-
Remortgage or Stay Put (Thats the Question)
Hi Here's the details question afterwards Mortgage with IF of £25840 @ 6.1% with 71 monthly payments remaining of £431.24 To leave IF will cost about £160 in interest and release fees etc etc I did find an alternative mortgage with the Halifax (surprisingly) which had a discounted rate for two years, with a two year tie…
-
paying of early
Hi i read all the time about how would you like to pay your mortgage early? Can someone explain how in plain english.
-
am i dreaming?
hi, i now have a BAD credit rating and no income. i have 10k off debts and a motgage of 34k. i live at my partners, i had my property on the market 12 months ago at 115k and was getting interest and took an offer off 113k, it fell through due to the tennants changing there mind about moving out early, they was friends that…
-
Borrowing abroad?
I am investigating the possibility to borrow money in France, where Rates are more advantageous, to repay my mortgage in the UK. Does anyone there know about this concept? Is there restrictions, or pitfalls to be aware of? Any advice will be more than welcomed. Merci beaucoup.
-
2 or 3 year fixed
Thanks to all for the previous advice RE annual interest rates, I have one more question before taking the plunge... I realise none of us have a crystal ball, however I'm interested in your opinions of a 2 year fixed versus a 3 year one ? In the past I had a 5 year one which was way to long and am just coming off a 2 year…
-
Help with Credit Checks Please
Hello, this is my first post and I'm a bit nervous so this might not make total sense but I need to know if there's a difference between a credit check and a full credit check? Basically we need to add a secured loan to our mortgage but hubby ran up (quite) a few defaults on another address when we separated 3 years ago…
-
Mortgage help needed please
Hi, am in need of some advice as my head is spinning. Here goes: We are wanting to move to a house which is on the market at £5000 more than ours. Current mortgage with B&B @ 0.65% off their SVBR until 01/04/07 so currently 6.19%. No ties after this. Redemptions - 3% of balance repaid before 01/04/05 2 % upto 01/04/06 1 %…
-
Annual v daily interest
I'm thinking of taking a 2 or 3 year fixed mortgage with Portman as my current deal is coming to an end. When I asked if the calculated interest daily they said they do not offer this - just annually. There are overpayment options (up to 10% of loan amount per year) which are subtracted from the balance monthly. What I…
-
Remortgage and endowment
I currently have a mortgage with Cheltenham and Glouceter and the endowment part with Legal and General. I have received one of the dreaded letters mentioning that my endowment may not mature with enough funds. Now I have never bothered claiming against this as I don't think I was mis-sold the endowment as the whole…
-
Should we remortgage??
Just wondering what everyone thinks we should do? Sorry this is so long... At the moment we have a 63k mortgage with bristol and west. We self certified and are now paying 6.75% as I was a PhD student with no proof of income and my husband had just left uni and so was on a low income. The house we bought cost 70k and we…
-
Mortgage For Buying Off-plan
Does anyone know whether it is possible to get a mortgage if you have the specific intention of selling the property within a fairly short timeframe? Or if if it IS possible, are the rules any different? I'm considering buying a flat off-plan (i.e. before it's built) and then selling on, hopefully for a profit within about…
-
self employed and need a mortgage
I am currently self employed musicteacher of 6years. i am looking to invest by buying to let. I have been thinking about either property abroad or scotland where property is still cheap (possibly a small flat). Although i have been looking into this, i realise i need to find a mortgage first. I think it will have to be a…
-
Remortgage Guide - Possible COLD CALL???
Dear All, Martin, When I downloaded the fantastic Remortgage Guide from here on Monday, at the "brochurecentre" link i had to fill out my name, address etc and was assured that this was for stats purposes only. I am very careful about who i give what details to on the net, as i don't want to start receiving spam /…
-
Re-mortgage fees
I am currently stuck with Bristol and west on a standard repayment mortgage paying 6.84%, I am 15 years into a 25 year loan. the original loan was for £30,000. I currently owe £18,500 and am thinking of remortgaging to get a better deal It seems that I will get stung with fees at every stage of the process. Are there any…
-
Agreement in Principle
Hi, 4 weeks ago I recieved an "agreement in principle", ok'ing my mortgage with the condition that I did not have to sell my flat in order to buy a house....the idea being to get out of a chain, to buy a house I really liked (quickly) and then to sell my flat (offered with no chain) once I'd moved in to the house. My…
-
Mortgages and credit history
How bad does bad credit have to be before it messes with your chances of getting a mortgage? I have had no CCJs or defaulted on payments, nearly always pay my c/c balance in full yet i have had the odd missed payment here and there and also gone over my overdraft more than once in the last year..... How Bad is Bad !?!?!?
-
Is Offset right for me?
I currently have a mortgage with Egg and have about £75000 left to pay off. Mortgage has been running nearly 5 years and interest rate is 5.75%. Due to a change in my income, I have accumulated savings of about £30000. I am also self employed and a high rate tax payer. At the beginning of each month I am paid quite a lot…
-
Help With First Time Mortgage :-s
Hi, Im looking to get my first mortgage very shortly, well apply for one that is. Im very doubtful about this, but my girlfriend is very hopeful. I currently earn 15k a year (im an apprentice), my wage is only going to get better, as im in a good secure job. I dont have a deposit to put down i was thinking about getting a…
-
Offset v flexible
Hi – I’d appreciate some guidance as my 2 yr fixed rate (4.09%) with Northern Rock is coming to an end very soon (end of month !!) and I will be looking for an alternative deal. I am now in a position where I would like to start to overpay whenever I can, although with 2 kids this is not going to be a regular occurrence…
-
Buying from family
Like a couple of other folks on here, my wife and I are looking to buy her parents' house, which we currently rent (they do not live at the property). There are any number of questions to be answered, but for starters, here's a couple: 1. We have had the house valued by local estate agents ("Yes, yes - we're very keen to…
