you buy the house" When I eventually bought a house 2 years ago…
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self-cert mortgages help please
Hi, I current have a self cert mortgage for £216k which is less than 75% of the house value, the lock in is almost up and I wish to shop around. I can't seem to get much help on this as most advise/guide sites seem to only focus on traditional types. Thanks for any tips
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grateful for any advice
Hope someone can help with some advice here. ??? I am in the fortunate position of no longer having a mortgage. However, I still have an endowment policy running. This has another 12 years to run with an ‘estimated’ payout of between £37,000 – £42,000. Surrender value at present would be £13,443. As I am paying out £99 per…
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The end of it?
I am a big believer in overpaying into a mortgage to save interest. I have been doing this for 8 years or so. Over the last two years I have further reduced the interest I am paying by paying in substantial lump sums from 0% credit cards (thank you Egg, Halifax, MBNA and Tesco ;) ) and by transfers from savings accounts. I…
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L&G ENDOWMENT sell or save?
??? i have an endowment policy with legal and general for a morgage i no longer have i pay £47.00 a month it has been running for about 6 years, I'm thinking it isnt worth it and wanting to move the money i put into it somewhere better suited is it worth selling the endowment or just cutting my losses and trying something…
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How not to use an offset
The Telegraph money section today has an example of a couple who haven't got a clue how to use their offset arrangement. Despite having a huge income and property worth £250k, they have an £11,000 offset mortgage, with balances of around £8,500 offset. So far so good - they are only paying interest on £2,500. But they also…
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Endowment Plan
I have recently re-mortgaged, switching from an Endowment Mortgage to a Repayment Mortgage. I have kept up the repayments on the endowment policy, which has got about 10 years to run, so at the end of its term, I will have a lump sum of money at my disposal. I have 2 questions. 1. What is the position as far as tax is…
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ideas above my station??
Hi, after a reality check! Currently about to remortgage due to current deal expiring. House value approx £220000 mortgage owing 118,000 over 17 years earn jointly approx £50000 a year debts of 24,000 savings 11,000 I was going to borrow extra 17000 on mortgage over same 17 years on a 4.99 fixed 15 year flexible. This way…
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REDUCING MORTAGE TERM - ADVICE REQUIRED
We have repayment mortgage with Northern Rock £35,000 with approx 13 years left to run. In the next few months we want to make a capital repayment of approx £5,000. Then 12 months later (as we are only allowed to over 15% of loan amount per year) we want to make capital repayments of an extra £250 per month. I want all…
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ISA Mortgage Repayment and Remortgaging
Help please! Before I launch myself at an IFA, can someone explain to me in english my options! I owe around £30 K on a variable rate mortgage with the Abbey and am repaying interest only, paying into an ISA to repay at end of term. I wish to purchase a new house, leaving me with £10 K profit and am thinking of changing my…
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5x income?????
is it possible to get 5 x income please?
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barclays endowment mortgage policy
??? i have an endowment pol with barclays/the pru and need some impartial advice. it has 11 years left, have paid in about 7 g. barclays surrender price 8.5g. money to pay in to the end of term 5g est?. this policy is not tied to a mortgage or house since i sold it last year and moved back to parents. :-[. is it worth…
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Mortgage Lenders Basd on Monthly Repayment ?
Does anyone know of a high st lender who will provide a mortgage based on the amount I'm able to pay monthly as opposed to the usual 3/4 times my salary ? I am looking for approx £140k on a £200k property I can afford a max of £900 per month, I am married but my wife is currently a Housewife. I am always wary of brokers as…
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Remortgage or wait? Loads of questions!
My current morgage consists of a ported fixed rate of 3.95% on 77k and a tracker variable of 5.75% on a further 53k (I moved house last year and didn't want the extra borrowing to be tied down). The fixed rate is up at the end of March, and I have a penalty of roughly 5% of the (£77k)amount repaid if I remortgage elsewhere…
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Selling To Rent - A Good idea?
I am married with two young children. We are thinking of moving house and have some debts to clear. We have an endowment mortgage with 18 years left to run. With the property market now cooling off, I have often wondered about the idea of selling to rent. The equity from our house could be put into savings, and we'd earn…
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MORTGAGE ON NON-STD CONSTRUCTION PROPERTY- HELP!!
I have recently found a really nice house and been approved by a high street lender for a mortgage but they then changed their mind when their surveyor looked at the property, saying it is not their policy to lend on non-standard construction properties. The house is, I understand, timber-clad on 2 sides, built in the late…
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Re - Mortgage Advice
Hi, I need some advice about a re - Mortgage. I have a joint Mortgage with my wife which is due to be renewed in October, as that is when my 2 year locked in period ends. The problem is my wife is 6 months pregnant and will not be going back to work. Due to multiplier problems I will not be able to get a new Mortgage on…
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Remortgage - short term
Can anyone help please I have an endowment mortgage due to finish 2008/2009. There are two policies 1,due to complete 11/3/08 2, due to complete 24/8/09 - i am currently in disscussion with the insurance company to confirm that these will pay off the mortgage. I however want to remotgage with an additional £10000 for…
