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£1700 early redemption charge for paying off mortgage 6 days early
Our 2 year fix was due to end on 30th April. Husband wrote to Bristol & West and asked how he went about settling the outstanding mortgage (capital +£195 fee). He clearly said he wanted to pay this at 1st May after the fix ended (as there was an early redemption fee in the paperwork if settled before 30th April). He had…
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Welcome Finance- HELP
Hi everyone, I'm new to this site so I hope I'm posting this in the right part. Anyway, here goes. I need help and advice, if possible, a few years ago I had a secured loan with welcome finance and cleared it when I remortaged. Since then I have put more on my credit card and a few more unsecured bits and pieces and have…
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Long term mortgage fixing
Has anyone any thoughts about mortgage fixing for 10 years?
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3yr Fixed Term due to end on shared ownership house...advice needed
Hi, I purchased a shared ownership home in early 2006, 50% rent, 50% mortage with a 3 yr fixed term. I am now open to either continue this arrangement or buy the other half of the house. My 3 yr fixed term mortage on 50% of the property ends in March 2009. Under current conditions, how advisable would it be to purchase the…
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adverse credit mortgages
bit of background first: applied for qotes back in march and got back 3 mortgage in pricipal offers, so thought no more until we had actually sold out house, house was originally on for 199 950(march 3rd on market) cut a long story short no interest gradually dropping price and went right down to 159 950 middle of july at…
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Pay off mortgage in full?
About 8 years ago I received a redundancy payment and was lucky enough to be able to pay off my mortgage. Recently I was told this was not a good thing to do and that I should have kept a small mortgage. Reasoning was, that if I had to go into residential care at some stage, the government could take my house towards…
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Credit History and Applying for Remortgage
Hi, I am due to apply for a remortgage at the end of the year. I just realised on friday that I went £2 over my overdraft limit, although i transferred money in from the savings the same day I have been told I will be charged for going over. My main concern is will this affect my credit history for applying for a…
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mortgage valuation question
Hi all, my fixed rate ends soon and i'm looking to move to a new deal at another company as i'm currently with northern rock. However I want to do things slightly differently. I think it is normal to go to a mortgage company with an idea of how much money you want, they then do a valuation and that makes your ltv. However…
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Transfer of property ownership
Hi, i am looking to buy my second property and wondered if it was possible to transfer the ownership of my current property (which has an existing mortgage) to my parents as they wish to keep it as an investment. They would then hopefully be able to release the equity so that i could use that towards my deposit for house…
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Single Supplements on Holidays
I am hoping to go abroad on my own this year and was wondering if anyone has any tips on how to avoid or reduce the single supplements you get hit with when trying to book a holiday.
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moving house - larger mortgage required
Hi folks - I'm new to this site and would appreciate opinions on the following situation. We currently have a mortgage and have about 20% equity in the house. We need to move to a larger house and are planning to double our mortgage. This will mean that we will have a 10% deposit on the value of the new property. It has…
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Holiday lodge finance
We are trying to raise £100k to finance our first holiday home. We are looking to rent out the lodge for most of the year, but we will have some private use out of it. We own our own property, value £350k appx and we have a repayment mortgage of about £50k. We also have 3 endowments that are due to mature in 2018 at an…
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Shocked and amazed at Halifax
I need to borrow a small amount of money, around £2000, for a new roof, the best option seemed to be a secured loan with my mortgage, I can do a tracker which only ties me in until August 09, I'm already tied in with mortgage to October 09 so thats fine, I don't have the most perfect credit so this seems the best way, I…
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Who has my deeds to house?
Received a letter from nationwide about my mortgage & in one of the paragraphs it says '' we no longer hold paper copies of your deeds''. Where are they then:confused:
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Leasehold - Potential Problem ?
Am in the process of sorting my mortgage out, conveyancing is going on at the minute (see my other thread) - have had to send the solicitor dealing with this some extra info as the Land Registry documentation was ambiguous in it's description of the lease. However, when sending it off, I noticed that my lease has 54 years,…
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Re Mortgage and Second Charges
Hi Everyone We have finally got round to remortgaging our home and were 1 click away from completing our application with HSBC for thier fee free life tracker currently 5.99%. However, we have a second charge on the property. DH is in the forces and took out an LSAP loan of £5000 (interest free) to help us with the initial…
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fixed rates falling ????
hi i read that HSBC has reduced its fixed rates again from tommorrow.... does anyone think the other banks are likely to reduce fixed rates again ??? we got offered 6.65% for 5yr fixed from halifax on friday but we have got till end oct which is when our current fixed rate ends....is it worth waiting a week or 2 to see if…
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concerns regarding credit checking when applying for a mortgage
i'm getting a little stressed about my mortgage application that i will be going through with my FA on tuesday. i am looking at buying a 25% share of a £186,000 house, through the shared ownership (new-build homebuy scheme). the numbers add up and this shouldn't be an issue when determining whether to lend the money. i am…
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Is this a good idea?
I need to know if this is a good idea or not. At the moment our mortgage is £45000 and we're paying £335.10 a month at 5.59% We also have a loan of £20000 paying £229.46 at 6.9% (18m old) As I will be starting college in Sept full time and we will be losing my pt wage, we will find it hard. I was thinkinig would it be a…
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Any thoughts on my endowment
Hi Everyone I respect a lot of the excellent advice given on this forum re endowments. Could you guys possibly have a look at my 2 endowments and give me your opinions with regard to them maturing in a couple of years time. I need a total of £38,500 to clear my mortgage in May 2010. Thanks in advance Figures are at 30th…
