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RBS Tracker...anyone else got one?
I haven't had a letter, or any communication, from RBS indicating what the change in payments will be following the recent rate chage. I've only had the mortgage a few months, and I was a first time buyer so am still somewhat unsure what normal procedure is, although I would have expected to hear something from them. Can…
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Mortgage/Stoozing Timing
Hi All, I am currently in the process of my first stooze and hope to have £10k within the next month. I aim to pay this off my mortgage which is sitting at a rate of 5.38% (Nationwide). I'm not sure if this question should be in the stoozing or mortgages but..... My question is will having £10k on credit cards affect a…
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Overpayments
Wow I never realised by overpaying a small amount could reduce the mortgage so much, I used this overpayment calculator: http://www.fool.co.uk/mortgages/mortgage-calculator/overpayment-calculator.aspx Im due to remortgage in Feb and plan to pay my car off in March so Im considering either making overpayments or simply…
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Negative Equity
I am due to come to the end of my fixed rate mortgage deal (I bought my first home 2 years ago) and was planning on looking for another fixed deal. When I bought it, my home was valued at 125,000. I am saving as much as possible to reduce my initial loan of £119000 down to 12,410 to reduce my LTV down to 90% so that better…
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Advice needed! New Fixed Rate deal
Hi All I could do with some of your expertise regarding my current mortage dilema! Ill try and keep things brief and to the point... My situation: I share a mortage with my fionce and have this month fallen off of the end of our first time buyers mortage. Our previous rate was 5.09% fixed for 3 year on a mortgage of…
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Fixed or tracker?Act now or wait?
I need to take out a further advance of £150k with Nationwide. I know that none of you have crystal balls (or at least I assume that is the case!) but does anybody have any good advice as to whether to go for a tracker or a fixed rate at the moment. I am slightly confused as trackers seem to be cheaper than fixes at the…
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why can a mortgage fail After DIP Agreed
we have just had a DIP agreed with a couple of lenders. i was wondering why it could fail after this, i have had credit problems in the past but was accepted and have credit cards, hower the mrs cant get a credit card but has no credit hesitory good or bad. just want some advice as worried as we have had an offer accepted…
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spml/capstone mortgages
I fell into arrears with my spml mortgage when my husband was ill. They would not help me, only suggested to change my mortgage term from 13 years to 22 years. I did but it has gone up so much I am virtually paying the same amount. They will not put the arrears (now £2,400) on the end of mortgage as they said they do not…
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intelligence finance mortgage application criteria??
Hi every one currentlly putting a mortage through with IF and having a few problems its been 5weeks in the application process an agreement in principal has been wrote up and sent through, had a few problems with tax credits getting paid manualy at the moment so not easly traceable. but now after we have paid out for the…
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FTB Mortgage Advice
Hi all, Me & my partner have just made an offer on our first house. It's a pretty good deal for the area so quite chuffed! Expecting to eventually get it for £75k & we're planning on using £8k as a deposit (we do have more but the property needs updating & we need to keep some cash back for this). I just wondered if…
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30 Year Term Mortgages
Hi There I am in my late 30's and re-mortgaged 2 years ago. I extended the term of my mortgage to 30 years in order to make monthly payments lower. My brother who is younger than me said that he tried to get a 30 year term from his lender and they refused - this made me think about my setup!? I am due to re-mortgage again…
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Interest Charged to redemption - Can this be right?
Hi I am looking for some advice on our redemption statement. We took out our mortgage 18 months ago @ approx: £172,000. This was at a rate of 5.29%. We have been paying approx: £1100 each month. Our fixed rate recently ended and we our now 7.5% paying £1250 a month. Over the 18months we have repaid approx: £19,000. We…
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Selling Endowments
Originally posted in wrong forum. I have 2 endowments (£30,000 and £10,000) still costing me £70 per month ....originally taken out to cover a £30,000 endowment mortgage The mortgage has since been converted to repayment. I intend to cash in the endowments - but can't beat the incredibly poor offer from Phoenix (£17,000…
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how to work out best overpayment
hi I would appriciate any advice. I have a mortgage, for £38000 over 11.2years @ 6.24(fixed 2.5 y) I want to overpay, but dont really know best way and used egg calc. but it only does it for a few years. Is paying into the overpayment £100 extra a month better or saving it up and paying the £1400 extra into the capital…
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Mortgage Problems :( Going up £250 in December!
Hi guys ok a long story and not sure what to do here, in brief me and my now ex took out a mortgage almost 2 years ago on a discount rate for 2 years, as circumstances changed and we split and i have 4 children under 6, he's having his own financial problems and the good for nothing isnt helping much at all, currently my…
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A little known fact about trackers
Under the terms of their tracker products, a lot of lenders specify a percentage where, if the Bank of England rate goes lower than this, they are no longer obliged to pass on the rate cuts. For example Halifax, Skipton, Accord and Yorkshire Building Society set this rate at 3%, and Nationwide set it at 2.75% Although the…
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INTEREST ONLY MORTGAGE Should I overpay?
I have a £65000 interest only mortgage. I have an endowment running for another 7 years.It is on track to pay £85000 at maturity. I have some cash left at the end of each month and thought about overpaying on the mortgage payments each month. Does anyone have any comments on whether the over payments would be a good idea?…
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Alliance & Leicester, can't get thru to mortgage dept. any ideas?
i've got a query on our mortgage but i can't get through to them on 0844 800 0080! just seems a constant queue no matter what time of day i call :mad: i've tried a few alternative nos. from saynoto0870, but when you choose the options for an existing customer, all you get is a recorded message "please redial 0870..." any…
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liverpool victoria endowment surrender
Hi I have an endowment with 'LV' maturing next August & I'm getting nervous re the payout amount (for obvious reasons) - it started in 1989, premium is £37 monthly and the current surrender value is £18908 - apparently the 'mid' projection is £20,600 (but I guess that could easily decline!), so I'm wondering whether to…
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Cifas Password
Hello, I've recently applied for an advance on my mortgage and have been approved. Today though theyve rang me and asked if I have had any fraud on any of my accounts. Well I had a fraud attempt through a catalogue and Cifas asked me to set up a password. Now the bank has asked me to provide two forms of photo ID (of which…
