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Switching to interest only & avoiding any ER charges
Any advice needed !! Unfortunatly our circumstances have changed drastically and we need to switch to an interest only mortgage asap - current mortgage is with Birmingham Midshires (£150k loan - repayment of £1100 per month). We are also tied in until May 08 and would like to avoid any early repayments fees etc (approx…
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Problem getting a mortgage
Apologies for posting in this forum to, but accidentally posted in the wrong one. Hi, Me and my wife are about trying to buy a house. However we are having issues about getting a mortgage. This is to do with the fact that my wife has a 6-month contract position at work, and her employer won't guarantee a renewal. We are…
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Interest Payments Between Mortgage Switch!
Hi Just switched mortgage and have a question concerning timing of event and interest. Have paid my now old lender my last payment at the start of October (1st). Mortgage settled by new lender ~19th October. First payment to new lender was supposed to be the 16th November but have decided to go for the 1st of November…
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Nationwide Reduces 5 and 25 year fixes
Just in case anyone was going to sign up today... From: http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1098
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Remortgaging
I have been looking into this to see if it's worth doing. I know there are guides and such like to help me through it, but just wondered if I had all the fees applicable right (I have been looking at Britannia, if that helps). Reservation fee: varies quite a lot (£399 upwards) Valuation fee: £200 Admin fee: £100 (not…
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Mortgage lender need to contact my employers
Urgent Help Needed please I am a first time buyer and have an accepted mortgage offer from a lender on a property and the survey has also been completed. The solicitors are currently in the process of searches on the property. My questions is will the lender need to contact my employers between now and the…
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Please Help - Arrears and Threat of Repossession/Court Date
Hello all. I am new to this board and this is my first post, I am sorry if I have posted in the wrong section. In December 2006 I bought my first property for 93k with 5k down as deposit and a monthly re-payment of £563. I thought this payment wouldnt be a problem as I had been promised decent monthly bonus on top of a 17k…
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Help with way out of Mortgage Redemption?
Any advice please. I have a Woolwich fixed rate mortgage, which the term is due to finish 31 Jan 08 but I am selling my house & not taking out another mortgage. The penalty is 3% which works out at over £2,000! There are only 3 months to the end, is there any way to reduce the fees? Can't afford to lose my buyers. Any body…
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Mortgage fixed rate ending but house on market - what to do!!
Hi We are currently with the Alliance and Leicester on a fixed rate mortgage that ends Jan 08. Current repayments are £867 a month which will go up to £1160 in January which we can't afford. A&L won't offer us any other mortgage apart from paying interest only for a while. Our house is on the market as we are emmigrating…
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Mortgage Calculators
I was looking at one of the comparison websites, www.godirect.co.uk that was recommended to me by a friend for a cheap mortgage deal, and i found a mortgage calculator. I know nothing about these, are they any good? - i don't want to waste the time filling it in if it is worthless!
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Will I still need a sub-prime remortgage?
When my partner and I took out our mortgage 2 years ago we had to go for a first national, light adversity one. We have now come to the end of our 2 year fixed rate and would like to look elsewhere to see if we can get a better rate.Initially we had to go sub prime because my partner had had 2 CCJ's which were satisfied 13…
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i recieved a "bung" to buy an endowment mortgage
whilst i was "sold" my endowment by a IFA before the cut off date of 29th April (TWO DAYS before) does the fact that the IFA offered me a bung of £200 IF i took an endowment mortgage, and only if i took an endowment mortgage not count for anything?The FOS, whilst being helpful, are of the opinion that the policy was done…
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NR payment break
HI everyone, i have received a card through advising i can take a payment break from october for a month. I am thinking about it but is it just a break from the capital payment - do they still take the interest part of my mortgage? or is is a complete month free? thanks for any input - i will call them somtime today if no…
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A £20,000 mortgage
Hello, it`s my first post so be gentle with me. We are looking to pay off £20,000 which remains on our mortgage. Lenders don`t appear interested in giving us a £20,000 mortgage, they want to lend us a lot more. What I would like is suggestions of the best/cheapest way to borrow £20,000 and repay it over approx` 4 years. It…
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remortgage/bankruptcy
my partner was declared bankrupt last year and in the past few months his mortgage repayments have shot up by £70 per month is there any way he can remortgage :confused:
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bad credit rating will I get a mortgage?
I've got a v poor credit rating. DMP. Hate owing money. Shall I sell house to clear debts? Would I get another mortgage if I did that? Or am I to be punished for years and years?
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Money4uMortgages.com
Hi All, I had originally posted this query under a separate thread, but didn't get a ressponse. Just wondering if anyone has used this company, http://www.Money4uMortgages.com? If so, are they any good etc? They seem to be similar to Money Back Mortgages and Mortgage Genie, which are mentioned in one of Martin's articles.…
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Northern Rock - mortgage review?
Hi I am due to come to the end of a discount tracker with NR in Feb. We have always used their mortgage review service to get a new deal. My plan was always to go back to them in Feb to look again at a new deal and hopefully get payments reduced . We will obviously go onto their SVR if I do nothing. 3 questions 1) Does…
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house owner who gets imprisoned?
What happens to a house owner who gets imprisoned- as mortgage payments will be missed , does this mean any home owner who gets imprisioned suffers the "double punishment" of having their home repossessed? What if the prisoner has a young family - if repossession occurs do children suffer the sins of their father? Do…
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Broker No Longer Exists - Who Do I Claim From
Hi, I've Found All Of My Paperwork For My Mis-sold Endowment Policy And Want To Start The Claim Process But Dont Know If I Can And Where To Start. Unfortunately The Broker No Longer Exists. The Endowment Was Taken Out In 1997 And We Paid Around £8500 In To It Over The Course Of 6 Years, In That Time Our Original Mortgage…
