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Help to change mortgage
I've today received a letter from my mortgage provider that our mortgage account has reverted to their standard mortgage rate. My mortgage has now gone up from 370pound to 466. A big change that I can ill afford. At the moment I'm on a debt management plan with cccs and unfortunantly I also got debt collectors knocking on…
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Should I buy to let - any advice appreciated
Hello folks I'd really appreciate some advice on thinking through my options. I am married with two young children. We live on a houseboat which is worth about £80,000, and we don't owe money on it of any significance. Mooring fees and maintainance cost about £4000 a year, but council tax is covered by that. We like the…
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Valuation Fee
Can any one tell me if this is corerct;.. Whilest the full application gets processed they require the vaulation fee, but what if the application gets declined do you get money back
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Would this help me avoid early redemption fee
Hi i am remortgagaing from halifax to abbey and should have money available next week. My question is this. I am due to pay about £1000 in early redemption fees to halifax because the special deal was a tie-in 'til May. I do not want to wait until May to redeem, i want to do it asap to release some extra equity. Is it…
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Mortgage Application - Referred
Can any one shed light on what this means x Thnx
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Helping son with mortgage - Capital gains tax?
I have a small mortgage (£17k) left to pay on a house that my mother-in-law lives (we live in tied accomodation, so her house can be used for tax purposes as our main residence) The house is in joint names with my husband, although the mortage was only based on my income as he is self-employed and the business does not…
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buy to let
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Debit interest
My in laws are charged bewtween £300-£500 every month in debit interest relating to their offset mortgage can i reclaim these charges back?
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Advice please,mortgage for 70k,what rate am I looking for?
Hi I have had a price accepted for a house I want to buy. Mine is sold and only a couple of weeks away from completion. With what I have made from my current property, I am looking to borrow 70k. Anyone give me any idea what rate (fixed hopefully for three years) I am looking at. I earn around 25k per year, will have no…
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Current Best 2 Year Fixed Overall Deal?
I am looking for a new 2 year (or 3 or 5 year) fixed rate (with no overhang), as a remortgager. I wish to borrow £100k over 23 years (or less). I don't care about the rate, I am happy to pay out for arrangement/legal/valuation (not added to the mortgage) providing that at the end of the fixed rate period it works out the…
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Paying off a Mortgage quickly
We took up a mortgage with Nationwide on July 31st last year and are now in a position to pay the whole thing off (8 months later). On the contract it says if we pay early we have to pay a £90 admin fee plus 2% of the loan, divided by 24, multiplied by the number of months left on the fixed term (15 months), along with the…
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Interest only vs. repayment - what to go for?
Hi, We 100% own our current flat and have just had an offer accepted on a house. We want to keep the flat and rent it out, but want to remortgage it to help pay for the new house (upon which we are getting a seperate mortgage). I have two questions. The first is a) because we are letting out the flat, does the mortgage on…
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endowment compensation
My husband was sold an endowment while he was in the Army, he did not own a property, but was told that is was a good thing to do and at the end of the term he would receive a extra lump sum. It was 3 years after he started this endowment that we got our first mortgage. He tried to claim for compensation and put in his…
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leasehold property - missing landlord
hi :hello: i own a leasehold (99 year) maisonette which i purchased approx 10 years ago. the original owner in the 70's went bankrupt and the leasehold became the property of the crown. the crown do not exercise there right as lessor to charge ground rent or maintain the property. (i meet the maintenance cost with my…
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mortgage paid off!....title deeds?
i paid off my smart mortgage last year and my mortgage account balance is shown as 0. sorry for asking this question as i have little idea about legal documents butshould i get some formal paperwork (title deeds) from my bank confirming me as outright owner? many thanks
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Goodbye Credit Score !
I was wondering if anyone has had a similar experience to this ? A while ago I re-mortaged B T L properties from Royal Bank to Birmingham Midshires, 19 in total , used a mortgage broker no problems at all. Couple of months later got a knock back for a credit card , thought very strange I knew I had no ccjs, no adverse…
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mortgage rate advice please
hi im a newbie here and have a question about my mortgage rate i have been sent a few letters stating my rate and i am sure they said roughly 7.2% i know this is high but i have just got on and payed them i have now noticed that what i have been paying on a 68000 mortgage is 576 now i work that out to be 9+% would i be…
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What would you do?
Hello there. I'm generally just a reader of all the brilliant advice, but today i need would like some personal guidance if possible. My wife and i have recently sold a flat we were renting out in Central London. We got fed up with with the phone calls at strange times and decided to sell up. Since having children we've…
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Offset vs. Savings
Hi, I changed to an Offset with YBS last year, and now have enough in savings to completely offset the mortgage, which I have done. I am now in the postion that I pay no interest and if I want access to money I can effectively 'borrow' from myself at the mortgage rate (BOE +0.75%). My question to any experts is this: Is…
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anyone understand endowment statements?
Standard Life taken out in April 1987, due to mature April 2012 23.37 per month - not index linked Statement 2006 Statement 2007 current value 7873.85 current value 9138.50 bonus added 37.66 bonus added 37.85 min at maturity 10453.00 min at maturity 10490.85 couple of questions: if the bonus added was only 37.85 why has…
