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Remortgage / Equity release dilemma
My OH and I work together in our own business and have a modest income. Mortgage was taken out by my OH in the 80s when he was employed: the mortgage is for £70k, home valued at around £200k. We need some extra funds to renovate the house with a view to selling in early 2008 and would also like to consolidate some debt by…
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Remortgage: Wait for base rate drop?
Hello, I am hunting round for a remortgage deal before my fixed rate with Alliance and Leicester ends on 1st Jan 08. The best deal I can currently find is Britannia at 5.39% for 5 years. I need the security of a fixed deal and want to go for 5 years due to my personal circumstances. I am aware the base rate might drop in…
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Admin fee for going elsewhere for insurence?
Hope this is in the right bit as its sort of insurence and sort of mortgage! :confused: We are in the process of buying our first home. The mortage company we are using have told us that if we are going to get our building insurence ourselves (ie: not though them) they will charge a £30 administration fee, which to me…
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Early Redemption Charge
Hi I realise that I'm grasping at straws here, but any advice would be much appreciated. I have one year remaining of a 5 year fixed rate mortgage with Britannia Building Society. There is approximately £104,000 outstanding on the mortgage. I am currently in the process of selling the property as I am moving in with my…
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Early Redemption Charge
Hi I realise that I'm grasping at straws here, but any advice would be much appreciated. I have one year remaining of a 5 year fixed rate mortgage with Britannia Building Society. There is approximately £104,000 outstanding on the mortgage. I am currently in the process of selling the property as I am moving in with my…
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Independant Financial Adviser problem
Hi everyone, Please be gentle with me as I'm new. I've been following these threads for a while and followed the advice of using an IFA who was fee free/whole of market etc to arrange my mortgages in March. I was recommended an IFA by my sister, she's used them a few times (for mortgages) and has been happy with the…
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Harbour (broker) and First National (mortgages)
London & Country have recently offered me a First National (part of GE Money) mortgage via Harbour Homeloan (Broker) and just wanted know what your views are? Due to one recent CC default & one CCJ - this appears not to be a very bad deal :confused: considering my poor credit record The deal is 7.39% fixed for 3 years, no…
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Help please.
Sorry about the length of this, I have tried to explain it as breifly as possible. For some time we have been thinking of how we can look after our parents when they get older and as such we deceided to buy a nice big property that also has a granny annex. In order to do this each of our mothers are going to give us £150K,…
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Principality FSA Paranoia
Hi there, Can someone offer some advice pls! Several months ago the Principality wrote to me in order to ask me if I would like to transfer my mortgage to be regulated by the FSA (as they say it currently isn't.) Now I didn't see this letter as being very important (I have had a mortgage for five years with them and had no…
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Move Mortgage, or repay and new lender?
Dear all, I apologise for the length of this post and have made efforts to keep it as short as possible whilst still including all necessary detail. However, I would really welcome your feedback and advice on the situation I outline. In October 2006 I purchased a 1 bedroom flat in Berkshire, for £111,200. I now need to…
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Should I cash in my Endowment & pay mortgage
Hi, I have a £32,000 Interest only mortgage (25 year term) with 9 years to go. Standard Life have advised me that I will probably have a shortfall - the low rate estimate is £18,090 and the highest is £24,680. Did I read somewhere that Standard Life would guarantee to pay the full amount to old customers or is this just…
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endowment mis selling time limits-advice needed
Would be grateful for any advice. I took out my endowment in 1992 with Friends Provident. Complained about mis selling in 2003,filled in all the forms and they agreed based upon my attitude to risk etc. They offered me the surrender value plus compensation based upon comparing it with a standard repayment mortgage. Offer…
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is this a re morgage?
hi :-) i have just read about over charging for re mortgaging. i dont know if i have re morgaged!! haha. we have twice now paid £300 to have a fixed rate morgage for 3 years - is that one i can claim back on? thanks julie
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Main earner? We earn the same!?
Hi all, does anyone know how we stand with applying for a mortgage when we earn exactly the same wage? We are a hetrosexual couple [and before any of the eagerly PC of you take issue with that comment it's purely to illustrate that we are a couple, rather than just friends, and of opposite sex for relevance to my later…
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Advice needed
Hiya peeps After some great news ( expectant dad ) me and my partner really feel we need to stop this renting game and get the stability of owning our own home. I have an income of £22,000 my partner £15,000 we both have good credit rating although owe roughly £7,000 in debt ( personal loan/credit card . Due to our new…
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Overall cost for comparison
Looking at mortgages and its getting more confusing to choose which rate to go for :( . Everyone states the "overall cost for comparison" but should I be looking at this or the initial rate only? and then remortgage after the fixed period? Anyone recommend any software or spreadsheet to workout the true cost of a mortgage…
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Overall cost for comparison
Looking at mortgages and its getting more confusing to choose which rate to go for :( . Everyone states the "overall cost for comparison" but should I be looking at this or the initial rate only? and then remortgage after the fixed period? Anyone recommend any software or spreadsheet to workout the true cost of a mortgage…
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Best remortgage offer
Saw this in my email and started the remortgage process straight away http://www.charcol.co.uk/uswitch/ BoE + 0.09% for two years 95% LTV only required (NO HLC) No Fees Can anyone beat this? (95% LTV is a must for me)
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Mtg with best friend? Advice Please
Ok, So this is a bit complicated so bear with me: Approx 12 months ago my best friend bailed her dad out by taking on the mortgage for the family home. She is a teacher, salary approx 24k. She was living with parents at the time so just took on more of the financial burden. This was really due to her fathers large debts…
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Advice please!
I currently own my own home (with mortgage), and I've been offered another job about 150 miles away. I'm now considering my options: as my new salary will be 25% higher, I could rent my current home, and buy somewhere new. The current place would effectively pay for itself in terms of the mortgage, while I'd be putting a…
