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Come into some money - should I pay off my mortgage?
Hi Guys, Wanted a little advice. My mum is downsizing and wants to give me my inheritence now (told her to go skiing but she insists I have it). To cut a long story short she is giving me 20k now and 70k when she sells her house. I plan to spend the 20k in the following ways: 5k - off mortgage now (can pay off 5% without…
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interest only due soon-help
I have an interest only mortgage, £31k, due to be re-paid in 2011, with Bristol & West, currently on standard rate. House is worth around £230k. My wage is only £15k pa and my wife's £2k. Have an endowment from earlier mortgage coming out in Nov 2007, worth approx £14k, investment bonds worth £9k, investment of approx £16…
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Royal Bank of Scotland/First Active Rate Changes
We wanted to let you know about some changes to our mortgage range. From 23 August we’ll be withdrawing the current 5 year fixed rates for our RBS and First Active brands – and replacing them with two new deals. RBS purchase rate to be withdrawn * 5.19%, 95% LTV fixed until 31/8/11 First Active remortgage rate to be…
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endowment misselling - still waiting
I am here on behalf of my mum who is having a nightmare trying to find out if she is entitled to any compensation from her endowment. She asked a solicitor to act for her in December 2005 and is still no further forward. Does it normally take this long? She took out a policy in 1987 through Abbey National, was not told of…
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change mortgage to interest only?
I tried to change my mortgage to interest only and the halifax said that i have to clear my arrears with them first is this right?
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First Time Buyer
Hi I'm a first time buyer and I need a 100% mortgage, any tips? Thanks Thomas04
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Wrong mortgage product been set up
I applied for a 4.39% fixed rate mortgage with Nationwide through an independent mortgage broker. All went through no probs until I got a letter from Nationwide today saying that the rate is going up and it appears they have processed my application on a tracker rate (there was a 4.39 fixed and tracker rate around at the…
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Forecasted Interest Rates
Significant shifts in projected future interest rates and interest rate differentials: Expected Rate Declines in the US - Further tighteting in UK http://members.cox.net/dmrc/Projected_Rates.htm
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Mortgage Calculation
Don't know if anyone can help. I am looking to find out how much I will have left to pay to my mortgage when my current fixed rate deal runs out at the end of Nov so I know how much I need to re-mortgage for. According to today's statement from the bank. I have £55,806 outstanding. I have four payments of £439.75 left. My…
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Halifax Exit Fees
I have had my fixed mortgage with the halifax for almost three years now and it ends at the end of November, I am now looking for a re-mortgage and Halifax have told me that there is an exit and deeds release fee of £300. I have searched my Terms and Conditions which i signed at the time and there is no mention at all of…
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Current Best Deal?
Your advice please..... I'm looking to borrow 155000 over 30 years with a fixed rate.(repayment) What is the best deal at the moment. I've tried the woolwich but they are falling 8k short. Circs... Income 1 26000 income 2 23000 cc's 6000} to be cleared loan 8000} to be cleared moving costs 400 hp on car 173pm I'm trying to…
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Mortgage Offer
I have recently applied for a mortgage with Abbey through a broker. The valuation of the property (new development) was completed today.. Can anyone tell me how long for the mortgage offer to get to me? Will Abbey do more checking? I am assuming they have checked my details before doing the valuation as it costs them to do…
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Pay Mortgage Off Early Or Save
I am planning to start paying my mortgage off early by increasing the payments. Someone told me recently that you get tax discounts if you have a mortage and it isn't worth it, is this true?
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Woolwich - 10yr Fixed Rate @ 4.98%
Just been offered a great deal from Woolwich, a 10 year fixed rate @ 4.98% £595 arrangment fee. cant see anything. This is for a remortgage, I think the fee's are higher for a mortgage
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charismatic
Hi all, I am coming to the end of a two year fixed option with Nationwide (Oct 31) at 4.79%. At present I have 11 years left on the mortgage but would like to reduce it down to 5 if possible!! I have been looking at the One Account and have done the math on their site and it looks possible to do - what are your thoughts on…
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Run two mortgages or pay one off?
:confused: Can anyone help on this query? My wife & I own a house, which we currently rent out, it was bought with a repay interest only & endownment policy running at the same time. The actual amount to buy the property outright is about £36k & the value of property is about £200k (the endownment fund is aboout £8k). We…
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Have you take out a commercial mortgage in the last two years?
How easy/difficult was the process and how do brokers compare with banks?
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? re Payment Holidays
Just wondering how payment holidays show up on your credit report? I'm looking into doing this to pay off a credit card but want to remortgage after this payment holiday to use some equity to pay other debts and to get a better deal - don't want to do something that could jeopardise getting a better mortgage deal. I'm…
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Further borrowings against 2 homes?
Hello all I do not know what to do - sorry but this is a long story and I hope someone will have some good suggestions... I have a terraced house which I started to buy in 1983 for £13,450 under an endowment mortgage with Leeds Permanent (now Halifax). I subsequently took a further borrowing of £18,000 a couple of years…
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Chelt and Gloucester Hopeless!
Been with C & G for years now going for a new deal, fixed over 5 years 5.54, we also want to borrrow an extra £10000 towards house extension, taking the mortgage to just under 50k They won't let us have the fixed deal on the extra 10K only on the existing 40k saying that the 10k will have to be on the variable rate…
