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SVR v The One Account
I currently have a One Current Account Mortgage which I owe £115k due to finish in 14years time.Current interest rate 6.7%. I am thinking of remortgaging to a SVR mortagage possiably with Cambridge Building Society, but with an intro rate still to be disccused. General question to begin with. What are members views on the…
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REALLY basic mortgage question...
hi again If I'm interested in short period, flexible mortgages (e.g.trackers) and will overpay quite a bit, does it matter what period of mortgage I take out ie. 25 vs 20 vs 15 years ? Presumably, the shorter the period, the more I'll pay off but the harder than monthly pain. If I'm going to overpay, wouldn't I be better…
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morgtage help needed plz
My partner and I are looking to buy a property together. He currently has his own mortgage and I am renting. He expects to make £17,000 profit when he sells and earns £20,000 a year. I am currently on long term incapacity benefit and DLA. I receive approx £6500 year. Does anyone know if my benefits would be taken into…
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Novice mortgage questions
Please forgive me in advance for the naive nature of these questions - I’m very very new to the whole mortgage thing! Basically, the background is that my parents are getting divorced (not what you expect after 30 years of marriage but that’s another story). They are in the process of selling their home and from the…
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mortgage insurance
pleased advise, can i try to reclaim the insurance i had to pay when getting my mortgage. MIG ? i understand it to be a cover for the bank not myself ?
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Another Fixed / Tracker Dilemma....
Hi All, I'd love some insight into my dilemma. Our fixed rate mortgage with the Nationwide is ending at the end of May. We are currently at 5.09% - £80,000 loan, against £170,000 property with 11 years to run. Nationwide is offering 5.63% fixed for 5 years with no arrangement fee. The other alternative is their lifetime…
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ISA - use as house deposit or leave be ?
If I need to buy a new house - am I better to use all my cash ISA towards deposit, or leave it be ? I'm a higher tax payer... thanks
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Trackers which offer more than 10% pa overpayment ?
hi Last year I made a >10% overpayment on my C&G tracker. I now need to take out a new mortgage - but a new tracker with C&G appears to have a 10% cap on overpayment. Are there any alternative trackers which will give me more overpayment flexibility ? I don't really want to go the whole hog and go for offset / VirginOne…
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Mortgage Holiday Breaks
I have a fixed rate discount mortgage with Halifax and I've recently looked into taking a mortgage holiday - I'm getting married and I wanted to have a bit of extra money. My initial understanding was that it would only 'cost' me an extra £10 a month on my mortgage for the privelege of 1 months break and I would incur no…
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Buy to Let predicament
Hi all, this will probably generate very little sympathy, but here it is anyway. A Buy to Let apartment I bought a couple of years ago, which has cost me probably £3000/year even with a fixed mortagage will now cost close to £5000 with the same mortagage co. on the St. Var. Rate. The flat is up for sale, has been since…
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Can there be two seperate mortgages on a single property
Hi Gents/Ladies Just after a bit of an advice. I currently have a share ownership mortgage, own 50% & the other 50% by the HA. My share is worth 80K with OS mortgage of 56K - equity of 24K. The existing mortgage is in my sole name I recently applied in joint names with my wife for the whole 100% share (£136k) and was…
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Please advise re re mortgage and misc!!
Hi Hope you can help. Am just about to have the house signed over to me from ex husband and need to re mortgage as my fixed rate deal was up months ago. As soon as the deeds are in my name I am ready to proceed....I have already paid him off for this. Can I please have some advice as to where to start?!!! I think I want a…
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Remortgage sanity Check
Hi, I'm looking for a quick sanity check on my re-mortgage deal to know if I need to do much more shopping around. The deal is with my current lender, the Woolwich. My house value is approx £200k My mortgage debt is currently £93k My current mortgage deal ends on 31st March. I plan to re-mortgage to £100k There are no…
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Negative Equity - Implications
Say this house price crash, which many people seem to be predicting, does happen. And say I've only recently taken out a 95% mortgage to buy a property, which has resulted in negative equity. What are the implications here ? Is it simply that if I want to upgrade or remortgage I'd need to pay the negative balance ?
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Please help!!
This is my first thread and I'm not sure this is the right place to put this but here goes anyway. We are in trouble with our mortgage, and have accumilated about £2,500 worth of arrears due to my husband being self employed, being diagnosed with a lung disease and not being eligable for any benefit help at all. I work…
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Annual Morgage Statement - Abbey
Hi :D Any Abbey mortage customers received their annual statement yet? Looking at past statements these are dated December/January but I'm anxious to find out my balance. Thanks
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Chelsea BS - "Cashback" deal - ADVICE please
Hello! I have a 45K fixed rate (6%) cashback INTEREST ONLY deal with Chelsea BS started in Jan 2002, I am now looking to remortgage again - 5year lock in I believe?. Q: Does anyone know thier redemption fees? I have noticed that the home contents and building insurance premium jumping up each year - I am now paying £285…
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Maternity & Mortgage
My wife and I are looking to buy a house soon, as we are having a baby in April and want to relocate. We are starting looking now, but are wary of buying too soon. One thing that worries me is whether or not my wife being on maternity leave from the end of March would affect our mortgage application, as we will obviously…
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Mortgage - Re-Finance - Equity Loan? Help!!
I'm wondering if you guys can give me advice/suggestions. Back story: My father passed away a few years ago and left me any my little brother $500k ($250k each). He was still under age and the whole sum was left to me under the assumption I'd manage it for him. Anyways, last year I built a new house for me and my family…
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Endowments now sold
I have recently sold my 2 Norwich Union endowment policies. I would like to know if anyone could advise if I am still able to complain regards being missold these endowment policies?
