-
Overpayments and Offset Mortgages
Hey all - hope you can help. We are looking to buy a house for around 340k, and taking out a 250k mortgage - however the deposit will leave us with very little in savings. My husband earns a decent salary and I have a p/t job, and we are very disciplined with our monthly spend, so much so that we expect to be able to…
-
Offset Pros and Cons
Hello, I would most welcome advice and comments on the following. I am re-mortgaging for £45,000. My broker is recommending an Offset with Newcastle. It has low fees (around £125), and is a tracker (Currently at 5.5% factoring in the recent rate rise). It is also totally flexible, which is good since I want to overpay in…
-
Britannia Tracker Remortgage
Hi I am currently on a Halifax tracker at 0.24 above the base rate. This deal runs out in April 2007 and I would like to find a similiar product. I have just spotted a 2 year base rate tracker from Britannia which tracks at 0.05 above the base rate. There are no arrangement fees to pay and there are no redemption penalties…
-
New Mortgage without 3 months wages...
Hi, hope someone can help. We have sold our house (agreed to sell anyway) and have found another house we like and will prob end up putting in an offer. The problem is I have just started a new job and won't have 3 months wage slips until Jan 07 when the chain is supposed to complete. My understanding is that i'll have to…
-
Does IVA affect your potential to change mortgage?
Does anyone know whether you can still apply to change your mortgage if you have an IVA? Its all new to me so be gentle, sorry if I seem thick! Our current mortgage holds a 3 year 'lock in' which finishes in June, and we are hoping to change our mortgage to a better rate . Unfortunately as my husband is self employed, we…
-
Loan for mortgage?
Hi all, I’m after a bit of a reality check on the following: My situation is that I’ve got a £40k mortgage with the One Account (6.10% daily) – I’ve discounted looking at a different provider as the setup fees will be proportionally high compared to the money borrowed. I see that the “MoneyBack” loan is 5.60% (p.a), so to…
-
Paying off mortgage, should she do it early?
My girlfriends mortgage Is 48000, Saveings for a rainy day 15-20000, currently offset,
-
Friends Provident Terminal bonus?
Does anyone know what if any terminal bonus Friends Provident has paid this year on a with profits endowment. Thanks Moneysaver
-
mortgage & borrowing
Can anyway guide me on this bearing in mind i maybe completley wrong in my thinking. I've had my mortgage 3 months and i now want to buy a car how possible if infact at all is it likely that my mortgage company will lend me the money to do this and ad it to my mortgage i'm only talking about 5 grand?
-
How long before I need a mortgage should I arrange one?
I am due to move into a new build flat in June. I need to get a mortgage arranged, but when should I start doing this? Obviously I don't want to wait until the last minute, but I also don't want to get days off to go and try and get a mortgage to be told it is too early. When should I start doing this?
-
remortgage with a dept management program
Hi my mortgage is gmac i have a 15 pounds penalty for not paying bydirect debit and 50 pounds each Month added to arrears fee £65 pounds £1000 oustanding will be clear at end of month paying only intrest at the moment 74 ,000 the house is worth i think about 120,000 i have paid 4 years into a dcm apex ltd can any help with…
-
Plsw help us understand endowment value
In 1994 I took a with-profits endowment policy for £160,000 to repay my morgage in 24 years time, i.e. in 2018 when I will be 65 years old. Premium was £280 per month. In 2002, the endowment company wrote to us about a shortfall in the projected end-value of the endowment and suggested we paid an additional premium…
-
Pls help us understand value of endowment
In 1994 I took a with-profits endowment policy for £160,000 to repay my morgage in 24 years time, i.e. in 2018 when I will be 65 years old. Premium was £280 per month. In 2002, the endowment company wrote to us about a shortfall in the projected end-value of the endowment and suggested we paid an additional premium…
-
can i have 2 mortgages?
I am looking to invest in a second property purely to renovate and sell on. I currently have a mortgage on my own home and do not want to put that at risk. I don't know the best way to finance this property venture. Could I have a second mortgage running alongside my existing one or is there a better way around it?…
-
mortgage mistake
Hi my wife and I had a mortgage with bristol&west. last year we had some money and wanted to pay off the mortgage. We asked bristol and west for a statement and we paid off what they said was outstanding. however, now they are saying that they made a mistake and want to recoup the outstanding. are they able to do that?…
-
Overpayments to reduce monthly payments not term
Hi, I have found sites that tell you how you can reduce the term of your mortgage, but does anyone know how I can calculate how much a monthly mortgage overpayment would reduce the monthly payments by? Having been made redundant I need to decide whether to overpay the maximum £500 overpayment I am allowed by Nationwide…
-
mortgage salary calculator
Hi I'm new hear. We have been a bit stupid and now need to consolidate our debt by adding it to our mortgage. A painful lesson. Can someone give me some idea what the accepted calculator is for salary to amount we can borrow? (Can't remember what it is called). It is some years since we have applied for a mortgage (20…
-
broker fees
Hi all, Looking to remortgage - not so good history - 1 CCJ £11k, £18K unsecured debt on agreed payment plan. Currently have £135,000 house and a £82,000 mortgage with GMAC, just come out of 2 yr fixed as ended. - no penalties. I hear that Salt and Amber are beating down the doors of GMAC etc giving them a run for their…
-
buy to let confusion
I have just finished a barn conversion and am ready to buy another property. im told buy to let is a good way to go but the numbers are confusing. actually its all confusing? how would it work.. The property i have is worth 195k with a current morgage of 57k the house i want (yes its a house not a barn) is 185k ripe for…
-
HELP: Move or Stay with Halifax?????
I currently have a Halifax mortgage of £95k remaining. I wish to pay off £15k when the current fixed deal ends (at the end 31 Dec 06) and standard variable rate of currently 6.75%(Oct). At the moment I am paying £1293 per month til 31 Dec, after which it will be a repayment mortgage (depending on the rates at that time). I…
