-
My wishlist (may be turned into a discussion)
These are my thoughts and ramblings. No need to rip them apart like a rabid dog. Just want to air some thoughts i have. Please discuss with me if you so wish. I have been around a while on this board and enjoy the challenges and enjoy to be able to help people. One gets knocked down sometimes but it is all part of the…
-
Want to build extension, not enough equity
Hi, I bought my house 3 years ago and I think i've got about £15k equity in the property. I'd like to borrow some money build an extension to my house, I estimate it will cost in the region of £35,000 to complete. I've got about £8,000 in savings but I'm going to use that money to modernise my central heating, and get my…
-
Mortgage - what would you do ?
Hi all, firstly, thanks to all you knowledgeable people for providing great advice on this forum. I hope you can help with my situation..... I need a mortgage for a flat, £80k to £90k, and I'm trying to avoid going down the Northern Rock high LTV ( and hence extortionate interest rate ) route. This is my position:- Salary…
-
Advice Needed
I wonder if anyone can help. There is a new development accross the road from me and I would really like to buy one. The house I have seen is a 3 bed and worth £154,950 I currently own a 2 bed house worth about £80,000 to £83,000. My current mortgage is about £68,000. Since getting my mortgage my partner has moved in and…
-
Unable to download the Re-Mortgage Guide
Hi I am unable to download the Re-Mortgage Guide from this website, can any else download it? Or can you tell me where to find another link? Thanks
-
50% Shared Buying
Hi all, Me and my Girlfriend have been looking at buying a house and after going down many Avenues, especially with my bad credit Situation, we have decided that my Girlfriend is going to try and get the Mortgage on her own. This means including her 20K Deposit, we have in total 90K for a house which for a 2 bed nice…
-
Offset v Overpay again
I've got a mortgage of about 70K. Savings of 16K which I'll be offsetting next month. Am I right in saying that technically, whilst my monthly payment stays the same, my mortgage is effectively 54K? If I subsequently add £500 p.m. to the offset savings a/c it's the same in terms of paying the mortgage off earlier as…
-
re mortgage???
i have a £58000 mortgage over 20 yrs.paying 7.14 at the moment as our fixed rate has just finnished.can anyone advise which fixed rate is the best for us.can afford around £400 a month.2 yrs or 5???? also dont want a large fee???
-
Remortgage Due & Bad Credit History
Hi I need some advice if anyone can help. Im coming to the end of my 3year fixed rate deal with my current lender and was wondering because I have such a bad credit rating is it worth switching lenders or staying with my current lender. I have a mortage of £116000 and currently pay £645 a month with my dad as my guartentor…
-
Halifax "fee free" mortgages - available to Birmingham Midshires customers?
Hi My Birmingham Midshires mortgage fixed rate period is coming to an end soon and I have been looking at moving to a Halifax mortgage. All of the Fixed/Tracker Halifax mortgages have product/arrangement fees of several hundred pounds. However the halifax website mentions that existing "halifax" mortgage customers can…
-
Mortgage switch plus some repayment?
How Do! Well, unfortunately for us, our mortgage expires around April this year (we're on a discount - paying around 5.5%) and we're looking to get another. However, clearly the credit crunch and slowing economy (or at least the perception of a slowing econ) seems to be having something of an adverse effect on the…
-
IF Rate
Will IF reduce there Mortgage rate from 7.25%? The BOE reduced rates by 0.25% a month ago, but they have not yet reduced there rates.....
-
port a mortgage
hi hope you can put me on the right track.I have a mortgage with mortgages plc for £211000. ive seen a house i would like to buy for the same price.My question is with my current property on the market for £250000,would i be able to port the exsiting mortgage over to the new property with limited fuss ie without having to…
-
How to calculate daily mortgage interest?
Hi everyone, I have done a search but cannot find any info on this - I regularly make overpayments on my mortgage and have online banking which lets me know how much is outstanding on my mortgage on that particular date it just lets me see the total. My question is, is there a spreadsheet/way of calculating the effect of…
-
should i sell my endowment? Please HELP
:confused: I apologise in advance, this is a bit long winded because i have tried to put in all the information, in the hope someone can help me. I have a full endowment plan (not traditional low cost), which is not linked to a mortgage any more. it was with the refuge-who are now royal london. I took it out in 1987 over…
-
Re-mortgaging with arrears
We bought our first home 18 months ago and the last 6 months we have accrued arrears due to DH's redundancy. Our current deal (4.59% fixed) ends in the summer. Judging by our current finances we wont be able to pay off all / much of the arrears before then (we're planning to sell all our old clothes and clutter but its not…
-
Mortgage advisers - BTL
Hi all I had a call from B&B mortgage adviser this morning. She said that she was a fully qualified mortgage adviser etc.. I told her that I was on a life of mortgage tracker at BR+ 0.89% i.e., 6.39%. She quickly told me how much I was paying (interest only). From her range of available deals she soon narrowed it down to…
-
Mortgage/Budget Advice
Firstly My SOA as follows Monthly Incomings: My salary - £1,366.41 Monthly Outgoings: House/Bills/Payments SO. Egg Credit Card - £400 top up credit for spending (currently £414.81cr) SO. Mortgage (40yr term) - £95112.86 (Halifax @ 4.39% 2 yr fixed till August 2008 then SVR) - £427.86 DD. Council Tax - £80.00 (inc 25%…
-
Remortgage advice needed - offset, save or reduce mortgage amount?
Hi there, I hope you can offer some advice! Our situation - Current Mortgage C&G 4.25% fixed, ends May 2008. Current mortgage is £225,000 (repayment), value of home £450,000. We have inherited capital of £65,000 which I transfered to a high interest savings account yesterday. We would like to keep £20,000 as savings "just…
-
Taking on the Mortgage Company
Hi I was looking into PPI reclaiming last year. I remembered a little while ago i wanted to make a claim for a secured loan PPI I thought we had. Being new and not to sure how to go about claiming I contacted my loan company(who also happen to be my Mortgage Company) and asked them how to make a claim. They actually told…
