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Tracker or SVR?
What is the benefit between the two? my current deal expires end of Sept ( I know left it late) and I can revert so SVR of 6.4% or go Tracker at a rate of 2.29% above base rate currently 7.29% Why is the tracker so much higher then svr? and what benefits are there over each other? The tracker has no fees what so ever. not…
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For those delaying remortgaging for lower rates.....
You may want to read this, and decide whether now is as good as it will get.... http://forums.moneysavingexpert.com/showthread.html?t=1157281
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Porting mortgage to lesser value house
Hi Can anyone tell me if this is possible: If have a mortgage of say £125k. Sell my house for £125k. Purchase a house for say £110k and port my mortgage of £125k to that house, using the difference of £125k and £110k to do the property up which would then make it worth £150-£170k. Many thanks
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How do I work out which mortgage is cheaper!
I want to compare two fixed rate mortgages, for their fixed periods only - how do I work out which is cheaper?! The choices are 4.89% with reservation fee of 2.5% of the loan amount (I think this would be about £2k). The other is 5.78% with no fee. Argh, I really should have paid more attention in maths classes :o
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A question about mortgage APRs
I'm looking at fixed rate mortgages and am a bit confused about APRs and why a low interest rate can have a higher APR than a high interest rate. I know that APRs take reservation fees into account, but this doesn't always seem enough to explain the difference. Are APRs for the whole of the mortgage term, ie. taking into…
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surrender of not to surrender!
Hi we have a small endowment policy with legal and general due to mature in december of this year. They have sent me a surrender value which I requested but it is for the maturity date. When I was told on the phone a value for early surrender this was abour £450.00 less.Not too much. I am more concerned that if the final…
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I know nothing about mortgages so help would be appreciated.
Hi all, im new to the house buying game so my knowledge of how it works is limited. I would like to buy my own place but im not in a position to buy outright on my own. I already have a personal loan which i pay £380 a month on so what i can borrow will be small. As a result im looking at a part rent/part buy new build…
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fixing for 10yrs at 6.00% - good or bad idea
what do u think of fixing for 10yrs, at a rate of around 6.00% it saves the fees every 2 or 3 years - and will get u into a better LTV but what will rates do....in 2 or 3 years.... its such a nightmare!!
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Trying to downsize but Nationwide won't lend us less money!
I am after some advice if anyone could please help.... We are currently in a fixed term with Nationwide of around 5% but as you can see from signature, recently entered a Debt Management Plan as we were struggling to meet monthly bills and living on credit. We decided that downsizing could be one way of getting back on…
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mortgage question
Hi folks, I am looking to buy a new build property. I know I can't afford it on my own, but my partner lives with me and pays 50% of bills and mortgage so with his money we would be able to afford it. I can't add him to a mortgage as he had an IVA about a year ago which he paid off in full a few months ago as he came into…
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Looking for new mortgage
Hi Come Feb 2009 my current mortgage with cheltenham and gloucester is due to end, I need about £132k and trying to find the best deal, part of me wants to fix it for 4 years the other part likes to hope in 2 years the rates will drop back to 5.2% which is what I have at the moment, but who knows I have to do what I think…
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Lehman bank likely to be liquidated tomorrow Monday
My mortgage (two-year fixed term at 5.14 per cent, one year left to run) is with SPML, a subsidiary of Lehman. I feel very sorry for Lehman employees who are part-paid with share options (now worth almost nothing) but is there anything that I should be doing to protect my position?
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Getting 50k Easily..?
Hi, Basically i need to get 50,000pounds. I do not own a home in UK, i own a house in Cyprus which is mortgaged. I am still down as living with my parents in the UK. My dad has his house mortaged and could get a remortgage to get the money. Is it possible for him to get the remortgage and the mortgage company to accept…
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My Excel mortgage spreadsheet
Hi All Over the past couple of weeks Ive given a few people on here some figures to compare mortgages with including the capital left after certain timeframes and the savings of offsetting certain sums. This was done using a heavily modified version of the Microsoft Amortization Schedule spreadsheet that Ive re-written to…
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Bad Credit Mortgage
Apologies in advance, if this type of post as been up before, but my pc is that slow it would take ages to look through them all.. Anyway my problem is this, I have been refused credit for a number of things in the past due to my bad credit history, but now realise I need to get a mortgage as we are starting a family. The…
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Offset mortgage
I have over £70k in offset to my mortgage. If the Abbey crashed how safe would the money over £70k be?
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Help on what to do with Brittanic endowment
Hi, I currently have a low cost endowment which is now only for savings as I have transferred to a repayment mortgage. I could do with some advice on what to do with it 1. Keep it and let it run it's course. 2. Cash it in and stick the cash in a high interest account and continue to save the monthly amount. 3. pay it into…
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What will it cost - What have I forgot?
Thank you for looking and helping! I'm considering investing in a property having realised a windfall... If I want to buy a flat/house for around 80k what charges do you anticipate I'll incur? I understand I'll be looking at guestimates of course but any rough guide would be useful thanks.* What sort of Solicitor Fees…
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Some basic knowlege needed
Hi all Im new to the site so bare with me. Ive got a joint motgage with my brother on a 3yr deal interest only which finishes in the next month or so. The mortgage is with c&g. We put down the basic deposit. What happens now? We need a new deal but if we stay with c&g do we have to be credit checked all over again etc.…
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Should we switch to an offset mortgage?
We owe £33k on the mortgage for the flat we currently live in. We have £75k in savings (approx £20k in cash ISAs and £55k in high interest savings accounts in my name as I am a lower rate taxpayer). We don't want to pay off our mortgage as we are planning to buy a house in the next few years when the state of the market is…
