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Reducing capital while constantly remortgaging
I have read much about the merits of remortgaging on a regular basis after fixed periods at lower interest rates and I can see how the benefits are reflected in the monthly repayments. But how does this affect the capital that is owing on the mortgage as I hear that very little that is repaid in say the first year,…
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kensington mortgage
just looking at my options if my mortgage application is declined by beacon. how easy is it to swap over to intrest only payments and will the lender allow you to do it if you have arrears on the account? its something ive never thought of before but think if i cant get a remortgage with someone else then it would be worth…
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Norwich Union
I have a with profits endowment policy from norwich union which i took out ten yrs ago. since then i have sold my property but kept the policy running in the view that it would be a way of saving. norwich union have now anounced a reattribution which i thought maybe a good idea to accept, recent news has changed my mind.…
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BTL remortgage
I have about 6-months left before I need to remortgage a BTL. My current rate is 5.63% variable then moving to SVR currently 7% Valuation £500k, outstanding mortgage £390k and rent £2430 pcm. I was wondering what is currently available and fees. Self employed, Clean credit history
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How long would you fix for?
I have seen a few rates which are just below 6%, and are for 5 or 10 years. I worry that if I fix for 5 years then rates will be higher then and I won't get a good deal when remortgaging. However they could fall again in 10 years... I do want a fixed rate and not a tracker. I want to know that we can afford our mortgage…
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assosciated person on single mortgage application
i have applied for a mortgage, although with shared ownership they don't do agreement in principle, so i have had to apply outright for the mortgage without being given any confirmation as to whether it will go through or not. I have had to pay a mortgage setup fee of £995, plus the valuation fee of £325. i was told that…
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Re-mortgage with Abbey credit check question
Hi absolutly hate dealing with money stuff so wanted a bit of advice before i deal with the dreaded end of the fixed 2 year deal brief detail house bought for 225,000 2 years ago mortgage of 130,000 been offered a boe tracker of 1.09 which is great no credit checks needed BUT husband wants us to borrow another 5,000 so we…
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My endowment - be honest, am I totally stuffed?
Hi all, I am writing to you in the depths of despair. My statement arrived yesterday showing that I will have a shortfall of nearly £30,000 when my mortgage is up in 4 years. My husband and I were sold the endowment in 1987 so before the aug. 88 cut off by a company that is no longer trading - Rainbow Countrywide. We were…
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Advice needed.
Hi all, Hope someone can help me? Short version of my problem....Split from husband few years ago, I have been paying the mortgage since, I did notify the company of this as I did miss a payment. They put the arrears to be paid at the end of the term, which is fine. Now this is my problem, I had an endowment when we set up…
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Redemption admin charge
Hi, I'm coming to the end of my 2yr fix with A&L (4.89%) on 31/8 and for various reasons switching to an offset with One Account. I'm just checking if there are any charges I am liable for and checked the key facts of my A&L mortgage: "Early repayment charges 3.00% during the period starting on the day of funds release and…
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Can we obtain new mortgage with one arrears payment on credit file? NR Mortgage
Hi All, I currently have a 100% Fixed Term Mortgage with Northern Rock which ends in Feb 09. I also unfortunately have one arrears payment for the mortgage in the last 12 months which has now been paid off but which of course still shows on my credit file under (checkmyfile etc). My current credit score is 550 with…
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Buying Abroad - Euro V's UK Mortgage???
Hi, MY husband and I are in the process of buying a property aborad, partly for the investment but mostly for the increase in lifestyle etc. We are interested in info regarding the big question... In todays climate is it best to opt for a euro mortgage or add the value to our uk mortgage??? We both get paid in £, and have…
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Make overpayment with penalty, or wait until deal ends and whack it of then?
Hi, I'm after some help working out the best way to use some money we've now got. We intend to use it to reduce our outgoings by paying it off the mortgage. As we see it we can either pay it off the mortgage now (with penalty) or put it in a savings account, use it to pay the mortgage payments each month and then, when our…
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Help!!!
I have currently split up with mu husband he has left the property and is not paying anything towards the mortgage or other bills. My house has been up for sale for 12 months and we had an offer but they pulled out today as they cannot sell their house. I cannot afford the mortgage on my own and my ex-s parents are…
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Attention All Brokers!
I need advice from experienced brokers, Im seriously considering taking my Cemap exams/training as I have been developing for 2 years now and have found the mortgage sides of things quite appealing. What I really need to know is...In our current market is there work out there? Obviously i understand that at the moment…
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Northern Rock End of Fixed Rate
Any help would be greatly appreciated. Our Fixed Rate of 5.99% is due to come to and end in November, and we have been told it will increase to 7.75%. Our credit is very poor at the moment, and we have debts coming out of our ears, but with 2 very young children and the market at the moment, selling up just isnt an option.…
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Buying partner out: Will there be a problem with mortgage?
The other half wants out. We are not married and she has pulled a figure of £50k from the air. I don't think I'll argue with this too much, but I have a question...or two. ;) Our house is worth around £170k/£180k (who knows these days?) and we have a £56k mortgage. In fact we have just remortgaged and got a 10 year fixed…
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Mortgage brokers a question
I wanted to know how everyone else is coping, my network went bust last Friday and we are being farmed out to MBSL, I am looking at other networks. My website is generating about 20 -25 enquiries a month of which none of them can be converted to business, either they dont have the income or equity, credit history is not A1…
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Mortgage Offer in Principle?
Hello My partner has been offered a mortgage in principle. Does this mean the building society will now have credit checked him prior to this offer, or, do they give you the offer subject to credit checks? I'm confused! His credit should be ok, I think I am just paranoid and worrying needlessly, just want to know if we are…
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I have no idea....
I live in a univeristy halls of resistence with my partner and my two year old son. I am studying full time. My contract finishes with the uni accommodation at the end of August 2009. By then I hope to have saved up about £15,000 of my student loan. I am looking at continued studying into a masters. The masters will then…
