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Should I Stay or Should I go now?
My mortgage lender (Egg) was excellent, but seems to have gotten a bit lethargic following takeover from Citigroup. A quick check of the website and I found they have withdrawn all of their EGG mortgage products. Following the recent 1.5% rate cut i thought I would wait and see what they decided to do. I now have a letter…
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Tax implications of parents paying part of deposit
I suppose my situation is not that rare, but I am struggling to find a reliable answer. Basically, my parents want to help me and my partner buy a house, and are willing to pay for 50% of the deposit. Would there be any tax implications with this (since this would be quite a sizeable gift) if the money went directly to the…
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Has anyone received a letter from Bradford & Bingley?
Hi Was just wondering if anyone has received a letter from B & B (Mortgage Express) confirming their rate reduction? We had one last time when the rate dropped but not heard from them since the 1.5% cut. Thanks.
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Trackers - How much has your mortgage gone down?
Clearly, most trackers will have fallen by 2% in recent months but that's the rate not the actual reduction. My repayments have gone from £746.65 to £670.69 which is 10.2%. GG
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Abbey National and Moorcroft dispute
Hi, I am currently trying to remortgae and am desperate to remove an old debt from one of my credit reference files. I am trying to get either Abbey National or Moorcroft Finance to accept that they hold responsibility for removing it or accepting settlement and removing it but they are both taking way too long for my…
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What to do with Mortgage savings?
I will be paying £450 less a month from 01 Dec on 3 Interest Only mortgages that i have. Should i try and pay off some capital or invest elswhere? Any advice much appreciated. Phil
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Natonwide rates. just wondering
Hi I’m currently looking at buying a new home. My house is on the market at the moment and now just playing the Waiting game. What I am wondering is tho… are Nationwide going to cut their interest rates at all?? I have a mortgage for the new home agreed (£11000) with Nationwide @ a rate of 6.18% With the repayments being…
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Woolwich and rate cuts
Hi, I phoned Woolwich last month after the 0.5% rate cut and was told that my November mortgage payment would reduced. It hasn't changed. Also I have no communication from them about this cut or the more recent 1.5% cut. Am really frustrated with them. Do they have to cut their rates or are they within their rights not to…
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Phew....sigh of relief
Hi all My 2 yr fix ends this Dec and I was bracing myself for a hike in the repayments. I can afford the jump but wouldn't be happy about spending the extra cash (who would). Looked at moving the mortgage elsewhere but the LTV I require seems to have dried up and I don't have a hefty deposit saved. I resigned myself to the…
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interest only question
hi we are in the process of changing out mortgage over to interest only for a few months we have the paperwork to sign but the mortgage company are asking what arrangments have we made to pay off the loan at the end of the term we are hoping it is only short term but if not selling would be our best option what should we…
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Should I draw down the overpayment on my mortgage?
Im new to this so please bear with me...Let me start by explaining my circumstances I bought a house in July 2007 for £250,000 with a £100,000 25 year mortgage. The mortgage is a base rate tracker at Base Rate minus 0.31% for two years, and then reverting to Base rate plus 0.99% for the rest of the term from July 2009…
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Is your bank passing on the cut?
Sick of getting the runaround from my bank on this! Time to name and shame them! Is your bank passing on the cut? A - Yes B - No C - Under Review Blah Blah Blah!
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HBOS tracker collar
Does anyone know if the 3% collar applies to ALL of HBOS tracker mortgages since the year dot? I took one out in 2003 and can find nothing in the terms and conditions about this. Thanks.
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Can a mortgage be secured against more than one property?
A workmate and I were wondering about this as she has a wholly owned let-out property in addition to her home and she'd like to use it to change things in her favour from a LTV standpoint when remortgaging.
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Any mortgage advise greatly appreciated
I have tried to contact 3 different mortgage advisers and have had no luck so would really appreciate anyones thoughts. Me and my partner have found a property that we would like to purchase as first time buyers and would like to know what kind of position we are in, in the current market. The price of the property is…
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Woolwich no rate reduction
I have a variable Woolwich mortgage and have had no reduction in my payments, I thought at least I would get 1% , especially as the Bank of England gave such a large drop. Does anyone no why this is ?
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What do I say I want the money for?
I'm looking to remortgage - currently with the Northern Rock and they are wanting to farm out the remortgage to TSB owned Cheltenham & Gloucester - 5 year fixed rate 4.99% £995 arrangement fee: we have quite a bit of equity in our house (even factoring in a drop in house prices); and we would like to cancel out some credit…
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Coventry BS reducing mortgage interest rate
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Handing back the keys to the lender?
Hi, I have a house that i have a joint mortgage with my ex partner, since the breakdown in our relationship the house has been vacant and for sale.My ex has now lost her job and as such is unable to contribute to the mortgage any more. I know techinically as it is a joint mortgage i am lible to make the full payment,…
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Re-Fixing Mortgage?
Hello All, Not sure what you think, however I've on a variable rate with Abbey at the moment and have just found out they have reduced their rates with the base rate change. They have offered me 4.99% which will save me around £280 per month on what i'm currently paying. And there is only a £225 admin fee to re-fix for 2…
