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Please Help me
Hi, I wonder if anyone can help me. Currently mortgaging with GMAC, Mortgage around £100k with payments at £637 per month. Unfortunately, about two years ago I lost my job and buried head in sand so to speak and didnt pay mortgage. I Made an offer to GMAC to pay them £700 per month. This would consist of £637 regular…
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help - first direct 5 year fix question
hi, could you clear something up for me please, i am looking at the first direct 5 year 4.99% fixed rate offset mortgage. can i use it (or is it the same) as a standard type repayment mortgage. basically if i make both the capital and interest payments every month on this product is it the same as a standard repayment. i…
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Repaying the interest only..
Two years ago we paid a lump sum of £15000 off our then £80,000 mortgage of which £20,000 was interest only. The money should have been paid against this part, but was instead credited to the repayment part. When I realised the error (almost immediately) I was told that as we overpay each month it wouldn't make any…
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one account
hi can anyone help,ive been thinking of switching to the one account,ive have 28 years on our mortgage left,we brought the house for £76000 and it is now valued at £90.000,however we borrowed £10.000 back, i have a persnonal loan of £5k,and our incomes are £14000 each a year(£28000)in total,we would be able to leave our…
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Remortgage - Will they let me?
:huh: Hi Everyone, I am after a bit of advice please, I currently have a standard repayment mortgage with HSBC. This is a joint mortgage with my son, and we have had it for about 6 years. The mortgage is for about 50% of the value of the property. My son and I have been considering re-mortgaging (looking for a better…
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Halifax PEP mortgage
Eleven years ago I took out a PEP (as it was back then) mortgage with the Halifax to run for 25 years. Last month, with 14 years remaining they sent me an "amber warning" to the effect that, on current projections, I would end up with a shortfall equivalent to 10% of the amount due. This is obviously a blow as, not only…
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15 Year Fixed Mortages
Hi, My 2 year fixed rate at 3.99% comes to an end in March, I am considering taking out a 15 year fixed rate mortgage with Northern Rock with a rate of 6.79%., instead of another 2 year fixed rate. Not sure what is the best option, thinking 15 year best to prevent constant renewal fees, but risk may be that rates may drop.…
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Do i need a solicitor when redeeming mortgage
Hi guys, As title says, do I need to get a solicitor when redeeming a mortgage? What would they do and would i be able to do it myself? What would be the approx. cost of the solicitor to deal with a redemption? Thanks
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Want a mortgage, have no deposit and bad credit
Official MSE Insert: If you've arrived from Google, our fully researched Mortgages guide may be helpful. Back to the original post... Hi all I was just wondering if I could get some advise from you guys. Me and my fiancee have been renting private accomodation for about 3-4 years now, from what I have heard about the…
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Mortgage advisor gave wrong advise - can i get my money back?
We are one week before completion and have just found out that we will not have enough money to buy the house we want. It was extremely complicated from the start because we are porting my partners existing 95% mortgage to the new place and he is getting another buy-to-let on his current flat. Basically, we need about £20K…
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Why an Offset Mortgage is more then just making overpayments...
Hi all, Offsetting is so much more then just simply over paying on a mortgage. Offsetting will allow you much more flexibility such as getting your hands back on your funds with ease, it may allow you to link more then one of your accounts to the mortgage saving £££'s on interest payments (Some lenders even allow you to…
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One Account type mortgages
We are in the process of looking for our next best mortgage deal and the principle of the one account seems appealing. Any positive/negative feedback welcomed and of course any information on who currently offers the best deal with this type of mortgage. Thanks, Martin.
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Switching mortgage provider with 2 mortgage amounts?
Our fixed rate on most of our Nationwide mortgage ends in a few months but we had also added an additional amount to our mortgage on which the fixed rate doesn't end until March 09, with an early repayment charge on the smaller amount before that date. If we are looking to remortgage with a different lender when our…
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Endowment Advise please
Can anybody tell me if Endowments are always associated with Mortgages or are they an investment that could be used for retirement etc, as I believe that my parents were mis-sold an Endowment ?
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We might be applying for a (FTB) mortgage soon- question about credit report
Hi, We might be applying for a mortgage in the coming months. I just ran our credit reports, and the trouble is that although our payment history is impeccable, we have only one credit card, and the current account we have been using for 15 years is not on the report, since that was taken under the address my OH was using…
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can you borrow on a french house which is
mortgage free with rental income in france ? thanks in advance for any tips. it would also needs doing up a bit so would like to use some of the money to do this up and sell it on. thanks in advance for any tips or advice.
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remortgaging when house is on the market
Hi, first post, been a lurker for a while so go easy on me!! we have our house on the market as we have recently got married and want to relocate closer to OH parents'. We are currently on a 2 year fixed rate due to end at the end of the month. We are not going to buy immediately as not convinced which specific area to…
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Can I get my mortgage fees back?? I don't have a mortgage!!
I paid £699 booking fee and £500 valuation fee to abbey last April for a mortgage that I couldn't take up as the flat I wanted to buy was over priced by the estate agent and the whole endeavour fell through. Tried to buy a second property but realised I just didn't have enough money. All my savings wiped out by 2 surveys,…
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New mortgages to cost even more - Nationwide
Nationwide announce further increases to some of their mortgage rates (clicky) for new customers. Will it get worse? Nationwide - proud to be different :rotfl: GG
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advice
should I stop paying endowment premiums on policy when I have nearly already paid off mortgage
