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At long last a nice big reduction (libor rate mortgage)
Got a letter today telling me that as of 31st Dec my mortgage will drop by £170 a month, its a Libor rate plus 3% and at the beginning of the year we were paying 9.10%. Some good news for once.
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Transfer of equity, re-mortgage?
Hi, need some help with regards to a joint mortgage i have with my ex partner. The only conceivable way out of this financial relationship that we can see, is for me to take over the property, bills and of course the mortgage. My advisor tells me the only way 'Accord' mortgages will let this happen is if i can prove i am…
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should i pay what i can every month or not
I am in a position where I am not paying my mortgage as I believe i may lose my property in the near future I have 2 mortgages, I have been absent from work for some months and without payment protection, I have now returned to work and will soon be able to pay my mortgage but I dont think for the next month or two I will…
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Looking to remortgage - which lender is best out of these?
Mortgage expires in Jan and looking to re-fix. The following lenders all have very similar products available (few pounds difference overall) but I have never dealt with any of them before. Just wondered if any were held in particular high (or low) regard? Woolwich Barclays Cheltenham & Gloucester Lloyds TSB Many thanks
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Cash In Friends Provident Endowment?
Sorry if this subject has been done to death here. Endowment started 1994, completes 4 Jan 09. Target value £50k. Fund is 1/2 Stewardship, 1/2 With Profit. I've got the completion letter and it estimates the value at £32k on 4 Jan. I knew it would underperform, but not to this degree. 2 years ago it was worth £37k, then…
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Is this a normal request?
Hi guys, I've had a letter from my mortgage lender informing us that they don't appear to have any home insurance details for our property and they want us to send a copy of our insurance schedule asap. Obvioulsy we have insurance so this isn't a problem. The bit I'm not sure about though is that they've also requested…
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Abbey SVR
Has anyone heard anything about the BOE rate cut this month and Abbey adjusting its standard SVR? I haven't seen any mention of it?
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IF to First Direct remortgage shambles
Me again, I'm afraid.... I did start a thread a couple of weeks ago about problems with a shortfall between my redemption figure and the amount we requested to borrow from First Direct, so apologies for starting a new (similar) one! We were hoping to transfer out mortgage to First Direct on 1 December, but because…
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Norwich Union Endowment - Keep or Surrender?
I have a Norwich Union endowment policy that was taken out in 1997. I pay a premium of £50 per month, and the policy is eligible for reattribution. It is due to mature in 2022 and currently has a surrender value of £7,610. Should I keep the policy, or invest the cash value in something else? Appreciate any advice.
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Remortgage advice....
HI there,1st time I have used this site.. My current mortgage deal with the Halifax (4.99%) expires at the end of Jan 09. The way I see it is I have a few options: 1) go onto SVR at 4.75%. 2) Pay huge fees(£999) to get a 2 year tracker but only save £10 a month!! Are there any deals out there "tracker for life" etc with…
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Alliance and Leicester Mortgage Plus high LTV - Can we renegotiate after fixed period
Hi I am on a mortgage plus product with A&L until April 2010, we borrowed 103% of the mortgage as we didn’t have a deposit. Obviously we want to avoid getting stung when our fixed period ends and want to know if anyone has been in this position and been able to renegotiate a new rate with A&L. Are they the sort of lender…
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Pay more off mortgage or pay more into savings
Hi, Long time lurker first time poster. I'm on an A&L tracker mortgage (tracks at 0.2% below BoE base rate) and in the last few months payments have dropped from c£550 to now c£180. I owe £120k on mortgage, have got £25k in ISAs and £11k in e-savings (safely back from Iceland!) and no other major debts. Do I: a) Pay the…
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Mortgage advice
We currently have a 5yr fixed rate @ 5.39 with Britannia with 130k left on the mortgage. I have been just been made redundant with a payout of around 30k. We can cover all payments, bills etc (live basically) on wifes salary and without the redundnacy money so we wondered whether rather than hold it in reserve whether it…
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Abbey Tracker - Charged BR at 4.5% on 15th Dec 08 !
I have an Abbey Tracker at Base Rate plus 0.79%. They have just taken the mortgage payment based on a base rate of 4.5% (at a rate of 5.29%)!!! The mortgage T&C's state that the new rate should kick in the 3rd of the following month. The BOE cut the BR to 3% on 6th Nov. I called up Customer Services & they said that they…
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For sale a brand new apple iphone 3G 16gb....$300usd
Hello,We sell electronics at very discount prices.Items such as Mobile phones,laptops,games console,Plasma tvs.All items purchased from our company are brand new sealed with complete accessories in its original casing and comes with 1 year international warranty. Estimated Shipping Time:2 DAYS DELIVERY FOR FURTHER ENQUIERY…
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1st plus changing their minds
Firstly let me appologise if this is the incorrect thread. I was wanting advice on what to do next in my battle against 1st plus.A couple of years ago we found ourselves unable to keep up the payments on my loan with this company,due my wife becoming disabled and unable to work.I tried to claim on the insurance,first off i…
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Adjusting Mortgage Application
Hi, I recently had an offer accepted on a new build house. I did my online application for a mortgage with Britannia, and specified the house to be number 124. They sent me through the application forms which I signed and sent back on Friday. It now appears the actual location is PLOT 124 rather than actual number 124. Is…
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Poor service from broker now they want their fee
Hi, Just want a few views on this situation and i'm fully aware that some brokers read these pages. We have just remortgaged, started process August time and am happy with the new product ..sadly timings were poor but my new fixed rate will hopfully even out over the five year term. But not complainimng about that. When I…
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charged loan amount fee £2650 but never had the mortgagge is this legal?
I applied for a commercial mortgage to buy the shop we are renting. The purchase price was 300K and we were aproved a loan of 265K I signed the facility letter offer which stated that I needed to send a cheque for £2650 which was the loan fee (1%) and an admin fee of £695 I never sent a cheque as I was still waiting for…
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remortgaging & home improvements
My wife and I need to raise approx £8000 for urgent home improvements. We have been with Brittania on their SVR for the past 4 years. Our outstanding balance is £71000 and the house is valued at £177000. We are considering remortgaging and obtaining a loan for £79000. Is this wise under the current climate ?
