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Mortgage Statement
Can anyone help me understand my mortgage statement. Im paying a fixed rate 5% capital & interest repayment mortgage but on the statement I have received the interest paid amount fluctuates although my monthly payment stays the same each month. Can anyone help explain this please?
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Please Please Help.......
I am at my wits end , I have entered into an agreement to buy a house with Wimpey , they have got someone to buy my house at a low price and they are making the difference up , i just cant seem to get the finance on the new house even though i am putting 15 % down im hitting a brick wall because of mortgage arrears in the…
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Fixed rate (4.99%) v Tracker (BOE + 0.74) dilemma
Brainiacs, Someone I know is faced with this dilemma. He's been offered a 4.99% fixed rate deal with only a £499 fee but is also aware of a BOE + 0.74% lifetime tracker deal with no fees attached. The fixed has options of 2/3/5yrs. Big Q is this - with the US Fed Reserve slashing rates, the likelihood that it would be a…
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Any Advantages Using London & Country Over Going Direct to Bank Myself?
Hi, My current mortgage deal is coming to an end very soon (1st April). After a little research on this site I decided to contact London and Country mortgage brokers to see if they could find a suitable mortgage for me. L & C have contacted me today to inform me that that a suitable mortgage has been identified. The L & C…
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NPI endowment should I cash it in
I have an NPI mortgage endowment policy that has 18 months to maturity. This has not paid any bonus for about 4 years is it worth hanging on until maturity as it is already showing a 15% deficit in its projected value?:confused:
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Remortgage after Northern Rock
Our two year fixed rate comes to an end on the 1st May with Northern Rock and like others on this forum, NR made it clear that they are not competitive and suggest talking to a financial advisor which we have done. We are looking for a self cert mortgage as we have a business and after speaking to our F.Advisor today, it…
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help needed!!
just a quick question so i hope i've posted it in the right place. if not then please feel free to move it. my mum brought her council house out right about 5 years ago and is now offering to help me and my family to buy our council house. thing is she is not working due to ill health, i have a ccj and my partner has only…
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Mortgage in principal / new job
Hi! Ok, I know this has probably been asked before but ive looked through pages and pages on the search and can't find an answer so please don't bite me! I'm a FTB, have a mortgage in principal but not found the right house yet. If I were to get a new job will I have to wait 3 months before we will be allowed the mortgage?…
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Should I cash in my endowment?
Hi, I'm wondering if someone on here can advise me about whether I should cash in my Standard Life Endowment policy? I took it out in 1992, for £22760, I pay 28.22 per month for it, it matures in 2017 and it is no longer attached to a mortgage. I know that in general you are better off keeping them for the final bonuses…
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Losing CAT Standard??
hi everyone, hsbc (currenty mortgage prov) have approached me to give me a 'better deal' on my mortgage. im currently on their svr of 6.25% they are suggesting I swap to the tracker at 0.74% above base rate, so today would be 5.99% the current mortgage is subject to 'CAT' standard and has a guarantee for the life of the…
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Credit Checks
How many credit score checks can you do in a month? I'm slightly worried because recently I've applied for three cards and a zero percentage overdraft facility with A&L. Have I used up my quota? Good grief, I hope not as my mortgage application is going through next week! Please help! and thanks...
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News from my chat with First Direct
Just thought I'd pass this on. The 0113 2766166 number that someone posted on another thread gets round the 10 day callback issue. You get straight through to someone who will process your case. Good stuff Less than good from my point of view is that they will not do Consent to Let. This is if I go up north (for example)…
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We've fixed for 10 years - Phew
Well we finally made up our minds and decided to stay with the Nationwide (our fixed rate ends in May) and have opted for the 10yr fix at 5.68%. We have 11 years left on the mortgage so it feels good to know that our monthly payment won't change now until the mortgage is almost over (and we have endowments due to mature in…
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Confused Potential First Time Buyer
Hi all, I wanted to get people's thoughts on what's going on in the market at the mo. I'm currently renting but want to look to buy a property some time this calendar year. With all that's going on though I'm getting confused as to whether now is a good time to buy or whether it would be better to wait for the potential…
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Future Options (Current HSBC mortgage)
Hi - i have had a quick look back the past couple of pages and not found anything that really answers this, but if im wrong please point me in the right direction! Just over 2 years ago i took out a mortgage with HSBC, who gave me 'graduate' privaliges - which amoung other things enabled myself and my friend to take out a…
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Mortage fixed term query
Our vurrent mortgage discounted term is coming to an end on 4th April, should the bank we have mortgage with have sent us details by now of what it will be increasing to? I know it will be going up by 1.5% as this was the discount we had and will be reverting to the SVR. We are in process of trying to remortgage to pay off…
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Remortgage, consolidation,
Hi all , My fixed rate mortgage end in June and we have spoken to a mortgage company regarding the change of our mortgage.Unfortunately over the past 4 yrs i had to give up work as i have 2 young daughters so only work on a casual basis at the moment and we have had to use credit cards to manage. We are considering…
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Passing on of interest rate savings on tracker mortgages
Dear all, Have a tracker mortgage with IF and i have just been going through my mortgage payment history of last couple of years and have noticed that every time the Bank Of Eng base rate went up my mortgage went up from the 1st of the next month as i expected it would. But on the last 2 occasions the base rate went down…
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Endowment Bonuses?
I'm 19 years into a 25 year with profits endowment policy and looking to assess the risks attached and the value at maturity including bonuses. However I am a little confused how the bonuses work, in particular when I rang the company they said that the investment had grown 5% in the last year. However looking at my…
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Credit Crunch Hits Commercial Lending
Commercial First Mortgages, a specialist conforming and non-conforming commercial lender has just announced that it is ceasing all new lending with immediate effect. It is looking for alternative funding for it's commercial lending however is unable to accept any new business until further notice following not being able…
