-
remortgage, redemption. v confused help please
hi, we share a house with my parents (the house is effectively split into two houses with a connecting door, but is officially one property). my parents' names are on the deeds as are my partner's, so my parents names have to be on any mortgage we have on the house (my parents needed no mortgage for their 'share' of the…
-
BTL fixed rate deal comes to an end May 09- advice plse
Title says it all really. Our 2 year fixed deal on our BTL mortage come to an end in May. Now I'm heeding Martins advice and starting to think about looking at what we do next now. We'll need to borrow about £70k. The house is a 2 bed semi, and similar houses sold for £125-129k at their peak. Unsure as to what it'll be…
-
Advice: Tracker coming to an end should I sit tight on a varibable?
Hi! My 2 year tracker is coming to an end and I am faced with a new fixed deal which is almost 250 pounds more than if I left it on the variable rate. I've always been taught that the variable rate is bad and fixed is much better. My fixed deal is about 6.45% for 3 years whereas the varibale is currently at 4.75%! SHould I…
-
Endowments Rant
Has Anyone Got Theres Still Running Theres With Mortgage What Percentage Do You Think Has Cashed Them In Is It Worth Running Till Full Term Is It Worth Cashing In Whatever Surrender Value Is And Paying Off Some Of The Mortgage And Go Repayment With The Rest For Peace Of Mind Or Do We Spend Spen Spend An Hope The Goverment…
-
Advice on re- mortgage
Hi all, I am after some advice on re- mortgaging. My current situation is thus- Mortgage 135k, 68k interest only, 67k repayment with the Chelsea, 4.89% fixed until 01 Jan 09. Then onto their SVR at 6.94%. I have a 75k lump sum to use to pay off when my current deal expires. I also have 12k in an ISA earning 3% interest. My…
-
Chelsea Mortgage question
I have a Chelsea Cashback mortgage that was taken out in July 2007 fixed at 6.84% (got 6% cashback). In the small print it states that if I wanted to rent my property out my rate would revert to SVR + 0.25% which would mean when there SVR rate comes down on 31st Dec I would be paying 6.04% (cheaper than my current rate)…
-
First time buyer - shared ownership, full ownership? soo many options - very confused
Was hoping people could shed some light on this for me, I have wanted to buy my own property ever since i started renting and never really found myself in a comfortable situation to do so. However with the recent market activity I am becoming more and more inclined to do so. So how to go about it? From what I understand…
-
Mortgage Arrangement Fees Help
Hi, I hope someone can help. I attended meeting at my bank on the 26th November to further discuss re-mortgage and loan. At this meeting I was advsied of detailed costs per month for both mortgage and loan. Based on these values I made the decision to proceed. The house was then valued by surveyor representing bank and…
-
Natwest Send Letter to my Neighbours
Can anyone give me advice? I fell 1 month behind on my mortgage for couple of months. This was resolved last week (Natwest are happy). In meantime they sent a letter to both my wife and I saying we had fallen behind with our mortgage and if we didn’t respond within 7 days they would take formal action. The letters having…
-
Can I remortgage from builders plans?
Hi, I am looking at ways to raise funds to pay for the building work I am having done very soon. I have bought a 2 bed bungalow for 130K for which I have a 123500 mortgage. The work approx 40k will turn the house into a 4 bed semi, hopefully adding a great deal of value to the house (hopefully in region of 200K). The…
-
getting out of an offset
Hi, I have an offset with FD (5.5%) with interest rates tumbling. I have the ability of a very short term loan (interest free parent loan!!) to pay off the mortgage and then start again using a much better rate although I will wait a bit longer to see what this rate will be. Can anyone see a problem with doing this as I…
-
Can I bend your ear please?
I was just wondering if it is possible to get a joint mortgage with my OH. I already have a mortgage which ATM costs me £133 per month. Would he be better off trying to get a first time buyer mortgage since he's never owned a house? Another consideration is that my OH is 48 so wouldn't be able to get a mortgage over as…
-
Advice would be appreciated on this situation?
Good evening. Firstly thanks for taking a look! I am currently in my first property, a 2 bed flat that I bought in September 2006. I would like to move up the ladder in the next few years if possible. I bought with the assistance of a Key Worker Equity Loan scheme, not Shared ownership!!. This is an interest free loan that…
-
Transfering a mortgage??
I am in negative equity at the moment but would like to move house in 18mths - 2 yrs time. I would be able to afford a larger mortgage so am wondering if it possibly to add on the negative equity amount onto a new house mortgage. eg if in negative equity for 20 grand. Can I add this to new house mortgage eg 140,000 +20,000…
-
Do any fixed rate residential mortgages offer rental?
Hi all, I'm looking for a five year fix, but its really important that I'm allowed to rent out the property for at least some part of that as I will be leaving the country. I've phoned at least three different lenders who say they do 'offer' the ability to rent the property but its at the discretion of the lender.…
-
why's my fixed rate mortgage charging me different interest?
Hi All I have a fixed rate mortgage but having received my annual mortgage statement today I don't understand how our monthly payments are the same but the interest and charges taken from that fluctuate each month by as much as £42! How is this - if it's fixed rate? We spoke to the bank and they said its because of the…
-
Offset and savings
I may be posting this in the wrong place please bear with me if I am. I have an offset mortgage of 250K, I have recently received about 240k which I want to keep access to for a short time. my question is would I be wise to put it against the offset mortgage or do I risk losing most of it if the BS goes bust The BS is…
-
Reprocessed by GMAC
Hi, I would like to ask a question and not sure if this is the right place to ask? If not forgive me I was selling my house due to being reprocessed by GMAC......... we had fallen behind in payments due to a family break up. We went to court and the judge awarded the repossession even though we had a buyer for the…
-
Help Please
Hello About 2 years ago i fell behind with my mortgage each month I have been overpaying to catch up, each month they charge £50 that goes on to the total owed. Is this ok for them to do this or is there recourse like the bank charges where i can reclaim it? Thanks
-
Advice on overpayment's
Hi all Hope you can offer some advice on my Britannia Building society. I Currently owe £21880 a month ago, it is fixed at 5.29% until 26 Dec 2009. According to the mortgage offer i can make overpayment's of £499 a month until Early repayment charge goes in 26 DEC 09 in which i can make any overpayment amount. I have been…
