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Pay it Off
Hi I have the oppurtunity soon, to be able to pay off my (endownment) mortgage in full, but this will still leave 4 years to run on the endownments. The Endownments are with the Prudential. Shall I keep with the endownment & cash in when it's run it's term, or, would it be wiser to cash in the endownments when I pay off…
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Mortgage payment holiday - too good to be true?
We're planning to take a 3-month payment holiday on my Nationwide mortgage (offered as a standard option in our flexible mortgage deal) as we've just had to get the builder in for an unexpected and expensive problem. I've just been to see a mortgage adviser at Nationwide, because I wanted to know how much it's going to…
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Noving house, further borrowing while on discount deal
I am looking to remortgage as my 2yr discont an dlockin are due to expire. The best rate/fees deal I can find is on a 4 year deal but I may will move during that time and would then need a bigger mortgage. I am sure each lendr differs but I was wondering what generally happens in these circumstances when porting the…
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Standard Life Endowment, What would you do PLEASE
Mrs Leblank and myself have 2 joint policies with SL, taken out in 1988 and 1989. We do not need the life cover. Our mortgage is £36,000 with Halifax. What would you suggest please? Low Cost Plan @ £40.99 pcm Basic Value £16,066 Final Bonus £2,693 Surrender Value £18,759 Value at maturity 20/10/2009; @ 3.75% = £20,700; @…
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Relationship Breakdown... Help!
hello, not sure if this is the right place to post. basically my boyf and i bought a house in July. for various reasons our fixed rate ended in jan so we've jsut got a lovely brand new mortgage with Nationwide, tying us in for 2 years. wahoo. anyway, he's decided he wants to move out and i'm not the right one for him, blah…
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Mortgage payments calculator with monthly breakdown
Hi, Last week I found a calculator on the web which showed how much of each mortgage payment was interest and how much was paying off the mortgage amount. Can't find it anymore! Anyone know if where I may find one? Cheers, Julian.
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Consent to Mortgage
I am buying a new build property and am about to exchange contracts. My wife's name is not on the mortgage or the deeds to the house. Therefore, the lender is requiring that she signs a Consent to Mortgage on the deeds. I understand that this is standard practice to protect the lender's interests in the event of default.…
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Offset mortgage problems
Hi, I am looking round to get a better remortgage ( I own 55%-60% ) and was getting quite excited about moving to the one account. My problem is that I own an ex council house and since I made initial enquires they no longer seem to want to take them ( this was about 18 months ago ). Has anyone had a one account which was…
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Mortgages, don't know whether to trust broker..
Hi all i need advice.. I put in a offer for a house back in december and it was accepted. The mortgage broker got me a deal at 5.79% 3 fixed with £2000 fee which would be added to the mortgage. The mortgage brokers fee is £299. Also i'll be paying 15% deposit. I am self employed with no accounts as ive just started up, i…
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Help for a remortgage
Hi we came out of a trust deed nearly 2yrs ago with all debts satisfied.There is 1 that is still showing on our credit report not satisfied,this is getting rectified.. We have no debt on good salaries but finding it hard to remortgage unless going outwith the highstreet lenders.At the moment we are with the northern rocks…
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indemnity policies
I have just been advised that the people buying our house are wanting an indemnity policy as when we bought the house 2yrs ago it was less than market value. Their solicitor has written to our solicitor with the price and a break down of the price. What i would like to know is are we in our rights to say we will pay for…
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Help with Mortgage
Hi Peeps, At the moment we have a £123k morgage on a standard variable interest rate with HSBC at 6.5% and it has 22years to run (just finishing the 3 year homestart interest only) We have seen another house to buy probably about £155k and look to get £140k for our own house. So would need an Extra £15k on the mortgage.…
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How soon before end of fixed rate?
How soon before the end of a fixed rate deal can you arrange a remortgage with a new provider (to commence at the end of the fixed rate, not before)? I'm asking because our fixed rate ends at the end of July, and we are having a baby at the end of May, so obviously it would be nice to get it out of the way earlier rather…
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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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advise on 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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The mortgage Lender's own arrangement fee
I have a mortgage arranged with the Bank of Scotland. The Survey has been carried out and I have paid for it, and I know and understand that this is not refundable. I have until May to go ahead and request the funds. My question is : if I dont go ahead with this mortgage and the offer lapses, will I still have to pay the…
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One applicant or Two!
Hi, I am married and in a higher tax bracket. My wife is a stay at home mum. My question - When I do the affordabliity calculators as ONE applicant I get a higher amount that I can borrow, when I enter my wife as a second applicant, it dramatically reduces. Do I have to include a spouse as an automatic applicant when…
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Has anyone taken out a Mortgage with Northern Rock since August 07?
Ok, thought I'd post this hear so to get some on-the-ground info. Has anyone taken out a mortgage with Northern Rock (including moving their mortgage to Northern Rock from another Bank/Building Society) since August 2007? I would be very interested to know how much you borrowed, the multiple of your income this is (at the…
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repaying mortgage
Hi everyone Just after a bit of advice if I may I am trying to sell my house for money reasons and due to the housing market I am thinking of accepting an offer from one of these companys to buy your house quick, so that we can rent for a while. Now my question is, if we accepted a low offer and there was a defacit on the…
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Advice needed on paying back capital
I have seen so many useful information and I thought to post my thread in the hope to get some idea as we have not got a clue as to what to do. We have just came out of a two year fixed with no penalty if we pay back the capital. We are looking to take a new 2 or 3 year fixed next month in the hope that interest rates will…
