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Natwest remortgage - case to answer?
I have a 2 year fixed-rate with Natwest that expires at the end of the month. In September I started to negotiate for a new fixed-rate deal and was finally offered 5.45% with a hefty product fee. The offer was sent out on the 3rd of October, with a 14 day cooling off period. On the 8th of October the base-rate was cut by…
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The difference between overpayments and lump sums?
Hi everyone, As we are currently on an interest only deal, we are thinking about ways to start paying off the capital. I've looked into the terms and conditions and am a bit confused about the following. With our deal with Abbey, we can pay up to 10% of the capital owed in a lump sum each year, and this willreduce the…
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endowment at an end, what do i do now?
The endowment portion of my mortgage is due to finalise the beginning of december, leaving a small amount left on a repayment and interest deal. The endowment should pay out the required amount initially borrowed (£13,500), with a small bonus possibly. My dilemma is, am I legally obliged to pay the mortgage lender back…
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Base rates
The current financial crisis makes no sense at all to me. 3 months ago everyone was talking about how high interest rates were (BR around 5%) and now repossessions are rising fast with BR dropping monthly. With the current borrowing plans that the government is planning to boost spending, surely all they are doing is…
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Northern Rock delay passing on the rate cut!
I've just been told that NR are cutting thr rate on the 1st Dec but it will not come into effect until 1st Jan09!!!! How can they get away with this?
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Impact on Mortgage if I change job?
Hello :j, I am considering giving leave on my current job (I have been with the company for two years), to go travelling for a few months from the end of Jan until the end of April. I then expect it will take me a month or so to find a job. I was then hoping to obtain a mortgage near the end of the year October/November…
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Higher savings to loan ratio.
Can anyone answer this question. Would a bank allow an investment of a large sum say £100K into an offset mortgage account and borrowings of a lesser amount say £80K, leaving a balance of £20K in the savings account? As I understand it the bank should pay interest on the savings as the loan is for a lesser amount, however…
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Repayment Mortgage Claculation
I have a repayment mortgage with the Newcastle Building Society. Assuming no rate changes, how do you calculate the monthly payments over the life of the mortgage? I would like to set up a spreadsheet so that I can track what my payments should be from now until the end of the mortgage and what I actually am paying.
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Re-mortgage dilemma !
Hi I finish a ten year fixed next month (5.69%) and have paid First Direct £400 to secure a 2 year fixed at 5.25% (with a £400 closing fee when I take it) I've got 71K left outstanding on a house worth (this week) 220,000 (In London) I want to borrow an extra 26K to build an extension taking the total to be borrowed to…
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Halifax SVR?
Just a quick question. I've just finished on a capped rate with Halifax and had a letter to say I'm now on the SVR of 5%. Is this the SVR after both of the interest cuts ie the half percent and then the subsequent 1.5% or is it likely that the 1.5% hasn't come off yet? I've looked at their website but to no avail. Thanks…
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First time buyer advice - near 100% mortgages?
Hello, we are first time buyers ideally looking for a 100% or near as dammit! 100% mortgage as a repayment. Any pointers from recent experience? Really looking for a 2/3yr deal initially where there isnt extortionate deals. Looked at a few and the arrangement fees etc were quite high!
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trying to get off a joint mortgage
Hi all, bit of advice please? Me and partner split up, he wants house, I dont, hsbc say they wont let him take the house solely on, I want out. Is it worth pleading my case to hsbc, saying im no longer living there, and I want out, or will it just not make any difference? Its about 90% LTV at present. I just feel so stuck…
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Mortgage Options - relationship breakdown
I have just split up with my ex partner, and we are both named on the mortgage. He has said that he wants to transfer equity into his name, but has so far made any movements to do so, and I want off the mortgage asap incase he defaults on future payments and the house is reposessed (he is not clever with his finances at…
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Where is the best place to aget a mortgage at the moment?
As the subject says. thank you in advance. :)
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First Time Buyer - best deals?
Hello, needing some help as like others I don't have a clue whether it's best to organise my mortgage now or to wait for lenders to pass on the rate cuts? (Will this actually happen - I know nobody knows but anyone have an idea?) I'm buying a flat from my dad (so not under time pressure to get a mortgage but want to…
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mortgagesd plc
anyone know what the svr is on mortgages plc? thanks
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2yr fixed mortgage coming to end march 09
My fiance and I have a 2 year fixed mortgage with nationwide for 170500 which is at 4.98% and costs us £994 per month. We're looking at deals at the moment for a remortgage but there seems to be very little available. there is apprx £162k left on the loan and our house is worth £230-240k. The base rate dropped by about…
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getting out of fixed rate just taken?
At end of oct my fixed rate expired and I verbally agreed new rate of 5.74 for 2yrs( i had been closely monitoring rate for prev 3 mths) with existing lender which is due to start beginning of december. Then rates were cut and they are now offering 4.34 and this would save me about £150pm. I have rang them and the say only…
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To pay or not to pay
Hi Guys, Quick question ... We have about £42k offset mortgage with C&G, about £30k savings in accounts offset against the mortgage. If we have extra cash each month do we .... overpay the mortgage and reduce the actual capital ? or save it in an offset account and not pay interest on that amount and therefore overpay the…
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Advice on paying off a bit of my mortgage.
Looking for some advice on which way to go please. I've got roughly £5000 coming back through the Iceland bank fiasco and I've decided to pay off some more of my mortgage instead of investing it back into savings. Here goes I have a two part mortgage consisting of £26,000 interest only and the repayment side is down to…
