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WHY bother with new mortgage? - advice please
Hi I have £177k with Halifax mortgage currently on tracker at 0.14% above BOEBR. So this month i'm paying 3.14% BUT the 2 year deal comes to an end on 31st December and I revert to SVR of 4.75% I have to stay with Halifax because of changes in my personal circumstances and trouble I would have proving the salary necessary…
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Fixed-rate fud - what to do?
Hello everyone, I'm after a wee bit of advice. My current situation is; Bought a flat for £57k just over three years ago, Remortgaged one year ago to a 10 year term, fixed for the full ten years at 5.68%, monthly payments £492. Early repayment fee of approx £1350 I am a higher rate tax-payer, £17k in an INGdirect (ex…
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will fixed rates ever come down?
Hello, does anyone think fixed rates will come down in the next few months? I understand they take into acount the future rates etc but they still seem way high to me. I was thinking they should be around 4.99% now for 5-10 fixes? does anyone think they will go that way?
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shafted by financial advisor
When we discussed remortgage with financial advisor everything was straightforward . I enquired about fees and was advised only needed to pay the valuation fee . Money is scarce and i asked about other fees and was told they would be added to loan . Key facts form showed payable on completion . I enquired about this and…
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What to do???
Hello! I have been lurking for a while but not posted much - so excuse me if I get the terminology wrong :rolleyes: I have two situations that I would like your advice on: 1. We have just received our mortgage offer from Abbey for a fixed rate, ending Feb 2012 at 5.24%, 75% LTV on the house we live in. Our existing…
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Can anyone please help ADVISE NEEDED ASAP
Hi I entered into an IVA two and a half years ago, and have just offered a one of payment which has been accepted and paid to see the back of it. We know need to move area, and want to know if i sell my house who would be able to help me get a new mortgage? I have never missed a mortgage payment and self employed but can…
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To remortgage or not!
Hi Thankyou for reading this post. I am currently on a three year fixed deal with Abbey at a rate of 5.72%. This began in June 2008 and lasts for three years. The remainder on the mortgage at the start of the term was about £88,000. Paying it off over a 12 year term, although I like to pay a lump sum overpayment nowa and…
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How do i get ex off deeds mortgage?
Me n Ex split 4yrs ago cant get him off mortgage or deeds there are also my parents on them aswell as us 2. He hasnt paid a penny since day he left and i am only1 who put money into house at start (20grand) we have been sending solicitors letters sice day he left but o replies for past 3 yrs the last we heard he was gona…
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Loans & Mortgage Application
Hi, I just have a quick question around how a loan effects a mortgage application. When applying for a mortgage do they look at the total amount left on a loan, or the monthly comitments on the loan? Thank You Charlotte :)
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Advice Needed re CCJ & Mortgages
Hi, I have been browsing through this forum and wondered if anyone could give me any advice. For the last two years we have been experiencing financial difficulties due to a decrease in salary. We have used the CCCS to deal with our creditors and they have been sending regular payments to our creditors for a year. Although…
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mortgage overpayments but not offset - confused...
I'm really confused about this - I have a coop tracker and paid extra into it - but then found out that it doesn't affect the monthly repayments (ie doesn't offset), it only reduces your term (quicker repayments and less interest overall). So I took the money back out and put it in a 6.3% savings account - and then at…
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Remortgage help, offset?!
I currently have a mortgage on my home for 145k and the property is worth about 175k. I have come out of my discounted rate with the abbey and so am now on their SVR. I have 55k in savings which is currently sat in a very poor place but I've not had chance to move it yet (inheritance). I'm think that I may be best off with…
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Base rate goes down but mortgage interest goes up?
Hi All, I am trying to understand why when the bank of england reduces the base rate my monthly mortgage payments are reduced mainly due to a reduction in capital repayment and not interest e.g. October rate 7.99% monthly mortgage £1000 of which £700 interest £300 capital in November the base rate goes down by 0.5% so..…
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fixed tracker near end fixed term
Hi :) i have a fixed rate tracker with Birmingham Midshire 1.6% above bank of england base rate (I think), which is due up in January. I contacted them and if i leave it, it will go on a tracker 2.06% above base rate. I am wary of fixing again mainly due to the fees, i cannot change mortgage company as i have an IVA and…
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ERC Repayment or Not?
Hi all, have a mortgage with nationwide 5yr @ 4.69% not too bad all things considered. Has 20mths left, meaning (by my calcs) 1.69% ERC around £2.7k. Wife works for Abbey, and they currently offer a BOE+1.38% with no fees at all. So already thats 3.38% - the ERC on mine means it isnt necessarily a no brainer. - If I got a…
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Great table of SVRs
Hope this hasn't already been posted. If it has, feel free to delete The BBC just published a table of the current SVR rates of most of the major lenders. It can be found here http://news.bbc.co.uk/1/hi/business/7766364.stm Hope this helps
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First Direct trackers are back !!!!
Offset base tracker , 1.49% above BoE rate for life , currently 3.49% fee £599 or Life tracker , 1.69% above BoE rate for life , currently 3.69% fee £399 the latter is tempting !!!! :beer:
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Am I stuck with my fixed rate mortgage? Please help!!!
Hi, I got a fixed rate mortgage at a rate of 7.09% exactly one year ago, fixed for 5 years. My monthly payments are £650.00 around £550.00 of this is interest, I took the mortgage over 25 years. It was also a 100% mortgage for a sum of around £100,000.00.The redemption penalties for coming out of my deal are 5% of the…
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Transfering Equity
Hi, I need HELP!! My boyfriend has currently got a mortage with Northern Rock which comes to its 3 Year Fixed Term in June 2009 this mortgage is with his mate. Me and my Boyfriend want to move intogether in June, His mate has applied for a transfer of equity but has been declined. And selling the property So i am thinking…
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REDUNDANT (Both of Us)
Hi, I'm new to this forum but after viewing a number of posts am impressed by the amount of knowledge members possess (flattery should get me everywhere :rotfl:) but I wish I could actually laugh at this time! My wife and I both worked for the same retail company (she was a manager) I was a H.O. field auditor. Me for 12…
