-
Help: Need Advice before 3pm today.
Hi, hope someone here can advise me. We have an appointment to go into see about changing our mortgage over to a 5 year fixed deal with A&L at 4.54%. But OH has just phoned to say that a friend of his (property dealer) told him to wait until next month as interest rates are going to go down by nearly 1%. I don't think this…
-
Help!Help!Help!
Someone please help me. In May I offered my endowment for sale because I want to move to Spain before end of September. I accepted an offer from Integrity[The TEP Factory] and assumed things would proceed fairly rapidly,well they haven't. So,I decided that ,becuse time was running out,I'd just cash it in with Friends Prov.…
-
First mortgage payment date
Hi - just a quick question as I've heard conflicting accounts from friends and relatives - after completion when will the first payment on the mortgage come out? It's with Abbey and the direct debit date has been set for the 6th of the month - hopefully we complete on the 23rd September, so does that mean 6th October will…
-
Buying overseas...help!
Have been on the mailing list for ages but have only just decided to jump on the messageboard band wagon! I'm looking at buying a property abroad. Im currently renting in London, so don't have a mortgage, never have, Im 23. Due to my not so amazing salary, Ive been told it may be better for me to self certify? Im looking…
-
letting a house on mortgage
Hi i was wondering if someone can help....i am planning on renting my house, which on a mortgage with halifax. However it is a residential mortgage, do i need to seek authorisation of the lender in order to do so. has anyone else had the same experience. thx
-
mortgage problem
my problem is my morgage is to small £24000 yes it is a problem it still has 20 years to go and if left will cost £27000 in interest so i want to change it to a 10 year one but to change will cost me £500 + min morgage i can get is £25001 so this will cost me £1500 to change so i thought on getting a unsecured loan so i…
-
Kensington - Advice please.
Hi, a friend of mine is going through a broker for a first time mortgage and had been told it will be offered by a company call Kensington Mortgage - we did a quick google search and we are getting very conflicting reports - has anybody used these or have any experience of them that could help please? Obviously she doesnt…
-
Cashing in endowment?
Hi can anyone help a friend of mine She has an endowment mortgage that is hopeless, and would like to cash it in. Her problem is that she is on income support and gets help with the costs of the interest part of the mortgage. Would she be able to cash this in or will she have problems with the mortgage lender? Thanks for…
-
Angry at Halifax, no decent rate for existing customers!
Hi everyone I just have to rant! My husband and I have our mortgage with the Halifax and our 2 year fixed rate mortgage ran out a couple of months ago so we got bumped up to 6.5% variable rate. I really should have sorted out a new rate to start as soon as our old rate ran out but I'll know better next time! In June they…
-
Looking for a remortgage
Hi, we have had our house on the market for the past 7 months with no real interest. Our 2 discounted nmortgage finsihed in Dec 04 and we moved to a rate of 5.5%. Now, as the house is not selling we are looking to again change mortages to lower the cost. We are looking at some thing like a tracker with no tie in. I have…
-
nearing end of mortgage-what to do?
our mortgage is £25K fixed at6.25% and finishes August 2006. Our endowment will cover it - just! We want to raise money using the house (worth £260k); do we take out another mortgage or find a way of using equity?
-
Where to next on an Offset Mortgage
I have been using funds to offset against my mortgage and have enjoyed the benefit of a next to nothing interest charge each month. The time has now come that the amount of savings I have offset is greater than the mortgage owing and I am wondering what to do next as the building society will not pay me interest. Has…
-
Endowment or Repayment
I have a £20,000 Endowment mortgage at the moment with 11 years left to run. Endowment for £20,000 with 4 years left. At present on fixed rate which ends in October. N/wide have offered me a 2 year tracker at 4.94%. I have £23,000 in savings. £8,000 on credit cards all at 0% until November. My Question. Would i be better…
-
Endowment rip off?
Ten years ago i took out a "with profits" endowment policy paying £9.78 a month. I have just received notification that this is to mature immediately paying out £1213.71 over the past 10 yeras i have paid in £1173.60 thus making a profit of £40.11 for a 10 year investment!! Any comments suggestions would be appreciated.
-
Drawing down on overpayments
I currently have a Nationwide fixed rate (5.5%) Mortgage with an outstanding balance of £76000, with just over two years to go. Currently I am permitted to overpay by £500 per month without incurring any charges. Would I be better off overpaying this amount per month, then drawing down, as and when I might need the money,…
-
Do the figures add up?
Hiya, I've tried my best to get my head around this maze of mortgages and even seen a broker, but I still feel unsure of what I am doing. Can someone advice me if the figures for a re-mortgage do add up ok, details as follows:- 2yr deal ends mid october - with West Brom paying £644 including building Insurance at £33…
-
Chelsea Building Society
Do these rates look particularly competative? Has anyone had any experience with this society? http://www.thechelsea.co.uk/html/index_mortgages.html Their rates seem to vary from 4.49% to 6.49% are they seen as a sub-prime lender?
-
Transfering Mortgage Deal To New House Purchase
Not Sure Whether This Is Possible But Have Just Finished Discounted Rate With C & G And Our House Is On The Market.however With The Current Slow Down In The Market Looks Like It Could Be A Slow Process And Would Like To Switch Mortgage To Better Deal But With An Option To Maintain Any New Rate And Lender If We Do Sell And…
-
Early Repayment Charge on Bristol & West Buy To Let Mortgage
I'm selling a BTL flat to buy a BTL house, and will be liable for £10k early repayment charge to Bristol and West unless I can complete on the new house on the same day the sale of the flat completes. Given how unlikely this is, has anyone with a B&W "portable" mortgage persuaded them to extend the timescale so it's…
-
How do I fund my next home
I am currently living in accomodation provided by my current employer although I own 2 houses which I rent out. House #1 all paid up, worth £150.000 has been rented out almost continous for the last 12 years, bringing in £600 pcm. House#2 worth £130,000 still has £80,000 on the mortage rent is £500 pcm I have savings of…
