-
Should i ditch my Fix
Help what should I do I took out a £150000 mortgage with Nationwide 3yr Fix @5.98% back in Sept interest only and pay £748 p.mth I have an early repayment charge of 3k Should i ditch this fix and go with a tracker with First Direct @ 3.69% saving me approx £270 p.mth as I read yesterday that rates are predicted to go even…
-
Help Please! Trying to work out how Bank calculate Interest on my Mortgage!
Ok I feel really stupid now, I'm trying to work out how my 'Interest payment for part of a month' is calculated. Interest Rate: 5.89% (6.2% APR) Loan: 57,900 (although they gave me 57,865 when you take out the transfer fee) Mortgage funds released on 3rd September so interest is added from the following day Monthly…
-
Help Needed Please - Remortgage or stick savings in offset account?
Hi, I'm struggling with the Maths here. We are on a 5.89% offset mortgage with Yorkshire Building Society, fixed for 5 years, with 2.5 years to run and a 3% penalty clause. Currently we owe £70,000 over 18 years on our mortgage. LTV is 50%. We have £50k in a seperate savings account which now pays 5.5% (Non-Tax payer),…
-
Halifax Valuation Fee Refund
Hi, I have found a property as a FTB (10% deposit) and have had an offer accepted. I did a quick look around the mortgage market (I admit I should have done more) and settled for Halifax on Friday (08/12). They gave me a mortgage certificate to pass over to the estate agent. I also paid for my valuation to take place this…
-
Question about borrowing money on the mortgage
Hi, I need to get hold of £10,000 for some home improvements & to pay off some other small debts, I quite like the idea of adding it to my mortgage and have been told by a colleague that adding about £10,000 would be about £20 a month on top of my existing payment...which I can easily budget for. I have 19 years left of my…
-
Help please - FD want to alter the terms of my signed Mortgage offer. Can they?
Hi All Let me explain what has happened. We received a mortgage offer from FD which was signed by them and then we signed and returned it. They have still not completed our re mortgage and today say that they want us to sign a new offer document as they put the valuation at 315k and the valuers came back at 275k. Now I…
-
Natwest Offset Flexible Down To 4.25%
Rang at 16.00 and the new rate will apply from 31st December. A further reduction of 0.75%. So far we have had 0.5%,1%,0.75% so really they still owe us 0.75% but hey ho its money in our pockets and better than nothing. Sorry i meant 4.20%.
-
Bradford and Bingley Direct mortgage
Anyone out there with a mortgage taken out with Bradford and Bingley Direct back in the 90's? If so, do you have a record of any guarantee that was made about the discount on the SVR?
-
Bank of Scotland Personal Choice Mortgage
Does anyone have one have one of these? They don't do it any more. It tracks 1% above their base rate, which they assured me was linked to the Bank of England rate. although I was led to believe it was linked to the Bank of England rate only. I have not had any reductions since the last three BOE drops. I called them last…
-
Change mortgage to 'buy to let'?
Hi, Can anyone help please. I currently have in Intellignet Finance mortgage. If I wanted to rent the house out do I need to tell the morgage provider? If so, is there a chance that they say I cant do this or that I need to remortgage to a 'buy to let' mortgage and therefore need to find more deposit? Many thanks
-
remortgage thoughts
I am due for renewal of my mortgage in 2010 june. I bought a home at the peak of the market at 182000 in july 2007 , with a 5% deposit. Now according to Zoopla its worth 169k , I have 95% mortage of 171k on the house at present. What happens when I renew suppose the house valuation at time of remortgaging comes up at 160k…
-
Coventry Building Society meeting Dec 15th
Just phoned CBS and they are not meeting until the 15th December to discuss if they are going to change their Rates.
-
Britannia Remortgage - questions for existing mortgage customers
Hi - was wondering if anyone going through a Britannia Remortgage as an existing mortgage customer can tell me what the process is? The website has fixed rates up for existing borrowers that aren't broken down by LTV ratios so I assume that LTV is not taken into account hence I don't have to worry about a valuation? Also…
-
For those remortgaging
Just thought I would let you know that Abbey have introduced an 'ammendment of offer fee' of £195.00 as of today. Apparently this is because of the number of people wanting to amend etc. We got our offer through the other week for a 3yr fixed - but due to the BofE base rate cut I wanted to extend the fixed rate to 10yrs.…
-
Why Not
I have a question to all you experts etc. Why do we have to borrow money of banks that we as taxpayers part own and fund indirectly or otherwise. They have made an a-se of it and dont have to carry the can. If the boe rate is 2% why cant we borrow of them directly? i would gladly give the boe 3-4-5 percent over a fixed…
-
lump sum payment - HELP!!!
I have a small inheritance which will gain very little interest and so want to use it to pay off a bit of my mortgage. I have 2 parts though, one repayment and one interest only - my mortgage company have asked which part I would like the money to go towards. Help!!! Which would be the best to pay off quicker and why? Is…
-
Standard Life not passing on base rate cuts
Standard Life did not pass anything on to its customers in November following the 1.5% base rate cut. Following the 1% cut last week they are passing on 0.8% from 31st December. Therefore they are passing on 0.8% out of the 2.5% base rate cuts. This is less than a third of the total cuts they are passing on and we have to…
-
ABBEY fee for changing deal
Abbey is introducing a Product Change fee of £199, which is payable by the customer if they want to change to another product after their mortgage application has been agreed and the survey has been instructed. The fee covers the costs of processing the mortgage for a second time, and of securing the funds, which we have…
-
Advice required please
please help us we are in a predicament wether to pay off our offset mortgage we Have a mortgage of 36,000 and savings of 27,000 they have given us 6.29% for our mortgage and 6.29% for our savings . As we have 9,000 outstanding which we could pay off from other savings would this benefit us, and pay off our mortgage and use…
-
Woolwich / Barclays Base Rate
Hi, there seems to have been a lot of confusion over what the BBBR is. Attached to my mortgage offer when I took is out was a sheet named "Supplementary Mortgage Conditions". Point 9 of there conditions states "Interest on tracker rate mortgages is charged at a set margin above or below or equal to the Bank of England base…
