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Barclays - Woolwich Offset Loophole (Shhhh keep it quiet)
As you aware Offset mortgages allow you to take off whats in your bank account against your mortgage and only pay interest on the difference. Now even though Barclays owns the Woolwich it doesnt necessarily mean their systems work together perfectly. I tend to use credit cards to offset against my mortgage and I still have…
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Mortgage deal ending, what to do?
Hi My current mortgage deal (fixed rate) ends on the 30th of June, it will then go to a standard variable rate. Thing is me and O.H are looking to buy a house together (after 10 years!), his house in on the market and mine will be up in a few weeks. So I don't want to be tied in to another mortgage, when, if all goes well…
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to change mortgage or not
Last week rec'd a letter from endowment company offering me a cash payment in lu of misselling and they also said i should change to a repayment mortgage and they would pay cost to change is this a good move or should i stay with endowment?. thanks
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loan on 2nd joint owned property
can anyone help me with advice on the best way to raise money on a 50% owned property..this was inherited and no charges or loans are secured on it..my brother who ownes the other 50% lives in the house but at the moment friends are living free of rent upstairs!! i am intending to start charging rent from October.as this…
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mortgage mis sold in 1993
hi all, i had an endowment mortgage which i believe was mis sold in 1993.is it to late or possible to get any compensation? hope you can help! thanks
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Mortgage on future income (within next three months)
Hi there, My husband and I are relocating for new jobs and have already sold our flat, which exchanged yesterday. Because our jobs are in teaching and academia, the new jobs don't start until September 1st and October 1st. We obviously need to move by that time, but as my income is set to double (currently a bursary, but…
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I need help as my head is spinning
Please can someone help me with my mortgage. I'm good at Maths, but I've been looking at this all day and can't work out what to do, so I thought it worth asking on here. Just coming to the end of a three year deal at 0.01% below BoE rate. This is with Abbey, and we started off at £212,000 and now owe about £198,000. Rang…
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What's the Best Mortgage for Property investment?
After saving up small amounts of cash whilst living in wales, my wife and i will be seeking to buy property here to do up and sell on,..... however it isn't easy knowing the best mortgage or loan for doing a cheap renovation job!:confused: Anyone willing to help with ideas gratefully appreciated.:T This will be our first…
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Will we get our mortgage !
We have bad credit and have been advised by our mortgage broker that we would be best suited to a sub-prime lender. The broker has successfully managed to get us an Agreement-in-Principle (AIP) with Southern Pacific Mortgages (SPML). The broker has used a packager and we have been advised that the packager is actually an…
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Self Cert Help please ?
Hi - 5 years ago my husband became self-employed. He also wanted to buy his council house. At the time i was an undischarged bankrupt so obviously I cannot be part of the deal. He got a self-cert mortgage with a projected income. It was 100% mortgage (i.e no deposit) for 28K. The property was valued at 56K. Now hubby has…
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Mortgage soon paid - Close account???
Hi all, Advice please. I am in the very happy position of being about to pay off my mortgage. Some people say I should keep a small amount of debt to preserve my credit rating and make it easier (and cheaper) to borrow should I need to in the future. My property is registered so there are no deeds to be kept. So, should I…
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Fixed rate mortgage recommendations
Hi, just after a bit of advice really, me and my partner are looking at a mortgage of about £48,000. We have chosen the fixed rate mortgage option and was wondering whats the best ones around at the current time. Ive checked the best buy tables but we really want a low product fee and some seem to be £1000+. Just to add to…
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FTB-So many mortgage choices
Long time reader and admirer here.
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Suggestions for self-cert provider
Hi there, I was wondering if anyone could suggest a good self-cert provider? We want a self-cert as my H is currently self-employed but starting a new job on Monday. He'll be in a probation period, which they'll take into account despite having an income from the business and they want to take an average of the business…
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FTB: How much can i really borrow?
Hi, I’m a first time buyer so please go easy on me. I’ve recently just bought a new build apartment, costing just under £100k, which won’t be ready until next year. Barratt have agreed to pay 3% and I’m putting in another 5%. I’m borrowing some money from my in-laws to buy furniture and things I need for the apartment,…
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Loan or add on to mortgage??
Hi we recently bought a house and added 15k on top to do work in the house. However we need another 5k to finish. Which would be the best way to get this money? Would it be to add on to the mortgage or get loan from a bank or other source? I suppose the repayment cost would be a lot different with each scenario but would…
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remortgaging
my ex is remortgaging to buy me out of the property. i am on the mortgage at the moment and also joint deeds. what happens ? how do i come off mortgage and deeds and make sure i get my settement? will the bank who hold the deeds need us both to have solicitors as my ex says the banks solicitor will deal with all this, but…
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Should I cash it in
Hi all, same old question - should I cash my endowment in? details: Legal and General start: 10/12/92 end: 10/12/17 Sum assured: 57k Basic sum assured: 21K Premium: 76.74 Bonus 7.4k current grtd bonus 54% Surrender value: 16.7k rising to 17.3k in dec 07 Offer: 17.7k Projection: as is with 6% 40.1k paid up (at £13.3k) with…
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should I sell my endowment ?
I know this gets asked a lot on here but I would really like somebody with a bit more knowledge on the subject to look at my figures for me please. My endowment details are as follows start date 29.08.91 maturity date 29.08.16 so has 9 years to go basic sum assured £17193.00 attaching bonuses £7292.00 monthly premiums…
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50k mortgage advice
parents are giving me a 50k deposit.im looking at a 100k mortgage.im 22 single. im after a 50k mortgage.whats my best option?a fixed rate,tracker variable capped???? over 25,30,35,40 years??? or maybe a low rate loan or some other method?any ideas???could i get a secured loan on the property?or not basically i need it as…
