-
Bradford and Bingley large LTV mortgages
I have a 100% ltv mortgage with Bradford and Bingley and am due to finish my rate in 9 months. I am aware that the government want to reduce the books down and won't be offering new rates to anyone coming off a rate. It is likely that my house will have gone down in price by then as well. I'm really worried now because not…
-
Repayment question
I have two mortgage accounts with Nationwide one main mortgage and a flexible advance mortgae of £7k. When I fixed the main mortgage for 10 years last year they said they could tie my flex advance to it as well. I did this. The flex advance now shows a redemption fee of £200, I don't mind this as I knew this was a…
-
Remortgage
Hi i was looking for advice please from anyone that can help, i have a £49000 mort over 11 years but would like to find the best deal i can upping the amount to £69000 over 15yrs, i've googled but to be honest my head is getting minced, can anyone recommend companies with the best deals at the moment etc or even brokers…
-
Trying to understand my mortgage statement
I have been looking at my online mortgage statement from Nationwide and using Locoblades fantastic spreadsheet to work out how overpayments will shorten the mortgage term and amount paid. One thing I cannot understand from my mortgage statement is how I am paying the capital so fast. I took out the mortgage in March 2005…
-
phoenix Endowment should I sell will they pay terminal bonuses?
My endowment (with Phoenix) matures 2013 was for £100k plus bonuses and terminal bonuses but last value was about £50k. I pay £132.16 per month. should I surrender/sell it and pay it off my variable mortgage of £118k. Is it worth waiting to see if they give me a terminal bonus? Thanks in advance Pat
-
Finally paying off mortgage
Hi, Can anyone advise me please. My sister told me today that she has paid off her 25 year mortgate (lucky devil) but never having been in this position she doesn't know what is supposed to happen. (I didn't know either but I told her I new a great site where they would know the answer. Q. Once she's made her final payment…
-
Mortgage Broker Prices
How much should who pay for a mortgage broker's fee? Is £400-500 a reasonable price or is this too much? Don't broker's get commission or fees from the lenders?
-
overseas mortgaging
Hello, Does anyone know if it's possible to take out an overseas morgage to fund a UK property? Taking advantage of lower interest rates.
-
Can't find endowment policy
Can anyone help please? My partner's ex-wife died a few months ago and he is trying to deal with the paying off of the mortgage as they had a joint endowment policy. He informed the insurance company of her death and they have asked him for certain paperwork including the original policy which she held but the family…
-
Mortgage advice needed badly
Hi guys this is my first post here so hi to all:j Right here we go we need some mortgage advice really and i must admit me and my partner arent the brainiest of people when it comes to this thing... So when we went to buy our first house a local mortgage broker handled most of it for use..and got us a deal with Northern…
-
Fixed term ending soon!!
My 2 year fixed term deal is ending at the end of October and Im not sure what I should do.:eek: Should I sign up to a new 2 year deal? (Fixed deal are preferrable to me) Should I go to the banks variable rate for a while to check what the interest rates are going to do? Should I look at other deals? Discounts/Trackers etc…
-
Should my gf get a credit card? (mortgage application)
At present I have a joint mortgage with my mum but next year it will be getting changed into mine/my gf's name. I have credit cards that I spend on occasionally but always pay off, never had any missed payments etc so my credit file should be ok. It just occured to me though that my gf doesn't have one, i think the only DD…
-
Cant work out if this helps us or not!?
Hi We need a mortgage of £135,000 as we are moving house. However my Mum has offered to lend us £40,000, so we need to borrow £90,000 which has been agreed by the bank on a 5 yr fix at 5.89. My Mum will want her lump sum back in 5 years at the earliest but she might not want it back for 20 years, the agreement we have come…
-
Would you reccommend Motley Fool mortgage service
The mortgage on my wife to be (next Saturday!)'s flat has just reverted to the standard rate of 7.19% with Nat West. We had tried selling but after no interest for months we're now renting it out. Not everyone will quote for it because it's slightly complicated, it's the downstairs flat and she's also the freeholder for…
-
Shared Appreciation Mortgage
Are there any threads on the SAFE case, I've searched but not found anything? Thanks
-
Tracker Mortgage advise please
I am into the second year of a tracker mortgage with the Woolwich/Barclays. The one year fixed period is up and now the rate is variable running at 0.39% above base rate of 5.00%. I now have the option to fix it for an indefinite period of time. What should I do? I am nervous that the base rate will increase significantly…
-
Do I pay it Off
I am sorry if this at times appears a little vague but I do not have all the facts. Some months ago I needed to borrow £9000 to assist my Son. In order to do this I borrowed against 3 Endownment type savings which also offer life Insurance linked in. The interest rate on the loan was 7% APR. One of the policies is due to…
-
First installment with initial interest
Hi guys I'm a FTB and got my mortgage offer letter from halifax for 162K on a 30 yr period. I'm on a fixed deal and my monthly repayment is £1028. However, in my mortgage offer letter my first monthly installment is £1415 followed by £1028 every month. I'm still curious what could be the reason, my first monthly payment is…
-
PHI or Mortgage Life Insurance with Critical Illness
Hi Guys, Question for the IFA's out there or anyone else who has experience. I'm trying to organise some kind of protection for my mortgage which has approx £70,000 outstanding with 28 years left to run. I'm employed full time and if I was to be off sick from my work my employer would pay 100% of my salary for 6 months and…
-
Endowment Advice please
I have two, with profits policies taken out in 1987 and 1992 to repay a mortgage of around £58000. The first is with Phoenix (ex Royal Life) which is struggling and I have now received a surrender value for it. The details are as follows: Guaranteed sum assured: £8186, Bonuses: £6209, premium: £37.11, Maturity date:…
