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Pay off 10% of my mortgage or not?
If anyone has advice or has done this please reply. I currently have a mortgage of £243,500. took out last July for 25 years on repayment. I have a bonus that would be able to pay 10% off of this amount. Halifax will allow 10% payment per year without any fees chargeable. Does anyone know how much this would save me in the…
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Mortgage Payment Holiday
Hi, My husband and I have a 10 year fixed rate mortage with Scarborugh BS. We are currently carrying out a large extension which has gone a little over budget. However we both do not want to increase the mortgage. We can take payment holidays up to 6 months which would probably be enough to complete the extension. When the…
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The Great "2 year " Fixed-Rate Swindle?!? Help Needed
Hi, first post, but been reading for a while. I applied for a fixed rate in march 2006, the mortgage states that it is 1 large payment followed by 23 payments at a fixed rate. Then change to SVR. I also says this is reliant on taking it out by 27th March 2006. However We only moved into our house in May (due to delays) and…
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3 year term up in june but want to remortage and borrow exta for a extension
Hi this is my first time posting so bare with me! Our mortgage is up on the 1/6/08 and we want to go interest only for a few years and borrow extra for an extension. Is there a way of changing now without the early closing fees? We will probably change companies so is it easy enough to borrow that extra, we have good…
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Mortage Charges for Arrears
Hi everyone, I was wondering if someone could help me! We missed our mortgage payment this month by 7 days and have been charged £50 by Accord (the mortgage company we use). Is there anyway to reclaim this amount? They even said to my partner that we could spread it over the mortgage term, I said "you'll make money out of…
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List of mortgage lenders for the various credit agencies please
Hi all, Some time last year I remember an article / post on the site that listed most of the various bank / building societies and which credit reference agency they used (experian etc) Does anyone have the link back to that article? I've spent a good half hour searching but no no avail :( Thanks in advance Best wishes to…
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Please Help Owe £27,500 Fixed Rate Up And £65,000 Fixed Rate Up In Oct 2008
Hi all I have a fixxed rate of £27,500 at 4.99 the rate is now up( this was addittional lending on top of my mortgage ) my mortage of £68,000 @ 4.39 is up in Oct 08 I pay a combined total of £612.00 ( both ) ionly earn £1050 after tax per month total out goings £710 p/month im worried the £27,000 im looking for a new deal…
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Re-Mortgage before move abroad
:cool: Advice please - Mortgage due for renewal. On interest only 2 year fixed at moment. Goal to move abroad approx 5 years time. Should stay on interest only or switch back to repayment ? Also want to consolidate existing loan at review time if equity and broker agree. Im thinking interest only as we plan on selling…
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Mortgage problems
I have been with NR for roughly 7 years (just a bit over), I have never missed a payment in that time. I have had a history of bad credit in the past, rectified until recently when the high street bank I am with made an error on my loan. This came up as a problem. The bank has since sorted out my account and admitted it…
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How does my secured loan affect the mortgage?
Have a house worth £255k and a mortgage of £192k. I am looking to remortage soon and have a clean credit history and only a couple of thousand on a card. We both work full time with a combined salary of just over £70k, so getting a mortgage is no problem. Our secure loan with barclays is for 60k and my question is how do…
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Enowment payout and early redemption charges
Fixed rate mortgage matures dec.08; first endowment(40%) pays out june 08. We have to pay early redemption penalty on this according to our lender. We were aware of early redemption penalties but were never told this applied to endowment payout. Any way round this?
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Enowment payout and early redemption charges
Fixed rate mortgage ends Dec.08, first endowment pays out june 08... and we have to pay early redemption penalty. Any ways to avoid this... although we were aware of early redemption charges we were never advised that this would be instigated in the case of endowment payout.
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Repossession - voluntary handover of keys
IT'S A LONG ONE BEAR WITH ME!! :rolleyes: Does anyone have any experience of handing their keys over to mortgage company voluntarily? I have been unable to carry on paying mortgage due to spiralling rates and second charge on property. Have moved into rented (have just entered IVA but did this before it was finalised) and…
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mortgage exit fee
Hi, I am a little confused. I took out a mortgage with C&G two years ago and now I am in the process of paying it off. C&G say I will have to pay a mortgage exit fee of £100. I have looked on the table on this site regarding reclaiming MEAF and it say the fee in JAN 07 was £225 and now it has been reduced to £0 (thee isn't…
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Applying for a mortgage - what info do we give?
We have a financial advisor coming tomorow night to discuss 'if' there is any chance of us getting a mortgage and if we do how much could we get. What info does he need or does the mortgage lenders need. Do they look at bank statements/pay slips? How do I prove other income that isnt on paper etc?
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Endowment maturity
Question for those in the know, got a endowment yes 25 years already It flew in. Well is there any rules etc re the insurance company not paying you out on due date, even with all payments made and all paperwork in place, it was due in my bank 1st jan 08 and to date still not. Been on phone etc to them and say its getting…
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Equity?
Hi, I have owned my home since 2004 and took out a mortgage of 67.000 and put 5.000 deposit down for the £72.000 the house cost. We had it valued by a local estate agent over a year ago and they said it was worth around 100k and a house identical in our street but with a smaller garden sold for 109k about 8 months ago.…
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Downsize from 600K to 300K, how do I do it?
I own my home with no mortgage, its valued at 600k+ I want to downsize to a lovely house costing 300k I have no savings. I have a salary of 35k in a secure job.. I am nearly 60 years old. I am single, the children have moved away. I have not yet sold my big house so have no money to buy the lovely little house. How do I…
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Need to remortgage but got defaults on credit file!
Hi, just wondering if anyone can give me any advice regarding remortgaging with bad credit ratings. We only have a 40K mortgage at the mo and our house is valued at 300K. we want to borrow another 10K for home improvements but rung our mortgage supplier up (RBS) whom we have been with for about 20 years and they turned us…
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Desperate for remortgage advice please
Hello, we need to remortgage now as our current mortgage deal has expired. Our current mortgage deal - One Account, interest only £192,500 for 25 years, SVR We would like to remortgage to approx £206k to release some equity to do some renovations and to pay off some debts. Our flat has been valued at £265k+ by 2 real…
