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over payments calculator
could anybody send me a link to an on line calculator which shows how much money can be saved with over/early repayments? I've seen the example basis £100,000 mortgage extra £100/month on this site but want to be able to put my own figures into a calculator to see how much I can save by putting lumpsums…
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Can Nationwide keep payment the same following IR drop?
Good afternoon, I have a BOE+0.88% tracker. Following the recent IR cuts I spoke to a NW advisor about overpaying. They said that keeping the payment at the same level was not possible, computer says NO!!. They said that I would have to make any overpayment myself each month. What I would like to do is pay £700 pm every…
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Redundant / Retraining (does it affect my mortgage protection)
Hi, Im currently a printer and I get made redundant as of 30th of january and have applied for rapid response training through the government to train as a sparky it is in the final phase of being ok'd however i have mortgage protection and am wondering how it affects the monthly payouts i know i have to sign on which i…
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first time buyer mortgage for new build
Hi, we are first time buyers looking to get on the property snake. We found a new built house we like and had verbally negotiated a great deal with the builder. We consulted a mortgage broker (should be trust worthy as they're recommended by my employer in the financial sector) to seek agreement in principle before going…
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Remortgage
I would like some advice on remortgaging please. When I took out a mortgage of £90,000, a year and a half ago, the property was worth £116,000. When I remortgage, I want to add on a £10,000. I know some people say it's not a good idea but I want to move abroad as soon as possible without having to pay monthly loan…
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new to this site - looking for help
husband and i seperated 7 months ago - we have morgage of 18k on house poss valued 200k - last year he made large overpayment into joint mortgage. thus reduced it from 90k to 18k. Got letter from lawyer 17th nov asking me for agreement to his removal of 45k from mortgage overpayment - money would be removed within 6 weeks…
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GMAC/Mortgage Express wont remove missed payment error
Hi, I wonder if you can help with my problem. I originally had a mortgage with GMAC this then changed to Mortgage Express and that's when the problems started, they were taking the wrong amount, not taking at all, taking double, taking at the wrong time of the month etc, this resulted in two missed payments at around…
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Buying Parents house
I hope someone can help, we have been looking at properties for a few weeks now but today have been offered to buy my parents home as they are downsizing. We can comfortably afford a £140k property and have a deposit of approx £14k saved. My parents property is worth somewhere in the region of £175k but they are willing to…
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Repayment v Overpay Interest Only
I have a £75000 interest only mortgage which is fixed until August 2009. I had been investing in an ISA to pay it off but I have lost all faith in investing to pay off a mortgae. Next time I remorgage I was thinking of changing to a repayment mortgage which would put me back at square one. However, would I be better off…
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Keep my Standard Life Endowment or Sell IT?
My standard life endowment is worth about £35,000 to cash in. If I keep it (red alert) it could make £65,000 in 17 years time. It should have been able to repay my endowment mortgage of £99,000 originally at end of term. Would you sell it and invest the £35 grand somehow or hang on to it (we got £3000 via the fsa for being…
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Remortgaging
I have a flat which I am thinking of moving back into. There is no mortgage on the property and the value is around £90-100k am looking to release cash at the same time - I like the idea of offset mortgages have used them before. Have looked at First Direct - who are my main bank anyway - they have a 1.49% above base…
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advice on self cert mortgage please
I Have A Celf Cert Morg Fixed Rate Ends Next August Mortgage In My Name Alone No Equity Now In House Prob Neg Equity. Verging On Financial Problems Missed Some Recent Credit Card Payments. Morg Co Have Sent Me A Letter This Week Offering Me 11,000 Back And No Early Redemption Fee If I Swap Morg. Will Anyone Touch Me Tho…
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Morgage deal
Hello all need some advice,iam with northen rock and the deal comes to a end on the 1/1/2009 fine ive got a new deal with abbey using a broker deeds have been signed all ok,but rang the abbey today and was told that they have not yet been given the exchange details yet,iam now getting a bit worried as to when the soliciter…
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Chances of a mortgage?
Hoping someone can give me some advice regarding a mortgage. Here's the situation, my husband & I rent a 2 bed bungalow off his mum, it's been great living here but we have a 3yr old and would like another baby at some point so we need a bigger place. Mother in law is a wonderful woman and agreed to sell this place and use…
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fixed rate mortgage a year from now?
if this time next year interest rates are very low (as they are now or maybe even lower) and banks have recovered themselves somewhat (cleared some high interest debt and lowered the libor rates etc) is there any reason why they won't offer some nice fixed rate deals? 5 years at very low % would be nice but maybe thats…
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anyone else going C&G SVR ?
was on the phone to them this morning trying to sort out a new deal as mine expires at the end of the year, but as the SVR is now at 4% the best closest deals seemed to be 3 yr fixed @ 4.79% with £1995 product fee or a 2 yr tracker @ 4.09% with a £1995 product fee. I'd never thought I'd see the day SVR's were better…
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Interest Only Mortgage Advice
Hi Folks, I'm new to the forum but have been a lurker for a while and was wondering if anyone can give me some advice. I currently have an interest only, standard variable rate mortgage and we are currently trying to sell our house on which the mortgage is held. Now given the recent interest rate reductions our monthly…
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Can I Avoid Mortgage Early Redemption Charges
Hi, I currently have a fixed rate mortgage that i am tied into until september 2009. The redemption charges are 2% of the amount borrowed, is there any loophole or any way of changing my mortgage with out having to pay this or any way of paying less. My current mortgage is with the Halifax and i would probably stay with…
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Where do independent mortgage advisors get their data from?
Just coming to the end of my 2 year fixed and am starting to look at what's out there for me. Is there a site or data source that mortgage advisor get their rates from? do I need to use a mortgage advisor? what do they actually do? cheers Kev
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aaaaagh! I need some morgtage advice please
My mortgage payments are currently £2,204.74 per month. Interest rate is fixed at 5.44. This ends in September , then I have to pay £2,501.14 a month. Early repayment charge would be £7,700.97. These payments are just about covered by my maintenance. From September I get £500 a month less cos my son is leaving for uni -…
