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Mortgage advice fixed rate due to end Jan 09
Hi to you all Hubby has a mortgage with Leeds Building Society. He took it out Sep 06 - fixed rate of 4.940% until Jan 09. Its a Capital and Interest mortgage. We pay £475 per month. Now we are going on a DMP - we have defaulted on a few accounts. So our credit rating will be shot to pieces. We did miss a payment the other…
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New deal - Tracker, Fixed or other
My current deal is up at end of December I'm currently on a tracker +.69 above base rate with C&G, balance of the mortgage is £90k (house value approx £200K) and currently making monthly payments of £1000 I dont mind looking for a new deal in a couple of years, the cost of the current deals are putting me off, especially…
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Mortgaging Advice
Hi, Wondering if someone can give me some wisdom on mortgages / home buying. We currently own a flat which is 100% ours and is expected to get £165K on the market. We would like to buy a house and we currently have our eye on one that's a big project and would expect to get that for around £280k. We'd need to do a lot of…
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Lenders and the rate cut - a call to Martin
It seems to me that our beloved leader has sufficient public profile and clout such that he could - and should - be taking up the cudgels on behalf of struggling mortgage payers in the same way he was keen to champion the anti-bank charges cause. I'm aware that some lenders are making the case that their rates would not be…
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Whos Mortgage has actually dropped out there?
Hey. Just a quick one really. As many know there has been a 2% rate cut over the last couple of months and I wondered - 1. How many peole have received the full drop and therefore a decrease in mortgage payments and what is their new rate. 2. What type of mortgage you have and who is your lender. I ask because I cant…
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HELP! do I pay ERC and go onto SVR or stay fixed on 6.58%
Help - first time post so be gentle!! We came out of a discounted rate in August 2008 and saw our monthly payments rise so after lots of looking we fixed for 2 years with nationwide at 6.58% which now seems very high and we have never had a fixed but it seemed the way to go. We are paying £500 per month, but this is £50…
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Removing Ex partner from Mortgage and Deeds
I broke up with my ex in Oct 2007 and have lived in our house alone for the past year and 1 month. My ex partner has paid nothing towards the mortgage or any part of the property however at the time of break up I discussed with a financial advisor putting the mortgage and deeds in my name solely. I was advised not to do…
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Alliance & Leicester SVR concern
Hello, I currently have a mortgage with Alliance & Leicester and have recently come out of my fixed term. Does anyone know whether A&L will pass on the recent base rate cut to existing customers? I really need them to! They recently wrote to me before the big announcement saying they had cut the svr by 0.25%. My mortgage…
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Unit Linked Edowment
Gutted. I have a unit linked Endowment surrender value is £16,300,in Sept valued at £18,000. it should have paid our mortgage of £40,000 the mortgage is due to be paid in 2012 and not sure what to do now. I have been told I cannot sell on as it is unit linked. Endowwment sold to us in 1992 by Abbey Nat Building Society now…
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True Value OF YOUR PROPERTY!!!!
As a financial advisor having my hands nearly in everything, I am more and more fed up with customers over valuating their properties. Example, (Q) How much is your property worth? (A) I believe it is worth £200k as so-so estate agents valued it? Or next door is on the market at £200k but in a worse state than mine. Estate…
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Paying For Nothing
Hi, my partner and I bought our house in 2001,we got our mortgage through a mortgage adviser,we have been using him ever since.However a few weeks ago my partener notice a direct debit coming out of his account and did not reconise the company,so we rang the adviser and after a lot of beating a round the bush he said i was…
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Tricky decision
MY husband and I bought a house 18 months ago for 205K and then 9 months ago we separated. Our mortgage is 200k. Unfortunately it is now only worth approx 185K. I took over the mortgage payments a couple of months ago and I am managing with a combination of benefits, part time work and maintenance for our 3 children.…
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Adding spouse on remortgage: stamp duty payable?
We are currently in the process of remortgaging our home and have received an offer in our joint names. The current mortgage and deeds are in my husband's sole name but we now wish to have both of these in joint names. We've read many differing opinions as to our potential liability for stamp duty land tax. Can anyone give…
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HSBC Revised Mortgage!!! HELP!!!!!
Hi, I want to purchase a new build apartment with a selling price of £141,995. I have then got an incentive price after a bargaining session form the developer of £120,000. I have a £20,000 deposit and I needed a mortgage for £100,000. The actual purchase price will be £141,995 but i will only pay £120,000. I have got a…
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remortgage/100%/value of property
when we took our mortgage (nearly 4 years ago in april) on a 5 year fixed deal, we paid 89k for the house and put 25k of other debt into the mortgage at that time as it was the only way to get a mortgage. what we have left is currently about 100k in total. the value of the property is about 105-112ish (at present). the…
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Thoughts on my endowment please !
Thanks guys, Ed :) CIS (Co-op Insurance) 25 year endowment, matures in July 2014 Premium £80.30 monthly Life cover £50k Basic Sum Assured £21,400 Latest projections (Oct 08) 4% £39,900 5.75% £44,100 7.5% £48,600 Surrender value £27936.40 (now) was £30492.79 (July 08) If maturing today would currently pay out £58,722.38 The…
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Should i change?
I'm with Kent Reliance Building Society. Currently, I am on a tracker, paying 5.5% and am expecting the last 1.5% decrease to come next month as the previous increase was passed on this month. Today they sent me a letter offering a fixed rate mortgage for 3.89% for two years or 3.99 for three years. Whats more, there…
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Repayment of loan - Mortgage?
Two years ago, we funded, through a maturing investment, the purchase of a flat for our son. The flat is in his name and we got a mortgage document drawn up by our solicitor with us as the party providing a mortgage. The flat is a low rise ex local authority in a reasonable part of central London. The price paid was…
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Leaving the One Account - but to where?
No need to go on about how disappointed we are about the rate cut not being passed on to us etc etc Like many have suggested - "Well why don't you leave!!" I'm starting this thread for those who are thinking of leaving, and to where? I'll start off. I'm looking at 2 1. The ING. Standard Variable rate of 4.84% and no fees…
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Mortgage Overpayment
Recently my mortgage provider altered my method of payment from Standing Order to Direct Debit (because it was easier for me – funny, as I’ve never had a problem with this in the past). It was up to me to cancel the Standing Order but for various reasons I wasn’t able to do this till this month. As a result I have paid 2…
