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Morgage linked to swiss franc libor
Does anyone know anything about the Swiss Franc Libor? I'm currently looking at a mortgage which is linked to it is and the rate seems very very favourable, but I don't know how safe the Swiss Franc Libor is. Does anyone know anything for definate? Does anyone have any carefully thoughtout reasoning? As a rooky it looks…
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Help - no idea what i should do - remortgage
I have 2 properties both mortgaged. Prop 1 main residence - approx £31,000 Prop 2 rented - approx £51,000 I applied to the Nationwide for their 5 year fixed rate in Oct - I believe the rate was 4.69. They will only lend me £80,300 and insist as a condition of the mortgage I pay back both mortgages. Which doesnt add up. I…
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repayment vs interest only!
I have a repayment mortgage at end of its fixed rate and am looking at re-mortgaging to keep my payments down. If I'd gone for an interest only mortgage and saved the difference (£200 per month) I would have been slightly better off. I understand that most of the early payments go on interest but I can't help thinking I…
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Mortgage overpayment calculator
Can anyone point me in the direction of a good tool for assessing what difference overpayment will make to my mortgage (in time or cost terms). It can be online or software, and would be similar to the tool that some companies use to encourage you to sign up to the flexible mortgages, like VirginOne. I'm currently…
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Mortgage Overpayment Mess-up??? Help!!!
HI There and thank you for viewing my message - it means someone is listening Okay so I have my mortgage with Nationwide and with them I can make overpayments of £500 a month which is the maximum. I have been making these overpayments for over two years now and always make them on the first of every month (to beat the…
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New here some advice from you guys
I currently have approx £95,000 equity and want to purchase a house priced at £300,000 this would mean I would need £205,000 mortgage if I used all my savings on selling fees, legal fees, removals and stamp duty. My question is could I get the multiple on my wage alone of £47,000 + £2500 bonus ( lowest estimate ) as my…
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Compare mortgages
I'm a first time buyer looking for a mortgage. I'm looking to lend £85k over 25 years with a 5% deposit. Can anyone advise me of any good mortgage comparison websites.. I'm a total noob to Mortgages so if I sound stupid please don't be nasty :p
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Overpay Mortgage or Savings Account
Hi, I'm not sure if I have posted this in the right place and I hope someone can help me. My husband and I are buying a new house in April and we are having an interest only mortgage. The plan is to save around £500 per month for the next 5 years in a savings account with a rate of 4.5%. The mortgage rate is 4.99%. I…
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mortgage overpayment
I've decided to pay extra money off my mortgage every month rather than open a savings account or even start a pension. Comments please.
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How much information to Give Lenders?
Hi, Where in a bit of a pickle, we would like to apply for a mortgage, my partner is on £16,089 and I am on £13,023, giving us a combined income of 29K. Looking at the housing prices, the majority of asking prices for a suitable house are around 110k. I am currently working part time for the university whilst I finish my…
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Mortgage with poor credit history
Hi there I've recently finished paying off debts that I had for 6 years :j but now we're getting married later this year and will be looking to see about buying a house. We've been renting for 6 years and it's really starting to annoy me now - want a home of my own! So my question is this..... if I leave it for a few…
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Mortgage application fee
Don't know if anyone knows the answer to this but will try anyway. We are trying to buy a house and are going to apply for an abbey mortgage. The application fee is 399 for the fixed rate we were planning to go for, which is fine. Presumably if they reject us it is non refundable, but what happens if the house sale falls…
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Endowment Docs Question
Hello All, I have complained about the misselling of my endowment and they have not upheld my complaint. My reason for misselling was that no other mortgages were discussed with me and the documents that they say were provided with me now magically has an extra page showing what a repayment mortgage would cost. I was never…
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Mortgage Question ?
I am currently remorgaging I have been advised by the provider that if I dont take out their house & contents insurance they will charge me £35.00. Now is this legal? - They dont have any admin charges if I dont take out insurance so how come they can charge me not to do it? - I would have thought this is anticompetitive…
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April deadline for endowment complaints
Ombudsman gears up for final rush Most people will be time barred after the spring.
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Cash ISA / Morgage / credit card
Evening all, This will sound very confusing but i have a morgage of 17K ish, I have a Cash ISA that is worth 13K and due and interest payment, I havent paid money into the isa for the last 3 years. Im looking to clear my morgage as i need the credit availability to get another property, would it be advisable to use my isa…
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New Business Start Up
Hi All, I am new to the forums but have been viewing the site for some time now. I was wondering if there are any mortgage advisors out there could give me some friendly advice? (No I am not looking for a mortgage!) I am just about to launch an Independent Online Mortgage Advisory Service, and I am very aware of the levels…
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morgage miseryhelp!
morgage £67,422 intr only £45,000 cap&int £22,422 policy ends 2012 total endowment payment £150,86 per mth mth payment bank £412 as i had cancer years ago i have to pay life insurance £35 to bank, not employed have life ins £35mth to prudential im fed up and skint help!
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Need a BIG mortgage!
My girlfriend and I are FTB's trying to buy a 250,000 3 bed house (this is actually cheap where we live can you believe?!) for us and our 2 year old daughter, plus we have another child due in the summer. I work full time with an annual income of 35000 plus 6000 in overtime and my girlfriend earns approx 18000 working…
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Mortgage finishing what to do
I have a 5 year fixed rate with Bristol and West finishing end of this month, 37000 is endowment (oh) and the rest repayment about 35000, is it a good idea to start another 5 year fixed or not ?. And also is it a good idea to increase the repayment part to 45000 to take up the short fall in the endowment or take the money…
