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Remortgaging - 2 options/what's best?
Hi I am looking at remortgaging - we increased back to a 25 year mortgage when we moved to a bigger house a couple of years back (where we had only 13 years left on the previous). I figured the length of the mortgage is really relative nowadays seeing as most of us move everyone 3-5 years (well, I do!). Anyway, I am in a…
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Mortgage code? House deeds?
Does anyone know if the Mortgage Code Compliance Board still exists and if so what their current web address is? Can anyone tell me what my legal position is regarding mortgage company losing my house deeds?
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spanish mortgage?
Hi! Has anyone had any experience of getting a mortgage in Spain? We own 2 houses, one here which is on an interest only £75000 mortgage and one in Spain, which we own outright. Would it be possible to raise some or all of the £75000 on mortgaging the house in Spain to pay off/some of the mortgage here? Heard that the…
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Poor performance..... sell / keep endowment?
We have 2 very poorly performing endowments and have taken the necessary steps to cover our mortgage in other ways, however....... we have kept the 2x endowments running as a savings plan. I am seeking guidance on how to work out if this the best value (prob not i suspect)? Would i be better off selling and moving the…
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Waiving Early Redemption Penalty
Hi, Im new to the forum, so first of all Hi to everyone, and a great, informative site you have here. I have a 5 year fixed rate mortgage with the Halifax, with a 5 year commitment period of which I am 18 months into. Not really paying much attention to mortgages before, I've now realised I could be saving myself about…
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Paying off mortgage decision
I have a morgage of £20000 payable on fixed rate of 5.59 over the next 8 years. To pay off this mortgage I would have to pay a penalty of £760. I could easily pay off this mortgage using funds from various savings which are currently earning interest at about 4.5% gross. I estmate that if I paid this mortgage off now, over…
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Bankruptcy Effects On Mortgages
I have a real difficult decision coming up and could do with some general advice. I have a mortgage with the Nationwide under my name, I am the main income earner = +£40k p.a. I am living with my partner who is discharged from bankruptcy several years ago. We want to move house and add her income to the mortgage to gain a…
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working out mortgage paying off
Hi I cant find anywhere online to calculate this. If I was able to pay off a lump sum on my mortgage as it currently stands, how do I work out when the mortgage will be paid off. I'd like to try different scenarios. eg current pay off sum, current sum minus 100, current sum plus extra loan money i'm due to be rid of etc…
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Releasing equity on house with mortgage.
Myself and my wife are in our early 60's. We have a £60K mortgage on our house paying interest only over a long term, the idea being that the payment in within our budget and that should we sell the biulding society will retain the £60K owing. The house is currently valued at £130K. Because of the mortgage we cannot…
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Lump sum or overpayments? Repayment mortgage
Hello! I'm new here - please forgive my total lack of knowledge! We have 17 years left of a "flexible" Intelligent Finance repayment mortgage - outstanding balance of circa £42,000. We have savings of around £25,000 (in Smile mini-ISAs) and want to know what the most sensible and cost effective thing to do with them.…
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Pay Off Your Mortgage In 2 Years!
Hi Moneysavers, I'm a newbie to the forum but have been using the website for ages. I decided to write here because I saw a program on BBC2 last night that I thought would help/inspire a lot of people. It's called PAY OFF YOUR MORTGAGE IN 2 YEARS and features couples/families/singles who have taken up the challenge of…
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Endowment policy - cash it in or keep it?
I've been paying into a Standard Life endowment policy since 1985. The policy was part of an endowment mortgage, now paid off. The current status of the policy is: - Monthly payment £51 Matures June 2010 Payable on death £34,600 Minimum amount guaranteed £22,291 Current fund value £17,587 The current fund value is also the…
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remortgage question regarding timescale
can someone tell me how long a remortgage usually takes from application to money in the bank?
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remortgage question for the brokers
I am looking to remortgage. Currently I am on a self cert with BMS rate is 4.99%. I have had this 2 years and paid on time each month. This is shortly due to increase to 6.74%. My outstanding mortgage is £235k and my property value is £360k. Can someone be kind enough to advise of typical rates on the market at the moment…
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PEPs - Keep or Cash in to reduce mortgage
Can anyone help. My husband and I have some PEPs which are now making money again. We are trying to reduce our mortgage (as per advice on this site). Are we better to keep the PEPs or is it more cost effective to cash them in and pay into the mortgage.
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Additional payments or savings?
The introductory period for my mortgage is ending in May. If my current provider does not offer another good deal I'll be switching (have already downloaded Martin's remortgaging guide). Last time I remortgaged I managed to cut 3 years off the term of the loan and intend to do much the same this time. Should I also put any…
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Re-mortgaging and a 0% credit card balance
I'm just starting my re-mortgaging process as my current offer runs out mid-April and searching for lenders. However, I've also got a credit card balance (at 0% until April) of £3500. Should I pay this off now as I've kept the balance in savings earning interest, or should I just leave it on? My concern is that it might…
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Skipton Tracker mortgage killing me
hi, i got a skipton US libor traker mortgage just over two years ago and since its done nothing but go up ! I'm tied into it til july 07, has anyone had any experience in changing their mortagage at this stage or have any advice as to the best approach ? thanks,
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Any new good deals?
Hi, my current tracker mortgage deal is coming to an end and I am looking for another deal. My current lender is Nationwide, their deals dont look as good as what i have already, unless I am prepared to pay a reservation fee of £399! My total mortgage is £95081 and I pay 4.54% rate at present. £67005 is interest only which…
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advice on mortgage please! :)
hi, me and my partner have our name down for a join ownership flat that will be finished hopefully by 2008- weve not put any money down yet as half of it will be owned by irwell valley housing assosiation by then my other half will be earning £25,000 but ill still eb in full-time education the flats are provisionally…
