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Fixed for 2 or 5?
What are the benefits of choosing a five year fixed mortgage over a two year one? I called my bank this morning as our two year fixed is just about to expired and we were offered a five year fixed with no fee. I have no idea! Also, can anyone recommend a bank with a low interest rate. My bank is offering 4.99%. Thanks.
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Invest or Make Mortgage Overpayment?
I could possibly have £5000 each year due to a new bonus scheme at work. I would like to get my mortgage of £52000 paid off early and was wondering should I: 1) Make a £5000 overpayment each year into my tracker mortgage at 4.69% apr. 2) Invest the £5000 into some sort of fund that would hopefully increase in value by…
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4.19% Fixed for 2 years at Hinkley and Rugby
Just found the following, which may be of some use to someone. This is by far the best 2 year fixed rate deal I have found. It's at the HINCKLEY & RUGBY BS Its 4.19% for 2 years The arrangement fee is£499. However there are No HLC, no valuation & for remortgages free legal fees. There also seems to be absolutly NO…
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Guarantor mortgages/ joint morgages - help!
I come begging information... I've just got a new job down in cornwall and cannot afford to buy a house down there. My parents have suggested we get a joint mortgage or a Guarantor mortgage, however I know *nothing* about them, other than that we could borrow more. My income is £16,000, Dad's is £38,000. They don't have…
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Offsetting and capital
Can anyone help? I am selling an hotel in which I currently live and will end up with about £250k. I have a mortgage on my old house which I'm moving back to of £70k which is on an offset basis. Can I put the £250k in the offset account and thus effectively have no mortgage and be paid interest at mortgage rate on £180k?…
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Looking for best 5yr fixed
Due to remortgage end of Oct this year and am on the lookout for the best 5yr fixed deal be in the region of a max 85% LTV anybody any feedback for this? Regards Pete
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Mortgage Cost
I'm thinking of lending my daughter some money towards her mortgage in the hopes this will benefit both of us, i.e. cheaper repayment for her and better investment return for me. Does anyone know how much the monthly mortgage repayments would be on £50,000 over 25 years. Many thanks.
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Taking out equity...
At the moment i'm thinking about seeing if there's enough equity in the house to cover my loan and credit card to just have everything in one pot. Before i look into it any further can you lot offer a bit of advice.. I when i moved in the house was 128k and one of the neighbours have theirs up for sale at a list price of…
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Won claim can i do this
Thanks to sites like this I decided to complain to the Halifax about my endowment from 1986. They admitted I had been missold and gave me options of taking cheque of £1700 going to ombudsman. They said that they would put us in the position we would have been in had we taken repayment. This is not true. When I went to the…
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Shared Ownership
Myself And My Partner Are Wanting To Get On The Property Ladder Only Problem Is I Earn £13500 P/a And She Is About £2000 P/a. There Are Some Housing Being Built Near Our Area But They Are For This New Scheme Shared Ownership Has Anybody Done This Or Know If It Is Any Good? Also Is My Wage Times By 3 Or 4? We Dont Have Any…
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Paying off mortgage - the procedure
I have a leasehold flat with an Abbey mortgage. The mortgage still has a few years to run but I have got enough money together to pay it off now. Do I need to hire a solicitor to do that for me, or can I just give the money to Abbey and trust them to take care of it?
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Can I come off a mortgage?
I am living with a partner and we have a joint mortgage that started in May this year, interest only, fixed for 2 yrs. The mortgage is against the property where we live which was transferred into joint names about 5 yrs ago. The mortgage is for £30,000 interest only. My partner and I have split and I will be moving out.…
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Mortgage Dilemma
I am new to this site and have a dilemma with my mortgage that I hope some one may be able to help with. At the end of Sept, I will be coming to the end of my 2 yr discount period with Halifax for my repayment mortgage of approx 74k. I was previously on a rate of 3.99% but now the alternatives they are offering me are…
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Need to raise £40K!!
Hoping someone can advise me on this maze... I've seen a plot of land in NW Scotland that I want to buy to build my retirement home on. Cost of the land is offers over £40K, doesn't have a closing date posted as yet, so am assuming they haven't been inundated with offers. I am 30 and at the start of this year took out a…
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Am i locked in with this Broker? might need to change. need advice
i have posted about my ohter buy to let but ill explain my situation. I have a residential house. i bought it in a bad state and i have done it up and it is worth more than i paid a few months ago. i found another property which also needs a lot of work doing and the sale was about to close. i had 2 days to get my offer in…
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Best 100% mortgage for graduates?
Hi, my girlfriend and I are looking for the best deal on a 100% graduate mortgage. So far the best we have found seems to be Scottish Widows who offer 5.09% (fixed) until 31 October 2007, changing to their Standard Variable Rate, currently 5.94% for the rest of the mortgage. Does anyone know of a better deal than this that…
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Interest Rates Gone Down but no letter?
Hi All, Has anyone received their letter from their mortgage company yet with their new payments? I'm still waiting for mine with Natwest. Tim
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self-build mortgages
anyone went through build store? We are currently going through the process and our mortgage will be actualy through Amber homeloans - anyone used them? To be truthful I don't want to hear too many bad things as its too late in the process to pull out now - but I'm asking anyway!
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No proof of income
I posted this yesterday but was attached to another thread so hope you dont mind but im going to ask again! My patner and I are first time buyers hoping to get our feet on the first rung. He earns around £17,000 and i'm a supply teacher (currently on a contract till xmas) i earn around £19,000 (can prove as i keep all pay…
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Is Now a Good Time to Fix???
im not to sure what to do fix for 2 years, or stay on my discount variable rate, any advice would be grateful.
