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Name change on mortgage
I have just started the process of changing the second name on my mortgage to remove my ex and put my new partner onto it, I am a little concerned that my creditscore has gone down since taking on the mortgage but all payments over 2.5 years have been met. My partner however has a great credit rating and gets anything she…
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Need help with figures
I phoned my lender for a redmption figure, and am shocked how much i still owe, I borrowed 85k on a 25 yr loan exactly 11 years ago on a repayment basis. I have kept up with all payments. How much should I owe now ??? Anyone got a way of working it out please
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re-mortgage and pregnancy
Dear All, I have hit an unexpected problem whilst looking to re-mortgage. We are coming off from a nice Halifax fixed rate on January 09 and on to their SVR, which is rip off at 7%. So I though it's time to look to re-mortgage. I'm keen now to move to a tracker mortgage. Best deals First Direct. We have sound finances,…
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standard life endowment
hi all first time poster i have a standard life endowment and thinking of cashing in and pay the £42 to my mortgagetop up between £880 and £1 320 homeplan 9/1/1995 9/1/2020 sum assured £28000 £42.12 per month unit value £7 242.12 final bonus £1 246.50 total £8 498.62 £15 700 £18 400 £21 600 total still to pay £5 644.08…
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LTV question and staying with same lender
Ive recently gone to a lifetime tracker, i was thinking, IF fixed rates come down in 2 yrs or so, and I want to switch to another product (no penalty) with either the same lender, OR another lender... How does your existing lender work out your LTV? do they base it on what you were orginally classed as when you got the…
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Tax payable on endowment sale?
I have almost decided to surrender/sell my with-profits L&G endowment, which is currently a case of pouring good money after bad. It is no longer needed to pay off a mortgage, and has been kept as a savings vehicle (hah!). It was taken out in 1990 and matures in 2015. Would I be liable for tax on the difference between…
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Countrywide have just sent me a letter saying they will increase my monthly
payments by £40 a month as my plan will not hit what I need to pay off my mortgage (I stopped using it as the vehicle to pay of my mortgage years ago). Their letter says I have to do nothing and they will increase my payments automatically in January. There is not mention of how I can stop them increasing the payment or…
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On a Fixed Capital Repayment...can I change to intrest only?
Hey all, I'm a couple of yrs into a 5yr fixed rate capital repayment mortgage with HSBC. Things are a little tight at the moment so I was wondering if I'd be able to change to a intrest only for a while until things are a bit easier. Do you think they'll let me do this?
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Still possible to sell your endowment?
Last year the surrender value for my endowment was £16K and one of these companies that sell endowments said I would get over £18K. Is it still possible to get more for an endowment by selling it rather than surrendering it in the current climate or is this a thing of the past? Has anyone done this recently and got a good…
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Suspended Possession Order - Eviction Date
Thank you for taking the time to read my post and hope you may be able to help. We previously had a suspended possession order which we were advised by SPML was cancelled as we had made arrangements to pay this these payment would have been in place since we were awaiting a rebate from the job seekers allowance and my…
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Offset Tracker
Hi, As, like many others on this forum, I missed out on the FD Offset Tracker deal as this was withdrawn without any notice last week, I wondered if anyone knows of any other good Offset Tracker deals currently on the market? I've got a decent wedge of savings so want to use this against my outstanding mortgage but also…
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Missed mortgage payments - not my fault. Credit rating affected?
Briefly, have a repayment mortgage, was for about £20Kish. Back in April I sold something and used the money to pay most of it off, leaving a balance of about £1,200. The main reason I did this was because my mortgage is one of these flexible ones that allows me to borrow against it up to a certain level and I thought in…
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Mortgage Fee
I am in the process of buying my first home this, with a view to complete this week. My question is, I have agreed to include my £999 mortgage fee on my RBS group care of Natwest mortgage. Do I have to pay the deposit on this amount as well (equal to 10%) or do i only pay the deposit on the £156,000 house fee (+ CHAPS…
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Northern Rock Fee
Hi all, Just a quick post. My fixed rate mortgage with NR expires very shortly, but part of the original agreement was that I pay a few hundred pound fee in the event I leave them when my fixed rate expires - this is for help looking for a new lender. Is this correct and legal? The other thing is that if go to Lloyds TSB,…
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House deeds - who should hold them?
Just before the financial world exploded, I changed my mortgage provider. To my considerable surprise, the original lender has just sent me the deeds to the property. They make fascinating reading and I'm pleased to have them, but shouldn't they have gone to the new lender? Many thanks for any thoughts. JHW
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Mortgage declined
ive been accepted on a buy to let remortgage, valuation came back and stated demand and future salability - poor, so they have now declined this. I accept that when the valuer came round it was in a poor condition ie decorative wise and full of junk and dirty. I have explained this was because the property has been empty 3…
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AIP rejected - any ideas?
We had an AIP from Nationwide for £143K. The offer for the house has been accepted at £222K, we are able to put down the balance therefore LTV is approx 60%. We have just been told (after 3 weeks of waiting for their decision) that their criteria has changed and they can only lend us £60K. The valuation for the house came…
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Overpayment or Cash ISA?
Hi Looking for some advice please on what to do with my mortgage. I have a tracker mortgage on an interest only basis at present. I am now in a position to throw some extra cash at the mortgage on a monthly basis but would like to know if it's best to put the money into a Cash ISA and then pay it into the mortgage at the…
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Remortgage to Fix or Track
I'd appreciate a little advice if I could. We are on a FT mortgage which ends at the end of Jan 09. Our current deal is with the Nationwide at 4.59%. We sourced and been offered a new fixed rate deal with the Abbey for 2 years at 5.74% however we are aware that rates could fall between now and the end of Jan. We were…
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Offset vs ISA
I'd really appreciate it if one of the experts here could validate my logic. We currently have an £80k offset tracker mortgage with Egg at 0.75% above base, so currently 5.25%. In the offset account there is £25k. Of that, £12k is from 0% credit cards, expiring in April and November next year, so we should keep that money…
