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Discount Mortgage comes to an end soon. Advi
Hi peeps, Ok, I took a mortgage with northern rock 2 years ago and the initial discount (and lockin) period has ended. Now my mortgage is for £82,000 and the house is valued at around £95,000. I did take out a loan for the house last year (stupidity I know) for £10,000 to pay for double glazing etc. This is included in the…
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Mortgages and divorce
My friend and his wife are separating. He has agreed to pay her a certain amount to take over sole ownership of the property and continue paying the mortgage. When he went to his lender they said they would only lend further money against the house if both parties signed up for the second advance. Is this barmy or what.…
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First Time Buyer's
First time buyer's here, pretty much clueless on the right path to take, unsure if credit rating is good or bad, what steps should we take on the scary mortgage path ?
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Mortgage advice for a first time buyer
I am just about to buy a house (I know prices may drop but I have to buy now!!) and would like some advice on what mortgage to go for. I have roughly a 10% deposit of the property value but am just completely blown over by all the choice of mortgages availiable. In light of the predicted crash in prices, can anyone offer…
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DO I SURRENDER FRIENDS PROVIDENT ENDOWMENT NOW?
DESIGNED TO REPAY £22,000 BUT HAVE NOW SWITCHED TO REPAYMENT MORTGAGE. WE ALSO HAVE (I THINK) ADEQUATE LIFE INSURANCE SO NOT A PROBLEM. WE HAVE PAID IN £34 PER MONTH FOR LAST 13 YEARS AND IT IS NOW WORTH £4,500 (SURRENDER VALUE) (APPROX £1,300 LESS THAN WE PAID IN!!) SHOULD WE SURRENDER NOW - WE MOAN ABOUT IT EVERY TIME WE…
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Help: end of discount and gonna get redundant soon
I've spent hours reading the threads of remorgages (supposed to be working!!) and instead of getting clearer I am getting more undecided. Can anyone remove some fog for me. My Endowment Morg (£108k) with Abbey has a discount which ends 31st Jan 05 so I am looking to get a new deal. I am gonna be made redundant and get a…
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Mortages when not in the Country
Hi everyone, New to this so bare with me My Fiance and I are living in New York the last couple of months. We will be going home and we are interested in buying a home in the North of Ireland. I was just wondering if it is possible to get a mortgage when you dont live in the country based on your earning in a different…
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Mansfield hidden bonus!
I've just completed a re-mortgage wth the Masfield Top deal: 3year, 2% disc, Fee free, 10% overpay Etc... With the letter they send you they include a voucher for £300 if you introduce a friend or family member. Not bad if you know someone who's about to do the same ;) Thanks again to payless for pointing out this…
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Remortgage with debts or not?
Hi all, I'm after some advice if possible. My fixed rate with NR is up at the end of this month and its time to remortgage. At present I pay approx £600 to credit cards and have approx £24000 debt! I can fix my rate with NR at 4.99% for 15 years (mortgage has 17 years to run) and is fully flexible and have additional…
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100% Shared Ownership Remortgage
I currently own 60% of a property and have a mortgage with Birmingham Midshires. I can now afford to buy another 25% but Birmingham Midshires have stopped doing shared ownership mortgages and will only help me if I want to buy the whole of the remaining 40%. Unfortunately, I can't afford to do that so will have to look…
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Re mortgage to clear other payments
Can anyone tell me if and where it is possible to remortgage my house and whilst doing so get cash to consolidate other loans. I have been told that rather than pay for a car loan it would be cheaper to take extra money on my mrtgage. Is this really the case? ??? ??? ??? ??? ???
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Advice on re-mortgaging PLEASE
I have a fixed rate (under 4%), interest only mortgage of £50,000 on a £400,000 house which comes to an end at the beginning of Feb., with Roya Bank of Scotland. Obviously I won't get this sort of rate now, but would like to do the same sort of thing again BUT with the option of being able to make overpayments or even pay…
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Advice needed please.
I am a single parent,paid morgage for last 10 years on my own.Now want to release some equity ,but because exs name still on deeds the building society wont let me.Ex lives abroad havent heard from him in over 9 years.Only 7 years left on morgage.plenty of time to extend morgage.What do i do next?
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Repayment Mortgage Calculator
After a long and tedious battle with both R&SA and the Finincial Services Ombudsman, R&SA have finally conceded that I was miss sold my endowment and have offered compensation. The mortgage the endowment covers was for £28,450, taken out in Dec 1985 over 25 years. R&SA tell me that if I had taken out a repayment mortgage…
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NEED TO SURRENDER ENDOWMENT - HELP !!!
WE CURRENTLY HAVE AN ENDOWMENT WITH NORWICH UNION. WE HAVE HAD IT FOR 11 YEARS, AND IT HAS 13 YEARS LEFT. IT WAS (ORIGNALLY) FOR A TOTAL OF £33,900. LAST YEAR WE DECIDED TO MOVE TO A RE-PAYMENT ONLY MORTGAGE, AND DECIDED TO KEEP THE ENDOWMENT AS A SAVINGS PLAN, BUT NOW HAVE DECIDED TO SURRENDER IT AS WE NEED TO REPAY SOME…
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Creditworthiness for a mortgage
I intend to go in for a mortgage of about £ 125000 sometime this year. Was wondering what kind of credit checking is involved and whether i would get a mortgage from a normal lender. I have no adverse credit history, no defaults ever on any credit cards or loans not ccj or anything of the sort. However strangely, asda…
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First Active Low Start Cost deal
This deal looks good to me. Am i missing something? Yr 1: 3.99 yr 2: 5.24 Yr 3 : 5.24 rest : 5.74 Fee is £399, £195 early charge during term and 2% of value of first three years repayments. Am interested in low initial costs but will the deal lose it's shine after the discount? 5.74 after the initial three years looks ok.…
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mortgage advice needed
I am 50 years old, i own an ex council flat outright valued at 50.000 which my daughter rents at £350 per month, i have a house with £25.000 left on the mortgage which is valued at £150,000 which I can let to an interested party for £550 per month and £20.000 in savings, and no loans or debts to speak of, i am looking for…
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borrowing money on mortgage
if i want to borrow£10000 to do home improvements can i put it on my mortgage or do i have to get an home improvement loan?
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First time mortage! HELP!!
Hi all Looking to move out soon, and want to get a mortage sorted, have no deposit, and no clue :-[ What do I look for and what do I do?! Who is one of the best companies to go with?! I know this could take someone some time to respond, but anyhelp would be very greatly apprieceated!! ;D
