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Bank of Scotland Mortgage SVR no news but Halifax reduced by 0.5% straight away
Did I miss the announcement from Bank of Scotland (part of HBOS, not RBS) - Halifax were quick to announce their rates going down by 0.5% following the global rate cut. I phoned Bank of Scotland the same day and they did not have any news to give - I have not heard any further news since, maybe they are not planning much…
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Should I cash in endowment and put it against my offset mortgage?
OK I have two under-performing endowments and would like some smart person to tell me if I'm better off leaving them alone and hoping for the best or cashing in now and putting the cash in my offset mortgage. My mortgage is now completely on repayment so I don't need these to cover it but was holding onto them as a nice…
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Standard Life Homeplan Endowment
I would like some advise on my endowment which is in Red Alert £25,380.00 is Target taken out 1993 matures 2018 Total value 4 October 2008 £8,325.15 Monthly Payment £40.02 Cost of Life cover £42.66 At low rate plan might be worth £15,100.00 at High £20,700.00 This is one of two endowments I have on my mortgage
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Spanish mortgages
Hi all, although I appreciate its not a great time to sell a spanish property. I wondered if anyone has a reliable estate agents contact or any good advise on how to proceed in selling a spanish property? Thank you :beer:
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Tracker mortgages-What rate will they track ??
Hi. I've got a lifetime tracker with the Woolwich which is stated to be 0.29% above Bank of England base rate. I got to thinking that if the inter bank (LIBOR) rate remaons at 6%+ or something closes to this, the bank will be losing money on my mortgage, particularly if BOE rate falls to 3.25% by end of 2009 as is widely…
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Northern Wreck rate cut?????
Sadly I have a mortgage with Northern Rock. As we know, a few days ago the BOE reduced interest rates by 0.5%. I haven't heard anything from NR so does this mean they are not passing savings on to us?
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Self Employed Mortgage HELP
Hi, My husband and I are self employed and we need help with a basic question: When underwriters look at a self employed income what do they actually look at: As a self employed we have the following accounts: GROSS annual income (the highest amount) GROSS Profit (net profit + tax) NET Profit (gross annul income…
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Clerical Medical....so slow to process...
Not long ago I posted on here about my Clerical Medical endowment....thanks EdInvest and Dunst for the advice.... When I asked about the figures....the following day I got all the information about the endowment in the post....the day after getting advice I phoned and told them I wanted to surrender....quite an appropriate…
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Mortgaes for new Builds
I am interested to see if anyone is having problems remortgaging for a new build. I am due to remortgage but have been refused because my house is under 24 months old. Why is this? And what can I do?
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Offset mortgage, are my savings safe?
Hi, can anyone let me know if money (£50K+) that is offset against a mortgage is safe in these current markets. I don't want to pay off my mortgage, but just want to use the offset to bring down my monthly payments. If I spread the money around, it means my mortgage payments will go up about £1k a month. Thanks for any…
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Buy To Let - Do I pay off mortgage?
Hi, I'm new to posting but have tried to find answers to my questions so I hope I'm not repeating someone? I have a BTL interest only mortgage. 20 yrs left and I've just come out of a great fixed rate into 6.75% variable. I have a mortage of £57,000, about 70% of the original purchase price. My income (rent) and charges…
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100% mortgage question for you
Bought a house two years ago on a 3 year fixed rate 4.9% (ouch) £175,000 with Natwest. over 35 years In a years time, it will default to a SVR. Anyone know the current SVR for Natwest and how much in increase will be in a years time?
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100% mortgages
Hi there, anyone knows of 100% mortgages being available these days or am I on a ku-ku land?
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Is it possible to re-mortgage on this?
Hi Everyone, just joined today as we are in need of some advice, could be a long post though, sorry My father died last year and mum is now living with us. House put on the market, valued at £154.000, no mortgage on it. Had 3 sales fall through in a year and it looks as if another is about to fail. The house has got some…
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remortgaging- not buy to let
Dear all, Need some help. My existing tracker mortgage is coming to an end very soon: 27/10/2008. I've been keeping an eye on the mortgage offers but my problem is that this isn't my main residence. It was bought as my main residence but we had to move with my husband's job and with the property market doing odd things…
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really stupid re-mortgaging question
I am so sorry to be so dense about this, but I thought this would be the best place to ask:o Our mortgage deal is coming to an end soon and we want to switch lender if we can. I was just browsing the mortgage deals on the natwest sight but something has confused me......................... It has next to the rates a…
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Mortgage interest rates
In light of the recent cash injection into banks by the government and the reduction in the BOE base rate, is it likely that mortgage lenders will reduce their mortgage rates in the near future? My current fixed rate expires 30.11.08 but I am unsure whether to act now and secure another rate or wait and see if the market…
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First Direct Tracker +0.49% or +0.79% - Which to choose?
I have to decide tomorrow which of the above trackers to choose. The +0.49 has a fee of £999 and the +0.79 is fee free. The current outstanding mortgage is £161k on a property conservatively valued at £210k, and yes this is realistic! The original mortgage was taken out over 30 years, 5 years ago, but due to over payments…
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Self cert mortgage?
HELLPPPP we are looking for a 60%LTV mortgage on our current house for £160k My other half is self employed and brings home £1,200 p/m but his company has not been going very long (and is effectively not worth anything). I have enquired at a few places and have been told as my partner does not have 3 years worth of…
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Mortgage & unsecured loan NR-Together Plan
Northern Rock - I actually took out a 'together' mortgage - so borrowed 160k as mortgage and 28.5k as unsecured loan with NR to cover fees, deposit etc.. my fixed term ends May - I cant afford the £200pm hike and I cant remortgage anywhere else as I dont earn enough to borrow 188k in total - which is what I need to keep…
