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question re-payment holidays & future applications..
hi all we recently had our first baby, and are looking at taking a payment holiday to enable my wife to stretch out maternity leave as long as possible. We have been told by our provider (Halifax) that this is no problem and that we are able to do so. The terms of our deal allow us to take up to 6 months payment holiday at…
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Gmac Svr - Help!
I took out a mortgage with GMAC and it was sold onto MASno5 without my consent, I have now come off my fixed rate and have gone onto 4.99% with MAS No 5. Was just wondering if anyone knew what the SVR with GMAC currently stands at and if it is lower than MAS no5 do I have a case to ask for mine to be lowered as my original…
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Bit of help please.
Hi everyone, first off can i just say what a fantastic site this is! long time reader but first time poster here! Anyways i would like some advice if possible. My girlfriend brought a house in the valleys of south wales with her ex fiancee 2 years ago for £90,000. She paid the deposit for the morgage but didnt sign…
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Valuation with Direct Line.
My BH is coming to the end of her discounted period with SL and is looking at changing provider. She has spotted a BoE Base rate tracker with first direct at +1.49% (So 3.49% currently) This is also an offset mortgage. The problem is the LTV. She bought the house for £119950 in Jan 07. She has approx £104000 mortgage on it…
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Re-mortgage
Evening everyone After a very busy day at work, tea, housework blah blah blah etc..... You know how it is....... I have contacted my existing mortgage lender as I am on a fixed rate of 5.4%. To be told the best they can offer me, as an existng client is 5.00%. Base rate is 2% Correct!!!!! I contacted a new mortgage lender…
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Endowment Blues!
Hi Everyone. I have an £87K interest only mortgage and three separate Endowment Policies for £36K, £20K, and £31K respectively. Each obtained as I have moved houses in 1988, 1992, and lastly in 1996. They were for 25, 20, and 15 year terms. I didn't complain about miss-selling as I was genuinley aware endowments could go…
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Refused change to Interest Only
I rang my mortgage company a few weeks ago to try and change my mortgage to interest only. They gave me a quote for the new payments and said put the request in writing. They have now written back and refused to change the payments. LTV on property is about 40% and this amount is fully offset at present. The offset amount…
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Fixed rate ending in Feb - what do I do ?
Hi everyone - this is my first post but I have been a 'lurker' for a while. My fixed rate self cert mortgage with GE money comes to an end in Feb 09. It is an interest only mortgage and I wish to change the mortgage to a repayment but I am happy to stay with GE Money. Can I just start paying capital on top of my repayments…
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Need advice on mortgage holiday
I need advice on what to do! We have been living in our house for 18 months now. We have never missed a payment or been late on a payment. We took 1 payment holiday in July 2008. Here is the story: Our child was born in March, we did not know about a 6 month maternity holiday until today. We took a payment holiday in July.…
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Taking advantange of lower rates?
Hi All I'm confused... I am on a fixed 5.79% HSBC mortgage until May 2010, on the re-start (interest only) mortgage, converting to repayment in 2010 (dont ask, very expensive divorce!). I owe £156,000 and house was worth £220,000 in Dec 07 - its a bungalow, and prices dont appear to have dropped much in the area. My…
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Cashing in with-profits endowment
Hi, I have a with profits endowment with Royal London that has been running for nearly 10 years and i am thinking of surrendering it. I only pay £40 a month into it and in 2005 the surrender value was £2460. I am hoping that the surrender value today may be worth around £3500 or more?? I can see from the previous surrender…
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minimum period of ownership for mortgage.
Hi, I purchased a property recently using cash. I am in the middle of a refurbishment and I was thinking of taking a mortgage on the property and letting it out. I was told by someone that all lenders now require a minimum of 6-months ownership. Is this correct? I wasnt sure if he meant remortgage rather than ownership. If…
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Dont let Mortgage Express Con You Out Of The Full 1% Base Rate Fall
Hi, I have a Mortgage Express mortgage which has until now directly tracked the Bank of England Base Rate (although it is described as on their Product Variable Rate). This month instead of getting the full 1% fall they awarded me 0.26%. When I called they said they can do that (which seems standard), however the…
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full repayment advice needed please
I have 21k interest only mortgage , the deal finishes in feb 2009, i need to change to a full repayment mortgage which i suppose would have to be payed off within 4 years as im 61 now.Any advice please.
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Newbuild Homebuy - Mortgages??
Hi I don't know if anyone can help but I'm struggling to find which mortgage providers accept Newbuild Homebuy applications. I'm trying to get an idea of rates, LTV, fees etc. Having read various posts on MSE I realise there are a lot of people who are against SO/SE schemes and I have read their comments with interest.…
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Abbey breaking cold calling rules
Imagine my suprise a few weeks ago when I received a telephone call out of blue from my local Abbey branch asking if I wanted to review my mortgage. As I do not currently have a mortgage with them and no other products I asked the salesman if he had my express written consent to telephone me. He replied that he did not…
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Mortgage gone up by 50%???
Hi there, just had the shock of the day. Currently working as a freelancer as in between jobs. So get paid sporadicly. Anyway, could nt make the mortgage payment on time as I hadnt been paid and asked for a payment date in the same months just 10 days later. B&W whad no problem with that. Mortgage came out this morning and…
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Reppossession when is it to late
Hello just wanted to know when is it to late to save your house, i mean if you are unable to pay the arrears befor the hearing and the desition goes against you and you have a letter sent to evict you and then you come up with the arrears can you pay up and save your house in anyway, any advice would be greatful thank you
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Any ideas?
Hi Any of you expert mortgage peeps out there give me some idea of our chances on the following scenario. We have lived in our first house purchased for 13 years now. We have just plodded along, never missed a payment, slowly doing up our little victorian terrace as we go along. It looks fantastic now I have to say and we…
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Moving house - Porting the mortgage
I am probably going to be called naive, stupid etc by posting this thread but I am slightly confused and thought here would be a good place to start before looking stupid with the building society tomorrow. Bought a house 9 months ago, due to factors beyond our control, we are looking at selling. We had a 100% mortgage, so…
