-
Should I sell or let out my current property?
Hi, I'm thinking about moving house, the place I'm looking to move into will probably cost around 180K. I am thinking about either selling my current property or remortgaging it to raise a deposit for the new place and then renting it out. I have around 80K worth of equity in the current property. I am not sure of what the…
-
URGENT! Will BM offer better deal?
Hi all, I am remortgaging a £236000 mortgage. I am changing from repayment to interest only. I would like to stay with Birmingham Midshires, but can get a better deal with nationwide (who I don't like). The monthly saving is around £100 with NW. Is there any chance that BM would offer a better deal? Is there anything I…
-
Must an additional mortgage come from my existing lender
Hello all, I am currently nearing the end of a 7 year tie in with the Abbey (Finishes in August 2006) and intend, as soon as I am able, to re-mortgage elsewhere. However, in the mean time I would like to raise additional capital against the equity in my house, this is probably a stupid question but, can I take out a…
-
Looking to remortgage soon-advice please
Coming to end of 2 yr tie in with Portman BS. Been offered 4.75% deal(1.75% discount) with £299 fee. Have to keep to a 18 yr term(originally was 20) or pay £50 to change term length. £175 fee if I move mortgage to elsewhere Any advice out there? Looking for a discounted rate deal- ideally 2 yr tie in. Thanks
-
Can I Remortgage from outside the UK?
Hi ... a newbie here and a friend recommended this place as the place to answer by question about whether I can remortgage my UK property while I am outside the UK? :confused: I have tried my current lender and had no joy. My mortgage is currently a personal one and I understand I may be able to change to a BTL product but…
-
What are the chances of me getting this loan / mortgage???
Hi Just got married, selling my house for 73k (going through at the mo and have no mortgage on it). Also have the missuses house that is up on the market at 165k and she has a 65k mortgage on it. Thing is she is mad keen on a house we have seen. Around every 5 mins she says she wants, needs etc the house we have seen that…
-
mortgage or ISA
Hi I have a tracker interest only mortgage with the Halifax of £46000. I started a PEP, now an ISA, in June 1998 for £50 a month with Jupiter, to save for my retirement as my then work stopped my pension. I was made redundant in 1999 but still managed to keep up all my payments etc. I am now working in a low paid job with…
-
Endowment compensation - Assumptions
Hi, Just received a compensation offer from Standard Life, but according to the offer letter they have used "assumptions" in thier calculations. The assumptions being; The lender was the Halifax - the agent was Halifax Property Services but the lender was actually N&P taken over by Abbey National. We completed a mortgage…
-
I want to be mortgage free in 8 years but...
Ok, I'm starting a new thread because I'm hoping some mathematician will help me! I have read Thefunkygibbons' post (congratulations!), and overpaying my mortgage is something I've been considering for a while. I'm not in the same league salarywise, but I have a bit spare each month. I am 2 years into a 25-year 70k…
-
Endowment Diary
I have been battling for over two years to obtain compensation for my two mis-sold, and underperforming, endowment mortgages. I have kept an online diary during this time, charting my progress (and lack of it) together with salient news and information. I have also set up an online petition calling for the industry to…
-
Opinion needed - When to switch
Our 2 yr fixed mortgage is coming to and end this month and Northern Rock Sent a reminder to use their switching scheme to another 2yr fixed The 1st reminder on 1st July stated a 2 yr fixed at 4.69% The 2nd Reminder on 1st Aug stated a 2 yr fixed at 4.59% Now checking their website the 2yr is back up at 4.69% All the…
-
Mortage Arrears - And not told!
Can anyone out there advise on mortgages. My mother was 6 months in arrears with her mortgage due to unemployment. She managed to get up to date with her payments by cashing in various policies and thought that was the end of it. That was last year. Yesterday, she asked Cheltenham and Gloucester if she could remortgage.…
-
Interest - is Sat & Sun included in calculations?
I don't seem to have a definitive answer, however, i'm sure that credit card interest is caluclated over 365 days. When doing calculations, for both Mortgages and savings, is Sat & Sun to be included? Cheers FTD
-
A&L changed from income multiples to affordability
Instead of using traditional income multiples, A&L is using more advanced affordability calculations. The system takes account of a greater number of variables such as individual monthly spending and is capable of generating a fully credit scored decision in principle (DIP) online within minutes.
-
How do I find a good IFA in my area..
Hi all Apologies if this is in the wrong section and has been asked a million times before,but how would I go about finding an Independent Financial Adviser on a long term care basis in my area.?? I really think we are not making the most of our money and are looking to possibly move in the near future.. Are there any…
-
Shared House
Hello, me and my sister bought the family home and now occupy it.However,she has now intimated that in her wiill,she is going to leave"half the house"to other family members.Can she do this is my question? Many thanks.
-
Remortgaging my BTL mortgages
One of my buy to let mortgages is about to come to the end of its discounted rate and I want to remortgage and release some equity. I currently have a 50K mortgage and the property is worth about 200K. I have read Martin's tips and feel some feedback would help me take the plunge. I have 3 other BTL mortgages all with…
-
Multiple Mortgage Applications
Fellow Experts Can anybody confirm whether it is possible to pursue more than one mortgage application at the same time with a view to just accepting 1? Many thnaks Robin Boon (Mr) :confused:
-
19,000 morgage what would you do?
house now worth 90,000. if i wanted to move i would have to pay 100-120,000 for a better house than i've already got. would i be able to remorgage to do extention? or would they tell me to !!!!!! off cause my morgage is so low? im with nationwide by the way! do i stay with them or look elsewhere?
-
Top Mortgage Loophole
Update note: 6 September 10.15am. Offer Closed This mortgage has now run out of funds. I do hope MoneySavers grabbed the loophole while it was available. Obviously this had very high demand (unsurprising) and used itself up quickly. If you're not on the weekly email list then adding yourself will make sure you hear about…
