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Closing Mortgage Account Statement
Hello all I am currently remortgaging and have just received a closing statement from out current mortgage lender and I just don't get it! We took out a tracker, interst only mortgage 2 years ago. The fixed rate is coming to an end so I've decided to move it to a better deal. However, the closing statement shows that I…
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Savings or overpayments?
Hi all, I've been lurking on this site for a while but this is my first post and am looking for some advice. are In March my husband and I bought our first house for £155k on a 100% mortgage. Our mortgage deal is a 2 yr tracker with RBS and we our able to make 10% overpayments a year. We have just over £3k in savings and…
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Some more of ur excellent Advice Please LOCOBLADE
My 2 year fix with RBS is coming to an end on the 31st Nov. My outstanding balance at that time would be £148500. I could possibly get this down to £140000 by paying a lump sum. Last week estate egent from Blundells valued the property at around £175-£180 thousand. RBS have offered me a 5 Year Fixed deal at 5.45% with…
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company investment in a buy-to-let property
I have a buy-to-let studio flat that I bought two years ago - I put a £25k deposit and took a £75k interest only mortgage. This is due to end soon and I am not sure what to do now. I have my own limited company. If possible, I would like to invest some of the company's capital in to my buy-to-let flat. Is this possible /…
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Endowment value reducing - cash in??
Hi, I have a unit linked Scottish Widows endowment plan, not linked to a mortgage. It is a unit trust type endowment. We also have a First Direct offset mortgage, at 4.99%. If I cash in the endowment, I can put it into the FD offset and be certain of 4.99% (no tax payable). During the last 12 months, the value of the…
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Releasing funds from mortgage
If I want to raise funds for building an extension to my house (and also clear some debt) is it straight forward to do. I know my house is worth much more than it was when I bought it 2 years ago.
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Am I screwed???
Hi, Just a quick shout to ask opinion on the forum... Our fixed mortgage runs up next May so when I saw the email this afternoon I thought I'd do a bit of research about what rates are about. Our mortgage is about £205K and in the current market our house value is approx 210-230K (depending on which estate agent you look…
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Repossession - Handing Back The Keys
We are currently with Kensington Mortgage company for £109,000 (this is with 5 motnhs arrears). The original mortgage was for £103,844 and is interest only, when we took the mortgage out the int rate was 6% but we are now paying 11.20% at a cost of £1004. We have had a financial advisor contact them and they refuse to put…
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remorgage advise please
hi everyone i wonder whether anyone could advise us on credit scoring for remorgaging. iwe have had our morgage for 5 years under the rtb bought for 20000 we know owe 13000. i would like to remorgage for another 15000 to do some home improvements bringing my morgage to 28000. the problem is my husband is retired and has a…
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MSE newsletter - How to reserve a new mortgage deal now?
Can anyone advise me please? I've just received the regular MSE newsletter in my inbox and there is a bit saying if your mortgage deal ends within the next 6 months you could pay a small fee to reserve a good deal now. I can't see any information of where and how to do this. Does anyone know please? I have spoken to my…
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offset mortgage- for someone simple
help can someone explain to me what (if any) the differance is to saving extra per month in an offset savings account or paying extra off the mortage. on mortage calculators the term time reduces quicker if you pay extra off the mortage rather than add to savings. is this true and could someone please explain why this is.…
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whats the best fixed rate mortgage over 4-5 years with a LTV of 80%
whats the best deal at the moment guys on LTV of 80 % = fixed for 5 years = £98,000 ....over 29 years
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New Sub Prime Mortgage?
Hi All Wonder if anyone has any thoughts on the following We are keen to move home as we have simply outgrown our current house. We currently have a Mortgage with First National for £74K Our current house is Valued at approx £85K (this is priced to sell in the current market) however there is a £5K redemption penalty on…
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Chances of a mortgage
Hi All, I've seen a house I like going cheap (!) and I was wondering whether people think I'll have a problem getting a mortgage given the current climate. I earn xxk, my missus xxk and we're looking at borrowing £xxxk with a xxk deposit. A complicating factor is that we are both on other mortgages. I owe xxk with about…
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Help! What do I do? Partner and I are splitting
Me and partner have a mortgage together, on a apartment that we are most likley in negatvie equity on because we borrowed 100% of the value before prices came down a bit. We are now splititng up? what options do we have? he is suggesting that he just walks and I can the place on which will be a massive struggle - at the…
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HSBC Tracker Mortgage Advice
Hello Ive recently just purchased a property and am currently going through the process of securing my mortgage (HSBC tracker mortgage) However, during the mortgage process the survey came back lower than our bid price (I live in Scotland) so we ended up making a new bid at the lower price which got accepted. As our…
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Lump Sum or Offset Mortgage ???
My wife and I recently cashed in a number of endowment policies that we had running for a number of years and we have invested the money in Cash ISAs and savings accounts. We are currently on a fixed mortgage (5.75%) that is due to finish in September 2009. I know it’s early to be looking but I would appreciate people’s…
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Lump Sum or Offset Mortgage ???
My wife and I recently cashed in a number of endowment policies that we had running for a number of years and we have invested the money in Cash ISAs and savings accounts. We are currently on a fixed mortgage (5.75%) that is due to finish in September 2009. I know it’s early to be looking but I would appreciate people’s…
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Changing Bank Account
Hi, I was hoping for some help I have just been reading the very interesting info on Best Bank Accounts on this site and would like to take Martin's advice and switch to a better account but my mortgage is up for renewal by year-end. Do you know whether switching bank accounts can have an adverse effect? They always seem…
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Should I sell my endowment policy?
Hello, This is my first thread and a subject you have read many times! We have a 25 year with profits endowment policy with Phoenix ( it originally was a Royal life policy) It will mature on June 2011 We have paid our mortgage off in April 2008 so dont need the money currently. The policy is in "paid up" mode. Last…
